APD vs. CL
APD (Air Products and Chemicals, Inc.) and CL (Colgate-Palmolive Company) are both stocks. APD operates in Specialty Chemicals (Basic Materials), while CL operates in Household & Personal Products (Consumer Defensive). Over the past 10 years, APD returned 9.70%/yr vs 4.62%/yr for CL. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
APD vs. CL - Performance Comparison
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Returns By Period
In the year-to-date period, APD achieves a 21.68% return, which is significantly higher than CL's 19.23% return. Over the past 10 years, APD has outperformed CL with an annualized return of 9.70%, while CL has yielded a comparatively lower 4.62% annualized return.
APD
- 1D
- 0.60%
- 1M
- -6.20%
- 6M
- 7.35%
- YTD
- 21.68%
- 1Y
- 5.25%
- 3Y*
- 3.84%
- 5Y*
- 2.97%
- 10Y*
- 9.70%
- ALL TIME*
- 11.77%
CL
- 1D
- 2.95%
- 1M
- -2.18%
- 6M
- 0.52%
- YTD
- 19.23%
- 1Y
- 13.78%
- 3Y*
- 9.19%
- 5Y*
- 5.73%
- 10Y*
- 4.62%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $376.90M | $346.11M | $383.63M | |
| $468.59M | $430.56M | $463.16M |
APD vs. CL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 21.68% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
CL Colgate-Palmolive Company | 19.23% | -10.98% | 16.57% | 3.78% | -5.44% | 2.08% | 27.17% | 18.60% | -19.19% | 17.88% |
Correlation
The correlation between APD and CL is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.33 |
The correlation between APD and CL shifts across timeframes, from 0.13 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
APD:
$65.63B
CL:
$74.04B
APD:
-$0.21
CL:
$2.53
APD:
5.21
CL:
3.55
APD:
4.73
CL:
315.94
APD:
$12.60B
CL:
$21.05B
APD:
$4.04B
CL:
$12.72B
APD:
$1.30B
CL:
$3.68B
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Return for Risk
APD vs. CL — Risk / Return Rank
APD
CL
APD vs. CL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and Colgate-Palmolive Company (CL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APD | CL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.82 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.57 | 1.63 | -1.06 |
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Drawdowns
APD vs. CL - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, roughly equal to the maximum CL drawdown of -58.91%. Use the drawdown chart below to compare losses from any high point for APD and CL.
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Drawdown Indicators
| APD | CL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -58.91% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -16.97% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -29.05% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -29.05% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -29.05% | -2.72% |
Current DrawdownCurrent decline from peak | -9.38% | -10.85% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -11.24% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | 8.50% | +0.72% |
Volatility
APD vs. CL - Volatility Comparison
The current volatility for Air Products and Chemicals, Inc. (APD) is 5.66%, while Colgate-Palmolive Company (CL) has a volatility of 7.70%. This indicates that APD experiences smaller price fluctuations and is considered to be less risky than CL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APD | CL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 7.70% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 17.07% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.73% | 22.64% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 19.03% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.07% | 19.90% | +6.17% |
Dividends
APD vs. CL - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.44%, more than CL's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.44% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
CL Colgate-Palmolive Company | 2.27% | 2.61% | 2.18% | 2.40% | 2.36% | 2.10% | 2.05% | 2.48% | 2.79% | 2.11% | 2.37% | 2.25% |
Financials
APD vs. CL - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, Inc. and Colgate-Palmolive Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
APD vs. CL - Profitability Comparison
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported a gross profit of 1.04B and revenue of 3.16B. Therefore, the gross margin over that period was 32.8%.
CL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Colgate-Palmolive Company reported a gross profit of 3.30B and revenue of 5.36B. Therefore, the gross margin over that period was 61.5%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported an operating income of -2.10B and revenue of 3.16B, resulting in an operating margin of -66.3%.
CL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Colgate-Palmolive Company reported an operating income of 1.02B and revenue of 5.36B, resulting in an operating margin of 19.0%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported a net income of -1.44B and revenue of 3.16B, resulting in a net margin of -45.6%.
CL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Colgate-Palmolive Company reported a net income of 693.00M and revenue of 5.36B, resulting in a net margin of 12.9%.
Frequently Asked Questions
APD and CL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CL has higher volatility (7.70%) compared to APD (5.66%). In terms of maximum drawdown, APD dropped -60.30% vs CL's -58.91%.
CL currently has the higher Sharpe Ratio (0.61 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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