APD vs. GOOGL
APD (Air Products and Chemicals, Inc.) and GOOGL (Alphabet Inc. Class A) are both stocks. APD operates in Chemicals (Basic Materials), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, APD returned 9.60%/yr vs 25.76%/yr for GOOGL. At a 0.38 correlation, their price movements are largely independent.
Performance
APD vs. GOOGL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with APD having a 15.56% return and GOOGL slightly lower at 15.06%. Over the past 10 years, APD has underperformed GOOGL with an annualized return of 9.60%, while GOOGL has yielded a comparatively higher 25.76% annualized return.
APD
- 1D
- 1.26%
- 1M
- -8.03%
- YTD
- 15.56%
- 6M
- 17.47%
- 1Y
- 2.08%
- 3Y*
- 2.22%
- 5Y*
- 1.21%
- 10Y*
- 9.60%
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
APD vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 15.56% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between APD and GOOGL is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.38 |
Over the past year, the correlation between APD and GOOGL has dropped to 0.07 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
APD:
$62.77B
GOOGL:
$4.40T
APD:
$9.45
GOOGL:
$13.11
APD:
29.79
GOOGL:
27.43
APD:
1.39
GOOGL:
1.35
APD:
5.04
GOOGL:
10.40
APD:
4.01
GOOGL:
9.19
APD:
$12.46B
GOOGL:
$422.57B
APD:
$3.99B
GOOGL:
$255.12B
APD:
$4.36B
GOOGL:
$174.08B
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Return for Risk
APD vs. GOOGL — Risk / Return Rank
APD
GOOGL
APD vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.59 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 5.20 | -5.11 |
| Martin ratioReturn relative to average drawdown | 0.23 | 18.48 | -18.25 |
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Drawdowns
APD vs. GOOGL - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for APD and GOOGL.
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Drawdown Indicators
| APD | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -65.29% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -20.37% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -29.81% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -44.32% | +12.55% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -44.32% | +12.55% |
Current DrawdownCurrent decline from peak | -13.94% | -10.61% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -13.01% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.96% | 5.72% | +3.24% |
Volatility
APD vs. GOOGL - Volatility Comparison
The current volatility for Air Products and Chemicals, Inc. (APD) is 5.42%, while Alphabet Inc. Class A (GOOGL) has a volatility of 7.24%. This indicates that APD experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APD | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.24% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 20.82% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 29.31% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 31.33% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.91% | 29.13% | -3.22% |
Dividends
APD vs. GOOGL - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.55%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.55% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
APD vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, Inc. and Alphabet Inc. Class A. 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. GOOGL - Profitability Comparison
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
APD and GOOGL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (7.24%) compared to APD (5.42%). In terms of maximum drawdown, APD dropped -60.30% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs 0.08), 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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