APOG vs. OI

Last updated Jun 3, 2026

APOG (Apogee Enterprises, Inc.) and OI (O-I Glass, Inc.) are both stocks. APOG operates in Building Products & Equipment (Industrials), while OI operates in Packaging & Containers (Consumer Cyclical). Over the past 10 years, APOG returned 0.50%/yr vs -8.22%/yr for OI. At a 0.28 correlation, their price movements are largely independent.

Performance

APOG vs. OI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apogee Enterprises, Inc. (APOG) and O-I Glass, Inc. (OI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APOG achieves a 7.51% return, which is significantly higher than OI's -45.39% return. Over the past 10 years, APOG has outperformed OI with an annualized return of 0.50%, while OI has yielded a comparatively lower -8.22% annualized return.

APOG

• 1D: 0.26%
• 1M: 7.06%
• YTD: 7.51%
• 6M: 5.80%
• 1Y: 4.53%
• 3Y*: 1.03%
• 5Y*: 2.41%
• 10Y*: 0.50%

OI

• 1D: -2.07%
• 1M: -15.07%
• YTD: -45.39%
• 6M: -39.44%
• 1Y: -37.47%
• 3Y*: -28.43%
• 5Y*: -15.90%
• 10Y*: -8.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APOG vs. OI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APOG Apogee Enterprises, Inc.	7.51%	-47.77%	35.84%	22.81%	-5.71%	55.23%	0.57%	10.89%	-33.77%	-13.72%
OI O-I Glass, Inc.	-45.39%	36.16%	-33.82%	-1.15%	37.74%	1.09%	0.16%	-29.69%	-22.24%	27.34%

Correlation

The correlation between APOG and OI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 12, 1991	0.28

Over the past year, APOG and OI have become more correlated (0.48) than their long-term average of 0.28, meaning their price movements have been converging.

Fundamentals

Market Cap APOG : $827.48M OI : $1.23B
EPS APOG : $2.51 OI : -$0.96
PS Ratio APOG : 0.59 OI : 0.19
PB Ratio APOG : 1.62 OI : 0.55
Total Revenue (TTM) APOG : $1.40B OI : $6.40B
Gross Profit (TTM) APOG : $319.47M OI : $1.03B
EBITDA (TTM) APOG : $54.05M OI : $657.00M

Return for Risk

APOG vs. OI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APOG

APOG Risk / Return Rank: 42
APOG Sharpe Ratio Rank: 44
APOG Sortino Ratio Rank: 40
APOG Omega Ratio Rank: 39
APOG Calmar Ratio Rank: 42
APOG Martin Ratio Rank: 42

OI

OI Risk / Return Rank: 9
OI Sharpe Ratio Rank: 8
OI Sortino Ratio Rank: 10
OI Omega Ratio Rank: 11
OI Calmar Ratio Rank: 12
OI Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APOG vs. OI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apogee Enterprises, Inc. (APOG) and O-I Glass, Inc. (OI). 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.

	APOG	OI	Difference
Sharpe ratio Return per unit of total volatility	0.12	-0.82	+0.94
Sortino ratio Return per unit of downside risk	0.44	-1.01	+1.45
Omega ratio Gain probability vs. loss probability	1.05	0.87	+0.19
Calmar ratio Return relative to maximum drawdown	0.09	-0.75	+0.84
Martin ratio Return relative to average drawdown	0.17	-1.63	+1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APOG vs. OI - Sharpe Ratio Comparison

The current APOG Sharpe Ratio is 0.12, which is higher than the OI Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of APOG and OI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APOG	OI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	-0.82	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	-0.36	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	-0.17	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.01	+0.27

Drawdowns

APOG vs. OI - Drawdown Comparison

The maximum APOG drawdown since its inception was -84.96%, smaller than the maximum OI drawdown of -94.73%. Use the drawdown chart below to compare losses from any high point for APOG and OI.

Drawdown Indicators

	APOG	OI	Difference
Max Drawdown Largest peak-to-trough decline	-84.96%	-94.73%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-29.12%	-51.53%	+22.41%
Max Drawdown (3Y) Largest decline over 3 years	-62.46%	-65.50%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-62.46%	-65.61%	+3.15%
Max Drawdown (10Y) Largest decline over 10 years	-74.60%	-81.56%	+6.96%
Current Drawdown Current decline from peak	-54.02%	-86.27%	+32.25%
Average Drawdown Average peak-to-trough decline	-29.05%	-53.19%	+24.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.39%	23.60%	-8.21%

Volatility

APOG vs. OI - Volatility Comparison

The current volatility for Apogee Enterprises, Inc. (APOG) is 10.68%, while O-I Glass, Inc. (OI) has a volatility of 14.57%. This indicates that APOG experiences smaller price fluctuations and is considered to be less risky than OI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APOG	OI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	14.57%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	28.75%	36.43%	-7.68%
Volatility (1Y) Calculated over the trailing 1-year period	37.17%	46.13%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.91%	44.26%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.40%	48.47%	-6.07%

Dividends

APOG vs. OI - Dividend Comparison

APOG's dividend yield for the trailing twelve months is around 2.75%, while OI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APOG Apogee Enterprises, Inc.	2.75%	2.86%	1.40%	1.80%	1.98%	1.66%	2.37%	2.15%	2.11%	1.22%	0.93%	1.01%
OI O-I Glass, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	1.68%	0.00%	0.00%	0.00%	0.00%

Financials

APOG vs. OI - Profitability Comparison

The chart below illustrates the profitability comparison between Apogee Enterprises, Inc. and O-I Glass, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

APOG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apogee Enterprises, Inc. reported a gross profit of 65.25M and revenue of 351.35M. Therefore, the gross margin over that period was 18.6%.

OI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported a gross profit of 199.00M and revenue of 1.54B. Therefore, the gross margin over that period was 12.9%.

APOG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apogee Enterprises, Inc. reported an operating income of 25.78M and revenue of 351.35M, resulting in an operating margin of 7.3%.

OI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported an operating income of 91.00M and revenue of 1.54B, resulting in an operating margin of 5.9%.

APOG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apogee Enterprises, Inc. reported a net income of 16.62M and revenue of 351.35M, resulting in a net margin of 4.7%.

OI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported a net income of -35.00M and revenue of 1.54B, resulting in a net margin of -2.3%.

Frequently Asked Questions

Can I hold both APOG and OI in my portfolio?

APOG and OI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APOG or OI?

OI has higher volatility (14.57%) compared to APOG (10.68%). In terms of maximum drawdown, APOG dropped -84.96% vs OI's -94.73%.

Which has better risk-adjusted returns?

APOG currently has the higher Sharpe Ratio (0.12 vs -0.82), 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.