AS vs. WDH
AS (Amer Sports, Inc) and WDH (Waterdrop Inc.) are both stocks. AS operates in Leisure (Consumer Cyclical), while WDH operates in Insurance - Diversified (Financial Services). Over the past year, AS returned -5.21% vs 4.96% for WDH. At a 0.17 correlation, their price movements are largely independent.
Performance
AS vs. WDH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AS achieves a -5.06% return, which is significantly higher than WDH's -24.98% return.
AS
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDH
- 1D
- -0.71%
- 1M
- -11.39%
- YTD
- -24.98%
- 6M
- -20.37%
- 1Y
- 4.96%
- 3Y*
- -14.35%
- 5Y*
- -27.99%
- 10Y*
- —
AS vs. WDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
WDH Waterdrop Inc. | -24.98% | 66.25% | 26.46% |
Correlation
The correlation between AS and WDH is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.17 |
Fundamentals
AS:
$20.29B
WDH:
$51.89M
AS:
$0.81
WDH:
CN¥2.18
AS:
43.81
WDH:
4.35
AS:
0.11
WDH:
0.01
AS:
2.85
WDH:
0.62
AS:
3.01
WDH:
0.07
AS:
$7.04B
WDH:
CN¥3.96B
AS:
$4.10B
WDH:
CN¥2.02B
AS:
$1.02B
WDH:
CN¥369.70M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AS vs. WDH — Risk / Return Rank
AS
WDH
AS vs. WDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) and Waterdrop Inc. (WDH). 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.
| AS | WDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.17 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.36 | 0.36 | -0.72 |
Loading charts...
Drawdowns
AS vs. WDH - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum WDH drawdown of -91.12%. Use the drawdown chart below to compare losses from any high point for AS and WDH.
Loading charts...
Drawdown Indicators
| AS | WDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -91.12% | +50.41% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -29.00% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.67% | — |
Current DrawdownCurrent decline from peak | -15.49% | -84.92% | +69.43% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -81.15% | +67.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 13.81% | +0.75% |
Volatility
AS vs. WDH - Volatility Comparison
The current volatility for Amer Sports, Inc (AS) is 10.17%, while Waterdrop Inc. (WDH) has a volatility of 13.33%. This indicates that AS experiences smaller price fluctuations and is considered to be less risky than WDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AS | WDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 13.33% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 24.40% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.31% | 44.58% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.55% | 61.87% | -12.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 62.73% | -13.18% |
Dividends
AS vs. WDH - Dividend Comparison
AS has not paid dividends to shareholders, while WDH's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 0.00% | 0.00% |
WDH Waterdrop Inc. | 4.29% | 2.63% | 5.08% |
Financials
AS vs. WDH - Financials Comparison
This section allows you to compare key financial metrics between Amer Sports, Inc and Waterdrop Inc.. 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
AS vs. WDH - Profitability Comparison
AS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported a gross profit of 1.17B and revenue of 1.95B. Therefore, the gross margin over that period was 59.9%.
WDH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported a gross profit of 723.78M and revenue of 1.39B. Therefore, the gross margin over that period was 52.0%.
AS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported an operating income of 313.30M and revenue of 1.95B, resulting in an operating margin of 16.1%.
WDH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported an operating income of 82.71M and revenue of 1.39B, resulting in an operating margin of 5.9%.
AS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported a net income of 164.60M and revenue of 1.95B, resulting in a net margin of 8.5%.
WDH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported a net income of 159.88M and revenue of 1.39B, resulting in a net margin of 11.5%.
Frequently Asked Questions
AS and WDH have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDH has higher volatility (13.33%) compared to AS (10.17%). In terms of maximum drawdown, AS dropped -40.71% vs WDH's -91.12%.
WDH currently has the higher Sharpe Ratio (0.11 vs -0.13), 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.
Find the right allocation for AS and WDH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer