AVY vs. IEX
AVY (Avery Dennison Corporation) and IEX (IDEX Corporation) are both stocks. Both are in the Industrials sector — AVY in Business Equipment & Supplies, IEX in Specialty Industrial Machinery. Over the past 10 years, AVY returned 9.47%/yr vs 11.21%/yr for IEX. At a 0.41 correlation, their price movements are largely independent.
Performance
AVY vs. IEX - Performance Comparison
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Returns By Period
In the year-to-date period, AVY achieves a -13.31% return, which is significantly lower than IEX's 21.89% return. Over the past 10 years, AVY has underperformed IEX with an annualized return of 9.47%, while IEX has yielded a comparatively higher 11.21% annualized return.
AVY
- 1D
- -0.10%
- 1M
- -2.23%
- YTD
- -13.31%
- 6M
- -10.21%
- 1Y
- -10.80%
- 3Y*
- -0.10%
- 5Y*
- -5.02%
- 10Y*
- 9.47%
IEX
- 1D
- 1.51%
- 1M
- 0.83%
- YTD
- 21.89%
- 6M
- 21.71%
- 1Y
- 20.12%
- 3Y*
- 2.48%
- 5Y*
- 0.36%
- 10Y*
- 11.21%
AVY vs. IEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | -13.31% | -0.73% | -5.95% | 13.66% | -15.06% | 41.41% | 20.86% | 48.54% | -20.28% | 66.75% |
IEX IDEX Corporation | 21.89% | -13.69% | -2.35% | -3.80% | -2.22% | 19.82% | 17.22% | 37.94% | -3.16% | 48.53% |
Correlation
The correlation between AVY and IEX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.41 |
The correlation between AVY and IEX shifts across timeframes, from 0.41 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AVY:
$12.00B
IEX:
$16.02B
AVY:
$8.87
IEX:
$6.77
AVY:
17.57
IEX:
31.82
AVY:
5.87
IEX:
9.39
AVY:
1.35
IEX:
4.58
AVY:
5.22
IEX:
3.96
AVY:
$9.01B
IEX:
$3.53B
AVY:
$2.59B
IEX:
$1.57B
AVY:
$1.24B
IEX:
$885.40M
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Return for Risk
AVY vs. IEX — Risk / Return Rank
AVY
IEX
AVY vs. IEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avery Dennison Corporation (AVY) and IDEX Corporation (IEX). 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.
| AVY | IEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.33 | -1.84 |
| Martin ratioReturn relative to average drawdown | -1.13 | 2.59 | -3.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVY | IEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 0.79 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.02 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.46 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.14 | +0.21 |
Drawdowns
AVY vs. IEX - Drawdown Comparison
The maximum AVY drawdown since its inception was -73.03%, smaller than the maximum IEX drawdown of -81.60%. Use the drawdown chart below to compare losses from any high point for AVY and IEX.
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Drawdown Indicators
| AVY | IEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.03% | -81.60% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -21.49% | -15.17% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -30.44% | -34.60% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -34.60% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -35.52% | -8.00% |
Current DrawdownCurrent decline from peak | -29.25% | -9.57% | -19.68% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -11.44% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.61% | 7.78% | +1.83% |
Volatility
AVY vs. IEX - Volatility Comparison
Avery Dennison Corporation (AVY) and IDEX Corporation (IEX) have volatilities of 6.12% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVY | IEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 5.83% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 16.95% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.33% | 25.76% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 24.02% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.02% | 24.25% | +2.77% |
Dividends
AVY vs. IEX - Dividend Comparison
AVY's dividend yield for the trailing twelve months is around 3.05%, more than IEX's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | 3.05% | 2.03% | 1.84% | 1.57% | 1.62% | 1.23% | 1.52% | 1.73% | 2.24% | 1.53% | 2.28% | 2.33% |
IEX IDEX Corporation | 1.33% | 1.58% | 1.29% | 1.16% | 1.02% | 0.90% | 1.00% | 1.12% | 1.31% | 1.10% | 1.49% | 1.62% |
Financials
AVY vs. IEX - Financials Comparison
This section allows you to compare key financial metrics between Avery Dennison Corporation and IDEX Corporation. 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
AVY vs. IEX - Profitability Comparison
AVY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a gross profit of 664.80M and revenue of 2.30B. Therefore, the gross margin over that period was 28.9%.
IEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a gross profit of 398.10M and revenue of 886.90M. Therefore, the gross margin over that period was 44.9%.
AVY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported an operating income of 271.90M and revenue of 2.30B, resulting in an operating margin of 11.8%.
IEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported an operating income of 172.40M and revenue of 886.90M, resulting in an operating margin of 19.4%.
AVY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a net income of 168.10M and revenue of 2.30B, resulting in a net margin of 7.3%.
IEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a net income of 120.00M and revenue of 886.90M, resulting in a net margin of 13.5%.
Frequently Asked Questions
AVY and IEX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVY has higher volatility (6.12%) compared to IEX (5.83%). In terms of maximum drawdown, AVY dropped -73.03% vs IEX's -81.60%.
IEX currently has the higher Sharpe Ratio (0.79 vs -0.47), 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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