AVY vs. NDSN
AVY (Avery Dennison Corporation) and NDSN (Nordson Corporation) are both stocks. Both are in the Industrials sector — AVY in Business Equipment & Supplies, NDSN in Specialty Industrial Machinery. Over the past 10 years, AVY returned 9.92%/yr vs 14.84%/yr for NDSN. At a 0.40 correlation, their price movements are largely independent.
Performance
AVY vs. NDSN - Performance Comparison
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Returns By Period
In the year-to-date period, AVY achieves a -12.22% return, which is significantly lower than NDSN's 21.78% return. Over the past 10 years, AVY has underperformed NDSN with an annualized return of 9.92%, while NDSN has yielded a comparatively higher 14.84% annualized return.
AVY
- 1D
- 0.24%
- 1M
- -0.49%
- YTD
- -12.22%
- 6M
- -11.90%
- 1Y
- -10.01%
- 3Y*
- -0.15%
- 5Y*
- -3.67%
- 10Y*
- 9.92%
NDSN
- 1D
- -1.35%
- 1M
- 0.69%
- YTD
- 21.78%
- 6M
- 21.00%
- 1Y
- 38.43%
- 3Y*
- 8.65%
- 5Y*
- 7.18%
- 10Y*
- 14.84%
AVY vs. NDSN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | -12.22% | -0.73% | -5.95% | 13.66% | -15.06% | 41.41% | 20.86% | 48.54% | -20.28% | 66.75% |
NDSN Nordson Corporation | 21.78% | 17.03% | -20.15% | 12.39% | -5.93% | 28.09% | 24.45% | 37.88% | -17.65% | 31.83% |
Correlation
The correlation between AVY and NDSN is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.40 |
Over the past year, AVY and NDSN have become more correlated (0.61) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
AVY:
$12.16B
NDSN:
$16.33B
AVY:
$8.87
NDSN:
$9.36
AVY:
17.79
NDSN:
31.10
AVY:
5.94
NDSN:
12.19
AVY:
1.36
NDSN:
5.66
AVY:
5.28
NDSN:
5.10
AVY:
$9.01B
NDSN:
$2.90B
AVY:
$2.59B
NDSN:
$1.60B
AVY:
$1.24B
NDSN:
$744.50M
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Return for Risk
AVY vs. NDSN — Risk / Return Rank
AVY
NDSN
AVY vs. NDSN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avery Dennison Corporation (AVY) and Nordson Corporation (NDSN). 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.
| AVY | NDSN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.73 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.95 | 8.84 | -9.79 |
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Drawdowns
AVY vs. NDSN - Drawdown Comparison
The maximum AVY drawdown since its inception was -73.03%, roughly equal to the maximum NDSN drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for AVY and NDSN.
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Drawdown Indicators
| AVY | NDSN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.03% | -73.62% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.62% | -14.15% | -7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -30.56% | -39.15% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -39.15% | +7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -44.24% | +0.72% |
Current DrawdownCurrent decline from peak | -28.36% | -2.17% | -26.19% |
Average DrawdownAverage peak-to-trough decline | -16.79% | -13.23% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 4.36% | +6.19% |
Volatility
AVY vs. NDSN - Volatility Comparison
The current volatility for Avery Dennison Corporation (AVY) is 6.78%, while Nordson Corporation (NDSN) has a volatility of 7.64%. This indicates that AVY experiences smaller price fluctuations and is considered to be less risky than NDSN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVY | NDSN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 7.64% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 16.07% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.67% | 21.12% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 24.80% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.04% | 28.39% | -1.35% |
Dividends
AVY vs. NDSN - Dividend Comparison
AVY's dividend yield for the trailing twelve months is around 2.42%, more than NDSN's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | 2.42% | 2.03% | 1.84% | 1.57% | 1.62% | 1.23% | 1.52% | 1.73% | 2.24% | 1.53% | 2.28% | 2.33% |
NDSN Nordson Corporation | 1.13% | 1.66% | 1.02% | 1.01% | 0.98% | 0.71% | 0.77% | 0.90% | 1.09% | 0.78% | 0.91% | 1.43% |
Financials
AVY vs. NDSN - Financials Comparison
This section allows you to compare key financial metrics between Avery Dennison Corporation and Nordson 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. NDSN - 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%.
NDSN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a gross profit of 404.08M and revenue of 740.85M. Therefore, the gross margin over that period was 54.5%.
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%.
NDSN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported an operating income of 197.20M and revenue of 740.85M, resulting in an operating margin of 26.6%.
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%.
NDSN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a net income of 117.32M and revenue of 740.85M, resulting in a net margin of 15.8%.
Frequently Asked Questions
AVY and NDSN have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDSN has higher volatility (7.64%) compared to AVY (6.78%). In terms of maximum drawdown, AVY dropped -73.03% vs NDSN's -73.62%.
NDSN currently has the higher Sharpe Ratio (1.83 vs -0.43), 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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