AVY vs. WSO

Last updated Apr 1, 2026

Compare and contrast key facts about Avery Dennison Corporation (AVY) and Watsco, Inc. (WSO).

Performance

AVY vs. WSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avery Dennison Corporation (AVY) and Watsco, Inc. (WSO). The values are adjusted to include any dividend payments, if applicable.

AVY vs. WSO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVY Avery Dennison Corporation	-4.59%	-0.73%	-5.95%	13.66%	-15.06%	41.41%	20.86%	48.54%	-20.28%	66.75%
WSO Watsco, Inc.	8.82%	-27.02%	13.22%	77.00%	-17.74%	42.09%	30.57%	34.99%	-15.54%	18.36%

Fundamentals

Market Cap AVY : $13.37B WSO : $13.80B
EPS AVY : $8.82 WSO : $13.84
PE Ratio AVY : 19.58 WSO : 26.28
PEG Ratio AVY : 6.53 WSO : 5.11
PS Ratio AVY : 1.52 WSO : 1.90
PB Ratio AVY : 5.96 WSO : 4.28
Total Revenue (TTM) AVY : $8.86B WSO : $7.24B
Gross Profit (TTM) AVY : $2.55B WSO : $2.06B
EBITDA (TTM) AVY : $1.34B WSO : $751.61M

Returns By Period

In the year-to-date period, AVY achieves a -4.59% return, which is significantly lower than WSO's 8.82% return. Over the past 10 years, AVY has underperformed WSO with an annualized return of 11.02%, while WSO has yielded a comparatively higher 14.03% annualized return.

AVY

• 1D: 2.69%
• 1M: -11.62%
• YTD: -4.59%
• 6M: 7.60%
• 1Y: -0.89%
• 3Y*: 0.66%
• 5Y*: -0.01%
• 10Y*: 11.02%

WSO

• 1D: 4.26%
• 1M: -12.83%
• YTD: 8.82%
• 6M: -8.54%
• 1Y: -26.36%
• 3Y*: 7.34%
• 5Y*: 9.38%
• 10Y*: 14.03%

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

Return for Risk

AVY vs. WSO — Risk / Return Rank

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

AVY

AVY Risk / Return Rank: 38
AVY Sharpe Ratio Rank: 40
AVY Sortino Ratio Rank: 34
AVY Omega Ratio Rank: 33
AVY Calmar Ratio Rank: 42
AVY Martin Ratio Rank: 43

WSO

WSO Risk / Return Rank: 14
WSO Sharpe Ratio Rank: 9
WSO Sortino Ratio Rank: 12
WSO Omega Ratio Rank: 13
WSO Calmar Ratio Rank: 18
WSO Martin Ratio Rank: 20

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.

AVY vs. WSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avery Dennison Corporation (AVY) and Watsco, Inc. (WSO). 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	WSO	Difference
Sharpe ratio Return per unit of total volatility	-0.04	-0.79	+0.76
Sortino ratio Return per unit of downside risk	0.14	-0.98	+1.12
Omega ratio Gain probability vs. loss probability	1.02	0.88	+0.14
Calmar ratio Return relative to maximum drawdown	0.02	-0.70	+0.71
Martin ratio Return relative to average drawdown	0.05	-1.15	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVY vs. WSO - Sharpe Ratio Comparison

The current AVY Sharpe Ratio is -0.04, which is higher than the WSO Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of AVY and WSO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVY	WSO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	-0.79	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.32	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.51	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.47	-0.11

Correlation

The correlation between AVY and WSO is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AVY vs. WSO - Dividend Comparison

AVY's dividend yield for the trailing twelve months is around 2.18%, less than WSO's 3.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVY Avery Dennison Corporation	2.18%	2.03%	1.84%	1.57%	1.62%	1.23%	1.52%	1.73%	2.24%	1.53%	2.28%	2.33%
WSO Watsco, Inc.	3.30%	3.47%	2.23%	2.29%	3.43%	2.44%	3.06%	3.55%	4.02%	2.71%	2.43%	2.39%

Drawdowns

AVY vs. WSO - Drawdown Comparison

The maximum AVY drawdown since its inception was -73.03%, which is greater than WSO's maximum drawdown of -64.30%. Use the drawdown chart below to compare losses from any high point for AVY and WSO.

Drawdown Indicators

	AVY	WSO	Difference
Max Drawdown Largest peak-to-trough decline	-73.03%	-64.30%	-8.73%
Max Drawdown (1Y) Largest decline over 1 year	-17.97%	-36.57%	+18.60%
Max Drawdown (5Y) Largest decline over 5 years	-31.80%	-41.62%	+9.82%
Max Drawdown (10Y) Largest decline over 10 years	-43.52%	-41.62%	-1.90%
Current Drawdown Current decline from peak	-22.13%	-33.83%	+11.70%
Average Drawdown Average peak-to-trough decline	-16.74%	-18.02%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.95%	22.10%	-15.15%

Volatility

AVY vs. WSO - Volatility Comparison

The current volatility for Avery Dennison Corporation (AVY) is 7.80%, while Watsco, Inc. (WSO) has a volatility of 11.77%. This indicates that AVY experiences smaller price fluctuations and is considered to be less risky than WSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVY	WSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	11.77%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	17.73%	23.57%	-5.84%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	33.39%	-8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	29.78%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	27.51%	-0.57%

Financials

AVY vs. WSO - Profitability Comparison

The chart below illustrates the profitability comparison between Avery Dennison Corporation and Watsco, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported a gross profit of 650.70M and revenue of 2.27B. Therefore, the gross margin over that period was 28.7%.

WSO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Watsco, Inc. reported a gross profit of 428.44M and revenue of 1.58B. Therefore, the gross margin over that period was 27.1%.

AVY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported an operating income of 281.50M and revenue of 2.27B, resulting in an operating margin of 12.4%.

WSO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Watsco, Inc. reported an operating income of 101.53M and revenue of 1.58B, resulting in an operating margin of 6.4%.

AVY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported a net income of 166.40M and revenue of 2.27B, resulting in a net margin of 7.3%.

WSO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Watsco, Inc. reported a net income of 71.75M and revenue of 1.58B, resulting in a net margin of 4.5%.