AWI vs. ZWS
AWI (Armstrong World Industries, Inc.) and ZWS (Zurn Water Solutions Corporation) are both stocks. AWI operates in Building Products & Equipment (Industrials), while ZWS operates in Utilities - Regulated Water (Utilities). Over the past 10 years, AWI returned 16.12%/yr vs 27.22%/yr for ZWS. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
AWI vs. ZWS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AWI achieves a -8.23% return, which is significantly lower than ZWS's 9.14% return. Over the past 10 years, AWI has underperformed ZWS with an annualized return of 16.12%, while ZWS has yielded a comparatively higher 27.22% annualized return.
AWI
- 1D
- 0.17%
- 1M
- 10.15%
- 6M
- -4.55%
- YTD
- -8.23%
- 1Y
- -6.66%
- 3Y*
- 32.55%
- 5Y*
- 11.16%
- 10Y*
- 16.12%
- ALL TIME*
- 11.46%
ZWS
- 1D
- 0.78%
- 1M
- 2.75%
- 6M
- 10.04%
- YTD
- 9.14%
- 1Y
- 13.30%
- 3Y*
- 19.57%
- 5Y*
- 32.22%
- 10Y*
- 27.22%
- ALL TIME*
- 19.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $122.80M | $94.99M | $76.07M | |
| $61.04M | $51.58M | $48.80M |
AWI vs. ZWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | -8.23% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
ZWS Zurn Water Solutions Corporation | 9.14% | 25.81% | 28.08% | 40.63% | -41.48% | 299.70% | 22.26% | 42.14% | -11.80% | 32.82% |
Correlation
The correlation between AWI and ZWS is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.49 |
The correlation between AWI and ZWS shifts across timeframes, from 0.49 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AWI:
$7.38B
ZWS:
$8.38B
AWI:
$7.29
ZWS:
$1.63
AWI:
23.97
ZWS:
31.08
AWI:
1.45
ZWS:
1.91
AWI:
4.46
ZWS:
4.69
AWI:
3.72
ZWS:
5.15
AWI:
$1.70B
ZWS:
$1.83B
AWI:
$683.30M
ZWS:
$871.00M
AWI:
$589.00M
ZWS:
$342.50M
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
AWI vs. ZWS — Risk / Return Rank
AWI
ZWS
AWI vs. ZWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Armstrong World Industries, Inc. (AWI) and Zurn Water Solutions Corporation (ZWS). 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.
| AWI | ZWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.12 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.90 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.48 | 2.37 | -2.85 |
Loading charts...
Drawdowns
AWI vs. ZWS - Drawdown Comparison
The maximum AWI drawdown since its inception was -80.98%, which is greater than ZWS's maximum drawdown of -52.43%. Use the drawdown chart below to compare losses from any high point for AWI and ZWS.
Loading charts...
Drawdown Indicators
| AWI | ZWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.98% | -52.43% | -28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -17.02% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -30.18% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -47.25% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -46.44% | -47.25% | +0.81% |
Current DrawdownCurrent decline from peak | -13.76% | -4.11% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -16.04% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.55% | 6.41% | +7.14% |
Volatility
AWI vs. ZWS - Volatility Comparison
Armstrong World Industries, Inc. (AWI) has a higher volatility of 11.54% compared to Zurn Water Solutions Corporation (ZWS) at 7.69%. This indicates that AWI's price experiences larger fluctuations and is considered to be riskier than ZWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AWI | ZWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.54% | 7.69% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.59% | 23.64% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.44% | 28.26% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 62.29% | -35.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 51.62% | -21.60% |
Dividends
AWI vs. ZWS - Dividend Comparison
AWI's dividend yield for the trailing twelve months is around 0.76%, less than ZWS's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.76% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
ZWS Zurn Water Solutions Corporation | 0.83% | 0.82% | 0.88% | 0.99% | 0.95% | 92.93% | 0.81% | 0.00% | 0.00% |
Financials
AWI vs. ZWS - Financials Comparison
This section allows you to compare key financial metrics between Armstrong World Industries, Inc. and Zurn Water Solutions 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
AWI vs. ZWS - Profitability Comparison
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported a gross profit of 195.00M and revenue of 472.00M. Therefore, the gross margin over that period was 41.3%.
ZWS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported a gross profit of 313.10M and revenue of 535.20M. Therefore, the gross margin over that period was 58.5%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported an operating income of 133.80M and revenue of 472.00M, resulting in an operating margin of 28.4%.
ZWS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported an operating income of 152.30M and revenue of 535.20M, resulting in an operating margin of 28.5%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported a net income of 96.70M and revenue of 472.00M, resulting in a net margin of 20.5%.
ZWS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported a net income of 113.30M and revenue of 535.20M, resulting in a net margin of 21.2%.
Frequently Asked Questions
AWI and ZWS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWI has higher volatility (11.54%) compared to ZWS (7.69%). In terms of maximum drawdown, AWI dropped -80.98% vs ZWS's -52.43%.
ZWS currently has the higher Sharpe Ratio (0.54 vs -0.25), 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 AWI and ZWS
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