AWK vs. O
AWK (American Water Works Company, Inc.) and O (Realty Income Corporation) are both stocks. AWK operates in Utilities - Regulated Water (Utilities), while O operates in REIT - Retail (Real Estate). Over the past 10 years, AWK returned 7.02%/yr vs 4.89%/yr for O. At a 0.45 correlation, their price movements are largely independent.
Performance
AWK vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, AWK achieves a -1.86% return, which is significantly lower than O's 13.70% return. Over the past 10 years, AWK has outperformed O with an annualized return of 7.02%, while O has yielded a comparatively lower 4.89% annualized return.
AWK
- 1D
- 1.49%
- 1M
- -0.83%
- YTD
- -1.86%
- 6M
- -2.64%
- 1Y
- -8.27%
- 3Y*
- -2.50%
- 5Y*
- -2.65%
- 10Y*
- 7.02%
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
AWK vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWK American Water Works Company, Inc. | -1.86% | 7.40% | -3.53% | -11.68% | -17.89% | 24.83% | 26.88% | 37.79% | 1.32% | 29.01% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between AWK and O is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008 | 0.45 |
The correlation between AWK and O shifts across timeframes, from 0.42 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AWK:
$5.65
O:
$1.17
AWK:
22.35
O:
53.41
AWK:
4.73
O:
7.22
AWK:
$5.21B
O:
$5.92B
AWK:
$2.27B
O:
$3.89B
AWK:
$2.48B
O:
$3.93B
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Return for Risk
AWK vs. O — Risk / Return Rank
AWK
O
AWK vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Water Works Company, Inc. (AWK) and Realty Income Corporation (O). 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.
| AWK | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.15 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.29 | -1.83 |
| Martin ratioReturn relative to average drawdown | -0.99 | 3.12 | -4.11 |
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Drawdowns
AWK vs. O - Drawdown Comparison
The maximum AWK drawdown since its inception was -37.10%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for AWK and O.
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Drawdown Indicators
| AWK | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.10% | -48.45% | +11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -11.10% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -26.49% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -34.48% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.10% | -48.28% | +11.18% |
Current DrawdownCurrent decline from peak | -26.26% | -5.94% | -20.32% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -9.20% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 4.58% | +3.80% |
Volatility
AWK vs. O - Volatility Comparison
American Water Works Company, Inc. (AWK) has a higher volatility of 6.28% compared to Realty Income Corporation (O) at 5.29%. This indicates that AWK's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWK | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.29% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 11.98% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 16.21% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.93% | 18.92% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.72% | 25.64% | -1.92% |
Dividends
AWK vs. O - Dividend Comparison
AWK's dividend yield for the trailing twelve months is around 2.67%, less than O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWK American Water Works Company, Inc. | 2.67% | 2.49% | 2.41% | 2.10% | 1.68% | 1.25% | 1.40% | 1.59% | 1.96% | 1.77% | 2.02% | 2.23% |
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
AWK vs. O - Financials Comparison
This section allows you to compare key financial metrics between American Water Works Company, Inc. and Realty Income 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
AWK vs. O - Profitability Comparison
AWK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a gross profit of 714.00M and revenue of 1.21B. Therefore, the gross margin over that period was 59.2%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
AWK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported an operating income of 391.00M and revenue of 1.21B, resulting in an operating margin of 32.4%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
AWK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a net income of 196.00M and revenue of 1.21B, resulting in a net margin of 16.2%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
AWK and O have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWK has higher volatility (6.28%) compared to O (5.29%). In terms of maximum drawdown, AWK dropped -37.10% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.88 vs -0.38), 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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