AWK vs. PM
AWK (American Water Works Company, Inc.) and PM (Philip Morris International Inc.) are both stocks. AWK operates in Utilities - Regulated Water (Utilities), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, AWK returned 7.02%/yr vs 11.71%/yr for PM. At a 0.33 correlation, their price movements are largely independent.
Performance
AWK vs. PM - 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 PM's 15.93% return. Over the past 10 years, AWK has underperformed PM with an annualized return of 7.02%, while PM has yielded a comparatively higher 11.71% 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%
PM
- 1D
- 1.95%
- 1M
- -1.92%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.66%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
AWK vs. PM - 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% |
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between AWK and PM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008 | 0.33 |
Fundamentals
AWK:
$24.63B
PM:
$288.03B
AWK:
$5.65
PM:
$7.12
AWK:
22.35
PM:
25.90
AWK:
4.73
PM:
6.93
AWK:
$5.21B
PM:
$41.49B
AWK:
$2.27B
PM:
$27.93B
AWK:
$2.48B
PM:
$17.74B
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Return for Risk
AWK vs. PM — Risk / Return Rank
AWK
PM
AWK vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Water Works Company, Inc. (AWK) and Philip Morris International Inc. (PM). 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 | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.18 | -0.72 |
| Martin ratioReturn relative to average drawdown | -0.99 | 0.34 | -1.33 |
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Drawdowns
AWK vs. PM - Drawdown Comparison
The maximum AWK drawdown since its inception was -37.10%, smaller than the maximum PM drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for AWK and PM.
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Drawdown Indicators
| AWK | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.10% | -42.87% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -20.64% | +5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -20.64% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -22.78% | -14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -37.10% | -42.87% | +5.77% |
Current DrawdownCurrent decline from peak | -26.26% | -3.94% | -22.32% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -10.02% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 10.81% | -2.43% |
Volatility
AWK vs. PM - Volatility Comparison
The current volatility for American Water Works Company, Inc. (AWK) is 6.28%, while Philip Morris International Inc. (PM) has a volatility of 7.76%. This indicates that AWK experiences smaller price fluctuations and is considered to be less risky than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWK | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 7.76% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 21.07% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 27.73% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.93% | 22.73% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.72% | 24.46% | -0.74% |
Dividends
AWK vs. PM - Dividend Comparison
AWK's dividend yield for the trailing twelve months is around 2.67%, less than PM's 3.13% 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% |
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
AWK vs. PM - Financials Comparison
This section allows you to compare key financial metrics between American Water Works Company, Inc. and Philip Morris International Inc.. 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. PM - 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%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
AWK and PM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (7.76%) compared to AWK (6.28%). In terms of maximum drawdown, AWK dropped -37.10% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.13 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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