AWR vs. CWT
AWR (American States Water Company) and CWT (California Water Service Group) are both stocks. Both operate in the Utilities - Regulated Water industry within the Utilities sector. Over the past 10 years, AWR returned 9.28%/yr vs 6.29%/yr for CWT. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
AWR vs. CWT - Performance Comparison
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Returns By Period
In the year-to-date period, AWR achieves a 19.78% return, which is significantly higher than CWT's 17.43% return. Over the past 10 years, AWR has outperformed CWT with an annualized return of 9.28%, while CWT has yielded a comparatively lower 6.29% annualized return.
AWR
- 1D
- -0.37%
- 1M
- 1.04%
- 6M
- 18.99%
- YTD
- 19.78%
- 1Y
- 17.73%
- 3Y*
- 2.09%
- 5Y*
- 1.52%
- 10Y*
- 9.28%
- ALL TIME*
- 12.07%
CWT
- 1D
- -0.77%
- 1M
- -0.24%
- 6M
- 13.83%
- YTD
- 17.43%
- 1Y
- 10.84%
- 3Y*
- 1.23%
- 5Y*
- -2.29%
- 10Y*
- 6.29%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.21M | $26.71M | $26.89M | |
| $24.21M | $23.35M | $24.82M |
AWR vs. CWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 19.78% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
CWT California Water Service Group | 17.43% | -1.81% | -10.64% | -12.83% | -14.13% | 35.05% | 6.68% | 9.85% | 7.06% | 36.39% |
Correlation
The correlation between AWR and CWT is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.51 |
Over the past year, AWR and CWT have become more correlated (0.88) than their long-term average of 0.51, meaning their price movements have been converging.
Fundamentals
AWR:
$3.36B
CWT:
$3.00B
AWR:
$3.44
CWT:
$2.23
AWR:
24.92
CWT:
22.50
AWR:
2.35
CWT:
0.54
AWR:
4.90
CWT:
2.84
AWR:
3.16
CWT:
1.66
AWR:
$679.25M
CWT:
$1.05B
AWR:
$303.17M
CWT:
$196.22M
AWR:
$233.31M
CWT:
$346.36M
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Return for Risk
AWR vs. CWT — Risk / Return Rank
AWR
CWT
AWR vs. CWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American States Water Company (AWR) and California Water Service Group (CWT). 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.
| AWR | CWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.92 | +1.42 |
| Martin ratioReturn relative to average drawdown | 5.12 | 1.74 | +3.38 |
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Drawdowns
AWR vs. CWT - Drawdown Comparison
The maximum AWR drawdown since its inception was -37.39%, roughly equal to the maximum CWT drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for AWR and CWT.
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Drawdown Indicators
| AWR | CWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -38.21% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.41% | -14.59% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -24.13% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -38.21% | +5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -32.85% | -38.21% | +5.36% |
Current DrawdownCurrent decline from peak | -8.65% | -22.88% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -11.75% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 7.70% | -3.87% |
Volatility
AWR vs. CWT - Volatility Comparison
American States Water Company (AWR) and California Water Service Group (CWT) have volatilities of 6.58% and 6.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWR | CWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 6.85% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 19.17% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 24.72% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 24.33% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.21% | 27.72% | -1.51% |
Dividends
AWR vs. CWT - Dividend Comparison
AWR's dividend yield for the trailing twelve months is around 2.35%, less than CWT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.35% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
CWT California Water Service Group | 2.53% | 2.86% | 2.47% | 2.01% | 1.65% | 1.28% | 1.57% | 1.53% | 1.57% | 1.59% | 2.04% | 2.88% |
Financials
AWR vs. CWT - Financials Comparison
This section allows you to compare key financial metrics between American States Water Company and California Water Service Group. 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
AWR vs. CWT - Profitability Comparison
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
CWT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, California Water Service Group reported a gross profit of -63.68M and revenue of 308.60M. Therefore, the gross margin over that period was -20.6%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
CWT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, California Water Service Group reported an operating income of 70.83M and revenue of 308.60M, resulting in an operating margin of 23.0%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
CWT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, California Water Service Group reported a net income of 56.47M and revenue of 308.60M, resulting in a net margin of 18.3%.
Frequently Asked Questions
AWR and CWT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWT has higher volatility (6.85%) compared to AWR (6.58%). In terms of maximum drawdown, AWR dropped -37.39% vs CWT's -38.21%.
AWR currently has the higher Sharpe Ratio (0.96 vs 0.54), 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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