AZZ vs. SPXC
AZZ (AZZ Inc.) and SPXC (SPX Corporation) are both stocks. Both are in the Industrials sector — AZZ in Electrical Equipment & Parts, SPXC in Specialty Industrial Machinery. Over the past 10 years, AZZ returned 11.24%/yr vs 31.60%/yr for SPXC. At a 0.29 correlation, their price movements are largely independent.
Performance
AZZ vs. SPXC - Performance Comparison
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Returns By Period
In the year-to-date period, AZZ achieves a 40.52% return, which is significantly higher than SPXC's 16.71% return. Over the past 10 years, AZZ has underperformed SPXC with an annualized return of 11.24%, while SPXC has yielded a comparatively higher 31.60% annualized return.
AZZ
- 1D
- 7.05%
- 1M
- 1.38%
- YTD
- 40.52%
- 6M
- 37.23%
- 1Y
- 63.58%
- 3Y*
- 56.52%
- 5Y*
- 24.16%
- 10Y*
- 11.24%
SPXC
- 1D
- 4.41%
- 1M
- 17.34%
- YTD
- 16.71%
- 6M
- 3.88%
- 1Y
- 45.38%
- 3Y*
- 40.55%
- 5Y*
- 31.42%
- 10Y*
- 31.60%
AZZ vs. SPXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AZZ AZZ Inc. | 40.52% | 31.89% | 42.35% | 46.82% | -26.09% | 18.10% | 5.34% | 15.65% | -19.88% | -19.00% |
SPXC SPX Corporation | 16.71% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
Correlation
The correlation between AZZ and SPXC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.29 |
Over the past year, AZZ and SPXC have become more correlated (0.52) than their long-term average of 0.29, meaning their price movements have been converging.
Fundamentals
AZZ:
$4.53B
SPXC:
$11.80B
AZZ:
$10.51
SPXC:
$5.19
AZZ:
14.29
SPXC:
45.00
AZZ:
0.10
SPXC:
0.01
AZZ:
2.75
SPXC:
4.85
AZZ:
3.38
SPXC:
5.16
AZZ:
$1.65B
SPXC:
$2.35B
AZZ:
$394.96M
SPXC:
$909.30M
AZZ:
$564.26M
SPXC:
$475.30M
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Return for Risk
AZZ vs. SPXC — Risk / Return Rank
AZZ
SPXC
AZZ vs. SPXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AZZ Inc. (AZZ) and SPX Corporation (SPXC). 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.
| AZZ | SPXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.97 | +1.55 |
| Martin ratioReturn relative to average drawdown | 7.73 | 5.04 | +2.69 |
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Drawdowns
AZZ vs. SPXC - Drawdown Comparison
The maximum AZZ drawdown since its inception was -77.87%, roughly equal to the maximum SPXC drawdown of -81.12%. Use the drawdown chart below to compare losses from any high point for AZZ and SPXC.
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Drawdown Indicators
| AZZ | SPXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.87% | -81.12% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -18.16% | -23.15% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -33.54% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -46.23% | -38.32% | -7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -68.02% | -50.26% | -17.76% |
Current DrawdownCurrent decline from peak | 0.00% | -3.93% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -31.96% | -29.01% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.26% | 9.04% | -0.78% |
Volatility
AZZ vs. SPXC - Volatility Comparison
AZZ Inc. (AZZ) has a higher volatility of 12.23% compared to SPX Corporation (SPXC) at 11.22%. This indicates that AZZ's price experiences larger fluctuations and is considered to be riskier than SPXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZZ | SPXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 11.22% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | 28.23% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 36.72% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.77% | 35.15% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.71% | 37.47% | -1.76% |
Dividends
AZZ vs. SPXC - Dividend Comparison
AZZ's dividend yield for the trailing twelve months is around 0.53%, while SPXC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZZ AZZ Inc. | 0.53% | 0.69% | 0.83% | 1.17% | 1.69% | 1.23% | 1.43% | 1.48% | 1.68% | 1.33% | 0.97% | 1.08% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
AZZ vs. SPXC - Financials Comparison
This section allows you to compare key financial metrics between AZZ Inc. and SPX 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
AZZ vs. SPXC - Profitability Comparison
AZZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported a gross profit of 87.59M and revenue of 385.10M. Therefore, the gross margin over that period was 22.8%.
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
AZZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported an operating income of 57.13M and revenue of 385.10M, resulting in an operating margin of 14.8%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
AZZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AZZ Inc. reported a net income of 15.93M and revenue of 385.10M, resulting in a net margin of 4.1%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
Frequently Asked Questions
AZZ and SPXC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZZ has higher volatility (12.23%) compared to SPXC (11.22%). In terms of maximum drawdown, AZZ dropped -77.87% vs SPXC's -81.12%.
AZZ currently has the higher Sharpe Ratio (2.07 vs 1.24), 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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