BMI vs. WTS
BMI (Badger Meter, Inc.) and WTS (Watts Water Technologies, Inc.) are both stocks. Both are in the Industrials sector — BMI in Electrical Equipment & Parts, WTS in Specialty Industrial Machinery. Over the past 10 years, BMI returned 14.38%/yr vs 19.63%/yr for WTS. At a 0.32 correlation, their price movements are largely independent.
Performance
BMI vs. WTS - Performance Comparison
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Returns By Period
In the year-to-date period, BMI achieves a -24.83% return, which is significantly lower than WTS's 14.71% return. Over the past 10 years, BMI has underperformed WTS with an annualized return of 14.38%, while WTS has yielded a comparatively higher 19.63% annualized return.
BMI
- 1D
- 3.01%
- 1M
- 10.34%
- YTD
- -24.83%
- 6M
- -26.08%
- 1Y
- -46.65%
- 3Y*
- -4.36%
- 5Y*
- 7.73%
- 10Y*
- 14.38%
WTS
- 1D
- 0.41%
- 1M
- 6.48%
- YTD
- 14.71%
- 6M
- 16.79%
- 1Y
- 29.91%
- 3Y*
- 22.89%
- 5Y*
- 18.24%
- 10Y*
- 19.63%
BMI vs. WTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | -24.83% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
WTS Watts Water Technologies, Inc. | 14.71% | 36.85% | -1.62% | 43.57% | -24.08% | 60.63% | 23.14% | 56.20% | -14.13% | 17.84% |
Correlation
The correlation between BMI and WTS 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 | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 1986 | 0.32 |
The correlation between BMI and WTS shifts across timeframes, from 0.32 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BMI:
$3.83B
WTS:
$10.57B
BMI:
$4.42
WTS:
$10.95
BMI:
29.46
WTS:
28.82
BMI:
1.23
WTS:
1.35
BMI:
4.29
WTS:
4.13
BMI:
3.94
WTS:
5.04
BMI:
$896.73M
WTS:
$2.56B
BMI:
$370.96M
WTS:
$1.26B
BMI:
$199.34M
WTS:
$556.30M
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Return for Risk
BMI vs. WTS — Risk / Return Rank
BMI
WTS
BMI vs. WTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Badger Meter, Inc. (BMI) and Watts Water Technologies, Inc. (WTS). 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.
| BMI | WTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.24 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.94 | -2.81 |
| Martin ratioReturn relative to average drawdown | -1.43 | 5.04 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BMI | WTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.06 | 1.34 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.66 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.70 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Drawdowns
BMI vs. WTS - Drawdown Comparison
The maximum BMI drawdown since its inception was -68.22%, which is greater than WTS's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for BMI and WTS.
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Drawdown Indicators
| BMI | WTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.22% | -63.68% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -53.91% | -15.45% | -38.46% |
Max Drawdown (3Y)Largest decline over 3 years | -55.06% | -19.54% | -35.52% |
Max Drawdown (5Y)Largest decline over 5 years | -55.06% | -44.08% | -10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | -44.08% | -10.98% |
Current DrawdownCurrent decline from peak | -48.18% | -5.81% | -42.37% |
Average DrawdownAverage peak-to-trough decline | -19.02% | -16.20% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.67% | 5.95% | +26.72% |
Volatility
BMI vs. WTS - Volatility Comparison
Badger Meter, Inc. (BMI) has a higher volatility of 10.39% compared to Watts Water Technologies, Inc. (WTS) at 5.17%. This indicates that BMI's price experiences larger fluctuations and is considered to be riskier than WTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMI | WTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 5.17% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 38.66% | 16.23% | +22.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.19% | 22.52% | +21.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.88% | 27.76% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.70% | 28.22% | +5.48% |
Dividends
BMI vs. WTS - Dividend Comparison
BMI's dividend yield for the trailing twelve months is around 1.23%, more than WTS's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.23% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
WTS Watts Water Technologies, Inc. | 0.69% | 0.72% | 0.81% | 0.66% | 0.79% | 0.52% | 0.76% | 0.90% | 1.27% | 0.99% | 1.09% | 1.33% |
Financials
BMI vs. WTS - Financials Comparison
This section allows you to compare key financial metrics between Badger Meter, Inc. and Watts Water Technologies, 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
BMI vs. WTS - Profitability Comparison
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.
WTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a gross profit of 326.10M and revenue of 677.30M. Therefore, the gross margin over that period was 48.2%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.
WTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported an operating income of 133.00M and revenue of 677.30M, resulting in an operating margin of 19.6%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.
WTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a net income of 99.60M and revenue of 677.30M, resulting in a net margin of 14.7%.
Frequently Asked Questions
BMI and WTS 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.
BMI has higher volatility (10.39%) compared to WTS (5.17%). In terms of maximum drawdown, BMI dropped -68.22% vs WTS's -63.68%.
WTS currently has the higher Sharpe Ratio (1.34 vs -1.06), 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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