CMI vs. WAT
Compare and contrast key facts about Cummins Inc. (CMI) and Waters Corporation (WAT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMI or WAT.
Correlation
The correlation between CMI and WAT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CMI vs. WAT - Performance Comparison
Key characteristics
CMI:
1.91
WAT:
0.34
CMI:
2.80
WAT:
0.84
CMI:
1.34
WAT:
1.10
CMI:
3.80
WAT:
0.35
CMI:
11.03
WAT:
1.27
CMI:
4.20%
WAT:
9.30%
CMI:
24.22%
WAT:
34.48%
CMI:
-75.66%
WAT:
-80.12%
CMI:
-8.79%
WAT:
-15.13%
Fundamentals
CMI:
$49.55B
WAT:
$22.19B
CMI:
$15.28
WAT:
$10.47
CMI:
23.64
WAT:
35.69
CMI:
0.72
WAT:
3.51
CMI:
$34.20B
WAT:
$2.91B
CMI:
$8.34B
WAT:
$1.69B
CMI:
$4.44B
WAT:
$1.04B
Returns By Period
In the year-to-date period, CMI achieves a 49.39% return, which is significantly higher than WAT's 9.48% return. Both investments have delivered pretty close results over the past 10 years, with CMI having a 12.30% annualized return and WAT not far behind at 12.12%.
CMI
49.39%
-2.88%
27.03%
48.80%
17.10%
12.30%
WAT
9.48%
1.40%
22.43%
9.56%
9.12%
12.12%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CMI vs. WAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Waters Corporation (WAT). 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.
Dividends
CMI vs. WAT - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 2.00%, while WAT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 2.00% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% | 1.95% | 1.60% |
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMI vs. WAT - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum WAT drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for CMI and WAT. For additional features, visit the drawdowns tool.
Volatility
CMI vs. WAT - Volatility Comparison
The current volatility for Cummins Inc. (CMI) is 5.79%, while Waters Corporation (WAT) has a volatility of 8.16%. This indicates that CMI experiences smaller price fluctuations and is considered to be less risky than WAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CMI vs. WAT - Financials Comparison
This section allows you to compare key financial metrics between Cummins Inc. and Waters 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