CSX vs. WAB
CSX (CSX Corporation) and WAB (Westinghouse Air Brake Technologies Corporation) are both stocks. Both operate in the Railroads industry within the Industrials sector. Over the past 10 years, CSX returned 20.19%/yr vs 16.31%/yr for WAB. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
CSX vs. WAB - Performance Comparison
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Returns By Period
In the year-to-date period, CSX achieves a 39.92% return, which is significantly higher than WAB's 36.60% return. Over the past 10 years, CSX has outperformed WAB with an annualized return of 20.19%, while WAB has yielded a comparatively lower 16.31% annualized return.
CSX
- 1D
- 0.42%
- 1M
- 3.09%
- 6M
- 34.32%
- YTD
- 39.92%
- 1Y
- 45.99%
- 3Y*
- 16.45%
- 5Y*
- 10.79%
- 10Y*
- 20.19%
- ALL TIME*
- 13.21%
WAB
- 1D
- -0.55%
- 1M
- 10.93%
- 6M
- 26.69%
- YTD
- 36.60%
- 1Y
- 56.40%
- 3Y*
- 35.33%
- 5Y*
- 28.65%
- 10Y*
- 16.31%
- ALL TIME*
- 12.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $844.52M | $695.06M | $623.95M | |
| $398.60M | $285.84M | $258.66M |
CSX vs. WAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSX CSX Corporation | 39.92% | 14.13% | -5.65% | 13.51% | -16.58% | 25.70% | 27.09% | 18.06% | 14.47% | 55.48% |
WAB Westinghouse Air Brake Technologies Corporation | 36.60% | 13.15% | 50.14% | 27.96% | 9.07% | 26.53% | -5.23% | 11.46% | -13.26% | -1.36% |
Correlation
The correlation between CSX and WAB is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1995 | 0.45 |
The correlation between CSX and WAB has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
CSX:
$93.36B
WAB:
$49.13B
CSX:
$1.73
WAB:
$7.40
CSX:
29.13
WAB:
39.29
CSX:
6.47
WAB:
4.15
CSX:
6.65
WAB:
4.40
CSX:
$14.51B
WAB:
$11.98B
CSX:
$4.03B
WAB:
$4.11B
CSX:
$5.64B
WAB:
$2.43B
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Return for Risk
CSX vs. WAB — Risk / Return Rank
CSX
WAB
CSX vs. WAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CSX Corporation (CSX) and Westinghouse Air Brake Technologies Corporation (WAB). 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.
| CSX | WAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.84 | -1.13 |
| Martin ratioReturn relative to average drawdown | 9.75 | 14.17 | -4.42 |
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Drawdowns
CSX vs. WAB - Drawdown Comparison
The maximum CSX drawdown since its inception was -69.19%, roughly equal to the maximum WAB drawdown of -71.85%. Use the drawdown chart below to compare losses from any high point for CSX and WAB.
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Drawdown Indicators
| CSX | WAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.19% | -71.85% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -10.85% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.44% | -23.55% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -23.55% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -64.08% | +23.53% |
Current DrawdownCurrent decline from peak | -5.32% | -4.88% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -23.88% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 3.71% | +0.80% |
Volatility
CSX vs. WAB - Volatility Comparison
The current volatility for CSX Corporation (CSX) is 7.88%, while Westinghouse Air Brake Technologies Corporation (WAB) has a volatility of 11.91%. This indicates that CSX experiences smaller price fluctuations and is considered to be less risky than WAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSX | WAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 11.91% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 21.75% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 26.50% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.47% | 26.29% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.76% | 31.43% | -3.67% |
Dividends
CSX vs. WAB - Dividend Comparison
CSX's dividend yield for the trailing twelve months is around 1.07%, more than WAB's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSX CSX Corporation | 1.07% | 1.43% | 1.49% | 1.27% | 1.29% | 0.99% | 1.15% | 1.33% | 1.42% | 1.42% | 2.00% | 2.70% |
WAB Westinghouse Air Brake Technologies Corporation | 0.39% | 0.47% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% |
Financials
CSX vs. WAB - Financials Comparison
This section allows you to compare key financial metrics between CSX Corporation and Westinghouse Air Brake Technologies 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
CSX vs. WAB - Profitability Comparison
CSX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CSX Corporation reported a gross profit of 0.00 and revenue of 3.94B. Therefore, the gross margin over that period was 0.0%.
WAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Westinghouse Air Brake Technologies Corporation reported a gross profit of 1.16B and revenue of 3.18B. Therefore, the gross margin over that period was 36.5%.
CSX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CSX Corporation reported an operating income of 1.51B and revenue of 3.94B, resulting in an operating margin of 38.3%.
WAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Westinghouse Air Brake Technologies Corporation reported an operating income of 600.00M and revenue of 3.18B, resulting in an operating margin of 18.9%.
CSX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CSX Corporation reported a net income of 1.00B and revenue of 3.94B, resulting in a net margin of 25.5%.
WAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Westinghouse Air Brake Technologies Corporation reported a net income of 390.00M and revenue of 3.18B, resulting in a net margin of 12.3%.
Frequently Asked Questions
CSX and WAB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAB has higher volatility (11.91%) compared to CSX (7.88%). In terms of maximum drawdown, CSX dropped -69.19% vs WAB's -71.85%.
WAB currently has the higher Sharpe Ratio (1.98 vs 1.91), 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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