CW vs. PH
CW (Curtiss-Wright Corporation) and PH (Parker-Hannifin Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, CW returned 25.12%/yr vs 25.12%/yr for PH. At a 0.41 correlation, their price movements are largely independent.
Performance
CW vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, CW achieves a 37.55% return, which is significantly higher than PH's 3.21% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: CW at 25.12% and PH at 25.12%.
CW
- 1D
- 0.10%
- 1M
- 0.93%
- YTD
- 37.55%
- 6M
- 38.99%
- 1Y
- 60.13%
- 3Y*
- 63.08%
- 5Y*
- 43.15%
- 10Y*
- 25.12%
PH
- 1D
- 0.12%
- 1M
- 2.39%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 36.66%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
CW vs. PH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CW Curtiss-Wright Corporation | 37.55% | 55.66% | 59.73% | 33.98% | 21.03% | 19.86% | -16.83% | 38.70% | -15.79% | 24.56% |
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between CW and PH is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.41 |
The correlation between CW and PH shifts across timeframes, from 0.41 (all time) to 0.59 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CW:
$28.09B
PH:
$115.65B
CW:
$13.64
PH:
$27.11
CW:
55.58
PH:
33.33
CW:
3.03
PH:
1.41
CW:
7.88
PH:
5.53
CW:
10.67
PH:
7.43
CW:
$3.61B
PH:
$20.99B
CW:
$1.34B
PH:
$7.81B
CW:
$745.31M
PH:
$5.31B
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Return for Risk
CW vs. PH — Risk / Return Rank
CW
PH
CW vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Curtiss-Wright Corporation (CW) and Parker-Hannifin Corporation (PH). 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.
| CW | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 1.90 | +2.76 |
| Martin ratioReturn relative to average drawdown | 13.53 | 5.64 | +7.89 |
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Drawdowns
CW vs. PH - Drawdown Comparison
The maximum CW drawdown since its inception was -59.19%, smaller than the maximum PH drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for CW and PH.
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Drawdown Indicators
| CW | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.19% | -66.92% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -19.34% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.21% | -26.79% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -28.64% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -54.68% | +5.95% |
Current DrawdownCurrent decline from peak | 0.00% | -11.49% | +11.49% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -15.33% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 6.52% | -2.06% |
Volatility
CW vs. PH - Volatility Comparison
Curtiss-Wright Corporation (CW) has a higher volatility of 10.40% compared to Parker-Hannifin Corporation (PH) at 7.58%. This indicates that CW's price experiences larger fluctuations and is considered to be riskier than PH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CW | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.40% | 7.58% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.00% | 18.96% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.95% | 25.10% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.89% | 28.68% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.31% | 31.70% | -1.39% |
Dividends
CW vs. PH - Dividend Comparison
CW's dividend yield for the trailing twelve months is around 0.13%, less than PH's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CW Curtiss-Wright Corporation | 0.13% | 0.17% | 0.23% | 0.35% | 0.45% | 0.51% | 0.58% | 0.47% | 0.59% | 0.46% | 0.53% | 0.76% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
CW vs. PH - Financials Comparison
This section allows you to compare key financial metrics between Curtiss-Wright Corporation and Parker-Hannifin 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
CW vs. PH - Profitability Comparison
CW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a gross profit of 331.48M and revenue of 913.69M. Therefore, the gross margin over that period was 36.3%.
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
CW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported an operating income of 160.42M and revenue of 913.69M, resulting in an operating margin of 17.6%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
CW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a net income of 128.19M and revenue of 913.69M, resulting in a net margin of 14.0%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
Frequently Asked Questions
CW and PH have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CW has higher volatility (10.40%) compared to PH (7.58%). In terms of maximum drawdown, CW dropped -59.19% vs PH's -66.92%.
CW currently has the higher Sharpe Ratio (1.83 vs 1.47), 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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