CWT vs. ABT
CWT (California Water Service Group) and ABT (Abbott Laboratories) are both stocks. CWT operates in Utilities - Regulated Water (Utilities), while ABT operates in Medical Devices (Healthcare). Over the past 10 years, CWT returned 5.57%/yr vs 10.94%/yr for ABT. At a 0.21 correlation, their price movements are largely independent.
Performance
CWT vs. ABT - Performance Comparison
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Returns By Period
In the year-to-date period, CWT achieves a 6.79% return, which is significantly higher than ABT's -28.82% return. Over the past 10 years, CWT has underperformed ABT with an annualized return of 5.57%, while ABT has yielded a comparatively higher 10.94% annualized return.
CWT
- 1D
- 0.49%
- 1M
- 5.22%
- YTD
- 6.79%
- 6M
- 4.76%
- 1Y
- 0.41%
- 3Y*
- -3.04%
- 5Y*
- -2.91%
- 10Y*
- 5.57%
ABT
- 1D
- -1.64%
- 1M
- 5.19%
- YTD
- -28.82%
- 6M
- -28.92%
- 1Y
- -34.06%
- 3Y*
- -2.76%
- 5Y*
- -2.50%
- 10Y*
- 10.94%
CWT vs. ABT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 6.79% | -1.81% | -10.64% | -12.83% | -14.13% | 35.05% | 6.68% | 9.85% | 7.06% | 36.39% |
ABT Abbott Laboratories | -28.82% | 12.87% | 4.81% | 2.26% | -20.68% | 30.53% | 28.04% | 22.08% | 29.06% | 52.03% |
Correlation
The correlation between CWT and ABT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.21 |
The correlation between CWT and ABT shifts across timeframes, from 0.21 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWT:
$2.72B
ABT:
$154.05B
CWT:
$1.99
ABT:
$3.59
CWT:
22.87
ABT:
24.57
CWT:
0.55
ABT:
1.53
CWT:
2.69
ABT:
3.42
CWT:
1.52
ABT:
2.33
CWT:
$1.01B
ABT:
$45.13B
CWT:
$366.63M
ABT:
$25.45B
CWT:
$329.51M
ABT:
$10.80B
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Return for Risk
CWT vs. ABT — Risk / Return Rank
CWT
ABT
CWT vs. ABT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for California Water Service Group (CWT) and Abbott Laboratories (ABT). 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.
| CWT | ABT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.75 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.88 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.05 | -1.92 | +1.97 |
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Drawdowns
CWT vs. ABT - Drawdown Comparison
The maximum CWT drawdown since its inception was -38.21%, smaller than the maximum ABT drawdown of -45.66%. Use the drawdown chart below to compare losses from any high point for CWT and ABT.
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Drawdown Indicators
| CWT | ABT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.21% | -45.66% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -38.99% | +24.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.13% | -39.64% | +15.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -39.64% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -39.64% | +1.43% |
Current DrawdownCurrent decline from peak | -29.87% | -35.53% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -10.84% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 17.75% | -10.02% |
Volatility
CWT vs. ABT - Volatility Comparison
California Water Service Group (CWT) and Abbott Laboratories (ABT) have volatilities of 7.70% and 7.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWT | ABT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 7.71% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 19.48% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 24.51% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.30% | 22.06% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.74% | 23.67% | +4.07% |
Dividends
CWT vs. ABT - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.79%, which matches ABT's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABT Abbott Laboratories | 2.77% | 1.88% | 1.95% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% |
CWT California Water Service Group | 2.79% | 2.86% | 2.47% | 2.01% | 1.65% | 1.28% | 1.57% | 1.53% | 1.57% | 1.59% | 2.04% | 2.88% |
Financials
CWT vs. ABT - Financials Comparison
This section allows you to compare key financial metrics between California Water Service Group and Abbott Laboratories. 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
CWT vs. ABT - Profitability Comparison
CWT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported a gross profit of 0.00 and revenue of 214.57M. Therefore, the gross margin over that period was 0.0%.
ABT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Abbott Laboratories reported a gross profit of 6.28B and revenue of 11.16B. Therefore, the gross margin over that period was 56.3%.
CWT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported an operating income of 18.16M and revenue of 214.57M, resulting in an operating margin of 8.5%.
ABT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Abbott Laboratories reported an operating income of 1.84B and revenue of 11.16B, resulting in an operating margin of 16.5%.
CWT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported a net income of 4.04M and revenue of 214.57M, resulting in a net margin of 1.9%.
ABT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Abbott Laboratories reported a net income of 1.08B and revenue of 11.16B, resulting in a net margin of 9.7%.
Frequently Asked Questions
CWT and ABT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABT has higher volatility (7.71%) compared to CWT (7.70%). In terms of maximum drawdown, CWT dropped -38.21% vs ABT's -45.66%.
CWT currently has the higher Sharpe Ratio (0.02 vs -1.40), 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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