CWT vs. AWR
CWT (California Water Service Group) and AWR (American States Water Company) are both stocks. Both operate in the Utilities - Regulated Water industry within the Utilities sector. Over the past 10 years, CWT returned 5.12%/yr vs 8.43%/yr for AWR. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
CWT vs. AWR - Performance Comparison
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Returns By Period
In the year-to-date period, CWT achieves a 5.92% return, which is significantly lower than AWR's 8.62% return. Over the past 10 years, CWT has underperformed AWR with an annualized return of 5.12%, while AWR has yielded a comparatively higher 8.43% annualized return.
CWT
- 1D
- 0.00%
- 1M
- 2.84%
- YTD
- 5.92%
- 6M
- 6.05%
- 1Y
- 0.09%
- 3Y*
- -1.05%
- 5Y*
- -2.01%
- 10Y*
- 5.12%
AWR
- 1D
- 0.71%
- 1M
- 1.33%
- YTD
- 8.62%
- 6M
- 6.85%
- 1Y
- 2.61%
- 3Y*
- -0.47%
- 5Y*
- 1.66%
- 10Y*
- 8.43%
CWT vs. AWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 5.92% | -1.81% | -10.64% | -12.83% | -14.13% | 35.05% | 6.68% | 9.85% | 7.06% | 36.39% |
AWR American States Water Company | 8.62% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
Correlation
The correlation between CWT and AWR is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.51 |
Over the past year, CWT and AWR have become more correlated (0.87) than their long-term average of 0.51, meaning their price movements have been converging.
Fundamentals
CWT:
$2.70B
AWR:
$3.05B
CWT:
$1.99
AWR:
$3.44
CWT:
22.68
AWR:
22.57
CWT:
0.55
AWR:
2.13
CWT:
2.67
AWR:
4.44
CWT:
1.51
AWR:
2.86
CWT:
$1.01B
AWR:
$679.25M
CWT:
$366.63M
AWR:
$303.17M
CWT:
$329.51M
AWR:
$233.31M
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Return for Risk
CWT vs. AWR — Risk / Return Rank
CWT
AWR
CWT vs. AWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for California Water Service Group (CWT) and American States Water Company (AWR). 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 | AWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.23 | -0.22 |
| Martin ratioReturn relative to average drawdown | 0.01 | 0.41 | -0.39 |
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Drawdowns
CWT vs. AWR - Drawdown Comparison
The maximum CWT drawdown since its inception was -38.21%, roughly equal to the maximum AWR drawdown of -37.39%. Use the drawdown chart below to compare losses from any high point for CWT and AWR.
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Drawdown Indicators
| CWT | AWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.21% | -37.39% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -11.55% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.13% | -24.74% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -32.85% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -32.85% | -5.36% |
Current DrawdownCurrent decline from peak | -30.44% | -17.16% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -11.71% | -10.81% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 6.44% | +1.36% |
Volatility
CWT vs. AWR - Volatility Comparison
California Water Service Group (CWT) has a higher volatility of 7.33% compared to American States Water Company (AWR) at 5.81%. This indicates that CWT's price experiences larger fluctuations and is considered to be riskier than AWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWT | AWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 5.81% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 15.35% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.24% | 20.40% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.24% | 22.65% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.74% | 26.18% | +1.56% |
Dividends
CWT vs. AWR - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.81%, more than AWR's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.60% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
CWT California Water Service Group | 2.81% | 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. AWR - Financials Comparison
This section allows you to compare key financial metrics between California Water Service Group and American States Water Company. 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. AWR - 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%.
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
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%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
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%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
Frequently Asked Questions
CWT and AWR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWT has higher volatility (7.33%) compared to AWR (5.81%). In terms of maximum drawdown, CWT dropped -38.21% vs AWR's -37.39%.
AWR currently has the higher Sharpe Ratio (0.13 vs 0.00), 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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