CWT vs. PEP
CWT (California Water Service Group) and PEP (PepsiCo, Inc.) are both stocks. CWT operates in Utilities - Regulated Water (Utilities), while PEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, CWT returned 5.57%/yr vs 6.62%/yr for PEP. At a 0.23 correlation, their price movements are largely independent.
Performance
CWT vs. PEP - 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 PEP's 2.49% return. Over the past 10 years, CWT has underperformed PEP with an annualized return of 5.57%, while PEP has yielded a comparatively higher 6.62% annualized return.
CWT
- 1D
- 0.49%
- 1M
- 7.30%
- YTD
- 6.79%
- 6M
- 4.76%
- 1Y
- 1.17%
- 3Y*
- -3.04%
- 5Y*
- -2.91%
- 10Y*
- 5.57%
PEP
- 1D
- 0.38%
- 1M
- -2.23%
- YTD
- 2.49%
- 6M
- -2.36%
- 1Y
- 14.62%
- 3Y*
- -4.09%
- 5Y*
- 2.73%
- 10Y*
- 6.62%
CWT vs. PEP - 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% |
PEP PepsiCo, Inc. | 2.49% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between CWT and PEP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.23 |
The correlation between CWT and PEP shifts across timeframes, from 0.23 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWT:
$2.72B
PEP:
$197.79B
CWT:
$1.99
PEP:
$6.37
CWT:
22.87
PEP:
22.64
CWT:
0.55
PEP:
7.83
CWT:
2.69
PEP:
2.07
CWT:
1.52
PEP:
9.25
CWT:
$1.01B
PEP:
$95.45B
CWT:
$366.63M
PEP:
$51.60B
CWT:
$329.51M
PEP:
$15.08B
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Return for Risk
CWT vs. PEP — Risk / Return Rank
CWT
PEP
CWT vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for California Water Service Group (CWT) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.12 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.83 | -0.80 |
| Martin ratioReturn relative to average drawdown | 0.05 | 2.11 | -2.05 |
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Drawdowns
CWT vs. PEP - Drawdown Comparison
The maximum CWT drawdown since its inception was -38.21%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for CWT and PEP.
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Drawdown Indicators
| CWT | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.21% | -73.92% | +35.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -16.25% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.13% | -29.17% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -30.32% | -7.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -30.32% | -7.89% |
Current DrawdownCurrent decline from peak | -29.87% | -17.75% | -12.12% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -13.65% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 6.37% | +1.36% |
Volatility
CWT vs. PEP - Volatility Comparison
California Water Service Group (CWT) has a higher volatility of 7.70% compared to PepsiCo, Inc. (PEP) at 5.39%. This indicates that CWT's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWT | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 5.39% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 14.62% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 21.71% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.30% | 18.39% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.74% | 19.67% | +8.07% |
Dividends
CWT vs. PEP - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.79%, less than PEP's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEP PepsiCo, Inc. | 3.98% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
CWT vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between California Water Service Group and PepsiCo, Inc.. 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. PEP - 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%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
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%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, 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%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
Frequently Asked Questions
CWT and PEP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWT has higher volatility (7.70%) compared to PEP (5.39%). In terms of maximum drawdown, CWT dropped -38.21% vs PEP's -73.92%.
PEP currently has the higher Sharpe Ratio (0.62 vs 0.02), 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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