ERIE vs. WAB
ERIE (Erie Indemnity Company) and WAB (Westinghouse Air Brake Technologies Corporation) are both stocks. ERIE operates in Insurance Brokers (Financial Services), while WAB operates in Railroads (Industrials). Over the past 10 years, ERIE returned 10.07%/yr vs 13.78%/yr for WAB. At a 0.25 correlation, their price movements are largely independent.
Performance
ERIE vs. WAB - Performance Comparison
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Returns By Period
In the year-to-date period, ERIE achieves a -26.91% return, which is significantly lower than WAB's 23.41% return. Over the past 10 years, ERIE has underperformed WAB with an annualized return of 10.07%, while WAB has yielded a comparatively higher 13.78% annualized return.
ERIE
- 1D
- -0.14%
- 1M
- -1.62%
- YTD
- -26.91%
- 6M
- -29.26%
- 1Y
- -41.67%
- 3Y*
- -0.02%
- 5Y*
- 3.12%
- 10Y*
- 10.07%
WAB
- 1D
- -0.65%
- 1M
- 0.34%
- YTD
- 23.41%
- 6M
- 23.41%
- 1Y
- 29.72%
- 3Y*
- 39.68%
- 5Y*
- 26.68%
- 10Y*
- 13.78%
ERIE vs. WAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | -26.91% | -29.40% | 24.67% | 37.35% | 32.03% | -19.98% | 52.39% | 27.08% | 12.54% | 11.23% |
WAB Westinghouse Air Brake Technologies Corporation | 23.41% | 13.15% | 50.14% | 27.96% | 9.07% | 26.53% | -5.23% | 11.46% | -13.26% | -1.36% |
Correlation
The correlation between ERIE and WAB is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 1995 | 0.25 |
The correlation between ERIE and WAB shifts across timeframes, from 0.19 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ERIE:
$14.49
WAB:
$7.07
ERIE:
14.30
WAB:
37.14
ERIE:
0.74
WAB:
1.57
ERIE:
1.89
WAB:
3.91
ERIE:
$4.33B
WAB:
$11.51B
ERIE:
$784.17M
WAB:
$3.89B
ERIE:
$715.87M
WAB:
$2.33B
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Return for Risk
ERIE vs. WAB — Risk / Return Rank
ERIE
WAB
ERIE vs. WAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Erie Indemnity Company (ERIE) 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.
| ERIE | WAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.23 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.25 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.80 | 4.98 | -6.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERIE | WAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.39 | 1.26 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.04 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.44 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.35 | -0.12 |
Drawdowns
ERIE vs. WAB - Drawdown Comparison
The maximum ERIE drawdown since its inception was -78.28%, which is greater than WAB's maximum drawdown of -71.85%. Use the drawdown chart below to compare losses from any high point for ERIE and WAB.
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Drawdown Indicators
| ERIE | WAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.28% | -71.85% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -43.16% | -13.29% | -29.87% |
Max Drawdown (3Y)Largest decline over 3 years | -60.87% | -23.55% | -37.32% |
Max Drawdown (5Y)Largest decline over 5 years | -60.87% | -23.55% | -37.32% |
Max Drawdown (10Y)Largest decline over 10 years | -60.87% | -64.08% | +3.21% |
Current DrawdownCurrent decline from peak | -60.87% | -2.89% | -57.98% |
Average DrawdownAverage peak-to-trough decline | -33.55% | -23.98% | -9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.13% | 5.98% | +17.15% |
Volatility
ERIE vs. WAB - Volatility Comparison
Erie Indemnity Company (ERIE) has a higher volatility of 8.99% compared to Westinghouse Air Brake Technologies Corporation (WAB) at 7.31%. This indicates that ERIE's price experiences larger fluctuations and is considered to be riskier 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
| ERIE | WAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 7.31% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 23.06% | 17.98% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.99% | 23.63% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 25.82% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.11% | 31.34% | -2.23% |
Dividends
ERIE vs. WAB - Dividend Comparison
ERIE's dividend yield for the trailing twelve months is around 2.73%, more than WAB's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 2.73% | 1.90% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% |
WAB Westinghouse Air Brake Technologies Corporation | 0.43% | 0.47% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% |
Financials
ERIE vs. WAB - Financials Comparison
This section allows you to compare key financial metrics between Erie Indemnity Company 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
ERIE vs. WAB - Profitability Comparison
ERIE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported a gross profit of 0.00 and revenue of 1.01B. 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 Jun 2026, Westinghouse Air Brake Technologies Corporation reported a gross profit of 1.06B and revenue of 2.95B. Therefore, the gross margin over that period was 36.0%.
ERIE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported an operating income of 166.79M and revenue of 1.01B, resulting in an operating margin of 16.5%.
WAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Westinghouse Air Brake Technologies Corporation reported an operating income of 517.00M and revenue of 2.95B, resulting in an operating margin of 17.5%.
ERIE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported a net income of 150.47M and revenue of 1.01B, resulting in a net margin of 14.9%.
WAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Westinghouse Air Brake Technologies Corporation reported a net income of 362.00M and revenue of 2.95B, resulting in a net margin of 12.3%.
Frequently Asked Questions
ERIE and WAB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIE has higher volatility (8.99%) compared to WAB (7.31%). In terms of maximum drawdown, ERIE dropped -78.28% vs WAB's -71.85%.
WAB currently has the higher Sharpe Ratio (1.26 vs -1.39), 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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