ETN vs. IR
ETN (Eaton Corporation plc) and IR (Ingersoll-Rand Plc) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 5 years, ETN returned 24.42%/yr vs 8.86%/yr for IR. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
ETN vs. IR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETN achieves a 27.32% return, which is significantly higher than IR's -8.49% return.
ETN
- 1D
- 1.82%
- 1M
- 0.41%
- YTD
- 27.32%
- 6M
- 18.09%
- 1Y
- 23.03%
- 3Y*
- 30.80%
- 5Y*
- 24.42%
- 10Y*
- 23.50%
IR
- 1D
- 0.29%
- 1M
- -4.32%
- YTD
- -8.49%
- 6M
- -8.59%
- 1Y
- -12.74%
- 3Y*
- 5.18%
- 5Y*
- 8.86%
- 10Y*
- —
ETN vs. IR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 27.32% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 4.65% |
IR Ingersoll-Rand Plc | -8.49% | -12.34% | 17.06% | 48.21% | -15.41% | 35.85% | 24.21% | 92.80% | -39.73% | 60.81% |
Correlation
The correlation between ETN and IR 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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 15, 2017 | 0.64 |
The correlation between ETN and IR shifts across timeframes, from 0.50 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ETN:
$10.22
IR:
$1.96
ETN:
39.43
IR:
36.93
ETN:
2.14
IR:
8.78
ETN:
5.52
IR:
2.79
ETN:
$28.52B
IR:
$7.78B
ETN:
$7.87B
IR:
$2.98B
ETN:
$4.75B
IR:
$1.55B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETN vs. IR — Risk / Return Rank
ETN
IR
ETN vs. IR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) and Ingersoll-Rand Plc (IR). 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.
| ETN | IR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.96 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.42 | +1.63 |
| Martin ratioReturn relative to average drawdown | 2.63 | -0.97 | +3.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETN | IR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | -0.39 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.30 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.45 | -0.03 |
Drawdowns
ETN vs. IR - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, which is greater than IR's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for ETN and IR.
Loading charts...
Drawdown Indicators
| ETN | IR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.95% | -50.27% | -18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -30.56% | +11.42% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -36.62% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -36.62% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -31.12% | +24.48% |
Average DrawdownAverage peak-to-trough decline | -14.90% | -12.81% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.78% | 13.12% | -4.34% |
Volatility
ETN vs. IR - Volatility Comparison
Eaton Corporation plc (ETN) has a higher volatility of 12.39% compared to Ingersoll-Rand Plc (IR) at 7.68%. This indicates that ETN's price experiences larger fluctuations and is considered to be riskier than IR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETN | IR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.39% | 7.68% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 25.71% | 25.01% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.58% | 32.94% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 29.98% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.01% | 34.33% | -4.32% |
Dividends
ETN vs. IR - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.06%, more than IR's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.06% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
IR Ingersoll-Rand Plc | 0.11% | 0.10% | 0.09% | 0.10% | 0.15% | 0.03% | 0.00% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ETN vs. IR - Financials Comparison
This section allows you to compare key financial metrics between Eaton Corporation plc and Ingersoll-Rand Plc. 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
ETN vs. IR - Profitability Comparison
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.
IR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported a gross profit of 792.40M and revenue of 1.85B. Therefore, the gross margin over that period was 42.9%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 0.0%.
IR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported an operating income of 289.70M and revenue of 1.85B, resulting in an operating margin of 15.7%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.
IR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported a net income of 192.10M and revenue of 1.85B, resulting in a net margin of 10.4%.
Frequently Asked Questions
ETN and IR 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.
ETN has higher volatility (12.39%) compared to IR (7.68%). In terms of maximum drawdown, ETN dropped -68.95% vs IR's -50.27%.
ETN currently has the higher Sharpe Ratio (0.71 vs -0.39), 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.
Find the right allocation for ETN and IR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer