ETN vs. OMAB
ETN (Eaton Corporation plc) and OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) are both stocks. Both are in the Industrials sector — ETN in Specialty Industrial Machinery, OMAB in Airports & Air Services. Over the past 10 years, ETN returned 23.38%/yr vs 13.30%/yr for OMAB. At a 0.31 correlation, their price movements are largely independent.
Performance
ETN vs. OMAB - Performance Comparison
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Returns By Period
In the year-to-date period, ETN achieves a 23.61% return, which is significantly higher than OMAB's -3.71% return. Over the past 10 years, ETN has outperformed OMAB with an annualized return of 23.38%, while OMAB has yielded a comparatively lower 13.30% annualized return.
ETN
- 1D
- -0.57%
- 1M
- -3.82%
- YTD
- 23.61%
- 6M
- 18.59%
- 1Y
- 19.85%
- 3Y*
- 28.04%
- 5Y*
- 23.65%
- 10Y*
- 23.38%
OMAB
- 1D
- 2.59%
- 1M
- -1.07%
- YTD
- -3.71%
- 6M
- -4.20%
- 1Y
- 1.82%
- 3Y*
- 11.21%
- 5Y*
- 22.34%
- 10Y*
- 13.30%
ETN vs. OMAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 23.61% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 21.54% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -3.71% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
Correlation
The correlation between ETN and OMAB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006 | 0.31 |
The correlation between ETN and OMAB shifts across timeframes, from 0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ETN:
$152.33B
OMAB:
$4.91B
ETN:
$10.22
OMAB:
MX$109.59
ETN:
38.28
OMAB:
16.01
ETN:
2.08
OMAB:
0.88
ETN:
5.36
OMAB:
5.23
ETN:
7.71
OMAB:
6.78
ETN:
$28.52B
OMAB:
MX$16.21B
ETN:
$7.87B
OMAB:
MX$12.07B
ETN:
$4.75B
OMAB:
MX$9.83B
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Return for Risk
ETN vs. OMAB — Risk / Return Rank
ETN
OMAB
ETN vs. OMAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB). 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.
| ETN | OMAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.07 | +0.97 |
| Martin ratioReturn relative to average drawdown | 2.25 | 0.15 | +2.09 |
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Drawdowns
ETN vs. OMAB - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, smaller than the maximum OMAB drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for ETN and OMAB.
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Drawdown Indicators
| ETN | OMAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.95% | -77.75% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -26.87% | +7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -41.78% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -41.78% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | -68.88% | +24.33% |
Current DrawdownCurrent decline from peak | -9.36% | -22.41% | +13.05% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -22.70% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.86% | 11.82% | -2.96% |
Volatility
ETN vs. OMAB - Volatility Comparison
Eaton Corporation plc (ETN) has a higher volatility of 13.57% compared to Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) at 8.11%. This indicates that ETN's price experiences larger fluctuations and is considered to be riskier than OMAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETN | OMAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 8.11% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 26.78% | 22.71% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 29.68% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 35.78% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 38.28% | -8.18% |
Dividends
ETN vs. OMAB - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.09%, less than OMAB's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.09% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.34% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
ETN vs. OMAB - Financials Comparison
This section allows you to compare key financial metrics between Eaton Corporation plc and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.. 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. OMAB - 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%.
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.64B and revenue of 3.82B. Therefore, the gross margin over that period was 69.2%.
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%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.08B and revenue of 3.82B, resulting in an operating margin of 54.5%.
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%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.23B and revenue of 3.82B, resulting in a net margin of 32.3%.
Frequently Asked Questions
ETN and OMAB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (13.57%) compared to OMAB (8.11%). In terms of maximum drawdown, ETN dropped -68.95% vs OMAB's -77.75%.
ETN currently has the higher Sharpe Ratio (0.60 vs 0.06), 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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