FBIN vs. WMS

Last updated Jun 3, 2026

FBIN (Fortune Brands Innovations Inc.) and WMS (Advanced Drainage Systems, Inc.) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, FBIN returned -0.94%/yr vs 20.11%/yr for WMS. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

FBIN vs. WMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortune Brands Innovations Inc. (FBIN) and Advanced Drainage Systems, Inc. (WMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBIN achieves a -20.66% return, which is significantly lower than WMS's -6.10% return. Over the past 10 years, FBIN has underperformed WMS with an annualized return of -0.94%, while WMS has yielded a comparatively higher 20.11% annualized return.

FBIN

• 1D: 0.33%
• 1M: -1.05%
• YTD: -20.66%
• 6M: -22.75%
• 1Y: -18.15%
• 3Y*: -13.77%
• 5Y*: -13.39%
• 10Y*: -0.94%

WMS

• 1D: 0.01%
• 1M: -7.78%
• YTD: -6.10%
• 6M: -10.40%
• 1Y: 27.15%
• 3Y*: 9.65%
• 5Y*: 4.83%
• 10Y*: 20.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBIN vs. WMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBIN Fortune Brands Innovations Inc.	-20.66%	-25.41%	-9.12%	35.25%	-36.48%	26.02%	32.92%	74.91%	-43.66%	29.52%
WMS Advanced Drainage Systems, Inc.	-6.10%	25.97%	-17.48%	72.44%	-39.53%	63.46%	116.70%	67.74%	2.78%	17.27%

Correlation

The correlation between FBIN and WMS is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jul 28, 2014	0.54

The correlation between FBIN and WMS shifts across timeframes, from 0.54 (all time) to 0.67 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS FBIN : $2.15 WMS : $5.45
PE Ratio FBIN : 18.24 WMS : 24.91
PS Ratio FBIN : 1.06 WMS : 3.33
Total Revenue (TTM) FBIN : $3.36B WMS : $3.19B
Gross Profit (TTM) FBIN : $1.53B WMS : $1.27B
EBITDA (TTM) FBIN : $484.60M WMS : $586.61M

Return for Risk

FBIN vs. WMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBIN

FBIN Risk / Return Rank: 23
FBIN Sharpe Ratio Rank: 22
FBIN Sortino Ratio Rank: 22
FBIN Omega Ratio Rank: 22
FBIN Calmar Ratio Rank: 26
FBIN Martin Ratio Rank: 21

WMS

WMS Risk / Return Rank: 61
WMS Sharpe Ratio Rank: 63
WMS Sortino Ratio Rank: 62
WMS Omega Ratio Rank: 57
WMS Calmar Ratio Rank: 60
WMS Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBIN vs. WMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortune Brands Innovations Inc. (FBIN) and Advanced Drainage Systems, Inc. (WMS). 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.

	FBIN	WMS	Difference
Sharpe ratio Return per unit of total volatility	-0.43	0.70	-1.13
Sortino ratio Return per unit of downside risk	-0.36	1.37	-1.72
Omega ratio Gain probability vs. loss probability	0.96	1.15	-0.20
Calmar ratio Return relative to maximum drawdown	-0.43	0.96	-1.39
Martin ratio Return relative to average drawdown	-0.94	2.38	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBIN vs. WMS - Sharpe Ratio Comparison

The current FBIN Sharpe Ratio is -0.43, which is lower than the WMS Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of FBIN and WMS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBIN	WMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	0.70	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	0.12	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	0.48	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.51	-0.20

Drawdowns

FBIN vs. WMS - Drawdown Comparison

The maximum FBIN drawdown since its inception was -62.42%, which is greater than WMS's maximum drawdown of -53.58%. Use the drawdown chart below to compare losses from any high point for FBIN and WMS.

Drawdown Indicators

	FBIN	WMS	Difference
Max Drawdown Largest peak-to-trough decline	-62.42%	-53.58%	-8.84%
Max Drawdown (1Y) Largest decline over 1 year	-47.93%	-24.96%	-22.97%
Max Drawdown (3Y) Largest decline over 3 years	-61.90%	-45.75%	-16.15%
Max Drawdown (5Y) Largest decline over 5 years	-61.90%	-50.12%	-11.78%
Max Drawdown (10Y) Largest decline over 10 years	-62.42%	-53.58%	-8.84%
Current Drawdown Current decline from peak	-55.56%	-23.47%	-32.09%
Average Drawdown Average peak-to-trough decline	-16.65%	-17.89%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.87%	10.08%	+11.79%

Volatility

FBIN vs. WMS - Volatility Comparison

Fortune Brands Innovations Inc. (FBIN) has a higher volatility of 13.31% compared to Advanced Drainage Systems, Inc. (WMS) at 11.23%. This indicates that FBIN's price experiences larger fluctuations and is considered to be riskier than WMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBIN	WMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	11.23%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	35.63%	25.43%	+10.20%
Volatility (1Y) Calculated over the trailing 1-year period	42.82%	39.03%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.50%	42.00%	-5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.05%	41.62%	-6.57%

Dividends

FBIN vs. WMS - Dividend Comparison

FBIN's dividend yield for the trailing twelve months is around 2.60%, more than WMS's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBIN Fortune Brands Innovations Inc.	2.60%	2.00%	1.40%	1.21%	1.68%	0.97%	1.12%	1.35%	2.11%	1.05%	1.20%	1.01%
WMS Advanced Drainage Systems, Inc.	0.55%	0.48%	0.54%	0.38%	0.57%	0.31%	0.43%	3.48%	1.28%	1.13%	1.12%	0.79%

Financials

FBIN vs. WMS - Profitability Comparison

The chart below illustrates the profitability comparison between Fortune Brands Innovations Inc. and Advanced Drainage Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FBIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortune Brands Innovations Inc. reported a gross profit of 0.00 and revenue of -66.20M. Therefore, the gross margin over that period was 0.0%.

WMS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported a gross profit of 354.44M and revenue of 816.10M. Therefore, the gross margin over that period was 43.4%.

FBIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortune Brands Innovations Inc. reported an operating income of -61.40M and revenue of -66.20M, resulting in an operating margin of 92.8%.

WMS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported an operating income of 53.25M and revenue of 816.10M, resulting in an operating margin of 6.5%.

FBIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortune Brands Innovations Inc. reported a net income of -52.20M and revenue of -66.20M, resulting in a net margin of 78.9%.

WMS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported a net income of 32.90M and revenue of 816.10M, resulting in a net margin of 4.0%.

Frequently Asked Questions

Can I hold both FBIN and WMS in my portfolio?

FBIN and WMS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBIN or WMS?

FBIN has higher volatility (13.31%) compared to WMS (11.23%). In terms of maximum drawdown, FBIN dropped -62.42% vs WMS's -53.58%.

Which has better risk-adjusted returns?

WMS currently has the higher Sharpe Ratio (0.70 vs -0.43), 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.