GPK vs. APD
GPK (Graphic Packaging Holding Company) and APD (Air Products and Chemicals, Inc.) are both stocks. GPK operates in Packaging & Containers (Consumer Cyclical), while APD operates in Specialty Chemicals (Basic Materials). Over the past 10 years, GPK returned -0.08%/yr vs 9.95%/yr for APD. At a 0.30 correlation, their price movements are largely independent.
Performance
GPK vs. APD - Performance Comparison
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Returns By Period
In the year-to-date period, GPK achieves a -31.33% return, which is significantly lower than APD's 16.17% return. Over the past 10 years, GPK has underperformed APD with an annualized return of -0.08%, while APD has yielded a comparatively higher 9.95% annualized return.
GPK
- 1D
- -5.51%
- 1M
- 0.54%
- YTD
- -31.33%
- 6M
- -32.50%
- 1Y
- -50.47%
- 3Y*
- -22.92%
- 5Y*
- -8.82%
- 10Y*
- -0.08%
APD
- 1D
- 1.03%
- 1M
- -2.20%
- YTD
- 16.17%
- 6M
- 17.23%
- 1Y
- 7.47%
- 3Y*
- 2.23%
- 5Y*
- 1.98%
- 10Y*
- 9.95%
GPK vs. APD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPK Graphic Packaging Holding Company | -31.33% | -43.33% | 11.73% | 12.65% | 15.87% | 16.97% | 3.93% | 59.84% | -29.60% | 28.07% |
APD Air Products and Chemicals, Inc. | 16.17% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
Correlation
The correlation between GPK and APD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 1992 | 0.30 |
The correlation between GPK and APD shifts across timeframes, from 0.27 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GPK:
$3.00B
APD:
$63.11B
GPK:
$0.92
APD:
$9.45
GPK:
11.01
APD:
29.95
GPK:
0.30
APD:
1.39
GPK:
0.35
APD:
5.06
GPK:
0.92
APD:
4.03
GPK:
$8.65B
APD:
$12.46B
GPK:
$1.16B
APD:
$3.99B
GPK:
$1.01B
APD:
$4.36B
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Return for Risk
GPK vs. APD — Risk / Return Rank
GPK
APD
GPK vs. APD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Graphic Packaging Holding Company (GPK) and Air Products and Chemicals, Inc. (APD). 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.
| GPK | APD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.08 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.34 | -1.16 |
| Martin ratioReturn relative to average drawdown | -1.32 | 0.83 | -2.15 |
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Drawdowns
GPK vs. APD - Drawdown Comparison
The maximum GPK drawdown since its inception was -98.11%, which is greater than APD's maximum drawdown of -60.30%. Use the drawdown chart below to compare losses from any high point for GPK and APD.
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Drawdown Indicators
| GPK | APD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.11% | -60.30% | -37.81% |
Max Drawdown (1Y)Largest decline over 1 year | -61.23% | -22.39% | -38.84% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -30.43% | -39.28% |
Max Drawdown (5Y)Largest decline over 5 years | -69.71% | -31.77% | -37.94% |
Max Drawdown (10Y)Largest decline over 10 years | -69.71% | -31.77% | -37.94% |
Current DrawdownCurrent decline from peak | -65.23% | -13.49% | -51.74% |
Average DrawdownAverage peak-to-trough decline | -57.13% | -11.05% | -46.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.35% | 9.02% | +29.33% |
Volatility
GPK vs. APD - Volatility Comparison
Graphic Packaging Holding Company (GPK) has a higher volatility of 14.18% compared to Air Products and Chemicals, Inc. (APD) at 5.17%. This indicates that GPK's price experiences larger fluctuations and is considered to be riskier than APD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPK | APD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 5.17% | +9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 36.68% | 15.71% | +20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.25% | 24.79% | +18.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.23% | 26.04% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.55% | 25.92% | +3.63% |
Dividends
GPK vs. APD - Dividend Comparison
GPK's dividend yield for the trailing twelve months is around 4.35%, more than APD's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.54% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
GPK Graphic Packaging Holding Company | 4.35% | 2.92% | 1.47% | 1.62% | 1.46% | 1.54% | 1.77% | 1.80% | 2.82% | 2.91% | 1.80% | 1.56% |
Financials
GPK vs. APD - Financials Comparison
This section allows you to compare key financial metrics between Graphic Packaging Holding Company and Air Products and Chemicals, 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
GPK vs. APD - Profitability Comparison
GPK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Graphic Packaging Holding Company reported a gross profit of 0.00 and revenue of 2.16B. Therefore, the gross margin over that period was 0.0%.
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
GPK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Graphic Packaging Holding Company reported an operating income of 19.00M and revenue of 2.16B, resulting in an operating margin of 0.9%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
GPK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Graphic Packaging Holding Company reported a net income of -43.00M and revenue of 2.16B, resulting in a net margin of -2.0%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
Frequently Asked Questions
GPK and APD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPK has higher volatility (14.18%) compared to APD (5.17%). In terms of maximum drawdown, GPK dropped -98.11% vs APD's -60.30%.
APD currently has the higher Sharpe Ratio (0.30 vs -1.17), 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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