IEX vs. ETN
IEX (IDEX Corporation) and ETN (Eaton Corporation plc) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, IEX returned 11.29%/yr vs 23.40%/yr for ETN. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
IEX vs. ETN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IEX having a 30.87% return and ETN slightly higher at 31.12%. Over the past 10 years, IEX has underperformed ETN with an annualized return of 11.29%, while ETN has yielded a comparatively higher 23.40% annualized return.
IEX
- 1D
- -1.42%
- 1M
- 3.30%
- 6M
- 16.86%
- YTD
- 30.87%
- 1Y
- 46.98%
- 3Y*
- 2.68%
- 5Y*
- 1.63%
- 10Y*
- 11.29%
- ALL TIME*
- 12.55%
ETN
- 1D
- 7.32%
- 1M
- 4.19%
- 6M
- 18.85%
- YTD
- 31.12%
- 1Y
- 10.15%
- 3Y*
- 25.38%
- 5Y*
- 23.26%
- 10Y*
- 23.40%
- ALL TIME*
- 11.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04B | $939.19M | $1.06B | |
| $208.67M | $171.00M | $158.82M |
IEX vs. ETN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEX IDEX Corporation | 30.87% | -13.69% | -2.35% | -3.80% | -2.22% | 19.82% | 17.22% | 37.94% | -3.16% | 48.53% |
ETN Eaton Corporation plc | 31.12% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 21.54% |
Correlation
The correlation between IEX and ETN is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 1991 | 0.47 |
The correlation between IEX and ETN shifts across timeframes, from 0.35 (1 year) to 0.60 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
IEX:
$16.99B
ETN:
$161.22B
IEX:
$6.96
ETN:
$9.83
IEX:
33.11
ETN:
42.23
IEX:
9.77
ETN:
2.29
IEX:
4.80
ETN:
5.39
IEX:
4.27
ETN:
7.98
IEX:
$3.59B
ETN:
$30.03B
IEX:
$1.60B
ETN:
$10.78B
IEX:
$904.40M
ETN:
$6.06B
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Return for Risk
IEX vs. ETN — Risk / Return Rank
IEX
ETN
IEX vs. ETN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEX Corporation (IEX) and Eaton Corporation plc (ETN). 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.
| IEX | ETN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.07 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 0.50 | +2.48 |
| Martin ratioReturn relative to average drawdown | 9.87 | 1.07 | +8.81 |
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Drawdowns
IEX vs. ETN - Drawdown Comparison
The maximum IEX drawdown since its inception was -81.60%, which is greater than ETN's maximum drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for IEX and ETN.
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Drawdown Indicators
| IEX | ETN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -68.95% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -18.33% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -34.60% | -34.46% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -34.46% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -44.55% | +9.03% |
Current DrawdownCurrent decline from peak | -2.90% | -4.72% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -14.87% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 8.63% | -4.24% |
Volatility
IEX vs. ETN - Volatility Comparison
The current volatility for IDEX Corporation (IEX) is 5.53%, while Eaton Corporation plc (ETN) has a volatility of 15.81%. This indicates that IEX experiences smaller price fluctuations and is considered to be less risky than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEX | ETN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 15.81% | -10.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 31.45% | -14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.27% | 37.69% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 31.33% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 30.53% | -6.33% |
Dividends
IEX vs. ETN - Dividend Comparison
IEX's dividend yield for the trailing twelve months is around 1.25%, more than ETN's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.03% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
IEX IDEX Corporation | 1.25% | 1.58% | 1.29% | 1.16% | 1.02% | 0.90% | 1.00% | 1.12% | 1.31% | 1.10% | 1.49% | 1.62% |
Financials
IEX vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between IDEX Corporation and Eaton Corporation 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
IEX vs. ETN - Profitability Comparison
IEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, IDEX Corporation reported a gross profit of 426.80M and revenue of 920.60M. Therefore, the gross margin over that period was 46.4%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Eaton Corporation plc reported a gross profit of 2.86B and revenue of 8.53B. Therefore, the gross margin over that period was 33.5%.
IEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, IDEX Corporation reported an operating income of 199.90M and revenue of 920.60M, resulting in an operating margin of 21.7%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Eaton Corporation plc reported an operating income of 1.39B and revenue of 8.53B, resulting in an operating margin of 16.3%.
IEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, IDEX Corporation reported a net income of 143.40M and revenue of 920.60M, resulting in a net margin of 15.6%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Eaton Corporation plc reported a net income of 821.00M and revenue of 8.53B, resulting in a net margin of 9.6%.
Frequently Asked Questions
IEX and ETN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (15.81%) compared to IEX (5.53%). In terms of maximum drawdown, IEX dropped -81.60% vs ETN's -68.95%.
IEX currently has the higher Sharpe Ratio (1.86 vs 0.24), 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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