IR vs. GRMN
IR (Ingersoll-Rand Plc) and GRMN (Garmin Ltd.) are both stocks. IR operates in Specialty Industrial Machinery (Industrials), while GRMN operates in Scientific & Technical Instruments (Technology). Over the past 5 years, IR returned 8.86%/yr vs 13.00%/yr for GRMN. At a 0.46 correlation, their price movements are largely independent.
Performance
IR vs. GRMN - Performance Comparison
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Returns By Period
In the year-to-date period, IR achieves a -8.49% return, which is significantly lower than GRMN's 16.41% return.
IR
- 1D
- 0.29%
- 1M
- -4.32%
- YTD
- -8.49%
- 6M
- -8.59%
- 1Y
- -12.74%
- 3Y*
- 5.18%
- 5Y*
- 8.86%
- 10Y*
- —
GRMN
- 1D
- -0.57%
- 1M
- -2.02%
- YTD
- 16.41%
- 6M
- 17.82%
- 1Y
- 15.26%
- 3Y*
- 33.20%
- 5Y*
- 13.00%
- 10Y*
- 21.88%
IR vs. GRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IR Ingersoll-Rand Plc | -8.49% | -12.34% | 17.06% | 48.21% | -15.41% | 35.85% | 24.21% | 92.80% | -39.73% | 60.81% |
GRMN Garmin Ltd. | 16.41% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 17.49% |
Correlation
The correlation between IR and GRMN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 15, 2017 | 0.46 |
The correlation between IR and GRMN has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
Fundamentals
IR:
$1.96
GRMN:
$8.97
IR:
36.93
GRMN:
26.23
IR:
8.78
GRMN:
2.11
IR:
2.79
GRMN:
6.10
IR:
$7.78B
GRMN:
$7.46B
IR:
$2.98B
GRMN:
$4.41B
IR:
$1.55B
GRMN:
$2.26B
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Return for Risk
IR vs. GRMN — Risk / Return Rank
IR
GRMN
IR vs. GRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ingersoll-Rand Plc (IR) and Garmin Ltd. (GRMN). 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.
| IR | GRMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.12 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.55 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.97 | 1.20 | -2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IR | GRMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 0.51 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.43 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.45 | +0.01 |
Drawdowns
IR vs. GRMN - Drawdown Comparison
The maximum IR drawdown since its inception was -50.27%, smaller than the maximum GRMN drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for IR and GRMN.
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Drawdown Indicators
| IR | GRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -87.71% | +37.44% |
Max Drawdown (1Y)Largest decline over 1 year | -30.56% | -27.97% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -36.62% | -27.97% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -54.63% | +18.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.63% | — |
Current DrawdownCurrent decline from peak | -31.12% | -12.07% | -19.05% |
Average DrawdownAverage peak-to-trough decline | -12.81% | -31.53% | +18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.12% | 12.71% | +0.41% |
Volatility
IR vs. GRMN - Volatility Comparison
Ingersoll-Rand Plc (IR) and Garmin Ltd. (GRMN) have volatilities of 7.68% and 7.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IR | GRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 7.87% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 22.18% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.94% | 30.12% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 30.38% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.33% | 28.34% | +5.99% |
Dividends
IR vs. GRMN - Dividend Comparison
IR's dividend yield for the trailing twelve months is around 0.11%, less than GRMN's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.53% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
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
IR vs. GRMN - Financials Comparison
This section allows you to compare key financial metrics between Ingersoll-Rand Plc and Garmin Ltd.. 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
IR vs. GRMN - Profitability Comparison
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%.
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.
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%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.
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%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.
Frequently Asked Questions
IR and GRMN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRMN has higher volatility (7.87%) compared to IR (7.68%). In terms of maximum drawdown, IR dropped -50.27% vs GRMN's -87.71%.
GRMN currently has the higher Sharpe Ratio (0.51 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.
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