IRDM vs. ETN
Compare and contrast key facts about Iridium Communications Inc. (IRDM) and Eaton Corporation plc (ETN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRDM or ETN.
Key characteristics
| IRDM | ETN | |
|---|---|---|
| YTD Return | -29.86% | 30.31% |
| 1Y Return | -56.10% | 94.12% |
| 3Y Return (Ann) | -8.19% | 32.42% |
| 5Y Return (Ann) | 1.28% | 33.40% |
| 10Y Return (Ann) | 15.73% | 18.93% |
| Sharpe Ratio | -1.61 | 3.77 |
| Daily Std Dev | 35.32% | 25.23% |
| Max Drawdown | -62.89% | -68.95% |
| Current Drawdown | -56.73% | -5.35% |
Fundamentals
| IRDM | ETN | |
|---|---|---|
| Market Cap | $3.33B | $121.18B |
| EPS | $0.20 | $8.03 |
| PE Ratio | 137.00 | 37.74 |
| PEG Ratio | 1.42 | 3.26 |
| Revenue (TTM) | $789.30M | $23.20B |
| Gross Profit (TTM) | $519.89M | $6.89B |
| EBITDA (TTM) | $402.18M | $4.86B |
Correlation
The correlation between IRDM and ETN is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IRDM vs. ETN - Performance Comparison
In the year-to-date period, IRDM achieves a -29.86% return, which is significantly lower than ETN's 30.31% return. Over the past 10 years, IRDM has underperformed ETN with an annualized return of 15.73%, while ETN has yielded a comparatively higher 18.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IRDM vs. ETN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iridium Communications Inc. (IRDM) 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.
Dividends
IRDM vs. ETN - Dividend Comparison
IRDM's dividend yield for the trailing twelve months is around 1.81%, more than ETN's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRDM Iridium Communications Inc. | 1.81% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETN Eaton Corporation plc | 1.13% | 1.43% | 2.06% | 1.76% | 2.43% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% | 2.88% | 2.21% |
Drawdowns
IRDM vs. ETN - Drawdown Comparison
The maximum IRDM drawdown since its inception was -62.89%, smaller than the maximum ETN drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for IRDM and ETN. For additional features, visit the drawdowns tool.
Volatility
IRDM vs. ETN - Volatility Comparison
Iridium Communications Inc. (IRDM) has a higher volatility of 10.70% compared to Eaton Corporation plc (ETN) at 7.07%. This indicates that IRDM's price experiences larger fluctuations and is considered to be riskier than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
IRDM vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Iridium Communications Inc. 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