IT vs. AWI
IT (Gartner, Inc.) and AWI (Armstrong World Industries, Inc.) are both stocks. IT operates in Information Technology Services (Technology), while AWI operates in Building Products & Equipment (Industrials). Over the past 10 years, IT returned 3.93%/yr vs 15.34%/yr for AWI. At a 0.40 correlation, their price movements are largely independent.
Performance
IT vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, IT achieves a -41.27% return, which is significantly lower than AWI's -18.97% return. Over the past 10 years, IT has underperformed AWI with an annualized return of 3.93%, while AWI has yielded a comparatively higher 15.34% annualized return.
IT
- 1D
- -0.43%
- 1M
- 5.35%
- YTD
- -41.27%
- 6M
- -36.65%
- 1Y
- -63.41%
- 3Y*
- -25.26%
- 5Y*
- -8.66%
- 10Y*
- 3.93%
AWI
- 1D
- -0.57%
- 1M
- -3.82%
- YTD
- -18.97%
- 6M
- -16.89%
- 1Y
- 2.71%
- 3Y*
- 31.66%
- 5Y*
- 8.37%
- 10Y*
- 15.34%
IT vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IT Gartner, Inc. | -41.27% | -47.93% | 7.40% | 34.20% | 0.54% | 108.70% | 3.95% | 20.54% | 3.81% | 21.85% |
AWI Armstrong World Industries, Inc. | -18.97% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between IT and AWI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2006 | 0.40 |
Over the past year, the correlation between IT and AWI has dropped to 0.08 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
IT:
$10.37B
AWI:
$6.66B
IT:
$10.06
AWI:
$7.04
IT:
14.73
AWI:
21.91
IT:
2.54
AWI:
1.32
IT:
1.68
AWI:
4.07
IT:
163.55
AWI:
7.46
IT:
$6.47B
AWI:
$1.65B
IT:
$4.42B
AWI:
$664.10M
IT:
$1.26B
AWI:
$578.40M
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Return for Risk
IT vs. AWI — Risk / Return Rank
IT
AWI
IT vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gartner, Inc. (IT) and Armstrong World Industries, Inc. (AWI). 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.
| IT | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.03 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.03 | -1.01 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.07 | -1.43 |
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Drawdowns
IT vs. AWI - Drawdown Comparison
The maximum IT drawdown since its inception was -85.07%, which is greater than AWI's maximum drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for IT and AWI.
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Drawdown Indicators
| IT | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.07% | -80.98% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -65.62% | -24.91% | -40.71% |
Max Drawdown (3Y)Largest decline over 3 years | -74.51% | -24.91% | -49.60% |
Max Drawdown (5Y)Largest decline over 5 years | -74.51% | -46.06% | -28.45% |
Max Drawdown (10Y)Largest decline over 10 years | -74.51% | -46.44% | -28.07% |
Current DrawdownCurrent decline from peak | -73.15% | -23.85% | -49.30% |
Average DrawdownAverage peak-to-trough decline | -30.57% | -18.25% | -12.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.74% | 11.10% | +36.64% |
Volatility
IT vs. AWI - Volatility Comparison
Gartner, Inc. (IT) has a higher volatility of 16.06% compared to Armstrong World Industries, Inc. (AWI) at 8.61%. This indicates that IT's price experiences larger fluctuations and is considered to be riskier than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IT | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.06% | 8.61% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 39.21% | 20.62% | +18.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.43% | 25.74% | +26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.84% | 26.21% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 29.94% | +3.07% |
Dividends
IT vs. AWI - Dividend Comparison
IT has not paid dividends to shareholders, while AWI's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.86% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
IT Gartner, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IT vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Gartner, Inc. and Armstrong World Industries, 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
IT vs. AWI - Profitability Comparison
IT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gartner, Inc. reported a gross profit of 1.08B and revenue of 1.51B. Therefore, the gross margin over that period was 71.6%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
IT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gartner, Inc. reported an operating income of 316.09M and revenue of 1.51B, resulting in an operating margin of 20.9%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
IT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gartner, Inc. reported a net income of 222.34M and revenue of 1.51B, resulting in a net margin of 14.7%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
Frequently Asked Questions
IT and AWI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IT has higher volatility (16.06%) compared to AWI (8.61%). In terms of maximum drawdown, IT dropped -85.07% vs AWI's -80.98%.
AWI currently has the higher Sharpe Ratio (0.03 vs -1.23), 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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