ITW vs. AWR
ITW (Illinois Tool Works Inc.) and AWR (American States Water Company) are both stocks. ITW operates in Specialty Industrial Machinery (Industrials), while AWR operates in Utilities - Regulated Water (Utilities). Over the past 10 years, ITW returned 12.18%/yr vs 9.28%/yr for AWR. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
ITW vs. AWR - Performance Comparison
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Returns By Period
In the year-to-date period, ITW achieves a 17.95% return, which is significantly lower than AWR's 19.78% return. Over the past 10 years, ITW has outperformed AWR with an annualized return of 12.18%, while AWR has yielded a comparatively lower 9.28% annualized return.
ITW
- 1D
- 1.15%
- 1M
- 6.68%
- 6M
- 11.20%
- YTD
- 17.95%
- 1Y
- 14.94%
- 3Y*
- 6.96%
- 5Y*
- 7.33%
- 10Y*
- 12.18%
- ALL TIME*
- 13.71%
AWR
- 1D
- -0.37%
- 1M
- 2.76%
- 6M
- 18.99%
- YTD
- 19.78%
- 1Y
- 19.57%
- 3Y*
- 2.09%
- 5Y*
- 1.52%
- 10Y*
- 9.28%
- ALL TIME*
- 12.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.21M | $26.71M | $26.89M | |
| $528.12M | $430.35M | $385.52M |
ITW vs. AWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITW Illinois Tool Works Inc. | 17.95% | -0.43% | -0.97% | 21.56% | -8.46% | 23.60% | 16.42% | 45.60% | -22.10% | 38.92% |
AWR American States Water Company | 19.78% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
Correlation
The correlation between ITW and AWR is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.25 |
The correlation between ITW and AWR shifts across timeframes, from 0.22 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ITW:
$82.56B
AWR:
$3.36B
ITW:
$11.03
AWR:
$3.44
ITW:
26.01
AWR:
24.92
ITW:
4.31
AWR:
2.35
ITW:
5.04
AWR:
4.90
ITW:
28.46
AWR:
3.16
ITW:
$16.47B
AWR:
$679.25M
ITW:
$7.27B
AWR:
$303.17M
ITW:
$4.64B
AWR:
$233.31M
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Return for Risk
ITW vs. AWR — Risk / Return Rank
ITW
AWR
ITW vs. AWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Illinois Tool Works Inc. (ITW) and American States Water Company (AWR). 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.
| ITW | AWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.34 | -1.48 |
| Martin ratioReturn relative to average drawdown | 1.76 | 5.12 | -3.36 |
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Drawdowns
ITW vs. AWR - Drawdown Comparison
The maximum ITW drawdown since its inception was -54.90%, which is greater than AWR's maximum drawdown of -37.39%. Use the drawdown chart below to compare losses from any high point for ITW and AWR.
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Drawdown Indicators
| ITW | AWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.90% | -37.39% | -17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -8.41% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -24.10% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -32.85% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -32.85% | -5.00% |
Current DrawdownCurrent decline from peak | -3.03% | -8.65% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -10.81% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 3.83% | +4.67% |
Volatility
ITW vs. AWR - Volatility Comparison
Illinois Tool Works Inc. (ITW) has a higher volatility of 8.35% compared to American States Water Company (AWR) at 6.58%. This indicates that ITW's price experiences larger fluctuations and is considered to be riskier than AWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITW | AWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 6.58% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.82% | 16.19% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 20.43% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 22.73% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.88% | 26.21% | -2.33% |
Dividends
ITW vs. AWR - Dividend Comparison
ITW's dividend yield for the trailing twelve months is around 2.24%, less than AWR's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.35% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
ITW Illinois Tool Works Inc. | 2.24% | 2.53% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% |
Financials
ITW vs. AWR - Financials Comparison
This section allows you to compare key financial metrics between Illinois Tool Works Inc. and American States Water Company. 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
ITW vs. AWR - Profitability Comparison
ITW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported a gross profit of 1.90B and revenue of 4.30B. Therefore, the gross margin over that period was 44.1%.
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
ITW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported an operating income of 1.15B and revenue of 4.30B, resulting in an operating margin of 26.7%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
ITW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported a net income of 815.00M and revenue of 4.30B, resulting in a net margin of 19.0%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
Frequently Asked Questions
ITW and AWR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITW has higher volatility (8.35%) compared to AWR (6.58%). In terms of maximum drawdown, ITW dropped -54.90% vs AWR's -37.39%.
AWR currently has the higher Sharpe Ratio (0.96 vs 0.69), 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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