LPX vs. AWI
LPX (Louisiana-Pacific Corporation) and AWI (Armstrong World Industries, Inc.) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, LPX returned 17.39%/yr vs 15.34%/yr for AWI. At a 0.49 correlation, their price movements are largely independent.
Performance
LPX vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, LPX achieves a -6.35% return, which is significantly higher than AWI's -18.97% return. Over the past 10 years, LPX has outperformed AWI with an annualized return of 17.39%, while AWI has yielded a comparatively lower 15.34% annualized return.
LPX
- 1D
- 0.37%
- 1M
- 7.41%
- YTD
- -6.35%
- 6M
- -12.73%
- 1Y
- -13.79%
- 3Y*
- 6.43%
- 5Y*
- 6.49%
- 10Y*
- 17.39%
AWI
- 1D
- -0.57%
- 1M
- -0.62%
- YTD
- -18.97%
- 6M
- -16.89%
- 1Y
- 2.71%
- 3Y*
- 31.66%
- 5Y*
- 8.37%
- 10Y*
- 15.34%
LPX vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | -6.35% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
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 LPX and AWI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2006 | 0.49 |
The correlation between LPX and AWI shifts across timeframes, from 0.49 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
LPX:
$5.25B
AWI:
$6.66B
LPX:
$1.17
AWI:
$7.04
LPX:
64.06
AWI:
21.91
LPX:
2.05
AWI:
4.07
LPX:
3.04
AWI:
7.46
LPX:
$2.56B
AWI:
$1.65B
LPX:
$507.00M
AWI:
$664.10M
LPX:
$247.00M
AWI:
$578.40M
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Return for Risk
LPX vs. AWI — Risk / Return Rank
LPX
AWI
LPX vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Louisiana-Pacific Corporation (LPX) 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.
| LPX | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.03 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.85 | 0.07 | -0.92 |
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Drawdowns
LPX vs. AWI - Drawdown Comparison
The maximum LPX drawdown since its inception was -96.41%, which is greater than AWI's maximum drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for LPX and AWI.
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Drawdown Indicators
| LPX | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -80.98% | -15.43% |
Max Drawdown (1Y)Largest decline over 1 year | -33.83% | -24.91% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -43.14% | -24.91% | -18.23% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -46.06% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -59.45% | -46.44% | -13.01% |
Current DrawdownCurrent decline from peak | -36.34% | -23.85% | -12.49% |
Average DrawdownAverage peak-to-trough decline | -37.86% | -18.25% | -19.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 11.10% | +7.63% |
Volatility
LPX vs. AWI - Volatility Comparison
Louisiana-Pacific Corporation (LPX) has a higher volatility of 13.37% compared to Armstrong World Industries, Inc. (AWI) at 8.61%. This indicates that LPX'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
| LPX | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.37% | 8.61% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 31.61% | 20.62% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 25.74% | +15.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.89% | 26.21% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 29.94% | +10.91% |
Dividends
LPX vs. AWI - Dividend Comparison
LPX's dividend yield for the trailing twelve months is around 1.55%, more than AWI's 0.86% yield.
| 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% |
LPX Louisiana-Pacific Corporation | 1.55% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% |
Financials
LPX vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Louisiana-Pacific Corporation 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
LPX vs. AWI - Profitability Comparison
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
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%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
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%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
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
LPX and AWI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPX has higher volatility (13.37%) compared to AWI (8.61%). In terms of maximum drawdown, LPX dropped -96.41% vs AWI's -80.98%.
AWI currently has the higher Sharpe Ratio (0.03 vs -0.38), 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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