MERC vs. WTW
MERC (Mercer International Inc.) and WTW (Willis Towers Watson Public Limited Company) are both stocks. MERC operates in Paper & Paper Products (Basic Materials), while WTW operates in Insurance Brokers (Financial Services). Over the past 10 years, MERC returned -18.35%/yr vs 9.73%/yr for WTW. At a 0.21 correlation, their price movements are largely independent.
Performance
MERC vs. WTW - Performance Comparison
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Returns By Period
In the year-to-date period, MERC achieves a -63.32% return, which is significantly lower than WTW's -21.36% return. Over the past 10 years, MERC has underperformed WTW with an annualized return of -18.35%, while WTW has yielded a comparatively higher 9.73% annualized return.
MERC
- 1D
- -6.04%
- 1M
- -30.17%
- YTD
- -63.32%
- 6M
- -65.25%
- 1Y
- -78.80%
- 3Y*
- -53.70%
- 5Y*
- -41.95%
- 10Y*
- -18.35%
WTW
- 1D
- 1.81%
- 1M
- 0.06%
- YTD
- -21.36%
- 6M
- -22.02%
- 1Y
- -14.19%
- 3Y*
- 4.79%
- 5Y*
- 3.37%
- 10Y*
- 9.73%
MERC vs. WTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERC Mercer International Inc. | -63.32% | -68.51% | -28.65% | -15.71% | -0.59% | 19.46% | -12.81% | 22.62% | -24.32% | 39.65% |
WTW Willis Towers Watson Public Limited Company | -21.36% | 6.09% | 31.48% | 0.08% | 4.53% | 14.16% | 5.83% | 34.81% | 2.42% | 25.05% |
Correlation
The correlation between MERC and WTW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.21 |
Fundamentals
MERC:
-$10.51
WTW:
$16.97
MERC:
0.02
WTW:
2.56
MERC:
$1.85B
WTW:
$9.90B
MERC:
-$64.63M
WTW:
$3.18B
MERC:
-$73.03M
WTW:
$2.63B
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Return for Risk
MERC vs. WTW — Risk / Return Rank
MERC
WTW
MERC vs. WTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer International Inc. (MERC) and Willis Towers Watson Public Limited Company (WTW). 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.
| MERC | WTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.92 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.47 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.06 | -0.38 |
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Drawdowns
MERC vs. WTW - Drawdown Comparison
The maximum MERC drawdown since its inception was -99.05%, which is greater than WTW's maximum drawdown of -32.95%. Use the drawdown chart below to compare losses from any high point for MERC and WTW.
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Drawdown Indicators
| MERC | WTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -32.95% | -66.10% |
Max Drawdown (1Y)Largest decline over 1 year | -83.34% | -30.39% | -52.95% |
Max Drawdown (3Y)Largest decline over 3 years | -92.89% | -30.39% | -62.50% |
Max Drawdown (5Y)Largest decline over 5 years | -95.26% | -30.39% | -64.87% |
Max Drawdown (10Y)Largest decline over 10 years | -95.26% | -32.95% | -62.31% |
Current DrawdownCurrent decline from peak | -96.25% | -25.95% | -70.30% |
Average DrawdownAverage peak-to-trough decline | -61.20% | -7.79% | -53.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.53% | 13.38% | +41.15% |
Volatility
MERC vs. WTW - Volatility Comparison
Mercer International Inc. (MERC) has a higher volatility of 24.45% compared to Willis Towers Watson Public Limited Company (WTW) at 7.12%. This indicates that MERC's price experiences larger fluctuations and is considered to be riskier than WTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MERC | WTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.45% | 7.12% | +17.33% |
Volatility (6M)Calculated over the trailing 6-month period | 56.24% | 25.10% | +31.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.71% | 27.65% | +48.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.66% | 23.79% | +28.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.42% | 24.46% | +23.96% |
Dividends
MERC vs. WTW - Dividend Comparison
MERC's dividend yield for the trailing twelve months is around 10.33%, more than WTW's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERC Mercer International Inc. | 10.33% | 7.58% | 4.62% | 3.16% | 2.58% | 2.17% | 3.24% | 4.37% | 4.79% | 3.29% | 4.32% | 2.54% |
WTW Willis Towers Watson Public Limited Company | 1.44% | 1.12% | 1.12% | 1.39% | 1.34% | 1.27% | 1.31% | 1.29% | 1.58% | 1.41% | 1.57% | 0.00% |
Financials
MERC vs. WTW - Financials Comparison
This section allows you to compare key financial metrics between Mercer International Inc. and Willis Towers Watson Public Limited 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
MERC vs. WTW - Profitability Comparison
MERC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported a gross profit of 0.00 and revenue of 489.30M. Therefore, the gross margin over that period was 0.0%.
WTW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Willis Towers Watson Public Limited Company reported a gross profit of 0.00 and revenue of 2.41B. Therefore, the gross margin over that period was 0.0%.
MERC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported an operating income of -32.89M and revenue of 489.30M, resulting in an operating margin of -6.7%.
WTW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Willis Towers Watson Public Limited Company reported an operating income of 448.00M and revenue of 2.41B, resulting in an operating margin of 18.6%.
MERC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported a net income of -52.00M and revenue of 489.30M, resulting in a net margin of -10.6%.
WTW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Willis Towers Watson Public Limited Company reported a net income of 297.00M and revenue of 2.41B, resulting in a net margin of 12.3%.
Frequently Asked Questions
MERC and WTW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MERC has higher volatility (24.45%) compared to WTW (7.12%). In terms of maximum drawdown, MERC dropped -99.05% vs WTW's -32.95%.
WTW currently has the higher Sharpe Ratio (-0.52 vs -1.04), 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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