MSEX vs. AWK
MSEX (Middlesex Water Company) and AWK (American Water Works Company, Inc.) are both stocks. Both operate in the Utilities - Regulated Water industry within the Utilities sector. Over the past 10 years, MSEX returned 4.69%/yr vs 6.83%/yr for AWK. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MSEX vs. AWK - Performance Comparison
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Returns By Period
In the year-to-date period, MSEX achieves a 9.72% return, which is significantly higher than AWK's 1.01% return. Over the past 10 years, MSEX has underperformed AWK with an annualized return of 4.69%, while AWK has yielded a comparatively higher 6.83% annualized return.
MSEX
- 1D
- 1.04%
- 1M
- 4.80%
- YTD
- 9.72%
- 6M
- 6.96%
- 1Y
- 2.72%
- 3Y*
- -9.60%
- 5Y*
- -6.16%
- 10Y*
- 4.69%
AWK
- 1D
- 0.28%
- 1M
- 4.97%
- YTD
- 1.01%
- 6M
- 0.41%
- 1Y
- -4.73%
- 3Y*
- -0.14%
- 5Y*
- -1.45%
- 10Y*
- 6.83%
MSEX vs. AWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 9.72% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
AWK American Water Works Company, Inc. | 1.01% | 7.40% | -3.53% | -11.68% | -17.89% | 24.83% | 26.88% | 37.79% | 1.32% | 29.01% |
Correlation
The correlation between MSEX and AWK is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008 | 0.51 |
The correlation between MSEX and AWK shifts across timeframes, from 0.51 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MSEX:
$3.22
AWK:
$5.65
MSEX:
16.95
AWK:
23.00
MSEX:
3.74
AWK:
4.87
MSEX:
$199.11M
AWK:
$5.21B
MSEX:
$66.33M
AWK:
$2.27B
MSEX:
$86.27M
AWK:
$2.48B
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Return for Risk
MSEX vs. AWK — Risk / Return Rank
MSEX
AWK
MSEX vs. AWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlesex Water Company (MSEX) and American Water Works Company, Inc. (AWK). 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.
| MSEX | AWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.31 | +0.44 |
| Martin ratioReturn relative to average drawdown | 0.22 | -0.55 | +0.78 |
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Drawdowns
MSEX vs. AWK - Drawdown Comparison
The maximum MSEX drawdown since its inception was -60.51%, which is greater than AWK's maximum drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for MSEX and AWK.
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Drawdown Indicators
| MSEX | AWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -37.10% | -23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -15.45% | -5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -44.52% | -22.24% | -22.28% |
Max Drawdown (5Y)Largest decline over 5 years | -60.51% | -37.10% | -23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -60.51% | -37.10% | -23.41% |
Current DrawdownCurrent decline from peak | -50.28% | -24.11% | -26.17% |
Average DrawdownAverage peak-to-trough decline | -12.91% | -9.54% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.10% | 8.60% | +3.50% |
Volatility
MSEX vs. AWK - Volatility Comparison
Middlesex Water Company (MSEX) and American Water Works Company, Inc. (AWK) have volatilities of 6.44% and 6.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEX | AWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.65% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.15% | 15.74% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.35% | 21.80% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.15% | 22.88% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 23.74% | +8.58% |
Dividends
MSEX vs. AWK - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.60%, which matches AWK's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWK American Water Works Company, Inc. | 2.60% | 2.49% | 2.41% | 2.10% | 1.68% | 1.25% | 1.40% | 1.59% | 1.96% | 1.77% | 2.02% | 2.23% |
MSEX Middlesex Water Company | 2.60% | 2.74% | 2.50% | 1.92% | 1.50% | 1.16% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% |
Financials
MSEX vs. AWK - Financials Comparison
This section allows you to compare key financial metrics between Middlesex Water Company and American Water Works Company, 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
MSEX vs. AWK - Profitability Comparison
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 48.71M. Therefore, the gross margin over that period was 0.0%.
AWK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a gross profit of 714.00M and revenue of 1.21B. Therefore, the gross margin over that period was 59.2%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported an operating income of 13.10M and revenue of 48.71M, resulting in an operating margin of 26.9%.
AWK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported an operating income of 391.00M and revenue of 1.21B, resulting in an operating margin of 32.4%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a net income of 10.61M and revenue of 48.71M, resulting in a net margin of 21.8%.
AWK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a net income of 196.00M and revenue of 1.21B, resulting in a net margin of 16.2%.
Frequently Asked Questions
MSEX and AWK have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWK has higher volatility (6.65%) compared to MSEX (6.44%). In terms of maximum drawdown, MSEX dropped -60.51% vs AWK's -37.10%.
MSEX currently has the higher Sharpe Ratio (0.09 vs -0.22), 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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