NWPX vs. VLUE
NWPX (Northwest Pipe Company) is a stock, while VLUE (iShares Edge MSCI USA Value Factor ETF) is Large Cap Value Equities fund tracking the MSCI USA Value Weighted Index. Over the past 10 years, NWPX returned 28.73%/yr vs 15.43%/yr for VLUE. At a 0.44 correlation, their price movements are largely independent.
Performance
NWPX vs. VLUE - Performance Comparison
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Returns By Period
In the year-to-date period, NWPX achieves a 91.55% return, which is significantly higher than VLUE's 49.00% return. Over the past 10 years, NWPX has outperformed VLUE with an annualized return of 28.73%, while VLUE has yielded a comparatively lower 15.43% annualized return.
NWPX
- 1D
- -0.02%
- 1M
- 12.25%
- YTD
- 91.55%
- 6M
- 101.41%
- 1Y
- 200.38%
- 3Y*
- 61.93%
- 5Y*
- 30.35%
- 10Y*
- 28.73%
VLUE
- 1D
- -0.42%
- 1M
- 20.77%
- YTD
- 49.00%
- 6M
- 51.40%
- 1Y
- 91.45%
- 3Y*
- 34.26%
- 5Y*
- 16.36%
- 10Y*
- 15.43%
NWPX vs. VLUE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 91.55% | 29.49% | 59.48% | -10.21% | 5.97% | 12.37% | -15.04% | 43.02% | 21.68% | 11.15% |
VLUE iShares Edge MSCI USA Value Factor ETF | 49.00% | 32.67% | 7.25% | 14.26% | -14.17% | 28.93% | -0.23% | 27.20% | -11.13% | 21.95% |
Correlation
The correlation between NWPX and VLUE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2013 | 0.44 |
The correlation between NWPX and VLUE shifts across timeframes, from 0.44 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NWPX vs. VLUE — Risk / Return Rank
NWPX
VLUE
NWPX vs. VLUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.
| NWPX | VLUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.91 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 12.85 | 10.17 | +2.67 |
| Martin ratioReturn relative to average drawdown | 42.75 | 45.62 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NWPX | VLUE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.08 | 5.32 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.92 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.76 | -0.58 |
Drawdowns
NWPX vs. VLUE - Drawdown Comparison
The maximum NWPX drawdown since its inception was -87.71%, which is greater than VLUE's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for NWPX and VLUE.
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Drawdown Indicators
| NWPX | VLUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -39.47% | -48.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -9.04% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -17.89% | -17.47% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -27.12% | -8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -46.50% | -39.47% | -7.03% |
Current DrawdownCurrent decline from peak | -1.71% | -0.42% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -43.40% | -6.01% | -37.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.01% | +2.70% |
Volatility
NWPX vs. VLUE - Volatility Comparison
Northwest Pipe Company (NWPX) has a higher volatility of 10.42% compared to iShares Edge MSCI USA Value Factor ETF (VLUE) at 8.03%. This indicates that NWPX's price experiences larger fluctuations and is considered to be riskier than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWPX | VLUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 8.03% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 30.22% | 13.96% | +16.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.79% | 17.30% | +22.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.47% | 17.78% | +18.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 19.82% | +21.23% |
Dividends
NWPX vs. VLUE - Dividend Comparison
NWPX has not paid dividends to shareholders, while VLUE's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLUE iShares Edge MSCI USA Value Factor ETF | 1.40% | 2.11% | 2.73% | 2.66% | 3.18% | 2.22% | 2.42% | 2.61% | 2.70% | 2.14% | 2.07% | 2.39% |
Frequently Asked Questions
NWPX and VLUE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWPX has higher volatility (10.42%) compared to VLUE (8.03%). In terms of maximum drawdown, NWPX dropped -87.71% vs VLUE's -39.47%.
VLUE currently has the higher Sharpe Ratio (5.32 vs 5.08), 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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