OMAB vs. APD
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) and APD (Air Products and Chemicals, Inc.) are both stocks. OMAB operates in Airports & Air Services (Industrials), while APD operates in Chemicals (Basic Materials). Over the past 10 years, OMAB returned 12.38%/yr vs 9.22%/yr for APD. At a 0.30 correlation, their price movements are largely independent.
Performance
OMAB vs. APD - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a -8.34% return, which is significantly lower than APD's 13.57% return. Over the past 10 years, OMAB has outperformed APD with an annualized return of 12.38%, while APD has yielded a comparatively lower 9.22% annualized return.
OMAB
- 1D
- -0.13%
- 1M
- -7.47%
- YTD
- -8.34%
- 6M
- -1.54%
- 1Y
- -2.16%
- 3Y*
- 9.62%
- 5Y*
- 21.13%
- 10Y*
- 12.38%
APD
- 1D
- -1.98%
- 1M
- -6.31%
- YTD
- 13.57%
- 6M
- 18.85%
- 1Y
- 1.58%
- 3Y*
- 2.39%
- 5Y*
- 1.07%
- 10Y*
- 9.22%
OMAB vs. APD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -8.34% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
APD Air Products and Chemicals, Inc. | 13.57% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
Correlation
The correlation between OMAB and APD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2006 | 0.30 |
The correlation between OMAB and APD shifts across timeframes, from 0.13 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
Fundamentals
OMAB:
$4.68B
APD:
$61.69B
OMAB:
$109.59
APD:
$9.45
OMAB:
0.88
APD:
29.28
OMAB:
0.05
APD:
1.36
OMAB:
0.29
APD:
4.95
OMAB:
0.37
APD:
3.94
OMAB:
$16.21B
APD:
$12.46B
OMAB:
$12.07B
APD:
$3.99B
OMAB:
$9.83B
APD:
$4.36B
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Return for Risk
OMAB vs. APD — Risk / Return Rank
OMAB
APD
OMAB vs. APD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) and Air Products and Chemicals, Inc. (APD). 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.
| OMAB | APD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.07 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.19 | 0.18 | -0.37 |
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
| OMAB | APD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.06 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.04 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.36 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.41 | -0.05 |
Drawdowns
OMAB vs. APD - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, which is greater than APD's maximum drawdown of -60.30%. Use the drawdown chart below to compare losses from any high point for OMAB and APD.
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Drawdown Indicators
| OMAB | APD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -60.30% | -17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -26.14% | -22.39% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | -30.43% | -11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -31.77% | -10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | -31.77% | -37.11% |
Current DrawdownCurrent decline from peak | -26.14% | -15.42% | -10.72% |
Average DrawdownAverage peak-to-trough decline | -22.70% | -11.05% | -11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 8.90% | +2.50% |
Volatility
OMAB vs. APD - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 6.83% compared to Air Products and Chemicals, Inc. (APD) at 5.35%. This indicates that OMAB's price experiences larger fluctuations and is considered to be riskier than APD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OMAB | APD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 5.35% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 18.93% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 24.63% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.75% | 26.00% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 25.90% | +12.39% |
Dividends
OMAB vs. APD - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.61%, more than APD's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.59% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.61% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
OMAB vs. APD - Financials Comparison
This section allows you to compare key financial metrics between Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. and Air Products and Chemicals, 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
OMAB vs. APD - Profitability Comparison
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.64B and revenue of 3.82B. Therefore, the gross margin over that period was 69.2%.
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.08B and revenue of 3.82B, resulting in an operating margin of 54.5%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.23B and revenue of 3.82B, resulting in a net margin of 32.3%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
Frequently Asked Questions
OMAB and APD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OMAB has higher volatility (6.83%) compared to APD (5.35%). In terms of maximum drawdown, OMAB dropped -77.75% vs APD's -60.30%.
APD currently has the higher Sharpe Ratio (0.06 vs -0.07), 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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