PH vs. CW
PH (Parker-Hannifin Corporation) and CW (Curtiss-Wright Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, PH returned 25.12%/yr vs 25.12%/yr for CW. At a 0.41 correlation, their price movements are largely independent.
Performance
PH vs. CW - Performance Comparison
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Returns By Period
In the year-to-date period, PH achieves a 3.21% return, which is significantly lower than CW's 37.55% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PH at 25.12% and CW at 25.12%.
PH
- 1D
- 0.12%
- 1M
- 2.39%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 36.66%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
CW
- 1D
- 0.10%
- 1M
- 0.93%
- YTD
- 37.55%
- 6M
- 38.99%
- 1Y
- 60.13%
- 3Y*
- 63.08%
- 5Y*
- 43.15%
- 10Y*
- 25.12%
PH vs. CW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
CW Curtiss-Wright Corporation | 37.55% | 55.66% | 59.73% | 33.98% | 21.03% | 19.86% | -16.83% | 38.70% | -15.79% | 24.56% |
Correlation
The correlation between PH and CW is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.41 |
The correlation between PH and CW shifts across timeframes, from 0.41 (all time) to 0.59 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PH:
$115.65B
CW:
$28.09B
PH:
$27.11
CW:
$13.64
PH:
33.33
CW:
55.58
PH:
1.41
CW:
3.03
PH:
5.53
CW:
7.88
PH:
7.43
CW:
10.67
PH:
$20.99B
CW:
$3.61B
PH:
$7.81B
CW:
$1.34B
PH:
$5.31B
CW:
$745.31M
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Return for Risk
PH vs. CW — Risk / Return Rank
PH
CW
PH vs. CW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) and Curtiss-Wright Corporation (CW). 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.
| PH | CW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.66 | -2.76 |
| Martin ratioReturn relative to average drawdown | 5.64 | 13.53 | -7.89 |
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Drawdowns
PH vs. CW - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, which is greater than CW's maximum drawdown of -59.19%. Use the drawdown chart below to compare losses from any high point for PH and CW.
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Drawdown Indicators
| PH | CW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -59.19% | -7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -12.97% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -27.21% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -27.21% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | -48.73% | -5.95% |
Current DrawdownCurrent decline from peak | -11.49% | 0.00% | -11.49% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -13.89% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 4.46% | +2.06% |
Volatility
PH vs. CW - Volatility Comparison
The current volatility for Parker-Hannifin Corporation (PH) is 7.58%, while Curtiss-Wright Corporation (CW) has a volatility of 10.40%. This indicates that PH experiences smaller price fluctuations and is considered to be less risky than CW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PH | CW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 10.40% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 26.00% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 32.95% | -7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 27.89% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.70% | 30.31% | +1.39% |
Dividends
PH vs. CW - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.82%, more than CW's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CW Curtiss-Wright Corporation | 0.13% | 0.17% | 0.23% | 0.35% | 0.45% | 0.51% | 0.58% | 0.47% | 0.59% | 0.46% | 0.53% | 0.76% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
PH vs. CW - Financials Comparison
This section allows you to compare key financial metrics between Parker-Hannifin Corporation and Curtiss-Wright Corporation. 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
PH vs. CW - Profitability Comparison
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
CW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a gross profit of 331.48M and revenue of 913.69M. Therefore, the gross margin over that period was 36.3%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
CW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported an operating income of 160.42M and revenue of 913.69M, resulting in an operating margin of 17.6%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
CW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Curtiss-Wright Corporation reported a net income of 128.19M and revenue of 913.69M, resulting in a net margin of 14.0%.
Frequently Asked Questions
PH and CW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CW has higher volatility (10.40%) compared to PH (7.58%). In terms of maximum drawdown, PH dropped -66.92% vs CW's -59.19%.
CW currently has the higher Sharpe Ratio (1.83 vs 1.47), 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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