PH vs. NWN
PH (Parker-Hannifin Corporation) and NWN (Northwest Natural Holding Company) are both stocks. PH operates in Specialty Industrial Machinery (Industrials), while NWN operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, PH returned 25.97%/yr vs 0.95%/yr for NWN. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
PH vs. NWN - Performance Comparison
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Returns By Period
In the year-to-date period, PH achieves a 11.56% return, which is significantly higher than NWN's 7.82% return. Over the past 10 years, PH has outperformed NWN with an annualized return of 25.97%, while NWN has yielded a comparatively lower 0.95% annualized return.
PH
- 1D
- 1.43%
- 1M
- 1.32%
- 6M
- 4.78%
- YTD
- 11.56%
- 1Y
- 34.58%
- 3Y*
- 34.53%
- 5Y*
- 27.26%
- 10Y*
- 25.97%
- ALL TIME*
- 14.99%
NWN
- 1D
- -1.25%
- 1M
- 1.39%
- 6M
- 7.11%
- YTD
- 7.82%
- 1Y
- 27.60%
- 3Y*
- 9.99%
- 5Y*
- 3.12%
- 10Y*
- 0.95%
- ALL TIME*
- 7.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.16M | $10.61M | $13.82M | |
| $537.51M | $523.59M | $635.17M |
PH vs. NWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PH Parker-Hannifin Corporation | 11.56% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
NWN Northwest Natural Holding Company | 7.82% | 23.75% | 6.77% | -14.45% | 1.49% | 10.26% | -35.52% | 25.46% | 4.48% | 2.82% |
Correlation
The correlation between PH and NWN is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
The correlation between PH and NWN shifts across timeframes, from 0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PH:
$123.13B
NWN:
$2.06B
PH:
$27.15
NWN:
$4.49
PH:
35.96
NWN:
10.90
PH:
1.52
NWN:
2.86
PH:
5.96
NWN:
1.04
PH:
$20.99B
NWN:
$1.29B
PH:
$7.81B
NWN:
$288.00M
PH:
$5.31B
NWN:
$426.96M
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Return for Risk
PH vs. NWN — Risk / Return Rank
PH
NWN
PH vs. NWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) and Northwest Natural Holding Company (NWN). 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 | NWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.06 | -0.26 |
| Martin ratioReturn relative to average drawdown | 5.07 | 5.01 | +0.06 |
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Drawdowns
PH vs. NWN - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, which is greater than NWN's maximum drawdown of -46.27%. Use the drawdown chart below to compare losses from any high point for PH and NWN.
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Drawdown Indicators
| PH | NWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -46.27% | -20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -13.46% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -15.14% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -32.09% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | -46.27% | -8.41% |
Current DrawdownCurrent decline from peak | -4.33% | -16.22% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -15.30% | -12.15% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.85% | 5.53% | +1.32% |
Volatility
PH vs. NWN - Volatility Comparison
Parker-Hannifin Corporation (PH) and Northwest Natural Holding Company (NWN) have volatilities of 6.43% and 6.67%, 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
| PH | NWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 6.67% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 16.71% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 20.31% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 22.83% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.62% | 28.19% | +3.43% |
Dividends
PH vs. NWN - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.76%, less than NWN's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 4.03% | 4.20% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% |
PH Parker-Hannifin Corporation | 0.76% | 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. NWN - Financials Comparison
This section allows you to compare key financial metrics between Parker-Hannifin Corporation and Northwest Natural Holding 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
PH vs. NWN - Profitability Comparison
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
NWN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northwest Natural Holding Company reported a gross profit of 0.00 and revenue of 490.40M. Therefore, the gross margin over that period was 0.0%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
NWN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northwest Natural Holding Company reported an operating income of 162.87M and revenue of 490.40M, resulting in an operating margin of 33.2%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
NWN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northwest Natural Holding Company reported a net income of 97.49M and revenue of 490.40M, resulting in a net margin of 19.9%.
Frequently Asked Questions
PH and NWN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWN has higher volatility (6.67%) compared to PH (6.43%). In terms of maximum drawdown, PH dropped -66.92% vs NWN's -46.27%.
NWN currently has the higher Sharpe Ratio (1.37 vs 1.35), 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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