PYPL vs. WSO
PYPL (PayPal Holdings, Inc.) and WSO (Watsco, Inc.) are both stocks. PYPL operates in Credit Services (Financial Services), while WSO operates in Industrial Distribution (Industrials). Over the past 10 years, PYPL returned 1.49%/yr vs 14.68%/yr for WSO. At a 0.32 correlation, their price movements are largely independent.
Performance
PYPL vs. WSO - Performance Comparison
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Returns By Period
In the year-to-date period, PYPL achieves a -26.76% return, which is significantly lower than WSO's 16.03% return. Over the past 10 years, PYPL has underperformed WSO with an annualized return of 1.49%, while WSO has yielded a comparatively higher 14.68% annualized return.
PYPL
- 1D
- 2.31%
- 1M
- -4.01%
- YTD
- -26.76%
- 6M
- -29.60%
- 1Y
- -39.49%
- 3Y*
- -13.59%
- 5Y*
- -30.73%
- 10Y*
- 1.49%
WSO
- 1D
- 1.14%
- 1M
- -4.55%
- YTD
- 16.03%
- 6M
- 13.46%
- 1Y
- -8.15%
- 3Y*
- 4.33%
- 5Y*
- 9.38%
- 10Y*
- 14.68%
PYPL vs. WSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | -26.76% | -31.44% | 38.98% | -13.77% | -62.23% | -19.48% | 116.51% | 28.64% | 14.22% | 86.52% |
WSO Watsco, Inc. | 16.03% | -27.02% | 13.22% | 77.00% | -17.74% | 42.09% | 30.57% | 34.99% | -15.54% | 18.36% |
Correlation
The correlation between PYPL and WSO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2015 | 0.32 |
Fundamentals
PYPL:
$39.09B
WSO:
$14.61B
PYPL:
$5.31
WSO:
$13.08
PYPL:
8.01
WSO:
29.42
PYPL:
0.39
WSO:
5.72
PYPL:
1.20
WSO:
2.02
PYPL:
1.95
WSO:
4.54
PYPL:
$33.73B
WSO:
$7.24B
PYPL:
$15.56B
WSO:
$2.05B
PYPL:
$7.23B
WSO:
$778.38M
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Return for Risk
PYPL vs. WSO — Risk / Return Rank
PYPL
WSO
PYPL vs. WSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PayPal Holdings, Inc. (PYPL) and Watsco, Inc. (WSO). 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.
| PYPL | WSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.98 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.24 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.38 | -0.41 | -0.96 |
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Drawdowns
PYPL vs. WSO - Drawdown Comparison
The maximum PYPL drawdown since its inception was -87.30%, which is greater than WSO's maximum drawdown of -64.30%. Use the drawdown chart below to compare losses from any high point for PYPL and WSO.
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Drawdown Indicators
| PYPL | WSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.30% | -64.30% | -23.00% |
Max Drawdown (1Y)Largest decline over 1 year | -49.92% | -33.42% | -16.50% |
Max Drawdown (3Y)Largest decline over 3 years | -57.34% | -41.62% | -15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -87.30% | -41.62% | -45.68% |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | -41.62% | -45.68% |
Current DrawdownCurrent decline from peak | -86.11% | -29.44% | -56.67% |
Average DrawdownAverage peak-to-trough decline | -35.91% | -18.06% | -17.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.73% | 19.84% | +8.89% |
Volatility
PYPL vs. WSO - Volatility Comparison
The current volatility for PayPal Holdings, Inc. (PYPL) is 7.51%, while Watsco, Inc. (WSO) has a volatility of 9.18%. This indicates that PYPL experiences smaller price fluctuations and is considered to be less risky than WSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYPL | WSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 9.18% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 31.81% | 22.53% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.92% | 31.51% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.10% | 30.21% | +11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.79% | 27.84% | +10.95% |
Dividends
PYPL vs. WSO - Dividend Comparison
PYPL's dividend yield for the trailing twelve months is around 0.99%, less than WSO's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | 0.99% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WSO Watsco, Inc. | 3.20% | 3.47% | 2.23% | 2.29% | 3.43% | 2.44% | 3.06% | 3.55% | 4.02% | 2.71% | 2.43% | 2.39% |
Financials
PYPL vs. WSO - Financials Comparison
This section allows you to compare key financial metrics between PayPal Holdings, Inc. and Watsco, 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
PYPL vs. WSO - Profitability Comparison
PYPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a gross profit of 3.81B and revenue of 8.35B. Therefore, the gross margin over that period was 45.6%.
WSO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a gross profit of 427.56M and revenue of 1.53B. Therefore, the gross margin over that period was 27.9%.
PYPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported an operating income of 1.49B and revenue of 8.35B, resulting in an operating margin of 17.8%.
WSO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported an operating income of 110.18M and revenue of 1.53B, resulting in an operating margin of 7.2%.
PYPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a net income of 1.11B and revenue of 8.35B, resulting in a net margin of 13.3%.
WSO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a net income of 79.07M and revenue of 1.53B, resulting in a net margin of 5.2%.
Frequently Asked Questions
PYPL and WSO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSO has higher volatility (9.18%) compared to PYPL (7.51%). In terms of maximum drawdown, PYPL dropped -87.30% vs WSO's -64.30%.
WSO currently has the higher Sharpe Ratio (-0.26 vs -1.02), 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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