RVTY vs. WAT
RVTY (Revvity Inc.) and WAT (Waters Corporation) are both stocks. Both operate in the Diagnostics & Research industry within the Healthcare sector. Over the past 10 years, RVTY returned 7.77%/yr vs 9.81%/yr for WAT. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
RVTY vs. WAT - Performance Comparison
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Returns By Period
In the year-to-date period, RVTY achieves a 16.22% return, which is significantly higher than WAT's -0.90% return. Over the past 10 years, RVTY has underperformed WAT with an annualized return of 7.77%, while WAT has yielded a comparatively higher 9.81% annualized return.
RVTY
- 1D
- -0.58%
- 1M
- 12.67%
- 6M
- 7.68%
- YTD
- 16.22%
- 1Y
- 10.95%
- 3Y*
- -1.65%
- 5Y*
- -5.90%
- 10Y*
- 7.77%
WAT
- 1D
- -0.19%
- 1M
- 5.88%
- 6M
- -5.12%
- YTD
- -0.90%
- 1Y
- 6.66%
- 3Y*
- 12.62%
- 5Y*
- 0.38%
- 10Y*
- 9.81%
RVTY vs. WAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RVTY Revvity Inc. | 16.22% | -13.07% | 2.37% | -21.87% | -30.13% | 40.37% | 48.20% | 24.01% | 7.80% | 40.99% |
WAT Waters Corporation | -0.90% | 2.39% | 12.68% | -3.90% | -8.06% | 50.59% | 5.89% | 23.85% | -2.35% | 43.75% |
Correlation
The correlation between RVTY and WAT is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 1995 | 0.50 |
Over the past year, RVTY and WAT have become more correlated (0.76) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
RVTY:
$12.53B
WAT:
$24.54B
RVTY:
$2.11
WAT:
$6.69
RVTY:
53.25
WAT:
56.29
RVTY:
4.42
WAT:
6.71
RVTY:
1.75
WAT:
2.02
RVTY:
$2.90B
WAT:
$3.77B
RVTY:
$1.49B
WAT:
$2.07B
RVTY:
$668.92M
WAT:
$924.47M
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Return for Risk
RVTY vs. WAT — Risk / Return Rank
RVTY
WAT
RVTY vs. WAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Revvity Inc. (RVTY) and Waters Corporation (WAT). 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.
| RVTY | WAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.21 | +0.12 |
| Martin ratioReturn relative to average drawdown | 0.66 | 0.42 | +0.24 |
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Drawdowns
RVTY vs. WAT - Drawdown Comparison
The maximum RVTY drawdown since its inception was -92.39%, which is greater than WAT's maximum drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for RVTY and WAT.
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Drawdown Indicators
| RVTY | WAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.39% | -80.12% | -12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -30.09% | -31.32% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -37.24% | -33.45% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -59.01% | -44.27% | -14.74% |
Max Drawdown (10Y)Largest decline over 10 years | -59.01% | -44.27% | -14.74% |
Current DrawdownCurrent decline from peak | -43.54% | -11.37% | -32.17% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -23.94% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 15.74% | -0.63% |
Volatility
RVTY vs. WAT - Volatility Comparison
Revvity Inc. (RVTY) has a higher volatility of 11.88% compared to Waters Corporation (WAT) at 6.60%. This indicates that RVTY's price experiences larger fluctuations and is considered to be riskier than WAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RVTY | WAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.88% | 6.60% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 29.94% | 29.93% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.71% | 39.04% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.37% | 33.62% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.91% | 30.79% | +0.12% |
Dividends
RVTY vs. WAT - Dividend Comparison
RVTY's dividend yield for the trailing twelve months is around 0.25%, while WAT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVTY Revvity Inc. | 0.25% | 0.29% | 0.25% | 0.26% | 0.20% | 0.14% | 0.20% | 0.29% | 0.36% | 0.48% | 0.54% | 0.52% |
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RVTY vs. WAT - Financials Comparison
This section allows you to compare key financial metrics between Revvity Inc. and Waters 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
RVTY vs. WAT - Profitability Comparison
RVTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Revvity Inc. reported a gross profit of 387.66M and revenue of 711.12M. Therefore, the gross margin over that period was 54.5%.
WAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Waters Corporation reported a gross profit of 595.00M and revenue of 1.27B. Therefore, the gross margin over that period was 47.0%.
RVTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Revvity Inc. reported an operating income of 75.89M and revenue of 711.12M, resulting in an operating margin of 10.7%.
WAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Waters Corporation reported an operating income of -47.00M and revenue of 1.27B, resulting in an operating margin of -3.7%.
RVTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Revvity Inc. reported a net income of 40.72M and revenue of 711.12M, resulting in a net margin of 5.7%.
WAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Waters Corporation reported a net income of -72.00M and revenue of 1.27B, resulting in a net margin of -5.7%.
Frequently Asked Questions
RVTY and WAT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVTY has higher volatility (11.88%) compared to WAT (6.60%). In terms of maximum drawdown, RVTY dropped -92.39% vs WAT's -80.12%.
RVTY currently has the higher Sharpe Ratio (0.25 vs 0.17), 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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