SPXC vs. AWI
SPXC (SPX Corporation) and AWI (Armstrong World Industries, Inc.) are both stocks. Both are in the Industrials sector — SPXC in Specialty Industrial Machinery, AWI in Building Products & Equipment. Over the past 10 years, SPXC returned 30.96%/yr vs 15.14%/yr for AWI. At a 0.48 correlation, their price movements are largely independent.
Performance
SPXC vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, SPXC achieves a 14.94% return, which is significantly higher than AWI's -20.09% return. Over the past 10 years, SPXC has outperformed AWI with an annualized return of 30.96%, while AWI has yielded a comparatively lower 15.14% annualized return.
SPXC
- 1D
- 0.94%
- 1M
- 13.37%
- YTD
- 14.94%
- 6M
- 11.54%
- 1Y
- 45.81%
- 3Y*
- 39.57%
- 5Y*
- 30.08%
- 10Y*
- 30.96%
AWI
- 1D
- -1.98%
- 1M
- -5.79%
- YTD
- -20.09%
- 6M
- -17.11%
- 1Y
- -1.02%
- 3Y*
- 32.94%
- 5Y*
- 8.21%
- 10Y*
- 15.14%
SPXC vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 14.94% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
AWI Armstrong World Industries, Inc. | -20.09% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between SPXC and AWI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2006 | 0.48 |
The correlation between SPXC and AWI has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
Fundamentals
SPXC:
$11.62B
AWI:
$6.57B
SPXC:
$5.19
AWI:
$7.04
SPXC:
44.32
AWI:
21.60
SPXC:
0.01
AWI:
1.30
SPXC:
4.78
AWI:
4.02
SPXC:
5.08
AWI:
7.36
SPXC:
$2.35B
AWI:
$1.65B
SPXC:
$909.30M
AWI:
$664.10M
SPXC:
$475.30M
AWI:
$578.40M
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Return for Risk
SPXC vs. AWI — Risk / Return Rank
SPXC
AWI
SPXC vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and Armstrong World Industries, Inc. (AWI). 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.
| SPXC | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.04 | +2.03 |
| Martin ratioReturn relative to average drawdown | 5.09 | -0.10 | +5.18 |
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
| SPXC | AWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | -0.04 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.32 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.51 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.30 | +0.04 |
Drawdowns
SPXC vs. AWI - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, roughly equal to the maximum AWI drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for SPXC and AWI.
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Drawdown Indicators
| SPXC | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -80.98% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -24.91% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -24.91% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -46.06% | +7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -46.44% | -3.82% |
Current DrawdownCurrent decline from peak | -5.39% | -24.91% | +19.52% |
Average DrawdownAverage peak-to-trough decline | -29.02% | -18.25% | -10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 10.70% | -1.67% |
Volatility
SPXC vs. AWI - Volatility Comparison
SPX Corporation (SPXC) has a higher volatility of 10.68% compared to Armstrong World Industries, Inc. (AWI) at 7.57%. This indicates that SPXC's price experiences larger fluctuations and is considered to be riskier than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXC | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 7.57% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 20.21% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.54% | 25.43% | +11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 26.16% | +8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 29.96% | +7.50% |
Dividends
SPXC vs. AWI - Dividend Comparison
SPXC has not paid dividends to shareholders, while AWI's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.87% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
SPXC vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation and Armstrong World Industries, 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
SPXC vs. AWI - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
Frequently Asked Questions
SPXC and AWI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXC has higher volatility (10.68%) compared to AWI (7.57%). In terms of maximum drawdown, SPXC dropped -81.12% vs AWI's -80.98%.
SPXC currently has the higher Sharpe Ratio (1.26 vs -0.04), 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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