SPXC vs. WTS
SPXC (SPX Corporation) and WTS (Watts Water Technologies, Inc.) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, SPXC returned 30.96%/yr vs 19.63%/yr for WTS. At a 0.36 correlation, their price movements are largely independent.
Performance
SPXC vs. WTS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPXC having a 14.94% return and WTS slightly lower at 14.71%. Over the past 10 years, SPXC has outperformed WTS with an annualized return of 30.96%, while WTS has yielded a comparatively lower 19.63% 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%
WTS
- 1D
- 0.41%
- 1M
- 6.48%
- YTD
- 14.71%
- 6M
- 16.79%
- 1Y
- 29.91%
- 3Y*
- 22.89%
- 5Y*
- 18.24%
- 10Y*
- 19.63%
SPXC vs. WTS - 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% |
WTS Watts Water Technologies, Inc. | 14.71% | 36.85% | -1.62% | 43.57% | -24.08% | 60.63% | 23.14% | 56.20% | -14.13% | 17.84% |
Correlation
The correlation between SPXC and WTS is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 1986 | 0.36 |
The correlation between SPXC and WTS shifts across timeframes, from 0.36 (all time) to 0.61 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SPXC:
$11.62B
WTS:
$10.57B
SPXC:
$5.19
WTS:
$10.95
SPXC:
44.32
WTS:
28.82
SPXC:
0.01
WTS:
1.35
SPXC:
4.78
WTS:
4.13
SPXC:
5.08
WTS:
5.04
SPXC:
$2.35B
WTS:
$2.56B
SPXC:
$909.30M
WTS:
$1.26B
SPXC:
$475.30M
WTS:
$556.30M
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Return for Risk
SPXC vs. WTS — Risk / Return Rank
SPXC
WTS
SPXC vs. WTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and Watts Water Technologies, Inc. (WTS). 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 | WTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.94 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.09 | 5.04 | +0.05 |
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 | WTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.34 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.66 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.70 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.34 | 0.00 |
Drawdowns
SPXC vs. WTS - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, which is greater than WTS's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for SPXC and WTS.
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Drawdown Indicators
| SPXC | WTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -63.68% | -17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -15.45% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -19.54% | -14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -44.08% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -44.08% | -6.18% |
Current DrawdownCurrent decline from peak | -5.39% | -5.81% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -29.02% | -16.20% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 5.95% | +3.08% |
Volatility
SPXC vs. WTS - Volatility Comparison
SPX Corporation (SPXC) has a higher volatility of 10.68% compared to Watts Water Technologies, Inc. (WTS) at 5.17%. This indicates that SPXC's price experiences larger fluctuations and is considered to be riskier than WTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXC | WTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 5.17% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 16.23% | +11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.54% | 22.52% | +14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 27.76% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 28.22% | +9.24% |
Dividends
SPXC vs. WTS - Dividend Comparison
SPXC has not paid dividends to shareholders, while WTS's dividend yield for the trailing twelve months is around 0.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WTS Watts Water Technologies, Inc. | 0.69% | 0.72% | 0.81% | 0.66% | 0.79% | 0.52% | 0.76% | 0.90% | 1.27% | 0.99% | 1.09% | 1.33% |
Financials
SPXC vs. WTS - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation and Watts Water Technologies, 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. WTS - 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%.
WTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a gross profit of 326.10M and revenue of 677.30M. Therefore, the gross margin over that period was 48.2%.
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%.
WTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported an operating income of 133.00M and revenue of 677.30M, resulting in an operating margin of 19.6%.
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%.
WTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a net income of 99.60M and revenue of 677.30M, resulting in a net margin of 14.7%.
Frequently Asked Questions
SPXC and WTS have a correlation of 0.53, 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 WTS (5.17%). In terms of maximum drawdown, SPXC dropped -81.12% vs WTS's -63.68%.
WTS currently has the higher Sharpe Ratio (1.34 vs 1.26), 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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