THO vs. WGO

Last updated Jun 4, 2026

THO (Thor Industries, Inc.) and WGO (Winnebago Industries, Inc.) are both stocks. Both operate in the Recreational Vehicles industry within the Consumer Cyclical sector. Over the past 10 years, THO returned 4.19%/yr vs 4.53%/yr for WGO. At a 0.47 correlation, their price movements are largely independent.

Performance

THO vs. WGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thor Industries, Inc. (THO) and Winnebago Industries, Inc. (WGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THO achieves a -21.40% return, which is significantly higher than WGO's -27.22% return. Over the past 10 years, THO has underperformed WGO with an annualized return of 4.19%, while WGO has yielded a comparatively higher 4.53% annualized return.

THO

• 1D: 2.86%
• 1M: 8.19%
• YTD: -21.40%
• 6M: -19.11%
• 1Y: -1.05%
• 3Y*: 1.18%
• 5Y*: -5.54%
• 10Y*: 4.19%

WGO

• 1D: -1.09%
• 1M: -4.99%
• YTD: -27.22%
• 6M: -21.46%
• 1Y: -11.69%
• 3Y*: -19.31%
• 5Y*: -14.58%
• 10Y*: 4.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

THO vs. WGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THO Thor Industries, Inc.	-21.40%	9.74%	-17.90%	59.77%	-25.57%	13.26%	27.97%	46.47%	-64.79%	52.43%
WGO Winnebago Industries, Inc.	-27.22%	-11.86%	-33.08%	40.87%	-28.69%	25.97%	14.19%	121.91%	-56.04%	77.77%

Correlation

The correlation between THO and WGO is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987	0.47

Over the past year, THO and WGO have become more correlated (0.77) than their long-term average of 0.47, meaning their price movements have been converging.

Fundamentals

Market Cap THO : $4.18B WGO : $825.36M
EPS THO : $4.93 WGO : $1.47
PE Ratio THO : 16.17 WGO : 19.72
PS Ratio THO : 0.43 WGO : 0.28
PB Ratio THO : 0.97 WGO : 0.40
Total Revenue (TTM) THO : $9.82B WGO : $2.91B
Gross Profit (TTM) THO : $1.21B WGO : $379.80M
EBITDA (TTM) THO : $489.04M WGO : $121.70M

Return for Risk

THO vs. WGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THO

THO Risk / Return Rank: 38
THO Sharpe Ratio Rank: 40
THO Sortino Ratio Rank: 35
THO Omega Ratio Rank: 35
THO Calmar Ratio Rank: 39
THO Martin Ratio Rank: 39

WGO

WGO Risk / Return Rank: 31
WGO Sharpe Ratio Rank: 31
WGO Sortino Ratio Rank: 30
WGO Omega Ratio Rank: 30
WGO Calmar Ratio Rank: 31
WGO Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THO vs. WGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thor Industries, Inc. (THO) and Winnebago Industries, Inc. (WGO). 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.

	THO	WGO	Difference
Sharpe ratio Return per unit of total volatility	-0.03	-0.22	+0.20
Sortino ratio Return per unit of downside risk	0.23	0.02	+0.21
Omega ratio Gain probability vs. loss probability	1.03	1.00	+0.03
Calmar ratio Return relative to maximum drawdown	-0.03	-0.27	+0.25
Martin ratio Return relative to average drawdown	-0.06	-0.59	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THO vs. WGO - Sharpe Ratio Comparison

The current THO Sharpe Ratio is -0.03, which is higher than the WGO Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of THO and WGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THO	WGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	-0.22	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	-0.33	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.09	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.10	+0.23

Drawdowns

THO vs. WGO - Drawdown Comparison

The maximum THO drawdown since its inception was -79.55%, smaller than the maximum WGO drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for THO and WGO.

Drawdown Indicators

	THO	WGO	Difference
Max Drawdown Largest peak-to-trough decline	-79.55%	-91.48%	+11.93%
Max Drawdown (1Y) Largest decline over 1 year	-39.66%	-42.83%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-48.40%	-60.53%	+12.13%
Max Drawdown (5Y) Largest decline over 5 years	-48.40%	-61.01%	+12.61%
Max Drawdown (10Y) Largest decline over 10 years	-76.94%	-67.12%	-9.82%
Current Drawdown Current decline from peak	-41.73%	-62.88%	+21.15%
Average Drawdown Average peak-to-trough decline	-24.14%	-40.70%	+16.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.07%	19.81%	-1.74%

Volatility

THO vs. WGO - Volatility Comparison

Thor Industries, Inc. (THO) and Winnebago Industries, Inc. (WGO) have volatilities of 9.74% and 9.92%, 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.

Volatility by Period

	THO	WGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	9.92%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	28.24%	28.71%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	37.41%	52.45%	-15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.78%	44.38%	-3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.31%	48.75%	-4.44%

Dividends

THO vs. WGO - Dividend Comparison

THO's dividend yield for the trailing twelve months is around 2.58%, less than WGO's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THO Thor Industries, Inc.	2.58%	1.97%	1.53%	1.57%	2.33%	1.62%	1.74%	2.13%	2.92%	0.93%	1.26%	2.03%
WGO Winnebago Industries, Inc.	4.80%	3.38%	2.66%	1.54%	1.54%	0.72%	0.75%	0.83%	1.65%	0.72%	1.26%	1.86%

Financials

THO vs. WGO - Profitability Comparison

The chart below illustrates the profitability comparison between Thor Industries, Inc. and Winnebago Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

THO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Thor Industries, Inc. reported a gross profit of 354.77M and revenue of 2.78B. Therefore, the gross margin over that period was 12.8%.

WGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Winnebago Industries, Inc. reported a gross profit of 85.60M and revenue of 657.40M. Therefore, the gross margin over that period was 13.0%.

THO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Thor Industries, Inc. reported an operating income of 96.02M and revenue of 2.78B, resulting in an operating margin of 3.5%.

WGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Winnebago Industries, Inc. reported an operating income of 11.80M and revenue of 657.40M, resulting in an operating margin of 1.8%.

THO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Thor Industries, Inc. reported a net income of 95.54M and revenue of 2.78B, resulting in a net margin of 3.4%.

WGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Winnebago Industries, Inc. reported a net income of 4.80M and revenue of 657.40M, resulting in a net margin of 0.7%.

Frequently Asked Questions

Can I hold both THO and WGO in my portfolio?

THO and WGO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THO or WGO?

WGO has higher volatility (9.92%) compared to THO (9.74%). In terms of maximum drawdown, THO dropped -79.55% vs WGO's -91.48%.

Which has better risk-adjusted returns?

THO currently has the higher Sharpe Ratio (-0.03 vs -0.22), 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.