TNC vs. ETN
TNC (Tennant Company) and ETN (Eaton Corporation plc) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, TNC returned 6.98%/yr vs 24.31%/yr for ETN. At a 0.37 correlation, their price movements are largely independent.
Performance
TNC vs. ETN - Performance Comparison
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Returns By Period
In the year-to-date period, TNC achieves a 21.03% return, which is significantly lower than ETN's 27.99% return. Over the past 10 years, TNC has underperformed ETN with an annualized return of 6.98%, while ETN has yielded a comparatively higher 24.31% annualized return.
TNC
- 1D
- -1.90%
- 1M
- 5.82%
- YTD
- 21.03%
- 6M
- 18.43%
- 1Y
- 17.42%
- 3Y*
- 5.12%
- 5Y*
- 3.27%
- 10Y*
- 6.98%
ETN
- 1D
- -7.00%
- 1M
- 3.56%
- YTD
- 27.99%
- 6M
- 26.29%
- 1Y
- 23.13%
- 3Y*
- 29.40%
- 5Y*
- 24.68%
- 10Y*
- 24.31%
TNC vs. ETN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNC Tennant Company | 21.03% | -8.22% | -11.03% | 52.62% | -22.84% | 16.87% | -8.78% | 51.57% | -27.40% | 3.32% |
ETN Eaton Corporation plc | 27.99% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 21.54% |
Correlation
The correlation between TNC and ETN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1992 | 0.37 |
The correlation between TNC and ETN shifts across timeframes, from 0.37 (all time) to 0.50 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TNC:
$1.57B
ETN:
$157.73B
TNC:
$1.69
ETN:
$10.22
TNC:
52.39
ETN:
39.64
TNC:
1.34
ETN:
5.55
TNC:
2.96
ETN:
7.98
TNC:
$1.21B
ETN:
$28.52B
TNC:
$477.90M
ETN:
$7.87B
TNC:
$97.00M
ETN:
$4.75B
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Return for Risk
TNC vs. ETN — Risk / Return Rank
TNC
ETN
TNC vs. ETN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennant Company (TNC) and Eaton Corporation plc (ETN). 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.
| TNC | ETN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.21 | -0.58 |
| Martin ratioReturn relative to average drawdown | 1.66 | 2.61 | -0.95 |
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Drawdowns
TNC vs. ETN - Drawdown Comparison
The maximum TNC drawdown since its inception was -83.81%, which is greater than ETN's maximum drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for TNC and ETN.
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Drawdown Indicators
| TNC | ETN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -68.95% | -14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -19.14% | -8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -48.98% | -34.46% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -34.46% | -14.52% |
Max Drawdown (10Y)Largest decline over 10 years | -48.98% | -44.55% | -4.43% |
Current DrawdownCurrent decline from peak | -25.66% | -7.00% | -18.66% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -14.89% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.50% | 8.89% | +1.61% |
Volatility
TNC vs. ETN - Volatility Comparison
The current volatility for Tennant Company (TNC) is 8.60%, while Eaton Corporation plc (ETN) has a volatility of 15.38%. This indicates that TNC experiences smaller price fluctuations and is considered to be less risky than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNC | ETN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.60% | 15.38% | -6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.29% | 27.40% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.66% | 34.23% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 30.47% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 30.15% | +2.02% |
Dividends
TNC vs. ETN - Dividend Comparison
TNC's dividend yield for the trailing twelve months is around 1.39%, more than ETN's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.06% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
TNC Tennant Company | 1.39% | 1.62% | 1.39% | 1.16% | 1.65% | 1.16% | 1.27% | 1.13% | 1.63% | 1.16% | 1.14% | 1.42% |
Financials
TNC vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Tennant Company and Eaton Corporation plc. 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
TNC vs. ETN - Profitability Comparison
TNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tennant Company reported a gross profit of 113.60M and revenue of 297.90M. Therefore, the gross margin over that period was 38.1%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.
TNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tennant Company reported an operating income of 4.90M and revenue of 297.90M, resulting in an operating margin of 1.6%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 0.0%.
TNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tennant Company reported a net income of 200.00K and revenue of 297.90M, resulting in a net margin of 0.1%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.
Frequently Asked Questions
TNC and ETN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (15.38%) compared to TNC (8.60%). In terms of maximum drawdown, TNC dropped -83.81% vs ETN's -68.95%.
ETN currently has the higher Sharpe Ratio (0.68 vs 0.49), 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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