TNC vs. FUL
TNC (Tennant Company) and FUL (H.B. Fuller Company) are both stocks. TNC operates in Specialty Industrial Machinery (Industrials), while FUL operates in Specialty Chemicals (Basic Materials). Over the past 10 years, TNC returned 6.04%/yr vs 3.54%/yr for FUL. At a 0.37 correlation, their price movements are largely independent.
Performance
TNC vs. FUL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TNC achieves a 16.75% return, which is significantly higher than FUL's 1.73% return. Over the past 10 years, TNC has outperformed FUL with an annualized return of 6.04%, while FUL has yielded a comparatively lower 3.54% annualized return.
TNC
- 1D
- 1.55%
- 1M
- -1.73%
- YTD
- 16.75%
- 6M
- 17.66%
- 1Y
- 16.14%
- 3Y*
- 3.63%
- 5Y*
- 1.99%
- 10Y*
- 6.04%
FUL
- 1D
- 0.25%
- 1M
- -1.99%
- YTD
- 1.73%
- 6M
- 4.84%
- 1Y
- 8.55%
- 3Y*
- -1.57%
- 5Y*
- -1.62%
- 10Y*
- 3.54%
TNC vs. FUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNC Tennant Company | 16.75% | -8.22% | -11.03% | 52.62% | -22.84% | 16.87% | -8.78% | 51.57% | -27.40% | 3.32% |
FUL H.B. Fuller Company | 1.73% | -10.46% | -16.19% | 14.97% | -10.59% | 57.84% | 2.15% | 22.42% | -19.84% | 12.79% |
Correlation
The correlation between TNC and FUL is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 1992 | 0.37 |
Over the past year, TNC and FUL have become more correlated (0.58) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
TNC:
$1.52B
FUL:
$3.33B
TNC:
$1.69
FUL:
$2.88
TNC:
50.54
FUL:
20.81
TNC:
1.29
FUL:
0.96
TNC:
2.86
FUL:
1.61
TNC:
$1.21B
FUL:
$3.46B
TNC:
$477.90M
FUL:
$1.11B
TNC:
$97.00M
FUL:
$495.48M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TNC vs. FUL — Risk / Return Rank
TNC
FUL
TNC vs. FUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennant Company (TNC) and H.B. Fuller Company (FUL). 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.
| TNC | FUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.32 | +0.27 |
| Martin ratioReturn relative to average drawdown | 1.54 | 0.98 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TNC | FUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.25 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.06 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.11 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.04 |
Drawdowns
TNC vs. FUL - Drawdown Comparison
The maximum TNC drawdown since its inception was -83.81%, which is greater than FUL's maximum drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for TNC and FUL.
Loading charts...
Drawdown Indicators
| TNC | FUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -68.25% | -15.56% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -26.97% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -48.98% | -43.45% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -43.45% | -5.53% |
Max Drawdown (10Y)Largest decline over 10 years | -48.98% | -56.29% | +7.31% |
Current DrawdownCurrent decline from peak | -28.29% | -28.49% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -18.76% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.50% | 8.70% | +1.80% |
Volatility
TNC vs. FUL - Volatility Comparison
The current volatility for Tennant Company (TNC) is 8.33%, while H.B. Fuller Company (FUL) has a volatility of 11.03%. This indicates that TNC experiences smaller price fluctuations and is considered to be less risky than FUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TNC | FUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 11.03% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 32.90% | 26.42% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.29% | 34.82% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 29.38% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 31.11% | +1.05% |
Dividends
TNC vs. FUL - Dividend Comparison
TNC's dividend yield for the trailing twelve months is around 1.44%, less than FUL's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUL H.B. Fuller Company | 1.58% | 1.56% | 1.29% | 0.99% | 1.03% | 0.82% | 1.25% | 1.23% | 1.44% | 1.10% | 1.14% | 1.40% |
TNC Tennant Company | 1.44% | 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. FUL - Financials Comparison
This section allows you to compare key financial metrics between Tennant Company and H.B. Fuller Company. 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. FUL - 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%.
FUL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H.B. Fuller Company reported a gross profit of 240.99M and revenue of 770.84M. Therefore, the gross margin over that period was 31.3%.
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%.
FUL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H.B. Fuller Company reported an operating income of 60.86M and revenue of 770.84M, resulting in an operating margin of 7.9%.
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%.
FUL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H.B. Fuller Company reported a net income of 21.05M and revenue of 770.84M, resulting in a net margin of 2.7%.
Frequently Asked Questions
TNC and FUL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUL has higher volatility (11.03%) compared to TNC (8.33%). In terms of maximum drawdown, TNC dropped -83.81% vs FUL's -68.25%.
TNC currently has the higher Sharpe Ratio (0.46 vs 0.25), 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.
Find the right allocation for TNC and FUL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer