TR vs. CWT

Last updated Jun 4, 2026

TR (Tootsie Roll Industries, Inc.) and CWT (California Water Service Group) are both stocks. TR operates in Confectioners (Consumer Defensive), while CWT operates in Utilities - Regulated Water (Utilities). Over the past 10 years, TR returned 3.28%/yr vs 6.17%/yr for CWT. At a 0.30 correlation, their price movements are largely independent.

Performance

TR vs. CWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tootsie Roll Industries, Inc. (TR) and California Water Service Group (CWT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TR achieves a 6.12% return, which is significantly higher than CWT's 4.87% return. Over the past 10 years, TR has underperformed CWT with an annualized return of 3.28%, while CWT has yielded a comparatively higher 6.17% annualized return.

TR

• 1D: 0.64%
• 1M: -9.93%
• YTD: 6.12%
• 6M: 3.74%
• 1Y: 10.19%
• 3Y*: 3.39%
• 5Y*: 6.70%
• 10Y*: 3.28%

CWT

• 1D: -1.30%
• 1M: 4.76%
• YTD: 4.87%
• 6M: 2.09%
• 1Y: -1.25%
• 3Y*: -5.91%
• 5Y*: -2.53%
• 10Y*: 6.17%

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

TR vs. CWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TR Tootsie Roll Industries, Inc.	6.12%	17.87%	1.36%	-18.76%	22.25%	27.01%	-12.02%	3.23%	-7.18%	-4.77%
CWT California Water Service Group	4.87%	-1.81%	-10.64%	-12.83%	-14.13%	35.05%	6.68%	9.85%	7.06%	36.39%

Correlation

The correlation between TR and CWT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990	0.30

The correlation between TR and CWT shifts across timeframes, from 0.26 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TR : $2.83B CWT : $2.67B
EPS TR : $1.36 CWT : $1.99
PE Ratio TR : 27.75 CWT : 22.46
PEG Ratio TR : 2.34 CWT : 0.54
PS Ratio TR : 3.76 CWT : 2.64
PB Ratio TR : 2.98 CWT : 1.50
Total Revenue (TTM) TR : $735.61M CWT : $1.01B
Gross Profit (TTM) TR : $257.59M CWT : $366.63M
EBITDA (TTM) TR : $138.31M CWT : $329.51M

Return for Risk

TR vs. CWT — Risk / Return Rank

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

TR

TR Risk / Return Rank: 50
TR Sharpe Ratio Rank: 54
TR Sortino Ratio Rank: 46
TR Omega Ratio Rank: 46
TR Calmar Ratio Rank: 52
TR Martin Ratio Rank: 53

CWT

CWT Risk / Return Rank: 35
CWT Sharpe Ratio Rank: 38
CWT Sortino Ratio Rank: 32
CWT Omega Ratio Rank: 32
CWT Calmar Ratio Rank: 37
CWT Martin Ratio Rank: 37

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.

TR vs. CWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tootsie Roll Industries, Inc. (TR) and California Water Service Group (CWT). 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.

	TR	CWT	Difference
Sharpe ratio Return per unit of total volatility	0.39	-0.05	+0.44
Sortino ratio Return per unit of downside risk	0.68	0.09	+0.59
Omega ratio Gain probability vs. loss probability	1.09	1.01	+0.08
Calmar ratio Return relative to maximum drawdown	0.51	-0.09	+0.60
Martin ratio Return relative to average drawdown	1.18	-0.16	+1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TR vs. CWT - Sharpe Ratio Comparison

The current TR Sharpe Ratio is 0.39, which is higher than the CWT Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of TR and CWT, 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

	TR	CWT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	-0.05	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	-0.10	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.22	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.31	0.00

Drawdowns

TR vs. CWT - Drawdown Comparison

The maximum TR drawdown since its inception was -44.74%, which is greater than CWT's maximum drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for TR and CWT.

Drawdown Indicators

	TR	CWT	Difference
Max Drawdown Largest peak-to-trough decline	-44.74%	-38.21%	-6.53%
Max Drawdown (1Y) Largest decline over 1 year	-20.03%	-14.59%	-5.44%
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	-25.08%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-36.41%	-38.21%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	-36.41%	-38.21%	+1.80%
Current Drawdown Current decline from peak	-15.96%	-31.13%	+15.17%
Average Drawdown Average peak-to-trough decline	-16.76%	-11.69%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.65%	7.66%	+0.99%

Volatility

TR vs. CWT - Volatility Comparison

Tootsie Roll Industries, Inc. (TR) has a higher volatility of 9.28% compared to California Water Service Group (CWT) at 6.86%. This indicates that TR's price experiences larger fluctuations and is considered to be riskier than CWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TR	CWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	6.86%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	16.34%	18.94%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	24.09%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	24.27%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.28%	27.74%	-2.46%

Dividends

TR vs. CWT - Dividend Comparison

TR's dividend yield for the trailing twelve months is around 0.94%, less than CWT's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWT California Water Service Group	2.84%	2.86%	2.47%	2.01%	1.65%	1.28%	1.57%	1.53%	1.57%	1.59%	2.04%	2.88%
TR Tootsie Roll Industries, Inc.	0.94%	0.98%	1.11%	1.08%	0.85%	0.99%	1.21%	1.05%	1.08%	0.99%	0.91%	1.11%

Financials

TR vs. CWT - Profitability Comparison

The chart below illustrates the profitability comparison between Tootsie Roll Industries, Inc. and California Water Service Group over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a gross profit of 49.77M and revenue of 151.54M. Therefore, the gross margin over that period was 32.8%.

CWT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported a gross profit of 0.00 and revenue of 214.57M. Therefore, the gross margin over that period was 0.0%.

TR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported an operating income of 23.21M and revenue of 151.54M, resulting in an operating margin of 15.3%.

CWT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported an operating income of 18.16M and revenue of 214.57M, resulting in an operating margin of 8.5%.

TR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a net income of 17.66M and revenue of 151.54M, resulting in a net margin of 11.7%.

CWT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, California Water Service Group reported a net income of 4.04M and revenue of 214.57M, resulting in a net margin of 1.9%.

Frequently Asked Questions

Can I hold both TR and CWT in my portfolio?

TR and CWT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TR or CWT?

TR has higher volatility (9.28%) compared to CWT (6.86%). In terms of maximum drawdown, TR dropped -44.74% vs CWT's -38.21%.

Which has better risk-adjusted returns?

TR currently has the higher Sharpe Ratio (0.39 vs -0.05), 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.