TT vs. AME
TT (Trane Technologies plc) and AME (AMETEK, Inc.) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, TT returned 23.51%/yr vs 17.63%/yr for AME. At a 0.41 correlation, their price movements are largely independent.
Performance
TT vs. AME - Performance Comparison
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Returns By Period
In the year-to-date period, TT achieves a 19.44% return, which is significantly higher than AME's 11.60% return. Over the past 10 years, TT has outperformed AME with an annualized return of 23.51%, while AME has yielded a comparatively lower 17.63% annualized return.
TT
- 1D
- -0.45%
- 1M
- -2.87%
- YTD
- 19.44%
- 6M
- 14.95%
- 1Y
- 8.19%
- 3Y*
- 40.43%
- 5Y*
- 22.11%
- 10Y*
- 23.51%
AME
- 1D
- 0.23%
- 1M
- -2.46%
- YTD
- 11.60%
- 6M
- 15.19%
- 1Y
- 29.93%
- 3Y*
- 16.17%
- 5Y*
- 11.41%
- 10Y*
- 17.63%
TT vs. AME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TT Trane Technologies plc | 19.44% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
AME AMETEK, Inc. | 11.60% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
Correlation
The correlation between TT and AME is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 1985 | 0.41 |
The correlation between TT and AME shifts across timeframes, from 0.41 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TT:
$103.46B
AME:
$52.58B
TT:
$12.94
AME:
$6.62
TT:
35.85
AME:
34.56
TT:
1.64
AME:
3.23
TT:
4.81
AME:
6.95
TT:
12.01
AME:
4.39
TT:
$21.60B
AME:
$7.60B
TT:
$7.76B
AME:
$2.06B
TT:
$4.25B
AME:
$2.15B
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Return for Risk
TT vs. AME — Risk / Return Rank
TT
AME
TT vs. AME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trane Technologies plc (TT) and AMETEK, Inc. (AME). 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.
| TT | AME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.22 | -1.80 |
| Martin ratioReturn relative to average drawdown | 0.81 | 7.21 | -6.40 |
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
| TT | AME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 1.38 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.53 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.72 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.48 | -0.01 |
Drawdowns
TT vs. AME - Drawdown Comparison
The maximum TT drawdown since its inception was -77.91%, which is greater than AME's maximum drawdown of -53.31%. Use the drawdown chart below to compare losses from any high point for TT and AME.
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Drawdown Indicators
| TT | AME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.91% | -53.31% | -24.60% |
Max Drawdown (1Y)Largest decline over 1 year | -19.97% | -13.57% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -23.04% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -27.06% | -13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -51.13% | -42.72% | -8.41% |
Current DrawdownCurrent decline from peak | -5.84% | -5.23% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -14.84% | -11.91% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 4.16% | +5.92% |
Volatility
TT vs. AME - Volatility Comparison
Trane Technologies plc (TT) has a higher volatility of 8.61% compared to AMETEK, Inc. (AME) at 6.50%. This indicates that TT's price experiences larger fluctuations and is considered to be riskier than AME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TT | AME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 6.50% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.04% | 16.41% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.89% | 21.74% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.27% | 21.65% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 24.42% | +3.87% |
Dividends
TT vs. AME - Dividend Comparison
TT's dividend yield for the trailing twelve months is around 0.83%, more than AME's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.56% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
TT Trane Technologies plc | 0.83% | 0.97% | 0.91% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% |
Financials
TT vs. AME - Financials Comparison
This section allows you to compare key financial metrics between Trane Technologies plc and AMETEK, 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
TT vs. AME - Profitability Comparison
TT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a gross profit of 1.73B and revenue of 4.97B. Therefore, the gross margin over that period was 34.8%.
AME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a gross profit of 0.00 and revenue of 1.93B. Therefore, the gross margin over that period was 0.0%.
TT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported an operating income of 776.10M and revenue of 4.97B, resulting in an operating margin of 15.6%.
AME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported an operating income of 514.94M and revenue of 1.93B, resulting in an operating margin of 26.7%.
TT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a net income of 584.40M and revenue of 4.97B, resulting in a net margin of 11.8%.
AME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a net income of 399.36M and revenue of 1.93B, resulting in a net margin of 20.7%.
Frequently Asked Questions
TT and AME have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TT has higher volatility (8.61%) compared to AME (6.50%). In terms of maximum drawdown, TT dropped -77.91% vs AME's -53.31%.
AME currently has the higher Sharpe Ratio (1.38 vs 0.31), 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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