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WAT vs. CMI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between WAT and CMI is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

WAT vs. CMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waters Corporation (WAT) and Cummins Inc. (CMI). The values are adjusted to include any dividend payments, if applicable.

6,000.00%7,000.00%8,000.00%9,000.00%10,000.00%11,000.00%NovemberDecember2025FebruaryMarchApril
8,962.13%
6,183.88%
WAT
CMI

Key characteristics

Sharpe Ratio

WAT:

0.37

CMI:

0.11

Sortino Ratio

WAT:

0.89

CMI:

0.38

Omega Ratio

WAT:

1.11

CMI:

1.05

Calmar Ratio

WAT:

0.41

CMI:

0.11

Martin Ratio

WAT:

1.32

CMI:

0.38

Ulcer Index

WAT:

10.53%

CMI:

8.93%

Daily Std Dev

WAT:

37.53%

CMI:

30.49%

Max Drawdown

WAT:

-80.12%

CMI:

-75.66%

Current Drawdown

WAT:

-19.78%

CMI:

-23.50%

Fundamentals

Market Cap

WAT:

$19.92B

CMI:

$39.07B

EPS

WAT:

$10.85

CMI:

$28.82

PE Ratio

WAT:

30.86

CMI:

9.84

PEG Ratio

WAT:

2.18

CMI:

2.19

PS Ratio

WAT:

6.73

CMI:

1.15

PB Ratio

WAT:

10.76

CMI:

3.80

Total Revenue (TTM)

WAT:

$2.32B

CMI:

$25.70B

Gross Profit (TTM)

WAT:

$1.36B

CMI:

$6.37B

EBITDA (TTM)

WAT:

$843.51M

CMI:

$3.76B

Returns By Period

In the year-to-date period, WAT achieves a -8.16% return, which is significantly higher than CMI's -15.27% return. Both investments have delivered pretty close results over the past 10 years, with WAT having a 10.84% annualized return and CMI not far behind at 10.83%.


WAT

YTD

-8.16%

1M

-7.55%

6M

4.09%

1Y

9.81%

5Y*

12.27%

10Y*

10.84%

CMI

YTD

-15.27%

1M

-11.16%

6M

-10.72%

1Y

2.74%

5Y*

17.75%

10Y*

10.83%

*Annualized

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Risk-Adjusted Performance

WAT vs. CMI — Risk-Adjusted Performance Rank

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

WAT
The Risk-Adjusted Performance Rank of WAT is 6666
Overall Rank
The Sharpe Ratio Rank of WAT is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of WAT is 6464
Sortino Ratio Rank
The Omega Ratio Rank of WAT is 6161
Omega Ratio Rank
The Calmar Ratio Rank of WAT is 7070
Calmar Ratio Rank
The Martin Ratio Rank of WAT is 6969
Martin Ratio Rank

CMI
The Risk-Adjusted Performance Rank of CMI is 5454
Overall Rank
The Sharpe Ratio Rank of CMI is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of CMI is 4949
Sortino Ratio Rank
The Omega Ratio Rank of CMI is 4848
Omega Ratio Rank
The Calmar Ratio Rank of CMI is 5858
Calmar Ratio Rank
The Martin Ratio Rank of CMI is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

WAT vs. CMI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Waters Corporation (WAT) and Cummins Inc. (CMI). 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.


The chart of Sharpe ratio for WAT, currently valued at 0.37, compared to the broader market-2.00-1.000.001.002.003.00
WAT: 0.37
CMI: 0.11
The chart of Sortino ratio for WAT, currently valued at 0.89, compared to the broader market-6.00-4.00-2.000.002.004.00
WAT: 0.89
CMI: 0.38
The chart of Omega ratio for WAT, currently valued at 1.11, compared to the broader market0.501.001.502.00
WAT: 1.11
CMI: 1.05
The chart of Calmar ratio for WAT, currently valued at 0.41, compared to the broader market0.001.002.003.004.005.00
WAT: 0.41
CMI: 0.11
The chart of Martin ratio for WAT, currently valued at 1.32, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
WAT: 1.32
CMI: 0.38

The current WAT Sharpe Ratio is 0.37, which is higher than the CMI Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of WAT and CMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.37
0.11
WAT
CMI

Dividends

WAT vs. CMI - Dividend Comparison

WAT has not paid dividends to shareholders, while CMI's dividend yield for the trailing twelve months is around 2.43%.


TTM20242023202220212020201920182017201620152014
WAT
Waters Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CMI
Cummins Inc.
2.43%2.01%2.71%2.49%2.57%2.33%2.74%3.32%2.38%2.93%3.99%1.95%

Drawdowns

WAT vs. CMI - Drawdown Comparison

The maximum WAT drawdown since its inception was -80.12%, which is greater than CMI's maximum drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for WAT and CMI. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-19.78%
-23.50%
WAT
CMI

Volatility

WAT vs. CMI - Volatility Comparison

Waters Corporation (WAT) and Cummins Inc. (CMI) have volatilities of 17.61% and 17.47%, 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.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
17.61%
17.47%
WAT
CMI

Financials

WAT vs. CMI - Financials Comparison

This section allows you to compare key financial metrics between Waters Corporation and Cummins 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items