WLK vs. IFF
WLK (Westlake Corporation) and IFF (International Flavors & Fragrances Inc.) are both stocks. Both operate in the Specialty Chemicals industry within the Basic Materials sector. Over the past 10 years, WLK returned 7.10%/yr vs -3.80%/yr for IFF. At a 0.47 correlation, their price movements are largely independent.
Performance
WLK vs. IFF - Performance Comparison
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Returns By Period
In the year-to-date period, WLK achieves a 5.40% return, which is significantly lower than IFF's 16.44% return. Over the past 10 years, WLK has outperformed IFF with an annualized return of 7.10%, while IFF has yielded a comparatively lower -3.80% annualized return.
WLK
- 1D
- 0.04%
- 1M
- -8.60%
- 6M
- -11.74%
- YTD
- 5.40%
- 1Y
- -2.62%
- 3Y*
- -13.21%
- 5Y*
- 0.11%
- 10Y*
- 7.10%
IFF
- 1D
- 3.04%
- 1M
- 0.21%
- 6M
- 10.79%
- YTD
- 16.44%
- 1Y
- 7.08%
- 3Y*
- 1.66%
- 5Y*
- -9.15%
- 10Y*
- -3.80%
WLK vs. IFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WLK Westlake Corporation | 5.40% | -33.77% | -16.90% | 38.23% | 6.81% | 20.53% | 18.52% | 7.72% | -37.27% | 92.39% |
IFF International Flavors & Fragrances Inc. | 16.44% | -18.43% | 6.26% | -19.47% | -28.35% | 41.55% | -15.64% | -3.91% | -12.02% | 29.52% |
Correlation
The correlation between WLK and IFF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2004 | 0.47 |
The correlation between WLK and IFF shifts across timeframes, from 0.29 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WLK:
$9.88B
IFF:
$19.81B
WLK:
-$12.75
IFF:
$4.90
WLK:
0.90
IFF:
1.23
WLK:
$10.98B
IFF:
$10.79B
WLK:
$169.00M
IFF:
$3.79B
WLK:
-$659.00M
IFF:
$1.77B
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Return for Risk
WLK vs. IFF — Risk / Return Rank
WLK
IFF
WLK vs. IFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westlake Corporation (WLK) and International Flavors & Fragrances Inc. (IFF). 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.
| WLK | IFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.31 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.14 | 0.56 | -0.70 |
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Drawdowns
WLK vs. IFF - Drawdown Comparison
The maximum WLK drawdown since its inception was -75.16%, smaller than the maximum IFF drawdown of -87.25%. Use the drawdown chart below to compare losses from any high point for WLK and IFF.
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Drawdown Indicators
| WLK | IFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.16% | -87.25% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -40.63% | -22.61% | -18.02% |
Max Drawdown (3Y)Largest decline over 3 years | -64.20% | -42.63% | -21.57% |
Max Drawdown (5Y)Largest decline over 5 years | -64.20% | -57.42% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -75.16% | -57.42% | -17.74% |
Current DrawdownCurrent decline from peak | -50.08% | -43.39% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -26.31% | -37.29% | +10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.80% | 12.78% | +6.02% |
Volatility
WLK vs. IFF - Volatility Comparison
The current volatility for Westlake Corporation (WLK) is 8.30%, while International Flavors & Fragrances Inc. (IFF) has a volatility of 9.40%. This indicates that WLK experiences smaller price fluctuations and is considered to be less risky than IFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WLK | IFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 9.40% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 31.54% | 28.77% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.93% | 34.86% | +11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 32.05% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.25% | 30.49% | +8.76% |
Dividends
WLK vs. IFF - Dividend Comparison
WLK's dividend yield for the trailing twelve months is around 2.75%, more than IFF's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFF International Flavors & Fragrances Inc. | 2.06% | 2.37% | 1.89% | 4.00% | 3.05% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WLK Westlake Corporation | 2.75% | 2.85% | 1.79% | 1.12% | 1.28% | 1.17% | 1.31% | 1.46% | 1.39% | 0.75% | 1.33% | 1.28% |
Financials
WLK vs. IFF - Financials Comparison
This section allows you to compare key financial metrics between Westlake Corporation and International Flavors & Fragrances 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
WLK vs. IFF - Profitability Comparison
WLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Westlake Corporation reported a gross profit of 112.00M and revenue of 2.65B. Therefore, the gross margin over that period was 4.2%.
IFF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, International Flavors & Fragrances Inc. reported a gross profit of 1.02B and revenue of 2.74B. Therefore, the gross margin over that period was 37.1%.
WLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Westlake Corporation reported an operating income of -172.00M and revenue of 2.65B, resulting in an operating margin of -6.5%.
IFF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, International Flavors & Fragrances Inc. reported an operating income of 273.00M and revenue of 2.74B, resulting in an operating margin of 10.0%.
WLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Westlake Corporation reported a net income of -169.00M and revenue of 2.65B, resulting in a net margin of -6.4%.
IFF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, International Flavors & Fragrances Inc. reported a net income of 169.00M and revenue of 2.74B, resulting in a net margin of 6.2%.
Frequently Asked Questions
WLK and IFF have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFF has higher volatility (9.40%) compared to WLK (8.30%). In terms of maximum drawdown, WLK dropped -75.16% vs IFF's -87.25%.
IFF currently has the higher Sharpe Ratio (0.20 vs -0.06), 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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