WLKP vs. APD
Compare and contrast key facts about Westlake Chemical Partners LP (WLKP) and Air Products and Chemicals, Inc. (APD).
Performance
WLKP vs. APD - Performance Comparison
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WLKP vs. APD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WLKP Westlake Chemical Partners LP | 18.86% | -10.50% | 16.18% | 0.11% | -5.77% | 21.20% | -0.82% | 18.54% | 3.55% | 22.38% |
APD Air Products and Chemicals, Inc. | 18.46% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
Fundamentals
WLKP:
$5.04
APD:
-$1.50
WLKP:
0.44
APD:
5.30
WLKP:
$1.17B
APD:
$12.21B
WLKP:
$347.85M
APD:
$3.86B
WLKP:
$357.80M
APD:
$1.41B
Returns By Period
The year-to-date returns for both stocks are quite close, with WLKP having a 18.86% return and APD slightly lower at 18.46%. Over the past 10 years, WLKP has underperformed APD with an annualized return of 9.21%, while APD has yielded a comparatively higher 9.76% annualized return.
WLKP
- 1D
- 1.61%
- 1M
- 0.32%
- YTD
- 18.86%
- 6M
- 10.37%
- 1Y
- 4.59%
- 3Y*
- 9.05%
- 5Y*
- 6.49%
- 10Y*
- 9.21%
APD
- 1D
- -0.37%
- 1M
- 5.38%
- YTD
- 18.46%
- 6M
- 8.00%
- 1Y
- 1.12%
- 3Y*
- 2.79%
- 5Y*
- 2.80%
- 10Y*
- 9.76%
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Return for Risk
WLKP vs. APD — Risk / Return Rank
WLKP
APD
WLKP vs. APD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westlake Chemical Partners LP (WLKP) and Air Products and Chemicals, Inc. (APD). 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.
| WLKP | APD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.04 | +0.19 |
Sortino ratioReturn per unit of downside risk | 0.50 | 0.26 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.03 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.09 | +0.14 |
Martin ratioReturn relative to average drawdown | 0.55 | 0.21 | +0.34 |
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
| WLKP | APD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.04 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.11 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.38 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.42 | -0.26 |
Correlation
The correlation between WLKP and APD is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WLKP vs. APD - Dividend Comparison
WLKP's dividend yield for the trailing twelve months is around 8.54%, more than APD's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WLKP Westlake Chemical Partners LP | 8.54% | 9.92% | 8.15% | 8.71% | 8.02% | 7.02% | 7.91% | 6.81% | 6.69% | 5.77% | 5.94% | 5.18% |
APD Air Products and Chemicals, Inc. | 2.46% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
Drawdowns
WLKP vs. APD - Drawdown Comparison
The maximum WLKP drawdown since its inception was -60.17%, roughly equal to the maximum APD drawdown of -60.30%. Use the drawdown chart below to compare losses from any high point for WLKP and APD.
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Drawdown Indicators
| WLKP | APD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -60.30% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -19.70% | -22.39% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -31.77% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -60.17% | -31.77% | -28.40% |
Current DrawdownCurrent decline from peak | -2.82% | -11.78% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -11.06% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 9.51% | -1.09% |
Volatility
WLKP vs. APD - Volatility Comparison
Westlake Chemical Partners LP (WLKP) and Air Products and Chemicals, Inc. (APD) have volatilities of 6.99% and 6.75%, 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.
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Volatility by Period
| WLKP | APD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 6.75% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | 20.83% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.81% | 28.28% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 25.98% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 25.86% | +2.01% |
Financials
WLKP vs. APD - Financials Comparison
This section allows you to compare key financial metrics between Westlake Chemical Partners LP and Air Products and Chemicals, 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
WLKP vs. APD - Profitability Comparison
WLKP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Westlake Chemical Partners LP reported a gross profit of 96.81M and revenue of 323.05M. Therefore, the gross margin over that period was 30.0%.
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Air Products and Chemicals, Inc. reported a gross profit of 995.00M and revenue of 3.10B. Therefore, the gross margin over that period was 32.1%.
WLKP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Westlake Chemical Partners LP reported an operating income of 89.76M and revenue of 323.05M, resulting in an operating margin of 27.8%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Air Products and Chemicals, Inc. reported an operating income of 734.50M and revenue of 3.10B, resulting in an operating margin of 23.7%.
WLKP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Westlake Chemical Partners LP reported a net income of 84.26M and revenue of 323.05M, resulting in a net margin of 26.1%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Air Products and Chemicals, Inc. reported a net income of 678.20M and revenue of 3.10B, resulting in a net margin of 21.9%.