WMS vs. LII
WMS (Advanced Drainage Systems, Inc.) and LII (Lennox International Inc.) are both stocks. Both are in the Industrials sector — WMS in Building Products & Equipment, LII in Specialty Industrial Machinery. Over the past 10 years, WMS returned 18.92%/yr vs 15.59%/yr for LII. At a 0.48 correlation, their price movements are largely independent.
Performance
WMS vs. LII - Performance Comparison
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Returns By Period
In the year-to-date period, WMS achieves a -6.59% return, which is significantly lower than LII's 5.78% return. Over the past 10 years, WMS has outperformed LII with an annualized return of 18.92%, while LII has yielded a comparatively lower 15.59% annualized return.
WMS
- 1D
- -0.08%
- 1M
- -0.37%
- YTD
- -6.59%
- 6M
- -9.61%
- 1Y
- 20.01%
- 3Y*
- 7.76%
- 5Y*
- 5.62%
- 10Y*
- 18.92%
LII
- 1D
- -0.94%
- 1M
- 2.43%
- YTD
- 5.78%
- 6M
- 1.83%
- 1Y
- -3.83%
- 3Y*
- 19.41%
- 5Y*
- 9.92%
- 10Y*
- 15.59%
WMS vs. LII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMS Advanced Drainage Systems, Inc. | -6.59% | 25.97% | -17.48% | 72.44% | -39.53% | 63.46% | 116.70% | 67.74% | 2.78% | 17.27% |
LII Lennox International Inc. | 5.78% | -19.54% | 37.27% | 89.55% | -24.94% | 19.71% | 13.79% | 12.78% | 6.33% | 37.43% |
Correlation
The correlation between WMS and LII is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2014 | 0.48 |
The correlation between WMS and LII shifts across timeframes, from 0.48 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WMS:
$10.59B
LII:
$17.93B
WMS:
$5.45
LII:
$22.20
WMS:
24.78
LII:
23.07
WMS:
1.23
LII:
1.40
WMS:
3.31
LII:
3.44
WMS:
$3.19B
LII:
$5.26B
WMS:
$1.27B
LII:
$1.74B
WMS:
$586.61M
LII:
$1.10B
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Return for Risk
WMS vs. LII — Risk / Return Rank
WMS
LII
WMS vs. LII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Drainage Systems, Inc. (WMS) and Lennox International Inc. (LII). 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.
| WMS | LII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.18 | +0.85 |
| Martin ratioReturn relative to average drawdown | 1.58 | -0.29 | +1.87 |
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Drawdowns
WMS vs. LII - Drawdown Comparison
The maximum WMS drawdown since its inception was -53.58%, smaller than the maximum LII drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for WMS and LII.
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Drawdown Indicators
| WMS | LII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.58% | -62.76% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -33.77% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -45.75% | -34.71% | -11.04% |
Max Drawdown (5Y)Largest decline over 5 years | -50.12% | -46.88% | -3.24% |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | -46.88% | -6.70% |
Current DrawdownCurrent decline from peak | -23.87% | -23.42% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -17.90% | -14.51% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 20.90% | -9.94% |
Volatility
WMS vs. LII - Volatility Comparison
Advanced Drainage Systems, Inc. (WMS) has a higher volatility of 11.44% compared to Lennox International Inc. (LII) at 10.80%. This indicates that WMS's price experiences larger fluctuations and is considered to be riskier than LII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMS | LII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.44% | 10.80% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 26.49% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.46% | 35.30% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.05% | 32.15% | +9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.61% | 29.31% | +12.30% |
Dividends
WMS vs. LII - Dividend Comparison
WMS's dividend yield for the trailing twelve months is around 0.55%, less than LII's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LII Lennox International Inc. | 1.02% | 1.04% | 0.75% | 0.97% | 1.71% | 1.09% | 1.12% | 1.21% | 1.11% | 0.94% | 1.08% | 1.10% |
WMS Advanced Drainage Systems, Inc. | 0.55% | 0.48% | 0.54% | 0.38% | 0.57% | 0.31% | 0.43% | 3.48% | 1.28% | 1.13% | 1.12% | 0.79% |
Financials
WMS vs. LII - Financials Comparison
This section allows you to compare key financial metrics between Advanced Drainage Systems, Inc. and Lennox International 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
WMS vs. LII - Profitability Comparison
WMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported a gross profit of 354.44M and revenue of 816.10M. Therefore, the gross margin over that period was 43.4%.
LII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported a gross profit of 351.30M and revenue of 1.14B. Therefore, the gross margin over that period was 31.0%.
WMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported an operating income of 53.25M and revenue of 816.10M, resulting in an operating margin of 6.5%.
LII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported an operating income of 163.50M and revenue of 1.14B, resulting in an operating margin of 14.4%.
WMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Advanced Drainage Systems, Inc. reported a net income of 32.90M and revenue of 816.10M, resulting in a net margin of 4.0%.
LII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported a net income of 117.20M and revenue of 1.14B, resulting in a net margin of 10.3%.
Frequently Asked Questions
WMS and LII have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMS has higher volatility (11.44%) compared to LII (10.80%). In terms of maximum drawdown, WMS dropped -53.58% vs LII's -62.76%.
WMS currently has the higher Sharpe Ratio (0.44 vs -0.17), 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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