WNC vs. CAT
WNC (Wabash National Corporation) and CAT (Caterpillar Inc.) are both stocks. Both operate in the Farm & Heavy Construction Machinery industry within the Industrials sector. Over the past 10 years, WNC returned 1.60%/yr vs 32.69%/yr for CAT. At a 0.38 correlation, their price movements are largely independent.
Performance
WNC vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, WNC achieves a 41.95% return, which is significantly lower than CAT's 72.54% return. Over the past 10 years, WNC has underperformed CAT with an annualized return of 1.60%, while CAT has yielded a comparatively higher 32.69% annualized return.
WNC
- 1D
- 6.16%
- 1M
- 55.21%
- YTD
- 41.95%
- 6M
- 36.43%
- 1Y
- 22.10%
- 3Y*
- -21.43%
- 5Y*
- -3.12%
- 10Y*
- 1.60%
CAT
- 1D
- -3.72%
- 1M
- 11.86%
- YTD
- 72.54%
- 6M
- 69.71%
- 1Y
- 171.66%
- 3Y*
- 63.77%
- 5Y*
- 37.46%
- 10Y*
- 32.69%
WNC vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WNC Wabash National Corporation | 41.95% | -48.12% | -32.19% | 14.94% | 18.17% | 15.53% | 20.30% | 15.52% | -38.80% | 39.25% |
CAT Caterpillar Inc. | 72.54% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
Correlation
The correlation between WNC and CAT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1991 | 0.38 |
The correlation between WNC and CAT shifts across timeframes, from 0.38 (all time) to 0.51 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WNC:
$491.31M
CAT:
$458.46B
WNC:
-$1.56
CAT:
$20.07
WNC:
0.34
CAT:
6.53
WNC:
1.53
CAT:
24.57
WNC:
$1.47B
CAT:
$70.76B
WNC:
$29.15M
CAT:
$23.01B
WNC:
-$18.50M
CAT:
$15.31B
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Return for Risk
WNC vs. CAT — Risk / Return Rank
WNC
CAT
WNC vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wabash National Corporation (WNC) and Caterpillar Inc. (CAT). 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.
| WNC | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.45 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.68 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 12.45 | -11.94 |
| Martin ratioReturn relative to average drawdown | 0.99 | 40.71 | -39.71 |
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Drawdowns
WNC vs. CAT - Drawdown Comparison
The maximum WNC drawdown since its inception was -98.61%, which is greater than CAT's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for WNC and CAT.
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Drawdown Indicators
| WNC | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.61% | -73.43% | -25.18% |
Max Drawdown (1Y)Largest decline over 1 year | -43.80% | -13.88% | -29.92% |
Max Drawdown (3Y)Largest decline over 3 years | -76.39% | -34.05% | -42.34% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -34.05% | -42.34% |
Max Drawdown (10Y)Largest decline over 10 years | -76.39% | -43.36% | -33.03% |
Current DrawdownCurrent decline from peak | -61.45% | -3.72% | -57.73% |
Average DrawdownAverage peak-to-trough decline | -55.56% | -19.72% | -35.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.31% | 4.24% | +18.07% |
Volatility
WNC vs. CAT - Volatility Comparison
Wabash National Corporation (WNC) has a higher volatility of 23.52% compared to Caterpillar Inc. (CAT) at 13.61%. This indicates that WNC's price experiences larger fluctuations and is considered to be riskier than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNC | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.52% | 13.61% | +9.91% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 28.12% | +16.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.98% | 35.66% | +20.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.64% | 30.89% | +16.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.52% | 30.98% | +14.54% |
Dividends
WNC vs. CAT - Dividend Comparison
WNC's dividend yield for the trailing twelve months is around 2.65%, more than CAT's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.61% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
WNC Wabash National Corporation | 2.65% | 3.70% | 1.87% | 1.25% | 1.42% | 1.64% | 1.39% | 2.72% | 2.29% | 1.38% | 0.00% | 0.00% |
Financials
WNC vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between Wabash National Corporation and Caterpillar 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
WNC vs. CAT - Profitability Comparison
WNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported a gross profit of -10.58M and revenue of 303.23M. Therefore, the gross margin over that period was -3.5%.
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
WNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported an operating income of -52.36M and revenue of 303.23M, resulting in an operating margin of -17.3%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
WNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported a net income of -45.17M and revenue of 303.23M, resulting in a net margin of -14.9%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
Frequently Asked Questions
WNC and CAT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNC has higher volatility (23.52%) compared to CAT (13.61%). In terms of maximum drawdown, WNC dropped -98.61% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.85 vs 0.40), 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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