WSO vs. AIT
WSO (Watsco, Inc.) and AIT (Applied Industrial Technologies, Inc.) are both stocks. Both operate in the Industrial Distribution industry within the Industrials sector. Over the past 10 years, WSO returned 14.22%/yr vs 22.87%/yr for AIT. At a 0.35 correlation, their price movements are largely independent.
Performance
WSO vs. AIT - Performance Comparison
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Returns By Period
In the year-to-date period, WSO achieves a 12.12% return, which is significantly lower than AIT's 22.87% return. Over the past 10 years, WSO has underperformed AIT with an annualized return of 14.22%, while AIT has yielded a comparatively higher 22.87% annualized return.
WSO
- 1D
- 0.12%
- 1M
- -11.59%
- YTD
- 12.12%
- 6M
- 10.84%
- 1Y
- -13.93%
- 3Y*
- 4.56%
- 5Y*
- 8.18%
- 10Y*
- 14.22%
AIT
- 1D
- -0.28%
- 1M
- 1.96%
- YTD
- 22.87%
- 6M
- 22.65%
- 1Y
- 36.57%
- 3Y*
- 33.63%
- 5Y*
- 28.07%
- 10Y*
- 22.87%
WSO vs. AIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WSO Watsco, Inc. | 12.12% | -27.02% | 13.22% | 77.00% | -17.74% | 42.09% | 30.57% | 34.99% | -15.54% | 18.36% |
AIT Applied Industrial Technologies, Inc. | 22.87% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
Correlation
The correlation between WSO and AIT is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 1984 | 0.35 |
Over the past year, WSO and AIT have become more correlated (0.57) than their long-term average of 0.35, meaning their price movements have been converging.
Fundamentals
WSO:
$14.12B
AIT:
$11.95B
WSO:
$13.08
AIT:
$10.56
WSO:
28.43
AIT:
29.78
WSO:
5.52
AIT:
0.93
WSO:
1.95
AIT:
2.48
WSO:
4.39
AIT:
4.00
WSO:
$7.24B
AIT:
$4.84B
WSO:
$2.05B
AIT:
$1.47B
WSO:
$778.38M
AIT:
$563.38M
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Return for Risk
WSO vs. AIT — Risk / Return Rank
WSO
AIT
WSO vs. AIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Watsco, Inc. (WSO) and Applied Industrial Technologies, Inc. (AIT). 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.
| WSO | AIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.86 | -3.28 |
| Martin ratioReturn relative to average drawdown | -0.71 | 6.86 | -7.56 |
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
| WSO | AIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.40 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.93 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.69 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.43 | +0.03 |
Drawdowns
WSO vs. AIT - Drawdown Comparison
The maximum WSO drawdown since its inception was -64.30%, roughly equal to the maximum AIT drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for WSO and AIT.
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Drawdown Indicators
| WSO | AIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.30% | -66.47% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -33.42% | -12.86% | -20.56% |
Max Drawdown (3Y)Largest decline over 3 years | -41.62% | -26.42% | -15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -26.42% | -15.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -59.29% | +17.67% |
Current DrawdownCurrent decline from peak | -31.82% | -0.28% | -31.54% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -18.04% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.66% | 5.35% | +14.31% |
Volatility
WSO vs. AIT - Volatility Comparison
Watsco, Inc. (WSO) has a higher volatility of 7.45% compared to Applied Industrial Technologies, Inc. (AIT) at 5.61%. This indicates that WSO's price experiences larger fluctuations and is considered to be riskier than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSO | AIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 5.61% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 19.07% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.17% | 26.31% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 30.49% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.80% | 33.29% | -5.49% |
Dividends
WSO vs. AIT - Dividend Comparison
WSO's dividend yield for the trailing twelve months is around 3.31%, more than AIT's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
WSO Watsco, Inc. | 3.31% | 3.47% | 2.23% | 2.29% | 3.43% | 2.44% | 3.06% | 3.55% | 4.02% | 2.71% | 2.43% | 2.39% |
Financials
WSO vs. AIT - Financials Comparison
This section allows you to compare key financial metrics between Watsco, Inc. and Applied Industrial Technologies, 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
WSO vs. AIT - Profitability Comparison
WSO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a gross profit of 427.56M and revenue of 1.53B. Therefore, the gross margin over that period was 27.9%.
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
WSO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported an operating income of 110.18M and revenue of 1.53B, resulting in an operating margin of 7.2%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
WSO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a net income of 79.07M and revenue of 1.53B, resulting in a net margin of 5.2%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
Frequently Asked Questions
WSO and AIT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSO has higher volatility (7.45%) compared to AIT (5.61%). In terms of maximum drawdown, WSO dropped -64.30% vs AIT's -66.47%.
AIT currently has the higher Sharpe Ratio (1.40 vs -0.45), 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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