WTS vs. SPXC
WTS (Watts Water Technologies, Inc.) and SPXC (SPX Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, WTS returned 19.63%/yr vs 30.96%/yr for SPXC. At a 0.36 correlation, their price movements are largely independent.
Performance
WTS vs. SPXC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WTS having a 14.71% return and SPXC slightly higher at 14.94%. Over the past 10 years, WTS has underperformed SPXC with an annualized return of 19.63%, while SPXC has yielded a comparatively higher 30.96% annualized return.
WTS
- 1D
- 0.41%
- 1M
- 6.48%
- YTD
- 14.71%
- 6M
- 16.79%
- 1Y
- 29.91%
- 3Y*
- 22.89%
- 5Y*
- 18.24%
- 10Y*
- 19.63%
SPXC
- 1D
- 0.94%
- 1M
- 13.37%
- YTD
- 14.94%
- 6M
- 11.54%
- 1Y
- 45.81%
- 3Y*
- 39.57%
- 5Y*
- 30.08%
- 10Y*
- 30.96%
WTS vs. SPXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTS Watts Water Technologies, Inc. | 14.71% | 36.85% | -1.62% | 43.57% | -24.08% | 60.63% | 23.14% | 56.20% | -14.13% | 17.84% |
SPXC SPX Corporation | 14.94% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
Correlation
The correlation between WTS and SPXC is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 1986 | 0.36 |
The correlation between WTS and SPXC shifts across timeframes, from 0.36 (all time) to 0.61 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WTS:
$10.57B
SPXC:
$11.62B
WTS:
$10.95
SPXC:
$5.19
WTS:
28.82
SPXC:
44.32
WTS:
1.35
SPXC:
0.01
WTS:
4.13
SPXC:
4.78
WTS:
5.04
SPXC:
5.08
WTS:
$2.56B
SPXC:
$2.35B
WTS:
$1.26B
SPXC:
$909.30M
WTS:
$556.30M
SPXC:
$475.30M
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Return for Risk
WTS vs. SPXC — Risk / Return Rank
WTS
SPXC
WTS vs. SPXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Watts Water Technologies, Inc. (WTS) and SPX Corporation (SPXC). 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.
| WTS | SPXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.99 | -0.04 |
| Martin ratioReturn relative to average drawdown | 5.04 | 5.09 | -0.05 |
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
| WTS | SPXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.26 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.86 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.83 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.34 | 0.00 |
Drawdowns
WTS vs. SPXC - Drawdown Comparison
The maximum WTS drawdown since its inception was -63.68%, smaller than the maximum SPXC drawdown of -81.12%. Use the drawdown chart below to compare losses from any high point for WTS and SPXC.
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Drawdown Indicators
| WTS | SPXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -81.12% | +17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -23.15% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.54% | -33.54% | +14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -44.08% | -38.32% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -50.26% | +6.18% |
Current DrawdownCurrent decline from peak | -5.81% | -5.39% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -16.20% | -29.02% | +12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 9.03% | -3.08% |
Volatility
WTS vs. SPXC - Volatility Comparison
The current volatility for Watts Water Technologies, Inc. (WTS) is 5.17%, while SPX Corporation (SPXC) has a volatility of 10.68%. This indicates that WTS experiences smaller price fluctuations and is considered to be less risky than SPXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTS | SPXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 10.68% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 27.88% | -11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 36.54% | -14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.76% | 35.14% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.22% | 37.46% | -9.24% |
Dividends
WTS vs. SPXC - Dividend Comparison
WTS's dividend yield for the trailing twelve months is around 0.69%, while SPXC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
WTS Watts Water Technologies, Inc. | 0.69% | 0.72% | 0.81% | 0.66% | 0.79% | 0.52% | 0.76% | 0.90% | 1.27% | 0.99% | 1.09% | 1.33% |
Financials
WTS vs. SPXC - Financials Comparison
This section allows you to compare key financial metrics between Watts Water Technologies, Inc. and SPX Corporation. 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
WTS vs. SPXC - Profitability Comparison
WTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a gross profit of 326.10M and revenue of 677.30M. Therefore, the gross margin over that period was 48.2%.
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
WTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported an operating income of 133.00M and revenue of 677.30M, resulting in an operating margin of 19.6%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
WTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a net income of 99.60M and revenue of 677.30M, resulting in a net margin of 14.7%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
Frequently Asked Questions
WTS and SPXC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXC has higher volatility (10.68%) compared to WTS (5.17%). In terms of maximum drawdown, WTS dropped -63.68% vs SPXC's -81.12%.
WTS currently has the higher Sharpe Ratio (1.34 vs 1.26), 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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