ZWS vs. AWI
ZWS (Zurn Water Solutions Corporation) and AWI (Armstrong World Industries, Inc.) are both stocks. ZWS operates in Utilities - Regulated Water (Utilities), while AWI operates in Building Products & Equipment (Industrials). Over the past 10 years, ZWS returned 27.10%/yr vs 15.93%/yr for AWI. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
ZWS vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, ZWS achieves a 10.63% return, which is significantly higher than AWI's -5.71% return. Over the past 10 years, ZWS has outperformed AWI with an annualized return of 27.10%, while AWI has yielded a comparatively lower 15.93% annualized return.
ZWS
- 1D
- 1.37%
- 1M
- 4.15%
- 6M
- 9.59%
- YTD
- 10.63%
- 1Y
- 14.85%
- 3Y*
- 20.83%
- 5Y*
- 32.39%
- 10Y*
- 27.10%
- ALL TIME*
- 19.10%
AWI
- 1D
- 2.75%
- 1M
- 13.18%
- 6M
- -3.52%
- YTD
- -5.71%
- 1Y
- -4.09%
- 3Y*
- 32.93%
- 5Y*
- 11.92%
- 10Y*
- 15.93%
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $126.81M | $97.69M | $77.29M | |
| $59.62M | $51.29M | $49.03M |
ZWS vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZWS Zurn Water Solutions Corporation | 10.63% | 25.81% | 28.08% | 40.63% | -41.48% | 299.70% | 22.26% | 42.14% | -11.80% | 32.82% |
AWI Armstrong World Industries, Inc. | -5.71% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between ZWS and AWI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.49 |
The correlation between ZWS and AWI shifts across timeframes, from 0.49 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ZWS:
$8.49B
AWI:
$7.58B
ZWS:
$1.63
AWI:
$7.29
ZWS:
31.50
AWI:
24.63
ZWS:
1.93
AWI:
1.49
ZWS:
4.75
AWI:
4.58
ZWS:
5.22
AWI:
3.82
ZWS:
$1.83B
AWI:
$1.70B
ZWS:
$871.00M
AWI:
$683.30M
ZWS:
$342.50M
AWI:
$589.00M
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Return for Risk
ZWS vs. AWI — Risk / Return Rank
ZWS
AWI
ZWS vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zurn Water Solutions Corporation (ZWS) and Armstrong World Industries, Inc. (AWI). 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.
| ZWS | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.16 | +1.04 |
| Martin ratioReturn relative to average drawdown | 2.32 | -0.30 | +2.62 |
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Drawdowns
ZWS vs. AWI - Drawdown Comparison
The maximum ZWS drawdown since its inception was -52.43%, smaller than the maximum AWI drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for ZWS and AWI.
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Drawdown Indicators
| ZWS | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.43% | -80.98% | +28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -25.23% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -30.18% | -25.23% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -47.25% | -46.06% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -47.25% | -46.44% | -0.81% |
Current DrawdownCurrent decline from peak | -2.80% | -11.39% | +8.59% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -18.27% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 13.57% | -7.16% |
Volatility
ZWS vs. AWI - Volatility Comparison
The current volatility for Zurn Water Solutions Corporation (ZWS) is 7.78%, while Armstrong World Industries, Inc. (AWI) has a volatility of 11.75%. This indicates that ZWS experiences smaller price fluctuations and is considered to be less risky than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWS | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 11.75% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 23.65% | 22.76% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 26.62% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.31% | 26.63% | +35.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.64% | 30.03% | +21.61% |
Dividends
ZWS vs. AWI - Dividend Comparison
ZWS's dividend yield for the trailing twelve months is around 0.82%, more than AWI's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.74% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
ZWS Zurn Water Solutions Corporation | 0.82% | 0.82% | 0.88% | 0.99% | 0.95% | 92.93% | 0.81% | 0.00% | 0.00% |
Financials
ZWS vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Zurn Water Solutions Corporation and Armstrong World Industries, 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
ZWS vs. AWI - Profitability Comparison
ZWS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported a gross profit of 313.10M and revenue of 535.20M. Therefore, the gross margin over that period was 58.5%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported a gross profit of 195.00M and revenue of 472.00M. Therefore, the gross margin over that period was 41.3%.
ZWS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported an operating income of 152.30M and revenue of 535.20M, resulting in an operating margin of 28.5%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported an operating income of 133.80M and revenue of 472.00M, resulting in an operating margin of 28.4%.
ZWS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Zurn Water Solutions Corporation reported a net income of 113.30M and revenue of 535.20M, resulting in a net margin of 21.2%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Armstrong World Industries, Inc. reported a net income of 96.70M and revenue of 472.00M, resulting in a net margin of 20.5%.
Frequently Asked Questions
ZWS and AWI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWI has higher volatility (11.75%) compared to ZWS (7.78%). In terms of maximum drawdown, ZWS dropped -52.43% vs AWI's -80.98%.
ZWS currently has the higher Sharpe Ratio (0.53 vs -0.15), 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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