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 26.47%/yr vs 14.89%/yr for AWI. At a 0.49 correlation, their price movements are largely independent.
Performance
ZWS vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, ZWS achieves a 2.49% return, which is significantly higher than AWI's -19.50% return. Over the past 10 years, ZWS has outperformed AWI with an annualized return of 26.47%, while AWI has yielded a comparatively lower 14.89% annualized return.
ZWS
- 1D
- -0.04%
- 1M
- -5.48%
- YTD
- 2.49%
- 6M
- 0.41%
- 1Y
- 31.33%
- 3Y*
- 26.20%
- 5Y*
- 33.54%
- 10Y*
- 26.47%
AWI
- 1D
- 0.24%
- 1M
- -6.17%
- YTD
- -19.50%
- 6M
- -18.10%
- 1Y
- -0.44%
- 3Y*
- 34.52%
- 5Y*
- 8.45%
- 10Y*
- 14.89%
ZWS vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZWS Zurn Water Solutions Corporation | 2.49% | 25.81% | 28.08% | 40.63% | -41.48% | 299.70% | 22.26% | 42.14% | -11.80% | 32.82% |
AWI Armstrong World Industries, Inc. | -19.50% | 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 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012 | 0.49 |
The correlation between ZWS and AWI shifts across timeframes, from 0.49 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ZWS:
$8.05B
AWI:
$6.62B
ZWS:
$1.25
AWI:
$7.04
ZWS:
37.82
AWI:
21.76
ZWS:
2.32
AWI:
1.31
ZWS:
4.64
AWI:
4.05
ZWS:
5.01
AWI:
7.41
ZWS:
$1.74B
AWI:
$1.65B
ZWS:
$760.20M
AWI:
$664.10M
ZWS:
$369.60M
AWI:
$578.40M
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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.
| ZWS | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.02 | +1.87 |
| Martin ratioReturn relative to average drawdown | 5.61 | -0.04 | +5.65 |
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
| ZWS | AWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.02 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.32 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.50 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.30 | +0.09 |
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% | -24.54% | +7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.18% | -24.54% | -5.64% |
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 | -9.96% | -24.35% | +14.39% |
Average DrawdownAverage peak-to-trough decline | -16.14% | -18.25% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 10.37% | -4.77% |
Volatility
ZWS vs. AWI - Volatility Comparison
Zurn Water Solutions Corporation (ZWS) has a higher volatility of 8.43% compared to Armstrong World Industries, Inc. (AWI) at 7.32%. This indicates that ZWS's price experiences larger fluctuations and is considered to be riskier 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 | 8.43% | 7.32% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 20.10% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.36% | 25.26% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.37% | 26.15% | +36.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.66% | 29.95% | +21.71% |
Dividends
ZWS vs. AWI - Dividend Comparison
ZWS's dividend yield for the trailing twelve months is around 0.89%, more than AWI's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.86% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
ZWS Zurn Water Solutions Corporation | 0.89% | 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 Jun 2026, Zurn Water Solutions Corporation reported a gross profit of 205.80M and revenue of 433.00M. Therefore, the gross margin over that period was 47.5%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
ZWS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zurn Water Solutions Corporation reported an operating income of 82.10M and revenue of 433.00M, resulting in an operating margin of 19.0%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
ZWS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zurn Water Solutions Corporation reported a net income of 58.90M and revenue of 433.00M, resulting in a net margin of 13.6%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
Frequently Asked Questions
ZWS and AWI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZWS has higher volatility (8.43%) compared to AWI (7.32%). In terms of maximum drawdown, ZWS dropped -52.43% vs AWI's -80.98%.
ZWS currently has the higher Sharpe Ratio (1.07 vs -0.02), 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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