Q vs WAT
Comparison between Qnity Electronics Inc (Q, Company) and Waters Corp (WAT, Company).
Q is from the Technology sector, while WAT is from the Healthcare sector.
Q vs WAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Q
$33B
Winner
WAT
$34B
Max Drawdown
Winner
Q
27.12%
WAT
80.12%
Sharpe Ratio
Winner
Q
1.39
WAT
0.19
5Y Beta
Q
2.74
Winner
WAT
0.95
Industry
Q
Semiconductor Equipment & Materials
WAT
Diagnostics & Research
P/E Ratio
Winner
Q
45.75
WAT
93.81
Forward P/E
Q
38.61
Winner
WAT
26.32
PEG Ratio
Q
2.66
Winner
WAT
1.30
Dividend Yield
Q
0.09%
WAT
N/A
5Y EPS CAGR
Q
N/A
WAT
15.00%
Debt to Equity
Winner
Q
0.32%
WAT
31.75%
Free Cash Flow Yield
Winner
Q
5.69%
WAT
1.16%
P/S Ratio
Winner
Q
6.72
WAT
8.91
P/B Ratio
Q
4.63
Winner
WAT
2.20
Q vs WAT - Historical Returns
Returns include dividend reinvestment.
1M
Q
-2.97%
Winner
WAT
+6.60%
3M
Winner
Q
+22.60%
WAT
+15.77%
6M
Winner
Q
+73.35%
WAT
-7.46%
1Y
Q
N/A
WAT
+5.49%
5Y(CAGR)
Q
N/A
WAT
+2.73%
10Y(CAGR)
Q
N/A
WAT
+10.17%
Max(CAGR)
Winner
Q
+92.38%
WAT
+10.57%
Q vs WAT - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | Q | WAT |
|---|---|---|
| 2026 | +67.35% | -4.35% |
| 2025 | -15.76% | +3.14% |
| 2024 | N/A | +12.89% |
| 2023 | N/A | -4.73% |
| 2022 | N/A | -6.04% |
| 2021 | N/A | +48.95% |
| 2020 | N/A | +5.26% |
| 2019 | N/A | +27.39% |
| 2018 | N/A | -3.60% |
| 2017 | N/A | +41.60% |
| 2016 | N/A | +3.10% |
| 2015 | N/A | +18.18% |
| 2014 | N/A | +13.61% |
| 2013 | N/A | +12.73% |
| 2012 | N/A | +14.72% |
| 2011 | N/A | -5.19% |
| 2010 | N/A | +26.09% |
| 2009 | N/A | +62.67% |
| 2008 | N/A | -52.25% |
| 2007 | N/A | +61.76% |
| 2006 | N/A | +28.53% |
| 2005 | N/A | -17.41% |
| 2004 | N/A | +41.27% |
| 2003 | N/A | +50.59% |
| 2002 | N/A | -43.79% |
| 2001 | N/A | -50.87% |
| 2000 | N/A | +224.27% |
| 1999 | N/A | +4.83% |
Q vs WAT Drawdown Comparison
The maximum drawdown for Q was -27.12%, occurring on Nov 24, 2025. Recovery took 52 trading sessions.
The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.
The current Q drawdown is -15.58%. The current WAT drawdown is -13.97%.
| Rank | Q | WAT |
|---|---|---|
| #1 | -27.12% Nov 4, 2025 - Jan 21, 2026 | -80.12% Sep 28, 2000 - Apr 21, 2011 |
| #2 | -15.58% May 12, 2026 - Jun 5, 2026 | -44.27% Sep 8, 2021 - Oct 30, 2023 |
| #3 | -15.56% Feb 27, 2026 - Apr 8, 2026 | -35.86% Apr 8, 2019 - Jan 5, 2021 |
| #4 | -9.67% Jan 21, 2026 - Feb 9, 2026 | -28.07% May 19, 2011 - Jun 17, 2013 |
| #5 | -5.21% Feb 11, 2026 - Feb 18, 2026 | -27.49% Mar 6, 2000 - Jun 2, 2000 |
| #6 | -4.77% Apr 24, 2026 - May 5, 2026 | -20.65% Jan 29, 2018 - Jan 23, 2019 |
| #7 | -3.91% May 6, 2026 - May 11, 2026 | -19.26% Jul 12, 2000 - Aug 21, 2000 |
| #8 | -3.18% Feb 18, 2026 - Feb 24, 2026 | -17.37% Aug 23, 2016 - Apr 25, 2017 |
| #9 | -2.76% Apr 13, 2026 - Apr 17, 2026 | -17.28% Feb 20, 2014 - Nov 20, 2014 |
| #10 | -2.35% Apr 20, 2026 - Apr 22, 2026 | -16.98% Dec 31, 1999 - Jan 25, 2000 |
| #11 | N/A | -16.76% Jun 18, 2015 - Apr 18, 2016 |
| #12 | N/A | -13.96% Nov 1, 1999 - Dec 29, 1999 |
| #13 | N/A | -13.28% Aug 28, 2000 - Sep 25, 2000 |
| #14 | N/A | -11.58% Sep 26, 2013 - Jan 28, 2014 |
| #15 | N/A | -10.25% Feb 17, 2000 - Feb 25, 2000 |
Correlation
Correlation between Q and WAT is -0.37 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.37
-101
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