WAT vs PAYX
Comparison between Waters Corp (WAT, Company) and Paychex Inc (PAYX, Company).
WAT is from the Healthcare sector, while PAYX is from the Technology sector.
5-Year PerformanceWAT has outperformed PAYX, delivering a return of +2.7% compared to +2.6%
WAT vs PAYX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
WAT vs PAYX - Historical Returns
Returns include dividend reinvestment.
WAT vs PAYX - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | WAT | PAYX |
|---|---|---|
| 2026 | -4.35% | -5.22% |
| 2025 | +3.14% | -16.46% |
| 2024 | +12.89% | +22.56% |
| 2023 | -4.73% | +5.97% |
| 2022 | -6.04% | -11.91% |
| 2021 | +48.95% | +54.86% |
| 2020 | +5.26% | +13.16% |
| 2019 | +27.39% | +34.71% |
| 2018 | -3.60% | +0.03% |
| 2017 | +41.60% | +15.11% |
| 2016 | +3.10% | +22.09% |
| 2015 | +18.18% | +18.22% |
| 2014 | +13.61% | +6.02% |
| 2013 | +12.73% | +45.43% |
| 2012 | +14.72% | +8.55% |
| 2011 | -5.19% | -0.08% |
| 2010 | +26.09% | +4.76% |
| 2009 | +62.67% | +19.07% |
| 2008 | -52.25% | -21.95% |
| 2007 | +61.76% | -5.50% |
| 2006 | +28.53% | +4.23% |
| 2005 | -17.41% | +16.02% |
| 2004 | +41.27% | -6.15% |
| 2003 | +50.59% | +30.53% |
| 2002 | -43.79% | -18.22% |
| 2001 | -50.87% | -22.93% |
| 2000 | +224.27% | +83.60% |
| 1999 | +4.83% | +0.93% |
WAT vs PAYX Drawdown Comparison
The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.
The maximum drawdown for PAYX was -64.85%, occurring on Aug 12, 2002. Recovery took 3246 trading sessions.
The current WAT drawdown is -13.97%. The current PAYX drawdown is -34.46%.
| Rank | WAT | PAYX |
|---|---|---|
| #1 | -80.12% Sep 28, 2000 - Apr 21, 2011 | -64.85% Nov 21, 2000 - Oct 21, 2013 |
| #2 | -44.27% Sep 8, 2021 - Oct 30, 2023 | -44.94% Jun 6, 2025 - Apr 10, 2026 |
| #3 | -35.86% Apr 8, 2019 - Jan 5, 2021 | -44.15% Feb 20, 2020 - Nov 6, 2020 |
| #4 | -28.07% May 19, 2011 - Jun 17, 2013 | -23.41% Apr 6, 2022 - Sep 3, 2024 |
| #5 | -27.49% Mar 6, 2000 - Jun 2, 2000 | -19.75% Apr 25, 2000 - Jun 1, 2000 |
| #6 | -20.65% Jan 29, 2018 - Jan 23, 2019 | -18.77% Dec 29, 2021 - Mar 30, 2022 |
| #7 | -19.26% Jul 12, 2000 - Aug 21, 2000 | -17.39% Sep 21, 2018 - Feb 8, 2019 |
| #8 | -17.37% Aug 23, 2016 - Apr 25, 2017 | -15.45% Mar 20, 2015 - Oct 22, 2015 |
| #9 | -17.28% Feb 20, 2014 - Nov 20, 2014 | -14.81% Nov 20, 2015 - Mar 17, 2016 |
| #10 | -16.98% Dec 31, 1999 - Jan 25, 2000 | -14.66% Aug 7, 2000 - Sep 22, 2000 |
| #11 | -16.76% Jun 18, 2015 - Apr 18, 2016 | -14.57% Dec 3, 1999 - Jan 14, 2000 |
| #12 | -13.96% Nov 1, 1999 - Dec 29, 1999 | -14.19% Dec 18, 2017 - Jun 12, 2018 |
| #13 | -13.28% Aug 28, 2000 - Sep 25, 2000 | -12.42% Jan 20, 2000 - Feb 14, 2000 |
| #14 | -11.58% Sep 26, 2013 - Jan 28, 2014 | -12.28% Mar 15, 2017 - Oct 3, 2017 |
| #15 | -10.25% Feb 17, 2000 - Feb 25, 2000 | -12.19% Jun 21, 2000 - Jul 12, 2000 |
Correlation
Correlation between WAT and PAYX is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
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