Zurn Elkay Water Solutions (ZWS)
Market Price (12/30/2025): $47.77 | Market Cap: $8.0 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Zurn Elkay Water Solutions (ZWS)
Market Price (12/30/2025): $47.77Market Cap: $8.0 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% | Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% | Key risksZWS key risks include [1] a lack of organic revenue growth over the past two years, Show more. |
| Low stock price volatilityVol 12M is 29% | ||
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% |
| Key risksZWS key risks include [1] a lack of organic revenue growth over the past two years, Show more. |
Why The Stock Moved
Qualitative Assessment
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2. Following the robust Q3 performance, Zurn Elkay Water Solutions raised its full-year 2025 outlook, anticipating adjusted EBITDA between $437 million and $440 million and free cash flow exceeding $300 million.
3. Show more
Stock Movement Drivers
Fundamental Drivers
The 2.1% change in ZWS stock from 9/29/2025 to 12/29/2025 was primarily driven by a 7.5% change in the company's Net Income Margin (%).| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 46.78 | 47.77 | 2.12% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1614.00 | 1659.40 | 2.81% |
| Net Income Margin (%) | 10.78% | 11.59% | 7.49% |
| P/E Multiple | 45.29 | 41.76 | -7.79% |
| Shares Outstanding (Mil) | 168.48 | 168.12 | 0.21% |
| Cumulative Contribution | 2.12% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| ZWS | 2.1% | |
| Market (SPY) | 3.6% | 58.2% |
| Sector (XLI) | 2.5% | 58.7% |
Fundamental Drivers
The 31.2% change in ZWS stock from 6/30/2025 to 12/29/2025 was primarily driven by a 14.1% change in the company's P/E Multiple.| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 36.41 | 47.77 | 31.20% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1581.50 | 1659.40 | 4.93% |
| Net Income Margin (%) | 10.72% | 11.59% | 8.13% |
| P/E Multiple | 36.59 | 41.76 | 14.14% |
| Shares Outstanding (Mil) | 170.35 | 168.12 | 1.30% |
| Cumulative Contribution | 31.18% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| ZWS | 31.2% | |
| Market (SPY) | 11.6% | 32.3% |
| Sector (XLI) | 6.8% | 39.9% |
Fundamental Drivers
The 27.9% change in ZWS stock from 12/29/2024 to 12/29/2025 was primarily driven by a 30.7% change in the company's Net Income Margin (%).| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 37.36 | 47.77 | 27.87% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1552.60 | 1659.40 | 6.88% |
| Net Income Margin (%) | 8.87% | 11.59% | 30.66% |
| P/E Multiple | 46.27 | 41.76 | -9.74% |
| Shares Outstanding (Mil) | 170.55 | 168.12 | 1.42% |
| Cumulative Contribution | 27.84% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| ZWS | 27.9% | |
| Market (SPY) | 16.6% | 59.3% |
| Sector (XLI) | 18.9% | 63.9% |
Fundamental Drivers
The 134.1% change in ZWS stock from 12/30/2022 to 12/29/2025 was primarily driven by a 59.2% change in the company's P/S Multiple.| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.41 | 47.77 | 134.07% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1173.80 | 1659.40 | 41.37% |
| P/S Multiple | 3.04 | 4.84 | 59.19% |
| Shares Outstanding (Mil) | 174.87 | 168.12 | 3.86% |
| Cumulative Contribution | 133.72% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| ZWS | 66.0% | |
| Market (SPY) | 47.9% | 58.3% |
| Sector (XLI) | 41.1% | 68.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZWS Return | 22% | -7% | -41% | 41% | 28% | 29% | 56% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| ZWS Win Rate | 67% | 75% | 33% | 58% | 75% | 83% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ZWS Max Drawdown | -41% | -16% | -43% | -6% | -5% | -23% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | ZWS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -69.6% | -25.4% |
| % Gain to Breakeven | 229.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.5% | -33.9% |
| % Gain to Breakeven | 83.4% | 51.3% |
| Time to Breakeven | 220 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.9% | -19.8% |
| % Gain to Breakeven | 46.8% | 24.7% |
| Time to Breakeven | 352 days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Zurn Elkay Water Solutions's stock fell -69.6% during the 2022 Inflation Shock from a high on 9/29/2021. A -69.6% loss requires a 229.5% gain to breakeven.
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Here are 1-2 brief analogies for Zurn Elkay Water Solutions (ZWS):
- The Legrand or Schneider Electric for commercial water infrastructure.
- A commercial-grade Kohler or Moen for plumbing and drinking water systems.
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- Commercial Plumbing Fixtures & Faucets: Zurn Elkay manufactures a wide array of commercial faucets, flush valves, and fixtures designed for high-traffic environments.
- Drinking Water Solutions: The company provides bottle filling stations, drinking fountains, and water coolers, often integrated with advanced filtration systems.
- Drainage Systems: Zurn Elkay offers a comprehensive portfolio of floor drains, trench drains, and interceptors for various commercial and industrial applications.
- Water Heaters & Flow Control Products: They produce commercial water heaters, backflow preventers, and other essential devices for water temperature control and safety in plumbing systems.
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Major Customers of Zurn Elkay Water Solutions (ZWS)
Zurn Elkay Water Solutions (ZWS) primarily sells its products and solutions to other companies (B2B) rather than directly to individuals. According to the company's public filings, no single customer accounted for 10% or more of net sales in 2023, 2022, or 2021. Therefore, specific names of major customer companies are not disclosed.
However, Zurn Elkay Water Solutions serves a diverse range of business customers through various channels. Their major customer categories include:
- Wholesalers and Distributors: These companies form the primary channel through which ZWS products reach end-users, including commercial contractors, plumbers, and residential builders.
- Original Equipment Manufacturers (OEMs): ZWS supplies components and products that are integrated into other manufacturers' systems or products.
- Large Institutional Customers: ZWS also sells directly to significant entities across various sectors, such as:
- Government agencies
- Healthcare systems (e.g., hospitals, clinics)
- Educational institutions (e.g., schools, universities)
- National restaurant chains and other hospitality businesses
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Todd Adams, Chairman and Chief Executive Officer
Todd Adams joined Zurn Elkay Water Solutions (formerly Rexnord) in 2004, becoming Chief Executive Officer in 2009 and Chairman of the Board in 2020. He spearheaded the acquisition of Zurn Industries in 2007, which led to the creation of the company's Water Management Platform. Adams also oversaw the company's transformation into a pure-play water business in 2021 and its combination with Elkay Manufacturing in 2022. Prior to joining Zurn Elkay, he held senior financial positions at The Boeing Company, APW Ltd., Applied Power, and IDEX. Adams serves on the board of directors of Badger Meter, Inc. and previously served on the board of Generac Holdings Inc.
Dave Pauli, Chief Financial Officer
Dave Pauli joined Zurn Elkay Water Solutions in 2012 as assistant corporate controller. He progressed through various financial roles within the company, including divisional vice president of finance and corporate controller, before being named Chief Financial Officer in 2021. Pauli began his career with Deloitte.
Jeffrey Schoon, President
Jeffrey Schoon rejoined Zurn Elkay Water Solutions shortly after the 2022 combination with Elkay Manufacturing. From 2010 to 2021, he held various positions of increasing responsibility, including corporate director of the Rexnord Business System, and vice president and general manager of the Global Couplings and Conveying segments. When the company sold its Process & Motion Control business to Regal Beloit, Schoon transitioned with his role to the new Regal Rexnord Corporation.
Mark Peterson, Chief Administrative Officer
Mark Peterson joined the company in 2006 as Chief Financial Officer of the Flat Top division. He later served as corporate vice president & controller and was promoted to Senior Vice President and Chief Financial Officer in 2011. In his role as CFO, Peterson guided the 2021 sale of the Process & Motion Control business and the 2022 combination with Elkay Manufacturing. Before joining the company, he was the corporate controller of Gehl Company for five years.
Craig Wehr, Senior Vice President, Corporate Development and Integration
Craig Wehr served as president of Zurn Industries and Zurn Water Solutions for approximately ten years. He assumed his current role as Senior Vice President, Corporate Development and Integration, following the 2022 combination with Elkay Manufacturing. Wehr initially joined the company in 1993 as a sales manager and progressed through various leadership positions in sales, marketing, and business development.
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Zurn Elkay Water Solutions (ZWS) faces several key risks to its business operations and financial performance.Key Risks for Zurn Elkay Water Solutions (ZWS)
- Reliance on Cyclical Non-Residential Construction and Intense Market Competition: Zurn Elkay Water Solutions operates in a highly competitive industry and generates a significant portion of its revenue from the non-residential construction sector, which is cyclical. Economic and financial market weaknesses can reduce demand for its products, leading to potential downward pressure on pricing and profit margins. The company must continually invest in research and development to maintain its market position and prevent loss of market share to competitors.
- Economic and Regulatory Headwinds, Including Supply Chain Disruptions and Cost Volatility: The company is exposed to economic uncertainties, such as the impact of tariffs and trade policies, and faces potential disruptions in its supply chains. Fluctuations in raw material costs, interest rates, and foreign exchange rates can affect its profitability and operational efficiency. Additionally, Zurn Elkay must navigate evolving environmental regulations, which could result in significant compliance costs.
- Challenges in Achieving Organic Revenue Growth and Managing Operational Integration/Restructuring: Zurn Elkay has shown an absence of organic revenue growth over the past two years, suggesting a potential reliance on acquisitions for expansion. The company has also incurred and continues to incur restructuring charges related to optimizing its operating margin and manufacturing footprint, including workforce reductions and facility rationalization. Furthermore, the integration of the Elkay merger, completed in 2022, presents ongoing operational challenges and risks.
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Zurn Elkay Water Solutions (ZWS) operates in several addressable markets related to sustainable water management. The company's main products and services encompass water dispensing and filtration, water safety and control, flow systems, restroom solutions, and sinks and plumbing fixtures, catering to both commercial and residential sectors.
The addressable markets for Zurn Elkay's main products and services in North America are sized as follows:
- North America Plumbing Fixtures Market: This market, which includes products like faucets, sinks, bathtubs, showers, and toilets, was valued at approximately USD 29.32 billion in 2024. It is estimated to grow at a Compound Annual Growth Rate (CAGR) of 7.93% from 2025 to 2034, reaching an estimated USD 62.89 billion by 2034. Another estimate places the market size at USD 29.15 billion in 2024, projected to reach USD 45.76 billion by 2030, with a CAGR of 7.7% from 2025 to 2030. The U.S. plumbing fixtures market alone accounted for a dominant 69.8% revenue share within North America in 2024.
- North America Plumbing Components Market: This broader market, which includes pipes, fittings, and valves, was valued at USD 38.3 billion in 2025 and is projected to reach USD 56.1 billion by 2032. A sub-segment, the North America plumbing parts market, was valued at USD 11.28 billion in 2023 and is expected to reach USD 15.79 billion by 2029, growing at a CAGR of 5.77%.
- North America Water Pipe and Fittings Market: This specific segment was valued at USD 39.11 billion in 2022 and is projected to reach USD 53.97 billion by 2030, with a CAGR of 4.08% from 2024 to 2030.
- North America Water Treatment System Market: This market, which encompasses drinking water treatment systems and other applications, was valued at approximately USD 15.74 billion in 2023. It is projected to reach USD 24.24 billion by 2031, with a CAGR of approximately 5.5% from 2023 to 2031.
- North America Water Purifier Market: Valued at USD 10.21 billion in 2024, this market is anticipated to reach USD 20.17 billion by 2033, growing at a CAGR of 7.86% from 2025 to 2033. Within this, the U.S. water purifier market alone was valued at USD 6.75 billion in 2024 and is projected to grow to USD 10.35 billion by 2032.
- North America Household Water Treatment System Market: This market was valued at USD 4.65 billion in 2022 and is projected to exceed USD 8.76 billion by 2032, with a CAGR of 6.5% from 2022 to 2032.
- North America Point of Entry Water Treatment Systems Market: This market was estimated at USD 1.57 billion in 2023 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2030, reaching USD 2.15 billion by 2030.
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Here are 3-5 expected drivers of future revenue growth for Zurn Elkay Water Solutions (ZWS) over the next 2-3 years:- Growth in Non-Residential End Markets: Zurn Elkay Water Solutions anticipates continued mid-single-digit core sales growth within its non-residential end markets. This segment consistently contributes to the company's sales performance, with growth initiatives aligning with market expectations.
- Strategic Acquisitions and Partnerships: The company plans to pursue strategic acquisitions and partnerships to broaden its product offerings and expand its market reach. Zurn Elkay Water Solutions maintains a strong balance sheet and healthy cash flow, providing the flexibility to cultivate such merger and acquisition opportunities.
- New Product Development and Innovation: A focus on new product launches, especially within sustainable water solutions, is expected to drive revenue. An example is the 2025 launch of the Elkay Pro Filtration product line, which aims to address advanced PFAS reduction. Zurn Elkay's commitment to an innovative and sustainable product portfolio is central to its strategy to address water-related challenges.
- Leveraging Regulatory Tailwinds for Water Quality: The water solutions sector benefits from regulatory tailwinds and increasing demand for advanced treatment technologies due to global population growth and water scarcity. This provides a stable foundation for long-term growth and positions Zurn Elkay to capitalize on these trends with its diverse product portfolio.
- Operational Excellence and Strategic Pricing: Initiatives like the Zurn Elkay Business System (ZEBS) and continuous improvement activities contribute to operational efficiency and enable strategic pricing. These efforts, combined with synergies from the Elkay merger, drive margin expansion and enhance competitiveness, which can support sustainable revenue growth.
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Share Repurchases
- In fiscal year 2024, Zurn Elkay Water Solutions completed $150 million in common stock repurchases.
- The company repurchased $61 million of shares in the second quarter of 2024.
- In the third quarter of 2025, Zurn Elkay Water Solutions repurchased $25 million of stock and increased its share buyback authorization to $500 million.
Share Issuance
- In February 2025, a public offering of 7,750,000 shares was launched by Ice Mountain LLC, a former Elkay stockholder, from which Zurn Elkay Water Solutions did not issue new stock or receive proceeds.
- Stockholders approved an Employee Stock Purchase Plan (ESPP) in May 2024, allowing for the future issuance of up to 2,000,000 shares to eligible employees.
- The number of common shares outstanding decreased from 172,262,163 at December 31, 2023, to 170,308,023 at December 31, 2024.
Outbound Investments
- On July 1, 2022, Zurn Water Solutions Corporation completed its combination with Elkay Manufacturing Company, leading to the formation of Zurn Elkay Water Solutions Corporation.
- Cash acquisitions amounted to $44.8 million in fiscal year 2022.
- In fiscal year 2021, the company's cash acquisitions were $17.1 million.
Capital Expenditures
- Capital expenditures were $21.8 million in fiscal year 2024 and $21.3 million in fiscal year 2023.
- The company's innovation efforts focus capital expenditures on products that save water, use less energy, provide clean drinking water, reduce installation time, and lower maintenance costs to support sustainability goals.
- Expected full-year free cash flow for 2025 is approximately $290 million.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to ZWS. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.6% | 17.6% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.6% | 6.6% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.8% | 6.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.2% | 3.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 4.9% | 4.9% | -0.4% |
| 03312020 | ZWS | Zurn Elkay Water Solutions | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 32.0% | 109.7% | -14.7% |
Research & Analysis
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Peer Comparisons for Zurn Elkay Water Solutions
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 62.78 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.2% |
| Op Mgn 3Y Avg | 15.8% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 20.1% |
| FCF/Rev LTM | 17.8% |
| FCF/Rev 3Y Avg | 18.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 159.0 |
| P/S | 4.6 |
| P/EBIT | 23.7 |
| P/E | 38.6 |
| P/CFO | 21.8 |
| Total Yield | 4.1% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Price Behavior
| Market Price | $47.77 | |
| Market Cap ($ Bil) | 8.0 | |
| First Trading Date | 03/29/2012 | |
| Distance from 52W High | -0.8% | |
| 50 Days | 200 Days | |
| DMA Price | $46.96 | $40.91 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 1.7% | 16.8% |
| 3M | 1YR | |
| Volatility | 20.7% | 28.9% |
| Downside Capture | 109.23 | 84.30 |
| Upside Capture | 100.46 | 95.74 |
| Correlation (SPY) | 58.2% | 59.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 0.93 | 1.01 | 0.83 | 0.89 | 1.06 |
| Up Beta | 0.87 | 0.47 | 0.92 | 1.00 | 0.80 | 0.95 |
| Down Beta | 0.36 | 0.93 | 0.86 | 1.18 | 0.98 | 1.01 |
| Up Capture | 113% | 101% | 108% | 88% | 93% | 169% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 21 | 32 | 69 | 128 | 384 |
| Down Capture | 89% | 108% | 112% | 38% | 92% | 103% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 21 | 30 | 56 | 119 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of ZWS With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ZWS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 28.7% | 19.1% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 28.8% | 18.8% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | 0.87 | 0.79 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 64.0% | 59.4% | -11.9% | 14.3% | 43.3% | 20.6% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of ZWS With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ZWS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.0% | 13.8% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 39.3% | 17.2% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.29 | 0.64 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 52.7% | 47.0% | 3.0% | 10.6% | 41.9% | 15.4% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of ZWS With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ZWS | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.2% | 13.7% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 38.6% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.42 | 0.61 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 64.5% | 59.4% | -0.8% | 21.7% | 47.6% | 12.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | 4.2% | 1.8% | 4.8% |
| 7/29/2025 | 12.2% | 16.4% | 21.9% |
| 4/22/2025 | 4.9% | 9.8% | 15.6% |
| 2/4/2025 | -3.3% | -6.4% | -12.0% |
| 10/29/2024 | -0.1% | 7.1% | 10.7% |
| 7/10/2024 | 2.8% | 7.8% | 3.9% |
| 4/23/2024 | -1.9% | -4.5% | -1.4% |
| 10/31/2023 | 3.4% | 7.0% | 11.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 4.9% | 7.0% | 10.7% |
| Median Negative | -2.5% | -5.5% | -4.9% |
| Max Positive | 12.2% | 16.4% | 23.0% |
| Max Negative | -11.0% | -11.2% | -18.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/28/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/29/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/22/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/10/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/29/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/30/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 04/23/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/06/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 10/31/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 07/24/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 04/25/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/14/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 10/25/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 07/26/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 04/27/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/09/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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