Waters Corporation (WAT)

WAT · Health Care · United States

Waters Corporation (WAT) is a company in the Health Care sector, based in United States. The stock is held in 21 ETFs we track – with its largest weight of 0.67 % in XUHL (msci-usa-health-care). Anyone holding one of these ETFs also owns a small indirect stake in Waters Corporation.

Above-average ETF coverage: 21 of the 95 ETFs we cover hold Waters Corporation, spread across 10 indices. That puts the stock in more ETFs than 85.2 % of the 4,334 stocks we cover.

Held in21 ETFs

Highest weight0.67 %

Indices10

SectorHealth Care

CountryUnited States

ISINUS9418481035

WKN898123

Data note 1

Price chart

Data note 2

Performance

Performance
Year to date	+10.2 %	1 year	+38.1 %
1 month	+2.7 %	3 months	+17.3 %
Calendar year 2025	+2.4 %

52W

Data note 3

Measured in euros, Waters Corporation returned +12.3 % year to date and +41.4 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Risk metrics

Max drawdown-33.4 %

Volatility p.a.37.6 %

Data note 5

Below peak-0.6 %

Beta to S&P 5000.87

Correlation to S&P 5000.31

The close on Sep 16, 2026 was 0.6 % below the highest close since Aug 12, 2024, reached on Aug 27, 2026. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Waters Corporation moved on average 0.87 % in the same direction. The correlation of 0.31 shows how reliable that average is: the broad market explained only a small share of the daily moves.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Mettler-Toledo International Inc.	+0.68
Agilent Technologies Inc.	+0.67
Thermo Fisher Scientific Inc.	+0.63
Charles River Laboratories International Inc.	+0.62
Revvity Inc.	+0.58
Illumina Inc.	+0.54
Targa Resources Corp.	-0.33
Tyson Foods Inc. Class A	-0.28
USD/CHF	-0.27

Data note 7

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue3.2 bn $

Net income0.6 bn $

Diluted EPS10.76 $

Net margin20.3 %

Return on equity25.1 %

Equity ratio50.5 %

Revenue growth+7.0 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	3.0	0.6	21.7 %
FY2024	3.0	0.6	21.6 %
FY2025	3.2	0.6	20.3 %

Data note 8

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUHL / XUHC	msci-usa-health-care	0.67 %	€6.70
SPFS	msci-world-health-care	0.50 %	€5.00
XDWH	msci-world-health-care	0.49 %	€4.90
2B7K	msci-world-sri	0.19 %	€1.90
XDEQ	msci-world-quality	0.08 %	€0.80
SPYL / SPY5	sp500	0.06 %	€0.60
SXR8	sp500	0.06 %	€0.60
XD9U / XD9D	msci-usa	0.06 %	€0.60
SWWD	msci-world	0.05 %	€0.50
IUSQ	msci-acwi	0.05 %	€0.50
SPPW	msci-world	0.05 %	€0.50
XDWD / XDWL	msci-world	0.05 %	€0.50
WIMI	msci-world-imi	0.04 %	€0.40
SPYY	msci-acwi	0.04 %	€0.40
EUNL	msci-world	0.04 %	€0.40
SPYI / SPSA	msci-acwi-imi	0.01 %	€0.10

Data note 9

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Waters Corporation as of the fund's latest holdings list.

Weight in EUNL since 2021

Dec 31, 2021Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Waters Corporation had a weight of 0.04 % on Dec 31, 2021 and 0.04 % on Sep 16, 2026. Its share peaked at 0.04 % on Dec 31, 2021. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 10

How much Waters Corporation overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Waters Corporation — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Waters Corporation	+38.1 %	37.6 %	20.3 %	+7.0 %
Zoetis	-50.5 %	31.6 %	28.2 %	+2.3 %
Agilent Technologies	+20.8 %	31.5 %	18.8 %	+6.7 %
IQVIA Holdings Inc	+43.9 %	39.2 %	8.3 %	+5.9 %
Mettler-Toledo International	+8.0 %	32.7 %	21.6 %	+4.0 %
STERIS	-15.4 %	23.8 %	13.2 %	+8.7 %
Stryker Corporation	-24.4 %	25.4 %	12.9 %	+11.2 %
Veeva Systems	-3.3 %	39.1 %	28.4 %	+16.3 %
ResMed	-16.3 %	28.6 %	27.2 %	+9.8 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.