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Relative Intelligence · Commercial Vehicles

How PACCAR (PCAR) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on PCAR alone. It places PCAR (PACCAR Inc) against 18 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where PCAR stands in the market, and of the alternatives worth a closer look.

Period covered: PCAR's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against PCAR →Chart PCAR vs. 18 alternatives →
On this page12 sections

Key findings

How much would $10,000 in PCAR have grown?

This chart tracks a hypothetical $10,000 investment in PCAR over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of PCAR over the same span and PCAR's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 140 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of PCAR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M199720022007201220172022$10,000$100,000$1M19972004201120182025
  • ODFL$2M+21,393% total · +20.3% a year
  • OSK$650,601+6,406% total · +15.5% a year
  • CAT$615,591+6,056% total · +15.3% a year
  • CMI$509,932+4,999% total · +14.5% a year
  • DE$436,954+4,270% total · +13.9% a year
  • PCAR$395,017+3,850% total · +13.5% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • BWA$132,696+1,227% total · +9.3% a year
  • R$129,326+1,193% total · +9.2% a year
  • MTW$45,662+357% total · +5.4% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 508 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of PCAR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000202120222023202420252026$0$20,000$40,000$60,000$80,000202120222023202420252026
  • CAT$46,130+361% total · +35.8% a year
  • PH$36,392+264% total · +29.5% a year
  • ALSN$34,562+246% total · +28.2% a year
  • WAB$34,242+242% total · +27.9% a year
  • R$31,061+211% total · +25.4% a year
  • BLBD$26,606+166% total · +21.6% a year
  • CMI$25,796+158% total · +20.9% a year
  • PCAR$25,002+150% total · +20.1% a year
  • DE$21,391+114% total · +16.4% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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PCAR at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$58B
Industry
Industrial - Machinery
Price history from
October 1986

Returns

Past 1 year
+15.7%total return
Past 3 years
+50.2%+14.5% a year
Past 5 years
+128%+17.9% a year
Past 10 years
+314%+15.3% a year
Best calendar year
+89.8%2003
Worst calendar year
−46.3%2008
Losing years
6 of 29full calendar years

Risk

Volatility
26.1%typical yearly swing, 5 years
Sharpe ratio
0.76return per unit of risk, 5 years
Worst decline ever
−66.2%Jul 2007 to Mar 2009
From its all-time high
−20.2%below the peak

PCAR against the whole market

Where PCAR ranks among every stock and fund, and what across the market has done better.

How does PCAR rank among all stocks?

This section ranks PCAR on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how PCAR stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasurePCARRankStanding
1-year return+15.7%1,378 of 3,287top 42%
3-year return+50.2%1,540 of 3,017bottom 50%
5-year return+128%541 of 2,893top 19%
10-year return+314%551 of 2,202top 25%
Volatility, 5 years26.1%419 of 2,893top 14%
Sharpe ratio, 5 years0.76343 of 2,893top 12%
Worst decline, past 10 years−37.9%99 of 2,187top 5%

What has beaten PCAR on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). PCAR sits where the dashed lines cross. Anything in the green box above and to the left earned more than PCAR with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to PCAR; faint dots are 25 more of the 30 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than PCARACT: +20.5% a year, volatility 24.3%MPLX: +23.5% a year, volatility 18.8%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%WELL: +26.0% a year, volatility 23.8%TJX: +19.9% a year, volatility 22.3%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%MFC: +22.6% a year, volatility 24.0%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%EWT: +20.4% a year, volatility 24.2%FLTW: +21.8% a year, volatility 24.3%IXC: +20.7% a year, volatility 23.2%EWP: +19.2% a year, volatility 20.3%CRAK: +19.8% a year, volatility 20.9%ATMP: +21.2% a year, volatility 21.5%ACGL: +20.1% a year, volatility 24.5%PCAR: +17.9% a year, volatility 26.1%SPY (S&P 500): +12.7% a year, volatility 17.1%CAT: +31.1% a year, volatility 31.9%DE: +14.4% a year, volatility 29.9%ALSN: +27.3% a year, volatility 29.9%R: +25.1% a year, volatility 32.6%WAB: +25.6% a year, volatility 26.2%PH: +27.4% a year, volatility 28.8%ROK: +7.8% a year, volatility 32.3%ITT: +17.1% a year, volatility 29.8%LECO: +14.1% a year, volatility 27.5%NPO: +28.1% a year, volatility 36.0%WMT: +20.8% a year, volatility 22.6%PGR: +21.3% a year, volatility 25.6%COR: +24.2% a year, volatility 22.8%CAH: +42.1% a year, volatility 24.7%GILD: +22.8% a year, volatility 24.9%DBJP: +20.9% a year, volatility 19.2%SPMO: +18.7% a year, volatility 20.8%LLY: +40.7% a year, volatility 32.8%PCARSPY (S&P 500)CATDEALSNRWABPHROKITTLECONPOWMTPGRCORCAHGILDDBJPSPMOLLY15.0%20.0%25.0%30.0%35.0%40.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than PCARACT: +20.5% a year, volatility 24.3%MPLX: +23.5% a year, volatility 18.8%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%WELL: +26.0% a year, volatility 23.8%TJX: +19.9% a year, volatility 22.3%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%MFC: +22.6% a year, volatility 24.0%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%EWT: +20.4% a year, volatility 24.2%FLTW: +21.8% a year, volatility 24.3%IXC: +20.7% a year, volatility 23.2%EWP: +19.2% a year, volatility 20.3%CRAK: +19.8% a year, volatility 20.9%ATMP: +21.2% a year, volatility 21.5%ACGL: +20.1% a year, volatility 24.5%PCAR: +17.9% a year, volatility 26.1%SPY (S&P 500): +12.7% a year, volatility 17.1%CAT: +31.1% a year, volatility 31.9%DE: +14.4% a year, volatility 29.9%ALSN: +27.3% a year, volatility 29.9%R: +25.1% a year, volatility 32.6%WAB: +25.6% a year, volatility 26.2%PH: +27.4% a year, volatility 28.8%ROK: +7.8% a year, volatility 32.3%ITT: +17.1% a year, volatility 29.8%LECO: +14.1% a year, volatility 27.5%NPO: +28.1% a year, volatility 36.0%WMT: +20.8% a year, volatility 22.6%PGR: +21.3% a year, volatility 25.6%COR: +24.2% a year, volatility 22.8%CAH: +42.1% a year, volatility 24.7%GILD: +22.8% a year, volatility 24.9%DBJP: +20.9% a year, volatility 19.2%SPMO: +18.7% a year, volatility 20.8%LLY: +40.7% a year, volatility 32.8%PCARSPY (S&P 500)CATDEALSNRWABROKITTLECONPOWMTPGRCORCAHDBJPLLY
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than PCAR?

Investments that beat PCAR over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat PCAR over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks PCAR's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than PCAR follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than PCAR's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× PCAR's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than PCAR's.

Screen the whole market against PCAR for any period in BetterThanSPYOpen these 19 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with PCAR?lower diversifies moreExpenseper year
PCARPACCAR Inc · this page
+17.9%26.1%0.76−37.9%+314%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.580.09%
Popular alternativesbest 4 shownThe investments people most often weigh against PCAR. 4 of 18 passed at least one test.
CATCaterpillar Inc. · Industrial Machinery
Higher return in most periods+31.1%31.9%1.01−43.4%+936%0.53—
DEDeere & Company · Industrial Machinery
Higher return in most periods+14.4%29.9%0.60−37.9%+755%0.52—
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Higher return in most periods+27.3%29.9%0.96−48.7%+367%0.64—
RRyder System, Inc. · Freight & Logistics
Higher return in most periods+25.1%32.6%0.85−72.3%+407%0.47—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Commercial Vehicles and the categories next to it (Industrial Machinery, Auto Parts), plus PCAR's specific themes. 9 of 39 passed at least one test.
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Higher return, similar volatilityHigher return in most periods+25.6%26.2%1.00−64.1%+264%0.62—
PHParker-Hannifin Corporation · Industrial Machinery
Higher return in most periods+27.4%28.8%0.99−54.7%+789%0.73—
ROKRockwell Automation, Inc. · Industrial Machinery
Higher return in most periods+7.8%32.3%0.40−45.1%+335%0.51—
ITTITT Inc. · Industrial Machinery
Higher return in most periods+17.1%29.8%0.68−49.5%+539%0.68—
LECOLincoln Electric Holdings, Inc. · Industrial Machinery
Higher return in most periods+14.1%27.5%0.62−38.9%+389%0.71—
NPOEnPro Industries, Inc. · Industrial Machinery
Higher return in most periods+28.1%36.0%0.87−65.8%+481%0.57—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 345 of 3,576 passed at least one test.
WMTWalmart Inc. · Discount Retail
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.8%22.6%0.96−25.7%+508%0.39—
PGRThe Progressive Corporation · Property & Casualty Insurance
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.3%25.6%0.89−30.3%+816%0.32—
CORCencora, Inc. · Health Care Distribution
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+24.2%22.8%1.07−32.4%+406%0.53—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.36—
GILDGilead Sciences, Inc. · Biotechnology
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.8%24.9%0.95−30.5%+200%0.20—
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.9%19.2%1.09−31.3%+348%0.430.45%
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.7%20.8%0.93−30.9%+499%0.430.13%
LLYEli Lilly and Company · Pharmaceuticals
Higher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.07—
What these numbers mean for PCAR
Annual return
PCAR returned 17.9% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $22,800. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
PCAR's volatility over the past 5 years was 26.1%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, PCAR's return lands within 26.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
PCAR's Sharpe ratio over the past 5 years was 0.76, against 0.79 for the S&P 500, so PCAR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
PCAR's worst fall from a peak to a low over the past 10 years was 37.9%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 37.9% fall takes a 60.9% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, PCAR's monthly returns had a correlation of 0.58 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against PCAR instead: the lower it is, the more that option would diversify a PCAR holding. Guide: Correlation and diversification →
Show all 30 stocks and funds worth at least $500 million that earned more than PCAR with less volatility

Out of 3,633 tested over 5 years. The strongest 29 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with PCARExpense
1
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.39—
2
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.53—
3
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.36—
4
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.40—
5
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.61—
6
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.22—
7
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.430.45%
8
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.480.48%
9
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.35—
10
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.36—
11
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.47—
12
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.66—
13
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.54—
14
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.56—
15
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.58—
16
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.60—
17
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.49—
18
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.31—
19
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.41—
20
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.180.80%
21
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.31—
22
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.37—
23
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.230.59%
24
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.210.19%
25
IXCiShares Global Energy ETF · International
Whole market+20.7%23.2%0.93−64.2%+183%0.510.37%
26
EWPiShares MSCI Spain ETF · Broad Market
Whole market+19.2%20.3%0.97−46.4%+196%0.530.50%
27
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.430.61%
28
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.640.95%
29
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Whole market+20.1%24.5%0.87−53.8%+309%0.40—

PCAR against its popular alternatives

The investments people most often weigh against PCAR, compared period by period and year by year.

How do PCAR's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at PCAR, which divides the map into what did better or worse on each measure.

Green points earned more than PCAR with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%55.0%60.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityPCAR: 17.9% a year, volatility 26.1%SPY (S&P 500): 12.7% a year, volatility 17.1%DE: 14.4% a year, volatility 29.9%MTW: 1.6% a year, volatility 51.1%DAN: 5.8% a year, volatility 47.3%BWA: 9.3% a year, volatility 34.6%ODFL: 4.3% a year, volatility 36.9%GM: 6.9% a year, volatility 36.7%OSK: 6.4% a year, volatility 34.7%WNC: −2.6% a year, volatility 49.0%CNH: −5.4% a year, volatility 37.4%AGCO: −1.6% a year, volatility 35.8%F: 0.6% a year, volatility 39.2%TEX: 4.0% a year, volatility 44.3%GT: −26.5% a year, volatility 51.5%R: 25.1% a year, volatility 32.6%CAT: 31.1% a year, volatility 31.9%CMI: 19.9% a year, volatility 29.0%ALSN: 27.3% a year, volatility 29.9%BLBD: 23.6% a year, volatility 56.5%PCARSPY (S&P 500)DEMTWDANBWAODFLGMOSKWNCCNHAGCOFTEXGTRCATCMIALSNBLBD10.0%20.0%30.0%40.0%50.0%60.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityPCAR: 17.9% a year, volatility 26.1%SPY (S&P 500): 12.7% a year, volatility 17.1%DE: 14.4% a year, volatility 29.9%MTW: 1.6% a year, volatility 51.1%DAN: 5.8% a year, volatility 47.3%BWA: 9.3% a year, volatility 34.6%ODFL: 4.3% a year, volatility 36.9%GM: 6.9% a year, volatility 36.7%OSK: 6.4% a year, volatility 34.7%WNC: −2.6% a year, volatility 49.0%CNH: −5.4% a year, volatility 37.4%AGCO: −1.6% a year, volatility 35.8%F: 0.6% a year, volatility 39.2%TEX: 4.0% a year, volatility 44.3%GT: −26.5% a year, volatility 51.5%R: 25.1% a year, volatility 32.6%CAT: 31.1% a year, volatility 31.9%CMI: 19.9% a year, volatility 29.0%ALSN: 27.3% a year, volatility 29.9%BLBD: 23.6% a year, volatility 56.5%PCARSPY (S&P 500)MTWDANBWAODFLGMWNCCNHAGCOGTRCATALSNBLBD
All figures
InvestmentAnnual returnVolatility
CAT Caterpillar Inc.+31.1%31.9%
ALSN Allison Transmission Holdings, Inc.+27.3%29.9%
R Ryder System, Inc.+25.1%32.6%
BLBD Blue Bird Corporation+23.6%56.5%
CMI Cummins Inc.+19.9%29.0%
PCAR This pagePACCAR Inc+17.9%26.1%
DE Deere & Company+14.4%29.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
BWA BorgWarner Inc.+9.3%34.6%
GM General Motors Company+6.9%36.7%
OSK Oshkosh Corp+6.4%34.7%
DAN Dana Incorporated+5.8%47.3%
ODFL Old Dominion Freight Line, Inc.+4.3%36.9%
TEX Terex Corporation+4.0%44.3%
MTW The Manitowoc Company, Inc.+1.6%51.1%
F Ford Motor Company+0.6%39.2%
AGCO AGCO Corporation−1.6%35.8%
WNC Wabash National Corporation−2.6%49.0%
CNH CNH Industrial N.V.−5.4%37.4%
GT The Goodyear Tire & Rubber Company−26.5%51.5%
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Has PCAR consistently beaten its popular alternatives?

This section compares PCAR with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than PCAR helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than PCAR over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
PCAR PACCAR Inc (this page)—−4.1%−11.2%−13.7%−0.5%+15.7%+50.2%+128%+314%26.1%0.76−37.9%—$58B—
R QualifiedRyder System, Inc.4/5 short3/3 longAll-weather+0.1%−11.0%+4.0%+23.8%+31.6%+149%+206%+407%32.6%0.85−72.3%—$9.1B—
CAT QualifiedCaterpillar Inc.3/5 short3/3 long−11.2%−15.9%−8.8%+22.2%+37.7%+203%+288%+936%31.9%1.01−43.4%—$333B—
CMI QualifiedCummins Inc.3/5 short3/3 long+0.3%−15.8%−15.2%+3.8%+31.4%+160%+148%+444%29.0%0.77−44.0%—$74B—
ALSN QualifiedAllison Transmission Holdings, Inc.3/5 short3/3 long−7.7%−3.3%−15.1%+11.6%+36.2%+99.1%+234%+367%29.9%0.96−48.7%—$9.1B—
DE QualifiedDeere & Company4/5 short2/3 long−7.5%+8.1%+6.9%+36.5%+38.3%+75.4%+96.1%+755%29.9%0.60−37.9%—$170B—
BLBD QualifiedBlue Bird Corporation3/5 short2/3 long−2.2%−29.6%−8.9%+22.7%+3.7%+211%+189%+290%56.5%0.65−74.2%—$1.8B—
MTW Industrial - MachineryThe Manitowoc Company, Inc.5/5 short1/3 long−2.4%+73.7%+72.4%+82.0%+98.2%+69.4%+8.4%+28.0%51.1%0.28−83.4%—$801M—
DAN Auto - PartsDana Incorporated4/5 short1/3 long−2.7%+12.1%−22.3%+18.3%+53.4%+150%+32.4%+137%47.3%0.36−87.0%—$3.1B—
BWA Auto - PartsBorgWarner Inc.4/5 short1/3 long−7.5%−4.7%+5.6%+26.6%+37.9%+57.7%+55.9%+121%34.6%0.43−64.6%—$12B—
ODFL TruckingOld Dominion Freight Line, Inc.3/5 short1/3 long+7.4%−18.6%−15.5%+18.8%+34.7%−2.5%+23.4%+747%36.9%0.30−45.2%—$39B—
GM Auto - ManufacturersGeneral Motors Company3/5 short1/3 long−8.2%+1.9%−3.9%−4.2%+34.0%+168%+39.5%+193%36.7%0.36−59.9%—$68B—
OSK Agricultural - MachineryOshkosh Corp3/5 short1/3 long−7.3%−6.1%−11.7%+1.7%+0.1%+57.3%+36.2%+192%34.7%0.35−48.7%—$8.2B—
WNC Agricultural - MachineryWabash National Corporation5/5 short0/3 long+8.6%−3.5%+34.9%+46.7%+45.3%−34.4%−12.4%+15.8%49.0%0.19−76.4%—$519M—
CNH Agricultural - MachineryCNH Industrial N.V.3/5 short0/3 long−14.4%+11.7%+7.4%+24.6%+10.9%+10.3%−24.3%+78.9%37.4%0.04−65.8%—$14B—
AGCO Agricultural - MachineryAGCO Corporation2/5 short0/3 long−12.7%−6.6%−12.5%−0.4%−2.0%−2.5%−7.5%+155%35.8%0.14−54.1%—$7.3B—
F Auto - ManufacturersFord Motor Company1/5 short0/3 long−7.8%−12.2%−3.5%−5.9%+6.0%+25.9%+3.0%+71.8%39.2%0.21−64.7%—$48B—
TEX Industrial - MachineryTerex Corporation0/5 short0/3 long−10.7%−16.1%−14.8%−3.6%−3.4%+14.8%+21.6%+141%44.3%0.31−74.1%—$6.0B—
GT Auto - PartsThe Goodyear Tire & Rubber Company0/5 short0/3 long−15.5%−41.4%−41.3%−52.5%−39.8%−65.5%−78.5%−85.4%51.5%-0.34−87.8%—$1.2B—
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How did PCAR do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where PCAR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with PCAR and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of PCAR; gray means the two finished within a fraction of a point. The rank row places PCAR among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of PCAR20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
PCAR This pagePACCAR Inc—+8.0%+10.8%+54.5%+17.0%+5.6%+11.8%+45.1%−15.3%+14.9%+37.1%−27.1%+18.3%+34.9%+22.9%−32.5%+60.3%+28.9%−46.4%+29.8%+46.9%−10.4%+47.3%+89.8%+9.4%+36.5%+17.1%+13.4%−17.5%+57.5%
Rank among alternativesTop quarter in 9 of 2914 of 197 of 193 of 195 of 1916 of 1911 of 193 of 196 of 1917 of 1910 of 1914 of 195 of 1811 of 188 of 1712 of 177 of 1611 of 165 of 158 of 155 of 1511 of 155 of 153 of 154 of 152 of 152 of 156 of 158 of 153 of 15
SPY S&P 500State Street SPDR S&P 500 ETF12 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
R Ryder System, Inc.9 of 29+24.5%+39.5%+41.6%+4.4%+37.6%+20.2%+17.4%−41.0%+15.9%+34.4%−37.6%+28.0%+50.9%−3.5%+3.2%+31.2%+9.3%−16.1%−6.4%+26.3%−12.7%+41.9%+55.6%+3.5%+37.0%−29.7%−3.6%−19.0%+18.5%
CAT Caterpillar Inc.14 of 29+60.3%+24.7%+25.9%+18.6%+16.0%+27.0%+19.5%−17.6%+75.0%+42.1%−23.0%+3.5%+3.4%+1.6%−1.5%+68.5%+33.2%−36.8%+20.5%+7.8%+20.7%+19.7%+86.1%−9.8%+13.7%+4.1%+4.7%−3.0%+31.2%
CMI Cummins Inc.13 of 29+49.4%+48.9%+1.7%+14.1%−1.7%+30.5%+38.0%−22.1%+32.7%+60.7%−37.2%+4.3%+32.5%+25.2%−18.9%+143%+75.2%−57.4%+118%+33.2%+8.7%+74.5%+78.5%−24.6%+4.7%−18.6%+39.0%−38.3%+30.5%
ALSN Allison Transmission Holdings, Inc.6 of 13−8.3%+88.0%+42.3%+16.9%−14.1%−9.1%+11.5%+3.4%+29.8%+33.1%−22.1%+24.8%+37.7%————————————————
DE Deere & Company13 of 29+11.4%+7.6%−5.5%+26.6%+28.9%+58.0%+18.3%−2.9%+54.8%+39.0%−11.3%−0.5%+8.2%+14.3%−5.0%+56.3%+44.8%−58.1%+98.6%+42.3%−6.6%+16.3%+44.4%+7.1%−2.6%+8.1%+34.8%−42.3%+46.1%
BLBD Blue Bird Corporation7 of 11+21.7%+43.3%+152%−31.5%−14.3%−20.3%+26.0%−8.6%+28.8%+52.4%+2.9%——————————————————
MTW The Manitowoc Company, Inc.13 of 29+31.3%−45.3%+82.2%−50.7%+39.7%−23.9%+18.5%−62.5%+64.5%+72.1%−30.2%−4.8%+49.3%+71.6%−29.4%+32.5%+17.2%−82.2%+64.7%+138%+34.1%+21.5%+23.8%−17.2%+8.3%−13.7%+15.5%+37.9%+22.2%
DAN Dana Incorporated7 of 17+110%−17.9%−0.7%−32.1%+18.8%+8.0%+36.9%−56.5%+70.5%+40.0%−35.8%+11.9%+27.0%+30.3%−29.4%+58.7%+1,366%————————————
BWA BorgWarner Inc.11 of 29+43.9%−10.2%+2.6%−9.2%+18.4%−9.2%+27.1%−31.0%+31.2%−7.3%−20.5%−0.8%+56.9%+12.4%−11.9%+118%+53.7%−54.5%+65.5%−1.6%+13.2%+28.5%+70.9%−2.5%+31.7%+0.6%−26.6%+8.4%+37.2%
ODFL Old Dominion Freight Line, Inc.15 of 29−10.5%−12.5%+43.5%−20.5%+84.2%+54.8%+54.3%−5.8%+53.9%+45.3%−23.9%+46.5%+54.6%+26.9%+26.6%+56.2%+7.9%+23.5%−4.4%−10.5%+16.1%+53.7%+78.3%+125%+33.5%−11.6%−5.5%−25.4%+43.5%
GM General Motors Company8 of 15+54.2%+49.8%+8.0%−42.4%+40.8%+15.2%+14.0%−15.0%+22.5%+7.4%+1.5%−11.6%+41.8%+42.2%−45.0%——————————————
OSK Oshkosh Corp15 of 29+34.5%−10.8%+25.2%−20.5%+32.5%−7.5%+56.6%−31.6%+42.3%+68.4%−18.5%−2.2%+70.4%+38.7%−39.3%−4.8%+321%−80.7%−1.7%+9.5%+31.3%+34.6%+66.7%+27.5%+11.7%+51.7%+34.2%+88.0%+75.6%
WNC Wabash National Corporation9 of 29−48.1%−32.2%+14.9%+18.2%+15.5%+20.3%+15.5%−38.8%+38.8%+33.8%−4.3%+0.1%+37.7%+14.4%−33.9%+527%−57.9%−40.6%−48.3%−19.9%−28.7%−8.1%+250%+7.5%−8.6%−41.6%−25.5%−28.1%+55.6%
CNH CNH Industrial N.V.10 of 29−17.1%−3.2%−22.0%−15.8%+52.6%+16.8%+21.5%−30.3%+56.1%+29.4%−12.9%−27.3%+7.7%+12.2%−24.7%+91.1%+59.9%−76.3%+141%+47.1%−4.3%+16.7%−12.5%−37.6%−29.5%−35.2%−2.7%+159%−74.7%
AGCO AGCO Corporation12 of 29+12.8%−20.5%−7.9%+25.0%+16.2%+34.8%+40.0%−21.3%+24.2%+28.9%+1.4%−22.9%+21.3%+14.3%−15.2%+56.7%+37.1%−65.3%+120%+86.8%−24.3%+8.7%−8.9%+40.1%+30.3%−9.4%+71.0%−72.9%+2.3%
F Ford Motor Company6 of 29+42.3%−13.1%+15.9%−42.2%+137%−3.9%+29.7%−34.4%+8.8%−8.0%−5.4%+3.7%+22.4%+22.6%−35.9%+68.0%+336%−66.0%−10.2%−0.3%−45.2%−5.9%+78.6%−39.0%−30.1%−17.7%−9.2%+81.2%+50.6%
TEX Terex Corporation13 of 29+17.2%−18.6%+36.1%−1.5%+27.2%+17.8%+9.7%−42.2%+54.3%+72.8%−33.0%−33.2%+49.6%+108%−56.5%+56.7%+14.4%−73.6%+1.5%+118%+24.7%+67.3%+155%−36.4%+8.4%−41.7%−2.8%+21.6%+132%
GT The Goodyear Tire & Rubber Company9 of 29−2.7%−37.1%+41.1%−52.4%+95.4%−29.1%−20.8%−35.4%+6.1%−4.5%+15.3%+20.9%+73.1%−2.5%+19.6%−16.0%+136%−78.8%+34.4%+20.8%+18.5%+86.6%+15.3%−70.3%+8.0%−13.4%−43.0%−19.1%+26.3%
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Risk and diversification

How PCAR has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were PCAR's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents PCAR's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means PCAR fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringPCAR fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−66.2%−54.4%Jul 2007Mar 200920 monthsJul 20134.3 years
No named crash−46.3%—May 1989Aug 199015 monthsMay 19919 months
No named crash−43.9%−3.0%Feb 1998Oct 19988 monthsJul 20012.8 years
No named crash−43.0%—Jun 1987Oct 19874 monthsApr 19886 months
Dot-com bust−40.9%−31.8%Mar 2002Oct 20027 monthsMar 20035 months

How did PCAR do in stock market crashes?

This section measures how far PCAR, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than PCAR.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
PCAR This pagePACCAR Inc—−6.0%−17.4%−34.0%−23.9%−7.8%−27.9%−35.0%−3.0%−62.5%−40.9%
SPY S&P 500State Street SPDR S&P 500 ETF7 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
R Ryder System, Inc.2 of 10−9.7%−25.3%−38.9%−38.4%−5.2%−47.4%−39.2%−6.1%−74.0%−36.9%
CAT Caterpillar Inc.4 of 10−9.7%−30.1%−33.1%−28.5%−7.3%−26.0%−33.2%−2.2%−73.3%−42.5%
CMI Cummins Inc.2 of 10−7.9%−20.7%−38.6%−17.7%−11.0%−35.1%−27.6%−2.9%−75.7%−60.2%
ALSN Allison Transmission Holdings, Inc.3 of 6−8.7%−21.7%−39.6%−23.4%−4.7%−27.4%————
DE Deere & Company6 of 10−6.7%−33.8%−37.4%−17.5%−6.9%−24.9%−24.2%0.0%−73.3%−37.3%
BLBD Blue Bird Corporation1 of 6−9.8%−65.0%−52.1%−36.8%−6.2%−32.0%————
MTW The Manitowoc Company, Inc.0 of 10−14.7%−60.8%−33.7%−47.6%−8.2%−28.7%−62.4%−5.7%−95.2%−47.7%
DAN Dana Incorporated1 of 8−12.3%−54.1%−75.5%−36.0%−7.0%−41.8%−46.2%−5.5%——
BWA BorgWarner Inc.2 of 10−7.4%−36.2%−43.6%−26.3%−5.5%−41.3%−29.7%−6.3%−72.1%−42.2%
ODFL Old Dominion Freight Line, Inc.4 of 10−6.0%−34.5%−28.6%−28.4%−10.3%−31.0%−26.2%−3.6%−50.7%−33.3%
GM General Motors Company4 of 7−10.1%−53.0%−51.8%−14.9%−3.9%−25.5%−34.4%———
OSK Oshkosh Corp3 of 10−9.1%−42.9%−42.4%−30.5%−4.8%−30.4%−52.5%−2.2%−93.5%−34.6%
WNC Wabash National Corporation2 of 10−9.7%−41.9%−43.5%−36.4%−10.2%−26.1%−49.1%−0.6%−92.7%−78.8%
CNH CNH Industrial N.V.0 of 10−9.6%−34.7%−46.5%−32.7%−11.1%−38.6%−43.2%−2.5%−91.3%−80.9%
AGCO AGCO Corporation3 of 10−9.7%−36.9%−46.1%−19.2%−8.0%−24.1%−36.6%−0.6%−78.7%−44.1%
F Ford Motor Company5 of 10−7.3%−55.6%−50.0%−21.1%−4.5%−25.7%−29.6%−2.4%−86.3%−75.5%
TEX Terex Corporation0 of 10−13.7%−41.1%−50.2%−38.7%−8.3%−45.9%−60.4%−8.6%−91.6%−45.3%
GT The Goodyear Tire & Rubber Company2 of 10−10.9%−58.2%−60.1%−20.9%−12.7%−24.6%−47.6%−5.2%−88.7%−76.7%
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How closely does PCAR move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares PCAR with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than PCAR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
PCAR This pagePACCAR Inc103%108%0.950.97
DE Deere & Company110%66%1.670.98
CAT Caterpillar Inc.148%122%1.211.27
ODFL Old Dominion Freight Line, Inc.127%107%1.191.10
BLBD Blue Bird Corporation91%89%1.021.32
CMI Cummins Inc.118%118%1.001.15
ALSN Allison Transmission Holdings, Inc.111%112%0.981.07
R Ryder System, Inc.120%129%0.931.47
AGCO AGCO Corporation99%121%0.811.22
GM General Motors Company107%135%0.791.31
OSK Oshkosh Corp127%178%0.711.41
BWA BorgWarner Inc.109%157%0.701.31
CNH CNH Industrial N.V.113%168%0.671.48
TEX Terex Corporation133%199%0.671.60
DAN Dana Incorporated174%274%0.632.26
F Ford Motor Company105%167%0.631.51
MTW The Manitowoc Company, Inc.153%279%0.552.07
WNC Wabash National Corporation115%217%0.531.64
GT The Goodyear Tire & Rubber Company77%263%0.291.63
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What diversifies PCAR?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with PCAR's. Because such investments tend not to fall at the same time, pairing PCAR with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which PCAR lost money. The last two columns show a portfolio that is 80% PCAR and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20182015201120082005199880/20 mix volatility80/20 mix annual return
PCAR PACCAR Inc (this page)1.00+128%0.76−15.3%−27.1%−32.5%−46.4%−10.4%−17.5%26.2%+20.1%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.48+225%1.34−19.8%+7.7%−16.1%−20.8%——22.3%+21.9%
SMH TechnologyVanEck Semiconductor ETF0.28+323%0.97−9.1%−0.3%+6.8%−44.7%+10.8%—23.9%+24.7%
GLD CommoditiesSPDR Gold Shares0.07+126%0.96−1.9%−10.7%+9.6%+4.9%+17.8%—21.5%+20.6%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.43+136%0.93−0.9%—————23.1%+21.0%
EWT TechnologyiShares MSCI Taiwan ETF0.23+153%0.89−9.9%−12.9%−21.8%−45.3%+4.7%—22.7%+21.4%
EDIV InternationalState Street SPDR S&P Emerging Markets Dividend ETF0.41+69.9%0.84−6.2%−27.4%————22.2%+18.8%
AVDV InternationalAvantis International Small Cap Value ETF0.49+91.4%0.84——————22.9%+19.6%
PTLC Broad MarketPacer Trendpilot US Large Cap ETF0.47+57.4%0.83+1.5%—————22.1%+18.6%

Stocks

InvestmentCorrelation5Y returnSharpe20182015201120082005199880/20 mix volatility80/20 mix annual return
PCAR PACCAR Inc (this page)1.00+128%0.76−15.3%−27.1%−32.5%−46.4%−10.4%−17.5%26.2%+20.1%
CAH Medical - DistributionCardinal Health, Inc.0.36+479%1.55−24.5%+12.6%+8.1%−39.6%+18.7%+51.7%23.4%+24.3%
CLS Hardware, Equipment & PartsCelestica Inc.0.30+3,143%1.47−16.3%−6.0%−24.4%−20.5%−25.2%—26.9%+37.5%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.44+1,636%1.46+0.8%+67.7%−17.0%−15.2%+20.1%−9.5%26.2%+33.1%
MCK Medical - DistributionMcKesson Corporation0.32+413%1.44−28.4%−4.5%+11.8%−40.4%+64.9%+46.9%23.1%+23.7%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.36+690%1.41−8.2%+17.4%————24.1%+26.4%
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Common questions

What was PCAR's worst drawdown?

PCAR's deepest decline since it began trading in 1986 was 66.2%, from July 2007 to March 2009. It took about four years from the low to climb back to its old high.

What were PCAR's best and worst years?

Over 29 full calendar years, PCAR's best year was 2003, when it returned 89.8%. Its worst was 2008, with a return of -46.3%.

Is there a better investment than PCAR?

Among PCAR's popular alternatives, CAT, DE and ALSN were ahead of PCAR in most short and long periods. Looking beyond its popular alternatives, WAB (industrial machinery) earned more than PCAR over the past 5 years with similar volatility: 25.6% a year at 26.2% volatility, against 17.9% a year at 26.1%.

Is PCAR more volatile than the S&P 500?

Yes. PCAR's volatility over the past 5 years was 26.1%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, PCAR's return lands within 26.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is PCAR's Sharpe ratio?

PCAR's Sharpe ratio over the past 5 years was 0.76, against 0.79 for the S&P 500, so PCAR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is PCAR with the S&P 500?

Over the past 5 years, PCAR's monthly returns had a correlation of 0.58 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against PCAR instead: the lower it is, the more that option would diversify a PCAR holding.

What are the best alternatives to PCAR?

Of the 18 popular alternatives we compared, six outperformed PCAR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: R, CAT and CMI.

Did PCAR outperform the S&P 500?

PCAR finished ahead of the S&P 500 (SPY) in 17 of 29 full calendar years. In 2025, it returned +8.0%, against +17.7% for the index.

How did PCAR do in stock market crashes?

PCAR fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in seven. The clearest case was the 2011 euro debt crisis, when PCAR fell 35.0% and the S&P 500 fell 17.9%.

What diversifies PCAR?

These had a low correlation with PCAR over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.48), SMH (correlation 0.28) and GLD (correlation 0.07); among large stocks, CAH (correlation 0.36), CLS (correlation 0.30) and FIX (correlation 0.44). A correlation near zero means the two have moved largely independently.

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