BetterThanSPY

Relative Intelligence · Engineering & Construction

How Comfort Systems USA (FIX) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on FIX alone. It places FIX (Comfort Systems USA, Inc.) against 20+ 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 FIX stands in the market, and of the alternatives worth a closer look.

Period covered: FIX's full trading record, from June 1997 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against FIX →Chart FIX vs. 24 alternatives →

This page answers the following questions about FIX

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

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

This chart tracks a hypothetical $10,000 investment in FIX over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of FIX over the same span and FIX'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. 30 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of FIX; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M199720022007201220172022$1,000$10,000$100,000$1M$10M19972004201120182025
  • AAPL$21M+205,249% total · +30.1% a year
  • AMZN$11M+114,749% total · +27.5% a year
  • STRL$8M+78,764% total · +25.9% a year
  • LRCX$2M+24,786% total · +21.0% a year
  • EME$2M+16,257% total · +19.2% a year
  • FIX$1M+10,682% total · +17.5% a year
  • JCI$864,263+8,543% total · +16.6% a year
  • ETN$538,468+5,285% total · +14.7% a year
  • TT$405,736+3,957% total · +13.6% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 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. 2 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of FIX. The other 6 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000202120222023202420252026$10,000$20,000$50,000$100,000$200,000202120222023202420252026
  • CLS$407,013+3,970% total · +110% a year
  • POWL$273,283+2,633% total · +93.8% a year
  • FIX$236,701+2,267% total · +88.3% a year
  • STRL$216,918+2,069% total · +85.0% a year
  • EME$66,450+565% total · +46.0% a year
  • PWR$56,870+469% total · +41.6% a year
  • ETN$31,102+211% total · +25.5% a year
  • TT$27,878+179% total · +22.8% a year
  • JCI$24,116+141% total · +19.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
Change the dates or add tickers to this chart in EasyCompare

FIX 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
$45B
Industry
Engineering & Construction
Price history from
June 1997

Returns

Past 1 year
+62.1%total return
Past 3 years
+744%+104% a year
Past 5 years
+1,452%+73.0% a year
Past 10 years
+4,888%+47.8% a year
Best calendar year
+121%2025
Worst calendar year
−71.1%2000
Losing years
7 of 28full calendar years

Risk

Volatility
46.9%typical yearly swing, 5 years
Sharpe ratio
1.41return per unit of risk, 5 years
Worst decline ever
−93.3%Jul 1998 to Apr 2003
From its all-time high
−38.1%below the peak

FIX against the whole market

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

How does FIX rank among all stocks?

This section ranks FIX 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 FIX 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.

MeasureFIXRankStanding
1-year return+62.1%398 of 3,282top 12%
3-year return+744%53 of 3,016top 2%
5-year return+1,452%6 of 2,897top 1%
10-year return+4,888%5 of 2,201top 1%
Volatility, 5 years46.9%1,788 of 2,897bottom 39%
Sharpe ratio, 5 years1.414 of 2,897top 1%
Worst decline, past 10 years−49.7%449 of 2,184top 21%

What has beaten FIX 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). FIX sits where the dashed lines cross. Anything in the green box above and to the left earned more than FIX 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 FIX. 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than FIXFIX: +73.0% a year, volatility 46.9%SPY (S&P 500): +12.5% a year, volatility 17.2%MU: +67.0% a year, volatility 57.1%PAYS: +42.6% a year, volatility 67.2%FIXSPY (S&P 500)MUPAYS0.0%20.0%40.0%60.0%80.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than FIXFIX: +73.0% a year, volatility 46.9%SPY (S&P 500): +12.5% a year, volatility 17.2%MU: +67.0% a year, volatility 57.1%PAYS: +42.6% a year, volatility 67.2%FIXSPY (S&P 500)MUPAYS
  • The whole market

Is there a better investment than FIX?

Investments that beat FIX 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 FIX 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 FIX'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.

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 FIX'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× FIX's volatility counts as better.

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

Screen the whole market against FIX for any period in BetterThanSPYOpen these 3 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 FIX?lower diversifies moreExpenseper year
FIXComfort Systems USA, Inc. · this page
+73.0%46.9%1.41−49.7%+4,888%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+316%0.580.09%
The whole marketbest 2 shownEvery other stock and fund worth at least $500 million. 2 of 3,501 passed at least one test.
MUMicron Technology, Inc. · Semiconductors
On the frontierHigher return in most periods+67.0%57.1%1.19−57.6%+5,050%0.27—
PAYSPaysign, Inc. · Payment Processing
Higher return in most periods+42.6%67.2%0.86−93.1%+8,122%0.05—
What these numbers mean for FIX
Annual return
FIX returned 73.0% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $155,000. 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
FIX's volatility over the past 5 years was 46.9%, 2.7 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, FIX's return lands within 46.9% 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
FIX's Sharpe ratio over the past 5 years was 1.41, against 0.78 for the S&P 500, so FIX earned more 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
FIX's worst fall from a peak to a low over the past 10 years was 49.7%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 49.7% fall takes a 98.7% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, FIX'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 FIX instead: the lower it is, the more that option would diversify a FIX holding. Guide: Correlation and diversification →

FIX against its popular alternatives

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

How do FIX'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 FIX, which divides the map into what did better or worse on each measure.

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

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityFIX: 73.0% a year, volatility 46.9%SPY (S&P 500): 12.5% a year, volatility 17.2%MTRX: −1.3% a year, volatility 54.0%PRIM: 20.5% a year, volatility 50.4%ROAD: 19.7% a year, volatility 47.2%IESC: 55.3% a year, volatility 58.1%LMB: 46.2% a year, volatility 64.6%ORN: 12.5% a year, volatility 63.6%VRT: 52.2% a year, volatility 64.3%STRL: 74.9% a year, volatility 60.2%PWR: 36.4% a year, volatility 37.4%EME: 40.8% a year, volatility 35.4%TT: 21.4% a year, volatility 27.7%ETN: 19.7% a year, volatility 32.2%JCI: 16.4% a year, volatility 29.2%TTEK: 2.7% a year, volatility 32.3%J: 6.2% a year, volatility 26.2%KBR: −0.6% a year, volatility 29.3%GVA: 23.3% a year, volatility 30.6%FLR: 18.6% a year, volatility 45.7%APG: 21.9% a year, volatility 32.0%CARR: 2.1% a year, volatility 32.3%MYRG: 18.3% a year, volatility 43.0%ACM: −1.1% a year, volatility 27.6%DY: 23.0% a year, volatility 44.6%MTZ: 14.1% a year, volatility 45.6%FIXSPY (S&P 500)MTRXPRIMROADIESCLMBORNVRTSTRLPWREMETTETNJCITTEKJKBRGVAFLRMYRGACMDYMTZ10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityFIX: 73.0% a year, volatility 46.9%SPY (S&P 500): 12.5% a year, volatility 17.2%MTRX: −1.3% a year, volatility 54.0%PRIM: 20.5% a year, volatility 50.4%ROAD: 19.7% a year, volatility 47.2%IESC: 55.3% a year, volatility 58.1%LMB: 46.2% a year, volatility 64.6%ORN: 12.5% a year, volatility 63.6%VRT: 52.2% a year, volatility 64.3%STRL: 74.9% a year, volatility 60.2%PWR: 36.4% a year, volatility 37.4%EME: 40.8% a year, volatility 35.4%TT: 21.4% a year, volatility 27.7%ETN: 19.7% a year, volatility 32.2%JCI: 16.4% a year, volatility 29.2%TTEK: 2.7% a year, volatility 32.3%J: 6.2% a year, volatility 26.2%KBR: −0.6% a year, volatility 29.3%GVA: 23.3% a year, volatility 30.6%FLR: 18.6% a year, volatility 45.7%APG: 21.9% a year, volatility 32.0%CARR: 2.1% a year, volatility 32.3%MYRG: 18.3% a year, volatility 43.0%ACM: −1.1% a year, volatility 27.6%DY: 23.0% a year, volatility 44.6%MTZ: 14.1% a year, volatility 45.6%FIXSPY (S&P 500)MTRXPRIMROADIESCLMBORNSTRLPWREMETTETNTTEKJKBRGVAFLRACMDYMTZ
All figures
InvestmentAnnual returnVolatility
STRL Sterling Infrastructure, Inc.+74.9%60.2%
FIX This pageComfort Systems USA, Inc.+73.0%46.9%
IESC IES Holdings, Inc.+55.3%58.1%
VRT Vertiv Holdings Co+52.2%64.3%
LMB Limbach Holdings, Inc.+46.2%64.6%
EME EMCOR Group, Inc.+40.8%35.4%
PWR Quanta Services, Inc.+36.4%37.4%
GVA Granite Construction Incorporated+23.3%30.6%
DY Dycom Industries, Inc.+23.0%44.6%
APG APi Group Corporation+21.9%32.0%
TT Trane Technologies plc+21.4%27.7%
PRIM Primoris Services Corporation+20.5%50.4%
ETN Eaton Corporation plc+19.7%32.2%
ROAD Construction Partners, Inc.+19.7%47.2%
FLR Fluor Corporation+18.6%45.7%
MYRG MYR Group Inc.+18.3%43.0%
JCI Johnson Controls International plc+16.4%29.2%
MTZ MasTec, Inc.+14.1%45.6%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
ORN Orion Group Holdings, Inc.+12.5%63.6%
J Jacobs Solutions Inc.+6.2%26.2%
TTEK Tetra Tech, Inc.+2.7%32.3%
CARR Carrier Global Corporation+2.1%32.3%
KBR KBR, Inc.−0.6%29.3%
ACM Aecom−1.1%27.6%
MTRX Matrix Service Company−1.3%54.0%
Open these 26 in EasyCompare

Has FIX consistently beaten its popular alternatives?

This section compares FIX 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 FIX helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than FIX 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
FIX Comfort Systems USA, Inc. (this page)—−21.3%−28.5%−25.7%+27.7%+62.1%+744%+1,452%+4,888%46.9%1.41−49.7%—$45B—
STRL Engineering & ConstructionSterling Infrastructure, Inc.1/5 short1/3 long−27.8%−48.2%−23.6%+16.8%+12.0%+425%+1,538%+4,686%60.2%1.23−62.5%—$11B—
PWR Engineering & ConstructionQuanta Services, Inc.3/5 short0/3 long−14.0%−14.1%−10.0%+25.7%+34.1%+235%+371%+1,878%37.4%1.02−45.5%—$83B—
EME Engineering & ConstructionEMCOR Group, Inc.3/5 short0/3 long−12.7%−12.5%−23.1%+3.6%−0.2%+245%+454%+1,116%35.4%1.15−48.0%—$29B—
TT Industrial - MachineryTrane Technologies plc3/5 short0/3 long+2.5%−5.0%−5.5%+13.6%+10.9%+146%+164%+927%27.7%0.84−40.5%—$99B—
ETN Electrical Equipment & PartsEaton Corporation plc3/5 short0/3 long−16.6%−9.1%−10.4%+13.7%+3.5%+96.0%+146%+636%32.2%0.72−44.5%—$143B—
JCI Construction MaterialsJohnson Controls International plc3/5 short0/3 long−2.3%+0.6%+2.8%+17.9%+33.3%+211%+114%+407%29.2%0.67−46.4%—$87B—
TTEK Engineering & ConstructionTetra Tech, Inc.3/5 short0/3 long+3.8%+19.0%+17.5%+10.1%+12.3%+23.9%+14.4%+406%32.3%0.24−47.5%—$9.4B—
J Engineering & ConstructionJacobs Solutions Inc.3/5 short0/3 long+2.2%+12.4%+15.3%+9.0%−6.3%+38.2%+35.2%+280%26.2%0.36−39.3%—$17B—
KBR Engineering & ConstructionKBR, Inc.3/5 short0/3 long+12.9%+11.4%+10.8%−1.1%−7.3%−29.7%−3.2%+207%29.3%0.13−58.0%—$5.0B—
GVA Engineering & ConstructionGranite Construction Incorporated3/5 short0/3 long−5.9%−14.4%−11.4%−9.2%+4.1%+214%+185%+174%30.6%0.84−84.7%—$4.7B—
FLR Engineering & ConstructionFluor Corporation3/5 short0/3 long−19.6%−15.8%−9.3%+4.1%−6.5%+27.8%+134%−5.7%45.7%0.61−94.2%—$5.8B—
MTRX Engineering & ConstructionMatrix Service Company3/5 short0/3 long−3.4%−23.1%−19.8%−20.0%−28.3%−20.1%−6.5%−48.4%54.0%0.24−86.6%—$273M—
APG Engineering & ConstructionAPi Group Corporation3/5 short0/3 long+2.8%−0.4%−20.0%−0.4%+15.3%+130%+170%—32.0%0.78−49.6%—$17B—
CARR Industrial - MachineryCarrier Global Corporation3/5 short0/3 long+2.2%−17.1%−6.2%+6.7%+1.1%+21.3%+10.9%—32.3%0.23−40.8%—$47B—
MYRG Engineering & ConstructionMYR Group Inc.2/5 short0/3 long−11.8%−37.7%−23.4%+12.5%+29.3%+104%+132%+755%43.0%0.61−61.5%—$4.0B—
PRIM Engineering & ConstructionPrimoris Services Corporation2/5 short0/3 long−12.2%−25.1%−60.9%−48.6%−48.6%+125%+154%+265%50.4%0.65−67.0%—$3.6B—
ACM Engineering & ConstructionAecom2/5 short0/3 long−1.8%−9.4%−25.5%−35.9%−52.5%−17.8%−5.4%+136%27.6%0.10−56.1%—$7.8B—
ROAD Engineering & ConstructionConstruction Partners, Inc.2/5 short0/3 long−13.2%−19.5%−30.6%−25.2%−29.8%+119%+145%—47.2%0.62−54.5%—$4.7B—
IESC Engineering & ConstructionIES Holdings, Inc.1/5 short0/3 long−31.2%−34.5%−24.2%+8.5%+22.6%+618%+802%+2,824%58.1%1.05−54.3%—$8.9B—
LMB Construction MaterialsLimbach Holdings, Inc.1/5 short0/3 long−8.7%−37.0%−50.2%−39.9%−48.2%+66.3%+569%+240%64.6%0.92−84.1%—$567M—
DY Engineering & ConstructionDycom Industries, Inc.1/5 short0/3 long−20.2%−48.1%−44.8%−35.2%−19.4%+163%+182%+163%44.6%0.69−89.0%—$6.8B—
ORN Engineering & ConstructionOrion Group Holdings, Inc.1/5 short0/3 long−6.9%−36.0%−30.7%−15.8%−0.1%+54.3%+80.1%+2.3%63.6%0.51−85.4%—$341M—
MTZ Engineering & ConstructionMasTec, Inc.0/5 short0/3 long−22.6%−52.0%−54.4%−24.6%−12.8%+174%+93.8%+478%45.6%0.52−67.9%—$14B—
VRT Electrical Equipment & PartsVertiv Holdings Co0/5 short0/3 long−22.8%−35.0%−35.9%+11.5%+14.1%+427%+717%—64.3%0.99−71.3%—$75B—
Open these 25 in EasyCompare

How did FIX do year by year?

This table shows each investment's total return in every full calendar year since 1998, along with where FIX ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with FIX 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 FIX; gray means the two finished within a fraction of a point. The rank row places FIX among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of FIX2025202420232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998
FIX This pageComfort Systems USA, Inc.—+121%+107%+79.6%+17.0%+89.0%+6.7%+15.1%+0.8%+32.1%+18.3%+67.7%−10.4%+61.7%+15.7%−17.0%+8.7%+17.8%−15.2%+2.1%+38.9%+20.1%+40.0%+63.6%−9.4%+73.7%−71.1%−58.7%−9.5%
Rank among alternativesTop quarter in 11 of 281 of 255 of 257 of 254 of 251 of 2516 of 2318 of 234 of 213 of 2116 of 212 of 2114 of 204 of 2014 of 2013 of 2012 of 2010 of 207 of 1913 of 176 of 158 of 152 of 159 of 157 of 152 of 1514 of 1414 of 149 of 12
SPY S&P 500State Street SPDR S&P 500 ETF10 of 28+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%
STRL Sterling Infrastructure, Inc.12 of 28+81.8%+91.6%+168%+24.7%+41.3%+32.2%+29.3%−33.1%+92.4%+39.1%−4.9%−45.5%+18.0%−7.7%−17.4%−31.9%+3.3%−15.1%+0.3%+29.3%+224%+14.6%+159%+4.2%+41.2%−9.2%−12.7%+63.1%
PWR Quanta Services, Inc.12 of 27+33.7%+46.6%+51.7%+24.6%+59.5%+77.8%+35.8%−22.9%+12.2%+72.1%−28.7%−10.1%+15.7%+26.7%+8.1%−4.4%+5.3%−24.6%+33.5%+49.3%+64.7%+9.5%+109%−77.3%−52.1%+71.0%+28.0%—
EME EMCOR Group, Inc.14 of 28+35.0%+111%+46.0%+16.8%+39.9%+6.5%+45.2%−26.7%+16.1%+48.2%+8.8%+5.6%+23.2%+31.2%−7.3%+7.8%+19.9%−5.1%−16.9%+68.4%+49.5%+2.9%−17.2%+16.7%+77.9%+40.0%+13.2%−21.6%
TT Trane Technologies plc13 of 28+6.4%+53.0%+47.4%−15.3%+41.0%+43.4%+48.3%+4.4%+21.3%+38.5%−11.1%+4.6%+29.9%+59.3%−34.7%+32.6%+110%−62.0%+20.2%−1.7%+1.7%+19.6%+59.7%+4.3%+1.2%−23.0%+17.7%+17.9%
ETN Eaton Corporation plc12 of 28−2.8%+39.5%+56.2%−7.2%+46.7%+31.0%+42.8%−10.0%+21.5%+33.8%−20.7%−8.2%+44.2%+28.6%−11.8%+64.0%+33.3%−47.1%+31.6%+14.4%−5.4%+36.5%+41.1%+7.6%+40.8%+6.0%+5.3%−19.0%
JCI Johnson Controls International plc14 of 28+54.0%+39.8%−7.6%−19.3%+77.4%+17.7%+40.8%−19.8%−6.3%+64.3%−23.3%+11.4%+46.9%+34.3%+19.3%+22.8%+76.7%−42.2%+61.6%+16.3%−11.9%+42.7%+75.4%−66.9%+9.3%+46.9%+7.9%+76.2%
TTEK Tetra Tech, Inc.13 of 28−15.2%+20.0%+15.7%−14.0%+47.4%+35.4%+67.8%+8.3%+12.5%+67.6%−1.4%−3.9%+5.8%+22.4%−13.9%−7.7%+12.6%+12.3%+18.5%+15.8%−6.6%−32.6%+104%−38.8%−22.0%+108%−29.0%+68.8%
J Jacobs Solutions Inc.11 of 28+1.1%+24.3%+9.2%−13.0%+28.7%+22.5%+55.2%−10.6%+17.0%+35.9%−6.1%−29.0%+47.9%+4.9%−11.5%+21.9%−21.8%−49.7%+134%+20.1%+42.1%−0.5%+34.9%+7.9%+42.8%+42.1%−20.2%+60.3%
KBR KBR, Inc.5 of 19−29.7%+5.6%+5.9%+11.9%+55.6%+3.2%+104%−22.1%+21.3%+0.8%+1.6%−46.1%+7.6%+8.1%−8.0%+61.6%+26.5%−60.5%+48.3%—————————
GVA Granite Construction Incorporated10 of 28+32.2%+73.8%+46.8%−7.8%+46.8%−0.7%−30.3%−35.8%+16.4%+29.6%+14.5%+10.3%+5.8%+44.3%−11.7%−16.9%−22.2%+23.2%−27.5%+41.3%+36.7%+15.3%+54.8%−34.6%+26.6%+59.9%−44.1%+122%
FLR Fluor Corporation5 of 25−19.7%+25.9%+13.0%+39.9%+55.1%−14.5%−39.5%−36.6%+0.1%+13.1%−20.8%−23.6%+38.0%+18.3%−23.6%+48.7%+1.6%−37.9%+79.8%+6.7%+43.2%+39.5%+44.2%−23.6%+14.8%———
MTRX Matrix Service Company13 of 28−2.3%+22.4%+57.2%−17.3%−31.8%−51.8%+27.5%+0.8%−21.6%+10.5%−8.0%−8.6%+112%+21.8%−22.5%+14.4%+38.9%−64.8%+35.5%+63.6%+22.1%−55.5%+285%+40.6%+12.8%+30.3%−4.2%−48.1%
APG APi Group Corporation1 of 5+59.6%+4.0%+84.0%−27.0%+42.0%———————————————————————
CARR Carrier Global Corporation0 of 5−21.8%+20.3%+41.5%−22.7%+45.3%———————————————————————
MYRG MYR Group Inc.8 of 17+46.9%+2.9%+57.1%−16.7%+83.9%+84.4%+15.7%−21.2%−5.2%+82.8%−24.8%+9.3%+12.7%+16.3%−8.9%+16.2%+80.7%———————————
PRIM Primoris Services Corporation8 of 19+63.1%+131%+52.6%−7.5%−12.4%+25.8%+17.7%−29.0%+20.5%+4.5%−4.3%−24.9%+108%+1.6%+58.1%+21.4%+56.7%−30.8%+3.8%—————————
ACM Aecom5 of 18−9.9%+16.7%+9.8%+10.7%+55.4%+15.4%+62.7%−28.6%+2.2%+21.1%−1.1%+3.2%+23.7%+15.7%−26.5%+1.7%−10.5%+7.6%——————————
ROAD Construction Partners, Inc.2 of 7+22.7%+103%+63.1%−9.3%+1.0%+72.6%+91.0%—————————————————————
IESC IES Holdings, Inc.12 of 27+93.6%+154%+123%−29.7%+10.0%+79.4%+64.9%−9.8%−9.8%+72.7%+44.6%+41.9%+20.0%+143%−47.4%−39.9%−33.1%−53.4%+5.6%+89.4%−88.6%−47.7%+140%−24.8%−13.8%−41.0%−54.8%—
LMB Limbach Holdings, Inc.3 of 11−9.0%+88.1%+337%+15.7%−27.0%+226%+2.7%−73.4%−1.9%+43.1%+2.7%—————————————————
DY Dycom Industries, Inc.11 of 28+94.1%+51.2%+23.0%−0.2%+24.1%+60.2%−12.8%−51.5%+38.8%+14.8%+99.4%+26.3%+40.4%−5.3%+41.8%+83.7%−2.3%−69.2%+26.2%−4.0%−27.9%+13.8%+102%−20.7%−53.5%+22.3%+15.7%+165%
ORN Orion Group Holdings, Inc.6 of 18+35.6%+48.4%+108%−36.9%−24.0%−4.4%+21.0%−45.2%−21.3%+139%−62.3%−8.2%+64.6%+9.9%−42.7%−44.9%+118%−35.6%——————————
MTZ MasTec, Inc.10 of 28+59.7%+79.8%−11.3%−7.5%+35.4%+6.3%+58.2%−17.1%+28.0%+120%−23.1%−30.9%+31.3%+43.5%+19.1%+16.7%+7.9%+13.9%−11.9%+10.2%+3.6%−31.7%+402%−57.6%−65.3%−32.6%+112%−8.2%
VRT Vertiv Holdings Co3 of 7+42.8%+137%+252%−45.3%+33.8%+69.4%+12.5%—————————————————————
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Risk and diversification

How FIX 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 FIX's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents FIX's five deepest drawdowns since it began trading in 1997, 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 FIX fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringFIX fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−93.3%−19.5%Jul 1998Apr 20034.8 yearsMay 201512.1 years
Late-2018 sell-off−49.7%+0.4%Nov 2018Apr 202017 monthsJan 20219 months
No named crash−46.1%−16.4%Jan 2025Apr 20253 monthsJul 20253 months
No named crash−38.1%+2.9%Jun 2026Oct 20264 monthsNot yet—
No named crash−28.1%−0.2%Sep 1997Nov 19972 monthsMar 19984 months

How did FIX do in stock market crashes?

This section measures how far FIX, 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 FIX.

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
FIX This pageComfort Systems USA, Inc.—−7.8%−23.9%−38.8%−30.2%−6.3%−26.8%−33.3%−3.3%−57.0%−77.6%
SPY S&P 500State Street SPDR S&P 500 ETF8 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
STRL Sterling Infrastructure, Inc.3 of 10−8.9%−34.6%−49.3%−30.9%−8.2%−31.7%−26.1%0.0%−64.7%−45.6%
PWR Quanta Services, Inc.5 of 10−4.0%−21.7%−40.8%−22.1%−7.1%−35.4%−21.6%−1.7%−69.6%−97.1%
EME EMCOR Group, Inc.5 of 10−7.3%−25.8%−46.1%−24.2%−5.7%−17.7%−35.7%−3.0%−67.4%−31.7%
TT Trane Technologies plc5 of 10−3.3%−37.5%−39.2%−17.9%−8.0%−20.6%−34.2%−2.6%−77.5%−44.7%
ETN Eaton Corporation plc5 of 10−4.5%−26.3%−44.5%−26.0%−6.7%−22.3%−34.6%−1.4%−68.5%−31.6%
JCI Johnson Controls International plc5 of 10−6.9%−41.6%−44.2%−22.2%−8.2%−20.8%−19.8%−1.9%−66.2%−85.6%
TTEK Tetra Tech, Inc.6 of 10−3.6%−30.5%−31.8%−32.0%−10.4%−17.2%−24.1%−2.4%−49.8%−77.6%
J Jacobs Solutions Inc.4 of 10−4.9%−26.3%−39.3%−31.7%−7.3%−22.0%−26.6%−4.3%−74.1%−38.3%
KBR KBR, Inc.1 of 9−3.6%−23.6%−58.0%−35.8%−12.2%−39.9%−43.2%−4.0%−77.5%—
GVA Granite Construction Incorporated5 of 10−5.3%−35.5%−63.0%−30.3%−8.3%−17.7%−30.8%−2.8%−59.7%−49.6%
FLR Fluor Corporation2 of 9−8.1%−26.7%−76.7%−50.0%−6.4%−18.2%−32.6%−6.7%−70.0%—
MTRX Matrix Service Company2 of 10−13.3%−60.8%−50.6%−36.6%−19.1%−40.8%−46.5%−1.0%−83.2%−37.2%
APG APi Group Corporation0 of 2−8.6%−49.6%————————
CARR Carrier Global Corporation1 of 2−5.6%−35.8%————————
MYRG MYR Group Inc.4 of 8−2.4%−30.1%−46.3%−22.0%−3.5%−38.3%−38.4%−2.4%——
PRIM Primoris Services Corporation4 of 9−8.0%−41.0%−57.6%−28.4%−9.3%−21.6%−25.7%−3.4%−52.5%—
ACM Aecom3 of 9−6.1%−22.9%−54.1%−27.1%−9.2%−27.9%−36.5%−5.7%−58.6%—
ROAD Construction Partners, Inc.1 of 4−7.7%−35.5%−31.5%−35.3%——————
IESC IES Holdings, Inc.4 of 10−6.7%−52.8%−45.0%−23.4%−7.8%−16.3%−43.7%−4.5%−82.3%−66.8%
LMB Limbach Holdings, Inc.3 of 6−0.3%−44.0%−44.3%−67.2%−3.2%−1.5%————
DY Dycom Industries, Inc.2 of 10−7.2%−24.5%−70.3%−41.6%−8.1%−45.3%−30.8%−6.6%−88.7%−84.9%
ORN Orion Group Holdings, Inc.1 of 8−2.6%−45.3%−63.6%−47.0%−12.0%−55.8%−42.6%−5.7%——
MTZ MasTec, Inc.3 of 10−6.4%−34.5%−62.1%−25.5%−8.2%−38.5%−24.6%−6.6%−60.8%−96.0%
VRT Vertiv Holdings Co1 of 4−12.2%−65.7%−58.6%−3.4%——————
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How closely does FIX 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 FIX 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 FIX's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
FIX This pageComfort Systems USA, Inc.180%71%2.551.38
STRL Sterling Infrastructure, Inc.186%79%2.361.60
LMB Limbach Holdings, Inc.62%26%2.351.21
PWR Quanta Services, Inc.141%61%2.311.22
IESC IES Holdings, Inc.173%93%1.871.53
EME EMCOR Group, Inc.128%75%1.711.16
TT Trane Technologies plc115%69%1.661.10
MYRG MYR Group Inc.117%75%1.561.22
ETN Eaton Corporation plc114%80%1.431.16
TTEK Tetra Tech, Inc.94%76%1.240.88
JCI Johnson Controls International plc102%90%1.131.17
J Jacobs Solutions Inc.82%78%1.050.79
MTZ MasTec, Inc.143%143%1.001.57
PRIM Primoris Services Corporation118%136%0.861.33
KBR KBR, Inc.87%104%0.830.88
DY Dycom Industries, Inc.114%141%0.811.53
GVA Granite Construction Incorporated98%126%0.781.41
ACM Aecom82%111%0.741.24
ORN Orion Group Holdings, Inc.62%107%0.581.21
FLR Fluor Corporation101%194%0.522.03
MTRX Matrix Service Company73%187%0.391.35
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What diversifies FIX?

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 FIX's. Because such investments tend not to fall at the same time, pairing FIX 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 FIX lost money. The last two columns show a portfolio that is 80% FIX and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe201420112008200220001999199880/20 mix volatility80/20 mix annual return
FIX Comfort Systems USA, Inc. (this page)1.00+1,452%1.41−10.4%−17.0%−15.2%−9.4%−71.1%−58.7%−9.5%44.8%+88.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.31+119%1.48———————36.4%+73.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.35+225%1.34+8.1%−16.1%−20.8%————36.8%+76.2%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.46+103%1.06+23.8%——————37.2%+72.8%
HDV Dividend & IncomeiShares Core High Dividend ETF0.28+86.8%1.03+12.6%——————36.7%+72.1%
BUFD Multi-AssetFT Vest Laddered Deep Buffer ETF0.49+44.6%0.99———————36.5%+70.7%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.47+83.6%0.95+3.4%——————36.9%+72.3%
XLE EnergyState Street Energy Select Sector SPDR ETF0.16+178%0.94−8.7%+2.8%−39.0%−14.8%+24.4%+18.1%—37.0%+75.9%
GLD CommoditiesSPDR Gold Shares0.00+120%0.93−2.2%+9.6%+4.9%————36.0%+74.5%

Stocks

InvestmentCorrelation5Y returnSharpe201420112008200220001999199880/20 mix volatility80/20 mix annual return
FIX Comfort Systems USA, Inc. (this page)1.00+1,452%1.41−10.4%−17.0%−15.2%−9.4%−71.1%−58.7%−9.5%44.8%+88.3%
CAH Medical - DistributionCardinal Health, Inc.0.19+471%1.54+23.0%+8.1%−39.6%−8.3%+108%−36.8%+51.7%37.2%+79.6%
MCK Medical - DistributionMcKesson Corporation0.16+397%1.41+29.3%+11.8%−40.4%−27.2%+61.2%−71.3%+46.9%37.0%+78.9%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.14+660%1.39+0.4%——————37.3%+82.8%
PBR Oil & Gas IntegratedPetróleo Brasileiro S.A. - Petrobras0.02+721%1.32−45.1%−32.1%−55.6%−32.0%———36.7%+82.9%
HWM Aerospace & DefenseHowmet Aerospace Inc.0.49+544%1.31+50.9%−42.9%−67.4%−33.1%−15.9%+133%+7.0%39.6%+81.8%
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Common questions

What was FIX's worst drawdown?

FIX's deepest decline since it began trading in 1997 was 93.3%, from July 1998 to April 2003. It took about 12 years from the low to climb back to its old high.

What were FIX's best and worst years?

Over 28 full calendar years, FIX's best year was 2025, when it returned 121%. Its worst was 2000, with a return of -71.1%.

Is there a better investment than FIX?

Nothing in the whole market did better on both counts: none of the 3,641 stocks and funds worth at least $500 million earned more than FIX with less volatility over the past 5 years.

Is FIX more volatile than the S&P 500?

Yes. FIX's volatility over the past 5 years was 46.9%, 2.7 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, FIX's return lands within 46.9% 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 FIX's Sharpe ratio?

FIX's Sharpe ratio over the past 5 years was 1.41, against 0.78 for the S&P 500, so FIX earned more 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 FIX with the S&P 500?

Over the past 5 years, FIX'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 FIX instead: the lower it is, the more that option would diversify a FIX holding.

What are the best alternatives to FIX?

None of the 24 popular alternatives we compared outperformed FIX in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about FIX's strength than about its alternatives.

Did FIX outperform the S&P 500?

FIX finished ahead of the S&P 500 (SPY) in 17 of 28 full calendar years. In 2025, it returned +121%, against +17.7% for the index.

How did FIX do in stock market crashes?

FIX fell less than the S&P 500 (SPY) in one of the ten major crashes it has traded through, and further in eight. The clearest case was the dot-com bust, when FIX fell 77.6% and the S&P 500 fell 47.5%.

What diversifies FIX?

These had a low correlation with FIX over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.31), DXJ (correlation 0.35) and EMLP (correlation 0.46); among large stocks, CAH (correlation 0.19), MCK (correlation 0.16) and MPC (correlation 0.14). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to FIX

Other stocks and ETFs