AAF.L vs. HYMC

Last updated Jun 4, 2026

AAF.L (Airtel Africa plc) and HYMC (Hycroft Mining Holding Corporation) are both stocks. AAF.L operates in Telecom Services (Communication Services), while HYMC operates in Gold (Basic Materials). Over the past 5 years, AAF.L returned 37.21%/yr vs -2.20%/yr for HYMC. At a 0.07 correlation, their price movements are largely independent.

Performance

AAF.L vs. HYMC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Airtel Africa plc (AAF.L) and Hycroft Mining Holding Corporation (HYMC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AAF.L is traded in GBp, while HYMC is traded in USD. To make them comparable, the HYMC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AAF.L achieves a -5.41% return, which is significantly lower than HYMC's 35.76% return.

AAF.L

• 1D: 0.42%
• 1M: -4.87%
• YTD: -5.41%
• 6M: 5.46%
• 1Y: 86.51%
• 3Y*: 43.84%
• 5Y*: 37.21%
• 10Y*: —

HYMC

• 1D: -4.69%
• 1M: -10.19%
• YTD: 35.76%
• 6M: 179.55%
• 1Y: 777.36%
• 3Y*: 106.88%
• 5Y*: -2.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAF.L vs. HYMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AAF.L Airtel Africa plc	-5.41%	218.32%	-9.69%	20.11%	-14.00%	81.14%	-1.32%	21.03%
HYMC Hycroft Mining Holding Corporation	35.76%	898.94%	-8.22%	-56.26%	-2.99%	-92.11%	-26.26%	-2.86%

Correlation

The correlation between AAF.L and HYMC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.07

Fundamentals

Market Cap AAF.L : £12.25B HYMC : $2.89B
EPS AAF.L : £0.18 HYMC : -$1.64
PB Ratio AAF.L : 3.89 HYMC : 12.89
Total Revenue (TTM) AAF.L : £6.37B HYMC : $0.00
Gross Profit (TTM) AAF.L : £3.93B HYMC : -$4.65M
EBITDA (TTM) AAF.L : £2.98B HYMC : -$69.17M

Return for Risk

AAF.L vs. HYMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAF.L

AAF.L Risk / Return Rank: 87
AAF.L Sharpe Ratio Rank: 88
AAF.L Sortino Ratio Rank: 86
AAF.L Omega Ratio Rank: 88
AAF.L Calmar Ratio Rank: 84
AAF.L Martin Ratio Rank: 91

HYMC

HYMC Risk / Return Rank: 97
HYMC Sharpe Ratio Rank: 99
HYMC Sortino Ratio Rank: 96
HYMC Omega Ratio Rank: 94
HYMC Calmar Ratio Rank: 99
HYMC Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAF.L vs. HYMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airtel Africa plc (AAF.L) and Hycroft Mining Holding Corporation (HYMC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAF.L	HYMC	Difference
Sharpe ratio: Return per unit of total volatility	2.06	6.69	-4.62
Sortino ratio: Return per unit of downside risk	2.77	4.42	-1.64
Omega ratio: Gain probability vs. loss probability	1.40	1.55	-0.15
Calmar ratio: Return relative to maximum drawdown	3.37	17.09	-13.72
Martin ratio: Return relative to average drawdown	12.92	36.21	-23.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAF.L vs. HYMC - Sharpe Ratio Comparison

The current AAF.L Sharpe Ratio is 2.06, which is lower than the HYMC Sharpe Ratio of 6.69. The chart below compares the historical Sharpe Ratios of AAF.L and HYMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAF.L	HYMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	6.69	-4.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	-0.01	+1.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	-0.10	+0.74

Drawdowns

AAF.L vs. HYMC - Drawdown Comparison

The maximum AAF.L drawdown since its inception was -65.78%, smaller than the maximum HYMC drawdown of -98.83%. Use the drawdown chart below to compare losses from any high point for AAF.L and HYMC.

Drawdown Indicators

	AAF.L	HYMC	Difference
Max Drawdown Largest peak-to-trough decline	-65.78%	-98.83%	+33.05%
Max Drawdown (1Y) Largest decline over 1 year	-25.56%	-45.93%	+20.37%
Max Drawdown (3Y) Largest decline over 3 years	-31.08%	-62.15%	+31.07%
Max Drawdown (5Y) Largest decline over 5 years	-44.52%	-94.77%	+50.25%
Current Drawdown Current decline from peak	-20.04%	-80.11%	+60.07%
Average Drawdown Average peak-to-trough decline	-18.26%	-64.03%	+45.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	21.64%	-15.00%

Volatility

AAF.L vs. HYMC - Volatility Comparison

Airtel Africa plc (AAF.L) and Hycroft Mining Holding Corporation (HYMC) have volatilities of 26.01% and 25.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAF.L	HYMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.01%	25.32%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	33.44%	91.87%	-58.43%
Volatility (1Y) Calculated over the trailing 1-year period	41.79%	117.47%	-75.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.44%	151.87%	-116.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.24%	122.67%	-76.43%

Dividends

AAF.L vs. HYMC - Dividend Comparison

AAF.L's dividend yield for the trailing twelve months is around 1.13%, while HYMC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AAF.L Airtel Africa plc	1.13%	1.07%	3.31%	2.76%	3.21%	1.80%	3.71%	2.26%
HYMC Hycroft Mining Holding Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AAF.L and HYMC in my portfolio?

AAF.L and HYMC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.