AEVA vs. HWM

Last updated Jun 13, 2026

AEVA (Aeva Technologies, Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. AEVA operates in Auto Parts (Consumer Cyclical), while HWM operates in Aerospace & Defense (Industrials). Over the past 5 years, AEVA returned -14.89%/yr vs 50.00%/yr for HWM. At a 0.24 correlation, their price movements are largely independent.

Performance

AEVA vs. HWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aeva Technologies, Inc. (AEVA) and Howmet Aerospace Inc. (HWM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEVA achieves a 87.42% return, which is significantly higher than HWM's 29.23% return.

AEVA

• 1D: 5.87%
• 1M: 22.85%
• YTD: 87.42%
• 6M: 55.47%
• 1Y: 5.15%
• 3Y*: 50.17%
• 5Y*: -14.89%
• 10Y*: —

HWM

• 1D: 0.03%
• 1M: -3.09%
• YTD: 29.23%
• 6M: 33.60%
• 1Y: 54.66%
• 3Y*: 79.69%
• 5Y*: 50.00%
• 10Y*: 33.28%

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

AEVA vs. HWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AEVA Aeva Technologies, Inc.	87.42%	179.58%	25.38%	-44.29%	-82.01%	-48.01%	51.46%
HWM Howmet Aerospace Inc.	29.23%	87.95%	102.71%	37.84%	24.16%	11.67%	16.85%

Correlation

The correlation between AEVA and HWM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.24

Fundamentals

Market Cap AEVA : $1.56B HWM : $106.66B
EPS AEVA : -$2.52 HWM : $4.31
PS Ratio AEVA : 68.46 HWM : 12.42
Total Revenue (TTM) AEVA : $20.97M HWM : $8.62B
Gross Profit (TTM) AEVA : $971.00K HWM : $2.81B
EBITDA (TTM) AEVA : $21.17M HWM : $2.66B

Return for Risk

AEVA vs. HWM — Risk / Return Rank

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

AEVA

AEVA Risk / Return Rank: 48
AEVA Sharpe Ratio Rank: 44
AEVA Sortino Ratio Rank: 55
AEVA Omega Ratio Rank: 52
AEVA Calmar Ratio Rank: 44
AEVA Martin Ratio Rank: 43

HWM

HWM Risk / Return Rank: 85
HWM Sharpe Ratio Rank: 87
HWM Sortino Ratio Rank: 85
HWM Omega Ratio Rank: 81
HWM Calmar Ratio Rank: 87
HWM Martin Ratio Rank: 88

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.

AEVA vs. HWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aeva Technologies, Inc. (AEVA) and Howmet Aerospace Inc. (HWM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AEVA	HWM	Difference
Sharpe ratio: Return per unit of total volatility	0.05	1.75	-1.70
Sortino ratio: Return per unit of downside risk	0.93	2.51	-1.57
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.07	3.46	-3.39
Martin ratio: Return relative to average drawdown	0.09	9.77	-9.68

AEVA vs. HWM - Sharpe Ratio Comparison

The current AEVA Sharpe Ratio is 0.05, which is lower than the HWM Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of AEVA and HWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AEVA vs. HWM - Drawdown Comparison

The maximum AEVA drawdown since its inception was -97.71%, which is greater than HWM's maximum drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for AEVA and HWM.

Drawdown Indicators

	AEVA	HWM	Difference
Max Drawdown Largest peak-to-trough decline	-97.71%	-88.30%	-9.41%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	-15.89%	-59.79%
Max Drawdown (3Y) Largest decline over 3 years	-75.68%	-19.41%	-56.27%
Max Drawdown (5Y) Largest decline over 5 years	-96.02%	-21.61%	-74.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.81%	—
Current Drawdown Current decline from peak	-75.11%	-3.26%	-71.85%
Average Drawdown Average peak-to-trough decline	-70.65%	-31.00%	-39.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.11%	5.61%	+50.50%

Volatility

AEVA vs. HWM - Volatility Comparison

Aeva Technologies, Inc. (AEVA) has a higher volatility of 32.26% compared to Howmet Aerospace Inc. (HWM) at 11.03%. This indicates that AEVA's price experiences larger fluctuations and is considered to be riskier than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEVA	HWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.26%	11.03%	+21.23%
Volatility (6M) Calculated over the trailing 6-month period	78.67%	25.03%	+53.64%
Volatility (1Y) Calculated over the trailing 1-year period	114.70%	31.46%	+83.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.96%	32.20%	+64.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.27%	39.82%	+51.45%

Dividends

AEVA vs. HWM - Dividend Comparison

AEVA has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEVA Aeva Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HWM Howmet Aerospace Inc.	0.18%	0.21%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%	0.88%	40.49%	1.22%

Financials

Frequently Asked Questions

Can I hold both AEVA and HWM in my portfolio?

AEVA and HWM have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEVA or HWM?

AEVA has higher volatility (32.26%) compared to HWM (11.03%). In terms of maximum drawdown, AEVA dropped -97.71% vs HWM's -88.30%.

Which has better risk-adjusted returns?

HWM currently has the higher Sharpe Ratio (1.75 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.