ALC vs. HWM
ALC (Alcon Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. ALC operates in Medical Instruments & Supplies (Healthcare), while HWM operates in Aerospace & Defense (Industrials). Over the past 5 years, ALC returned -0.55%/yr vs 56.75%/yr for HWM. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
ALC vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, ALC achieves a -9.93% return, which is significantly lower than HWM's 39.81% return.
ALC
- 1D
- 1.84%
- 1M
- 0.79%
- 6M
- -10.58%
- YTD
- -9.93%
- 1Y
- -19.22%
- 3Y*
- -4.28%
- 5Y*
- -0.55%
- 10Y*
- —
- ALL TIME*
- 3.06%
HWM
- 1D
- 1.45%
- 1M
- 5.89%
- 6M
- 38.33%
- YTD
- 39.81%
- 1Y
- 55.75%
- 3Y*
- 80.52%
- 5Y*
- 56.75%
- 10Y*
- 32.39%
- ALL TIME*
- 7.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ALC Alcon Inc. | $154.37M | $158.00M | $154.94M |
| $604.30M | $547.36M | $750.41M |
ALC vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ALC Alcon Inc. | -9.93% | -6.50% | 9.02% | 14.32% | -21.09% | 32.23% | 16.63% | -2.38% |
HWM Howmet Aerospace Inc. | 39.81% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 52.24% |
Correlation
The correlation between ALC and HWM is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2019 | 0.29 |
The correlation between ALC and HWM shifts across timeframes, from 0.10 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ALC:
$34.24B
HWM:
$114.57B
ALC:
$1.65
HWM:
$4.32
ALC:
42.44
HWM:
66.33
ALC:
0.94
HWM:
1.12
ALC:
3.27
HWM:
13.42
ALC:
1.55
HWM:
20.90
ALC:
$10.58B
HWM:
$8.62B
ALC:
$5.81B
HWM:
$2.81B
ALC:
$2.12B
HWM:
$2.66B
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Return for Risk
ALC vs. HWM — Risk / Return Rank
ALC
HWM
ALC vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcon Inc. (ALC) 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.
| ALC | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 3.53 | -4.16 |
| Martin ratioReturn relative to average drawdown | -1.14 | 10.97 | -12.10 |
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Drawdowns
ALC vs. HWM - Drawdown Comparison
The maximum ALC drawdown since its inception was -37.33%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for ALC and HWM.
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Drawdown Indicators
| ALC | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.33% | -88.30% | +50.97% |
Max Drawdown (1Y)Largest decline over 1 year | -30.42% | -15.89% | -14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -37.33% | -19.41% | -17.92% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -20.14% | -17.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.81% | — |
Current DrawdownCurrent decline from peak | -29.05% | -1.01% | -28.04% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -30.95% | +18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 5.18% | +11.75% |
Volatility
ALC vs. HWM - Volatility Comparison
Alcon Inc. (ALC) and Howmet Aerospace Inc. (HWM) have volatilities of 8.46% and 8.43%, 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.
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Volatility by Period
| ALC | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 8.43% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 22.53% | 24.97% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.34% | 30.73% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.30% | 32.13% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.89% | 39.68% | -11.79% |
Dividends
ALC vs. HWM - Dividend Comparison
ALC's dividend yield for the trailing twelve months is around 1.15%, more than HWM's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALC Alcon Inc. | 1.15% | 0.84% | 0.31% | 0.30% | 0.30% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HWM Howmet Aerospace Inc. | 0.17% | 0.21% | 0.24% | 0.31% | 0.25% | 0.13% | 0.05% | 0.39% | 1.42% | 0.88% | 40.49% | 1.22% |
Financials
ALC vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Alcon Inc. and Howmet Aerospace Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALC vs. HWM - Profitability Comparison
ALC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alcon Inc. reported a gross profit of 1.50B and revenue of 2.65B. Therefore, the gross margin over that period was 56.4%.
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.
ALC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alcon Inc. reported an operating income of 410.86M and revenue of 2.65B, resulting in an operating margin of 15.5%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
ALC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alcon Inc. reported a net income of 185.33M and revenue of 2.65B, resulting in a net margin of 7.0%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.
Frequently Asked Questions
ALC and HWM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALC has higher volatility (8.46%) compared to HWM (8.43%). In terms of maximum drawdown, ALC dropped -37.33% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.83 vs -0.66), 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.
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