ARIS vs. HMY
ARIS (Aris Water Solutions, Inc.) and HMY (Harmony Gold Mining Company Limited) are both stocks. ARIS operates in Utilities - Regulated Water (Utilities), while HMY operates in Gold (Basic Materials). Over the past 3 years, ARIS returned 88.30%/yr vs 55.21%/yr for HMY. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
ARIS vs. HMY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARIS achieves a -2.09% return, which is significantly higher than HMY's -18.77% return.
ARIS
- 1D
- 5.23%
- 1M
- -19.38%
- YTD
- -2.09%
- 6M
- 1.15%
- 1Y
- 135.76%
- 3Y*
- 88.30%
- 5Y*
- —
- 10Y*
- —
HMY
- 1D
- 4.27%
- 1M
- -9.63%
- YTD
- -18.77%
- 6M
- -20.76%
- 1Y
- 8.74%
- 3Y*
- 55.21%
- 5Y*
- 29.67%
- 10Y*
- 17.69%
ARIS vs. HMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | -2.09% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
HMY Harmony Gold Mining Company Limited | -18.77% | 145.47% | 35.39% | 82.51% | -16.42% | 5.38% |
Correlation
The correlation between ARIS and HMY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.56 |
The correlation between ARIS and HMY has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
Fundamentals
ARIS:
$3.32B
HMY:
$9.49B
ARIS:
$0.87
HMY:
ZAR 41.64
ARIS:
18.19
HMY:
0.36
ARIS:
0.36
HMY:
0.00
ARIS:
2.76
HMY:
0.06
ARIS:
2.11
HMY:
0.18
ARIS:
$1.14B
HMY:
ZAR 150.28B
ARIS:
$612.94M
HMY:
ZAR 57.55B
ARIS:
$432.53M
HMY:
ZAR 55.56B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARIS vs. HMY — Risk / Return Rank
ARIS
HMY
ARIS vs. HMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aris Water Solutions, Inc. (ARIS) and Harmony Gold Mining Company Limited (HMY). 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.
| ARIS | HMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.08 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 0.18 | +4.69 |
| Martin ratioReturn relative to average drawdown | 16.85 | 0.40 | +16.45 |
Loading charts...
Drawdowns
ARIS vs. HMY - Drawdown Comparison
The maximum ARIS drawdown since its inception was -57.98%, smaller than the maximum HMY drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for ARIS and HMY.
Loading charts...
Drawdown Indicators
| ARIS | HMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -97.04% | +39.06% |
Max Drawdown (1Y)Largest decline over 1 year | -34.32% | -48.85% | +14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -48.85% | +14.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.05% | — |
Current DrawdownCurrent decline from peak | -26.61% | -37.92% | +11.31% |
Average DrawdownAverage peak-to-trough decline | -22.67% | -52.74% | +30.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 21.98% | -12.63% |
Volatility
ARIS vs. HMY - Volatility Comparison
Aris Water Solutions, Inc. (ARIS) and Harmony Gold Mining Company Limited (HMY) have volatilities of 21.05% and 21.33%, 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.
Loading charts...
Volatility by Period
| ARIS | HMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.05% | 21.33% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 46.30% | 48.63% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.35% | 64.67% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.11% | 58.53% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.11% | 61.20% | -8.09% |
Dividends
ARIS vs. HMY - Dividend Comparison
ARIS has not paid dividends to shareholders, while HMY's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
Financials
ARIS vs. HMY - Financials Comparison
This section allows you to compare key financial metrics between Aris Water Solutions, Inc. and Harmony Gold Mining Company Limited. 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
ARIS vs. HMY - Profitability Comparison
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
Frequently Asked Questions
ARIS and HMY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMY has higher volatility (21.33%) compared to ARIS (21.05%). In terms of maximum drawdown, ARIS dropped -57.98% vs HMY's -97.04%.
ARIS currently has the higher Sharpe Ratio (2.87 vs 0.14), 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.
Find the right allocation for ARIS and HMY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer