AWI vs. HWM
AWI (Armstrong World Industries, Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — AWI in Building Products & Equipment, HWM in Aerospace & Defense. Over the past 10 years, AWI returned 15.98%/yr vs 33.65%/yr for HWM. At a 0.43 correlation, their price movements are largely independent.
Performance
AWI vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, AWI achieves a -17.59% return, which is significantly lower than HWM's 36.89% return. Over the past 10 years, AWI has underperformed HWM with an annualized return of 15.98%, while HWM has yielded a comparatively higher 33.65% annualized return.
AWI
- 1D
- -0.66%
- 1M
- -0.37%
- YTD
- -17.59%
- 6M
- -16.78%
- 1Y
- 3.84%
- 3Y*
- 31.76%
- 5Y*
- 9.28%
- 10Y*
- 15.98%
HWM
- 1D
- 0.97%
- 1M
- 9.28%
- YTD
- 36.89%
- 6M
- 34.81%
- 1Y
- 62.11%
- 3Y*
- 82.73%
- 5Y*
- 53.11%
- 10Y*
- 33.65%
AWI vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | -17.59% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
HWM Howmet Aerospace Inc. | 36.89% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between AWI and HWM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2006 | 0.43 |
The correlation between AWI and HWM has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
Fundamentals
AWI:
$6.78B
HWM:
$112.99B
AWI:
$7.04
HWM:
$4.31
AWI:
22.28
HWM:
65.07
AWI:
1.34
HWM:
1.10
AWI:
4.14
HWM:
13.16
AWI:
7.59
HWM:
20.46
AWI:
$1.65B
HWM:
$8.62B
AWI:
$664.10M
HWM:
$2.81B
AWI:
$578.40M
HWM:
$2.66B
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Return for Risk
AWI vs. HWM — Risk / Return Rank
AWI
HWM
AWI vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Armstrong World Industries, Inc. (AWI) 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.
| AWI | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.93 | -3.77 |
| Martin ratioReturn relative to average drawdown | 0.33 | 11.10 | -10.77 |
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Drawdowns
AWI vs. HWM - Drawdown Comparison
The maximum AWI drawdown since its inception was -80.98%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for AWI and HWM.
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Drawdown Indicators
| AWI | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.98% | -88.30% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.91% | -15.89% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.91% | -19.41% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -21.22% | -24.84% |
Max Drawdown (10Y)Largest decline over 10 years | -46.44% | -64.81% | +18.37% |
Current DrawdownCurrent decline from peak | -22.56% | -1.01% | -21.55% |
Average DrawdownAverage peak-to-trough decline | -18.26% | -31.00% | +12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.55% | 5.61% | +5.94% |
Volatility
AWI vs. HWM - Volatility Comparison
The current volatility for Armstrong World Industries, Inc. (AWI) is 7.47%, while Howmet Aerospace Inc. (HWM) has a volatility of 10.24%. This indicates that AWI experiences smaller price fluctuations and is considered to be less risky than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWI | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 10.24% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 25.16% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.02% | 31.74% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.24% | 32.21% | -5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 39.83% | -9.85% |
Dividends
AWI vs. HWM - Dividend Comparison
AWI's dividend yield for the trailing twelve months is around 0.84%, more than HWM's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.84% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% | 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
AWI vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Armstrong World Industries, 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
AWI vs. HWM - Profitability Comparison
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
AWI and HWM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWM has higher volatility (10.24%) compared to AWI (7.47%). In terms of maximum drawdown, AWI dropped -80.98% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.97 vs 0.15), 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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