BA.L vs. HL
BA.L (BAE Systems plc) and HL (Hecla Mining Company) are both stocks. BA.L operates in Aerospace & Defense (Industrials), while HL operates in Gold (Basic Materials). Over the past 10 years, BA.L returned 18.87%/yr vs 14.53%/yr for HL. At a 0.08 correlation, their price movements are largely independent.
Performance
BA.L vs. HL - Performance Comparison
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Different Trading Currencies
BA.L is traded in GBp, while HL is traded in USD. To make them comparable, the HL values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BA.L achieves a 12.71% return, which is significantly higher than HL's -19.88% return. Over the past 10 years, BA.L has outperformed HL with an annualized return of 18.87%, while HL has yielded a comparatively lower 14.53% annualized return.
BA.L
- 1D
- -1.62%
- 1M
- 3.27%
- YTD
- 12.71%
- 6M
- 13.60%
- 1Y
- 0.36%
- 3Y*
- 28.80%
- 5Y*
- 32.37%
- 10Y*
- 18.87%
HL
- 1D
- 2.09%
- 1M
- -21.39%
- YTD
- -19.88%
- 6M
- -18.88%
- 1Y
- 157.88%
- 3Y*
- 40.05%
- 5Y*
- 12.77%
- 10Y*
- 14.53%
BA.L vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 12.71% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
HL Hecla Mining Company | -19.88% | 263.79% | 4.62% | -17.28% | 19.71% | -18.21% | 86.20% | 38.93% | -36.83% | -30.65% |
Correlation
The correlation between BA.L and HL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | 0.08 |
Fundamentals
BA.L:
£57.97B
HL:
$10.32B
BA.L:
£1.33
HL:
$0.84
BA.L:
14.41
HL:
18.18
BA.L:
2.30
HL:
0.08
BA.L:
1.06
HL:
6.47
BA.L:
4.92
HL:
4.02
BA.L:
£54.65B
HL:
$1.57B
BA.L:
£4.75B
HL:
$788.95M
BA.L:
£7.55B
HL:
$864.40M
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Return for Risk
BA.L vs. HL — Risk / Return Rank
BA.L
HL
BA.L vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and Hecla Mining Company (HL). 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.
| BA.L | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.92 | -2.77 |
| Martin ratioReturn relative to average drawdown | 0.33 | 6.64 | -6.31 |
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Drawdowns
BA.L vs. HL - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, smaller than the maximum HL drawdown of -89.37%. Use the drawdown chart below to compare losses from any high point for BA.L and HL.
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Drawdown Indicators
| BA.L | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -89.37% | +45.70% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -54.92% | +33.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -54.92% | +33.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -56.92% | +35.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | -82.80% | +45.00% |
Current DrawdownCurrent decline from peak | -17.12% | -51.06% | +33.94% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -49.87% | +37.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 24.13% | -14.29% |
Volatility
BA.L vs. HL - Volatility Comparison
The current volatility for BAE Systems plc (BA.L) is 8.48%, while Hecla Mining Company (HL) has a volatility of 21.57%. This indicates that BA.L experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA.L | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 21.57% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 53.40% | -29.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 70.99% | -41.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 56.53% | -30.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 61.10% | -36.03% |
Dividends
BA.L vs. HL - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 1.90%, more than HL's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.90% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Financials
BA.L vs. HL - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems plc and Hecla Mining Company. 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
BA.L vs. HL - Profitability Comparison
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
Frequently Asked Questions
BA.L and HL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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