BAH vs. HLI
BAH (Booz Allen Hamilton Holding Corporation) and HLI (Houlihan Lokey, Inc.) are both stocks. BAH operates in Consulting Services (Industrials), while HLI operates in Capital Markets (Financial Services). Over the past 10 years, BAH returned 12.25%/yr vs 21.70%/yr for HLI. At a 0.29 correlation, their price movements are largely independent.
Performance
BAH vs. HLI - Performance Comparison
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Returns By Period
In the year-to-date period, BAH achieves a -6.24% return, which is significantly higher than HLI's -19.84% return. Over the past 10 years, BAH has underperformed HLI with an annualized return of 12.25%, while HLI has yielded a comparatively higher 21.70% annualized return.
BAH
- 1D
- -2.28%
- 1M
- 0.85%
- YTD
- -6.24%
- 6M
- -4.11%
- 1Y
- -23.32%
- 3Y*
- -7.18%
- 5Y*
- 0.11%
- 10Y*
- 12.25%
HLI
- 1D
- -0.72%
- 1M
- -7.53%
- YTD
- -19.84%
- 6M
- -20.99%
- 1Y
- -19.87%
- 3Y*
- 17.08%
- 5Y*
- 15.00%
- 10Y*
- 21.70%
BAH vs. HLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAH Booz Allen Hamilton Holding Corporation | -6.24% | -33.02% | 2.00% | 24.47% | 25.71% | -1.04% | 24.46% | 60.16% | 20.21% | 7.77% |
HLI Houlihan Lokey, Inc. | -19.84% | 1.64% | 47.04% | 40.67% | -13.88% | 57.04% | 40.61% | 36.33% | -17.20% | 49.30% |
Correlation
The correlation between BAH and HLI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.29 |
The correlation between BAH and HLI shifts across timeframes, from 0.19 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BAH:
$9.48B
HLI:
$9.42B
BAH:
$6.91
HLI:
$6.22
BAH:
11.37
HLI:
22.27
BAH:
0.33
HLI:
6.89
BAH:
0.86
HLI:
3.62
BAH:
8.58
HLI:
4.02
BAH:
$11.22B
HLI:
$2.62B
BAH:
$4.99B
HLI:
$1.37B
BAH:
$1.11B
HLI:
$636.63M
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Return for Risk
BAH vs. HLI — Risk / Return Rank
BAH
HLI
BAH vs. HLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booz Allen Hamilton Holding Corporation (BAH) and Houlihan Lokey, Inc. (HLI). 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.
| BAH | HLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.88 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.60 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.16 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAH | HLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.78 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.54 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.81 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.77 | -0.20 |
Drawdowns
BAH vs. HLI - Drawdown Comparison
The maximum BAH drawdown since its inception was -60.24%, which is greater than HLI's maximum drawdown of -36.57%. Use the drawdown chart below to compare losses from any high point for BAH and HLI.
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Drawdown Indicators
| BAH | HLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.24% | -36.57% | -23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -37.07% | -33.13% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -60.24% | -33.13% | -27.11% |
Max Drawdown (5Y)Largest decline over 5 years | -60.24% | -36.57% | -23.67% |
Max Drawdown (10Y)Largest decline over 10 years | -60.24% | -36.57% | -23.67% |
Current DrawdownCurrent decline from peak | -56.40% | -33.02% | -23.38% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -9.53% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.20% | 17.21% | +4.99% |
Volatility
BAH vs. HLI - Volatility Comparison
Booz Allen Hamilton Holding Corporation (BAH) has a higher volatility of 12.40% compared to Houlihan Lokey, Inc. (HLI) at 8.07%. This indicates that BAH's price experiences larger fluctuations and is considered to be riskier than HLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAH | HLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.40% | 8.07% | +4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 31.84% | 18.78% | +13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.82% | 25.57% | +12.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.00% | 27.90% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.65% | 26.85% | +1.80% |
Dividends
BAH vs. HLI - Dividend Comparison
BAH's dividend yield for the trailing twelve months is around 2.85%, more than HLI's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAH Booz Allen Hamilton Holding Corporation | 2.85% | 2.61% | 1.59% | 1.47% | 1.65% | 1.75% | 1.42% | 1.35% | 1.69% | 1.78% | 1.66% | 1.69% |
HLI Houlihan Lokey, Inc. | 1.81% | 1.36% | 1.30% | 1.82% | 2.32% | 1.56% | 1.90% | 2.46% | 2.74% | 1.76% | 2.12% | 0.57% |
Financials
BAH vs. HLI - Financials Comparison
This section allows you to compare key financial metrics between Booz Allen Hamilton Holding Corporation and Houlihan Lokey, 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
BAH vs. HLI - Profitability Comparison
BAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Booz Allen Hamilton Holding Corporation reported a gross profit of 581.00M and revenue of 2.78B. Therefore, the gross margin over that period was 20.9%.
HLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a gross profit of 201.88M and revenue of 635.64M. Therefore, the gross margin over that period was 31.8%.
BAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Booz Allen Hamilton Holding Corporation reported an operating income of 263.00M and revenue of 2.78B, resulting in an operating margin of 9.5%.
HLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported an operating income of 125.15M and revenue of 635.64M, resulting in an operating margin of 19.7%.
BAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Booz Allen Hamilton Holding Corporation reported a net income of 205.00M and revenue of 2.78B, resulting in a net margin of 7.4%.
HLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a net income of 99.84M and revenue of 635.64M, resulting in a net margin of 15.7%.
Frequently Asked Questions
BAH and HLI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAH has higher volatility (12.40%) compared to HLI (8.07%). In terms of maximum drawdown, BAH dropped -60.24% vs HLI's -36.57%.
BAH currently has the higher Sharpe Ratio (-0.62 vs -0.78), 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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