BHE vs. ORN
BHE (Benchmark Electronics, Inc.) and ORN (Orion Group Holdings, Inc.) are both stocks. BHE operates in Electronic Components (Technology), while ORN operates in Engineering & Construction (Industrials). Over the past 10 years, BHE returned 17.54%/yr vs 11.32%/yr for ORN. At a 0.38 correlation, their price movements are largely independent.
Performance
BHE vs. ORN - Performance Comparison
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Returns By Period
In the year-to-date period, BHE achieves a 107.02% return, which is significantly higher than ORN's 39.94% return. Over the past 10 years, BHE has outperformed ORN with an annualized return of 17.54%, while ORN has yielded a comparatively lower 11.32% annualized return.
BHE
- 1D
- 0.11%
- 1M
- 6.35%
- YTD
- 107.02%
- 6M
- 91.03%
- 1Y
- 138.70%
- 3Y*
- 56.37%
- 5Y*
- 25.94%
- 10Y*
- 17.54%
ORN
- 1D
- -1.35%
- 1M
- -4.86%
- YTD
- 39.94%
- 6M
- 38.82%
- 1Y
- 62.88%
- 3Y*
- 75.12%
- 5Y*
- 18.83%
- 10Y*
- 11.32%
BHE vs. ORN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHE Benchmark Electronics, Inc. | 107.02% | -4.19% | 67.14% | 6.33% | 1.13% | 2.69% | -18.97% | 65.72% | -25.48% | -4.59% |
ORN Orion Group Holdings, Inc. | 39.94% | 35.61% | 48.38% | 107.56% | -36.87% | -23.99% | -4.43% | 20.98% | -45.21% | -21.31% |
Correlation
The correlation between BHE and ORN is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007 | 0.38 |
Over the past year, BHE and ORN have become more correlated (0.60) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
BHE:
$3.20B
ORN:
$558.25M
BHE:
$0.94
ORN:
$0.22
BHE:
93.39
ORN:
64.37
BHE:
15.37
ORN:
0.03
BHE:
1.18
ORN:
0.63
BHE:
1.53
ORN:
3.35
BHE:
$2.70B
ORN:
$879.91M
BHE:
$275.51M
ORN:
$108.48M
BHE:
$125.74M
ORN:
$37.98M
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Return for Risk
BHE vs. ORN — Risk / Return Rank
BHE
ORN
BHE vs. ORN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Benchmark Electronics, Inc. (BHE) and Orion Group Holdings, Inc. (ORN). 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.
| BHE | ORN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.22 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 10.86 | 2.00 | +8.85 |
| Martin ratioReturn relative to average drawdown | 28.10 | 4.24 | +23.86 |
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
| BHE | ORN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.72 | 1.10 | +2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.31 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.18 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.01 | +0.28 |
Drawdowns
BHE vs. ORN - Drawdown Comparison
The maximum BHE drawdown since its inception was -75.48%, smaller than the maximum ORN drawdown of -93.27%. Use the drawdown chart below to compare losses from any high point for BHE and ORN.
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Drawdown Indicators
| BHE | ORN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.48% | -93.27% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -31.56% | +18.71% |
Max Drawdown (3Y)Largest decline over 3 years | -36.73% | -57.62% | +20.89% |
Max Drawdown (5Y)Largest decline over 5 years | -36.73% | -63.55% | +26.82% |
Max Drawdown (10Y)Largest decline over 10 years | -60.34% | -85.38% | +25.04% |
Current DrawdownCurrent decline from peak | -0.87% | -41.85% | +40.98% |
Average DrawdownAverage peak-to-trough decline | -25.21% | -64.11% | +38.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 14.86% | -9.90% |
Volatility
BHE vs. ORN - Volatility Comparison
The current volatility for Benchmark Electronics, Inc. (BHE) is 11.73%, while Orion Group Holdings, Inc. (ORN) has a volatility of 12.81%. This indicates that BHE experiences smaller price fluctuations and is considered to be less risky than ORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHE | ORN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.73% | 12.81% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 28.82% | 38.39% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.62% | 57.58% | -19.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.23% | 62.02% | -26.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.57% | 61.87% | -25.30% |
Dividends
BHE vs. ORN - Dividend Comparison
BHE's dividend yield for the trailing twelve months is around 0.77%, while ORN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BHE Benchmark Electronics, Inc. | 0.77% | 1.59% | 1.48% | 2.39% | 2.47% | 2.42% | 2.37% | 1.75% | 2.83% |
ORN Orion Group Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BHE vs. ORN - Financials Comparison
This section allows you to compare key financial metrics between Benchmark Electronics, Inc. and Orion Group Holdings, 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
BHE vs. ORN - Profitability Comparison
BHE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Benchmark Electronics, Inc. reported a gross profit of 69.23M and revenue of 677.28M. Therefore, the gross margin over that period was 10.2%.
ORN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orion Group Holdings, Inc. reported a gross profit of 25.88M and revenue of 216.30M. Therefore, the gross margin over that period was 12.0%.
BHE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Benchmark Electronics, Inc. reported an operating income of 21.87M and revenue of 677.28M, resulting in an operating margin of 3.2%.
ORN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orion Group Holdings, Inc. reported an operating income of -795.00K and revenue of 216.30M, resulting in an operating margin of -0.4%.
BHE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Benchmark Electronics, Inc. reported a net income of 13.02M and revenue of 677.28M, resulting in a net margin of 1.9%.
ORN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orion Group Holdings, Inc. reported a net income of 4.69M and revenue of 216.30M, resulting in a net margin of 2.2%.
Frequently Asked Questions
BHE and ORN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORN has higher volatility (12.81%) compared to BHE (11.73%). In terms of maximum drawdown, BHE dropped -75.48% vs ORN's -93.27%.
BHE currently has the higher Sharpe Ratio (3.72 vs 1.10), 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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