CENX vs. HL
CENX (Century Aluminum Company) and HL (Hecla Mining Company) are both stocks. Both are in the Basic Materials sector — CENX in Aluminum, HL in Other Precious Metals & Mining. Over the past 10 years, CENX returned 20.65%/yr vs 10.36%/yr for HL. At a 0.31 correlation, their price movements are largely independent.
Performance
CENX vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, CENX achieves a 15.57% return, which is significantly higher than HL's -18.88% return. Over the past 10 years, CENX has outperformed HL with an annualized return of 20.65%, while HL has yielded a comparatively lower 10.36% annualized return.
CENX
- 1D
- -3.00%
- 1M
- -24.68%
- 6M
- 7.22%
- YTD
- 15.57%
- 1Y
- 146.49%
- 3Y*
- 72.31%
- 5Y*
- 30.90%
- 10Y*
- 20.65%
HL
- 1D
- -5.47%
- 1M
- 5.28%
- 6M
- -30.10%
- YTD
- -18.88%
- 1Y
- 152.89%
- 3Y*
- 45.56%
- 5Y*
- 18.19%
- 10Y*
- 10.36%
CENX vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CENX Century Aluminum Company | 15.57% | 115.04% | 50.08% | 48.41% | -50.60% | 50.14% | 46.77% | 2.80% | -62.78% | 129.44% |
HL Hecla Mining Company | -18.88% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
Correlation
The correlation between CENX and HL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1996 | 0.31 |
The correlation between CENX and HL shifts across timeframes, from 0.31 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CENX:
$4.48B
HL:
$10.44B
CENX:
$3.48
HL:
$0.83
CENX:
13.03
HL:
18.74
CENX:
0.04
HL:
0.08
CENX:
1.79
HL:
6.66
CENX:
4.12
HL:
4.09
CENX:
$2.54B
HL:
$1.57B
CENX:
$322.30M
HL:
$788.95M
CENX:
$466.30M
HL:
$864.40M
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Return for Risk
CENX vs. HL — Risk / Return Rank
CENX
HL
CENX vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Century Aluminum Company (CENX) 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.
| CENX | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.76 | +1.18 |
| Martin ratioReturn relative to average drawdown | 13.32 | 5.57 | +7.75 |
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Drawdowns
CENX vs. HL - Drawdown Comparison
The maximum CENX drawdown since its inception was -98.67%, roughly equal to the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for CENX and HL.
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Drawdown Indicators
| CENX | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.67% | -97.92% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -37.43% | -55.81% | +18.38% |
Max Drawdown (3Y)Largest decline over 3 years | -42.77% | -55.81% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -82.10% | -55.81% | -26.29% |
Max Drawdown (10Y)Largest decline over 10 years | -87.51% | -82.45% | -5.06% |
Current DrawdownCurrent decline from peak | -43.39% | -51.06% | +7.67% |
Average DrawdownAverage peak-to-trough decline | -61.07% | -69.90% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.04% | 27.56% | -16.52% |
Volatility
CENX vs. HL - Volatility Comparison
Century Aluminum Company (CENX) and Hecla Mining Company (HL) have volatilities of 21.52% and 21.69%, 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.
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Volatility by Period
| CENX | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.52% | 21.69% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 48.27% | 54.80% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.83% | 73.78% | -8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.26% | 59.47% | +12.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 62.82% | +7.75% |
Dividends
CENX vs. HL - Dividend Comparison
CENX has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CENX Century Aluminum Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
CENX vs. HL - Financials Comparison
This section allows you to compare key financial metrics between Century Aluminum Company 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
CENX vs. HL - Profitability Comparison
CENX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Century Aluminum Company reported a gross profit of 118.80M and revenue of 649.20M. Therefore, the gross margin over that period was 18.3%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
CENX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Century Aluminum Company reported an operating income of 374.00M and revenue of 649.20M, resulting in an operating margin of 57.6%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
CENX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Century Aluminum Company reported a net income of 337.50M and revenue of 649.20M, resulting in a net margin of 52.0%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
CENX and HL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (21.69%) compared to CENX (21.52%). In terms of maximum drawdown, CENX dropped -98.67% vs HL's -97.92%.
CENX currently has the higher Sharpe Ratio (2.28 vs 2.09), 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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