CLS vs. HBM
CLS (Celestica Inc.) and HBM (Hudbay Minerals Inc.) are both stocks. CLS operates in Electronic Components (Technology), while HBM operates in Copper (Basic Materials). Over the past 10 years, CLS returned 43.71%/yr vs 19.31%/yr for HBM. At a 0.36 correlation, their price movements are largely independent.
Performance
CLS vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, CLS achieves a 32.99% return, which is significantly lower than HBM's 40.23% return. Over the past 10 years, CLS has outperformed HBM with an annualized return of 43.71%, while HBM has yielded a comparatively lower 19.31% annualized return.
CLS
- 1D
- 1.88%
- 1M
- 5.52%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 200.71%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
HBM
- 1D
- 4.43%
- 1M
- 0.32%
- YTD
- 40.23%
- 6M
- 49.02%
- 1Y
- 189.83%
- 3Y*
- 78.89%
- 5Y*
- 31.42%
- 10Y*
- 19.31%
CLS vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
HBM Hudbay Minerals Inc. | 40.23% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between CLS and HBM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.36 |
Fundamentals
CLS:
$45.48B
HBM:
$11.09B
CLS:
$8.28
HBM:
$1.65
CLS:
47.45
HBM:
16.83
CLS:
0.64
HBM:
0.12
CLS:
3.30
HBM:
4.68
CLS:
21.68
HBM:
3.13
CLS:
$13.81B
HBM:
$2.37B
CLS:
$1.60B
HBM:
$828.54M
CLS:
$1.32B
HBM:
$1.54B
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Return for Risk
CLS vs. HBM — Risk / Return Rank
CLS
HBM
CLS vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) and Hudbay Minerals Inc. (HBM). 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.
| CLS | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 5.28 | +1.63 |
| Martin ratioReturn relative to average drawdown | 16.83 | 16.41 | +0.42 |
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Drawdowns
CLS vs. HBM - Drawdown Comparison
The maximum CLS drawdown since its inception was -96.93%, which is greater than HBM's maximum drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for CLS and HBM.
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Drawdown Indicators
| CLS | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.93% | -92.21% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -36.16% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -53.96% | -41.11% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | -63.33% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -86.34% | +5.74% |
Current DrawdownCurrent decline from peak | -16.78% | -12.68% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -73.31% | -52.45% | -20.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.98% | 11.62% | +0.36% |
Volatility
CLS vs. HBM - Volatility Comparison
Celestica Inc. (CLS) has a higher volatility of 27.54% compared to Hudbay Minerals Inc. (HBM) at 25.87%. This indicates that CLS's price experiences larger fluctuations and is considered to be riskier than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLS | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.54% | 25.87% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 55.42% | 47.72% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 59.13% | +13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.70% | 55.51% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.97% | 58.82% | -8.85% |
Dividends
CLS vs. HBM - Dividend Comparison
CLS has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLS Celestica Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HBM Hudbay Minerals Inc. | 0.08% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
CLS vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between Celestica Inc. and Hudbay Minerals 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
CLS vs. HBM - Profitability Comparison
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
CLS and HBM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to HBM (25.87%). In terms of maximum drawdown, CLS dropped -96.93% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (3.23 vs 2.78), 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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