DCO vs. HWM
DCO (Ducommun Incorporated) and HWM (Howmet Aerospace Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, DCO returned 23.78%/yr vs 33.40%/yr for HWM. At a 0.22 correlation, their price movements are largely independent.
Performance
DCO vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, DCO achieves a 70.57% return, which is significantly higher than HWM's 34.33% return. Over the past 10 years, DCO has underperformed HWM with an annualized return of 23.78%, while HWM has yielded a comparatively higher 33.40% annualized return.
DCO
- 1D
- -1.60%
- 1M
- 12.39%
- YTD
- 70.57%
- 6M
- 65.79%
- 1Y
- 99.51%
- 3Y*
- 54.68%
- 5Y*
- 24.27%
- 10Y*
- 23.78%
HWM
- 1D
- -1.87%
- 1M
- 7.24%
- YTD
- 34.33%
- 6M
- 31.42%
- 1Y
- 57.01%
- 3Y*
- 81.58%
- 5Y*
- 51.85%
- 10Y*
- 33.40%
DCO vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCO Ducommun Incorporated | 70.57% | 49.43% | 22.28% | 4.20% | 6.82% | -12.91% | 6.27% | 39.12% | 27.66% | 11.31% |
HWM Howmet Aerospace Inc. | 34.33% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between DCO and HWM is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 3, 1973 | 0.22 |
Over the past year, DCO and HWM have become more correlated (0.53) than their long-term average of 0.22, meaning their price movements have been converging.
Fundamentals
DCO:
$2.53B
HWM:
$110.88B
DCO:
-$2.27
HWM:
$4.31
DCO:
2.93
HWM:
12.91
DCO:
3.78
HWM:
20.08
DCO:
$839.64M
HWM:
$8.62B
DCO:
$226.25M
HWM:
$2.81B
DCO:
$11.47M
HWM:
$2.66B
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Return for Risk
DCO vs. HWM — Risk / Return Rank
DCO
HWM
DCO vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ducommun Incorporated (DCO) and Howmet Aerospace Inc. (HWM). 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.
| DCO | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 3.61 | +2.64 |
| Martin ratioReturn relative to average drawdown | 18.88 | 10.18 | +8.69 |
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Drawdowns
DCO vs. HWM - Drawdown Comparison
The maximum DCO drawdown since its inception was -95.13%, which is greater than HWM's maximum drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for DCO and HWM.
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Drawdown Indicators
| DCO | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.13% | -88.30% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -15.89% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -19.41% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.69% | -21.22% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -70.83% | -64.81% | -6.02% |
Current DrawdownCurrent decline from peak | -1.81% | -2.86% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -38.15% | -30.99% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 5.61% | -0.32% |
Volatility
DCO vs. HWM - Volatility Comparison
Ducommun Incorporated (DCO) and Howmet Aerospace Inc. (HWM) have volatilities of 10.47% and 10.45%, 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
| DCO | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 10.45% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 26.98% | 25.04% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.88% | 31.75% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.56% | 32.22% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.56% | 39.76% | +3.80% |
Dividends
DCO vs. HWM - Dividend Comparison
DCO has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCO Ducommun Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HWM Howmet Aerospace Inc. | 0.17% | 0.21% | 0.24% | 0.31% | 0.25% | 0.13% | 0.05% | 0.39% | 1.42% | 0.88% | 40.49% | 1.22% |
Financials
DCO vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Ducommun Incorporated and Howmet Aerospace 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
DCO vs. HWM - Profitability Comparison
DCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ducommun Incorporated reported a gross profit of 56.23M and revenue of 209.02M. Therefore, the gross margin over that period was 26.9%.
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.
DCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ducommun Incorporated reported an operating income of 15.72M and revenue of 209.02M, resulting in an operating margin of 7.5%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
DCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ducommun Incorporated reported a net income of 9.92M and revenue of 209.02M, resulting in a net margin of 4.7%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.
Frequently Asked Questions
DCO and HWM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCO has higher volatility (10.47%) compared to HWM (10.45%). In terms of maximum drawdown, DCO dropped -95.13% vs HWM's -88.30%.
DCO currently has the higher Sharpe Ratio (2.79 vs 1.81), 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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