EME vs. HWM
EME (EMCOR Group, Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — EME in Engineering & Construction, HWM in Specialty Industrial Machinery. Over the past 10 years, EME returned 33.61%/yr vs 33.28%/yr for HWM. At a 0.43 correlation, their price movements are largely independent.
Performance
EME vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, EME achieves a 34.68% return, which is significantly higher than HWM's 29.23% return. Both investments have delivered pretty close results over the past 10 years, with EME having a 33.61% annualized return and HWM not far behind at 33.28%.
EME
- 1D
- 1.42%
- 1M
- -10.83%
- YTD
- 34.68%
- 6M
- 32.12%
- 1Y
- 73.63%
- 3Y*
- 67.29%
- 5Y*
- 45.87%
- 10Y*
- 33.61%
HWM
- 1D
- 0.03%
- 1M
- -3.09%
- YTD
- 29.23%
- 6M
- 33.60%
- 1Y
- 54.66%
- 3Y*
- 79.69%
- 5Y*
- 50.00%
- 10Y*
- 33.28%
EME vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EME EMCOR Group, Inc. | 34.68% | 35.05% | 111.27% | 46.03% | 16.81% | 39.93% | 6.47% | 45.18% | -26.68% | 16.09% |
HWM Howmet Aerospace Inc. | 29.23% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between EME and HWM is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1995 | 0.43 |
The correlation between EME and HWM shifts across timeframes, from 0.43 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EME:
$37.08B
HWM:
$106.66B
EME:
$29.65
HWM:
$4.31
EME:
27.76
HWM:
61.42
EME:
0.65
HWM:
1.04
EME:
2.09
HWM:
12.42
EME:
9.59
HWM:
19.32
EME:
$17.75B
HWM:
$8.62B
EME:
$3.47B
HWM:
$2.81B
EME:
$2.03B
HWM:
$2.66B
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Return for Risk
EME vs. HWM — Risk / Return Rank
EME
HWM
EME vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EMCOR Group, Inc. (EME) 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.
| EME | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.46 | -0.51 |
| Martin ratioReturn relative to average drawdown | 7.26 | 9.77 | -2.51 |
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Drawdowns
EME vs. HWM - Drawdown Comparison
The maximum EME drawdown since its inception was -70.56%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for EME and HWM.
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Drawdown Indicators
| EME | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.56% | -88.30% | +17.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -15.89% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -36.19% | -19.41% | -16.78% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -21.61% | -14.58% |
Max Drawdown (10Y)Largest decline over 10 years | -48.00% | -64.81% | +16.81% |
Current DrawdownCurrent decline from peak | -12.79% | -3.26% | -9.53% |
Average DrawdownAverage peak-to-trough decline | -15.36% | -31.00% | +15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 5.61% | +4.57% |
Volatility
EME vs. HWM - Volatility Comparison
EMCOR Group, Inc. (EME) and Howmet Aerospace Inc. (HWM) have volatilities of 10.65% and 11.03%, 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
| EME | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 11.03% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 25.03% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 31.46% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.44% | 32.20% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.04% | 39.82% | -6.78% |
Dividends
EME vs. HWM - Dividend Comparison
EME's dividend yield for the trailing twelve months is around 0.16%, less than HWM's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EME EMCOR Group, Inc. | 0.16% | 0.16% | 0.20% | 0.32% | 0.36% | 0.41% | 0.35% | 0.37% | 0.54% | 0.39% | 0.45% | 0.67% |
HWM Howmet Aerospace Inc. | 0.18% | 0.21% | 0.24% | 0.31% | 0.25% | 0.13% | 0.05% | 0.39% | 1.42% | 0.88% | 40.49% | 1.22% |
Financials
EME vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between EMCOR Group, Inc. 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
EME vs. HWM - Profitability Comparison
EME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported a gross profit of 863.95M and revenue of 4.63B. Therefore, the gross margin over that period was 18.7%.
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%.
EME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported an operating income of 403.85M and revenue of 4.63B, resulting in an operating margin of 8.7%.
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%.
EME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EMCOR Group, Inc. reported a net income of 305.48M and revenue of 4.63B, resulting in a net margin of 6.6%.
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
EME and HWM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWM has higher volatility (11.03%) compared to EME (10.65%). In terms of maximum drawdown, EME dropped -70.56% vs HWM's -88.30%.
EME currently has the higher Sharpe Ratio (1.92 vs 1.75), 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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