ESLT vs. HRTG
ESLT (Elbit Systems Ltd) and HRTG (Heritage Insurance Holdings, Inc.) are both stocks. ESLT operates in Aerospace & Defense (Industrials), while HRTG operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, ESLT returned 26.53%/yr vs 7.50%/yr for HRTG. At a 0.12 correlation, their price movements are largely independent.
Performance
ESLT vs. HRTG - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly higher than HRTG's -23.27% return. Over the past 10 years, ESLT has outperformed HRTG with an annualized return of 26.53%, while HRTG has yielded a comparatively lower 7.50% annualized return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
HRTG
- 1D
- 0.58%
- 1M
- 1.95%
- YTD
- -23.27%
- 6M
- -22.80%
- 1Y
- -5.99%
- 3Y*
- 71.00%
- 5Y*
- 22.01%
- 10Y*
- 7.50%
ESLT vs. HRTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
HRTG Heritage Insurance Holdings, Inc. | -23.27% | 141.82% | 85.58% | 262.22% | -68.58% | -40.09% | -21.80% | -8.50% | -17.06% | 16.94% |
Correlation
The correlation between ESLT and HRTG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 23, 2014 | 0.12 |
Fundamentals
ESLT:
$41.10B
HRTG:
$690.12M
ESLT:
$12.36
HRTG:
$6.53
ESLT:
69.08
HRTG:
3.44
ESLT:
3.27
HRTG:
0.02
ESLT:
4.93
HRTG:
0.82
ESLT:
9.65
HRTG:
1.33
ESLT:
$8.23B
HRTG:
$848.47M
ESLT:
$2.03B
HRTG:
$333.64M
ESLT:
$861.06M
HRTG:
$285.21M
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Return for Risk
ESLT vs. HRTG — Risk / Return Rank
ESLT
HRTG
ESLT vs. HRTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) and Heritage Insurance Holdings, Inc. (HRTG). 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.
| ESLT | HRTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.03 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | -0.18 | +4.01 |
| Martin ratioReturn relative to average drawdown | 10.61 | -0.40 | +11.01 |
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Drawdowns
ESLT vs. HRTG - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum HRTG drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for ESLT and HRTG.
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Drawdown Indicators
| ESLT | HRTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -94.36% | +40.57% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -32.95% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -43.90% | +17.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -84.89% | +52.00% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -92.21% | +59.32% |
Current DrawdownCurrent decline from peak | -15.71% | -27.91% | +12.20% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -46.51% | +32.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 14.92% | -5.56% |
Volatility
ESLT vs. HRTG - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 19.89% compared to Heritage Insurance Holdings, Inc. (HRTG) at 10.07%. This indicates that ESLT's price experiences larger fluctuations and is considered to be riskier than HRTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESLT | HRTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 10.07% | +9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 37.66% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 57.07% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 71.35% | -37.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 57.93% | -28.51% |
Dividends
ESLT vs. HRTG - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, while HRTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% |
Financials
ESLT vs. HRTG - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd and Heritage Insurance 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
ESLT vs. HRTG - Profitability Comparison
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
HRTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a gross profit of 0.00 and revenue of 212.66M. Therefore, the gross margin over that period was 0.0%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
HRTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported an operating income of 50.82M and revenue of 212.66M, resulting in an operating margin of 23.9%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
HRTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a net income of 36.48M and revenue of 212.66M, resulting in a net margin of 17.2%.
Frequently Asked Questions
ESLT and HRTG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (19.89%) compared to HRTG (10.07%). In terms of maximum drawdown, ESLT dropped -53.79% vs HRTG's -94.36%.
ESLT currently has the higher Sharpe Ratio (2.26 vs -0.11), 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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