EVLV vs. HWM
EVLV (Evolv Technologies Holdings Inc) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — EVLV in Security & Protection Services, HWM in Aerospace & Defense. Over the past 5 years, EVLV returned -9.60%/yr vs 50.00%/yr for HWM. At a 0.22 correlation, their price movements are largely independent.
Performance
EVLV vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, EVLV achieves a -14.94% return, which is significantly lower than HWM's 29.23% return.
EVLV
- 1D
- -0.81%
- 1M
- 1.16%
- YTD
- -14.94%
- 6M
- -13.12%
- 1Y
- 17.57%
- 3Y*
- -1.38%
- 5Y*
- -9.60%
- 10Y*
- —
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%
EVLV vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EVLV Evolv Technologies Holdings Inc | -14.94% | 81.27% | -16.31% | 82.24% | -41.93% | -55.44% | 1.11% |
HWM Howmet Aerospace Inc. | 29.23% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 69.08% |
Correlation
The correlation between EVLV and HWM is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.22 |
The correlation between EVLV and HWM shifts across timeframes, from 0.07 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EVLV:
$1.08B
HWM:
$106.66B
EVLV:
-$0.21
HWM:
$4.31
EVLV:
6.69
HWM:
12.42
EVLV:
8.94
HWM:
19.32
EVLV:
$160.23M
HWM:
$8.62B
EVLV:
$79.75M
HWM:
$2.81B
EVLV:
-$39.27M
HWM:
$2.66B
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Return for Risk
EVLV vs. HWM — Risk / Return Rank
EVLV
HWM
EVLV vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolv Technologies Holdings Inc (EVLV) 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.
| EVLV | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.46 | -3.06 |
| Martin ratioReturn relative to average drawdown | 0.75 | 9.77 | -9.02 |
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Drawdowns
EVLV vs. HWM - Drawdown Comparison
The maximum EVLV drawdown since its inception was -84.50%, roughly equal to the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for EVLV and HWM.
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Drawdown Indicators
| EVLV | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.50% | -88.30% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -44.06% | -15.89% | -28.17% |
Max Drawdown (3Y)Largest decline over 3 years | -72.92% | -19.41% | -53.51% |
Max Drawdown (5Y)Largest decline over 5 years | -84.21% | -21.61% | -62.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.81% | — |
Current DrawdownCurrent decline from peak | -44.13% | -3.26% | -40.87% |
Average DrawdownAverage peak-to-trough decline | -50.29% | -31.00% | -19.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.37% | 5.61% | +17.76% |
Volatility
EVLV vs. HWM - Volatility Comparison
Evolv Technologies Holdings Inc (EVLV) has a higher volatility of 15.37% compared to Howmet Aerospace Inc. (HWM) at 11.03%. This indicates that EVLV's price experiences larger fluctuations and is considered to be riskier than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLV | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 11.03% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 38.87% | 25.03% | +13.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.43% | 31.46% | +20.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.01% | 32.20% | +53.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.57% | 39.82% | +40.75% |
Dividends
EVLV vs. HWM - Dividend Comparison
EVLV has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLV Evolv Technologies Holdings 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% |
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
EVLV vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Evolv Technologies Holdings 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
EVLV vs. HWM - Profitability Comparison
EVLV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a gross profit of 23.60M and revenue of 46.33M. Therefore, the gross margin over that period was 50.9%.
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%.
EVLV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported an operating income of -8.47M and revenue of 46.33M, resulting in an operating margin of -18.3%.
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%.
EVLV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a net income of -5.01M and revenue of 46.33M, resulting in a net margin of -10.8%.
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
EVLV and HWM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLV has higher volatility (15.37%) compared to HWM (11.03%). In terms of maximum drawdown, EVLV dropped -84.50% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.75 vs 0.34), 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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