EXTR vs. HPE
EXTR (Extreme Networks, Inc.) and HPE (Hewlett Packard Enterprise Company) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 10 years, EXTR returned 25.48%/yr vs 19.66%/yr for HPE. At a 0.43 correlation, their price movements are largely independent.
Performance
EXTR vs. HPE - Performance Comparison
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Returns By Period
In the year-to-date period, EXTR achieves a 91.29% return, which is significantly lower than HPE's 103.38% return. Over the past 10 years, EXTR has outperformed HPE with an annualized return of 25.48%, while HPE has yielded a comparatively lower 19.66% annualized return.
EXTR
- 1D
- 1.50%
- 1M
- 24.41%
- YTD
- 91.29%
- 6M
- 87.46%
- 1Y
- 91.58%
- 3Y*
- 10.98%
- 5Y*
- 23.87%
- 10Y*
- 25.48%
HPE
- 1D
- 2.09%
- 1M
- 29.17%
- YTD
- 103.38%
- 6M
- 97.79%
- 1Y
- 175.09%
- 3Y*
- 46.83%
- 5Y*
- 30.98%
- 10Y*
- 19.66%
EXTR vs. HPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXTR Extreme Networks, Inc. | 91.29% | -0.54% | -5.10% | -3.66% | 16.62% | 127.87% | -6.51% | 20.82% | -51.28% | 148.91% |
HPE Hewlett Packard Enterprise Company | 103.38% | 15.54% | 29.14% | 9.72% | 4.49% | 37.37% | -21.94% | 23.74% | -5.62% | 7.83% |
Correlation
The correlation between EXTR and HPE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2015 | 0.43 |
The correlation between EXTR and HPE has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
Fundamentals
EXTR:
$4.25B
HPE:
$65.63B
EXTR:
$0.12
HPE:
$1.10
EXTR:
262.67
HPE:
44.08
EXTR:
0.52
HPE:
0.55
EXTR:
3.41
HPE:
1.70
EXTR:
53.88
HPE:
2.59
EXTR:
$1.25B
HPE:
$38.88B
EXTR:
$767.74M
HPE:
$5.56B
EXTR:
$57.04M
HPE:
$2.70B
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Return for Risk
EXTR vs. HPE — Risk / Return Rank
EXTR
HPE
EXTR vs. HPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Extreme Networks, Inc. (EXTR) and Hewlett Packard Enterprise Company (HPE). 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.
| EXTR | HPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.55 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 7.42 | -5.11 |
| Martin ratioReturn relative to average drawdown | 4.29 | 17.19 | -12.90 |
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Drawdowns
EXTR vs. HPE - Drawdown Comparison
The maximum EXTR drawdown since its inception was -99.15%, which is greater than HPE's maximum drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for EXTR and HPE.
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Drawdown Indicators
| EXTR | HPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.15% | -56.88% | -42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -39.87% | -23.73% | -16.14% |
Max Drawdown (3Y)Largest decline over 3 years | -67.21% | -48.36% | -18.85% |
Max Drawdown (5Y)Largest decline over 5 years | -67.21% | -48.36% | -18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -87.53% | -56.88% | -30.65% |
Current DrawdownCurrent decline from peak | -74.31% | -13.55% | -60.76% |
Average DrawdownAverage peak-to-trough decline | -88.97% | -14.71% | -74.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 10.23% | +11.19% |
Volatility
EXTR vs. HPE - Volatility Comparison
The current volatility for Extreme Networks, Inc. (EXTR) is 16.63%, while Hewlett Packard Enterprise Company (HPE) has a volatility of 28.09%. This indicates that EXTR experiences smaller price fluctuations and is considered to be less risky than HPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXTR | HPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.63% | 28.09% | -11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 38.32% | 40.20% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.29% | 49.18% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.98% | 39.12% | +8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.45% | 37.18% | +17.27% |
Dividends
EXTR vs. HPE - Dividend Comparison
EXTR has not paid dividends to shareholders, while HPE's dividend yield for the trailing twelve months is around 1.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXTR Extreme Networks, 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% |
HPE Hewlett Packard Enterprise Company | 1.15% | 2.22% | 2.44% | 2.89% | 3.01% | 3.04% | 4.05% | 2.88% | 3.12% | 70.62% | 0.99% | 0.36% |
Financials
EXTR vs. HPE - Financials Comparison
This section allows you to compare key financial metrics between Extreme Networks, Inc. and Hewlett Packard Enterprise Company. 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
EXTR vs. HPE - Profitability Comparison
EXTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Extreme Networks, Inc. reported a gross profit of 195.54M and revenue of 316.87M. Therefore, the gross margin over that period was 61.7%.
HPE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a gross profit of -3.34B and revenue of 10.68B. Therefore, the gross margin over that period was -31.3%.
EXTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Extreme Networks, Inc. reported an operating income of 17.34M and revenue of 316.87M, resulting in an operating margin of 5.5%.
HPE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported an operating income of 319.00M and revenue of 10.68B, resulting in an operating margin of 3.0%.
EXTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Extreme Networks, Inc. reported a net income of 10.59M and revenue of 316.87M, resulting in a net margin of 3.3%.
HPE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a net income of 604.00M and revenue of 10.68B, resulting in a net margin of 5.7%.
Frequently Asked Questions
EXTR and HPE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPE has higher volatility (28.09%) compared to EXTR (16.63%). In terms of maximum drawdown, EXTR dropped -99.15% vs HPE's -56.88%.
HPE currently has the higher Sharpe Ratio (3.59 vs 1.80), 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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