HAL vs. LAC

Last updated Jun 9, 2026

HAL (Halliburton Company) and LAC (Lithium Americas Corp.) are both stocks. HAL operates in Oil & Gas Equipment & Services (Energy), while LAC operates in Other Industrial Metals & Mining (Basic Materials). Over the past year, HAL returned 101.95% vs 68.89% for LAC. At a 0.21 correlation, their price movements are largely independent.

Performance

HAL vs. LAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Halliburton Company (HAL) and Lithium Americas Corp. (LAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAL achieves a 44.62% return, which is significantly higher than LAC's 4.59% return.

HAL

• 1D: 3.37%
• 1M: 2.11%
• YTD: 44.62%
• 6M: 45.55%
• 1Y: 101.95%
• 3Y*: 10.25%
• 5Y*: 12.92%
• 10Y*: 1.02%

LAC

• 1D: 0.66%
• 1M: -18.13%
• YTD: 4.59%
• 6M: -14.12%
• 1Y: 68.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HAL vs. LAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HAL Halliburton Company	44.62%	7.02%	-23.19%	-10.35%
LAC Lithium Americas Corp.	4.59%	46.80%	-53.59%	-27.19%

Correlation

The correlation between HAL and LAC 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 (All Time) Calculated using the full available price history since Oct 2, 2023	0.21

The correlation between HAL and LAC shifts across timeframes, from 0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HAL : $33.98B LAC : $1.61B
EPS HAL : $1.82 LAC : -$0.28
PB Ratio HAL : 3.14 LAC : 1.19
Total Revenue (TTM) HAL : $22.17B LAC : $0.00
Gross Profit (TTM) HAL : $3.40B LAC : -$580.22K
EBITDA (TTM) HAL : $3.83B LAC : -$52.10M

Return for Risk

HAL vs. LAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAL

HAL Risk / Return Rank: 94
HAL Sharpe Ratio Rank: 94
HAL Sortino Ratio Rank: 93
HAL Omega Ratio Rank: 90
HAL Calmar Ratio Rank: 96
HAL Martin Ratio Rank: 96

LAC

LAC Risk / Return Rank: 68
LAC Sharpe Ratio Rank: 61
LAC Sortino Ratio Rank: 79
LAC Omega Ratio Rank: 74
LAC Calmar Ratio Rank: 64
LAC Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAL vs. LAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Halliburton Company (HAL) and Lithium Americas Corp. (LAC). 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.

	HAL	LAC	Difference
Sharpe ratio: Return per unit of total volatility	2.78	0.53	+2.25
Sortino ratio: Return per unit of downside risk	3.48	2.16	+1.31
Omega ratio: Gain probability vs. loss probability	1.42	1.25	+0.17
Calmar ratio: Return relative to maximum drawdown	7.82	1.10	+6.73
Martin ratio: Return relative to average drawdown	20.24	1.69	+18.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAL vs. LAC - Sharpe Ratio Comparison

The current HAL Sharpe Ratio is 2.78, which is higher than the LAC Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of HAL and LAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HAL	LAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	0.53	+2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.26	+0.40

Drawdowns

HAL vs. LAC - Drawdown Comparison

The maximum HAL drawdown since its inception was -92.99%, which is greater than LAC's maximum drawdown of -81.83%. Use the drawdown chart below to compare losses from any high point for HAL and LAC.

Drawdown Indicators

	HAL	LAC	Difference
Max Drawdown Largest peak-to-trough decline	-92.99%	-81.83%	-11.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-63.08%	+49.98%
Max Drawdown (3Y) Largest decline over 3 years	-54.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.45%	—	—
Current Drawdown Current decline from peak	-31.36%	-61.09%	+29.73%
Average Drawdown Average peak-to-trough decline	-39.13%	-63.22%	+24.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	40.87%	-35.81%

Volatility

HAL vs. LAC - Volatility Comparison

The current volatility for Halliburton Company (HAL) is 10.08%, while Lithium Americas Corp. (LAC) has a volatility of 21.31%. This indicates that HAL experiences smaller price fluctuations and is considered to be less risky than LAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAL	LAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.08%	21.31%	-11.23%
Volatility (6M) Calculated over the trailing 6-month period	24.20%	52.78%	-28.58%
Volatility (1Y) Calculated over the trailing 1-year period	36.99%	132.10%	-95.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.19%	101.33%	-61.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.98%	101.33%	-55.35%

Dividends

HAL vs. LAC - Dividend Comparison

HAL's dividend yield for the trailing twelve months is around 1.68%, while LAC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAL Halliburton Company	1.68%	2.41%	2.50%	1.77%	1.22%	0.79%	1.67%	2.94%	2.71%	1.47%	1.33%	2.12%
LAC Lithium Americas Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HAL and LAC in my portfolio?

HAL and LAC 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.

Which is riskier, HAL or LAC?

LAC has higher volatility (21.31%) compared to HAL (10.08%). In terms of maximum drawdown, HAL dropped -92.99% vs LAC's -81.83%.

Which has better risk-adjusted returns?

HAL currently has the higher Sharpe Ratio (2.78 vs 0.53), 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.