HALO vs. HWM
HALO (Halozyme Therapeutics, Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. HALO operates in Biotechnology (Healthcare), while HWM operates in Aerospace & Defense (Industrials). Over the past 10 years, HALO returned 22.84%/yr vs 33.28%/yr for HWM. At a 0.27 correlation, their price movements are largely independent.
Performance
HALO vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, HALO achieves a 3.27% return, which is significantly lower than HWM's 29.23% return. Over the past 10 years, HALO has underperformed HWM with an annualized return of 22.84%, while HWM has yielded a comparatively higher 33.28% annualized return.
HALO
- 1D
- -1.74%
- 1M
- 0.42%
- YTD
- 3.27%
- 6M
- 11.72%
- 1Y
- 28.75%
- 3Y*
- 27.10%
- 5Y*
- 10.19%
- 10Y*
- 22.84%
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%
HALO vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, Inc. | 3.27% | 40.77% | 29.36% | -35.04% | 41.51% | -5.85% | 140.89% | 21.19% | -27.79% | 105.06% |
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 HALO and HWM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2004 | 0.27 |
The correlation between HALO and HWM shifts across timeframes, from 0.16 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HALO:
$8.54B
HWM:
$106.66B
HALO:
$2.87
HWM:
$4.31
HALO:
24.26
HWM:
61.42
HALO:
2.74
HWM:
1.04
HALO:
5.61
HWM:
12.42
HALO:
38.88
HWM:
19.32
HALO:
$1.51B
HWM:
$8.62B
HALO:
$1.23B
HWM:
$2.81B
HALO:
$980.05M
HWM:
$2.66B
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Return for Risk
HALO vs. HWM — Risk / Return Rank
HALO
HWM
HALO vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halozyme Therapeutics, Inc. (HALO) 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.
| HALO | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 3.46 | -2.32 |
| Martin ratioReturn relative to average drawdown | 2.16 | 9.77 | -7.61 |
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Drawdowns
HALO vs. HWM - Drawdown Comparison
The maximum HALO drawdown since its inception was -74.26%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for HALO and HWM.
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Drawdown Indicators
| HALO | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.26% | -88.30% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -15.89% | -8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.92% | -19.41% | -14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -21.61% | -27.45% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -64.81% | +15.75% |
Current DrawdownCurrent decline from peak | -14.44% | -3.26% | -11.18% |
Average DrawdownAverage peak-to-trough decline | -31.88% | -31.00% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 5.61% | +7.12% |
Volatility
HALO vs. HWM - Volatility Comparison
The current volatility for Halozyme Therapeutics, Inc. (HALO) is 8.94%, while Howmet Aerospace Inc. (HWM) has a volatility of 11.03%. This indicates that HALO experiences smaller price fluctuations and is considered to be less risky 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
| HALO | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 11.03% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 24.02% | 25.03% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.20% | 31.46% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.42% | 32.20% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.88% | 39.82% | +3.06% |
Dividends
HALO vs. HWM - Dividend Comparison
HALO 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, 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
HALO vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Halozyme Therapeutics, 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
HALO vs. HWM - Profitability Comparison
HALO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halozyme Therapeutics, Inc. reported a gross profit of 297.47M and revenue of 376.71M. Therefore, the gross margin over that period was 79.0%.
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%.
HALO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halozyme Therapeutics, Inc. reported an operating income of 184.52M and revenue of 376.71M, resulting in an operating margin of 49.0%.
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%.
HALO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halozyme Therapeutics, Inc. reported a net income of 150.05M and revenue of 376.71M, resulting in a net margin of 39.8%.
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
HALO and HWM have a correlation of 0.16, 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 HALO (8.94%). In terms of maximum drawdown, HALO dropped -74.26% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.75 vs 0.91), 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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