HAYW vs. GTES
HAYW (Hayward Holdings, Inc.) and GTES (Gates Industrial Corporation plc) are both stocks. Both are in the Industrials sector — HAYW in Electrical Equipment & Parts, GTES in Specialty Industrial Machinery. Over the past 5 years, HAYW returned -9.96%/yr vs 8.73%/yr for GTES. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
HAYW vs. GTES - Performance Comparison
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Returns By Period
In the year-to-date period, HAYW achieves a -4.14% return, which is significantly lower than GTES's 26.92% return.
HAYW
- 1D
- -0.13%
- 1M
- 6.93%
- YTD
- -4.14%
- 6M
- -7.32%
- 1Y
- 8.90%
- 3Y*
- 8.61%
- 5Y*
- -9.96%
- 10Y*
- —
GTES
- 1D
- -4.39%
- 1M
- 11.32%
- YTD
- 26.92%
- 6M
- 22.80%
- 1Y
- 22.53%
- 3Y*
- 28.51%
- 5Y*
- 8.73%
- 10Y*
- —
HAYW vs. GTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HAYW Hayward Holdings, Inc. | -4.14% | 1.05% | 12.43% | 44.68% | -64.16% | 54.29% |
GTES Gates Industrial Corporation plc | 26.92% | 4.38% | 53.28% | 17.62% | -28.28% | -3.58% |
Correlation
The correlation between HAYW and GTES is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2021 | 0.52 |
The correlation between HAYW and GTES has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
Fundamentals
HAYW:
$0.72
GTES:
$1.29
HAYW:
20.49
GTES:
21.18
HAYW:
2.87
GTES:
1.53
HAYW:
$1.15B
GTES:
$3.45B
HAYW:
$550.85M
GTES:
$1.38B
HAYW:
$292.55M
GTES:
$645.40M
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Return for Risk
HAYW vs. GTES — Risk / Return Rank
HAYW
GTES
HAYW vs. GTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hayward Holdings, Inc. (HAYW) and Gates Industrial Corporation plc (GTES). 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.
| HAYW | GTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.91 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.83 | 2.14 | -1.31 |
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Drawdowns
HAYW vs. GTES - Drawdown Comparison
The maximum HAYW drawdown since its inception was -70.49%, roughly equal to the maximum GTES drawdown of -70.06%. Use the drawdown chart below to compare losses from any high point for HAYW and GTES.
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Drawdown Indicators
| HAYW | GTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.49% | -70.06% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.04% | -24.99% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -31.81% | -33.82% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -70.49% | -47.91% | -22.58% |
Current DrawdownCurrent decline from peak | -46.24% | -4.39% | -41.85% |
Average DrawdownAverage peak-to-trough decline | -43.13% | -26.67% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 10.55% | +0.18% |
Volatility
HAYW vs. GTES - Volatility Comparison
The current volatility for Hayward Holdings, Inc. (HAYW) is 8.61%, while Gates Industrial Corporation plc (GTES) has a volatility of 11.03%. This indicates that HAYW experiences smaller price fluctuations and is considered to be less risky than GTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAYW | GTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 11.03% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 30.34% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.68% | 37.85% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.89% | 34.64% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.93% | 40.41% | +1.52% |
Dividends
HAYW vs. GTES - Dividend Comparison
Neither HAYW nor GTES has paid dividends to shareholders.
Financials
HAYW vs. GTES - Financials Comparison
This section allows you to compare key financial metrics between Hayward Holdings, Inc. and Gates Industrial Corporation plc. 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
HAYW vs. GTES - Profitability Comparison
HAYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hayward Holdings, Inc. reported a gross profit of 118.70M and revenue of 255.22M. Therefore, the gross margin over that period was 46.5%.
GTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a gross profit of 338.00M and revenue of 851.10M. Therefore, the gross margin over that period was 39.7%.
HAYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hayward Holdings, Inc. reported an operating income of 42.49M and revenue of 255.22M, resulting in an operating margin of 16.7%.
GTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported an operating income of 109.90M and revenue of 851.10M, resulting in an operating margin of 12.9%.
HAYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hayward Holdings, Inc. reported a net income of 23.36M and revenue of 255.22M, resulting in a net margin of 9.2%.
GTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a net income of 59.70M and revenue of 851.10M, resulting in a net margin of 7.0%.
Frequently Asked Questions
HAYW and GTES have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTES has higher volatility (11.03%) compared to HAYW (8.61%). In terms of maximum drawdown, HAYW dropped -70.49% vs GTES's -70.06%.
GTES currently has the higher Sharpe Ratio (0.60 vs 0.28), 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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