HAYW vs. GTES

Last updated Jun 3, 2026

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 -10.69%/yr vs 7.64%/yr for GTES. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

HAYW vs. GTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hayward Holdings, Inc. (HAYW) and Gates Industrial Corporation plc (GTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAYW achieves a -9.51% return, which is significantly lower than GTES's 23.47% return.

HAYW

• 1D: -0.21%
• 1M: -7.11%
• YTD: -9.51%
• 6M: -14.60%
• 1Y: 1.60%
• 3Y*: 7.13%
• 5Y*: -10.69%
• 10Y*: —

GTES

• 1D: 2.55%
• 1M: 10.18%
• YTD: 23.47%
• 6M: 19.25%
• 1Y: 26.18%
• 3Y*: 28.65%
• 5Y*: 7.64%
• 10Y*: —

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

HAYW vs. GTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HAYW Hayward Holdings, Inc.	-9.51%	1.05%	12.43%	44.68%	-64.16%	54.29%
GTES Gates Industrial Corporation plc	23.47%	4.38%	53.28%	17.62%	-28.28%	-3.93%

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	0.53
Correlation (All Time) Calculated using the full available price history since Mar 15, 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

EPS HAYW : $0.72 GTES : $1.29
PE Ratio HAYW : 19.34 GTES : 20.61
PS Ratio HAYW : 2.70 GTES : 1.49
Total Revenue (TTM) HAYW : $1.15B GTES : $3.45B
Gross Profit (TTM) HAYW : $550.85M GTES : $1.38B
EBITDA (TTM) HAYW : $292.55M GTES : $645.40M

Return for Risk

HAYW vs. GTES — Risk / Return Rank

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

HAYW

HAYW Risk / Return Rank: 39
HAYW Sharpe Ratio Rank: 42
HAYW Sortino Ratio Rank: 37
HAYW Omega Ratio Rank: 36
HAYW Calmar Ratio Rank: 40
HAYW Martin Ratio Rank: 40

GTES

GTES Risk / Return Rank: 60
GTES Sharpe Ratio Rank: 64
GTES Sortino Ratio Rank: 57
GTES Omega Ratio Rank: 57
GTES Calmar Ratio Rank: 61
GTES Martin Ratio Rank: 62

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.

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.

	HAYW	GTES	Difference
Sharpe ratio Return per unit of total volatility	0.05	0.71	-0.66
Sortino ratio Return per unit of downside risk	0.33	1.18	-0.85
Omega ratio Gain probability vs. loss probability	1.04	1.15	-0.12
Calmar ratio Return relative to maximum drawdown	0.01	1.01	-1.01
Martin ratio Return relative to average drawdown	0.02	2.42	-2.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAYW vs. GTES - Sharpe Ratio Comparison

The current HAYW Sharpe Ratio is 0.05, which is lower than the GTES Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of HAYW and GTES, 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

	HAYW	GTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.71	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	0.22	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.11	-0.20

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.

Drawdown Indicators

	HAYW	GTES	Difference
Max Drawdown Largest 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%	-48.40%	-22.09%
Current Drawdown Current decline from peak	-49.26%	-5.49%	-43.77%
Average Drawdown Average peak-to-trough decline	-43.12%	-26.83%	-16.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.10%	10.48%	-0.38%

Volatility

HAYW vs. GTES - Volatility Comparison

The current volatility for Hayward Holdings, Inc. (HAYW) is 9.70%, while Gates Industrial Corporation plc (GTES) has a volatility of 11.28%. 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.

Volatility by Period

	HAYW	GTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	11.28%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	20.67%	29.15%	-8.48%
Volatility (1Y) Calculated over the trailing 1-year period	30.94%	36.86%	-5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.88%	34.46%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.02%	40.40%	+1.62%

Dividends

HAYW vs. GTES - Dividend Comparison

Neither HAYW nor GTES has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

HAYW vs. GTES - Profitability Comparison

The chart below illustrates the profitability comparison between Hayward Holdings, Inc. and Gates Industrial Corporation plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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

Can I hold both HAYW and GTES in my portfolio?

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.

Which is riskier, HAYW or GTES?

GTES has higher volatility (11.28%) compared to HAYW (9.70%). In terms of maximum drawdown, HAYW dropped -70.49% vs GTES's -70.06%.

Which has better risk-adjusted returns?

GTES currently has the higher Sharpe Ratio (0.71 vs 0.05), 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.