HBB vs. QLTA
HBB (Hamilton Beach Brands Holding Company) is a stock, while QLTA (iShares Aaa - A Rated Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg U.S. Corporate Aaa - A Capped Index. Over the past 5 years, HBB returned -1.24%/yr vs 0.14%/yr for QLTA. At a 0.07 correlation, their price movements are largely independent.
Performance
HBB vs. QLTA - Performance Comparison
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Returns By Period
In the year-to-date period, HBB achieves a 20.34% return, which is significantly higher than QLTA's 0.50% return.
HBB
- 1D
- 3.11%
- 1M
- -4.79%
- YTD
- 20.34%
- 6M
- 23.88%
- 1Y
- 10.92%
- 3Y*
- 30.38%
- 5Y*
- -1.24%
- 10Y*
- —
QLTA
- 1D
- 0.19%
- 1M
- 0.44%
- YTD
- 0.50%
- 6M
- 0.39%
- 1Y
- 5.02%
- 3Y*
- 4.60%
- 5Y*
- 0.14%
- 10Y*
- 2.04%
HBB vs. QLTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBB Hamilton Beach Brands Holding Company | 20.34% | 0.52% | -1.60% | 46.40% | -10.86% | -16.17% | -6.01% | -17.00% | -7.40% | -14.76% |
QLTA iShares Aaa - A Rated Corporate Bond ETF | 0.50% | 7.36% | 1.23% | 7.60% | -15.14% | -2.32% | 9.62% | 12.54% | -2.27% | 1.00% |
Correlation
The correlation between HBB and QLTA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017 | 0.07 |
The correlation between HBB and QLTA shifts across timeframes, from 0.07 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HBB vs. QLTA — Risk / Return Rank
HBB
QLTA
HBB vs. QLTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Beach Brands Holding Company (HBB) and iShares Aaa - A Rated Corporate Bond ETF (QLTA). 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.
| HBB | QLTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.79 | -1.48 |
| Martin ratioReturn relative to average drawdown | 0.60 | 5.36 | -4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HBB | QLTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.16 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.02 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.40 | -0.44 |
Drawdowns
HBB vs. QLTA - Drawdown Comparison
The maximum HBB drawdown since its inception was -81.89%, which is greater than QLTA's maximum drawdown of -22.27%. Use the drawdown chart below to compare losses from any high point for HBB and QLTA.
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Drawdown Indicators
| HBB | QLTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.89% | -22.27% | -59.62% |
Max Drawdown (1Y)Largest decline over 1 year | -34.70% | -2.81% | -31.89% |
Max Drawdown (3Y)Largest decline over 3 years | -57.65% | -6.66% | -50.99% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -21.36% | -38.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.27% | — |
Current DrawdownCurrent decline from peak | -39.23% | -3.23% | -36.00% |
Average DrawdownAverage peak-to-trough decline | -50.63% | -4.68% | -45.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.17% | 0.94% | +17.23% |
Volatility
HBB vs. QLTA - Volatility Comparison
Hamilton Beach Brands Holding Company (HBB) has a higher volatility of 17.51% compared to iShares Aaa - A Rated Corporate Bond ETF (QLTA) at 1.36%. This indicates that HBB's price experiences larger fluctuations and is considered to be riskier than QLTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBB | QLTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.51% | 1.36% | +16.15% |
Volatility (6M)Calculated over the trailing 6-month period | 38.58% | 3.19% | +35.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.34% | 4.38% | +48.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.11% | 7.21% | +46.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.08% | 7.02% | +51.06% |
Dividends
HBB vs. QLTA - Dividend Comparison
HBB's dividend yield for the trailing twelve months is around 2.48%, less than QLTA's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBB Hamilton Beach Brands Holding Company | 2.48% | 2.89% | 2.70% | 2.49% | 3.35% | 2.75% | 2.11% | 1.86% | 1.45% | 0.33% | 0.00% | 0.00% |
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.46% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
Frequently Asked Questions
HBB and QLTA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBB has higher volatility (17.51%) compared to QLTA (1.36%). In terms of maximum drawdown, HBB dropped -81.89% vs QLTA's -22.27%.
QLTA currently has the higher Sharpe Ratio (1.16 vs 0.21), 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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