HBM vs. SHOO
HBM (Hudbay Minerals Inc.) and SHOO (Steven Madden, Ltd.) are both stocks. HBM operates in Copper (Basic Materials), while SHOO operates in Footwear & Accessories (Consumer Cyclical). Over the past 10 years, HBM returned 18.60%/yr vs 8.85%/yr for SHOO. At a 0.28 correlation, their price movements are largely independent.
Performance
HBM vs. SHOO - Performance Comparison
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Returns By Period
In the year-to-date period, HBM achieves a 31.58% return, which is significantly higher than SHOO's 10.00% return. Over the past 10 years, HBM has outperformed SHOO with an annualized return of 18.60%, while SHOO has yielded a comparatively lower 8.85% annualized return.
HBM
- 1D
- 1.75%
- 1M
- 4.36%
- YTD
- 31.58%
- 6M
- 50.45%
- 1Y
- 171.66%
- 3Y*
- 77.46%
- 5Y*
- 30.42%
- 10Y*
- 18.60%
SHOO
- 1D
- 3.40%
- 1M
- 12.11%
- YTD
- 10.00%
- 6M
- 6.84%
- 1Y
- 87.20%
- 3Y*
- 13.37%
- 5Y*
- 2.86%
- 10Y*
- 8.85%
HBM vs. SHOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 31.58% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
SHOO Steven Madden, Ltd. | 10.00% | 0.63% | 3.21% | 34.62% | -29.52% | 33.46% | -17.43% | 44.42% | -1.19% | 30.63% |
Correlation
The correlation between HBM and SHOO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.28 |
Fundamentals
HBM:
$10.41B
SHOO:
$3.26B
HBM:
$1.65
SHOO:
$1.07
HBM:
15.79
SHOO:
42.47
HBM:
4.39
SHOO:
1.23
HBM:
2.94
SHOO:
3.57
HBM:
$2.37B
SHOO:
$2.63B
HBM:
$828.54M
SHOO:
$1.18B
HBM:
$1.54B
SHOO:
$148.60M
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Return for Risk
HBM vs. SHOO — Risk / Return Rank
HBM
SHOO
HBM vs. SHOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) and Steven Madden, Ltd. (SHOO). 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.
| HBM | SHOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 2.76 | +2.01 |
| Martin ratioReturn relative to average drawdown | 15.13 | 7.31 | +7.82 |
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
| HBM | SHOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.96 | 1.96 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.07 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.22 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.20 | 0.00 |
Drawdowns
HBM vs. SHOO - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, which is greater than SHOO's maximum drawdown of -77.06%. Use the drawdown chart below to compare losses from any high point for HBM and SHOO.
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Drawdown Indicators
| HBM | SHOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -77.06% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -31.73% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -60.21% | +19.10% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -60.21% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | -60.21% | -26.13% |
Current DrawdownCurrent decline from peak | -18.07% | -4.84% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -52.50% | -22.85% | -29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 11.97% | -0.57% |
Volatility
HBM vs. SHOO - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 25.29% compared to Steven Madden, Ltd. (SHOO) at 9.99%. This indicates that HBM's price experiences larger fluctuations and is considered to be riskier than SHOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBM | SHOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.29% | 9.99% | +15.30% |
Volatility (6M)Calculated over the trailing 6-month period | 46.90% | 30.33% | +16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.55% | 44.82% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.36% | 39.12% | +16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.79% | 40.39% | +18.40% |
Dividends
HBM vs. SHOO - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.05%, less than SHOO's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
SHOO Steven Madden, Ltd. | 2.32% | 2.02% | 1.98% | 2.00% | 2.63% | 1.29% | 0.42% | 1.33% | 1.78% | 0.00% | 0.00% | 0.00% |
Financials
HBM vs. SHOO - Financials Comparison
This section allows you to compare key financial metrics between Hudbay Minerals Inc. and Steven Madden, Ltd.. 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
HBM vs. SHOO - Profitability Comparison
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
SHOO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Steven Madden, Ltd. reported a gross profit of 357.42M and revenue of 653.10M. Therefore, the gross margin over that period was 54.7%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
SHOO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steven Madden, Ltd. reported an operating income of 98.74M and revenue of 653.10M, resulting in an operating margin of 15.1%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
SHOO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Steven Madden, Ltd. reported a net income of 71.82M and revenue of 653.10M, resulting in a net margin of 11.0%.
Frequently Asked Questions
HBM and SHOO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.29%) compared to SHOO (9.99%). In terms of maximum drawdown, HBM dropped -92.21% vs SHOO's -77.06%.
HBM currently has the higher Sharpe Ratio (2.96 vs 1.96), 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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