HCI vs. SKWD

Last updated Jun 3, 2026

HCI (HCI Group, Inc.) and SKWD (Skyward Specialty Insurance Group Inc. Common Stock) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 3 years, HCI returned 42.47%/yr vs 22.69%/yr for SKWD. At a 0.32 correlation, their price movements are largely independent.

Performance

HCI vs. SKWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCI Group, Inc. (HCI) and Skyward Specialty Insurance Group Inc. Common Stock (SKWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCI achieves a -20.21% return, which is significantly lower than SKWD's -13.72% return.

HCI

• 1D: 0.64%
• 1M: 0.16%
• YTD: -20.21%
• 6M: -13.59%
• 1Y: -10.27%
• 3Y*: 42.47%
• 5Y*: 15.40%
• 10Y*: 20.09%

SKWD

• 1D: -0.25%
• 1M: -2.95%
• YTD: -13.72%
• 6M: -5.30%
• 1Y: -32.15%
• 3Y*: 22.69%
• 5Y*: —
• 10Y*: —

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

HCI vs. SKWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HCI HCI Group, Inc.	-20.21%	66.27%	35.46%	107.86%
SKWD Skyward Specialty Insurance Group Inc. Common Stock	-13.72%	1.13%	49.17%	77.38%

Correlation

The correlation between HCI and SKWD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 17, 2023	0.32

Fundamentals

EPS HCI : $24.40 SKWD : $5.66
PE Ratio HCI : 6.24 SKWD : 7.79
PEG Ratio HCI : 0.01 SKWD : 0.17
PS Ratio HCI : 2.11 SKWD : 0.89
Total Revenue (TTM) HCI : $927.48M SKWD : $1.56B
Gross Profit (TTM) HCI : $617.14M SKWD : $523.39M
EBITDA (TTM) HCI : $459.34M SKWD : $170.03M

Return for Risk

HCI vs. SKWD — Risk / Return Rank

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

HCI

HCI Risk / Return Rank: 27
HCI Sharpe Ratio Rank: 26
HCI Sortino Ratio Rank: 24
HCI Omega Ratio Rank: 24
HCI Calmar Ratio Rank: 30
HCI Martin Ratio Rank: 30

SKWD

SKWD Risk / Return Rank: 9
SKWD Sharpe Ratio Rank: 5
SKWD Sortino Ratio Rank: 7
SKWD Omega Ratio Rank: 9
SKWD Calmar Ratio Rank: 9
SKWD Martin Ratio Rank: 15

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.

HCI vs. SKWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCI Group, Inc. (HCI) and Skyward Specialty Insurance Group Inc. Common Stock (SKWD). 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.

	HCI	SKWD	Difference
Sharpe ratio Return per unit of total volatility	-0.32	-0.96	+0.64
Sortino ratio Return per unit of downside risk	-0.26	-1.32	+1.06
Omega ratio Gain probability vs. loss probability	0.97	0.85	+0.12
Calmar ratio Return relative to maximum drawdown	-0.33	-0.83	+0.51
Martin ratio Return relative to average drawdown	-0.54	-1.15	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCI vs. SKWD - Sharpe Ratio Comparison

The current HCI Sharpe Ratio is -0.32, which is higher than the SKWD Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of HCI and SKWD, 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

	HCI	SKWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	-0.96	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.83	-0.29

Drawdowns

HCI vs. SKWD - Drawdown Comparison

The maximum HCI drawdown since its inception was -78.79%, which is greater than SKWD's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for HCI and SKWD.

Drawdown Indicators

	HCI	SKWD	Difference
Max Drawdown Largest peak-to-trough decline	-78.79%	-36.52%	-42.27%
Max Drawdown (1Y) Largest decline over 1 year	-27.46%	-36.35%	+8.89%
Max Drawdown (3Y) Largest decline over 3 years	-28.30%	-36.52%	+8.22%
Max Drawdown (5Y) Largest decline over 5 years	-78.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.79%	—	—
Current Drawdown Current decline from peak	-25.72%	-32.15%	+6.43%
Average Drawdown Average peak-to-trough decline	-20.55%	-10.86%	-9.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.66%	26.38%	-9.72%

Volatility

HCI vs. SKWD - Volatility Comparison

The current volatility for HCI Group, Inc. (HCI) is 7.09%, while Skyward Specialty Insurance Group Inc. Common Stock (SKWD) has a volatility of 10.32%. This indicates that HCI experiences smaller price fluctuations and is considered to be less risky than SKWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCI	SKWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	10.32%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	21.08%	24.83%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	31.96%	33.73%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.05%	33.89%	+9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.57%	33.89%	+7.68%

Dividends

HCI vs. SKWD - Dividend Comparison

HCI's dividend yield for the trailing twelve months is around 1.05%, while SKWD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCI HCI Group, Inc.	1.05%	0.83%	1.37%	1.83%	4.04%	1.92%	3.06%	3.50%	2.90%	4.68%	3.04%	3.44%
SKWD Skyward Specialty Insurance Group Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

HCI vs. SKWD - Profitability Comparison

The chart below illustrates the profitability comparison between HCI Group, Inc. and Skyward Specialty Insurance Group Inc. Common Stock over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a gross profit of 177.28M and revenue of 242.88M. Therefore, the gross margin over that period was 73.0%.

SKWD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported a gross profit of 0.00 and revenue of 475.87M. Therefore, the gross margin over that period was 0.0%.

HCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported an operating income of 115.38M and revenue of 242.88M, resulting in an operating margin of 47.5%.

SKWD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported an operating income of 0.00 and revenue of 475.87M, resulting in an operating margin of 0.0%.

HCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a net income of 85.04M and revenue of 242.88M, resulting in a net margin of 35.0%.

SKWD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported a net income of 49.73M and revenue of 475.87M, resulting in a net margin of 10.5%.

Frequently Asked Questions

Can I hold both HCI and SKWD in my portfolio?

HCI and SKWD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HCI or SKWD?

SKWD has higher volatility (10.32%) compared to HCI (7.09%). In terms of maximum drawdown, HCI dropped -78.79% vs SKWD's -36.52%.

Which has better risk-adjusted returns?

HCI currently has the higher Sharpe Ratio (-0.32 vs -0.96), 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.