HE vs. AES
Compare and contrast key facts about Hawaiian Electric Industries, Inc. (HE) and The AES Corporation (AES).
Performance
HE vs. AES - Performance Comparison
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HE vs. AES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HE Hawaiian Electric Industries, Inc. | 20.65% | 26.41% | -31.43% | -64.58% | 4.31% | 21.27% | -21.90% | 31.91% | 4.97% | 13.42% |
AES The AES Corporation | -0.58% | 18.26% | -30.40% | -30.88% | 21.69% | 5.94% | 22.16% | 42.14% | 39.02% | -2.69% |
Fundamentals
HE:
$0.10
AES:
$1.91
HE:
149.53
AES:
7.36
HE:
0.93
AES:
0.44
HE:
$2.77B
AES:
$15.16B
HE:
$230.56M
AES:
$5.45B
HE:
$566.27M
AES:
$4.56B
Returns By Period
In the year-to-date period, HE achieves a 20.65% return, which is significantly higher than AES's -0.58% return. Over the past 10 years, HE has underperformed AES with an annualized return of -5.04%, while AES has yielded a comparatively higher 5.87% annualized return.
HE
- 1D
- 0.61%
- 1M
- -4.20%
- YTD
- 20.65%
- 6M
- 34.42%
- 1Y
- 35.53%
- 3Y*
- -26.31%
- 5Y*
- -18.14%
- 10Y*
- -5.04%
AES
- 1D
- 0.50%
- 1M
- -18.46%
- YTD
- -0.58%
- 6M
- 9.71%
- 1Y
- 19.93%
- 3Y*
- -12.44%
- 5Y*
- -8.86%
- 10Y*
- 5.87%
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Return for Risk
HE vs. AES — Risk / Return Rank
HE
AES
HE vs. AES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hawaiian Electric Industries, Inc. (HE) and The AES Corporation (AES). 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.
| HE | AES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.40 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.92 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.86 | +1.03 |
Martin ratioReturn relative to average drawdown | 4.14 | 1.88 | +2.26 |
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
| HE | AES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.40 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.23 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.16 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.13 | +0.08 |
Correlation
The correlation between HE and AES is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HE vs. AES - Dividend Comparison
HE has not paid dividends to shareholders, while AES's dividend yield for the trailing twelve months is around 5.00%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HE Hawaiian Electric Industries, Inc. | 0.00% | 0.00% | 0.00% | 7.61% | 3.35% | 3.28% | 3.73% | 2.73% | 3.39% | 3.43% | 3.75% | 4.28% |
AES The AES Corporation | 5.00% | 4.91% | 5.36% | 3.45% | 2.20% | 2.48% | 2.44% | 2.74% | 3.60% | 4.43% | 3.79% | 4.18% |
Drawdowns
HE vs. AES - Drawdown Comparison
The maximum HE drawdown since its inception was -83.34%, smaller than the maximum AES drawdown of -98.65%. Use the drawdown chart below to compare losses from any high point for HE and AES.
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Drawdown Indicators
| HE | AES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.34% | -98.65% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.68% | -23.27% | +5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -81.39% | -63.43% | -17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -83.34% | -63.43% | -19.91% |
Current DrawdownCurrent decline from peak | -68.06% | -64.05% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -56.99% | +43.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 10.66% | -2.58% |
Volatility
HE vs. AES - Volatility Comparison
Hawaiian Electric Industries, Inc. (HE) has a higher volatility of 8.28% compared to The AES Corporation (AES) at 1.54%. This indicates that HE's price experiences larger fluctuations and is considered to be riskier than AES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HE | AES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 1.54% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 25.45% | 32.76% | -7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.25% | 49.97% | -15.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.26% | 38.05% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.67% | 36.18% | +5.49% |
Financials
HE vs. AES - Financials Comparison
This section allows you to compare key financial metrics between Hawaiian Electric Industries, Inc. and The AES Corporation. 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
HE vs. AES - Profitability Comparison
HE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hawaiian Electric Industries, Inc. reported a gross profit of 52.05M and revenue of 790.61M. Therefore, the gross margin over that period was 6.6%.
AES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The AES Corporation reported a gross profit of 3.82B and revenue of 6.03B. Therefore, the gross margin over that period was 63.4%.
HE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hawaiian Electric Industries, Inc. reported an operating income of 52.05M and revenue of 790.61M, resulting in an operating margin of 6.6%.
AES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The AES Corporation reported an operating income of -1.12B and revenue of 6.03B, resulting in an operating margin of -18.6%.
HE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hawaiian Electric Industries, Inc. reported a net income of 31.22M and revenue of 790.61M, resulting in a net margin of 4.0%.
AES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The AES Corporation reported a net income of 335.00M and revenue of 6.03B, resulting in a net margin of 5.6%.