HE vs. VT
HE (Hawaiian Electric Industries, Inc.) is a stock, while VT (Vanguard Total World Stock ETF) is Global Equities fund tracking the FTSE Global All Cap Index. Over the past 10 years, HE returned -6.83%/yr vs 13.20%/yr for VT. At a 0.37 correlation, their price movements are largely independent.
Performance
HE vs. VT - Performance Comparison
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Returns By Period
In the year-to-date period, HE achieves a 4.72% return, which is significantly lower than VT's 12.36% return. Over the past 10 years, HE has underperformed VT with an annualized return of -6.83%, while VT has yielded a comparatively higher 13.20% annualized return.
HE
- 1D
- -1.08%
- 1M
- -5.78%
- YTD
- 4.72%
- 6M
- 9.62%
- 1Y
- 24.08%
- 3Y*
- -28.49%
- 5Y*
- -19.47%
- 10Y*
- -6.83%
VT
- 1D
- -0.06%
- 1M
- 1.64%
- YTD
- 12.36%
- 6M
- 12.14%
- 1Y
- 29.57%
- 3Y*
- 20.75%
- 5Y*
- 11.13%
- 10Y*
- 13.20%
HE vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HE Hawaiian Electric Industries, Inc. | 4.72% | 26.41% | -31.43% | -64.58% | 4.31% | 21.27% | -21.90% | 31.91% | 4.97% | 13.42% |
VT Vanguard Total World Stock ETF | 12.36% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
Correlation
The correlation between HE and VT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2008 | 0.37 |
The correlation between HE and VT shifts across timeframes, from 0.21 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HE vs. VT — Risk / Return Rank
HE
VT
HE vs. VT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hawaiian Electric Industries, Inc. (HE) and Vanguard Total World Stock ETF (VT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HE | VT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.07 | -2.09 |
| Martin ratioReturn relative to average drawdown | 2.19 | 13.35 | -11.16 |
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Drawdowns
HE vs. VT - Drawdown Comparison
The maximum HE drawdown since its inception was -83.34%, which is greater than VT's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for HE and VT.
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Drawdown Indicators
| HE | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.34% | -50.27% | -33.07% |
Max Drawdown (1Y)Largest decline over 1 year | -24.59% | -9.67% | -14.92% |
Max Drawdown (3Y)Largest decline over 3 years | -80.01% | -16.51% | -63.50% |
Max Drawdown (5Y)Largest decline over 5 years | -81.39% | -26.38% | -55.01% |
Max Drawdown (10Y)Largest decline over 10 years | -83.34% | -34.24% | -49.10% |
Current DrawdownCurrent decline from peak | -72.27% | -0.77% | -71.50% |
Average DrawdownAverage peak-to-trough decline | -14.25% | -7.00% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.04% | 2.22% | +8.82% |
Volatility
HE vs. VT - Volatility Comparison
Hawaiian Electric Industries, Inc. (HE) has a higher volatility of 6.04% compared to Vanguard Total World Stock ETF (VT) at 5.23%. This indicates that HE's price experiences larger fluctuations and is considered to be riskier than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HE | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.23% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.69% | 11.12% | +14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 13.44% | +19.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.46% | 16.16% | +37.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.84% | 17.27% | +24.57% |
Dividends
HE vs. VT - Dividend Comparison
HE has not paid dividends to shareholders, while VT's dividend yield for the trailing twelve months is around 1.58%.
| Position | 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% |
VT Vanguard Total World Stock ETF | 1.58% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Frequently Asked Questions
HE and VT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HE has higher volatility (6.04%) compared to VT (5.23%). In terms of maximum drawdown, HE dropped -83.34% vs VT's -50.27%.
VT currently has the higher Sharpe Ratio (2.21 vs 0.74), 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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