HEI-A vs. HEI

Last updated Jun 4, 2026

HEI-A (HEICO Corporation) and HEI (HEICO Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, HEI-A returned 24.35%/yr vs 25.76%/yr for HEI. Their correlation of 0.91 suggests significant overlap in exposure.

Performance

HEI-A vs. HEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HEICO Corporation (HEI-A) and HEICO Corporation (HEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEI-A achieves a -3.98% return, which is significantly lower than HEI's 1.74% return. Over the past 10 years, HEI-A has underperformed HEI with an annualized return of 24.35%, while HEI has yielded a comparatively higher 25.76% annualized return.

HEI-A

• 1D: -1.03%
• 1M: 15.58%
• YTD: -3.98%
• 6M: -0.09%
• 1Y: 3.53%
• 3Y*: 23.59%
• 5Y*: 12.37%
• 10Y*: 24.35%

HEI

• 1D: -0.91%
• 1M: 22.11%
• YTD: 1.74%
• 6M: 6.39%
• 1Y: 10.34%
• 3Y*: 26.77%
• 5Y*: 17.65%
• 10Y*: 25.76%

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

HEI-A vs. HEI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEI-A HEICO Corporation	-3.98%	35.80%	30.81%	19.03%	-6.60%	9.94%	30.98%	42.21%	24.78%	45.72%
HEI HEICO Corporation	1.74%	36.22%	33.05%	16.56%	6.67%	9.06%	16.16%	47.54%	28.51%	53.04%

Correlation

The correlation between HEI-A and HEI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.91

The correlation between HEI-A and HEI has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Fundamentals

Market Cap HEI-A : $34.17B HEI : $46.42B
EPS HEI-A : $5.60 HEI : $5.60
PE Ratio HEI-A : 43.27 HEI : 58.78
PEG Ratio HEI-A : 1.95 HEI : 2.65
PS Ratio HEI-A : 6.96 HEI : 9.45
PB Ratio HEI-A : 6.34 HEI : 8.61
Total Revenue (TTM) HEI-A : $4.91B HEI : $4.91B
Gross Profit (TTM) HEI-A : $943.00M HEI : $943.00M
EBITDA (TTM) HEI-A : $1.12B HEI : $1.12B

Return for Risk

HEI-A vs. HEI — Risk / Return Rank

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

HEI-A

HEI-A Risk / Return Rank: 42
HEI-A Sharpe Ratio Rank: 44
HEI-A Sortino Ratio Rank: 40
HEI-A Omega Ratio Rank: 40
HEI-A Calmar Ratio Rank: 43
HEI-A Martin Ratio Rank: 43

HEI

HEI Risk / Return Rank: 49
HEI Sharpe Ratio Rank: 52
HEI Sortino Ratio Rank: 46
HEI Omega Ratio Rank: 46
HEI Calmar Ratio Rank: 49
HEI Martin Ratio Rank: 50

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.

HEI-A vs. HEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI-A) and HEICO Corporation (HEI). 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.

	HEI-A	HEI	Difference
Sharpe ratio Return per unit of total volatility	0.12	0.32	-0.20
Sortino ratio Return per unit of downside risk	0.41	0.70	-0.29
Omega ratio Gain probability vs. loss probability	1.05	1.09	-0.04
Calmar ratio Return relative to maximum drawdown	0.13	0.38	-0.25
Martin ratio Return relative to average drawdown	0.31	0.93	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEI-A vs. HEI - Sharpe Ratio Comparison

The current HEI-A Sharpe Ratio is 0.12, which is lower than the HEI Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of HEI-A and HEI, 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

	HEI-A	HEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.32	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.64	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.84	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.51	+0.31

Drawdowns

HEI-A vs. HEI - Drawdown Comparison

The maximum HEI-A drawdown since its inception was -49.70%, smaller than the maximum HEI drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for HEI-A and HEI.

Drawdown Indicators

	HEI-A	HEI	Difference
Max Drawdown Largest peak-to-trough decline	-49.70%	-75.50%	+25.80%
Max Drawdown (1Y) Largest decline over 1 year	-27.11%	-27.11%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-27.11%	-27.11%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-27.11%	0.00%
Max Drawdown (10Y) Largest decline over 10 years	-49.70%	-57.73%	+8.03%
Current Drawdown Current decline from peak	-12.27%	-8.08%	-4.19%
Average Drawdown Average peak-to-trough decline	-7.66%	-19.96%	+12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.58%	11.10%	+0.48%

Volatility

HEI-A vs. HEI - Volatility Comparison

HEICO Corporation (HEI-A) and HEICO Corporation (HEI) have volatilities of 14.91% and 14.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEI-A	HEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.91%	14.97%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	24.26%	27.14%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	30.81%	32.64%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	27.58%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.54%	30.60%	-0.06%

Dividends

HEI-A vs. HEI - Dividend Comparison

HEI-A's dividend yield for the trailing twelve months is around 0.10%, more than HEI's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEI HEICO Corporation	0.07%	0.07%	0.09%	0.11%	0.12%	0.12%	0.12%	0.12%	0.14%	0.08%	0.22%	0.28%
HEI-A HEICO Corporation	0.10%	0.09%	0.11%	0.14%	0.15%	0.13%	0.14%	0.08%	0.18%	0.10%	0.25%	0.00%

Financials

HEI-A vs. HEI - Profitability Comparison

The chart below illustrates the profitability comparison between HEICO Corporation and HEICO Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HEI-A - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.

HEI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.

HEI-A - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.

HEI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.

HEI-A - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.

HEI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.

Frequently Asked Questions

Can I hold both HEI-A and HEI in my portfolio?

With a correlation of 0.96, HEI-A and HEI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HEI-A or HEI?

HEI has higher volatility (14.97%) compared to HEI-A (14.91%). In terms of maximum drawdown, HEI-A dropped -49.70% vs HEI's -75.50%.

Which has better risk-adjusted returns?

HEI currently has the higher Sharpe Ratio (0.32 vs 0.12), 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.