HEI-A vs. KLAC

Last updated Jun 3, 2026

HEI-A (HEICO Corporation) and KLAC (KLA Corporation) are both stocks. HEI-A operates in Aerospace & Defense (Industrials), while KLAC operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, HEI-A returned 24.48%/yr vs 41.85%/yr for KLAC. At a 0.34 correlation, their price movements are largely independent.

Performance

HEI-A vs. KLAC - Performance Comparison

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

Returns By Period

In the year-to-date period, HEI-A achieves a -2.99% return, which is significantly lower than KLAC's 68.75% return. Over the past 10 years, HEI-A has underperformed KLAC with an annualized return of 24.48%, while KLAC has yielded a comparatively higher 41.85% annualized return.

HEI-A

• 1D: -0.47%
• 1M: 16.96%
• YTD: -2.99%
• 6M: 1.58%
• 1Y: 3.76%
• 3Y*: 24.02%
• 5Y*: 13.02%
• 10Y*: 24.48%

KLAC

• 1D: 5.42%
• 1M: 18.63%
• YTD: 68.75%
• 6M: 72.33%
• 1Y: 169.97%
• 3Y*: 66.07%
• 5Y*: 47.44%
• 10Y*: 41.85%

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

HEI-A vs. KLAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEI-A HEICO Corporation	-2.99%	35.80%	30.81%	19.03%	-6.60%	9.94%	30.98%	42.21%	24.78%	45.72%
KLAC KLA Corporation	68.75%	94.48%	9.36%	56.05%	-11.20%	68.05%	47.94%	103.99%	-12.49%	36.80%

Correlation

The correlation between HEI-A and KLAC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.34

Fundamentals

Market Cap HEI-A : $34.52B KLAC : $270.12B
EPS HEI-A : $5.60 KLAC : $35.29
PE Ratio HEI-A : 43.71 KLAC : 57.95
PEG Ratio HEI-A : 1.97 KLAC : 2.16
PS Ratio HEI-A : 7.03 KLAC : 20.67
PB Ratio HEI-A : 6.40 KLAC : 46.33
Total Revenue (TTM) HEI-A : $4.91B KLAC : $13.10B
Gross Profit (TTM) HEI-A : $943.00M KLAC : $8.09B
EBITDA (TTM) HEI-A : $1.12B KLAC : $5.77B

Return for Risk

HEI-A vs. KLAC — 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: 45
HEI-A Sortino Ratio Rank: 39
HEI-A Omega Ratio Rank: 39
HEI-A Calmar Ratio Rank: 43
HEI-A Martin Ratio Rank: 44

KLAC

KLAC Risk / Return Rank: 95
KLAC Sharpe Ratio Rank: 97
KLAC Sortino Ratio Rank: 92
KLAC Omega Ratio Rank: 93
KLAC Calmar Ratio Rank: 95
KLAC Martin Ratio Rank: 97

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. KLAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI-A) and KLA Corporation (KLAC). 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	KLAC	Difference
Sharpe ratio Return per unit of total volatility	0.12	3.75	-3.62
Sortino ratio Return per unit of downside risk	0.42	3.60	-3.18
Omega ratio Gain probability vs. loss probability	1.05	1.52	-0.47
Calmar ratio Return relative to maximum drawdown	0.14	7.67	-7.53
Martin ratio Return relative to average drawdown	0.34	24.54	-24.21
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. KLAC - Sharpe Ratio Comparison

The current HEI-A Sharpe Ratio is 0.12, which is lower than the KLAC Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of HEI-A and KLAC, 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	KLAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	3.75	-3.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	1.11	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	1.01	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.45	+0.38

Drawdowns

HEI-A vs. KLAC - Drawdown Comparison

The maximum HEI-A drawdown since its inception was -49.70%, smaller than the maximum KLAC drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for HEI-A and KLAC.

Drawdown Indicators

	HEI-A	KLAC	Difference
Max Drawdown Largest peak-to-trough decline	-49.70%	-83.74%	+34.04%
Max Drawdown (1Y) Largest decline over 1 year	-27.11%	-22.41%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-27.11%	-34.95%	+7.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-40.28%	+13.17%
Max Drawdown (10Y) Largest decline over 10 years	-49.70%	-40.28%	-9.42%
Current Drawdown Current decline from peak	-11.36%	0.00%	-11.36%
Average Drawdown Average peak-to-trough decline	-7.66%	-29.35%	+21.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	7.01%	+4.55%

Volatility

HEI-A vs. KLAC - Volatility Comparison

HEICO Corporation (HEI-A) and KLA Corporation (KLAC) have volatilities of 14.81% and 14.78%, 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	KLAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	14.78%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	24.29%	37.74%	-13.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.80%	45.67%	-14.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	43.06%	-15.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.55%	41.42%	-10.87%

Dividends

HEI-A vs. KLAC - Dividend Comparison

HEI-A's dividend yield for the trailing twelve months is around 0.10%, less than KLAC's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KLAC KLA Corporation	0.39%	0.61%	0.96%	0.92%	1.25%	0.91%	1.35%	1.74%	3.17%	2.15%	2.67%	2.94%

Financials

HEI-A vs. KLAC - Profitability Comparison

The chart below illustrates the profitability comparison between HEICO Corporation and KLA 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%.

KLAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a gross profit of 2.09B and revenue of 3.42B. Therefore, the gross margin over that period was 61.1%.

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%.

KLAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported an operating income of 1.41B and revenue of 3.42B, resulting in an operating margin of 41.2%.

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%.

KLAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a net income of 1.20B and revenue of 3.42B, resulting in a net margin of 35.2%.

Frequently Asked Questions

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

HEI-A and KLAC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEI-A or KLAC?

HEI-A has higher volatility (14.81%) compared to KLAC (14.78%). In terms of maximum drawdown, HEI-A dropped -49.70% vs KLAC's -83.74%.

Which has better risk-adjusted returns?

KLAC currently has the higher Sharpe Ratio (3.75 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.