HEI vs. CW
HEI (HEICO Corporation) and CW (Curtiss-Wright Corporation) are both stocks. Both are in the Industrials sector — HEI in Aerospace & Defense, CW in Specialty Industrial Machinery. Over the past 10 years, HEI returned 26.09%/yr vs 24.02%/yr for CW. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
HEI vs. CW - Performance Comparison
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Returns By Period
In the year-to-date period, HEI achieves a 10.21% return, which is significantly lower than CW's 31.42% return. Over the past 10 years, HEI has outperformed CW with an annualized return of 26.09%, while CW has yielded a comparatively lower 24.02% annualized return.
HEI
- 1D
- 0.62%
- 1M
- -1.58%
- 6M
- 7.73%
- YTD
- 10.21%
- 1Y
- 9.70%
- 3Y*
- 26.79%
- 5Y*
- 21.51%
- 10Y*
- 26.09%
- ALL TIME*
- 19.37%
CW
- 1D
- 1.02%
- 1M
- -4.77%
- 6M
- 10.33%
- YTD
- 31.42%
- 1Y
- 46.91%
- 3Y*
- 56.37%
- 5Y*
- 44.17%
- 10Y*
- 24.02%
- ALL TIME*
- 16.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $151.67M | $160.90M | $206.01M | |
| $152.74M | $152.85M | $203.68M |
HEI vs. CW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 10.21% | 36.22% | 33.05% | 16.56% | 6.67% | 9.06% | 16.16% | 47.54% | 28.51% | 53.04% |
CW Curtiss-Wright Corporation | 31.42% | 55.66% | 59.73% | 33.98% | 21.03% | 19.86% | -16.83% | 38.70% | -15.79% | 24.56% |
Correlation
The correlation between HEI and CW is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.43 |
The correlation between HEI and CW shifts across timeframes, from 0.43 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HEI:
$49.65B
CW:
$26.75B
HEI:
$5.60
CW:
$13.69
HEI:
63.65
CW:
52.89
HEI:
2.87
CW:
2.89
HEI:
10.23
CW:
7.50
HEI:
9.32
CW:
10.19
HEI:
$4.91B
CW:
$3.61B
HEI:
$943.00M
CW:
$1.34B
HEI:
$1.12B
CW:
$745.31M
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Return for Risk
HEI vs. CW — Risk / Return Rank
HEI
CW
HEI vs. CW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI) and Curtiss-Wright Corporation (CW). 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.
| HEI | CW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.37 | -3.03 |
| Martin ratioReturn relative to average drawdown | 0.81 | 9.71 | -8.90 |
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Drawdowns
HEI vs. CW - Drawdown Comparison
The maximum HEI drawdown since its inception was -75.50%, which is greater than CW's maximum drawdown of -59.19%. Use the drawdown chart below to compare losses from any high point for HEI and CW.
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Drawdown Indicators
| HEI | CW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.50% | -59.19% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -14.30% | -12.81% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -27.21% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -27.21% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -57.73% | -48.73% | -9.00% |
Current DrawdownCurrent decline from peak | -2.45% | -8.67% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -19.89% | -13.86% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 4.95% | +6.35% |
Volatility
HEI vs. CW - Volatility Comparison
The current volatility for HEICO Corporation (HEI) is 7.43%, while Curtiss-Wright Corporation (CW) has a volatility of 12.78%. This indicates that HEI experiences smaller price fluctuations and is considered to be less risky than CW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEI | CW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 12.78% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 27.14% | 27.31% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.76% | 34.97% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 28.23% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.68% | 30.49% | +0.19% |
Dividends
HEI vs. CW - Dividend Comparison
HEI's dividend yield for the trailing twelve months is around 0.07%, less than CW's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CW Curtiss-Wright Corporation | 0.14% | 0.17% | 0.23% | 0.35% | 0.45% | 0.51% | 0.58% | 0.47% | 0.59% | 0.46% | 0.53% | 0.76% |
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% |
Financials
HEI vs. CW - Financials Comparison
This section allows you to compare key financial metrics between HEICO Corporation and Curtiss-Wright 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
HEI vs. CW - Profitability Comparison
HEI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
CW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Curtiss-Wright Corporation reported a gross profit of 331.48M and revenue of 913.69M. Therefore, the gross margin over that period was 36.3%.
HEI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.
CW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Curtiss-Wright Corporation reported an operating income of 160.42M and revenue of 913.69M, resulting in an operating margin of 17.6%.
HEI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.
CW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Curtiss-Wright Corporation reported a net income of 128.19M and revenue of 913.69M, resulting in a net margin of 14.0%.
Frequently Asked Questions
HEI and CW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CW has higher volatility (12.78%) compared to HEI (7.43%). In terms of maximum drawdown, HEI dropped -75.50% vs CW's -59.19%.
CW currently has the higher Sharpe Ratio (1.38 vs 0.27), 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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