HLI vs. HOOD

Last updated Jun 9, 2026

HLI (Houlihan Lokey, Inc.) and HOOD (Robinhood Markets, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 3 years, HLI returned 16.12%/yr vs 108.29%/yr for HOOD. At a 0.38 correlation, their price movements are largely independent.

Performance

HLI vs. HOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Houlihan Lokey, Inc. (HLI) and Robinhood Markets, Inc. (HOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLI achieves a -20.61% return, which is significantly higher than HOOD's -24.81% return.

HLI

• 1D: -1.54%
• 1M: -9.87%
• YTD: -20.61%
• 6M: -21.92%
• 1Y: -21.42%
• 3Y*: 16.12%
• 5Y*: 14.31%
• 10Y*: 21.57%

HOOD

• 1D: 3.12%
• 1M: 10.40%
• YTD: -24.81%
• 6M: -37.67%
• 1Y: 13.57%
• 3Y*: 108.29%
• 5Y*: —
• 10Y*: —

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

HLI vs. HOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HLI Houlihan Lokey, Inc.	-20.61%	1.64%	47.04%	40.67%	-13.88%	17.73%
HOOD Robinhood Markets, Inc.	-24.81%	203.54%	192.46%	56.51%	-54.17%	-48.99%

Correlation

The correlation between HLI and HOOD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.38

The correlation between HLI and HOOD shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HLI : $9.33B HOOD : $77.81B
EPS HLI : $6.22 HOOD : $2.07
PE Ratio HLI : 22.06 HOOD : 41.10
PEG Ratio HLI : 6.82 HOOD : 0.00
PS Ratio HLI : 3.59 HOOD : 19.93
PB Ratio HLI : 3.98 HOOD : 8.03
Total Revenue (TTM) HLI : $2.62B HOOD : $3.91B
Gross Profit (TTM) HLI : $1.37B HOOD : $2.86B
EBITDA (TTM) HLI : $636.63M HOOD : $1.80B

Return for Risk

HLI vs. HOOD — Risk / Return Rank

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

HLI

HLI Risk / Return Rank: 13
HLI Sharpe Ratio Rank: 8
HLI Sortino Ratio Rank: 11
HLI Omega Ratio Rank: 11
HLI Calmar Ratio Rank: 19
HLI Martin Ratio Rank: 15

HOOD

HOOD Risk / Return Rank: 49
HOOD Sharpe Ratio Rank: 49
HOOD Sortino Ratio Rank: 51
HOOD Omega Ratio Rank: 48
HOOD Calmar Ratio Rank: 48
HOOD Martin Ratio Rank: 47

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.

HLI vs. HOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Houlihan Lokey, Inc. (HLI) and Robinhood Markets, Inc. (HOOD). 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.

	HLI	HOOD	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	0.20	-1.03
Sortino ratio: Return per unit of downside risk	-1.03	0.80	-1.83
Omega ratio: Gain probability vs. loss probability	0.87	1.09	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.64	0.24	-0.88
Martin ratio: Return relative to average drawdown	-1.22	0.44	-1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLI vs. HOOD - Sharpe Ratio Comparison

The current HLI Sharpe Ratio is -0.84, which is lower than the HOOD Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of HLI and HOOD, 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

	HLI	HOOD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	0.20	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.27	+0.49

Drawdowns

HLI vs. HOOD - Drawdown Comparison

The maximum HLI drawdown since its inception was -36.57%, smaller than the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for HLI and HOOD.

Drawdown Indicators

	HLI	HOOD	Difference
Max Drawdown Largest peak-to-trough decline	-36.57%	-90.21%	+53.64%
Max Drawdown (1Y) Largest decline over 1 year	-33.67%	-57.26%	+23.59%
Max Drawdown (3Y) Largest decline over 3 years	-33.67%	-57.26%	+23.59%
Max Drawdown (5Y) Largest decline over 5 years	-36.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.57%	—	—
Current Drawdown Current decline from peak	-33.67%	-44.22%	+10.55%
Average Drawdown Average peak-to-trough decline	-9.56%	-60.95%	+51.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.58%	31.25%	-13.67%

Volatility

HLI vs. HOOD - Volatility Comparison

The current volatility for Houlihan Lokey, Inc. (HLI) is 6.97%, while Robinhood Markets, Inc. (HOOD) has a volatility of 22.93%. This indicates that HLI experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLI	HOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	22.93%	-15.96%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	50.49%	-31.63%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	69.17%	-43.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.93%	74.04%	-46.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	74.04%	-47.18%

Dividends

HLI vs. HOOD - Dividend Comparison

HLI's dividend yield for the trailing twelve months is around 1.82%, while HOOD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLI Houlihan Lokey, Inc.	1.82%	1.36%	1.30%	1.82%	2.32%	1.56%	1.90%	2.46%	2.74%	1.76%	2.12%	0.57%
HOOD Robinhood Markets, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

HLI vs. HOOD - Profitability Comparison

The chart below illustrates the profitability comparison between Houlihan Lokey, Inc. and Robinhood Markets, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HLI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a gross profit of 201.88M and revenue of 635.64M. Therefore, the gross margin over that period was 31.8%.

HOOD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported a gross profit of 0.00 and revenue of 359.00M. Therefore, the gross margin over that period was 0.0%.

HLI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported an operating income of 125.15M and revenue of 635.64M, resulting in an operating margin of 19.7%.

HOOD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported an operating income of 0.00 and revenue of 359.00M, resulting in an operating margin of 0.0%.

HLI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a net income of 99.84M and revenue of 635.64M, resulting in a net margin of 15.7%.

HOOD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported a net income of 346.00M and revenue of 359.00M, resulting in a net margin of 96.4%.

Frequently Asked Questions

Can I hold both HLI and HOOD in my portfolio?

HLI and HOOD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLI or HOOD?

HOOD has higher volatility (22.93%) compared to HLI (6.97%). In terms of maximum drawdown, HLI dropped -36.57% vs HOOD's -90.21%.

Which has better risk-adjusted returns?

HOOD currently has the higher Sharpe Ratio (0.20 vs -0.84), 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.