HLI vs. WMT
HLI (Houlihan Lokey, Inc.) and WMT (Walmart Inc.) are both stocks. HLI operates in Capital Markets (Financial Services), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, HLI returned 21.76%/yr vs 19.77%/yr for WMT. At a 0.17 correlation, their price movements are largely independent.
Performance
HLI vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, HLI achieves a -20.15% return, which is significantly lower than WMT's 9.07% return. Over the past 10 years, HLI has outperformed WMT with an annualized return of 21.76%, while WMT has yielded a comparatively lower 19.77% annualized return.
HLI
- 1D
- 1.67%
- 1M
- -8.19%
- YTD
- -20.15%
- 6M
- -22.50%
- 1Y
- -18.32%
- 3Y*
- 16.18%
- 5Y*
- 13.63%
- 10Y*
- 21.76%
WMT
- 1D
- 0.45%
- 1M
- -7.92%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 29.24%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
HLI vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLI Houlihan Lokey, Inc. | -20.15% | 1.64% | 47.04% | 40.67% | -13.88% | 57.04% | 40.61% | 36.33% | -17.20% | 49.30% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between HLI and WMT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2015 | 0.17 |
The correlation between HLI and WMT shifts across timeframes, from -0.03 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HLI:
$9.39B
WMT:
$968.20B
HLI:
$6.22
WMT:
$2.88
HLI:
22.19
WMT:
42.04
HLI:
6.86
WMT:
2.75
HLI:
3.61
WMT:
1.34
HLI:
4.01
WMT:
10.26
HLI:
$2.62B
WMT:
$725.31B
HLI:
$1.37B
WMT:
$181.16B
HLI:
$636.63M
WMT:
$44.32B
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Return for Risk
HLI vs. WMT — Risk / Return Rank
HLI
WMT
HLI vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Houlihan Lokey, Inc. (HLI) and Walmart Inc. (WMT). 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.
| HLI | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.23 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.83 | -2.42 |
| Martin ratioReturn relative to average drawdown | -1.12 | 5.82 | -6.94 |
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Drawdowns
HLI vs. WMT - Drawdown Comparison
The maximum HLI drawdown since its inception was -36.57%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for HLI and WMT.
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Drawdown Indicators
| HLI | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.57% | -77.14% | +40.57% |
Max Drawdown (1Y)Largest decline over 1 year | -34.38% | -15.75% | -18.63% |
Max Drawdown (3Y)Largest decline over 3 years | -34.38% | -21.93% | -12.45% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -25.74% | -10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -25.74% | -10.83% |
Current DrawdownCurrent decline from peak | -33.28% | -9.81% | -23.47% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -14.63% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 4.94% | +13.13% |
Volatility
HLI vs. WMT - Volatility Comparison
The current volatility for Houlihan Lokey, Inc. (HLI) is 8.26%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that HLI experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLI | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 9.86% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 19.38% | 18.49% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 23.67% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 21.68% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 21.73% | +5.16% |
Dividends
HLI vs. WMT - Dividend Comparison
HLI's dividend yield for the trailing twelve months is around 1.81%, more than WMT's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLI Houlihan Lokey, Inc. | 1.81% | 1.36% | 1.30% | 1.82% | 2.32% | 1.56% | 1.90% | 2.46% | 2.74% | 1.76% | 2.12% | 0.57% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
HLI vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between Houlihan Lokey, Inc. and Walmart Inc.. 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
HLI vs. WMT - Profitability Comparison
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%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
HLI and WMT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to HLI (8.26%). In terms of maximum drawdown, HLI dropped -36.57% vs WMT's -77.14%.
WMT currently has the higher Sharpe Ratio (1.22 vs -0.78), 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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