HLMA.L vs. ASML.AS

Last updated Jun 9, 2026

HLMA.L (Halma plc) and ASML.AS (ASML Holding NV) are both stocks. HLMA.L operates in Conglomerates (Industrials), while ASML.AS operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, HLMA.L returned 18.37%/yr vs 35.25%/yr for ASML.AS. At a 0.44 correlation, their price movements are largely independent.

Performance

HLMA.L vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Halma plc (HLMA.L) and ASML Holding NV (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HLMA.L is traded in GBp, while ASML.AS is traded in EUR. To make them comparable, the ASML.AS values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HLMA.L achieves a 33.47% return, which is significantly lower than ASML.AS's 61.89% return. Over the past 10 years, HLMA.L has underperformed ASML.AS with an annualized return of 18.37%, while ASML.AS has yielded a comparatively higher 35.25% annualized return.

HLMA.L

• 1D: 1.24%
• 1M: 3.80%
• YTD: 33.47%
• 6M: 29.66%
• 1Y: 59.70%
• 3Y*: 26.08%
• 5Y*: 12.90%
• 10Y*: 18.37%

ASML.AS

• 1D: 0.94%
• 1M: 13.60%
• YTD: 61.89%
• 6M: 54.55%
• 1Y: 132.28%
• 3Y*: 31.74%
• 5Y*: 23.12%
• 10Y*: 35.25%

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

HLMA.L vs. ASML.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLMA.L Halma plc	33.47%	32.52%	18.70%	16.78%	-37.74%	31.48%	16.58%	56.35%	9.47%	42.10%
ASML.AS ASML Holding NV	61.89%	44.42%	-4.20%	33.94%	-24.10%	68.14%	60.70%	84.23%	-3.73%	43.32%

Correlation

The correlation between HLMA.L and ASML.AS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.44

Return for Risk

HLMA.L vs. ASML.AS — Risk / Return Rank

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

HLMA.L

HLMA.L Risk / Return Rank: 92
HLMA.L Sharpe Ratio Rank: 92
HLMA.L Sortino Ratio Rank: 92
HLMA.L Omega Ratio Rank: 90
HLMA.L Calmar Ratio Rank: 90
HLMA.L Martin Ratio Rank: 94

ASML.AS

ASML.AS Risk / Return Rank: 94
ASML.AS Sharpe Ratio Rank: 95
ASML.AS Sortino Ratio Rank: 93
ASML.AS Omega Ratio Rank: 92
ASML.AS Calmar Ratio Rank: 96
ASML.AS Martin Ratio Rank: 96

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.

HLMA.L vs. ASML.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Halma plc (HLMA.L) and ASML Holding NV (ASML.AS). 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.

	HLMA.L	ASML.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.40	3.44	-1.05
Sortino ratio: Return per unit of downside risk	3.36	3.80	-0.45
Omega ratio: Gain probability vs. loss probability	1.42	1.50	-0.08
Calmar ratio: Return relative to maximum drawdown	4.39	8.89	-4.50
Martin ratio: Return relative to average drawdown	17.18	22.05	-4.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLMA.L vs. ASML.AS - Sharpe Ratio Comparison

The current HLMA.L Sharpe Ratio is 2.40, which is lower than the ASML.AS Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of HLMA.L and ASML.AS, 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

	HLMA.L	ASML.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	3.44	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.60	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	1.02	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.80	-0.09

Drawdowns

HLMA.L vs. ASML.AS - Drawdown Comparison

The maximum HLMA.L drawdown since its inception was -42.86%, smaller than the maximum ASML.AS drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for HLMA.L and ASML.AS.

Drawdown Indicators

	HLMA.L	ASML.AS	Difference
Max Drawdown Largest peak-to-trough decline	-42.86%	-50.81%	+7.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-15.20%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-25.75%	-43.84%	+18.09%
Max Drawdown (5Y) Largest decline over 5 years	-42.86%	-46.27%	+3.41%
Max Drawdown (10Y) Largest decline over 10 years	-42.86%	-46.27%	+3.41%
Current Drawdown Current decline from peak	-3.20%	0.00%	-3.20%
Average Drawdown Average peak-to-trough decline	-10.17%	-12.19%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	6.17%	-2.71%

Volatility

HLMA.L vs. ASML.AS - Volatility Comparison

The current volatility for Halma plc (HLMA.L) is 8.81%, while ASML Holding NV (ASML.AS) has a volatility of 13.33%. This indicates that HLMA.L experiences smaller price fluctuations and is considered to be less risky than ASML.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLMA.L	ASML.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	13.33%	-4.52%
Volatility (6M) Calculated over the trailing 6-month period	19.91%	30.20%	-10.29%
Volatility (1Y) Calculated over the trailing 1-year period	24.85%	39.27%	-14.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	38.13%	-12.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.72%	33.86%	-9.14%

Dividends

HLMA.L vs. ASML.AS - Dividend Comparison

HLMA.L's dividend yield for the trailing twelve months is around 0.50%, which matches ASML.AS's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding NV	0.50%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
HLMA.L Halma plc	0.50%	0.67%	0.83%	0.91%	0.98%	0.57%	0.69%	0.76%	1.11%	1.12%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HLMA.L and ASML.AS in my portfolio?

HLMA.L and ASML.AS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.