HMN vs. SLM

Last updated Jun 4, 2026

HMN (Horace Mann Educators Corporation) and SLM (SLM Corporation) are both stocks. Both are in the Financial Services sector — HMN in Insurance - Property & Casualty, SLM in Credit Services. Over the past 10 years, HMN returned 6.30%/yr vs 13.40%/yr for SLM. At a 0.32 correlation, their price movements are largely independent.

Performance

HMN vs. SLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horace Mann Educators Corporation (HMN) and SLM Corporation (SLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HMN achieves a -1.07% return, which is significantly higher than SLM's -19.57% return. Over the past 10 years, HMN has underperformed SLM with an annualized return of 6.30%, while SLM has yielded a comparatively higher 13.40% annualized return.

HMN

• 1D: -1.67%
• 1M: -0.57%
• YTD: -1.07%
• 6M: 3.11%
• 1Y: 7.43%
• 3Y*: 17.48%
• 5Y*: 6.41%
• 10Y*: 6.30%

SLM

• 1D: -1.95%
• 1M: -3.95%
• YTD: -19.57%
• 6M: -27.38%
• 1Y: -32.54%
• 3Y*: 12.18%
• 5Y*: 3.86%
• 10Y*: 13.40%

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

HMN vs. SLM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HMN Horace Mann Educators Corporation	-1.07%	21.51%	24.62%	-8.77%	-0.07%	-5.03%	-0.63%	19.80%	-12.79%	5.88%
SLM SLM Corporation	-19.57%	-0.20%	47.25%	18.70%	-13.47%	60.54%	40.89%	8.60%	-26.46%	2.54%

Correlation

The correlation between HMN and SLM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 18, 1991	0.32

The correlation between HMN and SLM shifts across timeframes, from 0.17 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HMN : $1.87B SLM : $4.28B
EPS HMN : $3.98 SLM : $3.63
PE Ratio HMN : 11.39 SLM : 5.96
PEG Ratio HMN : 0.20 SLM : 0.90
PS Ratio HMN : 1.13 SLM : 1.98
PB Ratio HMN : 1.27 SLM : 1.76
Total Revenue (TTM) HMN : $1.66B SLM : $2.25B
Gross Profit (TTM) HMN : $869.90M SLM : $1.09B
EBITDA (TTM) HMN : $201.30M SLM : $599.19M

Return for Risk

HMN vs. SLM — Risk / Return Rank

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

HMN

HMN Risk / Return Rank: 51
HMN Sharpe Ratio Rank: 54
HMN Sortino Ratio Rank: 45
HMN Omega Ratio Rank: 44
HMN Calmar Ratio Rank: 56
HMN Martin Ratio Rank: 57

SLM

SLM Risk / Return Rank: 10
SLM Sharpe Ratio Rank: 7
SLM Sortino Ratio Rank: 10
SLM Omega Ratio Rank: 9
SLM Calmar Ratio Rank: 14
SLM Martin Ratio Rank: 10

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.

HMN vs. SLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horace Mann Educators Corporation (HMN) and SLM Corporation (SLM). 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.

	HMN	SLM	Difference
Sharpe ratio Return per unit of total volatility	0.37	-0.88	+1.25
Sortino ratio Return per unit of downside risk	0.64	-1.04	+1.68
Omega ratio Gain probability vs. loss probability	1.08	0.85	+0.23
Calmar ratio Return relative to maximum drawdown	0.70	-0.72	+1.42
Martin ratio Return relative to average drawdown	1.45	-1.34	+2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HMN vs. SLM - Sharpe Ratio Comparison

The current HMN Sharpe Ratio is 0.37, which is higher than the SLM Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of HMN and SLM, 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

	HMN	SLM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.88	+1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.11	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.36	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.24	-0.02

Drawdowns

HMN vs. SLM - Drawdown Comparison

The maximum HMN drawdown since its inception was -81.68%, smaller than the maximum SLM drawdown of -94.50%. Use the drawdown chart below to compare losses from any high point for HMN and SLM.

Drawdown Indicators

	HMN	SLM	Difference
Max Drawdown Largest peak-to-trough decline	-81.68%	-94.50%	+12.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-45.06%	+34.33%
Max Drawdown (3Y) Largest decline over 3 years	-17.14%	-45.06%	+27.92%
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	-45.06%	+13.97%
Max Drawdown (10Y) Largest decline over 10 years	-33.47%	-51.79%	+18.32%
Current Drawdown Current decline from peak	-4.93%	-36.19%	+31.26%
Average Drawdown Average peak-to-trough decline	-24.45%	-29.89%	+5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	24.28%	-19.15%

Volatility

HMN vs. SLM - Volatility Comparison

The current volatility for Horace Mann Educators Corporation (HMN) is 5.75%, while SLM Corporation (SLM) has a volatility of 7.55%. This indicates that HMN experiences smaller price fluctuations and is considered to be less risky than SLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMN	SLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	7.55%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	32.13%	-18.04%
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	36.99%	-16.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.07%	35.79%	-11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.30%	36.87%	-9.57%

Dividends

HMN vs. SLM - Dividend Comparison

HMN's dividend yield for the trailing twelve months is around 3.11%, more than SLM's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HMN Horace Mann Educators Corporation	3.11%	3.03%	3.47%	4.04%	3.43%	3.20%	2.85%	2.63%	3.04%	2.49%	2.48%	3.01%
SLM SLM Corporation	2.41%	1.92%	1.67%	2.30%	2.65%	1.02%	0.97%	1.35%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HMN and SLM in my portfolio?

HMN and SLM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HMN or SLM?

SLM has higher volatility (7.55%) compared to HMN (5.75%). In terms of maximum drawdown, HMN dropped -81.68% vs SLM's -94.50%.

Which has better risk-adjusted returns?

HMN currently has the higher Sharpe Ratio (0.37 vs -0.88), 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.