HMY vs. ARIS
HMY (Harmony Gold Mining Company Limited) and ARIS (Aris Water Solutions, Inc.) are both stocks. HMY operates in Gold (Basic Materials), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, HMY returned 57.56%/yr vs 82.13%/yr for ARIS. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
HMY vs. ARIS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HMY achieves a -22.61% return, which is significantly lower than ARIS's -10.29% return.
HMY
- 1D
- 0.60%
- 1M
- -0.66%
- 6M
- -25.56%
- YTD
- -22.61%
- 1Y
- 5.86%
- 3Y*
- 57.56%
- 5Y*
- 33.51%
- 10Y*
- 14.80%
ARIS
- 1D
- -1.29%
- 1M
- -3.58%
- 6M
- -12.61%
- YTD
- -10.29%
- 1Y
- 106.52%
- 3Y*
- 82.13%
- 5Y*
- —
- 10Y*
- —
HMY vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | -22.61% | 145.47% | 35.39% | 82.51% | -16.42% | 5.38% |
ARIS Aris Water Solutions, Inc. | -10.29% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between HMY and ARIS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.57 |
The correlation between HMY and ARIS has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
Fundamentals
HMY:
$9.54B
ARIS:
$3.01B
HMY:
ZAR 41.67
ARIS:
$0.85
HMY:
5.91
ARIS:
17.19
HMY:
0.02
ARIS:
0.34
HMY:
1.04
ARIS:
2.61
HMY:
3.00
ARIS:
1.94
HMY:
ZAR 150.28B
ARIS:
$1.14B
HMY:
ZAR 57.55B
ARIS:
$612.94M
HMY:
ZAR 55.56B
ARIS:
$432.53M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HMY vs. ARIS — Risk / Return Rank
HMY
ARIS
HMY vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and Aris Water Solutions, Inc. (ARIS). 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.
| HMY | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 3.71 | -3.56 |
| Martin ratioReturn relative to average drawdown | 0.32 | 10.23 | -9.91 |
Loading charts...
Drawdowns
HMY vs. ARIS - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.04%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for HMY and ARIS.
Loading charts...
Drawdown Indicators
| HMY | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -57.98% | -39.06% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -35.29% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -35.29% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -62.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.05% | — | — |
Current DrawdownCurrent decline from peak | -40.86% | -32.75% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -52.71% | -22.75% | -29.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 12.01% | +12.19% |
Volatility
HMY vs. ARIS - Volatility Comparison
The current volatility for Harmony Gold Mining Company Limited (HMY) is 20.73%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.89%. This indicates that HMY experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMY | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.73% | 21.89% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 50.42% | 47.67% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.50% | 61.12% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.97% | 53.45% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.10% | 53.45% | +7.65% |
Dividends
HMY vs. ARIS - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 2.66%, while ARIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMY Harmony Gold Mining Company Limited | 2.66% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
Financials
HMY vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Harmony Gold Mining Company Limited and Aris Water Solutions, 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
HMY vs. ARIS - Profitability Comparison
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
Frequently Asked Questions
HMY and ARIS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (21.89%) compared to HMY (20.73%). In terms of maximum drawdown, HMY dropped -97.04% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (2.14 vs 0.12), 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.
Find the right allocation for HMY and ARIS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer