HMY vs. IAG.L
HMY (Harmony Gold Mining Company Limited) and IAG.L (International Consolidated Airlines Group S.A) are both stocks. HMY operates in Gold (Basic Materials), while IAG.L operates in Airlines (Industrials). Over the past 10 years, HMY returned 17.69%/yr vs 11.75%/yr for IAG.L. At a 0.06 correlation, their price movements are largely independent.
Performance
HMY vs. IAG.L - Performance Comparison
Loading charts...
Different Trading Currencies
HMY is traded in USD, while IAG.L is traded in GBp. To make them comparable, the IAG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMY achieves a -18.77% return, which is significantly lower than IAG.L's 4.81% return. Over the past 10 years, HMY has outperformed IAG.L with an annualized return of 17.69%, while IAG.L has yielded a comparatively lower 11.75% annualized return.
HMY
- 1D
- 4.27%
- 1M
- -8.69%
- YTD
- -18.77%
- 6M
- -20.76%
- 1Y
- 8.23%
- 3Y*
- 55.21%
- 5Y*
- 29.67%
- 10Y*
- 17.69%
IAG.L
- 1D
- 6.90%
- 1M
- 10.36%
- YTD
- 4.81%
- 6M
- 8.29%
- 1Y
- 34.04%
- 3Y*
- 42.66%
- 5Y*
- 16.18%
- 10Y*
- 11.75%
HMY vs. IAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | -18.77% | 145.47% | 35.39% | 82.51% | -16.42% | -10.25% | 28.93% | 102.79% | -4.28% | -12.94% |
IAG.L International Consolidated Airlines Group S.A | 4.81% | 51.54% | 93.76% | 31.76% | -22.37% | -11.65% | -40.06% | 25.46% | -3.72% | 71.75% |
Correlation
The correlation between HMY and IAG.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.06 |
The correlation between HMY and IAG.L shifts across timeframes, from 0.06 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HMY:
$9.49B
IAG.L:
£21.74B
HMY:
ZAR 41.64
IAG.L:
€0.98
HMY:
0.36
IAG.L:
5.14
HMY:
0.00
IAG.L:
0.04
HMY:
0.06
IAG.L:
0.57
HMY:
0.18
IAG.L:
3.31
HMY:
ZAR 150.28B
IAG.L:
€42.52B
HMY:
ZAR 57.55B
IAG.L:
€9.71B
HMY:
ZAR 55.56B
IAG.L:
€8.77B
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. IAG.L — Risk / Return Rank
HMY
IAG.L
HMY vs. IAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and International Consolidated Airlines Group S.A (IAG.L). 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 | IAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.33 | -1.15 |
| Martin ratioReturn relative to average drawdown | 0.40 | 3.47 | -3.07 |
Loading charts...
Drawdowns
HMY vs. IAG.L - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.04%, which is greater than IAG.L's maximum drawdown of -82.11%. Use the drawdown chart below to compare losses from any high point for HMY and IAG.L.
Loading charts...
Drawdown Indicators
| HMY | IAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -82.11% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -25.43% | -23.42% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -37.13% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -62.48% | -62.26% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -71.05% | -76.52% | +5.47% |
Current DrawdownCurrent decline from peak | -37.92% | -5.23% | -32.69% |
Average DrawdownAverage peak-to-trough decline | -52.74% | -38.79% | -13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 9.78% | +12.20% |
Volatility
HMY vs. IAG.L - Volatility Comparison
Harmony Gold Mining Company Limited (HMY) has a higher volatility of 21.33% compared to International Consolidated Airlines Group S.A (IAG.L) at 12.11%. This indicates that HMY's price experiences larger fluctuations and is considered to be riskier than IAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMY | IAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.33% | 12.11% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 48.63% | 30.25% | +18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.67% | 38.15% | +26.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.53% | 41.19% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.20% | 50.87% | +10.33% |
Dividends
HMY vs. IAG.L - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 2.67%, more than IAG.L's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% | 0.00% |
IAG.L International Consolidated Airlines Group S.A | 2.16% | 2.27% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 13.57% | 7.50% | 5.65% | 6.92% | 2.28% |
Financials
HMY vs. IAG.L - Financials Comparison
This section allows you to compare key financial metrics between Harmony Gold Mining Company Limited and International Consolidated Airlines Group S.A. 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. IAG.L - Profitability Comparison
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
IAG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a gross profit of 4.15B and revenue of 17.28B. Therefore, the gross margin over that period was 24.0%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
IAG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported an operating income of 3.09B and revenue of 17.28B, resulting in an operating margin of 17.9%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
IAG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a net income of 2.04B and revenue of 17.28B, resulting in a net margin of 11.8%.
Frequently Asked Questions
HMY and IAG.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for HMY and IAG.L
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