HOG vs. PII
HOG (Harley-Davidson, Inc.) and PII (Polaris Industries Inc.) are both stocks. Both operate in the Recreational Vehicles industry within the Consumer Cyclical sector. Over the past 10 years, HOG returned -3.14%/yr vs 1.33%/yr for PII. At a 0.44 correlation, their price movements are largely independent.
Performance
HOG vs. PII - Performance Comparison
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Returns By Period
In the year-to-date period, HOG achieves a 22.71% return, which is significantly higher than PII's 11.01% return. Over the past 10 years, HOG has underperformed PII with an annualized return of -3.14%, while PII has yielded a comparatively higher 1.33% annualized return.
HOG
- 1D
- -3.82%
- 1M
- 4.85%
- YTD
- 22.71%
- 6M
- 20.30%
- 1Y
- 9.04%
- 3Y*
- -7.28%
- 5Y*
- -9.61%
- 10Y*
- -3.14%
PII
- 1D
- -3.64%
- 1M
- 2.36%
- YTD
- 11.01%
- 6M
- 2.28%
- 1Y
- 82.70%
- 3Y*
- -12.37%
- 5Y*
- -9.05%
- 10Y*
- 1.33%
HOG vs. PII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 22.71% | -30.05% | -16.61% | -9.76% | 12.13% | 4.29% | 0.19% | 13.62% | -30.54% | -10.29% |
PII Polaris Industries Inc. | 11.01% | 15.90% | -37.19% | -3.79% | -6.01% | 17.75% | -3.78% | 36.37% | -36.76% | 54.19% |
Correlation
The correlation between HOG and PII is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.44 |
The correlation between HOG and PII shifts across timeframes, from 0.44 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HOG:
$2.73B
PII:
$3.95B
HOG:
$1.96
PII:
-$7.82
HOG:
0.92
PII:
0.54
HOG:
$3.14B
PII:
$7.27B
HOG:
$994.65M
PII:
$1.43B
HOG:
$386.96M
PII:
-$206.10M
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Return for Risk
HOG vs. PII — Risk / Return Rank
HOG
PII
HOG vs. PII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harley-Davidson, Inc. (HOG) and Polaris Industries Inc. (PII). 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.
| HOG | PII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.28 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.43 | -2.22 |
| Martin ratioReturn relative to average drawdown | 0.39 | 7.09 | -6.70 |
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Drawdowns
HOG vs. PII - Drawdown Comparison
The maximum HOG drawdown since its inception was -88.26%, which is greater than PII's maximum drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for HOG and PII.
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Drawdown Indicators
| HOG | PII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -77.57% | -10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -43.24% | -34.21% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -58.74% | -75.23% | +16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -64.11% | -75.23% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -73.28% | -75.62% | +2.34% |
Current DrawdownCurrent decline from peak | -54.91% | -44.31% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -24.44% | -19.76% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.18% | 11.71% | +11.47% |
Volatility
HOG vs. PII - Volatility Comparison
The current volatility for Harley-Davidson, Inc. (HOG) is 11.12%, while Polaris Industries Inc. (PII) has a volatility of 12.38%. This indicates that HOG experiences smaller price fluctuations and is considered to be less risky than PII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOG | PII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 12.38% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 28.19% | 38.54% | -10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.20% | 56.38% | -15.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 42.89% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.10% | 42.86% | +0.24% |
Dividends
HOG vs. PII - Dividend Comparison
HOG's dividend yield for the trailing twelve months is around 2.98%, less than PII's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 2.98% | 3.51% | 2.29% | 1.79% | 1.51% | 1.59% | 1.20% | 4.03% | 4.34% | 2.87% | 2.40% | 2.73% |
PII Polaris Industries Inc. | 3.93% | 4.24% | 4.58% | 2.74% | 2.53% | 2.29% | 2.60% | 2.40% | 3.13% | 1.87% | 2.67% | 2.47% |
Financials
HOG vs. PII - Financials Comparison
This section allows you to compare key financial metrics between Harley-Davidson, Inc. and Polaris Industries 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
Frequently Asked Questions
HOG and PII have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PII has higher volatility (12.38%) compared to HOG (11.12%). In terms of maximum drawdown, HOG dropped -88.26% vs PII's -77.57%.
PII currently has the higher Sharpe Ratio (1.48 vs 0.22), 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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