HON vs. IEX
HON (Honeywell International Inc) and IEX (IDEX Corporation) are both stocks. Both are in the Industrials sector — HON in Conglomerates, IEX in Specialty Industrial Machinery. Over the past 10 years, HON returned 10.81%/yr vs 11.05%/yr for IEX. At a 0.44 correlation, their price movements are largely independent.
Performance
HON vs. IEX - Performance Comparison
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Returns By Period
In the year-to-date period, HON achieves a 21.84% return, which is significantly higher than IEX's 20.08% return. Both investments have delivered pretty close results over the past 10 years, with HON having a 10.81% annualized return and IEX not far ahead at 11.05%.
HON
- 1D
- -0.55%
- 1M
- 11.30%
- YTD
- 21.84%
- 6M
- 23.06%
- 1Y
- 13.08%
- 3Y*
- 10.21%
- 5Y*
- 3.85%
- 10Y*
- 10.81%
IEX
- 1D
- 2.19%
- 1M
- -0.95%
- YTD
- 20.08%
- 6M
- 22.02%
- 1Y
- 20.22%
- 3Y*
- 1.97%
- 5Y*
- 0.26%
- 10Y*
- 11.05%
HON vs. IEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 21.84% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
IEX IDEX Corporation | 20.08% | -13.69% | -2.35% | -3.80% | -2.22% | 19.82% | 17.22% | 37.94% | -3.16% | 48.53% |
Correlation
The correlation between HON and IEX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.44 |
The correlation between HON and IEX shifts across timeframes, from 0.42 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HON:
$150.17B
IEX:
$15.78B
HON:
$6.42
IEX:
$6.77
HON:
36.66
IEX:
31.35
HON:
4.09
IEX:
4.51
HON:
7.05
IEX:
3.90
HON:
$36.76B
IEX:
$3.53B
HON:
$13.58B
IEX:
$1.57B
HON:
$6.55B
IEX:
$885.40M
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Return for Risk
HON vs. IEX — Risk / Return Rank
HON
IEX
HON vs. IEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) and IDEX Corporation (IEX). 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.
| HON | IEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.79 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.24 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.26 | -0.48 |
Martin ratioReturn relative to average drawdown | 1.33 | 2.45 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HON | IEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.79 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.01 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.46 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.14 | +0.15 |
Drawdowns
HON vs. IEX - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, smaller than the maximum IEX drawdown of -81.60%. Use the drawdown chart below to compare losses from any high point for HON and IEX.
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Drawdown Indicators
| HON | IEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -81.60% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -15.17% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -34.60% | +12.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -34.60% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | -35.52% | -7.49% |
Current DrawdownCurrent decline from peak | -4.64% | -10.91% | +6.27% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -11.44% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.42% | 7.78% | +1.64% |
Volatility
HON vs. IEX - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 6.90% compared to IDEX Corporation (IEX) at 5.63%. This indicates that HON's price experiences larger fluctuations and is considered to be riskier than IEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HON | IEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 5.63% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.15% | 16.90% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 25.74% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 24.01% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 24.25% | -0.81% |
Dividends
HON vs. IEX - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 1.97%, more than IEX's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 1.97% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
IEX IDEX Corporation | 1.35% | 1.58% | 1.29% | 1.16% | 1.02% | 0.90% | 1.00% | 1.12% | 1.31% | 1.10% | 1.49% | 1.62% |
Financials
HON vs. IEX - Financials Comparison
This section allows you to compare key financial metrics between Honeywell International Inc and IDEX Corporation. 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
HON vs. IEX - Profitability Comparison
HON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.
IEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a gross profit of 398.10M and revenue of 886.90M. Therefore, the gross margin over that period was 44.9%.
HON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.
IEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported an operating income of 172.40M and revenue of 886.90M, resulting in an operating margin of 19.4%.
HON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.
IEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a net income of 120.00M and revenue of 886.90M, resulting in a net margin of 13.5%.
Frequently Asked Questions
HON and IEX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HON has higher volatility (6.90%) compared to IEX (5.63%). In terms of maximum drawdown, HON dropped -70.09% vs IEX's -81.60%.
IEX currently has the higher Sharpe Ratio (0.79 vs 0.60), 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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