HON vs. IWR
HON (Honeywell International Inc) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, HON returned 9.47%/yr vs 11.41%/yr for IWR. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
HON vs. IWR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HON achieves a 9.70% return, which is significantly lower than IWR's 10.71% return. Over the past 10 years, HON has underperformed IWR with an annualized return of 9.47%, while IWR has yielded a comparatively higher 11.41% annualized return.
HON
- 1D
- -1.01%
- 1M
- -0.07%
- YTD
- 9.70%
- 6M
- 11.48%
- 1Y
- 0.37%
- 3Y*
- 6.60%
- 5Y*
- 1.82%
- 10Y*
- 9.47%
IWR
- 1D
- 0.08%
- 1M
- 1.05%
- YTD
- 10.71%
- 6M
- 10.50%
- 1Y
- 19.23%
- 3Y*
- 16.25%
- 5Y*
- 7.68%
- 10Y*
- 11.41%
HON vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 9.70% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
IWR iShares Russell Midcap ETF | 10.71% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between HON and IWR 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 | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.69 |
The correlation between HON and IWR shifts across timeframes, from 0.53 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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
HON vs. IWR — Risk / Return Rank
HON
IWR
HON vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) and iShares Russell Midcap ETF (IWR). 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 | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 2.37 | -2.34 |
| Martin ratioReturn relative to average drawdown | 0.04 | 9.09 | -9.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HON | IWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.43 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.42 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.59 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.49 | -0.21 |
Drawdowns
HON vs. IWR - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, which is greater than IWR's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for HON and IWR.
Loading charts...
Drawdown Indicators
| HON | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -58.78% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -8.17% | -7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -21.09% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -26.18% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | -40.59% | -2.42% |
Current DrawdownCurrent decline from peak | -14.14% | -2.04% | -12.10% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -7.80% | -12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.55% | 2.12% | +7.43% |
Volatility
HON vs. IWR - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 8.75% compared to iShares Russell Midcap ETF (IWR) at 3.59%. This indicates that HON's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HON | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 3.59% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 10.06% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 13.54% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 18.25% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 19.38% | +4.14% |
Dividends
HON vs. IWR - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 2.19%, more than IWR's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 2.19% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
IWR iShares Russell Midcap ETF | 1.17% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
HON and IWR 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.
HON has higher volatility (8.75%) compared to IWR (3.59%). In terms of maximum drawdown, HON dropped -70.09% vs IWR's -58.78%.
IWR currently has the higher Sharpe Ratio (1.43 vs 0.02), 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 HON and IWR
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