HPE vs. DELL
HPE (Hewlett Packard Enterprise Company) and DELL (Dell Technologies Inc.) are both stocks. Both are in the Technology sector — HPE in Communication Equipment, DELL in Computer Hardware. Over the past 5 years, HPE returned 28.53%/yr vs 52.50%/yr for DELL. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
HPE vs. DELL - Performance Comparison
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Returns By Period
In the year-to-date period, HPE achieves a 101.83% return, which is significantly lower than DELL's 216.60% return.
HPE
- 1D
- 2.93%
- 1M
- 50.20%
- YTD
- 101.83%
- 6M
- 104.32%
- 1Y
- 172.40%
- 3Y*
- 46.46%
- 5Y*
- 28.53%
- 10Y*
- 19.47%
DELL
- 1D
- 1.05%
- 1M
- 62.21%
- YTD
- 216.60%
- 6M
- 206.61%
- 1Y
- 254.13%
- 3Y*
- 104.49%
- 5Y*
- 52.50%
- 10Y*
- —
HPE vs. DELL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HPE Hewlett Packard Enterprise Company | 101.83% | 15.54% | 29.14% | 9.72% | 4.49% | 37.37% | -21.94% | 23.74% | 4.43% |
DELL Dell Technologies Inc. | 216.60% | 11.22% | 52.97% | 95.85% | -26.63% | 51.21% | 42.62% | 5.16% | 14.50% |
Correlation
The correlation between HPE and DELL is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2018 | 0.62 |
The correlation between HPE and DELL has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
HPE:
$65.32B
DELL:
$259.49B
HPE:
$1.10
DELL:
$12.42
HPE:
43.87
DELL:
31.85
HPE:
0.55
DELL:
2.03
HPE:
1.69
DELL:
2.00
HPE:
$38.88B
DELL:
$134.00B
HPE:
$5.56B
DELL:
$25.67B
HPE:
$2.70B
DELL:
$10.64B
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Return for Risk
HPE vs. DELL — Risk / Return Rank
HPE
DELL
HPE vs. DELL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hewlett Packard Enterprise Company (HPE) and Dell Technologies Inc. (DELL). 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.
| HPE | DELL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.56 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 7.31 | 7.91 | -0.60 |
| Martin ratioReturn relative to average drawdown | 17.24 | 17.63 | -0.39 |
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Drawdowns
HPE vs. DELL - Drawdown Comparison
The maximum HPE drawdown since its inception was -56.88%, roughly equal to the maximum DELL drawdown of -59.59%. Use the drawdown chart below to compare losses from any high point for HPE and DELL.
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Drawdown Indicators
| HPE | DELL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.88% | -59.59% | +2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -23.73% | -32.34% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -48.36% | -59.59% | +11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -48.36% | -59.59% | +11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -56.88% | — | — |
Current DrawdownCurrent decline from peak | -14.21% | -15.11% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -18.48% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.04% | 14.49% | -4.45% |
Volatility
HPE vs. DELL - Volatility Comparison
The current volatility for Hewlett Packard Enterprise Company (HPE) is 28.73%, while Dell Technologies Inc. (DELL) has a volatility of 36.55%. This indicates that HPE experiences smaller price fluctuations and is considered to be less risky than DELL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPE | DELL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.73% | 36.55% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 40.38% | 54.73% | -14.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.22% | 65.88% | -16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.16% | 50.86% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.18% | 47.99% | -10.81% |
Dividends
HPE vs. DELL - Dividend Comparison
HPE's dividend yield for the trailing twelve months is around 1.13%, more than DELL's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DELL Dell Technologies Inc. | 0.56% | 1.60% | 1.48% | 1.88% | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HPE Hewlett Packard Enterprise Company | 1.13% | 2.22% | 2.44% | 2.89% | 3.01% | 3.04% | 4.05% | 2.88% | 3.12% | 70.62% | 0.99% | 0.36% |
Financials
HPE vs. DELL - Financials Comparison
This section allows you to compare key financial metrics between Hewlett Packard Enterprise Company and Dell Technologies 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
HPE vs. DELL - Profitability Comparison
HPE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a gross profit of -3.34B and revenue of 10.68B. Therefore, the gross margin over that period was -31.3%.
DELL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dell Technologies Inc. reported a gross profit of 7.78B and revenue of 43.84B. Therefore, the gross margin over that period was 17.8%.
HPE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported an operating income of 319.00M and revenue of 10.68B, resulting in an operating margin of 3.0%.
DELL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dell Technologies Inc. reported an operating income of 3.66B and revenue of 43.84B, resulting in an operating margin of 8.3%.
HPE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a net income of 604.00M and revenue of 10.68B, resulting in a net margin of 5.7%.
DELL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dell Technologies Inc. reported a net income of 3.44B and revenue of 43.84B, resulting in a net margin of 7.8%.
Frequently Asked Questions
HPE and DELL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DELL has higher volatility (36.55%) compared to HPE (28.73%). In terms of maximum drawdown, HPE dropped -56.88% vs DELL's -59.59%.
DELL currently has the higher Sharpe Ratio (3.89 vs 3.53), 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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