HPE vs. M
HPE (Hewlett Packard Enterprise Company) and M (Macy's, Inc.) are both stocks. HPE operates in Communication Equipment (Technology), while M operates in Department Stores (Consumer Cyclical). Over the past 10 years, HPE returned 19.18%/yr vs 0.04%/yr for M. At a 0.39 correlation, their price movements are largely independent.
Performance
HPE vs. M - Performance Comparison
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Returns By Period
In the year-to-date period, HPE achieves a 106.15% return, which is significantly higher than M's 1.63% return. Over the past 10 years, HPE has outperformed M with an annualized return of 19.18%, while M has yielded a comparatively lower 0.04% annualized return.
HPE
- 1D
- -8.36%
- 1M
- 62.00%
- YTD
- 106.15%
- 6M
- 113.51%
- 1Y
- 184.02%
- 3Y*
- 51.55%
- 5Y*
- 28.55%
- 10Y*
- 19.18%
M
- 1D
- -3.78%
- 1M
- 11.81%
- YTD
- 1.63%
- 6M
- -1.18%
- 1Y
- 94.48%
- 3Y*
- 16.72%
- 5Y*
- 8.24%
- 10Y*
- 0.04%
HPE vs. M - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPE Hewlett Packard Enterprise Company | 106.15% | 15.54% | 29.14% | 9.72% | 4.49% | 37.37% | -21.94% | 23.74% | -5.62% | 7.83% |
M Macy's, Inc. | 1.63% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
Correlation
The correlation between HPE and M is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2015 | 0.39 |
The correlation between HPE and M shifts across timeframes, from 0.27 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HPE:
$66.72B
M:
$6.04B
HPE:
$1.10
M:
-$166.77
HPE:
2.64
M:
0.37
HPE:
$38.88B
M:
-$526.20B
HPE:
$5.56B
M:
-$146.61B
HPE:
$2.70B
M:
-$17.82B
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Return for Risk
HPE vs. M — Risk / Return Rank
HPE
M
HPE vs. M - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hewlett Packard Enterprise Company (HPE) and Macy's, Inc. (M). 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.
| HPE | M | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.35 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 7.80 | 3.32 | +4.48 |
| Martin ratioReturn relative to average drawdown | 18.83 | 8.00 | +10.83 |
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
| HPE | M | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.81 | 2.08 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.15 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.00 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.11 | +0.42 |
Drawdowns
HPE vs. M - Drawdown Comparison
The maximum HPE drawdown since its inception was -56.88%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for HPE and M.
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Drawdown Indicators
| HPE | M | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.88% | -91.95% | +35.07% |
Max Drawdown (1Y)Largest decline over 1 year | -23.73% | -28.61% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -48.36% | -51.33% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -48.36% | -69.65% | +21.29% |
Max Drawdown (10Y)Largest decline over 10 years | -56.88% | -87.79% | +30.91% |
Current DrawdownCurrent decline from peak | -12.38% | -51.53% | +39.15% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -34.50% | +20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 11.84% | -2.02% |
Volatility
HPE vs. M - Volatility Comparison
Hewlett Packard Enterprise Company (HPE) has a higher volatility of 28.38% compared to Macy's, Inc. (M) at 14.25%. This indicates that HPE's price experiences larger fluctuations and is considered to be riskier than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPE | M | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.38% | 14.25% | +14.13% |
Volatility (6M)Calculated over the trailing 6-month period | 39.79% | 28.61% | +11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.60% | 45.80% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.03% | 54.09% | -15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.12% | 56.11% | -18.99% |
Dividends
HPE vs. M - Dividend Comparison
HPE's dividend yield for the trailing twelve months is around 1.11%, less than M's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPE Hewlett Packard Enterprise Company | 1.11% | 2.22% | 2.44% | 2.89% | 3.01% | 3.04% | 4.05% | 2.88% | 3.12% | 70.62% | 0.99% | 0.36% |
M Macy's, Inc. | 3.33% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
Financials
HPE vs. M - Financials Comparison
This section allows you to compare key financial metrics between Hewlett Packard Enterprise Company and Macy's, 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. M - 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%.
M - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Macy's, Inc. reported a gross profit of -152.87B and revenue of -544.02B. Therefore, the gross margin over that period was 28.1%.
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%.
M - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Macy's, Inc. reported an operating income of -89.28B and revenue of -544.02B, resulting in an operating margin of 16.4%.
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%.
M - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Macy's, Inc. reported a net income of -46.55B and revenue of -544.02B, resulting in a net margin of 8.6%.
Frequently Asked Questions
HPE and M have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPE has higher volatility (28.38%) compared to M (14.25%). In terms of maximum drawdown, HPE dropped -56.88% vs M's -91.95%.
HPE currently has the higher Sharpe Ratio (3.81 vs 2.08), 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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