HPQ vs. CSCO
HPQ (HP Inc.) and CSCO (Cisco Systems, Inc.) are both stocks. Both are in the Technology sector — HPQ in Computer Hardware, CSCO in Communication Equipment. Over the past 10 years, HPQ returned 10.02%/yr vs 18.77%/yr for CSCO. At a 0.46 correlation, their price movements are largely independent.
Performance
HPQ vs. CSCO - Performance Comparison
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Returns By Period
In the year-to-date period, HPQ achieves a 12.14% return, which is significantly lower than CSCO's 56.90% return. Over the past 10 years, HPQ has underperformed CSCO with an annualized return of 10.02%, while CSCO has yielded a comparatively higher 18.77% annualized return.
HPQ
- 1D
- -1.26%
- 1M
- 18.14%
- YTD
- 12.14%
- 6M
- 0.62%
- 1Y
- 4.15%
- 3Y*
- -3.96%
- 5Y*
- 0.41%
- 10Y*
- 10.02%
CSCO
- 1D
- -0.50%
- 1M
- 1.15%
- YTD
- 56.90%
- 6M
- 55.85%
- 1Y
- 86.72%
- 3Y*
- 35.63%
- 5Y*
- 21.03%
- 10Y*
- 18.77%
HPQ vs. CSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPQ HP Inc. | 12.14% | -28.69% | 12.10% | 16.08% | -26.40% | 57.25% | 24.11% | 3.88% | -0.20% | 45.69% |
CSCO Cisco Systems, Inc. | 56.90% | 33.47% | 21.00% | 9.30% | -22.46% | 45.76% | -3.49% | 13.81% | 16.57% | 31.27% |
Correlation
The correlation between HPQ and CSCO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.46 |
Over the past year, the correlation between HPQ and CSCO has dropped to 0.24 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Fundamentals
HPQ:
$22.47B
CSCO:
$476.73B
HPQ:
$2.72
CSCO:
$3.00
HPQ:
8.94
CSCO:
39.89
HPQ:
0.40
CSCO:
7.85
HPQ:
5.80
CSCO:
9.76
HPQ:
$57.42B
CSCO:
$60.75B
HPQ:
$11.61B
CSCO:
$39.08B
HPQ:
$3.83B
CSCO:
$13.98B
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Return for Risk
HPQ vs. CSCO — Risk / Return Rank
HPQ
CSCO
HPQ vs. CSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HP Inc. (HPQ) and Cisco Systems, Inc. (CSCO). 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.
| HPQ | CSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.51 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 6.42 | -6.31 |
| Martin ratioReturn relative to average drawdown | 0.20 | 17.47 | -17.27 |
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Drawdowns
HPQ vs. CSCO - Drawdown Comparison
The maximum HPQ drawdown since its inception was -85.19%, roughly equal to the maximum CSCO drawdown of -89.26%. Use the drawdown chart below to compare losses from any high point for HPQ and CSCO.
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Drawdown Indicators
| HPQ | CSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.19% | -89.26% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -13.57% | -23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -51.23% | -20.16% | -31.07% |
Max Drawdown (5Y)Largest decline over 5 years | -51.23% | -36.68% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -51.23% | -41.95% | -9.28% |
Current DrawdownCurrent decline from peak | -33.05% | -8.02% | -25.03% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -40.11% | +9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.65% | 4.98% | +15.67% |
Volatility
HPQ vs. CSCO - Volatility Comparison
HP Inc. (HPQ) has a higher volatility of 22.06% compared to Cisco Systems, Inc. (CSCO) at 11.99%. This indicates that HPQ's price experiences larger fluctuations and is considered to be riskier than CSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPQ | CSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.06% | 11.99% | +10.07% |
Volatility (6M)Calculated over the trailing 6-month period | 32.02% | 27.19% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.05% | 30.89% | +9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 24.88% | +10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.29% | 25.90% | +9.39% |
Dividends
HPQ vs. CSCO - Dividend Comparison
HPQ's dividend yield for the trailing twelve months is around 4.90%, more than CSCO's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSCO Cisco Systems, Inc. | 1.38% | 2.12% | 2.69% | 3.07% | 3.17% | 2.32% | 3.20% | 2.88% | 2.95% | 2.95% | 3.28% | 3.02% |
HPQ HP Inc. | 4.90% | 5.24% | 3.42% | 3.53% | 3.77% | 2.21% | 2.94% | 3.20% | 2.83% | 2.56% | 3.40% | 129.70% |
Financials
HPQ vs. CSCO - Financials Comparison
This section allows you to compare key financial metrics between HP Inc. and Cisco Systems, 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
HPQ vs. CSCO - Profitability Comparison
HPQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HP Inc. reported a gross profit of 3.02B and revenue of 14.41B. Therefore, the gross margin over that period was 20.9%.
CSCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported a gross profit of 10.08B and revenue of 15.84B. Therefore, the gross margin over that period was 63.6%.
HPQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HP Inc. reported an operating income of 612.00M and revenue of 14.41B, resulting in an operating margin of 4.3%.
CSCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported an operating income of 3.96B and revenue of 15.84B, resulting in an operating margin of 25.0%.
HPQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HP Inc. reported a net income of 450.00M and revenue of 14.41B, resulting in a net margin of 3.1%.
CSCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported a net income of 3.37B and revenue of 15.84B, resulting in a net margin of 21.3%.
Frequently Asked Questions
HPQ and CSCO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPQ has higher volatility (22.06%) compared to CSCO (11.99%). In terms of maximum drawdown, HPQ dropped -85.19% vs CSCO's -89.26%.
CSCO currently has the higher Sharpe Ratio (2.83 vs 0.10), 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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