HPQ vs. DELL
HPQ (HP Inc.) and DELL (Dell Technologies Inc.) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 5 years, HPQ returned -2.12%/yr vs 55.10%/yr for DELL. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
HPQ vs. DELL - Performance Comparison
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Returns By Period
In the year-to-date period, HPQ achieves a 4.34% return, which is significantly lower than DELL's 229.58% return.
HPQ
- 1D
- 3.06%
- 1M
- -10.57%
- 6M
- 7.32%
- YTD
- 4.34%
- 1Y
- -8.62%
- 3Y*
- -6.37%
- 5Y*
- -2.12%
- 10Y*
- 9.26%
DELL
- 1D
- 4.43%
- 1M
- 4.41%
- 6M
- 234.55%
- YTD
- 229.58%
- 1Y
- 233.86%
- 3Y*
- 100.95%
- 5Y*
- 55.10%
- 10Y*
- —
HPQ vs. DELL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HPQ HP Inc. | 4.34% | -28.69% | 12.10% | 16.08% | -26.40% | 57.25% | 24.11% | 3.88% | 1.94% |
DELL Dell Technologies Inc. | 229.58% | 11.22% | 52.97% | 95.85% | -26.63% | 51.21% | 42.62% | 5.16% | 14.50% |
Correlation
The correlation between HPQ and DELL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2018 | 0.58 |
The correlation between HPQ and DELL shifts across timeframes, from 0.43 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HPQ:
$20.67B
DELL:
$273.34B
HPQ:
$2.72
DELL:
$12.42
HPQ:
8.32
DELL:
33.16
HPQ:
0.37
DELL:
2.08
HPQ:
$57.42B
DELL:
$134.00B
HPQ:
$11.61B
DELL:
$25.67B
HPQ:
$3.83B
DELL:
$10.64B
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Return for Risk
HPQ vs. DELL — Risk / Return Rank
HPQ
DELL
HPQ vs. DELL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HP Inc. (HPQ) 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.
| HPQ | DELL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.52 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 7.28 | -7.52 |
| Martin ratioReturn relative to average drawdown | -0.41 | 15.96 | -16.37 |
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Drawdowns
HPQ vs. DELL - Drawdown Comparison
The maximum HPQ drawdown since its inception was -85.19%, which is greater than DELL's maximum drawdown of -59.59%. Use the drawdown chart below to compare losses from any high point for HPQ and DELL.
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Drawdown Indicators
| HPQ | DELL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.19% | -59.59% | -25.60% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -32.34% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -51.23% | -59.59% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -51.23% | -59.59% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -51.23% | — | — |
Current DrawdownCurrent decline from peak | -37.71% | -11.62% | -26.09% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -18.42% | -12.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.17% | 14.72% | +6.45% |
Volatility
HPQ vs. DELL - Volatility Comparison
The current volatility for HP Inc. (HPQ) is 8.41%, while Dell Technologies Inc. (DELL) has a volatility of 17.95%. This indicates that HPQ 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
| HPQ | DELL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 17.95% | -9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 32.19% | 55.33% | -23.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.25% | 66.93% | -26.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.93% | 51.21% | -15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 48.07% | -12.91% |
Dividends
HPQ vs. DELL - Dividend Comparison
HPQ's dividend yield for the trailing twelve months is around 5.26%, more than DELL's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DELL Dell Technologies Inc. | 0.54% | 1.60% | 1.48% | 1.88% | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HPQ HP Inc. | 5.26% | 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. DELL - Financials Comparison
This section allows you to compare key financial metrics between HP Inc. 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
HPQ vs. DELL - Profitability Comparison
HPQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
DELL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
HPQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, HP Inc. reported an operating income of 612.00M and revenue of 14.41B, resulting in an operating margin of 4.3%.
DELL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Dell Technologies Inc. reported an operating income of 3.66B and revenue of 43.84B, resulting in an operating margin of 8.3%.
HPQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, HP Inc. reported a net income of 450.00M and revenue of 14.41B, resulting in a net margin of 3.1%.
DELL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
HPQ and DELL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DELL has higher volatility (17.95%) compared to HPQ (8.41%). In terms of maximum drawdown, HPQ dropped -85.19% vs DELL's -59.59%.
DELL currently has the higher Sharpe Ratio (3.52 vs -0.22), 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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