HRI vs. CIEN
HRI (Herc Holdings Inc.) and CIEN (Ciena Corporation) are both stocks. HRI operates in Rental & Leasing Services (Industrials), while CIEN operates in Communication Equipment (Technology). Over the past 5 years, HRI returned 4.94%/yr vs 59.55%/yr for CIEN. At a 0.36 correlation, their price movements are largely independent.
Performance
HRI vs. CIEN - Performance Comparison
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Returns By Period
In the year-to-date period, HRI achieves a -10.18% return, which is significantly lower than CIEN's 165.26% return.
HRI
- 1D
- 2.90%
- 1M
- 7.06%
- YTD
- -10.18%
- 6M
- -6.95%
- 1Y
- 11.61%
- 3Y*
- 7.13%
- 5Y*
- 4.94%
- 10Y*
- —
CIEN
- 1D
- -1.06%
- 1M
- 15.20%
- YTD
- 165.26%
- 6M
- 220.85%
- 1Y
- 645.10%
- 3Y*
- 134.47%
- 5Y*
- 59.55%
- 10Y*
- 40.28%
HRI vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRI Herc Holdings Inc. | -10.18% | -20.09% | 29.38% | 15.53% | -14.43% | 136.37% | 35.70% | 88.30% | -58.49% | 55.90% |
CIEN Ciena Corporation | 165.26% | 175.76% | 88.42% | -11.71% | -33.77% | 45.64% | 23.80% | 25.89% | 62.02% | -14.26% |
Correlation
The correlation between HRI and CIEN is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016 | 0.36 |
Over the past year, the correlation between HRI and CIEN has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
HRI:
$4.39B
CIEN:
$90.45B
HRI:
-$0.15
CIEN:
$1.58
HRI:
0.92
CIEN:
17.59
HRI:
2.32
CIEN:
32.39
HRI:
$4.65B
CIEN:
$5.12B
HRI:
$1.36B
CIEN:
$2.09B
HRI:
$1.12B
CIEN:
$450.47M
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Return for Risk
HRI vs. CIEN — Risk / Return Rank
HRI
CIEN
HRI vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Herc Holdings Inc. (HRI) and Ciena Corporation (CIEN). 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.
| HRI | CIEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.77 | ||
| Sortino ratioReturn per unit of downside risk | -4.93 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.86 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 38.67 | -38.43 |
| Martin ratioReturn relative to average drawdown | 0.56 | 113.44 | -112.88 |
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
| HRI | CIEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 9.97 | -9.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.25 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.08 | +0.21 |
Drawdowns
HRI vs. CIEN - Drawdown Comparison
The maximum HRI drawdown since its inception was -82.20%, smaller than the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for HRI and CIEN.
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Drawdown Indicators
| HRI | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.20% | -99.51% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -49.50% | -16.84% | -32.66% |
Max Drawdown (3Y)Largest decline over 3 years | -60.90% | -45.51% | -15.39% |
Max Drawdown (5Y)Largest decline over 5 years | -60.90% | -49.54% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.54% | — |
Current DrawdownCurrent decline from peak | -43.03% | -40.72% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -28.15% | -87.12% | +58.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 5.73% | +14.99% |
Volatility
HRI vs. CIEN - Volatility Comparison
The current volatility for Herc Holdings Inc. (HRI) is 13.30%, while Ciena Corporation (CIEN) has a volatility of 19.50%. This indicates that HRI experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRI | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.30% | 19.50% | -6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 42.54% | 52.85% | -10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.70% | 65.31% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.84% | 47.89% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.77% | 43.99% | +11.78% |
Dividends
HRI vs. CIEN - Dividend Comparison
HRI's dividend yield for the trailing twelve months is around 2.12%, while CIEN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CIEN Ciena Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HRI Herc Holdings Inc. | 2.12% | 1.89% | 1.40% | 1.70% | 1.75% | 0.32% |
Financials
HRI vs. CIEN - Financials Comparison
This section allows you to compare key financial metrics between Herc Holdings Inc. and Ciena Corporation. 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
HRI vs. CIEN - Profitability Comparison
HRI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Herc Holdings Inc. reported a gross profit of 326.00M and revenue of 1.14B. Therefore, the gross margin over that period was 28.6%.
CIEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a gross profit of 625.52M and revenue of 1.43B. Therefore, the gross margin over that period was 43.8%.
HRI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Herc Holdings Inc. reported an operating income of 175.00M and revenue of 1.14B, resulting in an operating margin of 15.4%.
CIEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported an operating income of 189.41M and revenue of 1.43B, resulting in an operating margin of 13.3%.
HRI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Herc Holdings Inc. reported a net income of -24.00M and revenue of 1.14B, resulting in a net margin of -2.1%.
CIEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a net income of 150.28M and revenue of 1.43B, resulting in a net margin of 10.5%.
Frequently Asked Questions
HRI and CIEN have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIEN has higher volatility (19.50%) compared to HRI (13.30%). In terms of maximum drawdown, HRI dropped -82.20% vs CIEN's -99.51%.
CIEN currently has the higher Sharpe Ratio (9.97 vs 0.20), 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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