HSY vs. TR
HSY (The Hershey Company) and TR (Tootsie Roll Industries, Inc.) are both stocks. Both operate in the Confectioners industry within the Consumer Defensive sector. Over the past 10 years, HSY returned 9.55%/yr vs 3.28%/yr for TR. At a 0.31 correlation, their price movements are largely independent.
Performance
HSY vs. TR - Performance Comparison
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Returns By Period
In the year-to-date period, HSY achieves a 2.11% return, which is significantly lower than TR's 6.12% return. Over the past 10 years, HSY has outperformed TR with an annualized return of 9.55%, while TR has yielded a comparatively lower 3.28% annualized return.
HSY
- 1D
- -0.48%
- 1M
- 1.43%
- YTD
- 2.11%
- 6M
- 2.87%
- 1Y
- 15.70%
- 3Y*
- -8.51%
- 5Y*
- 3.45%
- 10Y*
- 9.55%
TR
- 1D
- 0.64%
- 1M
- -9.93%
- YTD
- 6.12%
- 6M
- 3.74%
- 1Y
- 10.19%
- 3Y*
- 3.39%
- 5Y*
- 6.70%
- 10Y*
- 3.28%
HSY vs. TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 2.11% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
TR Tootsie Roll Industries, Inc. | 6.12% | 17.87% | 1.36% | -18.76% | 22.25% | 27.01% | -12.02% | 3.23% | -7.18% | -4.77% |
Correlation
The correlation between HSY and TR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987 | 0.31 |
Fundamentals
HSY:
$37.42B
TR:
$2.83B
HSY:
$5.38
TR:
$1.36
HSY:
34.08
TR:
27.75
HSY:
3.11
TR:
3.76
HSY:
7.91
TR:
2.98
HSY:
$11.99B
TR:
$735.61M
HSY:
$4.17B
TR:
$257.59M
HSY:
$2.04B
TR:
$138.31M
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Return for Risk
HSY vs. TR — Risk / Return Rank
HSY
TR
HSY vs. TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and Tootsie Roll Industries, Inc. (TR). 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.
| HSY | TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.51 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.71 | 1.18 | +0.52 |
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
| HSY | TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.39 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.27 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.13 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.31 | +0.19 |
Drawdowns
HSY vs. TR - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, which is greater than TR's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for HSY and TR.
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Drawdown Indicators
| HSY | TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -44.74% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.97% | -20.03% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -42.23% | -25.32% | -16.91% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -36.41% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -36.41% | -8.84% |
Current DrawdownCurrent decline from peak | -27.41% | -15.96% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -13.09% | -16.76% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 8.65% | +0.56% |
Volatility
HSY vs. TR - Volatility Comparison
The current volatility for The Hershey Company (HSY) is 8.56%, while Tootsie Roll Industries, Inc. (TR) has a volatility of 9.28%. This indicates that HSY experiences smaller price fluctuations and is considered to be less risky than TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSY | TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 9.28% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.47% | 16.34% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 26.33% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 24.97% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 25.28% | -1.88% |
Dividends
HSY vs. TR - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.08%, more than TR's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 3.08% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
TR Tootsie Roll Industries, Inc. | 0.94% | 0.98% | 1.11% | 1.08% | 0.85% | 0.99% | 1.21% | 1.05% | 1.08% | 0.99% | 0.91% | 1.11% |
Financials
HSY vs. TR - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and Tootsie Roll Industries, 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
HSY vs. TR - Profitability Comparison
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
TR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a gross profit of 49.77M and revenue of 151.54M. Therefore, the gross margin over that period was 32.8%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
TR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported an operating income of 23.21M and revenue of 151.54M, resulting in an operating margin of 15.3%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
TR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a net income of 17.66M and revenue of 151.54M, resulting in a net margin of 11.7%.
Frequently Asked Questions
HSY and TR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TR has higher volatility (9.28%) compared to HSY (8.56%). In terms of maximum drawdown, HSY dropped -49.15% vs TR's -44.74%.
HSY currently has the higher Sharpe Ratio (0.58 vs 0.39), 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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