HTBK vs. HWM

Last updated Jun 3, 2026

HTBK (Heritage Commerce Corp) and HWM (Howmet Aerospace Inc.) are both stocks. HTBK operates in Banks - Regional (Financial Services), while HWM operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, HTBK returned 7.07%/yr vs 31.97%/yr for HWM. At a 0.27 correlation, their price movements are largely independent.

Performance

HTBK vs. HWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Heritage Commerce Corp (HTBK) and Howmet Aerospace Inc. (HWM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTBK achieves a 14.28% return, which is significantly lower than HWM's 22.41% return. Over the past 10 years, HTBK has underperformed HWM with an annualized return of 7.07%, while HWM has yielded a comparatively higher 31.97% annualized return.

HTBK

• 1D: 0.00%
• 1M: 0.00%
• YTD: 14.28%
• 6M: 23.43%
• 1Y: 53.78%
• 3Y*: 25.08%
• 5Y*: 8.03%
• 10Y*: 7.07%

HWM

• 1D: -1.88%
• 1M: 4.73%
• YTD: 22.41%
• 6M: 27.88%
• 1Y: 45.55%
• 3Y*: 77.62%
• 5Y*: 48.84%
• 10Y*: 31.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HTBK vs. HWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTBK Heritage Commerce Corp	14.28%	35.05%	0.12%	-19.19%	14.60%	41.02%	-26.22%	17.61%	-23.82%	9.16%
HWM Howmet Aerospace Inc.	22.41%	87.95%	102.71%	37.84%	24.16%	11.67%	21.03%	83.54%	-37.43%	48.40%

Correlation

The correlation between HTBK and HWM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jul 31, 1998	0.27

The correlation between HTBK and HWM shifts across timeframes, from 0.20 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HTBK : $829.88M HWM : $101.04B
EPS HTBK : $0.78 HWM : $4.31
PE Ratio HTBK : 17.34 HWM : 58.19
PEG Ratio HTBK : 4.32 HWM : 0.98
PS Ratio HTBK : 3.12 HWM : 11.77
PB Ratio HTBK : 1.17 HWM : 18.30
Total Revenue (TTM) HTBK : $266.14M HWM : $8.62B
Gross Profit (TTM) HTBK : $193.31M HWM : $2.81B
EBITDA (TTM) HTBK : $71.21M HWM : $2.66B

Return for Risk

HTBK vs. HWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HTBK

HTBK Risk / Return Rank: 88
HTBK Sharpe Ratio Rank: 89
HTBK Sortino Ratio Rank: 88
HTBK Omega Ratio Rank: 88
HTBK Calmar Ratio Rank: 86
HTBK Martin Ratio Rank: 87

HWM

HWM Risk / Return Rank: 80
HWM Sharpe Ratio Rank: 81
HWM Sortino Ratio Rank: 78
HWM Omega Ratio Rank: 74
HWM Calmar Ratio Rank: 82
HWM Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HTBK vs. HWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Heritage Commerce Corp (HTBK) and Howmet Aerospace Inc. (HWM). 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.

	HTBK	HWM	Difference
Sharpe ratio Return per unit of total volatility	2.13	1.50	+0.63
Sortino ratio Return per unit of downside risk	3.08	2.20	+0.88
Omega ratio Gain probability vs. loss probability	1.41	1.26	+0.15
Calmar ratio Return relative to maximum drawdown	3.87	3.02	+0.85
Martin ratio Return relative to average drawdown	10.12	8.77	+1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTBK vs. HWM - Sharpe Ratio Comparison

The current HTBK Sharpe Ratio is 2.13, which is higher than the HWM Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of HTBK and HWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HTBK	HWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.50	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	1.53	-1.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.81	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.21	-0.14

Drawdowns

HTBK vs. HWM - Drawdown Comparison

The maximum HTBK drawdown since its inception was -90.46%, roughly equal to the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for HTBK and HWM.

Drawdown Indicators

	HTBK	HWM	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-88.30%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-15.89%	+2.42%
Max Drawdown (3Y) Largest decline over 3 years	-23.45%	-19.41%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	-52.92%	-23.19%	-29.73%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-64.81%	+2.78%
Current Drawdown Current decline from peak	-11.57%	-8.36%	-3.21%
Average Drawdown Average peak-to-trough decline	-47.80%	-31.02%	-16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	5.46%	-0.31%

Volatility

HTBK vs. HWM - Volatility Comparison

The current volatility for Heritage Commerce Corp (HTBK) is 0.00%, while Howmet Aerospace Inc. (HWM) has a volatility of 11.30%. This indicates that HTBK experiences smaller price fluctuations and is considered to be less risky than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTBK	HWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	11.30%	-11.30%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	24.21%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.39%	30.56%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.72%	32.03%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.36%	39.79%	-5.43%

Dividends

HTBK vs. HWM - Dividend Comparison

HTBK's dividend yield for the trailing twelve months is around 3.87%, more than HWM's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTBK Heritage Commerce Corp	3.87%	4.33%	5.54%	5.24%	5.00%	4.36%	5.86%	3.74%	3.88%	2.61%	2.49%	2.68%
HWM Howmet Aerospace Inc.	0.19%	0.21%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%	0.88%	40.49%	1.22%

Financials

HTBK vs. HWM - Profitability Comparison

The chart below illustrates the profitability comparison between Heritage Commerce Corp and Howmet Aerospace Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HTBK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported a gross profit of 53.62M and revenue of 70.25M. Therefore, the gross margin over that period was 76.3%.

HWM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.

HTBK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported an operating income of 21.88M and revenue of 70.25M, resulting in an operating margin of 31.1%.

HWM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.

HTBK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported a net income of 15.12M and revenue of 70.25M, resulting in a net margin of 21.5%.

HWM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.

Frequently Asked Questions

Can I hold both HTBK and HWM in my portfolio?

HTBK and HWM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTBK or HWM?

HWM has higher volatility (11.30%) compared to HTBK (0.00%). In terms of maximum drawdown, HTBK dropped -90.46% vs HWM's -88.30%.

Which has better risk-adjusted returns?

HTBK currently has the higher Sharpe Ratio (2.13 vs 1.50), 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.