HTO vs. NWN
HTO (H2O America) and NWN (Northwest Natural Holding Company) are both stocks. Both are in the Utilities sector — HTO in Utilities - Regulated Water, NWN in Utilities - Regulated Gas. Over the past 10 years, HTO returned 6.53%/yr vs 2.01%/yr for NWN. At a 0.38 correlation, their price movements are largely independent.
Performance
HTO vs. NWN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTO achieves a 18.36% return, which is significantly higher than NWN's 8.81% return. Over the past 10 years, HTO has outperformed NWN with an annualized return of 6.53%, while NWN has yielded a comparatively lower 2.01% annualized return.
HTO
- 1D
- 0.74%
- 1M
- 0.96%
- YTD
- 18.36%
- 6M
- 18.21%
- 1Y
- 10.33%
- 3Y*
- -4.86%
- 5Y*
- -0.18%
- 10Y*
- 6.53%
NWN
- 1D
- 1.18%
- 1M
- 0.30%
- YTD
- 8.81%
- 6M
- 8.72%
- 1Y
- 29.18%
- 3Y*
- 9.60%
- 5Y*
- 2.37%
- 10Y*
- 2.01%
HTO vs. NWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 18.36% | 2.92% | -22.57% | -17.78% | 13.40% | 7.66% | -0.43% | 30.19% | -11.20% | 16.22% |
NWN Northwest Natural Holding Company | 8.81% | 23.75% | 6.77% | -14.45% | 1.49% | 10.26% | -35.52% | 25.46% | 4.48% | 2.82% |
Correlation
The correlation between HTO and NWN is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.38 |
The correlation between HTO and NWN shifts across timeframes, from 0.38 (all time) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HTO:
$2.90
NWN:
$4.01
HTO:
19.70
NWN:
12.44
HTO:
2.04
NWN:
3.27
HTO:
2.54
NWN:
1.19
HTO:
$816.28M
NWN:
$1.29B
HTO:
$335.79M
NWN:
$288.00M
HTO:
$273.35M
NWN:
$426.96M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTO vs. NWN — Risk / Return Rank
HTO
NWN
HTO vs. NWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H2O America (HTO) and Northwest Natural Holding Company (NWN). 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.
| HTO | NWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.27 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 2.18 | -1.54 |
| Martin ratioReturn relative to average drawdown | 1.48 | 6.44 | -4.96 |
Loading charts...
Drawdowns
HTO vs. NWN - Drawdown Comparison
The maximum HTO drawdown since its inception was -54.53%, which is greater than NWN's maximum drawdown of -46.27%. Use the drawdown chart below to compare losses from any high point for HTO and NWN.
Loading charts...
Drawdown Indicators
| HTO | NWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.53% | -46.27% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -13.46% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.14% | -18.39% | -16.75% |
Max Drawdown (5Y)Largest decline over 5 years | -42.85% | -32.09% | -10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -42.85% | -46.27% | +3.42% |
Current DrawdownCurrent decline from peak | -24.64% | -15.45% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -12.14% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 4.55% | +2.43% |
Volatility
HTO vs. NWN - Volatility Comparison
H2O America (HTO) and Northwest Natural Holding Company (NWN) have volatilities of 6.85% and 6.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTO | NWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 6.76% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 15.76% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 20.07% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 22.88% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.56% | 28.15% | +1.41% |
Dividends
HTO vs. NWN - Dividend Comparison
HTO's dividend yield for the trailing twelve months is around 3.01%, less than NWN's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 3.01% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% |
NWN Northwest Natural Holding Company | 3.95% | 4.20% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% |
Financials
HTO vs. NWN - Financials Comparison
This section allows you to compare key financial metrics between H2O America and Northwest Natural Holding Company. 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
HTO vs. NWN - Profitability Comparison
HTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H2O America reported a gross profit of 0.00 and revenue of 183.29M. Therefore, the gross margin over that period was 0.0%.
NWN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a gross profit of 0.00 and revenue of 490.40M. Therefore, the gross margin over that period was 0.0%.
HTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H2O America reported an operating income of 37.43M and revenue of 183.29M, resulting in an operating margin of 20.4%.
NWN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported an operating income of 162.87M and revenue of 490.40M, resulting in an operating margin of 33.2%.
HTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H2O America reported a net income of 19.01M and revenue of 183.29M, resulting in a net margin of 10.4%.
NWN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a net income of 97.49M and revenue of 490.40M, resulting in a net margin of 19.9%.
Frequently Asked Questions
HTO and NWN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTO has higher volatility (6.85%) compared to NWN (6.76%). In terms of maximum drawdown, HTO dropped -54.53% vs NWN's -46.27%.
NWN currently has the higher Sharpe Ratio (1.46 vs 0.45), 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.
Find the right allocation for HTO and NWN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer