HTO vs. VEOEY
HTO (H2O America) and VEOEY (Veolia Environnement SA ADR) are both stocks. HTO operates in Utilities - Regulated Water (Utilities), while VEOEY operates in Waste Management (Industrials). Over the past 10 years, HTO returned 6.94%/yr vs 12.76%/yr for VEOEY. At a 0.27 correlation, their price movements are largely independent.
Performance
HTO vs. VEOEY - Performance Comparison
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Returns By Period
In the year-to-date period, HTO achieves a 19.35% return, which is significantly lower than VEOEY's 23.56% return. Over the past 10 years, HTO has underperformed VEOEY with an annualized return of 6.94%, while VEOEY has yielded a comparatively higher 12.76% annualized return.
HTO
- 1D
- 1.48%
- 1M
- -1.01%
- YTD
- 19.35%
- 6M
- 18.24%
- 1Y
- 10.27%
- 3Y*
- -2.94%
- 5Y*
- 0.25%
- 10Y*
- 6.94%
VEOEY
- 1D
- -0.31%
- 1M
- 1.81%
- YTD
- 23.56%
- 6M
- 24.28%
- 1Y
- 25.00%
- 3Y*
- 15.01%
- 5Y*
- 11.66%
- 10Y*
- 12.76%
HTO vs. VEOEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 19.35% | 2.92% | -22.57% | -17.78% | 13.40% | 7.66% | -0.43% | 30.19% | -11.20% | 16.22% |
VEOEY Veolia Environnement SA ADR | 23.56% | 29.09% | -7.09% | 27.73% | -26.84% | 60.92% | -6.25% | 37.22% | -16.48% | 66.19% |
Correlation
The correlation between HTO and VEOEY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2014 | 0.27 |
The correlation between HTO and VEOEY shifts across timeframes, from 0.09 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HTO:
$2.22B
VEOEY:
$30.16B
HTO:
$2.90
VEOEY:
€2.09
HTO:
19.87
VEOEY:
8.63
HTO:
2.06
VEOEY:
0.67
HTO:
2.56
VEOEY:
0.22
HTO:
1.21
VEOEY:
3.78
HTO:
$816.28M
VEOEY:
€88.92B
HTO:
$335.79M
VEOEY:
€15.59B
HTO:
$273.35M
VEOEY:
€12.34B
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Return for Risk
HTO vs. VEOEY — Risk / Return Rank
HTO
VEOEY
HTO vs. VEOEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H2O America (HTO) and Veolia Environnement SA ADR (VEOEY). 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 | VEOEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.64 | -0.97 |
| Martin ratioReturn relative to average drawdown | 1.60 | 4.29 | -2.69 |
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Drawdowns
HTO vs. VEOEY - Drawdown Comparison
The maximum HTO drawdown since its inception was -54.53%, which is greater than VEOEY's maximum drawdown of -48.54%. Use the drawdown chart below to compare losses from any high point for HTO and VEOEY.
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Drawdown Indicators
| HTO | VEOEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.53% | -48.54% | -5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -15.31% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -35.14% | -21.05% | -14.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.85% | -48.54% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.85% | -48.54% | +5.69% |
Current DrawdownCurrent decline from peak | -24.00% | -1.60% | -22.40% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -11.29% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 5.84% | +1.21% |
Volatility
HTO vs. VEOEY - Volatility Comparison
H2O America (HTO) has a higher volatility of 6.40% compared to Veolia Environnement SA ADR (VEOEY) at 6.08%. This indicates that HTO's price experiences larger fluctuations and is considered to be riskier than VEOEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTO | VEOEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 6.08% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 17.04% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 21.76% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.98% | 27.48% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.55% | 27.28% | +2.27% |
Dividends
HTO vs. VEOEY - Dividend Comparison
HTO's dividend yield for the trailing twelve months is around 2.99%, less than VEOEY's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 2.99% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% |
VEOEY Veolia Environnement SA ADR | 4.22% | 4.43% | 4.72% | 3.90% | 4.10% | 5.11% | 2.23% | 4.50% | 5.06% | 7.54% | 4.95% | 3.35% |
Financials
HTO vs. VEOEY - Financials Comparison
This section allows you to compare key financial metrics between H2O America and Veolia Environnement SA ADR. 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. VEOEY - 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%.
VEOEY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veolia Environnement SA ADR reported a gross profit of 3.93B and revenue of 22.18B. Therefore, the gross margin over that period was 17.7%.
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%.
VEOEY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veolia Environnement SA ADR reported an operating income of 1.75B and revenue of 22.18B, resulting in an operating margin of 7.9%.
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%.
VEOEY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veolia Environnement SA ADR reported a net income of 549.90M and revenue of 22.18B, resulting in a net margin of 2.5%.
Frequently Asked Questions
HTO and VEOEY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTO has higher volatility (6.40%) compared to VEOEY (6.08%). In terms of maximum drawdown, HTO dropped -54.53% vs VEOEY's -48.54%.
VEOEY currently has the higher Sharpe Ratio (1.16 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.
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