HWM vs. AAPL
HWM (Howmet Aerospace Inc.) and AAPL (Apple Inc) are both stocks. HWM operates in Specialty Industrial Machinery (Industrials), while AAPL operates in Consumer Electronics (Technology). Over the past 10 years, HWM returned 31.79%/yr vs 29.63%/yr for AAPL. At a 0.25 correlation, their price movements are largely independent.
Performance
HWM vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, HWM achieves a 20.38% return, which is significantly higher than AAPL's 11.12% return. Over the past 10 years, HWM has outperformed AAPL with an annualized return of 31.79%, while AAPL has yielded a comparatively lower 29.63% annualized return.
HWM
- 1D
- -2.12%
- 1M
- -8.87%
- YTD
- 20.38%
- 6M
- 27.45%
- 1Y
- 40.91%
- 3Y*
- 75.58%
- 5Y*
- 48.17%
- 10Y*
- 31.79%
AAPL
- 1D
- -1.89%
- 1M
- 2.90%
- YTD
- 11.12%
- 6M
- 8.71%
- 1Y
- 48.46%
- 3Y*
- 19.11%
- 5Y*
- 19.46%
- 10Y*
- 29.63%
HWM vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 20.38% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
AAPL Apple Inc | 11.12% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between HWM and AAPL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1980 | 0.25 |
The correlation between HWM and AAPL shifts across timeframes, from 0.13 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$99.36B
AAPL:
$4.45T
HWM:
$4.31
AAPL:
$8.24
HWM:
57.22
AAPL:
36.61
HWM:
0.97
AAPL:
4.82
HWM:
11.57
AAPL:
9.94
HWM:
17.99
AAPL:
41.82
HWM:
$8.62B
AAPL:
$451.44B
HWM:
$2.81B
AAPL:
$216.07B
HWM:
$2.66B
AAPL:
$153.63B
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Return for Risk
HWM vs. AAPL — Risk / Return Rank
HWM
AAPL
HWM vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Apple Inc (AAPL). 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.
| HWM | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.53 | -0.94 |
| Martin ratioReturn relative to average drawdown | 7.37 | 8.89 | -1.52 |
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
| HWM | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.18 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.51 | 0.71 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 1.03 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.44 | -0.23 |
Drawdowns
HWM vs. AAPL - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for HWM and AAPL.
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Drawdown Indicators
| HWM | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -81.80% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -13.80% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -33.36% | +13.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -33.36% | +10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -38.52% | -26.29% |
Current DrawdownCurrent decline from peak | -9.88% | -4.33% | -5.55% |
Average DrawdownAverage peak-to-trough decline | -31.01% | -29.60% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 5.48% | +0.10% |
Volatility
HWM vs. AAPL - Volatility Comparison
Howmet Aerospace Inc. (HWM) has a higher volatility of 7.62% compared to Apple Inc (AAPL) at 5.68%. This indicates that HWM's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.68% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 15.99% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 22.41% | +8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 27.47% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.78% | 28.91% | +10.87% |
Dividends
HWM vs. AAPL - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.19%, less than AAPL's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
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
HWM vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and Apple 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
HWM vs. AAPL - Profitability Comparison
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%.
AAPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a gross profit of 54.78B and revenue of 111.18B. Therefore, the gross margin over that period was 49.3%.
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%.
AAPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported an operating income of 35.89B and revenue of 111.18B, resulting in an operating margin of 32.3%.
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%.
AAPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a net income of 29.58B and revenue of 111.18B, resulting in a net margin of 26.6%.
Frequently Asked Questions
HWM and AAPL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWM has higher volatility (7.62%) compared to AAPL (5.68%). In terms of maximum drawdown, HWM dropped -88.30% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.18 vs 1.34), 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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