HWM vs. AVAV
HWM (Howmet Aerospace Inc.) and AVAV (AeroVironment, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, HWM returned 33.28%/yr vs 18.47%/yr for AVAV. At a 0.36 correlation, their price movements are largely independent.
Performance
HWM vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, HWM achieves a 29.23% return, which is significantly higher than AVAV's -29.48% return. Over the past 10 years, HWM has outperformed AVAV with an annualized return of 33.28%, while AVAV has yielded a comparatively lower 18.47% annualized return.
HWM
- 1D
- 0.03%
- 1M
- -3.09%
- YTD
- 29.23%
- 6M
- 33.60%
- 1Y
- 54.66%
- 3Y*
- 79.69%
- 5Y*
- 50.00%
- 10Y*
- 33.28%
AVAV
- 1D
- -7.14%
- 1M
- 5.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -10.28%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
HWM vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 29.23% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
AVAV AeroVironment, Inc. | -29.48% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
Correlation
The correlation between HWM and AVAV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.36 |
The correlation between HWM and AVAV shifts across timeframes, from 0.28 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$106.66B
AVAV:
$8.32B
HWM:
$4.31
AVAV:
-$4.63
HWM:
12.42
AVAV:
6.94
HWM:
19.32
AVAV:
1.95
HWM:
$8.62B
AVAV:
$1.19B
HWM:
$2.81B
AVAV:
$104.63M
HWM:
$2.66B
AVAV:
-$242.06M
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Return for Risk
HWM vs. AVAV — Risk / Return Rank
HWM
AVAV
HWM vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and AeroVironment, Inc. (AVAV). 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.
| HWM | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.04 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.17 | +3.63 |
| Martin ratioReturn relative to average drawdown | 9.77 | -0.30 | +10.07 |
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Drawdowns
HWM vs. AVAV - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than AVAV's maximum drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for HWM and AVAV.
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Drawdown Indicators
| HWM | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -61.45% | -26.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -61.45% | +45.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -61.45% | +42.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -61.45% | +39.84% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -61.45% | -3.36% |
Current DrawdownCurrent decline from peak | -3.26% | -58.38% | +55.12% |
Average DrawdownAverage peak-to-trough decline | -31.00% | -28.71% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 34.44% | -28.83% |
Volatility
HWM vs. AVAV - Volatility Comparison
The current volatility for Howmet Aerospace Inc. (HWM) is 11.03%, while AeroVironment, Inc. (AVAV) has a volatility of 26.86%. This indicates that HWM experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 26.86% | -15.83% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 57.90% | -32.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 74.35% | -42.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 56.01% | -23.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 52.05% | -12.23% |
Dividends
HWM vs. AVAV - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, while AVAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HWM Howmet Aerospace Inc. | 0.18% | 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. AVAV - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and AeroVironment, 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
Frequently Asked Questions
HWM and AVAV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (26.86%) compared to HWM (11.03%). In terms of maximum drawdown, HWM dropped -88.30% vs AVAV's -61.45%.
HWM currently has the higher Sharpe Ratio (1.75 vs -0.14), 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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