HWM vs. AVGO
HWM (Howmet Aerospace Inc.) and AVGO (Broadcom Inc.) are both stocks. HWM operates in Specialty Industrial Machinery (Industrials), while AVGO operates in Semiconductors (Technology). Over the past 10 years, HWM returned 33.28%/yr vs 40.96%/yr for AVGO. At a 0.39 correlation, their price movements are largely independent.
Performance
HWM vs. AVGO - 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 AVGO's 10.62% return. Over the past 10 years, HWM has underperformed AVGO with an annualized return of 33.28%, while AVGO has yielded a comparatively higher 40.96% 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%
AVGO
- 1D
- -0.91%
- 1M
- -8.33%
- YTD
- 10.62%
- 6M
- 6.58%
- 1Y
- 50.41%
- 3Y*
- 67.17%
- 5Y*
- 55.09%
- 10Y*
- 40.96%
HWM vs. AVGO - 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% |
AVGO Broadcom Inc. | 10.62% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between HWM and AVGO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.39 |
The correlation between HWM and AVGO shifts across timeframes, from 0.27 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$106.66B
AVGO:
$1.86T
HWM:
$4.31
AVGO:
$6.01
HWM:
61.42
AVGO:
63.58
HWM:
1.04
AVGO:
0.79
HWM:
12.42
AVGO:
24.70
HWM:
19.32
AVGO:
21.24
HWM:
$8.62B
AVGO:
$75.47B
HWM:
$2.81B
AVGO:
$50.53B
HWM:
$2.66B
AVGO:
$41.76B
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Return for Risk
HWM vs. AVGO — Risk / Return Rank
HWM
AVGO
HWM vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.77 | +1.69 |
| Martin ratioReturn relative to average drawdown | 9.77 | 4.11 | +5.66 |
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Drawdowns
HWM vs. AVGO - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for HWM and AVGO.
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Drawdown Indicators
| HWM | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -48.30% | -40.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -28.67% | +12.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -41.15% | +21.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -41.15% | +19.54% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -48.30% | -16.51% |
Current DrawdownCurrent decline from peak | -3.26% | -20.66% | +17.40% |
Average DrawdownAverage peak-to-trough decline | -31.00% | -7.98% | -23.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 12.30% | -6.69% |
Volatility
HWM vs. AVGO - Volatility Comparison
The current volatility for Howmet Aerospace Inc. (HWM) is 11.03%, while Broadcom Inc. (AVGO) has a volatility of 20.53%. This indicates that HWM experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 20.53% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 35.04% | -10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 45.57% | -14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 43.39% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 39.52% | +0.30% |
Dividends
HWM vs. AVGO - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, less than AVGO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and Broadcom 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. AVGO - 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%.
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
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%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
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%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
Frequently Asked Questions
HWM and AVGO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (20.53%) compared to HWM (11.03%). In terms of maximum drawdown, HWM dropped -88.30% vs AVGO's -48.30%.
HWM currently has the higher Sharpe Ratio (1.75 vs 1.11), 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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