HWM vs. BWXT
HWM (Howmet Aerospace Inc.) and BWXT (BWX Technologies, Inc.) are both stocks. Both are in the Industrials sector — HWM in Specialty Industrial Machinery, BWXT in Aerospace & Defense. Over the past 10 years, HWM returned 33.28%/yr vs 20.03%/yr for BWXT. At a 0.46 correlation, their price movements are largely independent.
Performance
HWM vs. BWXT - 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 BWXT's 12.23% return. Over the past 10 years, HWM has outperformed BWXT with an annualized return of 33.28%, while BWXT has yielded a comparatively lower 20.03% 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%
BWXT
- 1D
- -0.63%
- 1M
- -6.34%
- YTD
- 12.23%
- 6M
- 10.82%
- 1Y
- 41.19%
- 3Y*
- 43.24%
- 5Y*
- 26.18%
- 10Y*
- 20.03%
HWM vs. BWXT - 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% |
BWXT BWX Technologies, Inc. | 12.23% | 56.37% | 46.53% | 33.87% | 23.30% | -19.40% | -1.54% | 64.48% | -36.10% | 53.59% |
Correlation
The correlation between HWM and BWXT is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2010 | 0.46 |
The correlation between HWM and BWXT shifts across timeframes, from 0.46 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$106.66B
BWXT:
$17.78B
HWM:
$4.31
BWXT:
$3.75
HWM:
61.42
BWXT:
51.53
HWM:
1.04
BWXT:
13.62
HWM:
12.42
BWXT:
5.26
HWM:
19.32
BWXT:
13.89
HWM:
$8.62B
BWXT:
$3.38B
HWM:
$2.81B
BWXT:
$566.27M
HWM:
$2.66B
BWXT:
$534.48M
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Return for Risk
HWM vs. BWXT — Risk / Return Rank
HWM
BWXT
HWM vs. BWXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and BWX Technologies, Inc. (BWXT). 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 | BWXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.79 | +1.67 |
| Martin ratioReturn relative to average drawdown | 9.77 | 4.04 | +5.73 |
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Drawdowns
HWM vs. BWXT - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than BWXT's maximum drawdown of -47.88%. Use the drawdown chart below to compare losses from any high point for HWM and BWXT.
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Drawdown Indicators
| HWM | BWXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -47.88% | -40.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -23.14% | +7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -32.87% | +13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -32.92% | +11.31% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -47.74% | -17.07% |
Current DrawdownCurrent decline from peak | -3.26% | -18.75% | +15.49% |
Average DrawdownAverage peak-to-trough decline | -31.00% | -13.17% | -17.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 10.22% | -4.61% |
Volatility
HWM vs. BWXT - Volatility Comparison
Howmet Aerospace Inc. (HWM) and BWX Technologies, Inc. (BWXT) have volatilities of 11.03% and 11.22%, 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.
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Volatility by Period
| HWM | BWXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 11.22% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 34.21% | -9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 45.12% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 33.05% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 30.83% | +8.99% |
Dividends
HWM vs. BWXT - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, less than BWXT's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWXT BWX Technologies, Inc. | 0.54% | 0.58% | 0.86% | 1.20% | 1.52% | 1.75% | 1.26% | 1.10% | 1.67% | 0.69% | 0.91% | 30.37% |
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. BWXT - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and BWX Technologies, 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. BWXT - 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%.
BWXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BWX Technologies, Inc. reported a gross profit of 0.00 and revenue of 860.22M. Therefore, the gross margin over that period was 0.0%.
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%.
BWXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BWX Technologies, Inc. reported an operating income of 106.69M and revenue of 860.22M, resulting in an operating margin of 12.4%.
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%.
BWXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BWX Technologies, Inc. reported a net income of 91.19M and revenue of 860.22M, resulting in a net margin of 10.6%.
Frequently Asked Questions
HWM and BWXT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWXT has higher volatility (11.22%) compared to HWM (11.03%). In terms of maximum drawdown, HWM dropped -88.30% vs BWXT's -47.88%.
HWM currently has the higher Sharpe Ratio (1.75 vs 0.92), 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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