HWM vs. GRMN
HWM (Howmet Aerospace Inc.) and GRMN (Garmin Ltd.) are both stocks. HWM operates in Aerospace & Defense (Industrials), while GRMN operates in Scientific & Technical Instruments (Technology). Over the past 10 years, HWM returned 32.35%/yr vs 21.12%/yr for GRMN. At a 0.37 correlation, their price movements are largely independent.
Performance
HWM vs. GRMN - Performance Comparison
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Returns By Period
In the year-to-date period, HWM achieves a 41.23% return, which is significantly higher than GRMN's 20.80% return. Over the past 10 years, HWM has outperformed GRMN with an annualized return of 32.35%, while GRMN has yielded a comparatively lower 21.12% annualized return.
HWM
- 1D
- 0.76%
- 1M
- 4.78%
- 6M
- 34.74%
- YTD
- 41.23%
- 1Y
- 55.20%
- 3Y*
- 79.77%
- 5Y*
- 55.41%
- 10Y*
- 32.35%
- ALL TIME*
- 7.60%
GRMN
- 1D
- 1.22%
- 1M
- 1.25%
- 6M
- 18.85%
- YTD
- 20.80%
- 1Y
- 6.61%
- 3Y*
- 34.06%
- 5Y*
- 11.91%
- 10Y*
- 21.12%
- ALL TIME*
- 16.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRMN Garmin Ltd. | $211.14M | $200.14M | $201.29M |
| $495.77M | $825.36M | $733.81M |
HWM vs. GRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 41.23% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
GRMN Garmin Ltd. | 20.80% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
Correlation
The correlation between HWM and GRMN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2000 | 0.37 |
The correlation between HWM and GRMN shifts across timeframes, from 0.22 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$115.74B
GRMN:
$46.88B
HWM:
$4.32
GRMN:
$8.97
HWM:
67.01
GRMN:
27.10
HWM:
1.13
GRMN:
2.18
HWM:
13.55
GRMN:
6.30
HWM:
21.11
GRMN:
5.07
HWM:
$8.62B
GRMN:
$7.46B
HWM:
$2.81B
GRMN:
$4.41B
HWM:
$2.66B
GRMN:
$2.26B
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Return for Risk
HWM vs. GRMN — Risk / Return Rank
HWM
GRMN
HWM vs. GRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Garmin Ltd. (GRMN). 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 | GRMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.24 | +3.25 |
| Martin ratioReturn relative to average drawdown | 9.78 | 0.50 | +9.28 |
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Drawdowns
HWM vs. GRMN - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, roughly equal to the maximum GRMN drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for HWM and GRMN.
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Drawdown Indicators
| HWM | GRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -87.71% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -27.97% | +12.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -27.97% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -54.63% | +34.49% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -54.63% | -10.18% |
Current DrawdownCurrent decline from peak | 0.00% | -8.75% | +8.75% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -31.44% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 13.20% | -7.54% |
Volatility
HWM vs. GRMN - Volatility Comparison
The current volatility for Howmet Aerospace Inc. (HWM) is 6.67%, while Garmin Ltd. (GRMN) has a volatility of 7.60%. This indicates that HWM experiences smaller price fluctuations and is considered to be less risky than GRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | GRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 7.60% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 24.53% | 22.16% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.04% | 30.48% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.02% | 30.55% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.64% | 28.33% | +11.31% |
Dividends
HWM vs. GRMN - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.17%, less than GRMN's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.54% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
HWM Howmet Aerospace Inc. | 0.17% | 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. GRMN - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and Garmin Ltd.. 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. GRMN - Profitability Comparison
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.
Frequently Asked Questions
HWM and GRMN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRMN has higher volatility (7.60%) compared to HWM (6.67%). In terms of maximum drawdown, HWM dropped -88.30% vs GRMN's -87.71%.
HWM currently has the higher Sharpe Ratio (1.79 vs 0.22), 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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