HWM vs. HEIA.AS
HWM (Howmet Aerospace Inc.) and HEIA.AS (Heineken N.V.) are both stocks. HWM operates in Aerospace & Defense (Industrials), while HEIA.AS operates in Beverages - Brewers (Consumer Defensive). Over the past 10 years, HWM returned 33.28%/yr vs 1.03%/yr for HEIA.AS. At a 0.23 correlation, their price movements are largely independent.
Performance
HWM vs. HEIA.AS - Performance Comparison
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Different Trading Currencies
HWM is traded in USD, while HEIA.AS is traded in EUR. To make them comparable, the HEIA.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HWM achieves a 29.23% return, which is significantly higher than HEIA.AS's 1.34% return. Over the past 10 years, HWM has outperformed HEIA.AS with an annualized return of 33.28%, while HEIA.AS has yielded a comparatively lower 1.03% annualized return.
HWM
- 1D
- 0.03%
- 1M
- -2.83%
- YTD
- 29.23%
- 6M
- 33.60%
- 1Y
- 54.95%
- 3Y*
- 79.69%
- 5Y*
- 50.00%
- 10Y*
- 33.28%
HEIA.AS
- 1D
- -0.30%
- 1M
- 7.83%
- YTD
- 1.34%
- 6M
- 1.53%
- 1Y
- -7.03%
- 3Y*
- -4.80%
- 5Y*
- -5.32%
- 10Y*
- 1.03%
HWM vs. HEIA.AS - 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% |
HEIA.AS Heineken N.V. | 1.34% | 18.10% | -28.49% | 10.08% | -15.15% | 2.02% | 6.07% | 22.65% | -13.85% | 41.53% |
Correlation
The correlation between HWM and HEIA.AS is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2007 | 0.23 |
Over the past year, the correlation between HWM and HEIA.AS has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
HWM vs. HEIA.AS — Risk / Return Rank
HWM
HEIA.AS
HWM vs. HEIA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Heineken N.V. (HEIA.AS). 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 | HEIA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.95 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.45 | +3.91 |
| Martin ratioReturn relative to average drawdown | 9.77 | -0.74 | +10.52 |
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Drawdowns
HWM vs. HEIA.AS - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than HEIA.AS's maximum drawdown of -63.53%. Use the drawdown chart below to compare losses from any high point for HWM and HEIA.AS.
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Drawdown Indicators
| HWM | HEIA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -63.53% | -24.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -21.14% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -38.31% | +18.90% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -43.32% | +21.71% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -43.32% | -21.49% |
Current DrawdownCurrent decline from peak | -3.26% | -26.90% | +23.64% |
Average DrawdownAverage peak-to-trough decline | -31.00% | -16.54% | -14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 12.89% | -7.28% |
Volatility
HWM vs. HEIA.AS - Volatility Comparison
Howmet Aerospace Inc. (HWM) has a higher volatility of 11.03% compared to Heineken N.V. (HEIA.AS) at 8.33%. This indicates that HWM's price experiences larger fluctuations and is considered to be riskier than HEIA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | HEIA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 8.33% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 17.22% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 23.24% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 23.93% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 22.64% | +17.18% |
Dividends
HWM vs. HEIA.AS - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, less than HEIA.AS's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEIA.AS Heineken N.V. | 2.69% | 2.74% | 2.52% | 2.09% | 1.66% | 0.99% | 1.14% | 1.74% | 1.97% | 1.56% | 1.94% | 1.50% |
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. HEIA.AS - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and Heineken N.V.. 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 HEIA.AS have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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