HWM vs. NVS
HWM (Howmet Aerospace Inc.) and NVS (Novartis AG) are both stocks. HWM operates in Specialty Industrial Machinery (Industrials), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, HWM returned 33.28%/yr vs 11.14%/yr for NVS. At a 0.26 correlation, their price movements are largely independent.
Performance
HWM vs. NVS - 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 NVS's 14.40% return. Over the past 10 years, HWM has outperformed NVS with an annualized return of 33.28%, while NVS has yielded a comparatively lower 11.14% 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%
NVS
- 1D
- -0.55%
- 1M
- 2.22%
- YTD
- 14.40%
- 6M
- 18.98%
- 1Y
- 30.60%
- 3Y*
- 19.57%
- 5Y*
- 14.77%
- 10Y*
- 11.14%
HWM vs. NVS - 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% |
NVS Novartis AG | 14.40% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
Correlation
The correlation between HWM and NVS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 1996 | 0.26 |
The correlation between HWM and NVS shifts across timeframes, from 0.12 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$106.66B
NVS:
$293.28B
HWM:
$4.31
NVS:
$6.99
HWM:
61.42
NVS:
21.90
HWM:
1.04
NVS:
1.48
HWM:
12.42
NVS:
5.29
HWM:
19.32
NVS:
7.62
HWM:
$8.62B
NVS:
$56.05B
HWM:
$2.81B
NVS:
$42.19B
HWM:
$2.66B
NVS:
$22.40B
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Return for Risk
HWM vs. NVS — Risk / Return Rank
HWM
NVS
HWM vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Novartis AG (NVS). 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 | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.43 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.77 | 5.88 | +3.89 |
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Drawdowns
HWM vs. NVS - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for HWM and NVS.
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Drawdown Indicators
| HWM | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -42.10% | -46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -12.65% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -19.95% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -20.42% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -26.03% | -38.78% |
Current DrawdownCurrent decline from peak | -3.26% | -6.46% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -31.00% | -10.92% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 5.23% | +0.38% |
Volatility
HWM vs. NVS - Volatility Comparison
Howmet Aerospace Inc. (HWM) has a higher volatility of 11.03% compared to Novartis AG (NVS) at 7.18%. This indicates that HWM's price experiences larger fluctuations and is considered to be riskier than NVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 7.18% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 14.96% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 21.02% | +10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 18.89% | +13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 19.64% | +20.18% |
Dividends
HWM vs. NVS - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, less than NVS's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVS Novartis AG | 3.12% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
Financials
HWM vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace Inc. and Novartis AG. 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. NVS - 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%.
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.
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%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.
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%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.
Frequently Asked Questions
HWM and NVS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWM has higher volatility (11.03%) compared to NVS (7.18%). In terms of maximum drawdown, HWM dropped -88.30% vs NVS's -42.10%.
HWM currently has the higher Sharpe Ratio (1.75 vs 1.47), 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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