HWM vs. VDE
HWM (Howmet Aerospace Inc.) is a stock, while VDE (Vanguard Energy ETF) is Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 10 years, HWM returned 31.20%/yr vs 8.95%/yr for VDE. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
HWM vs. VDE - Performance Comparison
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Returns By Period
In the year-to-date period, HWM achieves a 32.45% return, which is significantly higher than VDE's 28.77% return. Over the past 10 years, HWM has outperformed VDE with an annualized return of 31.20%, while VDE has yielded a comparatively lower 8.95% annualized return.
HWM
- 1D
- 0.16%
- 1M
- 2.50%
- 6M
- 23.35%
- YTD
- 32.45%
- 1Y
- 51.32%
- 3Y*
- 76.93%
- 5Y*
- 53.03%
- 10Y*
- 31.20%
VDE
- 1D
- 2.99%
- 1M
- -0.69%
- 6M
- 24.27%
- YTD
- 28.77%
- 1Y
- 31.76%
- 3Y*
- 15.65%
- 5Y*
- 21.73%
- 10Y*
- 8.95%
HWM vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 32.45% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
VDE Vanguard Energy ETF | 28.77% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Correlation
The correlation between HWM and VDE is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.53 |
The correlation between HWM and VDE shifts across timeframes, from -0.15 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HWM vs. VDE — Risk / Return Rank
HWM
VDE
HWM vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Vanguard Energy ETF (VDE). 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 | VDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.12 | +1.13 |
| Martin ratioReturn relative to average drawdown | 9.11 | 5.84 | +3.27 |
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Drawdowns
HWM vs. VDE - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, which is greater than VDE's maximum drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for HWM and VDE.
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Drawdown Indicators
| HWM | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -74.20% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -15.04% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -21.41% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -26.58% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | -69.29% | +4.48% |
Current DrawdownCurrent decline from peak | -4.22% | -8.89% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -30.97% | -19.92% | -11.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 5.48% | +0.17% |
Volatility
HWM vs. VDE - Volatility Comparison
Howmet Aerospace Inc. (HWM) has a higher volatility of 8.72% compared to Vanguard Energy ETF (VDE) at 7.20%. This indicates that HWM's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWM | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 7.20% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 16.59% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.08% | 20.93% | +10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.13% | 26.33% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.64% | 29.92% | +9.72% |
Dividends
HWM vs. VDE - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.18%, less than VDE's 2.52% 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% |
VDE Vanguard Energy ETF | 2.52% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
HWM and VDE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWM has higher volatility (8.72%) compared to VDE (7.20%). In terms of maximum drawdown, HWM dropped -88.30% vs VDE's -74.20%.
HWM currently has the higher Sharpe Ratio (1.66 vs 1.53), 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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