HXL vs. CDRE
HXL (Hexcel Corporation) and CDRE (Cadre Holdings, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, HXL returned 11.34%/yr vs 11.75%/yr for CDRE. At a 0.34 correlation, their price movements are largely independent.
Performance
HXL vs. CDRE - Performance Comparison
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Returns By Period
In the year-to-date period, HXL achieves a 30.60% return, which is significantly higher than CDRE's -32.19% return.
HXL
- 1D
- -3.07%
- 1M
- 11.52%
- YTD
- 30.60%
- 6M
- 26.19%
- 1Y
- 76.57%
- 3Y*
- 11.34%
- 5Y*
- 9.19%
- 10Y*
- 9.59%
CDRE
- 1D
- -0.11%
- 1M
- -9.17%
- YTD
- -32.19%
- 6M
- -34.53%
- 1Y
- -15.11%
- 3Y*
- 11.75%
- 5Y*
- —
- 10Y*
- —
HXL vs. CDRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HXL Hexcel Corporation | 30.60% | 19.20% | -14.19% | 26.24% | 14.41% | -11.71% |
CDRE Cadre Holdings, Inc. | -32.19% | 27.80% | -0.79% | 65.53% | -19.74% | 70.14% |
Correlation
The correlation between HXL and CDRE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021 | 0.34 |
Fundamentals
HXL:
$7.37B
CDRE:
$1.19B
HXL:
$1.49
CDRE:
$0.87
HXL:
64.35
CDRE:
31.47
HXL:
0.37
CDRE:
0.26
HXL:
3.91
CDRE:
1.83
HXL:
5.82
CDRE:
3.55
HXL:
$1.94B
CDRE:
$635.63M
HXL:
$467.10M
CDRE:
$258.01M
HXL:
$277.80M
CDRE:
$82.14M
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Return for Risk
HXL vs. CDRE — Risk / Return Rank
HXL
CDRE
HXL vs. CDRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hexcel Corporation (HXL) and Cadre Holdings, Inc. (CDRE). 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.
| HXL | CDRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.98 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | -0.37 | +4.50 |
| Martin ratioReturn relative to average drawdown | 12.89 | -0.81 | +13.69 |
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Drawdowns
HXL vs. CDRE - Drawdown Comparison
The maximum HXL drawdown since its inception was -96.37%, which is greater than CDRE's maximum drawdown of -40.57%. Use the drawdown chart below to compare losses from any high point for HXL and CDRE.
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Drawdown Indicators
| HXL | CDRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -40.57% | -55.80% |
Max Drawdown (1Y)Largest decline over 1 year | -18.65% | -40.57% | +21.92% |
Max Drawdown (3Y)Largest decline over 3 years | -38.18% | -40.57% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -38.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.51% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -40.04% | +36.30% |
Average DrawdownAverage peak-to-trough decline | -45.47% | -14.71% | -30.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 18.77% | -12.81% |
Volatility
HXL vs. CDRE - Volatility Comparison
The current volatility for Hexcel Corporation (HXL) is 10.02%, while Cadre Holdings, Inc. (CDRE) has a volatility of 11.28%. This indicates that HXL experiences smaller price fluctuations and is considered to be less risky than CDRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXL | CDRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 11.28% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 37.19% | -13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.02% | 47.21% | -15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.81% | 45.86% | -13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.91% | 45.86% | -8.95% |
Dividends
HXL vs. CDRE - Dividend Comparison
HXL's dividend yield for the trailing twelve months is around 0.73%, less than CDRE's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDRE Cadre Holdings, Inc. | 1.42% | 0.93% | 1.08% | 0.97% | 1.59% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HXL Hexcel Corporation | 0.73% | 0.92% | 0.96% | 0.68% | 0.68% | 0.00% | 0.35% | 0.87% | 0.96% | 0.76% | 0.84% | 0.86% |
Financials
HXL vs. CDRE - Financials Comparison
This section allows you to compare key financial metrics between Hexcel Corporation and Cadre Holdings, 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
HXL vs. CDRE - Profitability Comparison
HXL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported a gross profit of 134.70M and revenue of 501.50M. Therefore, the gross margin over that period was 26.9%.
CDRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported a gross profit of 60.17M and revenue of 155.43M. Therefore, the gross margin over that period was 38.7%.
HXL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported an operating income of 57.60M and revenue of 501.50M, resulting in an operating margin of 11.5%.
CDRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported an operating income of 7.49M and revenue of 155.43M, resulting in an operating margin of 4.8%.
HXL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported a net income of 37.20M and revenue of 501.50M, resulting in a net margin of 7.4%.
CDRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported a net income of 1.98M and revenue of 155.43M, resulting in a net margin of 1.3%.
Frequently Asked Questions
HXL and CDRE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDRE has higher volatility (11.28%) compared to HXL (10.02%). In terms of maximum drawdown, HXL dropped -96.37% vs CDRE's -40.57%.
HXL currently has the higher Sharpe Ratio (2.40 vs -0.32), 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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