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HXL vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXL vs. IVV

Last updated Jun 24, 2026

HXL (Hexcel Corporation) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HXL returned 9.59%/yr vs 15.58%/yr for IVV. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

HXL vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hexcel Corporation (HXL) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXL achieves a 30.60% return, which is significantly higher than IVV's 8.20% return. Over the past 10 years, HXL has underperformed IVV with an annualized return of 9.59%, while IVV has yielded a comparatively higher 15.58% annualized 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%

IVV

1D
-1.42%
1M
-1.34%
YTD
8.20%
6M
7.25%
1Y
23.72%
3Y*
20.79%
5Y*
13.13%
10Y*
15.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXL vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXL
Hexcel Corporation		30.60%19.20%-14.19%26.24%14.41%6.83%-33.70%28.96%-6.50%21.29%
IVV
iShares Core S&P 500 ETF		8.20%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between HXL and IVV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since May 19, 2000

0.52

The correlation between HXL and IVV shifts across timeframes, from 0.37 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hexcel Corporation

iShares Core S&P 500 ETF

Often compared with HXL:
HXL vs. CDREHXL vs. HO.PAHXL vs. KTBHXL vs. MRCYHXL vs. TPRHXL vs. SPYHXL vs. BA
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

HXL vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXL
HXL Risk / Return Rank: 9191
Overall Rank
HXL Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HXL Sortino Ratio Rank: 9292
Sortino Ratio Rank
HXL Omega Ratio Rank: 8989
Omega Ratio Rank
HXL Calmar Ratio Rank: 8989
Calmar Ratio Rank
HXL Martin Ratio Rank: 9191
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 5959
Overall Rank
IVV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 5656
Sortino Ratio Rank
IVV Omega Ratio Rank: 5858
Omega Ratio Rank
IVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
IVV Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HXL vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hexcel Corporation (HXL) and iShares Core S&P 500 ETF (IVV). 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.

HXLIVVDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.91

+0.49

Sortino ratioReturn per unit of downside risk
3.37
2.60

+0.77

Omega ratioGain probability vs. loss probability

1.39

1.35

+0.04

Calmar ratioReturn relative to maximum drawdown

4.13

2.68

+1.45

Martin ratioReturn relative to average drawdown

12.89

11.98

+0.91

HXL vs. IVV - Sharpe Ratio Comparison

The current HXL Sharpe Ratio is 2.40, which is comparable to the IVV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of HXL and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HXL vs. IVV - Drawdown Comparison

The maximum HXL drawdown since its inception was -96.37%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for HXL and IVV.

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Drawdown Indicators

HXLIVVDifference

Max Drawdown

Largest peak-to-trough decline

-96.37%

-55.25%

-41.12%

Max Drawdown (1Y)

Largest decline over 1 year

-18.65%

-8.89%

-9.76%

Max Drawdown (3Y)

Largest decline over 3 years

-38.18%

-18.75%

-19.43%

Max Drawdown (5Y)

Largest decline over 5 years

-38.18%

-24.53%

-13.65%

Max Drawdown (10Y)

Largest decline over 10 years

-68.51%

-33.90%

-34.61%

Current Drawdown

Current decline from peak

-3.74%

-3.14%

-0.60%

Average Drawdown

Average peak-to-trough decline

-45.47%

-10.76%

-34.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.96%

1.99%

+3.97%

Volatility

HXL vs. IVV - Volatility Comparison

Hexcel Corporation (HXL) has a higher volatility of 10.02% compared to iShares Core S&P 500 ETF (IVV) at 4.88%. This indicates that HXL's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXLIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.02%

4.88%

+5.14%

Volatility (6M)

Calculated over the trailing 6-month period

24.06%

9.85%

+14.21%

Volatility (1Y)

Calculated over the trailing 1-year period

32.02%

12.48%

+19.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.81%

16.98%

+15.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.91%

18.07%

+18.84%

Dividends

HXL vs. IVV - Dividend Comparison

HXL's dividend yield for the trailing twelve months is around 0.73%, less than IVV's 1.11% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IVV
iShares Core S&P 500 ETF		1.11%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

HXL and IVV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HXL has higher volatility (10.02%) compared to IVV (4.88%). In terms of maximum drawdown, HXL dropped -96.37% vs IVV's -55.25%.

HXL currently has the higher Sharpe Ratio (2.40 vs 1.91), 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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