HYMC vs. AXTI

Last updated Jun 4, 2026

HYMC (Hycroft Mining Holding Corporation) and AXTI (AXT, Inc.) are both stocks. HYMC operates in Gold (Basic Materials), while AXTI operates in Semiconductor Equipment & Materials (Technology). Over the past 5 years, HYMC returned -3.24%/yr vs 58.76%/yr for AXTI. At a 0.17 correlation, their price movements are largely independent.

Performance

HYMC vs. AXTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hycroft Mining Holding Corporation (HYMC) and AXT, Inc. (AXTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYMC achieves a 35.25% return, which is significantly lower than AXTI's 552.60% return.

HYMC

• 1D: -4.94%
• 1M: -10.92%
• YTD: 35.25%
• 6M: 181.03%
• 1Y: 771.27%
• 3Y*: 112.13%
• 5Y*: -3.24%
• 10Y*: —

AXTI

• 1D: -3.74%
• 1M: 0.66%
• YTD: 552.60%
• 6M: 829.44%
• 1Y: 6,085.51%
• 3Y*: 212.99%
• 5Y*: 58.76%
• 10Y*: 40.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYMC vs. AXTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYMC Hycroft Mining Holding Corporation	35.25%	975.57%	-9.80%	-53.96%	-13.30%	-92.18%	-24.03%	4.59%	3.02%
AXTI AXT, Inc.	552.60%	653.46%	-9.58%	-45.21%	-50.28%	-7.94%	120.00%	-0.00%	-46.63%

Correlation

The correlation between HYMC and AXTI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018	0.17

Fundamentals

Market Cap HYMC : $2.89B AXTI : $5.69B
EPS HYMC : -$1.64 AXTI : -$0.30
PB Ratio HYMC : 12.89 AXTI : 20.97
Total Revenue (TTM) HYMC : $0.00 AXTI : $95.89M
Gross Profit (TTM) HYMC : -$4.65M AXTI : $20.46M
EBITDA (TTM) HYMC : -$69.17M AXTI : -$7.63M

Return for Risk

HYMC vs. AXTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYMC

HYMC Risk / Return Rank: 97
HYMC Sharpe Ratio Rank: 99
HYMC Sortino Ratio Rank: 96
HYMC Omega Ratio Rank: 94
HYMC Calmar Ratio Rank: 99
HYMC Martin Ratio Rank: 98

AXTI

AXTI Risk / Return Rank: 99
AXTI Sharpe Ratio Rank: 100
AXTI Sortino Ratio Rank: 99
AXTI Omega Ratio Rank: 98
AXTI Calmar Ratio Rank: 100
AXTI Martin Ratio Rank: 100

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.

HYMC vs. AXTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hycroft Mining Holding Corporation (HYMC) and AXT, Inc. (AXTI). 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.

	HYMC	AXTI	Difference
Sharpe ratio Return per unit of total volatility	6.56	45.71	-39.15
Sortino ratio Return per unit of downside risk	4.35	6.96	-2.61
Omega ratio Gain probability vs. loss probability	1.54	1.87	-0.32
Calmar ratio Return relative to maximum drawdown	16.87	160.12	-143.25
Martin ratio Return relative to average drawdown	35.61	490.82	-455.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYMC vs. AXTI - Sharpe Ratio Comparison

The current HYMC Sharpe Ratio is 6.56, which is lower than the AXTI Sharpe Ratio of 45.71. The chart below compares the historical Sharpe Ratios of HYMC and AXTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYMC	AXTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.56	45.71	-39.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.62	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.11	-0.21

Drawdowns

HYMC vs. AXTI - Drawdown Comparison

The maximum HYMC drawdown since its inception was -98.89%, roughly equal to the maximum AXTI drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for HYMC and AXTI.

Drawdown Indicators

	HYMC	AXTI	Difference
Max Drawdown Largest peak-to-trough decline	-98.89%	-98.57%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-46.18%	-38.65%	-7.53%
Max Drawdown (3Y) Largest decline over 3 years	-63.45%	-78.52%	+15.07%
Max Drawdown (5Y) Largest decline over 5 years	-95.39%	-90.57%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-92.45%	—
Current Drawdown Current decline from peak	-79.68%	-24.23%	-55.45%
Average Drawdown Average peak-to-trough decline	-63.32%	-82.33%	+19.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.83%	12.58%	+9.25%

Volatility

HYMC vs. AXTI - Volatility Comparison

The current volatility for Hycroft Mining Holding Corporation (HYMC) is 25.82%, while AXT, Inc. (AXTI) has a volatility of 37.30%. This indicates that HYMC experiences smaller price fluctuations and is considered to be less risky than AXTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYMC	AXTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.82%	37.30%	-11.48%
Volatility (6M) Calculated over the trailing 6-month period	93.62%	112.04%	-18.42%
Volatility (1Y) Calculated over the trailing 1-year period	118.80%	135.60%	-16.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.42%	95.88%	+56.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.02%	82.31%	+40.71%

Dividends

HYMC vs. AXTI - Dividend Comparison

Neither HYMC nor AXTI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HYMC and AXTI in my portfolio?

HYMC and AXTI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYMC or AXTI?

AXTI has higher volatility (37.30%) compared to HYMC (25.82%). In terms of maximum drawdown, HYMC dropped -98.89% vs AXTI's -98.57%.

Which has better risk-adjusted returns?

AXTI currently has the higher Sharpe Ratio (45.71 vs 6.56), 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.