IAG.L vs. HMY
IAG.L (International Consolidated Airlines Group S.A) and HMY (Harmony Gold Mining Company Limited) are both stocks. IAG.L operates in Airlines (Industrials), while HMY operates in Gold (Basic Materials). Over the past 10 years, IAG.L returned 12.33%/yr vs 18.30%/yr for HMY. At a correlation of -0.01, they often move in opposite directions.
Performance
IAG.L vs. HMY - Performance Comparison
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Different Trading Currencies
IAG.L is traded in GBp, while HMY is traded in USD. To make them comparable, the HMY values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAG.L achieves a 5.29% return, which is significantly higher than HMY's -18.35% return. Over the past 10 years, IAG.L has underperformed HMY with an annualized return of 12.33%, while HMY has yielded a comparatively higher 18.30% annualized return.
IAG.L
- 1D
- 7.07%
- 1M
- 13.48%
- YTD
- 5.29%
- 6M
- 8.05%
- 1Y
- 41.42%
- 3Y*
- 39.82%
- 5Y*
- 17.40%
- 10Y*
- 12.33%
HMY
- 1D
- 4.36%
- 1M
- -8.71%
- YTD
- -18.35%
- 6M
- -20.95%
- 1Y
- 9.58%
- 3Y*
- 52.09%
- 5Y*
- 31.01%
- 10Y*
- 18.30%
IAG.L vs. HMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG.L International Consolidated Airlines Group S.A | 5.29% | 40.91% | 97.04% | 25.16% | -13.08% | -10.84% | -41.84% | 20.62% | 2.06% | 56.82% |
HMY Harmony Gold Mining Company Limited | -18.35% | 127.98% | 37.75% | 73.38% | -6.48% | -9.40% | 25.14% | 95.08% | 1.40% | -20.46% |
Correlation
The correlation between IAG.L and HMY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | -0.01 |
The correlation between IAG.L and HMY shifts across timeframes, from -0.01 (10 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IAG.L:
£21.74B
HMY:
$9.49B
IAG.L:
€0.98
HMY:
ZAR 41.64
IAG.L:
5.14
HMY:
0.36
IAG.L:
0.04
HMY:
0.00
IAG.L:
0.57
HMY:
0.06
IAG.L:
3.31
HMY:
0.18
IAG.L:
€42.52B
HMY:
ZAR 150.28B
IAG.L:
€9.71B
HMY:
ZAR 57.55B
IAG.L:
€8.77B
HMY:
ZAR 55.56B
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Return for Risk
IAG.L vs. HMY — Risk / Return Rank
IAG.L
HMY
IAG.L vs. HMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Consolidated Airlines Group S.A (IAG.L) and Harmony Gold Mining Company Limited (HMY). 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.
| IAG.L | HMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.22 | +1.21 |
| Martin ratioReturn relative to average drawdown | 3.76 | 0.50 | +3.26 |
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Drawdowns
IAG.L vs. HMY - Drawdown Comparison
The maximum IAG.L drawdown since its inception was -80.97%, smaller than the maximum HMY drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for IAG.L and HMY.
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Drawdown Indicators
| IAG.L | HMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.97% | -96.21% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -47.08% | +21.93% |
Max Drawdown (3Y)Largest decline over 3 years | -38.74% | -47.08% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -53.24% | -55.05% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -75.58% | -67.79% | -7.79% |
Current DrawdownCurrent decline from peak | -4.61% | -36.06% | +31.45% |
Average DrawdownAverage peak-to-trough decline | -37.38% | -52.57% | +15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 20.89% | -11.29% |
Volatility
IAG.L vs. HMY - Volatility Comparison
The current volatility for International Consolidated Airlines Group S.A (IAG.L) is 11.36%, while Harmony Gold Mining Company Limited (HMY) has a volatility of 20.30%. This indicates that IAG.L experiences smaller price fluctuations and is considered to be less risky than HMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAG.L | HMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.36% | 20.30% | -8.94% |
Volatility (6M)Calculated over the trailing 6-month period | 28.94% | 46.61% | -17.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.59% | 62.91% | -26.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.08% | 56.06% | -16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.42% | 59.67% | -11.25% |
Dividends
IAG.L vs. HMY - Dividend Comparison
IAG.L's dividend yield for the trailing twelve months is around 2.16%, less than HMY's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% | 0.00% |
IAG.L International Consolidated Airlines Group S.A | 2.16% | 2.27% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 13.57% | 7.50% | 5.65% | 6.92% | 2.28% |
Financials
IAG.L vs. HMY - Financials Comparison
This section allows you to compare key financial metrics between International Consolidated Airlines Group S.A and Harmony Gold Mining Company Limited. 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
IAG.L vs. HMY - Profitability Comparison
IAG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a gross profit of 4.15B and revenue of 17.28B. Therefore, the gross margin over that period was 24.0%.
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
IAG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported an operating income of 3.09B and revenue of 17.28B, resulting in an operating margin of 17.9%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
IAG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a net income of 2.04B and revenue of 17.28B, resulting in a net margin of 11.8%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
Frequently Asked Questions
IAG.L and HMY have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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