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IVG.MI vs. HWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

IVG.MI vs. HWM

Last updated Jun 5, 2026

IVG.MI (Iveco Group NV) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — IVG.MI in Farm & Heavy Construction Machinery, HWM in Specialty Industrial Machinery. Over the past 3 years, IVG.MI returned 40.82%/yr vs 73.33%/yr for HWM. At a 0.14 correlation, their price movements are largely independent.

Performance

IVG.MI vs. HWM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Iveco Group NV (IVG.MI) and Howmet Aerospace Inc. (HWM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IVG.MI is traded in EUR, while HWM is traded in USD. To make them comparable, the HWM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IVG.MI achieves a 5.22% return, which is significantly lower than HWM's 25.40% return.

IVG.MI

1D
0.00%
1M
-0.36%
YTD
5.22%
6M
5.92%
1Y
14.75%
3Y*
40.82%
5Y*
—
10Y*
—

HWM

1D
1.84%
1M
0.22%
YTD
25.40%
6M
33.42%
1Y
43.30%
3Y*
73.33%
5Y*
50.29%
10Y*
31.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVG.MI vs. HWM - Yearly Performance Comparison

2026 (YTD)2025202420232022
IVG.MI
Iveco Group NV		5.22%106.07%16.74%46.56%-45.01%
HWM
Howmet Aerospace Inc.		25.40%65.65%116.09%33.71%29.04%

Correlation

The correlation between IVG.MI and HWM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.04

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2022

0.14

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Iveco Group NV

Howmet Aerospace Inc.

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Return for Risk

IVG.MI vs. HWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVG.MI
IVG.MI Risk / Return Rank: 6666
Overall Rank
IVG.MI Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IVG.MI Sortino Ratio Rank: 6060
Sortino Ratio Rank
IVG.MI Omega Ratio Rank: 7575
Omega Ratio Rank
IVG.MI Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVG.MI Martin Ratio Rank: 7070
Martin Ratio Rank
HWM
HWM Risk / Return Rank: 7979
Overall Rank
HWM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HWM Sortino Ratio Rank: 7777
Sortino Ratio Rank
HWM Omega Ratio Rank: 7474
Omega Ratio Rank
HWM Calmar Ratio Rank: 8181
Calmar Ratio Rank
HWM Martin Ratio Rank: 8484
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.

IVG.MI vs. HWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Iveco Group NV (IVG.MI) and Howmet Aerospace Inc. (HWM). 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.

IVG.MIHWMDifference
Sharpe ratioReturn per unit of total volatility
0.70
1.42

-0.72

Sortino ratioReturn per unit of downside risk
1.24
2.08

-0.84

Omega ratioGain probability vs. loss probability

1.26

1.25

+0.01

Calmar ratioReturn relative to maximum drawdown

1.04

3.06

-2.02

Martin ratioReturn relative to average drawdown

3.59

7.24

-3.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVG.MI vs. HWM - Sharpe Ratio Comparison

The current IVG.MI Sharpe Ratio is 0.70, which is lower than the HWM Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IVG.MI and HWM, 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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Sharpe Ratios by Period

IVG.MIHWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.70

1.42

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.58

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.23

+0.21

Drawdowns

IVG.MI vs. HWM - Drawdown Comparison

The maximum IVG.MI drawdown since its inception was -58.44%, smaller than the maximum HWM drawdown of -85.31%. Use the drawdown chart below to compare losses from any high point for IVG.MI and HWM.

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Drawdown Indicators

IVG.MIHWMDifference

Max Drawdown

Largest peak-to-trough decline

-58.44%

-85.31%

+26.87%

Max Drawdown (1Y)

Largest decline over 1 year

-14.08%

-14.22%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-41.37%

-23.37%

-18.00%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.37%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-64.54%

—

Current Drawdown

Current decline from peak

-0.78%

-6.31%

+5.53%

Average Drawdown

Average peak-to-trough decline

-24.05%

-47.66%

+23.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

6.00%

-1.94%

Volatility

IVG.MI vs. HWM - Volatility Comparison

The current volatility for Iveco Group NV (IVG.MI) is 0.55%, while Howmet Aerospace Inc. (HWM) has a volatility of 9.73%. This indicates that IVG.MI experiences smaller price fluctuations and is considered to be less risky than HWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVG.MIHWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.55%

9.73%

-9.18%

Volatility (6M)

Calculated over the trailing 6-month period

3.27%

23.45%

-20.18%

Volatility (1Y)

Calculated over the trailing 1-year period

20.78%

30.57%

-9.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.88%

31.87%

+8.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.88%

39.81%

+0.07%

Dividends

IVG.MI vs. HWM - Dividend Comparison

IVG.MI's dividend yield for the trailing twelve months is around 41.82%, more than HWM's 0.19% yield.

PositionTTM20252024202320222021202020192018201720162015
HWM
Howmet Aerospace Inc.		0.19%0.21%0.24%0.31%0.25%0.13%0.05%0.39%1.42%0.88%40.49%1.22%
IVG.MI
Iveco Group NV		41.82%1.76%2.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials

IVG.MI vs. HWM - Financials Comparison

This section allows you to compare key financial metrics between Iveco Group NV and Howmet Aerospace 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. IVG.MI values in EUR, HWM values in USD

Frequently Asked Questions

IVG.MI and HWM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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