JHX vs. NOAH
JHX (James Hardie Industries plc) and NOAH (Noah Holdings Limited) are both stocks. JHX operates in Building Materials (Basic Materials), while NOAH operates in Asset Management (Financial Services). Over the past 10 years, JHX returned 6.28%/yr vs -5.91%/yr for NOAH. At a 0.23 correlation, their price movements are largely independent.
Performance
JHX vs. NOAH - Performance Comparison
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Returns By Period
In the year-to-date period, JHX achieves a 29.93% return, which is significantly higher than NOAH's -4.10% return. Over the past 10 years, JHX has outperformed NOAH with an annualized return of 6.28%, while NOAH has yielded a comparatively lower -5.91% annualized return.
JHX
- 1D
- 2.51%
- 1M
- 5.19%
- 6M
- 12.33%
- YTD
- 29.93%
- 1Y
- 1.16%
- 3Y*
- -0.80%
- 5Y*
- -4.11%
- 10Y*
- 6.28%
NOAH
- 1D
- 0.00%
- 1M
- -8.30%
- 6M
- -13.88%
- YTD
- -4.10%
- 1Y
- -20.23%
- 3Y*
- -3.92%
- 5Y*
- -20.18%
- 10Y*
- -5.91%
JHX vs. NOAH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHX James Hardie Industries plc | 29.93% | -32.65% | -20.33% | 115.55% | -55.39% | 41.66% | 51.02% | 71.63% | -31.53% | 12.83% |
NOAH Noah Holdings Limited | -4.10% | -5.58% | 6.83% | -8.37% | -49.49% | -35.81% | 35.17% | -18.35% | -6.40% | 111.04% |
Correlation
The correlation between JHX and NOAH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2010 | 0.23 |
The correlation between JHX and NOAH shifts across timeframes, from 0.13 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
JHX:
$15.65B
NOAH:
$599.40M
JHX:
$0.21
NOAH:
CN¥38.08
JHX:
131.35
NOAH:
1.60
JHX:
3.55
NOAH:
0.33
JHX:
$4.40B
NOAH:
CN¥2.61B
JHX:
$1.58B
NOAH:
CN¥2.07B
JHX:
$797.30M
NOAH:
CN¥683.80M
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Return for Risk
JHX vs. NOAH — Risk / Return Rank
JHX
NOAH
JHX vs. NOAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for James Hardie Industries plc (JHX) and Noah Holdings Limited (NOAH). 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.
| JHX | NOAH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.91 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.79 | +0.82 |
| Martin ratioReturn relative to average drawdown | 0.04 | -1.49 | +1.54 |
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Drawdowns
JHX vs. NOAH - Drawdown Comparison
The maximum JHX drawdown since its inception was -75.86%, smaller than the maximum NOAH drawdown of -86.16%. Use the drawdown chart below to compare losses from any high point for JHX and NOAH.
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Drawdown Indicators
| JHX | NOAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.86% | -86.16% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -43.73% | -25.67% | -18.06% |
Max Drawdown (3Y)Largest decline over 3 years | -60.26% | -44.80% | -15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -60.26% | -80.36% | +20.10% |
Max Drawdown (10Y)Largest decline over 10 years | -60.26% | -86.16% | +25.90% |
Current DrawdownCurrent decline from peak | -35.81% | -79.68% | +43.87% |
Average DrawdownAverage peak-to-trough decline | -18.35% | -49.10% | +30.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.36% | 13.55% | +13.81% |
Volatility
JHX vs. NOAH - Volatility Comparison
James Hardie Industries plc (JHX) has a higher volatility of 12.09% compared to Noah Holdings Limited (NOAH) at 9.31%. This indicates that JHX's price experiences larger fluctuations and is considered to be riskier than NOAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHX | NOAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.09% | 9.31% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 34.77% | 23.52% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.49% | 32.56% | +23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.98% | 54.93% | -10.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.59% | 50.53% | -9.94% |
Dividends
JHX vs. NOAH - Dividend Comparison
JHX has not paid dividends to shareholders, while NOAH's dividend yield for the trailing twelve months is around 7.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHX James Hardie Industries plc | 0.00% | 0.00% | 0.00% | 0.00% | 1.67% | 2.70% | 0.00% | 1.83% | 3.41% | 1.61% | 1.90% | 4.58% |
NOAH Noah Holdings Limited | 7.69% | 11.53% | 18.15% | 2.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
JHX vs. NOAH - Financials Comparison
This section allows you to compare key financial metrics between James Hardie Industries plc and Noah Holdings 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
JHX vs. NOAH - Profitability Comparison
JHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, James Hardie Industries plc reported a gross profit of 448.20M and revenue of 1.24B. Therefore, the gross margin over that period was 36.2%.
NOAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Noah Holdings Limited reported a gross profit of 523.29M and revenue of 625.75M. Therefore, the gross margin over that period was 83.6%.
JHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, James Hardie Industries plc reported an operating income of 181.60M and revenue of 1.24B, resulting in an operating margin of 14.7%.
NOAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Noah Holdings Limited reported an operating income of 236.44M and revenue of 625.75M, resulting in an operating margin of 37.8%.
JHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, James Hardie Industries plc reported a net income of 68.70M and revenue of 1.24B, resulting in a net margin of 5.5%.
NOAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Noah Holdings Limited reported a net income of 124.72M and revenue of 625.75M, resulting in a net margin of 19.9%.
Frequently Asked Questions
JHX and NOAH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHX has higher volatility (12.09%) compared to NOAH (9.31%). In terms of maximum drawdown, JHX dropped -75.86% vs NOAH's -86.16%.
JHX currently has the higher Sharpe Ratio (0.02 vs -0.62), 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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