KLAC vs. HWM
KLAC (KLA Corporation) and HWM (Howmet Aerospace Inc.) are both stocks. KLAC operates in Semiconductor Equipment & Materials (Technology), while HWM operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, KLAC returned 42.36%/yr vs 31.79%/yr for HWM. At a 0.30 correlation, their price movements are largely independent.
Performance
KLAC vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, KLAC achieves a 73.94% return, which is significantly higher than HWM's 20.38% return. Over the past 10 years, KLAC has outperformed HWM with an annualized return of 42.36%, while HWM has yielded a comparatively lower 31.79% annualized return.
KLAC
- 1D
- 9.27%
- 1M
- 12.92%
- YTD
- 73.94%
- 6M
- 72.59%
- 1Y
- 162.58%
- 3Y*
- 66.83%
- 5Y*
- 47.83%
- 10Y*
- 42.36%
HWM
- 1D
- -2.12%
- 1M
- -8.87%
- YTD
- 20.38%
- 6M
- 27.45%
- 1Y
- 40.91%
- 3Y*
- 75.58%
- 5Y*
- 48.17%
- 10Y*
- 31.79%
KLAC vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLAC KLA Corporation | 73.94% | 94.48% | 9.36% | 56.05% | -11.20% | 68.05% | 47.94% | 103.99% | -12.49% | 36.80% |
HWM Howmet Aerospace Inc. | 20.38% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between KLAC and HWM 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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.30 |
The correlation between KLAC and HWM shifts across timeframes, from 0.30 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KLAC:
$278.42B
HWM:
$99.36B
KLAC:
$35.29
HWM:
$4.31
KLAC:
59.74
HWM:
57.22
KLAC:
2.23
HWM:
0.97
KLAC:
21.30
HWM:
11.57
KLAC:
47.75
HWM:
17.99
KLAC:
$13.10B
HWM:
$8.62B
KLAC:
$8.09B
HWM:
$2.81B
KLAC:
$5.77B
HWM:
$2.66B
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Return for Risk
KLAC vs. HWM — Risk / Return Rank
KLAC
HWM
KLAC vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KLA Corporation (KLAC) 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.
| KLAC | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.24 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 7.30 | 2.59 | +4.71 |
| Martin ratioReturn relative to average drawdown | 23.22 | 7.37 | +15.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KLAC | HWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.43 | 1.34 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 1.51 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.80 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.21 | +0.24 |
Drawdowns
KLAC vs. HWM - Drawdown Comparison
The maximum KLAC drawdown since its inception was -83.74%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for KLAC and HWM.
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Drawdown Indicators
| KLAC | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.74% | -88.30% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -15.89% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -34.95% | -19.41% | -15.54% |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | -22.40% | -17.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.28% | -64.81% | +24.53% |
Current DrawdownCurrent decline from peak | -1.08% | -9.88% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -29.34% | -31.01% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 5.58% | +1.45% |
Volatility
KLAC vs. HWM - Volatility Comparison
KLA Corporation (KLAC) has a higher volatility of 19.61% compared to Howmet Aerospace Inc. (HWM) at 7.62%. This indicates that KLAC's price experiences larger fluctuations and is considered to be riskier 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
| KLAC | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.61% | 7.62% | +11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 40.06% | 24.08% | +15.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.74% | 30.70% | +17.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.46% | 32.04% | +11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.64% | 39.78% | +1.86% |
Dividends
KLAC vs. HWM - Dividend Comparison
KLAC's dividend yield for the trailing twelve months is around 0.38%, more than HWM's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KLAC KLA Corporation | 0.38% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Financials
KLAC vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between KLA Corporation 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.
Total Revenue: Total amount of money received from sales and other business activities
KLAC vs. HWM - Profitability Comparison
KLAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a gross profit of 2.09B and revenue of 3.42B. Therefore, the gross margin over that period was 61.1%.
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.
KLAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported an operating income of 1.41B and revenue of 3.42B, resulting in an operating margin of 41.2%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
KLAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a net income of 1.20B and revenue of 3.42B, resulting in a net margin of 35.2%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.
Frequently Asked Questions
KLAC and HWM 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.
KLAC has higher volatility (19.61%) compared to HWM (7.62%). In terms of maximum drawdown, KLAC dropped -83.74% vs HWM's -88.30%.
KLAC currently has the higher Sharpe Ratio (3.43 vs 1.34), 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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