KRMN vs. HWM
KRMN (Karman Holdings Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — KRMN in Aerospace & Defense, HWM in Specialty Industrial Machinery. Over the past year, KRMN returned 18.60% vs 44.37% for HWM. At a 0.34 correlation, their price movements are largely independent.
Performance
KRMN vs. HWM - Performance Comparison
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Returns By Period
In the year-to-date period, KRMN achieves a -29.15% return, which is significantly lower than HWM's 21.39% return.
KRMN
- 1D
- -5.14%
- 1M
- -20.64%
- YTD
- -29.15%
- 6M
- -21.55%
- 1Y
- 18.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HWM
- 1D
- -0.83%
- 1M
- 3.77%
- YTD
- 21.39%
- 6M
- 28.10%
- 1Y
- 44.37%
- 3Y*
- 77.12%
- 5Y*
- 48.28%
- 10Y*
- 31.86%
KRMN vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KRMN Karman Holdings Inc. | -29.15% | 143.49% |
HWM Howmet Aerospace Inc. | 21.39% | 60.37% |
Correlation
The correlation between KRMN and HWM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.34 |
Fundamentals
KRMN:
$6.87B
HWM:
$100.20B
KRMN:
$0.23
HWM:
$4.31
KRMN:
229.06
HWM:
57.70
KRMN:
2.02
HWM:
0.98
KRMN:
13.13
HWM:
11.67
KRMN:
13.46
HWM:
18.15
KRMN:
$522.59M
HWM:
$8.62B
KRMN:
$183.01M
HWM:
$2.81B
KRMN:
$108.54M
HWM:
$2.66B
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Return for Risk
KRMN vs. HWM — Risk / Return Rank
KRMN
HWM
KRMN vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) 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.
| KRMN | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 2.81 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.89 | 8.10 | -7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KRMN | HWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.46 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.21 | +0.55 |
Drawdowns
KRMN vs. HWM - Drawdown Comparison
The maximum KRMN drawdown since its inception was -55.04%, smaller than the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for KRMN and HWM.
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Drawdown Indicators
| KRMN | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -88.30% | +33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -55.04% | -15.89% | -39.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.81% | — |
Current DrawdownCurrent decline from peak | -55.04% | -9.12% | -45.92% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -31.02% | +17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.06% | 5.49% | +15.57% |
Volatility
KRMN vs. HWM - Volatility Comparison
Karman Holdings Inc. (KRMN) has a higher volatility of 23.30% compared to Howmet Aerospace Inc. (HWM) at 11.35%. This indicates that KRMN'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
| KRMN | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.30% | 11.35% | +11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 24.03% | +32.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.04% | 30.55% | +38.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.47% | 32.03% | +36.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.47% | 39.78% | +28.69% |
Dividends
KRMN vs. HWM - Dividend Comparison
KRMN has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.19%.
| 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% |
KRMN Karman Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
KRMN vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Karman Holdings Inc. 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
KRMN vs. HWM - Profitability Comparison
KRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a gross profit of 63.87M and revenue of 151.21M. Therefore, the gross margin over that period was 42.2%.
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%.
KRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported an operating income of 21.45M and revenue of 151.21M, resulting in an operating margin of 14.2%.
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%.
KRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a net income of 7.79M and revenue of 151.21M, resulting in a net margin of 5.2%.
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
KRMN and HWM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRMN has higher volatility (23.30%) compared to HWM (11.35%). In terms of maximum drawdown, KRMN dropped -55.04% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.46 vs 0.27), 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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