KRO vs. VHI

Last updated Jun 3, 2026

KRO (Kronos Worldwide, Inc.) and VHI (Valhi, Inc.) are both stocks. Both are in the Basic Materials sector — KRO in Specialty Chemicals, VHI in Chemicals. Over the past 10 years, KRO returned 7.19%/yr vs -3.59%/yr for VHI. At a 0.37 correlation, their price movements are largely independent.

Performance

KRO vs. VHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kronos Worldwide, Inc. (KRO) and Valhi, Inc. (VHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRO achieves a 65.10% return, which is significantly higher than VHI's 20.13% return. Over the past 10 years, KRO has outperformed VHI with an annualized return of 7.19%, while VHI has yielded a comparatively lower -3.59% annualized return.

KRO

• 1D: 3.43%
• 1M: -8.25%
• YTD: 65.10%
• 6M: 56.93%
• 1Y: 20.20%
• 3Y*: -2.21%
• 5Y*: -10.59%
• 10Y*: 7.19%

VHI

• 1D: -0.48%
• 1M: -5.64%
• YTD: 20.13%
• 6M: 19.34%
• 1Y: 3.56%
• 3Y*: 5.05%
• 5Y*: -10.78%
• 10Y*: -3.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KRO vs. VHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRO Kronos Worldwide, Inc.	65.10%	-53.09%	2.51%	14.94%	-33.72%	5.76%	18.29%	23.04%	-53.63%	122.91%
VHI Valhi, Inc.	20.13%	-47.36%	56.45%	-29.43%	-22.66%	91.70%	-30.01%	0.36%	-68.02%	82.77%

Correlation

The correlation between KRO and VHI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 10, 2003	0.37

The correlation between KRO and VHI shifts across timeframes, from 0.37 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KRO : $831.45M VHI : $410.12M
EPS KRO : -$1.16 VHI : -$2.34
PS Ratio KRO : 0.44 VHI : 0.20
PB Ratio KRO : 1.12 VHI : 0.40
Total Revenue (TTM) KRO : $1.88B VHI : $2.10B
Gross Profit (TTM) KRO : $189.50M VHI : $280.00M
EBITDA (TTM) KRO : -$1.60M VHI : $59.90M

Return for Risk

KRO vs. VHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KRO

KRO Risk / Return Rank: 51
KRO Sharpe Ratio Rank: 54
KRO Sortino Ratio Rank: 52
KRO Omega Ratio Rank: 48
KRO Calmar Ratio Rank: 52
KRO Martin Ratio Rank: 51

VHI

VHI Risk / Return Rank: 41
VHI Sharpe Ratio Rank: 43
VHI Sortino Ratio Rank: 41
VHI Omega Ratio Rank: 39
VHI Calmar Ratio Rank: 40
VHI Martin Ratio Rank: 40

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.

KRO vs. VHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kronos Worldwide, Inc. (KRO) and Valhi, Inc. (VHI). 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.

	KRO	VHI	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.07	+0.32
Sortino ratio Return per unit of downside risk	0.93	0.51	+0.42
Omega ratio Gain probability vs. loss probability	1.10	1.06	+0.05
Calmar ratio Return relative to maximum drawdown	0.50	0.03	+0.47
Martin ratio Return relative to average drawdown	0.98	0.05	+0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRO vs. VHI - Sharpe Ratio Comparison

The current KRO Sharpe Ratio is 0.39, which is higher than the VHI Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of KRO and VHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KRO	VHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.07	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	-0.20	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	-0.06	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.08	-0.01

Drawdowns

KRO vs. VHI - Drawdown Comparison

The maximum KRO drawdown since its inception was -87.14%, smaller than the maximum VHI drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for KRO and VHI.

Drawdown Indicators

	KRO	VHI	Difference
Max Drawdown Largest peak-to-trough decline	-87.14%	-95.62%	+8.48%
Max Drawdown (1Y) Largest decline over 1 year	-36.91%	-38.60%	+1.69%
Max Drawdown (3Y) Largest decline over 3 years	-68.73%	-71.34%	+2.61%
Max Drawdown (5Y) Largest decline over 5 years	-73.20%	-79.04%	+5.84%
Max Drawdown (10Y) Largest decline over 10 years	-77.56%	-90.74%	+13.18%
Current Drawdown Current decline from peak	-61.74%	-92.31%	+30.57%
Average Drawdown Average peak-to-trough decline	-45.31%	-50.97%	+5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.91%	23.03%	-4.12%

Volatility

KRO vs. VHI - Volatility Comparison

Kronos Worldwide, Inc. (KRO) has a higher volatility of 18.35% compared to Valhi, Inc. (VHI) at 15.88%. This indicates that KRO's price experiences larger fluctuations and is considered to be riskier than VHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRO	VHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.35%	15.88%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	38.36%	36.05%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	52.19%	49.54%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.33%	55.50%	-12.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.20%	63.32%	-19.12%

Dividends

KRO vs. VHI - Dividend Comparison

KRO's dividend yield for the trailing twelve months is around 2.77%, more than VHI's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KRO Kronos Worldwide, Inc.	2.77%	4.52%	4.92%	7.65%	8.09%	4.80%	4.83%	5.37%	5.90%	2.33%	5.03%	10.64%
VHI Valhi, Inc.	2.22%	2.66%	1.37%	2.11%	1.45%	1.11%	3.16%	4.28%	4.15%	1.30%	2.31%	5.97%

Financials

KRO vs. VHI - Profitability Comparison

The chart below illustrates the profitability comparison between Kronos Worldwide, Inc. and Valhi, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kronos Worldwide, Inc. reported a gross profit of 83.30M and revenue of 509.80M. Therefore, the gross margin over that period was 16.3%.

VHI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported a gross profit of 107.10M and revenue of 564.20M. Therefore, the gross margin over that period was 19.0%.

KRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kronos Worldwide, Inc. reported an operating income of 12.60M and revenue of 509.80M, resulting in an operating margin of 2.5%.

VHI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported an operating income of 14.10M and revenue of 564.20M, resulting in an operating margin of 2.5%.

KRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kronos Worldwide, Inc. reported a net income of -4.80M and revenue of 509.80M, resulting in a net margin of -0.9%.

VHI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported a net income of 7.80M and revenue of 564.20M, resulting in a net margin of 1.4%.

Frequently Asked Questions

Can I hold both KRO and VHI in my portfolio?

KRO and VHI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KRO or VHI?

KRO has higher volatility (18.35%) compared to VHI (15.88%). In terms of maximum drawdown, KRO dropped -87.14% vs VHI's -95.62%.

Which has better risk-adjusted returns?

KRO currently has the higher Sharpe Ratio (0.39 vs 0.07), 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.