LNW vs. HCI

Last updated Jun 4, 2026

LNW (Light & Wonder Inc) and HCI (HCI Group, Inc.) are both stocks. LNW operates in Gambling (Consumer Cyclical), while HCI operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, LNW returned 24.15%/yr vs 19.90%/yr for HCI. At a 0.16 correlation, their price movements are largely independent.

Performance

LNW vs. HCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Light & Wonder Inc (LNW) and HCI Group, Inc. (HCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, LNW has outperformed HCI with an annualized return of 24.15%, while HCI has yielded a comparatively lower 19.90% annualized return.

LNW

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.54%
• 3Y*: 11.21%
• 5Y*: 3.22%
• 10Y*: 24.15%

HCI

• 1D: -1.54%
• 1M: 0.64%
• YTD: -21.44%
• 6M: -16.17%
• 1Y: -8.31%
• 3Y*: 41.73%
• 5Y*: 14.96%
• 10Y*: 19.90%

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

LNW vs. HCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNW Light & Wonder Inc	0.00%	-0.19%	5.20%	40.12%	-12.31%	61.07%	54.93%	49.78%	-65.15%	266.43%
HCI HCI Group, Inc.	-21.44%	66.27%	35.46%	126.76%	-51.20%	62.74%	18.45%	-6.80%	75.98%	-21.53%

Correlation

The correlation between LNW and HCI is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 16, 2008	0.16

The correlation between LNW and HCI shifts across timeframes, from 0.02 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LNW : $6.83B HCI : $1.93B
EPS LNW : $5.06 HCI : $24.40
PE Ratio LNW : 17.04 HCI : 6.14
PEG Ratio LNW : 0.07 HCI : 0.01
PS Ratio LNW : 2.17 HCI : 2.08
PB Ratio LNW : 21.96 HCI : 1.77
Total Revenue (TTM) LNW : $3.33B HCI : $927.48M
Gross Profit (TTM) LNW : $2.37B HCI : $617.14M
EBITDA (TTM) LNW : $1.01B HCI : $459.34M

Return for Risk

LNW vs. HCI — Risk / Return Rank

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

LNW

LNW Risk / Return Rank: 41
LNW Sharpe Ratio Rank: 43
LNW Sortino Ratio Rank: 38
LNW Omega Ratio Rank: 41
LNW Calmar Ratio Rank: 42
LNW Martin Ratio Rank: 41

HCI

HCI Risk / Return Rank: 29
HCI Sharpe Ratio Rank: 30
HCI Sortino Ratio Rank: 26
HCI Omega Ratio Rank: 26
HCI Calmar Ratio Rank: 31
HCI Martin Ratio Rank: 31

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.

LNW vs. HCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Light & Wonder Inc (LNW) and HCI Group, Inc. (HCI). 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.

	LNW	HCI	Difference
Sharpe ratio Return per unit of total volatility	0.06	-0.26	+0.32
Sortino ratio Return per unit of downside risk	0.33	-0.17	+0.50
Omega ratio Gain probability vs. loss probability	1.06	0.98	+0.08
Calmar ratio Return relative to maximum drawdown	0.07	-0.30	+0.37
Martin ratio Return relative to average drawdown	0.14	-0.50	+0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LNW vs. HCI - Sharpe Ratio Comparison

The current LNW Sharpe Ratio is 0.06, which is higher than the HCI Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of LNW and HCI, 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

	LNW	HCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	-0.26	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.35	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.48	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.54	-0.39

Drawdowns

LNW vs. HCI - Drawdown Comparison

The maximum LNW drawdown since its inception was -96.51%, which is greater than HCI's maximum drawdown of -78.79%. Use the drawdown chart below to compare losses from any high point for LNW and HCI.

Drawdown Indicators

	LNW	HCI	Difference
Max Drawdown Largest peak-to-trough decline	-96.51%	-78.79%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-29.37%	-27.46%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-36.63%	-28.30%	-8.33%
Max Drawdown (5Y) Largest decline over 5 years	-53.82%	-78.79%	+24.97%
Max Drawdown (10Y) Largest decline over 10 years	-93.41%	-78.79%	-14.62%
Current Drawdown Current decline from peak	-23.48%	-26.87%	+3.39%
Average Drawdown Average peak-to-trough decline	-53.14%	-20.55%	-32.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.60%	16.50%	+3.10%

Volatility

LNW vs. HCI - Volatility Comparison

The current volatility for Light & Wonder Inc (LNW) is 0.00%, while HCI Group, Inc. (HCI) has a volatility of 6.96%. This indicates that LNW experiences smaller price fluctuations and is considered to be less risky than HCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LNW	HCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	6.96%	-6.96%
Volatility (6M) Calculated over the trailing 6-month period	16.77%	21.10%	-4.33%
Volatility (1Y) Calculated over the trailing 1-year period	34.76%	31.96%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.49%	43.06%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.45%	41.56%	+19.89%

Dividends

LNW vs. HCI - Dividend Comparison

LNW has not paid dividends to shareholders, while HCI's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCI HCI Group, Inc.	1.07%	0.83%	1.37%	1.83%	4.04%	1.92%	3.06%	3.50%	2.90%	4.68%	3.04%	3.44%
LNW Light & Wonder 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

LNW vs. HCI - Profitability Comparison

The chart below illustrates the profitability comparison between Light & Wonder Inc and HCI Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LNW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported a gross profit of 0.00 and revenue of 790.00M. Therefore, the gross margin over that period was 0.0%.

HCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a gross profit of 177.28M and revenue of 242.88M. Therefore, the gross margin over that period was 73.0%.

LNW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported an operating income of 130.00M and revenue of 790.00M, resulting in an operating margin of 16.5%.

HCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported an operating income of 115.38M and revenue of 242.88M, resulting in an operating margin of 47.5%.

LNW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported a net income of 52.00M and revenue of 790.00M, resulting in a net margin of 6.6%.

HCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a net income of 85.04M and revenue of 242.88M, resulting in a net margin of 35.0%.

Frequently Asked Questions

Can I hold both LNW and HCI in my portfolio?

LNW and HCI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNW or HCI?

HCI has higher volatility (6.96%) compared to LNW (0.00%). In terms of maximum drawdown, LNW dropped -96.51% vs HCI's -78.79%.

Which has better risk-adjusted returns?

LNW currently has the higher Sharpe Ratio (0.06 vs -0.26), 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.