MRCY vs. HXL
MRCY (Mercury Systems, Inc.) and HXL (Hexcel Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, MRCY returned 17.98%/yr vs 8.04%/yr for HXL. At a 0.33 correlation, their price movements are largely independent.
Performance
MRCY vs. HXL - Performance Comparison
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Returns By Period
In the year-to-date period, MRCY achieves a 52.84% return, which is significantly higher than HXL's 19.66% return. Over the past 10 years, MRCY has outperformed HXL with an annualized return of 17.98%, while HXL has yielded a comparatively lower 8.04% annualized return.
MRCY
- 1D
- -1.13%
- 1M
- 42.10%
- YTD
- 52.84%
- 6M
- 58.89%
- 1Y
- 119.49%
- 3Y*
- 39.59%
- 5Y*
- 10.98%
- 10Y*
- 17.98%
HXL
- 1D
- 0.03%
- 1M
- -2.89%
- YTD
- 19.66%
- 6M
- 17.31%
- 1Y
- 59.69%
- 3Y*
- 7.39%
- 5Y*
- 8.64%
- 10Y*
- 8.04%
MRCY vs. HXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRCY Mercury Systems, Inc. | 52.84% | 73.83% | 14.85% | -18.26% | -18.74% | -37.47% | 27.42% | 46.14% | -7.91% | 69.92% |
HXL Hexcel Corporation | 19.66% | 19.20% | -14.19% | 26.24% | 14.41% | 6.83% | -33.70% | 28.96% | -6.50% | 21.29% |
Correlation
The correlation between MRCY and HXL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 1998 | 0.33 |
Fundamentals
MRCY:
$6.63B
HXL:
$6.75B
MRCY:
-$0.24
HXL:
$1.49
MRCY:
6.83
HXL:
3.58
MRCY:
4.48
HXL:
5.33
MRCY:
$966.95M
HXL:
$1.94B
MRCY:
$277.35M
HXL:
$467.10M
MRCY:
-$12.94M
HXL:
$277.80M
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Return for Risk
MRCY vs. HXL — Risk / Return Rank
MRCY
HXL
MRCY vs. HXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercury Systems, Inc. (MRCY) and Hexcel Corporation (HXL). 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.
| MRCY | HXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 3.22 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.32 | 10.07 | -0.75 |
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
| MRCY | HXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.94 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.27 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.22 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.08 | +0.12 |
Drawdowns
MRCY vs. HXL - Drawdown Comparison
The maximum MRCY drawdown since its inception was -95.95%, roughly equal to the maximum HXL drawdown of -96.37%. Use the drawdown chart below to compare losses from any high point for MRCY and HXL.
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Drawdown Indicators
| MRCY | HXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.95% | -96.37% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -32.19% | -18.65% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -39.07% | -38.18% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -62.43% | -38.18% | -24.25% |
Max Drawdown (10Y)Largest decline over 10 years | -71.73% | -68.51% | -3.22% |
Current DrawdownCurrent decline from peak | -1.13% | -8.72% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -53.80% | -45.53% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 5.94% | +6.93% |
Volatility
MRCY vs. HXL - Volatility Comparison
Mercury Systems, Inc. (MRCY) has a higher volatility of 16.48% compared to Hexcel Corporation (HXL) at 8.95%. This indicates that MRCY's price experiences larger fluctuations and is considered to be riskier than HXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRCY | HXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 8.95% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 42.71% | 23.56% | +19.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.79% | 31.27% | +24.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.72% | 32.64% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.86% | 36.82% | +7.04% |
Dividends
MRCY vs. HXL - Dividend Comparison
MRCY has not paid dividends to shareholders, while HXL's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXL Hexcel Corporation | 0.79% | 0.92% | 0.96% | 0.68% | 0.68% | 0.00% | 0.35% | 0.87% | 0.96% | 0.76% | 0.84% | 0.86% |
MRCY Mercury Systems, 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
MRCY vs. HXL - Financials Comparison
This section allows you to compare key financial metrics between Mercury Systems, Inc. and Hexcel Corporation. 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
MRCY vs. HXL - Profitability Comparison
MRCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a gross profit of 69.05M and revenue of 235.76M. Therefore, the gross margin over that period was 29.3%.
HXL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported a gross profit of 134.70M and revenue of 501.50M. Therefore, the gross margin over that period was 26.9%.
MRCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported an operating income of 5.23M and revenue of 235.76M, resulting in an operating margin of 2.2%.
HXL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported an operating income of 57.60M and revenue of 501.50M, resulting in an operating margin of 11.5%.
MRCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a net income of -2.86M and revenue of 235.76M, resulting in a net margin of -1.2%.
HXL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hexcel Corporation reported a net income of 37.20M and revenue of 501.50M, resulting in a net margin of 7.4%.
Frequently Asked Questions
MRCY and HXL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRCY has higher volatility (16.48%) compared to HXL (8.95%). In terms of maximum drawdown, MRCY dropped -95.95% vs HXL's -96.37%.
MRCY currently has the higher Sharpe Ratio (2.15 vs 1.94), 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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