PII vs. HOG
PII (Polaris Industries Inc.) and HOG (Harley-Davidson, Inc.) are both stocks. Both operate in the Recreational Vehicles industry within the Consumer Cyclical sector. Over the past 10 years, PII returned 1.33%/yr vs -3.14%/yr for HOG. At a 0.44 correlation, their price movements are largely independent.
Performance
PII vs. HOG - Performance Comparison
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Returns By Period
In the year-to-date period, PII achieves a 11.01% return, which is significantly lower than HOG's 22.71% return. Over the past 10 years, PII has outperformed HOG with an annualized return of 1.33%, while HOG has yielded a comparatively lower -3.14% annualized return.
PII
- 1D
- -3.64%
- 1M
- 2.36%
- YTD
- 11.01%
- 6M
- 2.28%
- 1Y
- 82.70%
- 3Y*
- -12.37%
- 5Y*
- -9.05%
- 10Y*
- 1.33%
HOG
- 1D
- -3.82%
- 1M
- 4.85%
- YTD
- 22.71%
- 6M
- 20.30%
- 1Y
- 9.04%
- 3Y*
- -7.28%
- 5Y*
- -9.61%
- 10Y*
- -3.14%
PII vs. HOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PII Polaris Industries Inc. | 11.01% | 15.90% | -37.19% | -3.79% | -6.01% | 17.75% | -3.78% | 36.37% | -36.76% | 54.19% |
HOG Harley-Davidson, Inc. | 22.71% | -30.05% | -16.61% | -9.76% | 12.13% | 4.29% | 0.19% | 13.62% | -30.54% | -10.29% |
Correlation
The correlation between PII and HOG is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.44 |
The correlation between PII and HOG shifts across timeframes, from 0.44 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PII:
$3.95B
HOG:
$2.73B
PII:
-$7.82
HOG:
$1.96
PII:
0.54
HOG:
0.92
PII:
$7.27B
HOG:
$3.14B
PII:
$1.43B
HOG:
$994.65M
PII:
-$206.10M
HOG:
$386.96M
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Return for Risk
PII vs. HOG — Risk / Return Rank
PII
HOG
PII vs. HOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polaris Industries Inc. (PII) and Harley-Davidson, Inc. (HOG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PII | HOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.21 | +2.22 |
| Martin ratioReturn relative to average drawdown | 7.09 | 0.39 | +6.70 |
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Drawdowns
PII vs. HOG - Drawdown Comparison
The maximum PII drawdown since its inception was -77.57%, smaller than the maximum HOG drawdown of -88.26%. Use the drawdown chart below to compare losses from any high point for PII and HOG.
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Drawdown Indicators
| PII | HOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -88.26% | +10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -43.24% | +9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -75.23% | -58.74% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -75.23% | -64.11% | -11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -75.62% | -73.28% | -2.34% |
Current DrawdownCurrent decline from peak | -44.31% | -54.91% | +10.60% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -24.44% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 23.18% | -11.47% |
Volatility
PII vs. HOG - Volatility Comparison
Polaris Industries Inc. (PII) has a higher volatility of 12.38% compared to Harley-Davidson, Inc. (HOG) at 11.12%. This indicates that PII's price experiences larger fluctuations and is considered to be riskier than HOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PII | HOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.38% | 11.12% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 38.54% | 28.19% | +10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.38% | 41.20% | +15.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.89% | 40.43% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.86% | 43.10% | -0.24% |
Dividends
PII vs. HOG - Dividend Comparison
PII's dividend yield for the trailing twelve months is around 3.93%, more than HOG's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 2.98% | 3.51% | 2.29% | 1.79% | 1.51% | 1.59% | 1.20% | 4.03% | 4.34% | 2.87% | 2.40% | 2.73% |
PII Polaris Industries Inc. | 3.93% | 4.24% | 4.58% | 2.74% | 2.53% | 2.29% | 2.60% | 2.40% | 3.13% | 1.87% | 2.67% | 2.47% |
Financials
PII vs. HOG - Financials Comparison
This section allows you to compare key financial metrics between Polaris Industries Inc. and Harley-Davidson, 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
Frequently Asked Questions
PII and HOG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PII has higher volatility (12.38%) compared to HOG (11.12%). In terms of maximum drawdown, PII dropped -77.57% vs HOG's -88.26%.
PII currently has the higher Sharpe Ratio (1.48 vs 0.22), 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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