RBA.TO vs. HWM
RBA.TO (Ritchie Bros. Auctioneers Incorporated) and HWM (Howmet Aerospace Inc.) are both stocks. Both are in the Industrials sector — RBA.TO in Specialty Business Services, HWM in Specialty Industrial Machinery. Over the past 10 years, RBA.TO returned 14.99%/yr vs 32.81%/yr for HWM. At a 0.22 correlation, their price movements are largely independent.
Performance
RBA.TO vs. HWM - Performance Comparison
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Different Trading Currencies
RBA.TO is traded in CAD, while HWM is traded in USD. To make them comparable, the HWM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RBA.TO achieves a 0.97% return, which is significantly lower than HWM's 22.94% return. Over the past 10 years, RBA.TO has underperformed HWM with an annualized return of 14.99%, while HWM has yielded a comparatively higher 32.81% annualized return.
RBA.TO
- 1D
- -2.12%
- 1M
- -0.55%
- YTD
- 0.97%
- 6M
- 4.13%
- 1Y
- -0.87%
- 3Y*
- 25.99%
- 5Y*
- 16.82%
- 10Y*
- 14.99%
HWM
- 1D
- -0.43%
- 1M
- 5.84%
- YTD
- 22.94%
- 6M
- 27.60%
- 1Y
- 46.23%
- 3Y*
- 79.18%
- 5Y*
- 52.51%
- 10Y*
- 32.81%
RBA.TO vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBA.TO Ritchie Bros. Auctioneers Incorporated | 0.97% | 10.20% | 48.36% | 18.29% | 2.75% | -11.19% | 61.44% | 27.31% | 21.09% | -15.06% |
HWM Howmet Aerospace Inc. | 22.94% | 79.33% | 120.12% | 34.80% | 33.01% | 10.66% | 18.98% | 74.52% | -32.12% | 38.95% |
Correlation
The correlation between RBA.TO and HWM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.22 |
The correlation between RBA.TO and HWM shifts across timeframes, from 0.12 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RBA.TO:
CA$26.60B
HWM:
$100.20B
RBA.TO:
CA$2.40
HWM:
$4.31
RBA.TO:
59.06
HWM:
57.70
RBA.TO:
1.02
HWM:
0.98
RBA.TO:
5.63
HWM:
11.67
RBA.TO:
4.73
HWM:
18.15
RBA.TO:
CA$4.71B
HWM:
$8.62B
RBA.TO:
CA$2.01B
HWM:
$2.81B
RBA.TO:
CA$1.47B
HWM:
$2.66B
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Return for Risk
RBA.TO vs. HWM — Risk / Return Rank
RBA.TO
HWM
RBA.TO vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ritchie Bros. Auctioneers Incorporated (RBA.TO) 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.
| RBA.TO | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.26 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.24 | -3.28 |
| Martin ratioReturn relative to average drawdown | -0.08 | 8.34 | -8.41 |
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
| RBA.TO | HWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.51 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.73 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.86 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.53 | -0.06 |
Drawdowns
RBA.TO vs. HWM - Drawdown Comparison
The maximum RBA.TO drawdown since its inception was -38.47%, smaller than the maximum HWM drawdown of -61.76%. Use the drawdown chart below to compare losses from any high point for RBA.TO and HWM.
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Drawdown Indicators
| RBA.TO | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -61.76% | +23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -20.24% | -14.35% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -19.44% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -30.06% | -19.44% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -38.02% | -61.42% | +23.40% |
Current DrawdownCurrent decline from peak | -12.79% | -7.70% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -22.56% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 5.56% | +5.33% |
Volatility
RBA.TO vs. HWM - Volatility Comparison
The current volatility for Ritchie Bros. Auctioneers Incorporated (RBA.TO) is 6.21%, while Howmet Aerospace Inc. (HWM) has a volatility of 11.34%. This indicates that RBA.TO experiences smaller price fluctuations and is considered to be less risky 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
| RBA.TO | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 11.34% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 21.69% | 23.98% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 30.68% | -5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.32% | 30.50% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.82% | 38.09% | -8.27% |
Dividends
RBA.TO vs. HWM - Dividend Comparison
RBA.TO's dividend yield for the trailing twelve months is around 1.21%, more than HWM's 0.19% yield.
| 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% |
RBA.TO Ritchie Bros. Auctioneers Incorporated | 1.21% | 1.19% | 1.18% | 3.62% | 1.73% | 1.52% | 1.27% | 1.82% | 2.03% | 2.81% | 2.66% | 2.77% |
Financials
RBA.TO vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Ritchie Bros. Auctioneers Incorporated 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
RBA.TO vs. HWM - Profitability Comparison
RBA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported a gross profit of 428.95M and revenue of 1.21B. Therefore, the gross margin over that period was 35.3%.
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%.
RBA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported an operating income of 220.62M and revenue of 1.21B, resulting in an operating margin of 18.2%.
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%.
RBA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported a net income of 133.28M and revenue of 1.21B, resulting in a net margin of 11.0%.
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
RBA.TO and HWM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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