SHOO vs. HBM
SHOO (Steven Madden, Ltd.) and HBM (Hudbay Minerals Inc.) are both stocks. SHOO operates in Footwear & Accessories (Consumer Cyclical), while HBM operates in Copper (Basic Materials). Over the past 10 years, SHOO returned 9.24%/yr vs 18.32%/yr for HBM. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
SHOO vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, SHOO achieves a 15.76% return, which is significantly lower than HBM's 17.95% return. Over the past 10 years, SHOO has underperformed HBM with an annualized return of 9.24%, while HBM has yielded a comparatively higher 18.32% annualized return.
SHOO
- 1D
- 3.47%
- 1M
- 19.44%
- 6M
- 5.57%
- YTD
- 15.76%
- 1Y
- 107.30%
- 3Y*
- 12.20%
- 5Y*
- 5.30%
- 10Y*
- 9.24%
- ALL TIME*
- 14.80%
HBM
- 1D
- 2.86%
- 1M
- 3.59%
- 6M
- -2.85%
- YTD
- 17.95%
- 1Y
- 158.58%
- 3Y*
- 61.40%
- 5Y*
- 28.41%
- 10Y*
- 18.32%
- ALL TIME*
- 10.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.97M | $107.68M | $138.90M | |
| $54.42M | $44.49M | $47.56M |
SHOO vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOO Steven Madden, Ltd. | 15.76% | 0.63% | 3.21% | 34.62% | -29.52% | 33.46% | -17.43% | 44.42% | -1.19% | 30.63% |
HBM Hudbay Minerals Inc. | 17.95% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between SHOO and HBM is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.28 |
Fundamentals
SHOO:
$3.48B
HBM:
$10.39B
SHOO:
$2.00
HBM:
$1.69
SHOO:
23.83
HBM:
13.85
SHOO:
1.25
HBM:
3.76
SHOO:
3.66
HBM:
1.96
SHOO:
$2.74B
HBM:
$2.49B
SHOO:
$1.26B
HBM:
$970.25M
SHOO:
$243.62M
HBM:
$1.65B
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Return for Risk
SHOO vs. HBM — Risk / Return Rank
SHOO
HBM
SHOO vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Steven Madden, Ltd. (SHOO) and Hudbay Minerals Inc. (HBM). 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.
| SHOO | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 4.41 | -1.01 |
| Martin ratioReturn relative to average drawdown | 8.96 | 10.56 | -1.61 |
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Drawdowns
SHOO vs. HBM - Drawdown Comparison
The maximum SHOO drawdown since its inception was -77.06%, smaller than the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for SHOO and HBM.
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Drawdown Indicators
| SHOO | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.06% | -92.21% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -31.73% | -36.16% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -60.21% | -41.11% | -19.10% |
Max Drawdown (5Y)Largest decline over 5 years | -60.21% | -63.33% | +3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -60.21% | -86.34% | +26.13% |
Current DrawdownCurrent decline from peak | -0.31% | -26.56% | +26.25% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -52.25% | +29.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.02% | 15.07% | -3.05% |
Volatility
SHOO vs. HBM - Volatility Comparison
The current volatility for Steven Madden, Ltd. (SHOO) is 13.18%, while Hudbay Minerals Inc. (HBM) has a volatility of 20.01%. This indicates that SHOO experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOO | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 20.01% | -6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 33.34% | 50.09% | -16.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.28% | 62.52% | -19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.58% | 55.93% | -16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.59% | 58.92% | -18.33% |
Dividends
SHOO vs. HBM - Dividend Comparison
SHOO's dividend yield for the trailing twelve months is around 1.76%, more than HBM's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.09% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
SHOO Steven Madden, Ltd. | 1.76% | 2.02% | 1.98% | 2.00% | 2.63% | 1.29% | 0.42% | 1.33% | 1.78% | 0.00% | 0.00% | 0.00% |
Financials
SHOO vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between Steven Madden, Ltd. and Hudbay Minerals 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
SHOO vs. HBM - Profitability Comparison
SHOO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Steven Madden, Ltd. reported a gross profit of 309.66M and revenue of 665.87M. Therefore, the gross margin over that period was 46.5%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported a gross profit of 266.85M and revenue of 651.04M. Therefore, the gross margin over that period was 41.0%.
SHOO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Steven Madden, Ltd. reported an operating income of 39.32M and revenue of 665.87M, resulting in an operating margin of 5.9%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported an operating income of 236.24M and revenue of 651.04M, resulting in an operating margin of 36.3%.
SHOO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Steven Madden, Ltd. reported a net income of 27.73M and revenue of 665.87M, resulting in a net margin of 4.2%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported a net income of 133.91M and revenue of 651.04M, resulting in a net margin of 20.6%.
Frequently Asked Questions
SHOO and HBM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (20.01%) compared to SHOO (13.18%). In terms of maximum drawdown, SHOO dropped -77.06% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (2.56 vs 2.50), 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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