TFX vs. HON

Last updated Jun 3, 2026

TFX (Teleflex Incorporated) and HON (Honeywell International Inc) are both stocks. TFX operates in Medical Instruments & Supplies (Healthcare), while HON operates in Conglomerates (Industrials). Over the past 10 years, TFX returned -2.16%/yr vs 10.81%/yr for HON. At a 0.36 correlation, their price movements are largely independent.

Performance

TFX vs. HON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teleflex Incorporated (TFX) and Honeywell International Inc (HON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFX achieves a 3.19% return, which is significantly lower than HON's 21.84% return. Over the past 10 years, TFX has underperformed HON with an annualized return of -2.16%, while HON has yielded a comparatively higher 10.81% annualized return.

TFX

• 1D: -1.83%
• 1M: 3.12%
• YTD: 3.19%
• 6M: 8.40%
• 1Y: 5.86%
• 3Y*: -18.39%
• 5Y*: -19.80%
• 10Y*: -2.16%

HON

• 1D: -0.55%
• 1M: 11.30%
• YTD: 21.84%
• 6M: 23.06%
• 1Y: 13.08%
• 3Y*: 10.21%
• 5Y*: 3.85%
• 10Y*: 10.81%

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

TFX vs. HON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFX Teleflex Incorporated	3.19%	-30.67%	-28.16%	0.48%	-23.61%	-19.89%	9.75%	46.26%	4.45%	55.41%
HON Honeywell International Inc	21.84%	-6.37%	10.02%	0.02%	4.90%	-0.29%	22.97%	36.70%	-8.27%	35.10%

Correlation

The correlation between TFX and HON is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
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	0.43
Correlation (All Time) Calculated using the full available price history since Feb 19, 1988	0.36

The correlation between TFX and HON shifts across timeframes, from 0.23 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TFX : $5.54B HON : $150.17B
EPS TFX : -$22.59 HON : $6.42
PS Ratio TFX : 1.99 HON : 4.09
PB Ratio TFX : 1.80 HON : 7.05
Total Revenue (TTM) TFX : $2.81B HON : $36.76B
Gross Profit (TTM) TFX : $1.50B HON : $13.58B
EBITDA (TTM) TFX : -$89.48M HON : $6.55B

Return for Risk

TFX vs. HON — Risk / Return Rank

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

TFX

TFX Risk / Return Rank: 43
TFX Sharpe Ratio Rank: 46
TFX Sortino Ratio Rank: 42
TFX Omega Ratio Rank: 41
TFX Calmar Ratio Rank: 44
TFX Martin Ratio Rank: 44

HON

HON Risk / Return Rank: 56
HON Sharpe Ratio Rank: 60
HON Sortino Ratio Rank: 54
HON Omega Ratio Rank: 52
HON Calmar Ratio Rank: 57
HON Martin Ratio Rank: 55

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.

TFX vs. HON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teleflex Incorporated (TFX) and Honeywell International Inc (HON). 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.

	TFX	HON	Difference
Sharpe ratio Return per unit of total volatility	0.15	0.60	-0.45
Sortino ratio Return per unit of downside risk	0.49	1.03	-0.53
Omega ratio Gain probability vs. loss probability	1.07	1.13	-0.06
Calmar ratio Return relative to maximum drawdown	0.15	0.78	-0.63
Martin ratio Return relative to average drawdown	0.32	1.33	-1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFX vs. HON - Sharpe Ratio Comparison

The current TFX Sharpe Ratio is 0.15, which is lower than the HON Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of TFX and HON, 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

	TFX	HON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	0.60	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	0.18	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.46	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.29	+0.04

Drawdowns

TFX vs. HON - Drawdown Comparison

The maximum TFX drawdown since its inception was -76.67%, which is greater than HON's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for TFX and HON.

Drawdown Indicators

	TFX	HON	Difference
Max Drawdown Largest peak-to-trough decline	-76.67%	-70.09%	-6.58%
Max Drawdown (1Y) Largest decline over 1 year	-24.36%	-16.03%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-60.42%	-22.10%	-38.32%
Max Drawdown (5Y) Largest decline over 5 years	-75.53%	-27.13%	-48.40%
Max Drawdown (10Y) Largest decline over 10 years	-76.67%	-43.01%	-33.66%
Current Drawdown Current decline from peak	-70.72%	-4.64%	-66.08%
Average Drawdown Average peak-to-trough decline	-17.82%	-20.28%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	9.42%	+1.69%

Volatility

TFX vs. HON - Volatility Comparison

Teleflex Incorporated (TFX) has a higher volatility of 9.18% compared to Honeywell International Inc (HON) at 6.90%. This indicates that TFX's price experiences larger fluctuations and is considered to be riskier than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFX	HON	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.18%	6.90%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	30.89%	16.15%	+14.74%
Volatility (1Y) Calculated over the trailing 1-year period	40.17%	21.94%	+18.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.54%	21.57%	+12.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.19%	23.44%	+8.75%

Dividends

TFX vs. HON - Dividend Comparison

TFX's dividend yield for the trailing twelve months is around 1.09%, less than HON's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HON Honeywell International Inc	1.97%	2.25%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	2.24%	1.79%	2.11%	2.07%
TFX Teleflex Incorporated	1.09%	1.11%	0.76%	0.55%	0.54%	0.41%	0.33%	0.36%	0.53%	0.55%	0.84%	1.03%

Financials

TFX vs. HON - Profitability Comparison

The chart below illustrates the profitability comparison between Teleflex Incorporated and Honeywell International Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TFX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teleflex Incorporated reported a gross profit of 307.43M and revenue of 548.26M. Therefore, the gross margin over that period was 56.1%.

HON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.

TFX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teleflex Incorporated reported an operating income of -4.84M and revenue of 548.26M, resulting in an operating margin of -0.9%.

HON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.

TFX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teleflex Incorporated reported a net income of -8.15M and revenue of 548.26M, resulting in a net margin of -1.5%.

HON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.

Frequently Asked Questions

Can I hold both TFX and HON in my portfolio?

TFX and HON have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFX or HON?

TFX has higher volatility (9.18%) compared to HON (6.90%). In terms of maximum drawdown, TFX dropped -76.67% vs HON's -70.09%.

Which has better risk-adjusted returns?

HON currently has the higher Sharpe Ratio (0.60 vs 0.15), 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.