TREX vs. HBM
TREX (Trex Company, Inc.) and HBM (Hudbay Minerals Inc.) are both stocks. TREX operates in Building Products & Equipment (Industrials), while HBM operates in Copper (Basic Materials). Over the past 10 years, TREX returned 16.02%/yr vs 19.31%/yr for HBM. At a 0.28 correlation, their price movements are largely independent.
Performance
TREX vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, TREX achieves a 30.07% return, which is significantly lower than HBM's 40.23% return. Over the past 10 years, TREX has underperformed HBM with an annualized return of 16.02%, while HBM has yielded a comparatively higher 19.31% annualized return.
TREX
- 1D
- -1.53%
- 1M
- 20.14%
- YTD
- 30.07%
- 6M
- 30.07%
- 1Y
- -20.07%
- 3Y*
- -8.67%
- 5Y*
- -14.60%
- 10Y*
- 16.02%
HBM
- 1D
- 4.43%
- 1M
- 0.32%
- YTD
- 40.23%
- 6M
- 49.02%
- 1Y
- 189.83%
- 3Y*
- 78.89%
- 5Y*
- 31.42%
- 10Y*
- 19.31%
TREX vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TREX Trex Company, Inc. | 30.07% | -49.18% | -16.62% | 95.58% | -68.65% | 61.29% | 86.29% | 51.42% | 9.53% | 68.31% |
HBM Hudbay Minerals Inc. | 40.23% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between TREX and HBM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.28 |
Fundamentals
TREX:
$4.80B
HBM:
$11.09B
TREX:
$1.80
HBM:
$1.65
TREX:
25.41
HBM:
16.83
TREX:
69.84
HBM:
0.12
TREX:
4.13
HBM:
4.68
TREX:
4.82
HBM:
3.13
TREX:
$1.18B
HBM:
$2.37B
TREX:
$461.26M
HBM:
$828.54M
TREX:
$308.51M
HBM:
$1.54B
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Return for Risk
TREX vs. HBM — Risk / Return Rank
TREX
HBM
TREX vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trex Company, Inc. (TREX) 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.
| TREX | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.44 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 5.28 | -5.64 |
| Martin ratioReturn relative to average drawdown | -0.57 | 16.41 | -16.97 |
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Drawdowns
TREX vs. HBM - Drawdown Comparison
The maximum TREX drawdown since its inception was -90.53%, roughly equal to the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for TREX and HBM.
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Drawdown Indicators
| TREX | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.53% | -92.21% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -56.01% | -36.16% | -19.85% |
Max Drawdown (3Y)Largest decline over 3 years | -69.90% | -41.11% | -28.79% |
Max Drawdown (5Y)Largest decline over 5 years | -78.58% | -63.33% | -15.25% |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | -86.34% | +7.76% |
Current DrawdownCurrent decline from peak | -67.56% | -12.68% | -54.88% |
Average DrawdownAverage peak-to-trough decline | -38.76% | -52.45% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.58% | 11.62% | +23.96% |
Volatility
TREX vs. HBM - Volatility Comparison
The current volatility for Trex Company, Inc. (TREX) is 15.84%, while Hudbay Minerals Inc. (HBM) has a volatility of 25.87%. This indicates that TREX 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
| TREX | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 25.87% | -10.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.22% | 47.72% | -19.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.26% | 59.13% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.34% | 55.51% | -8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.46% | 58.82% | -12.36% |
Dividends
TREX vs. HBM - Dividend Comparison
TREX has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.08% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
TREX Trex Company, 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
TREX vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between Trex Company, Inc. 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
TREX vs. HBM - Profitability Comparison
TREX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a gross profit of 139.02M and revenue of 343.40M. Therefore, the gross margin over that period was 40.5%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
TREX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported an operating income of 83.51M and revenue of 343.40M, resulting in an operating margin of 24.3%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
TREX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a net income of 61.40M and revenue of 343.40M, resulting in a net margin of 17.9%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
TREX and HBM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.87%) compared to TREX (15.84%). In terms of maximum drawdown, TREX dropped -90.53% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (3.23 vs -0.39), 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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