TREX vs. HEI-A
TREX (Trex Company, Inc.) and HEI-A (HEICO Corporation) are both stocks. Both are in the Industrials sector — TREX in Building Products & Equipment, HEI-A in Aerospace & Defense. Over the past 10 years, TREX returned 14.76%/yr vs 24.25%/yr for HEI-A. At a 0.33 correlation, their price movements are largely independent.
Performance
TREX vs. HEI-A - Performance Comparison
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Returns By Period
In the year-to-date period, TREX achieves a 19.87% return, which is significantly higher than HEI-A's -5.08% return. Over the past 10 years, TREX has underperformed HEI-A with an annualized return of 14.76%, while HEI-A has yielded a comparatively higher 24.25% annualized return.
TREX
- 1D
- 6.05%
- 1M
- 4.60%
- YTD
- 19.87%
- 6M
- 22.45%
- 1Y
- -25.77%
- 3Y*
- -10.07%
- 5Y*
- -15.54%
- 10Y*
- 14.76%
HEI-A
- 1D
- -1.64%
- 1M
- 8.06%
- YTD
- -5.08%
- 6M
- -2.45%
- 1Y
- 1.05%
- 3Y*
- 22.51%
- 5Y*
- 12.44%
- 10Y*
- 24.25%
TREX vs. HEI-A - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TREX Trex Company, Inc. | 19.87% | -49.18% | -16.62% | 95.58% | -68.65% | 61.29% | 86.29% | 51.42% | 9.53% | 68.31% |
HEI-A HEICO Corporation | -5.08% | 35.80% | 30.81% | 19.03% | -6.60% | 9.94% | 30.98% | 42.21% | 24.78% | 45.72% |
Correlation
The correlation between TREX and HEI-A is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.33 |
The correlation between TREX and HEI-A shifts across timeframes, from 0.24 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TREX:
$4.42B
HEI-A:
$33.78B
TREX:
$1.80
HEI-A:
$5.60
TREX:
23.41
HEI-A:
42.77
TREX:
64.36
HEI-A:
1.93
TREX:
3.80
HEI-A:
6.88
TREX:
4.44
HEI-A:
6.27
TREX:
$1.18B
HEI-A:
$4.91B
TREX:
$461.26M
HEI-A:
$943.00M
TREX:
$308.51M
HEI-A:
$1.12B
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Return for Risk
TREX vs. HEI-A — Risk / Return Rank
TREX
HEI-A
TREX vs. HEI-A - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trex Company, Inc. (TREX) and HEICO Corporation (HEI-A). 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.
| TREX | HEI-A | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.04 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.04 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.73 | 0.09 | -0.82 |
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
| TREX | HEI-A | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 0.03 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.45 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.80 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.82 | -0.57 |
Drawdowns
TREX vs. HEI-A - Drawdown Comparison
The maximum TREX drawdown since its inception was -90.53%, which is greater than HEI-A's maximum drawdown of -49.70%. Use the drawdown chart below to compare losses from any high point for TREX and HEI-A.
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Drawdown Indicators
| TREX | HEI-A | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.53% | -49.70% | -40.83% |
Max Drawdown (1Y)Largest decline over 1 year | -56.01% | -27.11% | -28.90% |
Max Drawdown (3Y)Largest decline over 3 years | -69.90% | -27.11% | -42.79% |
Max Drawdown (5Y)Largest decline over 5 years | -78.58% | -27.11% | -51.47% |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | -49.70% | -28.88% |
Current DrawdownCurrent decline from peak | -70.11% | -13.27% | -56.84% |
Average DrawdownAverage peak-to-trough decline | -38.75% | -7.66% | -31.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.32% | 11.65% | +23.67% |
Volatility
TREX vs. HEI-A - Volatility Comparison
The current volatility for Trex Company, Inc. (TREX) is 13.04%, while HEICO Corporation (HEI-A) has a volatility of 14.19%. This indicates that TREX experiences smaller price fluctuations and is considered to be less risky than HEI-A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREX | HEI-A | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 14.19% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 24.31% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.31% | 30.97% | +19.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 27.59% | +19.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.37% | 30.56% | +15.81% |
Dividends
TREX vs. HEI-A - Dividend Comparison
TREX has not paid dividends to shareholders, while HEI-A's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEI-A HEICO Corporation | 0.10% | 0.09% | 0.11% | 0.14% | 0.15% | 0.13% | 0.14% | 0.08% | 0.18% | 0.10% | 0.25% |
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% |
Financials
TREX vs. HEI-A - Financials Comparison
This section allows you to compare key financial metrics between Trex Company, Inc. and HEICO Corporation. 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. HEI-A - 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%.
HEI-A - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.
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%.
HEI-A - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.
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%.
HEI-A - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.
Frequently Asked Questions
TREX and HEI-A have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEI-A has higher volatility (14.19%) compared to TREX (13.04%). In terms of maximum drawdown, TREX dropped -90.53% vs HEI-A's -49.70%.
HEI-A currently has the higher Sharpe Ratio (0.03 vs -0.52), 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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