TRMB vs. HWM
TRMB (Trimble Inc.) and HWM (Howmet Aerospace Inc.) are both stocks. TRMB operates in Scientific & Technical Instruments (Technology), while HWM operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, TRMB returned 7.91%/yr vs 31.86%/yr for HWM. At a 0.33 correlation, their price movements are largely independent.
Performance
TRMB vs. HWM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRMB achieves a -29.14% return, which is significantly lower than HWM's 21.39% return. Over the past 10 years, TRMB has underperformed HWM with an annualized return of 7.91%, while HWM has yielded a comparatively higher 31.86% annualized return.
TRMB
- 1D
- -3.84%
- 1M
- -18.97%
- YTD
- -29.14%
- 6M
- -32.57%
- 1Y
- -22.59%
- 3Y*
- 3.86%
- 5Y*
- -7.00%
- 10Y*
- 7.91%
HWM
- 1D
- -0.83%
- 1M
- 3.77%
- YTD
- 21.39%
- 6M
- 28.10%
- 1Y
- 44.37%
- 3Y*
- 77.12%
- 5Y*
- 48.28%
- 10Y*
- 31.86%
TRMB vs. HWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRMB Trimble Inc. | -29.14% | 10.88% | 32.82% | 5.22% | -42.01% | 30.58% | 60.16% | 26.68% | -19.02% | 34.79% |
HWM Howmet Aerospace Inc. | 21.39% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between TRMB and HWM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 1992 | 0.33 |
The correlation between TRMB and HWM shifts across timeframes, from 0.21 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TRMB:
$13.15B
HWM:
$100.20B
TRMB:
$1.91
HWM:
$4.31
TRMB:
29.11
HWM:
57.70
TRMB:
0.42
HWM:
0.98
TRMB:
3.60
HWM:
11.67
TRMB:
2.33
HWM:
18.15
TRMB:
$3.69B
HWM:
$8.62B
TRMB:
$2.54B
HWM:
$2.81B
TRMB:
$756.80M
HWM:
$2.66B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRMB vs. HWM — Risk / Return Rank
TRMB
HWM
TRMB vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trimble Inc. (TRMB) 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.
| TRMB | HWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | 1.46 | -2.25 |
Sortino ratioReturn per unit of downside risk | -0.94 | 2.15 | -3.09 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.25 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.81 | -3.44 |
Martin ratioReturn relative to average drawdown | -1.46 | 8.10 | -9.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRMB | HWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 1.46 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 1.52 | -1.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.80 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.21 | -0.01 |
Drawdowns
TRMB vs. HWM - Drawdown Comparison
The maximum TRMB drawdown since its inception was -87.23%, roughly equal to the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for TRMB and HWM.
Loading charts...
Drawdown Indicators
| TRMB | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.23% | -88.30% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -35.99% | -15.89% | -20.10% |
Max Drawdown (3Y)Largest decline over 3 years | -35.99% | -19.41% | -16.58% |
Max Drawdown (5Y)Largest decline over 5 years | -57.35% | -23.19% | -34.16% |
Max Drawdown (10Y)Largest decline over 10 years | -57.35% | -64.81% | +7.46% |
Current DrawdownCurrent decline from peak | -42.00% | -9.12% | -32.88% |
Average DrawdownAverage peak-to-trough decline | -31.37% | -31.02% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.46% | 5.49% | +9.97% |
Volatility
TRMB vs. HWM - Volatility Comparison
Trimble Inc. (TRMB) and Howmet Aerospace Inc. (HWM) have volatilities of 11.79% and 11.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRMB | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.79% | 11.35% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 23.08% | 24.03% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.80% | 30.55% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.79% | 32.03% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.61% | 39.78% | -6.17% |
Dividends
TRMB vs. HWM - Dividend Comparison
TRMB has not paid dividends to shareholders, while HWM's dividend yield for the trailing twelve months is around 0.19%.
| 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% |
TRMB Trimble 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
TRMB vs. HWM - Financials Comparison
This section allows you to compare key financial metrics between Trimble Inc. 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
TRMB vs. HWM - Profitability Comparison
TRMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported a gross profit of 646.30M and revenue of 939.90M. Therefore, the gross margin over that period was 68.8%.
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%.
TRMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported an operating income of 144.00M and revenue of 939.90M, resulting in an operating margin of 15.3%.
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%.
TRMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported a net income of 98.90M and revenue of 939.90M, resulting in a net margin of 10.5%.
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
TRMB and HWM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRMB has higher volatility (11.79%) compared to HWM (11.35%). In terms of maximum drawdown, TRMB dropped -87.23% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.46 vs -0.79), 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.
Find the right allocation for TRMB and HWM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer