VECO vs. HRL
VECO (Veeco Instruments Inc.) and HRL (Hormel Foods Corporation) are both stocks. VECO operates in Semiconductor Equipment & Materials (Technology), while HRL operates in Packaged Foods (Consumer Defensive). Over the past 10 years, VECO returned 12.34%/yr vs -1.22%/yr for HRL. At a 0.12 correlation, their price movements are largely independent.
Performance
VECO vs. HRL - Performance Comparison
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Returns By Period
In the year-to-date period, VECO achieves a 95.10% return, which is significantly higher than HRL's 7.28% return. Over the past 10 years, VECO has outperformed HRL with an annualized return of 12.34%, while HRL has yielded a comparatively lower -1.22% annualized return.
VECO
- 1D
- -2.86%
- 1M
- -28.03%
- 6M
- 64.82%
- YTD
- 95.10%
- 1Y
- 163.52%
- 3Y*
- 29.44%
- 5Y*
- 20.54%
- 10Y*
- 12.34%
HRL
- 1D
- 0.09%
- 1M
- 0.01%
- 6M
- 9.87%
- YTD
- 7.28%
- 1Y
- -14.82%
- 3Y*
- -11.64%
- 5Y*
- -9.28%
- 10Y*
- -1.22%
VECO vs. HRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECO Veeco Instruments Inc. | 95.10% | 6.64% | -13.63% | 67.01% | -34.74% | 64.00% | 18.22% | 98.18% | -50.10% | -49.06% |
HRL Hormel Foods Corporation | 7.28% | -21.27% | 1.21% | -27.49% | -4.67% | 6.99% | 5.38% | 7.85% | 19.68% | 6.72% |
Correlation
The correlation between VECO and HRL is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 1994 | 0.12 |
The correlation between VECO and HRL shifts across timeframes, from -0.13 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VECO:
$3.40B
HRL:
$13.46B
VECO:
$0.38
HRL:
$0.85
VECO:
146.29
HRL:
28.85
VECO:
5.16
HRL:
1.10
VECO:
3.81
HRL:
1.24
VECO:
$655.34M
HRL:
$12.22B
VECO:
$252.77M
HRL:
$1.92B
VECO:
$48.45M
HRL:
$868.07M
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Return for Risk
VECO vs. HRL — Risk / Return Rank
VECO
HRL
VECO vs. HRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeco Instruments Inc. (VECO) and Hormel Foods Corporation (HRL). 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.
| VECO | HRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.93 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | -0.47 | +5.08 |
| Martin ratioReturn relative to average drawdown | 17.13 | -0.77 | +17.91 |
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Drawdowns
VECO vs. HRL - Drawdown Comparison
The maximum VECO drawdown since its inception was -96.68%, which is greater than HRL's maximum drawdown of -58.46%. Use the drawdown chart below to compare losses from any high point for VECO and HRL.
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Drawdown Indicators
| VECO | HRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.68% | -58.46% | -38.22% |
Max Drawdown (1Y)Largest decline over 1 year | -35.75% | -31.37% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -64.20% | -46.94% | -17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -64.20% | -58.46% | -5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -80.96% | -58.46% | -22.50% |
Current DrawdownCurrent decline from peak | -51.72% | -47.92% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -70.41% | -11.95% | -58.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | 19.98% | -10.39% |
Volatility
VECO vs. HRL - Volatility Comparison
Veeco Instruments Inc. (VECO) has a higher volatility of 32.90% compared to Hormel Foods Corporation (HRL) at 9.09%. This indicates that VECO's price experiences larger fluctuations and is considered to be riskier than HRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECO | HRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.90% | 9.09% | +23.81% |
Volatility (6M)Calculated over the trailing 6-month period | 56.22% | 21.78% | +34.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.11% | 30.34% | +34.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.01% | 24.38% | +22.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.06% | 23.41% | +28.65% |
Dividends
VECO vs. HRL - Dividend Comparison
VECO has not paid dividends to shareholders, while HRL's dividend yield for the trailing twelve months is around 5.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRL Hormel Foods Corporation | 5.96% | 4.89% | 3.60% | 3.43% | 2.28% | 2.01% | 2.00% | 1.86% | 1.76% | 1.87% | 1.67% | 1.26% |
VECO Veeco Instruments 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
VECO vs. HRL - Financials Comparison
This section allows you to compare key financial metrics between Veeco Instruments Inc. and Hormel Foods 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
VECO vs. HRL - Profitability Comparison
VECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Veeco Instruments Inc. reported a gross profit of 55.83M and revenue of 158.34M. Therefore, the gross margin over that period was 35.3%.
HRL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Hormel Foods Corporation reported a gross profit of 518.51M and revenue of 2.97B. Therefore, the gross margin over that period was 17.4%.
VECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Veeco Instruments Inc. reported an operating income of -2.66M and revenue of 158.34M, resulting in an operating margin of -1.7%.
HRL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hormel Foods Corporation reported an operating income of 217.11M and revenue of 2.97B, resulting in an operating margin of 7.3%.
VECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Veeco Instruments Inc. reported a net income of -324.00K and revenue of 158.34M, resulting in a net margin of -0.2%.
HRL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Hormel Foods Corporation reported a net income of 157.50M and revenue of 2.97B, resulting in a net margin of 5.3%.
Frequently Asked Questions
VECO and HRL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VECO has higher volatility (32.90%) compared to HRL (9.09%). In terms of maximum drawdown, VECO dropped -96.68% vs HRL's -58.46%.
VECO currently has the higher Sharpe Ratio (2.53 vs -0.49), 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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