VHI vs. KRO

Last updated Apr 2, 2026

Compare and contrast key facts about Valhi, Inc. (VHI) and Kronos Worldwide, Inc. (KRO).

Performance

VHI vs. KRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valhi, Inc. (VHI) and Kronos Worldwide, Inc. (KRO). The values are adjusted to include any dividend payments, if applicable.

VHI vs. KRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VHI Valhi, Inc.	16.87%	-47.36%	56.45%	-29.43%	-22.66%	91.70%	-30.01%	0.36%	-68.02%	82.77%
KRO Kronos Worldwide, Inc.	47.06%	-53.09%	2.51%	14.94%	-33.72%	5.76%	18.29%	23.04%	-53.63%	122.91%

Fundamentals

EPS VHI : $0.65 KRO : -$0.96
PS Ratio VHI : 0.19 KRO : 0.40
Total Revenue (TTM) VHI : $2.06B KRO : $1.86B
Gross Profit (TTM) VHI : $361.80M KRO : $213.00M
EBITDA (TTM) VHI : $227.10M KRO : -$36.50M

Returns By Period

In the year-to-date period, VHI achieves a 16.87% return, which is significantly lower than KRO's 47.06% return. Over the past 10 years, VHI has underperformed KRO with an annualized return of 1.68%, while KRO has yielded a comparatively higher 5.90% annualized return.

VHI

• 1D: -2.10%
• 1M: -2.06%
• YTD: 16.87%
• 6M: -9.76%
• 1Y: -11.07%
• 3Y*: -5.08%
• 5Y*: -6.02%
• 10Y*: 1.68%

KRO

• 1D: -1.98%
• 1M: 13.24%
• YTD: 47.06%
• 6M: 18.06%
• 1Y: -9.48%
• 3Y*: -6.55%
• 5Y*: -11.47%
• 10Y*: 5.90%

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

Return for Risk

VHI vs. KRO — Risk / Return Rank

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

VHI

VHI Risk / Return Rank: 30
VHI Sharpe Ratio Rank: 30
VHI Sortino Ratio Rank: 29
VHI Omega Ratio Rank: 29
VHI Calmar Ratio Rank: 31
VHI Martin Ratio Rank: 32

KRO

KRO Risk / Return Rank: 32
KRO Sharpe Ratio Rank: 32
KRO Sortino Ratio Rank: 31
KRO Omega Ratio Rank: 31
KRO Calmar Ratio Rank: 33
KRO Martin Ratio Rank: 34

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.

VHI vs. KRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Valhi, Inc. (VHI) and Kronos Worldwide, Inc. (KRO). 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.

	VHI	KRO	Difference
Sharpe ratio Return per unit of total volatility	-0.22	-0.18	-0.04
Sortino ratio Return per unit of downside risk	0.04	0.11	-0.07
Omega ratio Gain probability vs. loss probability	1.00	1.01	-0.01
Calmar ratio Return relative to maximum drawdown	-0.31	-0.25	-0.06
Martin ratio Return relative to average drawdown	-0.55	-0.42	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHI vs. KRO - Sharpe Ratio Comparison

The current VHI Sharpe Ratio is -0.22, which is comparable to the KRO Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of VHI and KRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VHI	KRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	-0.18	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.27	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.13	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.06	-0.03

Correlation

The correlation between VHI and KRO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VHI vs. KRO - Dividend Comparison

VHI's dividend yield for the trailing twelve months is around 2.29%, less than KRO's 3.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHI Valhi, Inc.	2.29%	2.66%	1.37%	2.11%	1.45%	1.11%	3.16%	4.28%	4.15%	1.30%	2.31%	5.97%
KRO Kronos Worldwide, Inc.	3.11%	4.52%	4.92%	7.65%	8.09%	4.80%	4.83%	5.37%	5.90%	2.33%	5.03%	10.64%

Drawdowns

VHI vs. KRO - Drawdown Comparison

The maximum VHI drawdown since its inception was -95.62%, which is greater than KRO's maximum drawdown of -87.14%. Use the drawdown chart below to compare losses from any high point for VHI and KRO.

Drawdown Indicators

	VHI	KRO	Difference
Max Drawdown Largest peak-to-trough decline	-95.62%	-87.14%	-8.48%
Max Drawdown (1Y) Largest decline over 1 year	-38.60%	-43.24%	+4.64%
Max Drawdown (5Y) Largest decline over 5 years	-79.04%	-73.20%	-5.84%
Max Drawdown (10Y) Largest decline over 10 years	-90.74%	-77.56%	-13.18%
Current Drawdown Current decline from peak	-92.52%	-65.92%	-26.60%
Average Drawdown Average peak-to-trough decline	-51.35%	-45.18%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.36%	25.50%	-4.14%

Volatility

VHI vs. KRO - Volatility Comparison

The current volatility for Valhi, Inc. (VHI) is 12.44%, while Kronos Worldwide, Inc. (KRO) has a volatility of 18.43%. This indicates that VHI experiences smaller price fluctuations and is considered to be less risky than KRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHI	KRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	18.43%	-5.99%
Volatility (6M) Calculated over the trailing 6-month period	38.60%	37.60%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	51.41%	52.99%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.34%	42.70%	+13.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.46%	44.24%	+20.22%

Financials

VHI vs. KRO - Profitability Comparison

The chart below illustrates the profitability comparison between Valhi, Inc. and Kronos Worldwide, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VHI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Valhi, Inc. reported a gross profit of 60.60M and revenue of 503.50M. Therefore, the gross margin over that period was 12.0%.

KRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kronos Worldwide, Inc. reported a gross profit of -3.60M and revenue of 418.30M. Therefore, the gross margin over that period was -0.9%.

VHI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Valhi, Inc. reported an operating income of -17.00M and revenue of 503.50M, resulting in an operating margin of -3.4%.

KRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kronos Worldwide, Inc. reported an operating income of -63.10M and revenue of 418.30M, resulting in an operating margin of -15.1%.

VHI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Valhi, Inc. reported a net income of -22.20M and revenue of 503.50M, resulting in a net margin of -4.4%.

KRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kronos Worldwide, Inc. reported a net income of -82.80M and revenue of 418.30M, resulting in a net margin of -19.8%.