HWM correlations (Howmet Aerospace)
Every correlation that matters for HWM: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Industrials · Aerospace & Defense
Volatility (ann.)
32.1%
3y weekly
Beta vs S&P 500
1.24
3y weekly
1-year return
+52.7%
price, adjusted
5-year return
+754.4%
price, adjusted
Market cap
$106.7B
latest
P/E ratio
58.2
trailing
Dividend yield
0.18%
trailing
Max drawdown
-19.4%
3y, daily closes
HWM over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with HWM
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 0.65 | |
| ATI | ATI Inc. | 0.64 | |
| CRS | Carpenter Technology Corporation | 0.63 | |
| GE | GE Aerospace | 0.61 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.59 | |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.59 | |
| VT | Vanguard Total World Stock ETF | 0.58 | |
| ACWI | iShares MSCI ACWI ETF | 0.57 | |
| SPXC | SPX Technologies, Inc. | 0.57 | |
| VTI | Vanguard Total Stock Market ETF | 0.57 | |
| WWD | Woodward, Inc. | 0.56 | |
| GDV | Gabelli Dividend & Income Trust | 0.56 | |
| CR | Crane Company | 0.56 | |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.56 | |
| IVV | iShares Core S&P 500 ETF | 0.56 |
Best diversifiers for HWM
These are the assets whose returns had the least to do with HWM's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.46 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.44 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.42 | |
| USO | United States Oil Fund | -0.21 | |
| LICN | Lichen International Limited - Class A | -0.18 | |
| AGRO | Adecoagro S.A. | -0.18 | |
| MNDR | Mobile-health Network Solutions - Class A | -0.18 | |
| ALMS | Alumis Inc. | -0.18 | |
| SER | Serina Therapeutics, Inc. | -0.17 | |
| USAR | USA Rare Earth, Inc. | -0.17 |
HWM vs benchmarks
HWM vs its peers
Get HWM data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/hwm.jsonCorrelations, diversifiers, beta and volatility for HWM, plus one endpoint per pair. API documentation.
HWM inside major ETFs
| ETF | HWM weight | |
|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 1.9% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.77% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.48% |
| VUG | Vanguard Growth ETF | 0.33% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.3% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.2% |
| VOO | Vanguard S&P 500 ETF | 0.18% |
| IVV | iShares Core S&P 500 ETF | 0.16% |
| SPY | SPDR S&P 500 ETF Trust | 0.16% |
| VTI | Vanguard Total Stock Market ETF | 0.16% |
