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Relative Intelligence · Automobiles

How Honda Motor (HMC) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on HMC alone. It places HMC (Honda Motor Co., Ltd.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where HMC stands in the market, and of the alternatives worth a closer look.

Period covered: HMC's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against HMC →Chart HMC vs. 20 alternatives →
On this page12 sections

Key findings

How much would $10,000 in HMC have grown?

This chart tracks a hypothetical $10,000 investment in HMC over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of HMC over the same span and HMC's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 841 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of HMC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$2,000$5,000$10,000$20,000$50,000$100,000$200,000199720022007201220172022$10,000$100,00019972004201120182025
  • PII$147,720+1,377% total · +9.7% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • BWA$132,696+1,227% total · +9.3% a year
  • GNTX$112,603+1,026% total · +8.7% a year
  • MGA$99,176+892% total · +8.2% a year
  • ALV$71,358+614% total · +7.0% a year
  • TM$55,911+459% total · +6.1% a year
  • HMC$33,757+238% total · +4.3% a year
  • HOG$27,574+176% total · +3.6% a year
  • F$18,497+85.0% total · +2.1% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,073 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of HMC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026
  • ALSN$34,562+246% total · +28.2% a year
  • NEU$29,325+193% total · +24.0% a year
  • RACE$19,540+95.4% total · +14.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • BWA$16,951+69.5% total · +11.1% a year
  • DD$16,760+67.6% total · +10.9% a year
  • SXT$15,886+58.9% total · +9.7% a year
  • GM$15,245+52.4% total · +8.8% a year
  • ALV$15,067+50.7% total · +8.5% a year
  • HMC$12,319+23.2% total · +4.3% a year
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HMC at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$44B
Industry
Auto - Manufacturers
Price history from
October 1986

Returns

Past 1 year
+12.4%total return
Past 3 years
+17.7%+5.6% a year
Past 5 years
+34.5%+6.1% a year
Past 10 years
+63.3%+5.0% a year
Best calendar year
+59.8%2009
Worst calendar year
−34.4%2008
Losing years
11 of 29full calendar years

Risk

Volatility
27.5%typical yearly swing, 5 years
Sharpe ratio
0.35return per unit of risk, 5 years
Worst decline ever
−53.8%Feb 2007 to Dec 2008
From its all-time high
At its highwithin 1%

HMC against the whole market

Where HMC ranks among every stock and fund, and what across the market has done better.

How does HMC rank among all stocks?

This section ranks HMC on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how HMC stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureHMCRankStanding
1-year return+12.4%1,492 of 3,287top 45%
3-year return+17.7%2,054 of 3,017bottom 33%
5-year return+34.5%1,291 of 2,893top 45%
10-year return+63.3%1,519 of 2,202bottom 32%
Volatility, 5 years27.5%516 of 2,893top 18%
Sharpe ratio, 5 years0.351,387 of 2,893top 48%
Worst decline, past 10 years−42.0%204 of 2,187top 9%

What has beaten HMC on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). HMC sits where the dashed lines cross. Anything in the green box above and to the left earned more than HMC with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to HMC; faint dots are 94 more of the 707 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

5.0%10.0%15.0%20.0%25.0%30.0%35.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than HMCCHT: +7.7% a year, volatility 13.3%VTI: +11.5% a year, volatility 17.5%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%VOO: +12.8% a year, volatility 16.9%XLP: +7.2% a year, volatility 13.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%FTGC: +12.9% a year, volatility 15.6%LVHI: +17.0% a year, volatility 11.1%FTLS: +10.2% a year, volatility 10.4%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%DBA: +10.7% a year, volatility 13.8%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%FTQI: +11.5% a year, volatility 14.8%VIG: +10.4% a year, volatility 14.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%RSG: +13.9% a year, volatility 18.5%PJUL: +10.5% a year, volatility 8.6%MSI: +14.8% a year, volatility 23.6%MRK: +16.3% a year, volatility 24.8%WM: +9.3% a year, volatility 19.2%DGICA: +9.9% a year, volatility 23.5%FJAN: +11.1% a year, volatility 10.5%AEP: +12.4% a year, volatility 20.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%DYNF: +14.7% a year, volatility 17.5%JEPI: +7.5% a year, volatility 11.0%ED: +12.0% a year, volatility 18.8%XLV: +8.4% a year, volatility 15.3%ATO: +14.9% a year, volatility 18.4%SPMO: +18.7% a year, volatility 20.8%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%HDV: +12.9% a year, volatility 13.0%NI: +15.1% a year, volatility 20.3%WEC: +7.2% a year, volatility 19.0%DFAT: +9.6% a year, volatility 21.0%DGX: +12.3% a year, volatility 22.5%FTS: +8.4% a year, volatility 16.4%USMV: +7.6% a year, volatility 12.3%AVEM: +9.3% a year, volatility 19.5%SPHQ: +12.0% a year, volatility 16.7%AEE: +7.9% a year, volatility 19.4%DTM: +24.5% a year, volatility 25.2%EWJ: +9.2% a year, volatility 18.8%XLU: +7.8% a year, volatility 17.4%SDY: +7.6% a year, volatility 14.0%BUFR: +9.9% a year, volatility 10.5%RY: +17.3% a year, volatility 18.2%RWL: +13.7% a year, volatility 14.4%DBEF: +13.1% a year, volatility 13.8%HACK: +12.6% a year, volatility 25.8%IOO: +15.7% a year, volatility 17.2%JQUA: +13.6% a year, volatility 15.7%DIVO: +11.1% a year, volatility 11.9%LNT: +7.3% a year, volatility 19.8%MOAT: +9.1% a year, volatility 18.4%ACT: +20.5% a year, volatility 24.3%QYLD: +8.4% a year, volatility 15.0%BBEU: +8.9% a year, volatility 17.5%DBMF: +9.8% a year, volatility 12.4%USMC: +14.1% a year, volatility 16.4%RSPT: +16.9% a year, volatility 25.1%CRAK: +19.8% a year, volatility 20.9%IDA: +8.8% a year, volatility 19.2%XMMO: +10.5% a year, volatility 22.0%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%IWX: +12.7% a year, volatility 13.8%IDMO: +13.3% a year, volatility 18.2%OMFL: +9.0% a year, volatility 16.4%PTLC: +9.5% a year, volatility 11.8%SPUS: +15.0% a year, volatility 19.5%IHAK: +8.3% a year, volatility 25.0%DIVI: +13.4% a year, volatility 15.5%XYLD: +7.4% a year, volatility 11.2%EQWL: +11.6% a year, volatility 15.0%HMC: +6.1% a year, volatility 27.5%SPY (S&P 500): +12.7% a year, volatility 17.1%RACE: +13.3% a year, volatility 30.0%NEU: +21.0% a year, volatility 26.8%SXT: +9.3% a year, volatility 30.3%ALSN: +27.3% a year, volatility 29.9%DD: +9.8% a year, volatility 30.0%LLY: +40.7% a year, volatility 32.8%CIBR: +14.1% a year, volatility 26.1%AMGN: +19.6% a year, volatility 24.9%GLD: +17.7% a year, volatility 18.9%CL: +7.2% a year, volatility 19.2%ABBV: +26.1% a year, volatility 23.4%NHC: +32.0% a year, volatility 28.5%HYGH: +6.6% a year, volatility 7.1%CAH: +42.1% a year, volatility 24.7%HMCSPY (S&P 500)RACENEUSXTALSNDDLLYCIBRAMGNGLDCLABBVNHCHYGHCAH0.0%10.0%20.0%30.0%40.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than HMCCHT: +7.7% a year, volatility 13.3%VTI: +11.5% a year, volatility 17.5%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%VOO: +12.8% a year, volatility 16.9%XLP: +7.2% a year, volatility 13.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%FTGC: +12.9% a year, volatility 15.6%LVHI: +17.0% a year, volatility 11.1%FTLS: +10.2% a year, volatility 10.4%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%DBA: +10.7% a year, volatility 13.8%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%FTQI: +11.5% a year, volatility 14.8%VIG: +10.4% a year, volatility 14.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%RSG: +13.9% a year, volatility 18.5%PJUL: +10.5% a year, volatility 8.6%MSI: +14.8% a year, volatility 23.6%MRK: +16.3% a year, volatility 24.8%WM: +9.3% a year, volatility 19.2%DGICA: +9.9% a year, volatility 23.5%FJAN: +11.1% a year, volatility 10.5%AEP: +12.4% a year, volatility 20.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%DYNF: +14.7% a year, volatility 17.5%JEPI: +7.5% a year, volatility 11.0%ED: +12.0% a year, volatility 18.8%XLV: +8.4% a year, volatility 15.3%ATO: +14.9% a year, volatility 18.4%SPMO: +18.7% a year, volatility 20.8%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%HDV: +12.9% a year, volatility 13.0%NI: +15.1% a year, volatility 20.3%WEC: +7.2% a year, volatility 19.0%DFAT: +9.6% a year, volatility 21.0%DGX: +12.3% a year, volatility 22.5%FTS: +8.4% a year, volatility 16.4%USMV: +7.6% a year, volatility 12.3%AVEM: +9.3% a year, volatility 19.5%SPHQ: +12.0% a year, volatility 16.7%AEE: +7.9% a year, volatility 19.4%DTM: +24.5% a year, volatility 25.2%EWJ: +9.2% a year, volatility 18.8%XLU: +7.8% a year, volatility 17.4%SDY: +7.6% a year, volatility 14.0%BUFR: +9.9% a year, volatility 10.5%RY: +17.3% a year, volatility 18.2%RWL: +13.7% a year, volatility 14.4%DBEF: +13.1% a year, volatility 13.8%HACK: +12.6% a year, volatility 25.8%IOO: +15.7% a year, volatility 17.2%JQUA: +13.6% a year, volatility 15.7%DIVO: +11.1% a year, volatility 11.9%LNT: +7.3% a year, volatility 19.8%MOAT: +9.1% a year, volatility 18.4%ACT: +20.5% a year, volatility 24.3%QYLD: +8.4% a year, volatility 15.0%BBEU: +8.9% a year, volatility 17.5%DBMF: +9.8% a year, volatility 12.4%USMC: +14.1% a year, volatility 16.4%RSPT: +16.9% a year, volatility 25.1%CRAK: +19.8% a year, volatility 20.9%IDA: +8.8% a year, volatility 19.2%XMMO: +10.5% a year, volatility 22.0%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%IWX: +12.7% a year, volatility 13.8%IDMO: +13.3% a year, volatility 18.2%OMFL: +9.0% a year, volatility 16.4%PTLC: +9.5% a year, volatility 11.8%SPUS: +15.0% a year, volatility 19.5%IHAK: +8.3% a year, volatility 25.0%DIVI: +13.4% a year, volatility 15.5%XYLD: +7.4% a year, volatility 11.2%EQWL: +11.6% a year, volatility 15.0%HMC: +6.1% a year, volatility 27.5%SPY (S&P 500): +12.7% a year, volatility 17.1%RACE: +13.3% a year, volatility 30.0%NEU: +21.0% a year, volatility 26.8%SXT: +9.3% a year, volatility 30.3%ALSN: +27.3% a year, volatility 29.9%DD: +9.8% a year, volatility 30.0%LLY: +40.7% a year, volatility 32.8%CIBR: +14.1% a year, volatility 26.1%AMGN: +19.6% a year, volatility 24.9%GLD: +17.7% a year, volatility 18.9%CL: +7.2% a year, volatility 19.2%ABBV: +26.1% a year, volatility 23.4%NHC: +32.0% a year, volatility 28.5%HYGH: +6.6% a year, volatility 7.1%CAH: +42.1% a year, volatility 24.7%HMCSPY (S&P 500)RACENEUSXTALSNDDLLYAMGNGLDCLABBVNHCHYGHCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than HMC?

Investments that beat HMC over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat HMC over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks HMC's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than HMC follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than HMC's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× HMC's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than HMC's.

Screen the whole market against HMC for any period in BetterThanSPYOpen these 14 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with HMC?lower diversifies moreExpenseper year
HMCHonda Motor Co., Ltd. · this page
+6.1%27.5%0.35−42.0%+63.3%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.310.09%
Popular alternativesbest 1 shownThe investments people most often weigh against HMC. 1 of 19 passed at least one test.
RACEFerrari N.V. · Automobiles
Higher return, similar volatility+13.3%30.0%0.57−39.2%+711%0.32—
Same and neighboring categories, and shared themesbest 4 shownEverything else in Automobiles and the categories next to it (Auto Parts, Specialty Chemicals), plus HMC's specific themes. 4 of 19 passed at least one test.
NEUNewMarket Corporation · Specialty Chemicals
Higher return, similar volatilityHigher return in most periodsSmaller losses in recent crashes+21.0%26.8%0.85−40.7%+165%0.28—
SXTSensient Technologies Corporation · Specialty Chemicals
Higher return, similar volatilityHigher return in most periods+9.3%30.3%0.44−50.6%+133%0.28—
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Higher return, similar volatility+27.3%29.9%0.96−48.7%+367%0.20—
DDDuPont de Nemours, Inc. · Specialty Chemicals
Higher return, similar volatility+9.8%30.0%0.46−73.0%+65.8%0.23—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,066 of 3,595 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.09—
CIBRFirst Trust Nasdaq Cybersecurity ETF · Cybersecurity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+14.1%26.1%0.64−33.9%+454%0.340.58%
AMGNAmgen Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+19.6%24.9%0.85−24.9%+266%0.25—
GLDSPDR Gold Shares · Gold
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.7%18.9%0.96−26.4%+213%0.170.40%
CLColgate-Palmolive Company · Household & Personal Products
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+7.2%19.2%0.46−29.0%+68.8%0.18—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.19—
NHCNational HealthCare Corporation · Medical - Care Facilities
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+32.0%28.5%1.12−35.3%+394%0.02—
HYGHiShares Interest Rate Hedged High Yield Bond ETF · Bonds
On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+6.6%7.1%0.94−23.9%+74.5%0.221.12%
What these numbers mean for HMC
Annual return
HMC returned 6.1% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $13,400. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
HMC's volatility over the past 5 years was 27.5%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, HMC's return lands within 27.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
HMC's Sharpe ratio over the past 5 years was 0.35, against 0.79 for the S&P 500, so HMC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
HMC's worst fall from a peak to a low over the past 10 years was 42.0%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 42.0% fall takes a 72.6% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, HMC's monthly returns had a correlation of 0.31 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against HMC instead: the lower it is, the more that option would diversify a HMC holding. Guide: Correlation and diversification →
Show all 707 stocks and funds worth at least $500 million that earned more than HMC with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with HMCExpense
1
CIBRFirst Trust Nasdaq Cybersecurity ETF · Cybersecurity
Whole market+14.1%26.1%0.64−33.9%+454%0.340.58%
2
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.25—
3
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.170.40%
4
CLColgate-Palmolive Company · Household & Personal Products
Whole market+7.2%19.2%0.46−29.0%+68.8%0.18—
5
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.19—
6
CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications
Whole market+7.7%13.3%0.63−23.8%+101%0.20—
7
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.310.03%
8
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.05—
9
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.00—
10
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.310.03%
11
XLPState Street Consumer Staples Select Sector SPDR ETF · Consumer Staples
Whole market+7.2%13.8%0.57−24.5%+121%0.270.08%
12
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.05—
13
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.27—
14
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.04—
15
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.30—
16
FTGCFirst Trust Global Tactical Commodity Strategy Fund · Alternatives
Whole market+12.9%15.6%0.86−35.9%+139%0.020.98%
17
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.380.40%
18
FTLSFirst Trust Long/Short Equity ETF · Broad Market
Whole market+10.2%10.4%0.99−20.6%+158%0.270.95%
19
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.25—
20
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.17—
21
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.410.05%
22
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.290.18%
23
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.17—
24
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.250.03%
25
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.04—
26
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.420.03%
27
DBAInvesco DB Agriculture Fund · Alternatives
Whole market+10.7%13.8%0.81−35.3%+62.2%0.180.90%
28
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.08—
29
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.280.09%
30
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.02—
31
FTQIFirst Trust Nasdaq BuyWrite Income ETF · Dividend & Income
Whole market+11.5%14.8%0.82−19.4%+121%0.320.75%
32
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.270.04%
33
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.22—
34
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.220.06%
35
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.19—
36
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+11.1%24.2%0.56−36.7%+204%0.17—
37
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.360.06%
38
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%-0.01—
39
PJULInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+10.5%8.6%1.20−18.2%—0.290.79%
40
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.18—
41
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%0.11—
42
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%-0.03—
43
DGICADonegal Group Inc. · Insurance - Property & Casualty
Whole market+9.9%23.5%0.52−30.3%+78.9%-0.04—
44
FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset
Whole market+11.1%10.5%1.05−13.6%—0.370.85%
45
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.4%20.2%0.68−32.9%+185%0.04—
46
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.14—
47
SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth
Whole market+13.1%22.4%0.67−34.5%+451%0.310.04%
48
DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity
Whole market+14.7%17.5%0.87−34.7%—0.300.26%
49
JEPIJPMorgan Equity Premium Income ETF · Equity Income
Whole market+7.5%11.0%0.71−13.7%—0.250.35%
50
EDConsolidated Edison, Inc. · Electric Utilities
Whole market+12.0%18.8%0.70−30.9%+114%0.02—
51
XLVState Street Health Care Select Sector SPDR ETF · Health Care Equity
Whole market+8.4%15.3%0.60−28.4%+202%0.200.08%
52
ATOAtmos Energy Corporation · Gas Utilities
Whole market+14.9%18.4%0.85−32.9%+194%0.07—
53
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.190.13%
54
DFIVDimensional - International Value ETF · International Equity
Whole market+14.8%16.4%0.93−25.4%—0.440.27%
55
AVLVAvantis U.S. Large Cap Value ETF · US Large-Cap Value
Whole market+14.0%16.9%0.86−19.5%—0.260.15%
56
HDViShares Core High Dividend ETF · US Dividend Equity
Whole market+12.9%13.0%1.00−37.0%+172%0.240.08%
57
NINiSource Inc · Gas Utilities
Whole market+15.1%20.3%0.80−30.9%+158%0.01—
58
WECWEC Energy Group, Inc. · Electric Utilities
Whole market+7.2%19.0%0.46−32.3%+159%-0.01—
59
DFATDimensional - US Targeted Value ETF · US Small-Cap Equity
Whole market+9.6%21.0%0.54−26.1%—0.230.33%
60
DGXQuest Diagnostics Incorporated · Medical Diagnostics
Whole market+12.3%22.5%0.63−36.6%+243%0.00—
61
FTSFortis Inc. · Electric Utilities
Whole market+8.4%16.4%0.58−34.3%+154%0.14—
62
USMViShares MSCI USA Min Vol Factor ETF · US Low-Volatility Equity
Whole market+7.6%12.3%0.66−33.1%+176%0.240.15%
63
AVEMAvantis Emerging Markets Equity ETF · Emerging Markets Equity
Whole market+9.3%19.5%0.56−36.0%—0.340.33%
64
SPHQInvesco S&P 500 Quality ETF · US Quality Equity
Whole market+12.0%16.7%0.76−31.6%+300%0.320.20%
65
AEEAmeren Corporation · Electric Utilities
Whole market+7.9%19.4%0.49−29.1%+192%-0.03—
66
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—-0.10—
67
EWJiShares MSCI Japan ETF · International Equity
Whole market+9.2%18.8%0.57−33.1%+132%0.500.49%
68
XLUState Street Utilities Select Sector SPDR ETF · Utilities Equity
Whole market+7.8%17.4%0.52−36.0%+138%0.010.08%
69
SDYState Street SPDR S&P Dividend ETF · US Dividend Equity
Whole market+7.6%14.0%0.59−36.7%+157%0.250.35%
70
BUFRFT Vest Laddered Buffer ETF · Buffered Equity
Whole market+9.9%10.5%0.96−13.7%—0.330.10%
71
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.23—
72
RWLInvesco S&P 500 Revenue ETF · US Large-Cap Equity
Whole market+13.7%14.4%0.97−36.1%+287%0.300.39%
73
DBEFXtrackers MSCI EAFE Hedged Equity ETF · International Equity
Whole market+13.1%13.8%0.96−32.5%+206%0.450.35%
74
HACKAmplify Cybersecurity ETF · Technology
Whole market+12.6%25.8%0.59−38.7%+373%0.310.60%
75
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.370.40%
76
JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity
Whole market+13.6%15.7%0.89−32.9%—0.310.12%
77
DIVOAmplify CWP Enhanced Dividend Income ETF · Equity Income
Whole market+11.1%11.9%0.95−30.0%—0.220.56%
78
LNTAlliant Energy Corporation · Electric Utilities
Whole market+7.3%19.8%0.46−33.5%+150%0.01—
79
MOATVanEck Morningstar Wide Moat ETF · US Large-Cap Equity
Whole market+9.1%18.4%0.57−33.3%+276%0.440.46%
80
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.12—
81
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.19—
82
QYLDGlobal X - Nasdaq 100 Covered Call ETF · Equity Income
Whole market+8.4%15.0%0.62−24.7%+156%0.260.60%
83
BBEUJPMorgan BetaBuilders Europe ETF · International Equity
Whole market+8.9%17.5%0.57−36.3%—0.400.09%
84
DBMFiMGP DBi Managed Futures Strategy ETF · Alternatives
Whole market+9.8%12.4%0.82−20.4%—-0.170.85%
85
USMCPrincipal U.S. Mega-Cap ETF · Broad Market
Whole market+14.1%16.4%0.89−30.0%—0.320.12%
86
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.280.40%
87
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.240.61%
88
IDAIDACORP, Inc. · Electric Utilities
Whole market+8.8%19.2%0.54−34.3%+141%-0.11—
89
XMMOInvesco S&P MidCap Momentum ETF · US Mid-Cap Equity
Whole market+10.5%22.0%0.56−36.7%+390%0.200.34%
90
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.290.50%
91
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.09—
92
IWXiShares Russell Top 200 Value ETF · Broad Market
Whole market+12.7%13.8%0.94−35.8%+221%0.290.20%
93
IDMOInvesco S&P International Developed Momentum ETF · International Equity
Whole market+13.3%18.2%0.78−31.3%+229%0.370.25%
94
OMFLInvesco Russell 1000 Dynamic Multifactor ETF · US Multifactor Equity
Whole market+9.0%16.4%0.61−33.2%—0.300.29%
95
PTLCPacer Trendpilot US Large Cap ETF · Broad Market
Whole market+9.5%11.8%0.83−26.6%+188%0.070.60%
96
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF · Technology
Whole market+15.0%19.5%0.82−30.8%—0.300.45%
97
IHAKiShares Cybersecurity and Tech ETF · Technology
Whole market+8.3%25.0%0.44−34.4%—0.320.47%
98
DIVIFranklin International Core Dividend Tilt Index ETF · International
Whole market+13.4%15.5%0.89−27.7%+184%0.420.09%
99
XYLDGlobal X - S&P 500 Covered Call ETF · International
Whole market+7.4%11.2%0.70−33.4%+128%0.330.60%
100
EQWLInvesco S&P 100 Equal Weight ETF · Broad Market
Whole market+11.6%15.0%0.81−34.3%+291%0.330.30%

HMC against its popular alternatives

The investments people most often weigh against HMC, compared period by period and year by year.

How do HMC's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at HMC, which divides the map into what did better or worse on each measure.

Green points earned more than HMC with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

0.0%20.0%40.0%60.0%80.0%100%120%140%160%−60.0%−50.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityHMC: 6.1% a year, volatility 27.5%SPY (S&P 500): 12.7% a year, volatility 17.1%MGA: −1.3% a year, volatility 35.8%TSLA: 5.3% a year, volatility 60.0%F: 0.6% a year, volatility 39.2%HOG: −3.6% a year, volatility 40.8%STLA: −21.2% a year, volatility 42.6%PII: −12.8% a year, volatility 43.3%APTV: −23.2% a year, volatility 41.4%LCID: −57.7% a year, volatility 84.2%LI: −17.5% a year, volatility 62.1%NIO: −38.8% a year, volatility 70.9%PSNY: −58.4% a year, volatility 81.8%VFS: −21.7% a year, volatility 147%XPEV: −25.4% a year, volatility 77.8%BWA: 9.3% a year, volatility 34.6%GM: 6.9% a year, volatility 36.7%RACE: 13.3% a year, volatility 30.0%ALV: 7.3% a year, volatility 32.1%TM: 5.0% a year, volatility 27.0%GNTX: −8.6% a year, volatility 26.5%HMCSPY (S&P 500)MGATSLAFSTLAPIIAPTVLCIDLINIOPSNYVFSXPEVBWATMGNTX0.0%50.0%100%150%−60.0%−40.0%−20.0%0.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityHMC: 6.1% a year, volatility 27.5%SPY (S&P 500): 12.7% a year, volatility 17.1%MGA: −1.3% a year, volatility 35.8%TSLA: 5.3% a year, volatility 60.0%F: 0.6% a year, volatility 39.2%HOG: −3.6% a year, volatility 40.8%STLA: −21.2% a year, volatility 42.6%PII: −12.8% a year, volatility 43.3%APTV: −23.2% a year, volatility 41.4%LCID: −57.7% a year, volatility 84.2%LI: −17.5% a year, volatility 62.1%NIO: −38.8% a year, volatility 70.9%PSNY: −58.4% a year, volatility 81.8%VFS: −21.7% a year, volatility 147%XPEV: −25.4% a year, volatility 77.8%BWA: 9.3% a year, volatility 34.6%GM: 6.9% a year, volatility 36.7%RACE: 13.3% a year, volatility 30.0%ALV: 7.3% a year, volatility 32.1%TM: 5.0% a year, volatility 27.0%GNTX: −8.6% a year, volatility 26.5%HMCSPY (S&P 500)MGATSLAFHOGSTLAPIIAPTVLCIDLINIOPSNYVFSXPEVALVGNTX
All figures
InvestmentAnnual returnVolatility
RACE Ferrari N.V.+13.3%30.0%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
BWA BorgWarner Inc.+9.3%34.6%
ALV Autoliv, Inc.+7.3%32.1%
GM General Motors Company+6.9%36.7%
HMC This pageHonda Motor Co., Ltd.+6.1%27.5%
TSLA Tesla, Inc.+5.3%60.0%
TM Toyota Motor Corporation+5.0%27.0%
F Ford Motor Company+0.6%39.2%
MGA Magna International Inc.−1.3%35.8%
HOG Harley-Davidson, Inc.−3.6%40.8%
GNTX Gentex Corporation−8.6%26.5%
PII Polaris Inc.−12.8%43.3%
LI Li Auto Inc.−17.5%62.1%
STLA Stellantis N.V.−21.2%42.6%
VFS VinFast Auto Ltd.−21.7%147%
APTV Aptiv PLC−23.2%41.4%
XPEV XPeng Inc.−25.4%77.8%
NIO NIO Inc.−38.8%70.9%
LCID Lucid Group, Inc.−57.7%84.2%
PSNY Polestar Automotive Holding UK PLC−58.4%81.8%
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Has HMC consistently beaten its popular alternatives?

This section compares HMC with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than HMC helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than HMC over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
HMC Honda Motor Co., Ltd. (this page)—+5.3%+21.6%+35.1%+17.4%+12.4%+17.7%+34.5%+63.3%27.5%0.35−42.0%—$44B—
BWA Auto - PartsBorgWarner Inc.2/5 short3/3 long−7.5%−4.7%+5.6%+26.6%+37.9%+57.7%+55.9%+121%34.6%0.43−64.6%—$12B—
GM Auto - ManufacturersGeneral Motors Company1/5 short3/3 long−8.2%+1.9%−3.9%−4.2%+34.0%+168%+39.5%+193%36.7%0.36−59.9%—$68B—
RACE Auto - ManufacturersFerrari N.V.0/5 short3/3 long−3.8%+7.7%+8.6%+8.9%+1.6%+36.1%+86.6%+711%30.0%0.57−39.2%—$70B—
ALV Auto - PartsAutoliv, Inc.0/5 short3/3 long−0.4%+0.8%−1.9%−1.7%+2.7%+32.1%+42.4%+111%32.1%0.38−63.1%—$8.6B—
MGA Auto - PartsMagna International Inc.2/5 short2/3 long+5.4%+1.2%+8.6%+24.3%+53.0%+46.9%−6.2%+120%35.8%0.14−66.3%—$18B—
TSLA Auto - ManufacturersTesla, Inc.0/5 short2/3 long−0.4%+1.1%−4.8%−14.7%−16.5%+76.3%+29.5%+2,716%60.0%0.39−73.6%—$1.5T—
TM Auto - ManufacturersToyota Motor Corporation0/5 short2/3 long+3.8%+12.0%−7.1%−6.8%+1.5%+24.1%+27.8%+129%27.0%0.32−36.8%—$234B—
F Auto - ManufacturersFord Motor Company0/5 short2/3 long−7.8%−12.2%−3.5%−5.9%+6.0%+25.9%+3.0%+71.8%39.2%0.21−64.7%—$48B—
HOG Auto - ManufacturersHarley-Davidson, Inc.1/5 short0/3 long+3.7%−1.6%+15.2%+35.0%+5.3%−2.3%−16.9%−37.7%40.8%0.11−73.3%—$2.8B—
GNTX Auto - PartsGentex Corporation0/5 short0/3 long−3.4%−10.8%−5.5%−8.3%−17.9%−26.1%−36.2%+49.2%26.5%-0.21−43.0%—$4.5B—
STLA Auto - ManufacturersStellantis N.V.0/5 short0/3 long−10.0%−24.7%−50.2%−62.1%−59.5%−73.3%−69.7%+39.2%42.6%-0.35−83.1%—$13B—
PII Auto - Recreational VehiclesPolaris Inc.0/5 short0/3 long−1.2%−25.4%−9.6%−16.6%−17.0%−34.6%−49.5%−10.3%43.3%-0.10−75.6%—$3.1B—
APTV Auto - PartsAptiv PLC0/5 short0/3 long+3.4%−21.4%−25.9%−42.6%−46.0%−51.0%−73.3%−10.6%41.4%-0.43−75.8%—$9.4B—
LCID Auto - ManufacturersLucid Group, Inc.0/5 short0/3 long−24.0%−54.0%−51.6%−70.7%−83.6%−92.4%−98.7%—84.2%-0.62−99.5%—$1.0B—
LI Auto - ManufacturersLi Auto Inc.0/5 short0/3 long+3.6%−3.6%−36.2%−30.8%−47.0%−62.6%−61.8%—62.1%0.00−77.1%—$12B—
NIO Auto - ManufacturersNIO Inc.0/5 short0/3 long−6.5%−28.7%−48.5%−33.3%−51.4%−54.7%−91.4%—70.9%-0.34−95.0%—$8.3B—
PSNY Auto - ManufacturersPolestar Automotive Holding UK PLC0/5 short0/3 long−51.7%−75.7%−80.1%−81.0%−85.1%−94.7%−98.8%—81.8%-0.67−99.3%—$616M—
RIVN Auto - ManufacturersRivian Automotive, Inc.0/5 short0/3 long−19.1%−27.9%−26.5%−36.0%−5.0%−25.7%————−95.1%—$18B—
VFS Auto - ManufacturersVinFast Auto Ltd.0/5 short0/3 long−15.1%−8.0%−34.0%−15.1%−12.5%−46.7%−70.6%—147%0.26−97.1%—$6.7B—
XPEV Auto - ManufacturersXPeng Inc.0/5 short0/3 long−5.3%−24.9%−44.3%−51.5%−53.8%−26.2%−76.9%—77.8%0.00−91.1%—$9.4B—
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How did HMC do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where HMC ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with HMC and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of HMC; gray means the two finished within a fraction of a point. The rank row places HMC among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of HMC20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
HMC This pageHonda Motor Co., Ltd.—+7.7%−3.8%+39.8%−16.6%+4.0%+2.9%+11.0%−19.8%+20.2%−5.8%+9.5%−27.3%+15.8%+23.9%−20.8%+18.5%+59.8%−34.4%−14.4%+39.2%+12.5%+17.0%+25.6%−10.8%+10.9%−3.0%+15.2%−9.2%+30.7%
Rank among alternativesTop quarter in 6 of 2913 of 215 of 217 of 215 of 2117 of 1811 of 1514 of 158 of 149 of 149 of 144 of 1313 of 1313 of 138 of 137 of 129 of 106 of 91 of 97 of 91 of 93 of 96 of 98 of 97 of 97 of 95 of 94 of 99 of 95 of 8
SPY S&P 500State Street SPDR S&P 500 ETF16 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
BWA BorgWarner Inc.18 of 29+43.9%−10.2%+2.6%−9.2%+18.4%−9.2%+27.1%−31.0%+31.2%−7.3%−20.5%−0.8%+56.9%+12.4%−11.9%+118%+53.7%−54.5%+65.5%−1.6%+13.2%+28.5%+70.9%−2.5%+31.7%+0.6%−26.6%+8.4%+37.2%
GM General Motors Company11 of 15+54.2%+49.8%+8.0%−42.4%+40.8%+15.2%+14.0%−15.0%+22.5%+7.4%+1.5%−11.6%+41.8%+42.2%−45.0%——————————————
RACE Ferrari N.V.8 of 10−12.3%+26.3%+59.1%−16.7%+13.3%+39.7%+67.9%−4.5%+80.3%+22.7%———————————————————
ALV Autoliv, Inc.17 of 28+30.3%−12.7%+48.0%−23.5%+14.5%+11.2%+24.3%−21.6%+14.8%−7.3%+19.9%+18.1%+39.7%+30.1%−30.4%+83.9%+104%−57.5%−10.3%+36.1%−3.5%+30.6%+83.4%+5.2%+30.6%−44.6%−20.4%+15.0%—
MGA Magna International Inc.18 of 29+33.7%−26.3%+8.8%−28.6%+16.6%+33.4%+24.3%−18.4%+33.0%+9.7%−24.0%+34.4%+67.2%+54.9%−34.3%+108%+70.3%−62.0%+1.2%+14.3%−11.0%+5.1%+87.5%−9.6%+55.4%+7.5%−30.3%+1.0%+15.6%
TSLA Tesla, Inc.11 of 15+11.4%+62.5%+102%−65.0%+49.8%+743%+25.7%+6.9%+45.7%−10.9%+7.9%+47.9%+344%+18.9%+6.7%——————————————
TM Toyota Motor Corporation17 of 29+13.8%+8.8%+38.2%−24.4%+23.2%+13.6%+24.9%−5.8%+12.1%−1.5%+0.9%+5.9%+33.7%+43.6%−14.5%−5.3%+30.8%−36.6%−19.4%+30.6%+29.9%+20.6%+31.4%+5.0%−18.5%−35.0%+84.4%−6.6%+0.4%
F Ford Motor Company11 of 29+42.3%−13.1%+15.9%−42.2%+137%−3.9%+29.7%−34.4%+8.8%−8.0%−5.4%+3.7%+22.4%+22.6%−35.9%+68.0%+336%−66.0%−10.2%−0.3%−45.2%−5.9%+78.6%−39.0%−30.1%−17.7%−9.2%+81.2%+50.6%
HOG Harley-Davidson, Inc.13 of 29−30.0%−16.6%−9.8%+12.2%+4.3%+0.2%+13.6%−30.6%−10.8%+32.4%−29.5%−3.2%+43.8%+27.4%+13.5%+39.5%+52.1%−62.0%−32.4%+38.8%−14.2%+28.7%+3.3%−14.7%+36.9%+24.4%+35.6%+74.5%+16.6%
GNTX Gentex Corporation16 of 29−17.4%−10.7%+21.7%−20.4%+4.2%+19.2%+46.3%−1.6%+8.5%+25.8%−9.7%+11.7%+79.5%−34.8%+1.7%+69.4%+110%−48.8%+16.8%−18.3%+7.4%−14.8%+40.1%+18.4%+43.4%−32.9%+38.8%+48.6%+33.3%
STLA Stellantis N.V.11 of 16−9.2%−40.2%+79.0%−18.2%+21.9%+35.0%+17.8%−18.9%+95.3%−0.4%+20.8%+42.7%+60.5%+12.5%−49.5%+36.4%—————————————
PII Polaris Inc.19 of 29+15.9%−37.2%−3.8%−6.0%+17.8%−3.8%+36.4%−36.8%+52.1%−1.7%−42.3%+5.3%+75.9%+53.3%+46.0%+83.9%+60.4%−37.8%+4.8%−4.2%−24.6%+56.5%+54.3%+3.3%+48.7%+13.1%−5.6%+31.2%+31.8%
APTV Aptiv PLC9 of 14+25.8%−32.6%−3.7%−43.5%+26.6%+37.5%+55.9%−27.1%+57.6%−20.1%+19.3%+22.7%+59.4%+77.6%———————————————
LCID Lucid Group, Inc.1 of 5−65.0%−28.3%−38.4%−82.0%+280%————————————————————————
LI Li Auto Inc.2 of 5−29.4%−35.9%+83.5%−36.4%+11.3%————————————————————————
NIO NIO Inc.2 of 7+17.0%−51.9%−7.0%−69.2%−35.0%+1,112%−36.9%——————————————————————
PSNY Polestar Automotive Holding UK PLC0 of 4−32.2%−53.5%−57.4%−54.6%—————————————————————————
RIVN Rivian Automotive, Inc.1 of 4+48.2%−43.3%+27.3%−82.2%—————————————————————————
VFS VinFast Auto Ltd.1 of 4−17.1%−51.8%−16.3%+3.2%—————————————————————————
XPEV XPeng Inc.3 of 5+71.6%−19.0%+46.8%−80.3%+17.5%————————————————————————
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Risk and diversification

How HMC has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were HMC's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents HMC's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means HMC fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringHMC fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−53.8%−39.4%Feb 2007Dec 200822 monthsDec 20102 years
No named crash−52.0%—Jul 1988Jan 19912.5 yearsMay 19943.3 years
2015 China and oil sell-off−45.2%+40.3%Nov 2013Mar 20206.3 yearsJun 20233.3 years
Dot-com bust−41.1%−24.3%Apr 1999Sep 20012.4 yearsMay 20028 months
2011 euro debt crisis−36.9%−12.1%Feb 2011Nov 20119 monthsNov 20132 years

How did HMC do in stock market crashes?

This section measures how far HMC, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than HMC.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
HMC This pageHonda Motor Co., Ltd.—−3.1%−29.9%−27.3%−16.8%−4.9%−29.4%−29.7%−0.9%−50.5%−40.4%
SPY S&P 500State Street SPDR S&P 500 ETF3 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
BWA BorgWarner Inc.0 of 10−7.4%−36.2%−43.6%−26.3%−5.5%−41.3%−29.7%−6.3%−72.1%−42.2%
GM General Motors Company3 of 7−10.1%−53.0%−51.8%−14.9%−3.9%−25.5%−34.4%———
RACE Ferrari N.V.0 of 5−3.6%−36.9%−27.8%−31.8%−5.9%—————
ALV Autoliv, Inc.1 of 10−6.0%−37.0%−47.6%−24.7%−4.7%−25.0%−32.7%−4.0%−79.8%−52.3%
MGA Magna International Inc.2 of 10−6.9%−46.1%−53.5%−21.4%−3.9%−42.6%−39.6%−1.1%−79.3%−35.3%
TSLA Tesla, Inc.1 of 7−5.0%−45.4%−60.6%−21.6%−10.0%−45.6%−25.1%———
TM Toyota Motor Corporation8 of 10−1.9%−36.8%−22.0%−11.1%−3.4%−18.7%−21.2%−0.3%−48.9%−56.4%
F Ford Motor Company1 of 10−7.3%−55.6%−50.0%−21.1%−4.5%−25.7%−29.6%−2.4%−86.3%−75.5%
HOG Harley-Davidson, Inc.2 of 10−11.1%−29.4%−56.7%−29.3%−2.3%−37.2%−30.1%−2.6%−83.1%−32.0%
GNTX Gentex Corporation3 of 10−6.0%−33.3%−35.4%−16.8%−3.7%−20.2%−28.6%−2.0%−69.3%−57.1%
STLA Stellantis N.V.0 of 8−6.2%−42.6%−52.2%−22.4%−5.8%−45.9%−52.2%—−86.9%—
PII Polaris Inc.4 of 10−6.5%−24.7%−55.5%−31.9%−3.7%−49.7%−24.5%−3.2%−71.3%−28.3%
APTV Aptiv PLC0 of 6−5.7%−55.1%−63.2%−33.4%−6.0%−35.7%————
LCID Lucid Group, Inc.0 of 2−6.0%−72.5%————————
LI Li Auto Inc.0 of 2−4.1%−53.4%————————
NIO NIO Inc.0 of 4−7.3%−59.9%−46.1%−31.3%——————
PSNY Polestar Automotive Holding UK PLC0 of 2−11.2%−61.1%————————
RIVN Rivian Automotive, Inc.0 of 2−9.3%−79.7%————————
VFS VinFast Auto Ltd.2 of 2−0.3%−1.3%————————
XPEV XPeng Inc.0 of 2−3.1%−81.1%————————
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How closely does HMC move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares HMC with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than HMC's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
HMC This pageHonda Motor Co., Ltd.51%71%0.710.62
RACE Ferrari N.V.101%56%1.790.92
TSLA Tesla, Inc.182%129%1.401.91
TM Toyota Motor Corporation62%72%0.860.56
GM General Motors Company107%135%0.791.31
BWA BorgWarner Inc.109%157%0.701.31
MGA Magna International Inc.110%166%0.661.50
ALV Autoliv, Inc.109%169%0.651.60
GNTX Gentex Corporation63%98%0.640.92
F Ford Motor Company105%167%0.631.51
STLA Stellantis N.V.124%215%0.581.61
PII Polaris Inc.113%223%0.511.61
APTV Aptiv PLC106%219%0.481.80
HOG Harley-Davidson, Inc.68%167%0.411.39
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What diversifies HMC?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with HMC's. Because such investments tend not to fall at the same time, pairing HMC with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which HMC lost money. The last two columns show a portfolio that is 80% HMC and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2024202220182016201420112008200720022000199880/20 mix volatility80/20 mix annual return
HMC Honda Motor Co., Ltd. (this page)1.00+34.5%0.35−3.8%−16.6%−19.8%−5.8%−27.3%−20.8%−34.4%−14.4%−10.8%−3.0%−9.2%22.8%+4.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.38+119%1.48+15.9%+3.8%−5.2%————————19.1%+7.1%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.03+101%1.04+33.4%+10.4%−8.7%+29.8%+23.8%——————18.6%+7.0%
HDV Dividend & IncomeiShares Core High Dividend ETF0.24+83.3%1.00+14.1%+7.1%−3.0%+15.9%+12.6%——————19.1%+6.3%
SMH TechnologyVanEck Semiconductor ETF0.24+323%0.97+39.1%−33.5%−9.1%+35.6%+30.2%+6.8%−44.7%+6.0%−47.0%——21.1%+11.4%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.45+85.0%0.96+13.4%−5.1%−9.5%+6.3%+3.4%——————19.4%+6.5%
GLD CommoditiesSPDR Gold Shares0.17+126%0.96+26.7%−0.8%−1.9%+8.0%−2.2%+9.6%+4.9%+30.4%———19.1%+7.5%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.19+136%0.93+45.8%−10.4%−0.9%+7.4%———————19.5%+8.2%
XLE EnergyState Street Energy Select Sector SPDR ETF0.05+177%0.93+5.6%+64.4%−18.2%+28.0%−8.7%+2.8%−39.0%+36.8%−14.8%+24.4%—19.3%+8.8%

Stocks

InvestmentCorrelation5Y returnSharpe2024202220182016201420112008200720022000199880/20 mix volatility80/20 mix annual return
HMC Honda Motor Co., Ltd. (this page)1.00+34.5%0.35−3.8%−16.6%−19.8%−5.8%−27.3%−20.8%−34.4%−14.4%−10.8%−3.0%−9.2%22.8%+4.3%
CAH Medical - DistributionCardinal Health, Inc.0.12+479%1.55+19.0%+54.1%−24.5%−17.5%+23.0%+8.1%−39.6%−9.8%−8.3%+108%+51.7%19.6%+11.2%
CLS Hardware, Equipment & PartsCelestica Inc.0.10+3,143%1.47+215%+1.3%−16.3%+7.4%+12.9%−24.4%−20.5%−25.7%−65.1%−2.3%—22.6%+23.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.08+1,636%1.46+107%+17.0%+0.8%+18.3%−10.4%−17.0%−15.2%+2.1%−9.4%−71.1%−9.5%20.9%+19.7%
MCK Medical - DistributionMcKesson Corporation0.00+413%1.44+23.7%+51.8%−28.4%−28.3%+29.3%+11.8%−40.4%+29.7%−27.2%+61.2%+46.9%18.9%+10.7%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.15+690%1.41−4.0%+86.6%−8.2%+0.7%+0.4%——————20.3%+13.2%
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Common questions

What was HMC's worst drawdown?

HMC's deepest decline since it began trading in 1986 was 53.8%, from February 2007 to December 2008. It took 24 months from the low to climb back to its old high.

What were HMC's best and worst years?

Over 29 full calendar years, HMC's best year was 2009, when it returned 59.8%. Its worst was 2008, with a return of -34.4%.

Is there a better investment than HMC?

Among HMC's popular alternatives, RACE earned more than HMC over the past 5 years with similar volatility: 13.3% a year at 30.0% volatility, against 6.1% a year at 27.5%. Looking beyond its popular alternatives, NEU (specialty chemicals) and SXT (specialty chemicals) earned more than HMC over the past 5 years with similar volatility: NEU returned 21.0% a year at 26.8% volatility, against 6.1% a year at 27.5%.

Is HMC more volatile than the S&P 500?

Yes. HMC's volatility over the past 5 years was 27.5%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, HMC's return lands within 27.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is HMC's Sharpe ratio?

HMC's Sharpe ratio over the past 5 years was 0.35, against 0.79 for the S&P 500, so HMC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is HMC with the S&P 500?

Over the past 5 years, HMC's monthly returns had a correlation of 0.31 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against HMC instead: the lower it is, the more that option would diversify a HMC holding.

What are the best alternatives to HMC?

None of the 20 popular alternatives we compared outperformed HMC in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about HMC's strength than about its alternatives.

Did HMC outperform the S&P 500?

HMC finished ahead of the S&P 500 (SPY) in 13 of 29 full calendar years. In 2025, it returned +7.7%, against +17.7% for the index.

How did HMC do in stock market crashes?

HMC fell less than the S&P 500 (SPY) in six of the ten major crashes it has traded through, and further in three. The clearest case was the dot-com bust, when HMC fell 40.4% and the S&P 500 fell 47.5%.

What diversifies HMC?

These had a low correlation with HMC over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.38), EMLP (correlation 0.03) and HDV (correlation 0.24); among large stocks, CAH (correlation 0.12), CLS (correlation 0.10) and FIX (correlation 0.08). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to HMC

Other stocks and ETFs