Relative Intelligence · Aerospace & Defense

How Honeywell Aerospace (HONA) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on HONA alone. It places HONA (Honeywell Aerospace Inc) 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 and diversification. The result is a clearer view of where HONA stands in the market, and of the alternatives worth a closer look.

Period covered: HONA's full trading record. 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.

HONA began trading in June 2026, so it has less than a year of history. This page compares it over the periods it has, so it may be missing long-term perspectives that will appear as its record grows.

Rank the market against HONA →Chart HONA vs. 21 alternatives →

On this page3 sections

Key findings

Right nowHONA has gone against the market, falling 21.0% over the past 3 months while the S&P 500 rose 3.9%. HONA is 40.8% below its high, bear-market territory, while the S&P 500 sits 1.3% below a record. At a glance ↓
Stock or market?The weakness is HONA's own: it fell 21.0% over the past 3 months while the aerospace & defense ETF ITA (iShares U.S. Aerospace & Defense ETF) fell 10.0%. The S&P 500 rose 3.9%. Its aerospace & defense peers did not move as one over the past 3 months: RTX fell 0.2%, while CW (Curtiss-Wright) fell 30.1%.

HONA at a glance

This section summarizes the key facts about the stock, its returns over the months since it began trading and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: HONA began trading on June 15, 2026, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or eight other sell-offs.

HONA is still 40.8% below its all-time high.
HONA's deepest decline since it began trading in 2026 was 43.9%, from June to September 2026. It has not yet climbed back to that peak.

The company

Market value: $51B
Industry: Aerospace & Defense
Price history from: June 2026

Returns

Past 1 month: −5.4%total return
Past 3 months: −21.0%total return

Risk

Worst decline ever: −43.9%Jun 2026 to Sep 2026
From its all-time high: −40.8%below the peak

HONA against its popular alternatives

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

Has HONA consistently beaten its popular alternatives?

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

14 of the 21 popular alternatives, led by LMT, NOC and TDY, outperformed HONA in both of its timeframes.

A green cell means the alternative earned more than HONA over that period. "Qualified" marks those that did so in both of its periods.

Investment	Periods outperformed	Short term		Risk	Fund
Investment	Periods outperformed	1M	3M	Worst declinepast 10 years	Expense	Assets	Overlapsame sectors
HONA Honeywell Aerospace Inc (this page)	—	−5.4%	−21.0%	—	—	$51B	—
LMT QualifiedLockheed Martin Corporation	2/2 short	+2.5%	+8.4%	−36.7%	—	$127B	—
NOC QualifiedNorthrop Grumman Corporation	2/2 short	+1.4%	+2.4%	−37.8%	—	$76B	—
TDY QualifiedTeledyne Technologies Incorporated	2/2 short	+3.7%	+0.8%	−48.9%	—	$29B	—
RTX QualifiedRTX Corporation	2/2 short	−0.5%	−0.2%	−52.0%	—	$261B	—
DCO QualifiedDucommun Incorporated	2/2 short	−1.0%	−1.3%	−70.8%	—	$2.5B	—
TDG QualifiedTransDigm Group Incorporated	2/2 short	+3.0%	−5.1%	−62.6%	—	$63B	—
GD QualifiedGeneral Dynamics Corporation	2/2 short	−2.2%	−6.6%	−51.6%	—	$93B	—
CR QualifiedCrane Company	2/2 short	+1.2%	−7.4%	−60.1%	—	$12B	—
MOG-A QualifiedMoog Inc.	2/2 short	−1.4%	−7.9%	−63.7%	—	$12B	—
HEI QualifiedHEICO Corporation	2/2 short	+0.7%	−10.3%	−57.7%	—	$43B	—
LHX QualifiedL3Harris Technologies, Inc.	2/2 short	+0.7%	−10.9%	−38.2%	—	$46B	—
HXL QualifiedHexcel Corporation	2/2 short	+5.0%	−13.5%	−68.5%	—	$6.9B	—
TXT QualifiedTextron Inc.	2/2 short	−2.8%	−15.0%	−70.0%	—	$13B	—
WWD QualifiedWoodward, Inc.	2/2 short	−0.3%	−17.0%	−60.6%	—	$19B	—
BA Aerospace & DefenseThe Boeing Company	1/2 short	−5.3%	−9.1%	−77.9%	—	$151B	—
ATRO Aerospace & DefenseAstronics Corporation	1/2 short	−12.8%	−11.0%	−85.5%	—	$2.2B	—
GE Aerospace & DefenseGE Aerospace	1/2 short	−5.9%	−12.0%	−80.9%	—	$311B	—
UAL Airlines, Airports & Air ServicesUnited Airlines Holdings, Inc.	1/2 short	−14.5%	−16.8%	−79.4%	—	$32B	—
HWM Aerospace & DefenseHowmet Aerospace Inc.	0/2 short	−6.9%	−22.1%	−68.9%	—	$84B	—
AIR Aerospace & DefenseAAR Corp.	0/2 short	−14.2%	−26.5%	−81.8%	—	$4.0B	—
CW Aerospace & DefenseCurtiss-Wright Corporation	0/2 short	−12.8%	−30.1%	−48.7%	—	$18B	—

Open these 22 in EasyCompare

Risk and diversification

How HONA 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 HONA's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents HONA's deepest drawdown since it began trading in 2026, 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.

Note: HONA began trading on June 15, 2026, so this list cannot include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

Not every decline was the market's doing: HONA fell 43.9% from June to September 2026, while the S&P 500 rose 1.9%.

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

During	HONA fell	S&P 500, same dates	Peak	Low	Time to the low	Back at the peak	Time to recover
No named crash	−43.9%	+1.9%	Jun 2026	Sep 2026	3 months	Not yet	—

Common questions

What was HONA's worst drawdown?

HONA's deepest decline since it began trading in 2026 was 43.9%, from June to September 2026. It has not yet climbed back to that peak. Because HONA launched in June 2026, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

What are the best alternatives to HONA?

Of the 21 popular alternatives we compared, 14 outperformed HONA in both of its timeframes, with dividends reinvested: LMT, NOC and TDY.

How we measure

Short-term periods are 1M, 3M. An investment outperformed in a period when its total return, with dividends reinvested, was higher than HONA's. Returns within 0.5 points or 3% of HONA's, whichever is larger, count as a tie.
"Qualified" means outperforming in both of its periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.