Compare/Updated Oct 26, 2026, refreshed every trading day
HPE vs HPQ
Hewlett Packard Enterprise Company against HP Inc.: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
HPE was the clear winner over the 1,000-trading-day period from October 28, 2022, to October 23, 2026. A $1,000 investment grew to $4,344 in HPE versus $1,408 in HPQ, representing total returns of 334.4% and 40.8%, respectively. HPE also led over one, three, and six months, YTD, one year, and three years, although HPQ performed better over the past month and had a stronger three-month return. HPE’s outperformance came with greater recent volatility: 58.3% versus 46.0% for HPQ. Its worst drawdown was -48.3%, compared with -51.2% for HPQ. The stocks had moderate daily correlation of 0.463, falling to 0.322 over the last 12 months, so their returns have not moved in lockstep. HPE won 27 of the last 48 months, while HPQ won 21.
- Price is above its 200-day average ($40); 50-day at $59.
- RSI 42, neutral. Supertrend says sell. ADX 25, so the trend is strong.
- Price is above its 200-day average ($24); 50-day at $31.
- RSI 62, neutral. Supertrend says buy. ADX 16, so the trend is weak.
Head to head
Which has returned more, HPE or HPQ?
HPE beat HPQ in 27 of the last 48 months; HPQ won the other 21. The typical monthly gap was 7.85 points.
Total return by period
Which is riskier?
HPE: Jan 22, 2025 to Apr 8, 2025; HPQ: Nov 25, 2024 to Feb 24, 2026
- 0.463
- correlation of daily moves, 4 years
- 0.56
- HPE move per 1% in HPQ
- 0.322
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 7.85 points.
When did they diverge?
| Month | HPE | HPQ | Gap |
|---|---|---|---|
| May 2024 | +3.8% | +29.9% | -26.12 pts |
| June 2024 | +20.7% | -3.3% | +24.03 pts |
| June 2026 | +5.1% | -17.8% | +22.96 pts |
| May 2026 | +49.6% | +29.6% | +19.99 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with HPE and HPQ?
- Price
- $56.43
- Price
- $33.64
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