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

> Source: BetterThanSPY research, https://betterthanspy.com/research/hona
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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 22, 2026.

## Key findings

- **Right now:** HONA has gone against the market, falling 21.5% over the past 3 months while the S&P 500 rose 2.5%. HONA is 39.6% below its high, bear-market territory, while the S&P 500 sits 1.9% below a record.
- **Stock or market?:** The weakness is HONA's own: it fell 21.5% over the past 3 months while the aerospace components ETF ITA (iShares U.S. Aerospace & Defense ETF) fell 11.4%. The S&P 500 rose 2.5%. Its aerospace component peers did not move as one over the past 3 months: RTX rose 0.2%, while CW (Curtiss-Wright) fell 35.2%.

## 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.

- HONA is still 39.6% 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.

- Type: Stock, Industrials (Aerospace & Defense)
- Trading since: June 15, 2026
- Market value: $52B
- Worst decline ever: −43.9%, from June 16, 2026 to September 9, 2026; not yet back at its high

| Period | HONA total return |
| --- | --- |
| 1 month | −2.6% |
| 3 months | −21.5% |

## 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.

- Eight of the 21 popular alternatives, led by LMT, NOC and RTX, outperformed HONA in both of its timeframes.

| Investment | Periods ahead of HONA | Verdict | Sharpe |
| --- | --- | --- | --- |
| HONA: Honeywell Aerospace Inc (this page) |  |  | — |
| [LMT](https://betterthanspy.com/research/lmt): Lockheed Martin Corporation | 2/2 short-term | consistent | — |
| [NOC](https://betterthanspy.com/research/noc): Northrop Grumman Corporation | 2/2 short-term | consistent | — |
| [RTX](https://betterthanspy.com/research/rtx): RTX Corporation | 2/2 short-term | consistent | — |
| [TDG](https://betterthanspy.com/research/tdg): TransDigm Group Incorporated | 2/2 short-term | consistent | — |
| TDY: Teledyne Technologies Incorporated | 2/2 short-term | consistent | — |
| [GD](https://betterthanspy.com/research/gd): General Dynamics Corporation | 2/2 short-term | consistent | — |
| [LHX](https://betterthanspy.com/research/lhx): L3Harris Technologies, Inc. | 2/2 short-term | consistent | — |
| TXT: Textron Inc. | 2/2 short-term | consistent | — |
| DCO: Ducommun Incorporated | 1/2 short-term |  | — |
| [BA](https://betterthanspy.com/research/ba): The Boeing Company | 1/2 short-term |  | — |
| [HEI](https://betterthanspy.com/research/hei): HEICO Corporation | 1/2 short-term |  | — |
| UAL: United Airlines Holdings, Inc. | 1/2 short-term |  | — |
| [GE](https://betterthanspy.com/research/ge): GE Aerospace | 1/2 short-term |  | — |
| CR: Crane Company | 1/2 short-term |  | — |
| MOG-A: Moog Inc. | 1/2 short-term |  | — |
| ATRO: Astronics Corporation | 1/2 short-term |  | — |
| HXL: Hexcel Corporation | 0/2 short-term |  | — |
| AIR: AAR Corp. | 0/2 short-term |  | — |
| WWD: Woodward, Inc. | 0/2 short-term |  | — |
| [HWM](https://betterthanspy.com/research/hwm): Howmet Aerospace Inc. | 0/2 short-term |  | — |
| CW: Curtiss-Wright Corporation | 0/2 short-term |  | — |

## 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.

- 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%.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −43.9% | June 16, 2026 | September 9, 2026 | not yet | +1.9% |  |

## 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, eight outperformed HONA in both of its timeframes, with dividends reinvested: LMT, NOC and RTX.

## More research

- [Lockheed Martin (LMT) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/lmt)
- [Northrop Grumman (NOC) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/noc)
- [RTX Performance, Alternatives and Market Rank](https://betterthanspy.com/research/rtx)
- [TransDigm Group (TDG) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/tdg)
- [General Dynamics (GD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/gd)
- [L3Harris Technologies (LHX) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/lhx)
- [Boeing (BA) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/ba)
- [HEICO (HEI) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/hei)
- [GE Aerospace (GE) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/ge)
- [Howmet Aerospace (HWM) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/hwm)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/schd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/nvda)

## Explore further

- Full page with charts: https://betterthanspy.com/research/hona
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against HONA live: https://betterthanspy.com/?b=HONA