AMGN vs. TMO
AMGN (Amgen Inc.) and TMO (Thermo Fisher Scientific Inc.) are both stocks. Both are in the Healthcare sector — AMGN in Drug Manufacturers - General, TMO in Diagnostics & Research. Over the past 10 years, AMGN returned 12.08%/yr vs 12.54%/yr for TMO. At a 0.31 correlation, their price movements are largely independent.
Performance
AMGN vs. TMO - Performance Comparison
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Returns By Period
In the year-to-date period, AMGN achieves a 10.10% return, which is significantly higher than TMO's -18.92% return. Both investments have delivered pretty close results over the past 10 years, with AMGN having a 12.08% annualized return and TMO not far ahead at 12.54%.
AMGN
- 1D
- 0.32%
- 1M
- 8.85%
- YTD
- 10.10%
- 6M
- 13.41%
- 1Y
- 23.93%
- 3Y*
- 20.61%
- 5Y*
- 11.36%
- 10Y*
- 12.08%
TMO
- 1D
- -1.33%
- 1M
- 7.07%
- YTD
- -18.92%
- 6M
- -17.84%
- 1Y
- 16.84%
- 3Y*
- -3.43%
- 5Y*
- 0.45%
- 10Y*
- 12.54%
AMGN vs. TMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMGN Amgen Inc. | 10.10% | 29.67% | -6.77% | 13.46% | 20.43% | 0.87% | -1.99% | 27.60% | 15.23% | 22.27% |
TMO Thermo Fisher Scientific Inc. | -18.92% | 11.78% | -1.72% | -3.36% | -17.29% | 43.54% | 43.72% | 45.55% | 18.21% | 35.03% |
Correlation
The correlation between AMGN and TMO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 1987 | 0.31 |
The correlation between AMGN and TMO shifts across timeframes, from 0.31 (all time) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AMGN:
$193.23B
TMO:
$175.06B
AMGN:
$14.38
TMO:
$18.22
AMGN:
24.70
TMO:
25.76
AMGN:
5.17
TMO:
3.91
AMGN:
21.03
TMO:
3.37
AMGN:
$37.24B
TMO:
$45.20B
AMGN:
$26.61B
TMO:
$17.81B
AMGN:
$17.27B
TMO:
$11.16B
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Return for Risk
AMGN vs. TMO — Risk / Return Rank
AMGN
TMO
AMGN vs. TMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amgen Inc. (AMGN) and Thermo Fisher Scientific Inc. (TMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMGN | TMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 0.43 | +0.97 |
| Martin ratioReturn relative to average drawdown | 3.22 | 0.93 | +2.29 |
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Drawdowns
AMGN vs. TMO - Drawdown Comparison
The maximum AMGN drawdown since its inception was -63.48%, smaller than the maximum TMO drawdown of -71.16%. Use the drawdown chart below to compare losses from any high point for AMGN and TMO.
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Drawdown Indicators
| AMGN | TMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.48% | -71.16% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.57% | -31.38% | +14.81% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -37.28% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -40.95% | +16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -24.86% | -40.95% | +16.09% |
Current DrawdownCurrent decline from peak | -7.80% | -28.80% | +21.00% |
Average DrawdownAverage peak-to-trough decline | -16.77% | -18.11% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 14.43% | -7.24% |
Volatility
AMGN vs. TMO - Volatility Comparison
The current volatility for Amgen Inc. (AMGN) is 7.92%, while Thermo Fisher Scientific Inc. (TMO) has a volatility of 10.57%. This indicates that AMGN experiences smaller price fluctuations and is considered to be less risky than TMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMGN | TMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 10.57% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 19.22% | 22.27% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 31.48% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 27.20% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 26.38% | -1.52% |
Dividends
AMGN vs. TMO - Dividend Comparison
AMGN's dividend yield for the trailing twelve months is around 2.76%, more than TMO's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMGN Amgen Inc. | 2.76% | 2.91% | 3.45% | 2.96% | 2.95% | 3.13% | 2.78% | 2.41% | 2.71% | 2.65% | 2.74% | 1.95% |
TMO Thermo Fisher Scientific Inc. | 0.28% | 0.30% | 0.30% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% |
Financials
AMGN vs. TMO - Financials Comparison
This section allows you to compare key financial metrics between Amgen Inc. and Thermo Fisher Scientific Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMGN vs. TMO - Profitability Comparison
AMGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amgen Inc. reported a gross profit of 5.87B and revenue of 8.62B. Therefore, the gross margin over that period was 68.2%.
TMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported a gross profit of 4.48B and revenue of 11.01B. Therefore, the gross margin over that period was 40.7%.
AMGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amgen Inc. reported an operating income of 2.67B and revenue of 8.62B, resulting in an operating margin of 30.9%.
TMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported an operating income of 1.86B and revenue of 11.01B, resulting in an operating margin of 16.9%.
AMGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amgen Inc. reported a net income of 1.82B and revenue of 8.62B, resulting in a net margin of 21.1%.
TMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported a net income of 1.65B and revenue of 11.01B, resulting in a net margin of 15.0%.
Frequently Asked Questions
AMGN and TMO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMO has higher volatility (10.57%) compared to AMGN (7.92%). In terms of maximum drawdown, AMGN dropped -63.48% vs TMO's -71.16%.
AMGN currently has the higher Sharpe Ratio (0.84 vs 0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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