APD vs. JNJ

Last updated Jun 4, 2026

APD (Air Products and Chemicals, Inc.) and JNJ (Johnson & Johnson) are both stocks. APD operates in Chemicals (Basic Materials), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, APD returned 9.67%/yr vs 9.85%/yr for JNJ. At a 0.32 correlation, their price movements are largely independent.

Performance

APD vs. JNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Air Products and Chemicals, Inc. (APD) and Johnson & Johnson (JNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APD achieves a 15.83% return, which is significantly higher than JNJ's 9.07% return. Both investments have delivered pretty close results over the past 10 years, with APD having a 9.67% annualized return and JNJ not far ahead at 9.85%.

APD

• 1D: 1.07%
• 1M: -5.39%
• YTD: 15.83%
• 6M: 9.90%
• 1Y: 2.31%
• 3Y*: 2.76%
• 5Y*: 0.97%
• 10Y*: 9.67%

JNJ

• 1D: 0.16%
• 1M: 0.14%
• YTD: 9.07%
• 6M: 9.93%
• 1Y: 48.18%
• 3Y*: 15.79%
• 5Y*: 9.14%
• 10Y*: 9.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APD vs. JNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APD Air Products and Chemicals, Inc.	15.83%	-12.66%	8.09%	-8.95%	3.91%	13.75%	18.82%	50.02%	0.26%	17.04%
JNJ Johnson & Johnson	9.07%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%

Correlation

The correlation between APD and JNJ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jan 5, 1987	0.32

The correlation between APD and JNJ shifts across timeframes, from 0.22 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap APD : $62.92B JNJ : $545.87B
EPS APD : $9.45 JNJ : $8.65
PE Ratio APD : 29.86 JNJ : 25.81
PEG Ratio APD : 1.39 JNJ : 0.86
PS Ratio APD : 5.05 JNJ : 5.64
PB Ratio APD : 4.02 JNJ : 6.72
Total Revenue (TTM) APD : $12.46B JNJ : $96.36B
Gross Profit (TTM) APD : $3.99B JNJ : $66.60B
EBITDA (TTM) APD : $4.36B JNJ : $31.62B

Return for Risk

APD vs. JNJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APD

APD Risk / Return Rank: 40
APD Sharpe Ratio Rank: 44
APD Sortino Ratio Rank: 36
APD Omega Ratio Rank: 37
APD Calmar Ratio Rank: 43
APD Martin Ratio Rank: 43

JNJ

JNJ Risk / Return Rank: 92
JNJ Sharpe Ratio Rank: 94
JNJ Sortino Ratio Rank: 95
JNJ Omega Ratio Rank: 93
JNJ Calmar Ratio Rank: 89
JNJ Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APD vs. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and Johnson & Johnson (JNJ). 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.

	APD	JNJ	Difference
Sharpe ratio: Return per unit of total volatility	0.09	2.91	-2.81
Sortino ratio: Return per unit of downside risk	0.32	4.26	-3.94
Omega ratio: Gain probability vs. loss probability	1.04	1.52	-0.48
Calmar ratio: Return relative to maximum drawdown	0.10	4.42	-4.31
Martin ratio: Return relative to average drawdown	0.26	13.33	-13.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APD vs. JNJ - Sharpe Ratio Comparison

The current APD Sharpe Ratio is 0.09, which is lower than the JNJ Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of APD and JNJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APD	JNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	2.91	-2.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.55	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.54	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.53	-0.12

Drawdowns

APD vs. JNJ - Drawdown Comparison

The maximum APD drawdown since its inception was -60.30%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for APD and JNJ.

Drawdown Indicators

	APD	JNJ	Difference
Max Drawdown Largest peak-to-trough decline	-60.30%	-50.67%	-9.63%
Max Drawdown (1Y) Largest decline over 1 year	-22.39%	-10.96%	-11.43%
Max Drawdown (3Y) Largest decline over 3 years	-30.43%	-15.95%	-14.48%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-18.41%	-13.36%
Max Drawdown (10Y) Largest decline over 10 years	-31.77%	-27.37%	-4.40%
Current Drawdown Current decline from peak	-13.74%	-9.67%	-4.07%
Average Drawdown Average peak-to-trough decline	-11.05%	-11.88%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.85%	3.63%	+5.22%

Volatility

APD vs. JNJ - Volatility Comparison

Air Products and Chemicals, Inc. (APD) has a higher volatility of 5.77% compared to Johnson & Johnson (JNJ) at 5.20%. This indicates that APD's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APD	JNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.20%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	12.17%	+6.77%
Volatility (1Y) Calculated over the trailing 1-year period	24.65%	16.67%	+7.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	16.82%	+9.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.90%	18.45%	+7.45%

Dividends

APD vs. JNJ - Dividend Comparison

APD's dividend yield for the trailing twelve months is around 2.54%, more than JNJ's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APD Air Products and Chemicals, Inc.	2.54%	2.89%	1.83%	2.56%	2.10%	1.97%	1.96%	1.97%	2.75%	2.32%	2.39%	2.49%
JNJ Johnson & Johnson	2.35%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%

Financials

APD vs. JNJ - Profitability Comparison

The chart below illustrates the profitability comparison between Air Products and Chemicals, Inc. and Johnson & Johnson over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

APD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.

JNJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.

APD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.

JNJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.

APD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.

JNJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.

Frequently Asked Questions

Can I hold both APD and JNJ in my portfolio?

APD and JNJ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APD or JNJ?

APD has higher volatility (5.77%) compared to JNJ (5.20%). In terms of maximum drawdown, APD dropped -60.30% vs JNJ's -50.67%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (2.91 vs 0.09), 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.