APO vs. LMT
APO (Apollo Global Management, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. APO operates in Asset Management (Financial Services), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, APO returned 29.16%/yr vs 11.37%/yr for LMT. At a 0.21 correlation, their price movements are largely independent.
Performance
APO vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, APO achieves a -6.75% return, which is significantly lower than LMT's 13.04% return. Over the past 10 years, APO has outperformed LMT with an annualized return of 29.16%, while LMT has yielded a comparatively lower 11.37% annualized return.
APO
- 1D
- -0.02%
- 1M
- 2.16%
- YTD
- -6.75%
- 6M
- -8.82%
- 1Y
- -1.51%
- 3Y*
- 22.69%
- 5Y*
- 20.72%
- 10Y*
- 29.16%
LMT
- 1D
- -1.52%
- 1M
- 4.60%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 18.25%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
APO vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | -6.75% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.00% | 106.46% | -22.03% | 85.29% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between APO and LMT is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.21 |
The correlation between APO and LMT shifts across timeframes, from -0.00 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
APO:
$79.66B
LMT:
$124.87B
APO:
$3.58
LMT:
$20.61
APO:
37.38
LMT:
26.21
APO:
2.71
LMT:
1.67
APO:
4.29
LMT:
16.67
APO:
$29.68B
LMT:
$75.12B
APO:
$26.52B
LMT:
$7.37B
APO:
$9.28B
LMT:
$8.09B
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Return for Risk
APO vs. LMT — Risk / Return Rank
APO
LMT
APO vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and Lockheed Martin Corporation (LMT). 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.
| APO | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.14 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 0.73 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.09 | 1.69 | -1.78 |
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Drawdowns
APO vs. LMT - Drawdown Comparison
The maximum APO drawdown since its inception was -56.99%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for APO and LMT.
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Drawdown Indicators
| APO | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.99% | -79.29% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -34.97% | -25.15% | -9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -42.82% | -31.79% | -11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -42.82% | -31.79% | -11.03% |
Max Drawdown (10Y)Largest decline over 10 years | -53.48% | -36.67% | -16.81% |
Current DrawdownCurrent decline from peak | -23.36% | -19.63% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -16.39% | -26.83% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.70% | 10.81% | +5.89% |
Volatility
APO vs. LMT - Volatility Comparison
Apollo Global Management, Inc. (APO) has a higher volatility of 8.49% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that APO's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APO | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 7.02% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 26.89% | 20.04% | +6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.44% | 26.71% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.11% | 22.99% | +14.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.83% | 23.76% | +14.07% |
Dividends
APO vs. LMT - Dividend Comparison
APO's dividend yield for the trailing twelve months is around 1.56%, less than LMT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.56% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
APO vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Apollo Global Management, Inc. and Lockheed Martin Corporation. 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
APO vs. LMT - Profitability Comparison
APO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
APO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
APO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
APO and LMT have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APO has higher volatility (8.49%) compared to LMT (7.02%). In terms of maximum drawdown, APO dropped -56.99% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs -0.04), 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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