BAESY vs. MCK
BAESY (BAE Systems PLC) and MCK (McKesson Corporation) are both stocks. BAESY operates in Aerospace & Defense (Industrials), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, BAESY returned 18.04%/yr vs 16.40%/yr for MCK. At a 0.25 correlation, their price movements are largely independent.
Performance
BAESY vs. MCK - Performance Comparison
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Returns By Period
In the year-to-date period, BAESY achieves a 9.73% return, which is significantly higher than MCK's 1.56% return. Over the past 10 years, BAESY has outperformed MCK with an annualized return of 18.04%, while MCK has yielded a comparatively lower 16.40% annualized return.
BAESY
- 1D
- -0.17%
- 1M
- 3.83%
- 6M
- -10.13%
- YTD
- 9.73%
- 1Y
- -2.43%
- 3Y*
- 30.40%
- 5Y*
- 30.66%
- 10Y*
- 18.04%
- ALL TIME*
- 10.21%
MCK
- 1D
- -1.18%
- 1M
- 10.77%
- 6M
- -0.88%
- YTD
- 1.56%
- 1Y
- 17.62%
- 3Y*
- 26.72%
- 5Y*
- 34.03%
- 10Y*
- 16.40%
- ALL TIME*
- 14.25%
BAESY vs. MCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 9.73% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
MCK McKesson Corporation | 1.56% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
Correlation
The correlation between BAESY and MCK is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.25 |
The correlation between BAESY and MCK shifts across timeframes, from 0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BAESY:
$73.89B
MCK:
$97.35B
BAESY:
£5.29
MCK:
$38.53
BAESY:
14.17
MCK:
21.58
BAESY:
2.61
MCK:
0.29
BAESY:
1.04
MCK:
0.25
BAESY:
4.83
MCK:
14.75
BAESY:
£54.56B
MCK:
$403.43B
BAESY:
£19.72B
MCK:
$14.55B
BAESY:
£7.74B
MCK:
$6.91B
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Return for Risk
BAESY vs. MCK — Risk / Return Rank
BAESY
MCK
BAESY vs. MCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems PLC (BAESY) and McKesson Corporation (MCK). 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.
| BAESY | MCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.65 | -0.75 |
| Martin ratioReturn relative to average drawdown | -0.21 | 1.46 | -1.67 |
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Drawdowns
BAESY vs. MCK - Drawdown Comparison
The maximum BAESY drawdown since its inception was -59.20%, smaller than the maximum MCK drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for BAESY and MCK.
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Drawdown Indicators
| BAESY | MCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.20% | -82.84% | +23.64% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -27.17% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -27.17% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -27.17% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -42.13% | -43.80% | +1.67% |
Current DrawdownCurrent decline from peak | -18.05% | -16.40% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -19.32% | -28.62% | +9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 12.08% | -0.33% |
Volatility
BAESY vs. MCK - Volatility Comparison
BAE Systems PLC (BAESY) and McKesson Corporation (MCK) have volatilities of 9.93% and 9.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAESY | MCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.93% | 9.79% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 25.53% | 24.47% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.68% | 30.21% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.47% | 24.46% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 28.89% | -1.30% |
Dividends
BAESY vs. MCK - Dividend Comparison
BAESY's dividend yield for the trailing twelve months is around 1.92%, more than MCK's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.92% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
MCK McKesson Corporation | 0.39% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
Financials
BAESY vs. MCK - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems PLC and McKesson 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
BAESY vs. MCK - Profitability Comparison
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
Frequently Asked Questions
BAESY and MCK have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAESY has higher volatility (9.93%) compared to MCK (9.79%). In terms of maximum drawdown, BAESY dropped -59.20% vs MCK's -82.84%.
MCK currently has the higher Sharpe Ratio (0.59 vs -0.07), 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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