BAESY vs. TMO
BAESY (BAE Systems PLC) and TMO (Thermo Fisher Scientific Inc.) are both stocks. BAESY operates in Aerospace & Defense (Industrials), while TMO operates in Diagnostics & Research (Healthcare). Over the past 10 years, BAESY returned 18.73%/yr vs 12.28%/yr for TMO. At a 0.27 correlation, their price movements are largely independent.
Performance
BAESY vs. TMO - Performance Comparison
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Returns By Period
In the year-to-date period, BAESY achieves a 12.98% return, which is significantly higher than TMO's -18.87% return. Over the past 10 years, BAESY has outperformed TMO with an annualized return of 18.73%, while TMO has yielded a comparatively lower 12.28% annualized return.
BAESY
- 1D
- 0.88%
- 1M
- -2.16%
- YTD
- 12.98%
- 6M
- 13.84%
- 1Y
- 0.14%
- 3Y*
- 31.96%
- 5Y*
- 30.90%
- 10Y*
- 18.73%
TMO
- 1D
- -0.67%
- 1M
- 1.00%
- YTD
- -18.87%
- 6M
- -17.21%
- 1Y
- 17.28%
- 3Y*
- -2.93%
- 5Y*
- 1.21%
- 10Y*
- 12.28%
BAESY vs. TMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 12.98% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
TMO Thermo Fisher Scientific Inc. | -18.87% | 11.78% | -1.72% | -3.36% | -17.29% | 43.54% | 43.72% | 45.55% | 18.21% | 35.03% |
Correlation
The correlation between BAESY and TMO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.27 |
The correlation between BAESY and TMO shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BAESY:
$78.73B
TMO:
$175.17B
BAESY:
$5.29
TMO:
$18.22
BAESY:
19.61
TMO:
25.78
BAESY:
1.44
TMO:
3.91
BAESY:
6.69
TMO:
3.37
BAESY:
$54.56B
TMO:
$45.20B
BAESY:
$19.72B
TMO:
$17.81B
BAESY:
$7.74B
TMO:
$11.16B
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Return for Risk
BAESY vs. TMO — Risk / Return Rank
BAESY
TMO
BAESY vs. TMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems PLC (BAESY) 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.
| BAESY | TMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.55 | -0.55 |
| Martin ratioReturn relative to average drawdown | 0.01 | 1.23 | -1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAESY | TMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 0.56 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.04 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.47 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.40 | -0.05 |
Drawdowns
BAESY vs. TMO - Drawdown Comparison
The maximum BAESY drawdown since its inception was -59.20%, smaller than the maximum TMO drawdown of -71.16%. Use the drawdown chart below to compare losses from any high point for BAESY and TMO.
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Drawdown Indicators
| BAESY | TMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.20% | -71.16% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -31.38% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -37.28% | +13.69% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -40.95% | +17.36% |
Max Drawdown (10Y)Largest decline over 10 years | -42.13% | -40.95% | -1.18% |
Current DrawdownCurrent decline from peak | -15.62% | -28.76% | +13.14% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -18.02% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.99% | 14.09% | -4.10% |
Volatility
BAESY vs. TMO - Volatility Comparison
BAE Systems PLC (BAESY) and Thermo Fisher Scientific Inc. (TMO) have volatilities of 9.80% and 9.96%, 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 | TMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 9.96% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 24.82% | 21.57% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 31.02% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.05% | 27.13% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 26.33% | +1.55% |
Dividends
BAESY vs. TMO - Dividend Comparison
BAESY's dividend yield for the trailing twelve months is around 1.87%, more than TMO's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.87% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
TMO Thermo Fisher Scientific Inc. | 0.37% | 0.30% | 0.30% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% |
Financials
BAESY vs. TMO - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems PLC 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
BAESY vs. TMO - Profitability Comparison
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
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%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
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%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
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
BAESY and TMO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMO has higher volatility (9.96%) compared to BAESY (9.80%). In terms of maximum drawdown, BAESY dropped -59.20% vs TMO's -71.16%.
TMO currently has the higher Sharpe Ratio (0.56 vs 0.00), 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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