BSX vs. LMT
BSX (Boston Scientific Corporation) and LMT (Lockheed Martin Corporation) are both stocks. BSX operates in Medical Devices (Healthcare), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, BSX returned 7.42%/yr vs 11.37%/yr for LMT. At a 0.21 correlation, their price movements are largely independent.
Performance
BSX vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, BSX achieves a -50.80% return, which is significantly lower than LMT's 13.04% return. Over the past 10 years, BSX has underperformed LMT with an annualized return of 7.42%, while LMT has yielded a comparatively higher 11.37% annualized return.
BSX
- 1D
- -0.55%
- 1M
- -10.95%
- YTD
- -50.80%
- 6M
- -49.33%
- 1Y
- -52.97%
- 3Y*
- -2.85%
- 5Y*
- 1.80%
- 10Y*
- 7.42%
LMT
- 1D
- -1.52%
- 1M
- 5.40%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 14.07%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
BSX vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSX Boston Scientific Corporation | -50.80% | 6.75% | 54.51% | 24.94% | 8.92% | 18.16% | -20.50% | 27.96% | 42.56% | 14.61% |
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 BSX and LMT is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 19, 1992 | 0.21 |
The correlation between BSX and LMT shifts across timeframes, from 0.03 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BSX:
$70.13B
LMT:
$124.87B
BSX:
$2.38
LMT:
$20.61
BSX:
19.74
LMT:
26.21
BSX:
3.40
LMT:
1.67
BSX:
2.71
LMT:
16.67
BSX:
$20.62B
LMT:
$75.12B
BSX:
$14.52B
LMT:
$7.37B
BSX:
$4.76B
LMT:
$8.09B
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Return for Risk
BSX vs. LMT — Risk / Return Rank
BSX
LMT
BSX vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Scientific Corporation (BSX) 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.
| BSX | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.67 | 1.14 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.73 | -1.66 |
| Martin ratioReturn relative to average drawdown | -2.00 | 1.69 | -3.69 |
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Drawdowns
BSX vs. LMT - Drawdown Comparison
The maximum BSX drawdown since its inception was -89.15%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for BSX and LMT.
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Drawdown Indicators
| BSX | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.15% | -79.29% | -9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -56.62% | -25.15% | -31.47% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | -31.79% | -24.83% |
Max Drawdown (5Y)Largest decline over 5 years | -56.62% | -31.79% | -24.83% |
Max Drawdown (10Y)Largest decline over 10 years | -56.62% | -36.67% | -19.95% |
Current DrawdownCurrent decline from peak | -56.62% | -19.63% | -36.99% |
Average DrawdownAverage peak-to-trough decline | -38.76% | -26.83% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.23% | 10.81% | +15.42% |
Volatility
BSX vs. LMT - Volatility Comparison
Boston Scientific Corporation (BSX) has a higher volatility of 15.84% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that BSX'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
| BSX | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 7.02% | +8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 32.83% | 20.04% | +12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.77% | 26.71% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 22.99% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 23.76% | +3.53% |
Dividends
BSX vs. LMT - Dividend Comparison
BSX has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSX Boston Scientific Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
BSX vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Boston Scientific Corporation 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
BSX vs. LMT - Profitability Comparison
BSX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported a gross profit of 3.61B and revenue of 5.20B. Therefore, the gross margin over that period was 69.4%.
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%.
BSX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported an operating income of 1.07B and revenue of 5.20B, resulting in an operating margin of 20.6%.
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%.
BSX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boston Scientific Corporation reported a net income of 1.34B and revenue of 5.20B, resulting in a net margin of 25.7%.
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
BSX and LMT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSX has higher volatility (15.84%) compared to LMT (7.02%). In terms of maximum drawdown, BSX dropped -89.15% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs -1.51), 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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