CAH vs. LHX
CAH (Cardinal Health, Inc.) and LHX (L3Harris Technologies, Inc.) are both stocks. CAH operates in Medical Distribution (Healthcare), while LHX operates in Aerospace & Defense (Industrials). Over the past 10 years, CAH returned 13.19%/yr vs 16.23%/yr for LHX. At a 0.23 correlation, their price movements are largely independent.
Performance
CAH vs. LHX - Performance Comparison
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Returns By Period
In the year-to-date period, CAH achieves a -0.01% return, which is significantly lower than LHX's 3.68% return. Over the past 10 years, CAH has underperformed LHX with an annualized return of 13.19%, while LHX has yielded a comparatively higher 16.23% annualized return.
CAH
- 1D
- -0.60%
- 1M
- 11.34%
- YTD
- -0.01%
- 6M
- 3.32%
- 1Y
- 33.66%
- 3Y*
- 35.29%
- 5Y*
- 31.41%
- 10Y*
- 13.19%
LHX
- 1D
- -1.86%
- 1M
- 1.23%
- YTD
- 3.68%
- 6M
- 8.07%
- 1Y
- 25.68%
- 3Y*
- 19.34%
- 5Y*
- 8.93%
- 10Y*
- 16.23%
CAH vs. LHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | -0.01% | 76.25% | 19.01% | 34.15% | 54.08% | -0.40% | 10.09% | 18.04% | -24.50% | -12.65% |
LHX L3Harris Technologies, Inc. | 3.68% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
Correlation
The correlation between CAH and LHX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987 | 0.23 |
Fundamentals
CAH:
$6.55
LHX:
$12.29
CAH:
31.22
LHX:
24.58
CAH:
0.74
LHX:
12.60
CAH:
0.19
LHX:
1.89
CAH:
$250.55B
LHX:
$22.48B
CAH:
$9.23B
LHX:
$5.50B
CAH:
$2.79B
LHX:
$3.32B
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Return for Risk
CAH vs. LHX — Risk / Return Rank
CAH
LHX
CAH vs. LHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and L3Harris Technologies, Inc. (LHX). 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.
| CAH | LHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.25 | +0.40 |
| Martin ratioReturn relative to average drawdown | 4.37 | 3.41 | +0.96 |
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
| CAH | LHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.06 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.38 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.64 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.32 | +0.24 |
Drawdowns
CAH vs. LHX - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, smaller than the maximum LHX drawdown of -69.82%. Use the drawdown chart below to compare losses from any high point for CAH and LHX.
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Drawdown Indicators
| CAH | LHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -69.82% | +7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -20.55% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -25.98% | +5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -38.16% | +15.36% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | -38.16% | -7.97% |
Current DrawdownCurrent decline from peak | -10.83% | -19.58% | +8.75% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -21.33% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 7.56% | +0.16% |
Volatility
CAH vs. LHX - Volatility Comparison
Cardinal Health, Inc. (CAH) and L3Harris Technologies, Inc. (LHX) have volatilities of 6.59% and 6.66%, 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
| CAH | LHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 6.66% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 19.74% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.99% | 24.33% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 23.91% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.23% | 25.42% | +3.81% |
Dividends
CAH vs. LHX - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 1.00%, less than LHX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 1.00% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
LHX L3Harris Technologies, Inc. | 1.62% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
Financials
CAH vs. LHX - Financials Comparison
This section allows you to compare key financial metrics between Cardinal Health, Inc. and L3Harris Technologies, 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
CAH vs. LHX - Profitability Comparison
CAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a gross profit of 2.50B and revenue of 60.94B. Therefore, the gross margin over that period was 4.1%.
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a gross profit of 1.40B and revenue of 5.74B. Therefore, the gross margin over that period was 24.4%.
CAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported an operating income of 509.00M and revenue of 60.94B, resulting in an operating margin of 0.8%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported an operating income of 652.00M and revenue of 5.74B, resulting in an operating margin of 11.4%.
CAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a net income of 399.00M and revenue of 60.94B, resulting in a net margin of 0.7%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
Frequently Asked Questions
CAH and LHX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LHX has higher volatility (6.66%) compared to CAH (6.59%). In terms of maximum drawdown, CAH dropped -61.93% vs LHX's -69.82%.
CAH currently has the higher Sharpe Ratio (1.13 vs 1.06), 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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