CSCO vs. LECO
CSCO (Cisco Systems, Inc.) and LECO (Lincoln Electric Holdings, Inc.) are both stocks. CSCO operates in Communication Equipment (Technology), while LECO operates in Tools & Accessories (Industrials). Over the past 10 years, CSCO returned 18.92%/yr vs 17.79%/yr for LECO. At a 0.37 correlation, their price movements are largely independent.
Performance
CSCO vs. LECO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CSCO achieves a 58.91% return, which is significantly higher than LECO's 8.12% return. Over the past 10 years, CSCO has outperformed LECO with an annualized return of 18.92%, while LECO has yielded a comparatively lower 17.79% annualized return.
CSCO
- 1D
- -0.60%
- 1M
- 18.88%
- YTD
- 58.91%
- 6M
- 57.34%
- 1Y
- 90.30%
- 3Y*
- 37.33%
- 5Y*
- 20.60%
- 10Y*
- 18.92%
LECO
- 1D
- 0.19%
- 1M
- -2.64%
- YTD
- 8.12%
- 6M
- 6.64%
- 1Y
- 28.05%
- 3Y*
- 11.30%
- 5Y*
- 16.64%
- 10Y*
- 17.79%
CSCO vs. LECO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSCO Cisco Systems, Inc. | 58.91% | 33.47% | 21.00% | 9.30% | -22.46% | 45.76% | -3.49% | 13.81% | 16.57% | 31.27% |
LECO Lincoln Electric Holdings, Inc. | 8.12% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
Correlation
The correlation between CSCO and LECO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 1995 | 0.37 |
Over the past year, the correlation between CSCO and LECO has dropped to 0.17 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Fundamentals
CSCO:
$482.83B
LECO:
$14.29B
CSCO:
$3.00
LECO:
$9.68
CSCO:
40.40
LECO:
26.67
CSCO:
33.90
LECO:
1.16
CSCO:
7.95
LECO:
3.30
CSCO:
9.88
LECO:
9.45
CSCO:
$60.75B
LECO:
$4.35B
CSCO:
$39.08B
LECO:
$1.57B
CSCO:
$13.98B
LECO:
$807.88M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSCO vs. LECO — Risk / Return Rank
CSCO
LECO
CSCO vs. LECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cisco Systems, Inc. (CSCO) and Lincoln Electric Holdings, Inc. (LECO). 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.
| CSCO | LECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.20 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 1.40 | +5.29 |
| Martin ratioReturn relative to average drawdown | 18.37 | 3.68 | +14.69 |
Loading charts...
Drawdowns
CSCO vs. LECO - Drawdown Comparison
The maximum CSCO drawdown since its inception was -89.26%, which is greater than LECO's maximum drawdown of -68.89%. Use the drawdown chart below to compare losses from any high point for CSCO and LECO.
Loading charts...
Drawdown Indicators
| CSCO | LECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.26% | -68.89% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -20.09% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -34.29% | +14.13% |
Max Drawdown (5Y)Largest decline over 5 years | -36.68% | -34.29% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -41.95% | -38.89% | -3.06% |
Current DrawdownCurrent decline from peak | -6.85% | -13.31% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -40.11% | -13.51% | -26.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 7.64% | -2.71% |
Volatility
CSCO vs. LECO - Volatility Comparison
Cisco Systems, Inc. (CSCO) has a higher volatility of 17.31% compared to Lincoln Electric Holdings, Inc. (LECO) at 8.61%. This indicates that CSCO's price experiences larger fluctuations and is considered to be riskier than LECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSCO | LECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.31% | 8.61% | +8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.29% | 20.20% | +7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.93% | 27.05% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.88% | 26.66% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 27.43% | -1.54% |
Dividends
CSCO vs. LECO - Dividend Comparison
CSCO's dividend yield for the trailing twelve months is around 1.36%, more than LECO's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSCO Cisco Systems, Inc. | 1.36% | 2.12% | 2.69% | 3.07% | 3.17% | 2.32% | 3.20% | 2.88% | 2.95% | 2.95% | 3.28% | 3.02% |
LECO Lincoln Electric Holdings, Inc. | 1.19% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
Financials
CSCO vs. LECO - Financials Comparison
This section allows you to compare key financial metrics between Cisco Systems, Inc. and Lincoln Electric Holdings, 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
CSCO vs. LECO - Profitability Comparison
CSCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported a gross profit of 10.08B and revenue of 15.84B. Therefore, the gross margin over that period was 63.6%.
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.
CSCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported an operating income of 3.96B and revenue of 15.84B, resulting in an operating margin of 25.0%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.
CSCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cisco Systems, Inc. reported a net income of 3.37B and revenue of 15.84B, resulting in a net margin of 21.3%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.
Frequently Asked Questions
CSCO and LECO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSCO has higher volatility (17.31%) compared to LECO (8.61%). In terms of maximum drawdown, CSCO dropped -89.26% vs LECO's -68.89%.
CSCO currently has the higher Sharpe Ratio (2.94 vs 1.04), 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.
Find the right allocation for CSCO and LECO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer