DGX vs. LMT
DGX (Quest Diagnostics Incorporated) and LMT (Lockheed Martin Corporation) are both stocks. DGX operates in Diagnostics & Research (Healthcare), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, DGX returned 12.33%/yr vs 11.37%/yr for LMT. At a 0.22 correlation, their price movements are largely independent.
Performance
DGX vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, DGX achieves a 18.06% return, which is significantly higher than LMT's 13.04% return. Over the past 10 years, DGX has outperformed LMT with an annualized return of 12.33%, while LMT has yielded a comparatively lower 11.37% annualized return.
DGX
- 1D
- -0.38%
- 1M
- 8.82%
- YTD
- 18.06%
- 6M
- 12.22%
- 1Y
- 14.71%
- 3Y*
- 16.40%
- 5Y*
- 11.96%
- 10Y*
- 12.33%
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%
DGX vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGX Quest Diagnostics Incorporated | 18.06% | 17.20% | 11.77% | -10.05% | -7.80% | 47.86% | 14.11% | 31.13% | -13.84% | 9.16% |
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 DGX and LMT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 1996 | 0.22 |
The correlation between DGX and LMT shifts across timeframes, from 0.12 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DGX:
$22.74B
LMT:
$124.87B
DGX:
$9.10
LMT:
$20.61
DGX:
22.31
LMT:
26.21
DGX:
2.03
LMT:
1.67
DGX:
3.09
LMT:
16.67
DGX:
$11.28B
LMT:
$75.12B
DGX:
$3.75B
LMT:
$7.37B
DGX:
$1.98B
LMT:
$8.09B
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Return for Risk
DGX vs. LMT — Risk / Return Rank
DGX
LMT
DGX vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quest Diagnostics Incorporated (DGX) 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.
| DGX | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.73 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.79 | 1.69 | +1.10 |
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Drawdowns
DGX vs. LMT - Drawdown Comparison
The maximum DGX drawdown since its inception was -49.46%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for DGX and LMT.
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Drawdown Indicators
| DGX | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.46% | -79.29% | +29.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -25.15% | +13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -31.79% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -31.79% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -36.67% | +0.07% |
Current DrawdownCurrent decline from peak | -3.76% | -19.63% | +15.87% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -26.83% | +14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 10.81% | -5.25% |
Volatility
DGX vs. LMT - Volatility Comparison
The current volatility for Quest Diagnostics Incorporated (DGX) is 6.09%, while Lockheed Martin Corporation (LMT) has a volatility of 7.02%. This indicates that DGX experiences smaller price fluctuations and is considered to be less risky 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
| DGX | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 7.02% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 20.04% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.01% | 26.71% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 22.99% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 23.76% | +0.03% |
Dividends
DGX vs. LMT - Dividend Comparison
DGX's dividend yield for the trailing twelve months is around 1.61%, less than LMT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGX Quest Diagnostics Incorporated | 1.61% | 1.82% | 1.96% | 2.02% | 1.66% | 1.40% | 1.85% | 1.99% | 2.34% | 1.83% | 1.72% | 2.07% |
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
DGX vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Quest Diagnostics Incorporated 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
DGX vs. LMT - Profitability Comparison
DGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported a gross profit of 942.00M and revenue of 2.90B. Therefore, the gross margin over that period was 32.5%.
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%.
DGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported an operating income of 399.00M and revenue of 2.90B, resulting in an operating margin of 13.8%.
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%.
DGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported a net income of 252.00M and revenue of 2.90B, resulting in a net margin of 8.7%.
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
DGX and LMT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (7.02%) compared to DGX (6.09%). In terms of maximum drawdown, DGX dropped -49.46% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs 0.68), 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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