DRS vs. ETN
DRS (Leonardo DRS Inc. Common Stock) and ETN (Eaton Corporation plc) are both stocks. Both are in the Industrials sector — DRS in Aerospace & Defense, ETN in Specialty Industrial Machinery. Over the past 3 years, DRS returned 41.22%/yr vs 29.40%/yr for ETN. At a 0.35 correlation, their price movements are largely independent.
Performance
DRS vs. ETN - Performance Comparison
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Returns By Period
In the year-to-date period, DRS achieves a 34.71% return, which is significantly higher than ETN's 27.99% return.
DRS
- 1D
- 1.67%
- 1M
- 1.83%
- YTD
- 34.71%
- 6M
- 32.65%
- 1Y
- 3.16%
- 3Y*
- 41.22%
- 5Y*
- —
- 10Y*
- —
ETN
- 1D
- -7.00%
- 1M
- 3.56%
- YTD
- 27.99%
- 6M
- 26.29%
- 1Y
- 23.13%
- 3Y*
- 29.40%
- 5Y*
- 24.68%
- 10Y*
- 24.31%
DRS vs. ETN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DRS Leonardo DRS Inc. Common Stock | 34.71% | 6.56% | 61.23% | 56.81% | 10.65% |
ETN Eaton Corporation plc | 27.99% | -2.79% | 39.51% | 56.22% | -3.45% |
Correlation
The correlation between DRS and ETN is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2022 | 0.35 |
The correlation between DRS and ETN shifts across timeframes, from 0.26 (1 year) to 0.37 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
DRS:
$1.44
ETN:
$10.22
DRS:
31.80
ETN:
39.64
DRS:
1.88
ETN:
2.15
DRS:
2.50
ETN:
5.55
DRS:
$3.70B
ETN:
$28.52B
DRS:
$894.00M
ETN:
$7.87B
DRS:
$433.00M
ETN:
$4.75B
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Return for Risk
DRS vs. ETN — Risk / Return Rank
DRS
ETN
DRS vs. ETN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leonardo DRS Inc. Common Stock (DRS) and Eaton Corporation plc (ETN). 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.
| DRS | ETN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.21 | -1.12 |
| Martin ratioReturn relative to average drawdown | 0.20 | 2.61 | -2.41 |
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Drawdowns
DRS vs. ETN - Drawdown Comparison
The maximum DRS drawdown since its inception was -32.48%, smaller than the maximum ETN drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for DRS and ETN.
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Drawdown Indicators
| DRS | ETN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -68.95% | +36.47% |
Max Drawdown (1Y)Largest decline over 1 year | -32.48% | -19.14% | -13.34% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -34.46% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.55% | — |
Current DrawdownCurrent decline from peak | -7.95% | -7.00% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -14.89% | +7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 8.89% | +7.19% |
Volatility
DRS vs. ETN - Volatility Comparison
The current volatility for Leonardo DRS Inc. Common Stock (DRS) is 13.80%, while Eaton Corporation plc (ETN) has a volatility of 15.38%. This indicates that DRS experiences smaller price fluctuations and is considered to be less risky than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRS | ETN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.80% | 15.38% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 32.10% | 27.40% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.38% | 34.23% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.73% | 30.47% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 30.15% | +8.58% |
Dividends
DRS vs. ETN - Dividend Comparison
DRS's dividend yield for the trailing twelve months is around 0.79%, less than ETN's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRS Leonardo DRS Inc. Common Stock | 0.79% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETN Eaton Corporation plc | 1.06% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
Financials
DRS vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Leonardo DRS Inc. Common Stock and Eaton Corporation plc. 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
DRS vs. ETN - Profitability Comparison
DRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported a gross profit of 212.00M and revenue of 846.00M. Therefore, the gross margin over that period was 25.1%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.
DRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported an operating income of 77.00M and revenue of 846.00M, resulting in an operating margin of 9.1%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 0.0%.
DRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported a net income of 62.00M and revenue of 846.00M, resulting in a net margin of 7.3%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.
Frequently Asked Questions
DRS and ETN have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (15.38%) compared to DRS (13.80%). In terms of maximum drawdown, DRS dropped -32.48% vs ETN's -68.95%.
ETN currently has the higher Sharpe Ratio (0.68 vs 0.08), 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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