FANG vs. LMT
FANG (Diamondback Energy, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. FANG operates in Oil & Gas E&P (Energy), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, FANG returned 11.24%/yr vs 10.91%/yr for LMT. At a 0.21 correlation, their price movements are largely independent.
Performance
FANG vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, FANG achieves a 33.36% return, which is significantly higher than LMT's 8.80% return. Both investments have delivered pretty close results over the past 10 years, with FANG having a 11.24% annualized return and LMT not far behind at 10.91%.
FANG
- 1D
- 2.89%
- 1M
- 5.61%
- YTD
- 33.36%
- 6M
- 27.27%
- 1Y
- 44.64%
- 3Y*
- 18.70%
- 5Y*
- 22.65%
- 10Y*
- 11.24%
LMT
- 1D
- -0.70%
- 1M
- 3.35%
- YTD
- 8.80%
- 6M
- 13.08%
- 1Y
- 10.88%
- 3Y*
- 6.80%
- 5Y*
- 9.00%
- 10Y*
- 10.91%
FANG vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 33.36% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
LMT Lockheed Martin Corporation | 8.80% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between FANG and LMT is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2012 | 0.21 |
The correlation between FANG and LMT shifts across timeframes, from 0.06 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FANG:
$56.05B
LMT:
$120.19B
FANG:
$1.40
LMT:
$20.61
FANG:
141.45
LMT:
25.23
FANG:
3.75
LMT:
1.61
FANG:
1.54
LMT:
16.05
FANG:
$15.19B
LMT:
$75.12B
FANG:
$7.30B
LMT:
$7.37B
FANG:
$5.54B
LMT:
$8.09B
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Return for Risk
FANG vs. LMT — Risk / Return Rank
FANG
LMT
FANG vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) 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.
| FANG | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 0.43 | +3.15 |
| Martin ratioReturn relative to average drawdown | 7.07 | 1.04 | +6.04 |
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
| FANG | LMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.41 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.40 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.46 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.38 | +0.09 |
Drawdowns
FANG vs. LMT - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for FANG and LMT.
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Drawdown Indicators
| FANG | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.72% | -79.29% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -25.15% | +12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -42.10% | -31.79% | -10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -31.79% | -10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -88.72% | -36.67% | -52.05% |
Current DrawdownCurrent decline from peak | -6.74% | -22.64% | +15.90% |
Average DrawdownAverage peak-to-trough decline | -19.39% | -26.84% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 10.51% | -4.18% |
Volatility
FANG vs. LMT - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 11.35% compared to Lockheed Martin Corporation (LMT) at 5.31%. This indicates that FANG'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
| FANG | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 5.31% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 23.88% | 19.60% | +4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.51% | 26.62% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 22.88% | +15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.06% | 23.72% | +25.34% |
Dividends
FANG vs. LMT - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 2.09%, less than LMT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 2.09% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
LMT Lockheed Martin Corporation | 2.62% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
FANG vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Diamondback Energy, Inc. 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
FANG vs. LMT - Profitability Comparison
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
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%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
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%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
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
FANG and LMT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (11.35%) compared to LMT (5.31%). In terms of maximum drawdown, FANG dropped -88.72% vs LMT's -79.29%.
FANG currently has the higher Sharpe Ratio (1.43 vs 0.41), 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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