GAP vs. MCK

Last updated Jun 9, 2026

GAP (The Gap, Inc.) and MCK (McKesson Corporation) are both stocks. GAP operates in Apparel Retail (Consumer Cyclical), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, GAP returned 4.79%/yr vs 16.13%/yr for MCK. At a 0.20 correlation, their price movements are largely independent.

Performance

GAP vs. MCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gap, Inc. (GAP) and McKesson Corporation (MCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAP achieves a -15.73% return, which is significantly lower than MCK's -6.36% return. Over the past 10 years, GAP has underperformed MCK with an annualized return of 4.79%, while MCK has yielded a comparatively higher 16.13% annualized return.

GAP

• 1D: -1.25%
• 1M: -8.90%
• YTD: -15.73%
• 6M: -15.47%
• 1Y: -0.21%
• 3Y*: 34.89%
• 5Y*: -3.98%
• 10Y*: 4.79%

MCK

• 1D: -1.16%
• 1M: 4.27%
• YTD: -6.36%
• 6M: -3.74%
• 1Y: 7.98%
• 3Y*: 25.42%
• 5Y*: 32.82%
• 10Y*: 16.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GAP vs. MCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAP The Gap, Inc.	-15.73%	11.74%	16.14%	96.66%	-32.64%	-11.11%	15.73%	-28.11%	-21.95%	56.05%
MCK McKesson Corporation	-6.36%	44.54%	23.67%	24.13%	51.82%	44.23%	27.06%	26.72%	-28.40%	11.95%

Correlation

The correlation between GAP and MCK is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 16, 1994	0.20

The correlation between GAP and MCK shifts across timeframes, from -0.00 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GAP : $8.05B MCK : $94.07B
EPS GAP : $2.53 MCK : $38.38
PE Ratio GAP : 8.42 MCK : 19.97
PEG Ratio GAP : 0.25 MCK : 0.27
PS Ratio GAP : 0.53 MCK : 0.24
PB Ratio GAP : 2.20 MCK : 13.60
Total Revenue (TTM) GAP : $15.40B MCK : $403.43B
Gross Profit (TTM) GAP : $6.24B MCK : $14.55B
EBITDA (TTM) GAP : $1.71B MCK : $6.91B

Return for Risk

GAP vs. MCK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GAP

GAP Risk / Return Rank: 40
GAP Sharpe Ratio Rank: 42
GAP Sortino Ratio Rank: 38
GAP Omega Ratio Rank: 38
GAP Calmar Ratio Rank: 42
GAP Martin Ratio Rank: 42

MCK

MCK Risk / Return Rank: 49
MCK Sharpe Ratio Rank: 52
MCK Sortino Ratio Rank: 47
MCK Omega Ratio Rank: 47
MCK Calmar Ratio Rank: 49
MCK Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAP vs. MCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gap, Inc. (GAP) and McKesson Corporation (MCK). 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.

	GAP	MCK	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	0.28	-0.28
Sortino ratio: Return per unit of downside risk	0.30	0.65	-0.35
Omega ratio: Gain probability vs. loss probability	1.04	1.08	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.01	0.29	-0.30
Martin ratio: Return relative to average drawdown	-0.02	0.79	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAP vs. MCK - Sharpe Ratio Comparison

The current GAP Sharpe Ratio is -0.00, which is lower than the MCK Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of GAP and MCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GAP	MCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	0.28	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	1.36	-1.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.56	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.44	-0.28

Drawdowns

GAP vs. MCK - Drawdown Comparison

The maximum GAP drawdown since its inception was -85.61%, roughly equal to the maximum MCK drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for GAP and MCK.

Drawdown Indicators

	GAP	MCK	Difference
Max Drawdown Largest peak-to-trough decline	-85.61%	-82.84%	-2.77%
Max Drawdown (1Y) Largest decline over 1 year	-28.33%	-27.17%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-38.00%	-27.17%	-10.83%
Max Drawdown (5Y) Largest decline over 5 years	-76.13%	-27.17%	-48.96%
Max Drawdown (10Y) Largest decline over 10 years	-83.13%	-44.23%	-38.90%
Current Drawdown Current decline from peak	-31.99%	-22.92%	-9.07%
Average Drawdown Average peak-to-trough decline	-40.92%	-28.65%	-12.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	10.06%	+1.35%

Volatility

GAP vs. MCK - Volatility Comparison

The Gap, Inc. (GAP) has a higher volatility of 21.37% compared to McKesson Corporation (MCK) at 6.94%. This indicates that GAP's price experiences larger fluctuations and is considered to be riskier than MCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAP	MCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.37%	6.94%	+14.43%
Volatility (6M) Calculated over the trailing 6-month period	35.43%	22.76%	+12.67%
Volatility (1Y) Calculated over the trailing 1-year period	44.14%	29.16%	+14.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.66%	24.20%	+31.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.31%	28.82%	+26.49%

Dividends

GAP vs. MCK - Dividend Comparison

GAP's dividend yield for the trailing twelve months is around 3.15%, more than MCK's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAP The Gap, Inc.	3.15%	2.52%	2.54%	2.87%	5.05%	2.73%	1.20%	5.49%	3.72%	2.03%	5.12%	3.68%
MCK McKesson Corporation	0.43%	0.37%	0.47%	0.50%	0.54%	0.72%	0.95%	1.16%	1.32%	0.80%	0.80%	0.53%

Financials

GAP vs. MCK - Profitability Comparison

The chart below illustrates the profitability comparison between The Gap, Inc. and McKesson Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GAP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Gap, Inc. reported a gross profit of 1.42B and revenue of 3.50B. Therefore, the gross margin over that period was 40.5%.

MCK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.

GAP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Gap, Inc. reported an operating income of 445.00M and revenue of 3.50B, resulting in an operating margin of 12.7%.

MCK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.

GAP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Gap, Inc. reported a net income of 339.00M and revenue of 3.50B, resulting in a net margin of 9.7%.

MCK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.

Frequently Asked Questions

Can I hold both GAP and MCK in my portfolio?

GAP and MCK have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAP or MCK?

GAP has higher volatility (21.37%) compared to MCK (6.94%). In terms of maximum drawdown, GAP dropped -85.61% vs MCK's -82.84%.

Which has better risk-adjusted returns?

MCK currently has the higher Sharpe Ratio (0.28 vs -0.00), 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.