GLW vs. TMO
GLW (Corning Incorporated) and TMO (Thermo Fisher Scientific Inc.) are both stocks. GLW operates in Electronic Components (Technology), while TMO operates in Diagnostics & Research (Healthcare). Over the past 10 years, GLW returned 27.57%/yr vs 12.54%/yr for TMO. At a 0.34 correlation, their price movements are largely independent.
Performance
GLW vs. TMO - Performance Comparison
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Returns By Period
In the year-to-date period, GLW achieves a 105.36% return, which is significantly higher than TMO's -18.92% return. Over the past 10 years, GLW has outperformed TMO with an annualized return of 27.57%, while TMO has yielded a comparatively lower 12.54% annualized return.
GLW
- 1D
- 1.50%
- 1M
- -6.43%
- YTD
- 105.36%
- 6M
- 103.59%
- 1Y
- 265.24%
- 3Y*
- 79.90%
- 5Y*
- 36.42%
- 10Y*
- 27.57%
TMO
- 1D
- -1.33%
- 1M
- 7.07%
- YTD
- -18.92%
- 6M
- -17.84%
- 1Y
- 16.84%
- 3Y*
- -3.43%
- 5Y*
- 0.45%
- 10Y*
- 12.54%
GLW vs. TMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 105.36% | 87.76% | 60.64% | -1.23% | -11.56% | 5.92% | 27.57% | -1.02% | -3.28% | 34.63% |
TMO Thermo Fisher Scientific Inc. | -18.92% | 11.78% | -1.72% | -3.36% | -17.29% | 43.54% | 43.72% | 45.55% | 18.21% | 35.03% |
Correlation
The correlation between GLW and TMO 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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 1987 | 0.34 |
Over the past year, the correlation between GLW and TMO has dropped to 0.06 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Fundamentals
GLW:
$154.61B
TMO:
$175.06B
GLW:
$2.10
TMO:
$18.22
GLW:
85.36
TMO:
25.76
GLW:
9.47
TMO:
3.91
GLW:
13.09
TMO:
3.37
GLW:
$16.32B
TMO:
$45.20B
GLW:
$5.93B
TMO:
$17.81B
GLW:
$3.77B
TMO:
$11.16B
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Return for Risk
GLW vs. TMO — Risk / Return Rank
GLW
TMO
GLW vs. TMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corning Incorporated (GLW) and Thermo Fisher Scientific Inc. (TMO). 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.
| GLW | TMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.10 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 11.23 | 0.43 | +10.80 |
| Martin ratioReturn relative to average drawdown | 35.65 | 0.93 | +34.72 |
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Drawdowns
GLW vs. TMO - Drawdown Comparison
The maximum GLW drawdown since its inception was -99.02%, which is greater than TMO's maximum drawdown of -71.16%. Use the drawdown chart below to compare losses from any high point for GLW and TMO.
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Drawdown Indicators
| GLW | TMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -71.16% | -27.86% |
Max Drawdown (1Y)Largest decline over 1 year | -23.01% | -31.38% | +8.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -37.28% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -40.95% | +6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -48.80% | -40.95% | -7.85% |
Current DrawdownCurrent decline from peak | -13.83% | -28.80% | +14.97% |
Average DrawdownAverage peak-to-trough decline | -50.50% | -18.11% | -32.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 14.43% | -7.20% |
Volatility
GLW vs. TMO - Volatility Comparison
Corning Incorporated (GLW) has a higher volatility of 24.91% compared to Thermo Fisher Scientific Inc. (TMO) at 10.57%. This indicates that GLW's price experiences larger fluctuations and is considered to be riskier than TMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLW | TMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.91% | 10.57% | +14.34% |
Volatility (6M)Calculated over the trailing 6-month period | 50.66% | 22.27% | +28.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 31.48% | +24.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 27.20% | +8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.86% | 26.38% | +7.48% |
Dividends
GLW vs. TMO - Dividend Comparison
GLW's dividend yield for the trailing twelve months is around 0.63%, more than TMO's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 0.63% | 1.28% | 2.36% | 3.68% | 3.38% | 2.58% | 2.44% | 2.75% | 2.38% | 1.94% | 2.22% | 2.63% |
TMO Thermo Fisher Scientific Inc. | 0.28% | 0.30% | 0.30% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% |
Financials
GLW vs. TMO - Financials Comparison
This section allows you to compare key financial metrics between Corning Incorporated and Thermo Fisher Scientific 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
GLW vs. TMO - Profitability Comparison
GLW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Corning Incorporated reported a gross profit of 1.53B and revenue of 4.14B. Therefore, the gross margin over that period was 36.9%.
TMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported a gross profit of 4.48B and revenue of 11.01B. Therefore, the gross margin over that period was 40.7%.
GLW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Corning Incorporated reported an operating income of 639.00M and revenue of 4.14B, resulting in an operating margin of 15.4%.
TMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported an operating income of 1.86B and revenue of 11.01B, resulting in an operating margin of 16.9%.
GLW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Corning Incorporated reported a net income of 371.00M and revenue of 4.14B, resulting in a net margin of 9.0%.
TMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Thermo Fisher Scientific Inc. reported a net income of 1.65B and revenue of 11.01B, resulting in a net margin of 15.0%.
Frequently Asked Questions
GLW and TMO 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.
GLW has higher volatility (24.91%) compared to TMO (10.57%). In terms of maximum drawdown, GLW dropped -99.02% vs TMO's -71.16%.
GLW currently has the higher Sharpe Ratio (4.58 vs 0.43), 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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