LECO vs. ABBV
LECO (Lincoln Electric Holdings, Inc.) and ABBV (AbbVie Inc.) are both stocks. LECO operates in Tools & Accessories (Industrials), while ABBV operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, LECO returned 17.53%/yr vs 17.47%/yr for ABBV. At a 0.26 correlation, their price movements are largely independent.
Performance
LECO vs. ABBV - Performance Comparison
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Returns By Period
In the year-to-date period, LECO achieves a 6.45% return, which is significantly higher than ABBV's -4.18% return. Both investments have delivered pretty close results over the past 10 years, with LECO having a 17.53% annualized return and ABBV not far behind at 17.47%.
LECO
- 1D
- 0.84%
- 1M
- -4.50%
- YTD
- 6.45%
- 6M
- 7.79%
- 1Y
- 35.08%
- 3Y*
- 13.40%
- 5Y*
- 16.09%
- 10Y*
- 17.53%
ABBV
- 1D
- 1.16%
- 1M
- 4.26%
- YTD
- -4.18%
- 6M
- -2.42%
- 1Y
- 18.95%
- 3Y*
- 20.56%
- 5Y*
- 18.28%
- 10Y*
- 17.47%
LECO vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 6.45% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
ABBV AbbVie Inc. | -4.18% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between LECO and ABBV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 0.26 |
The correlation between LECO and ABBV shifts across timeframes, from 0.13 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LECO:
$14.07B
ABBV:
$382.12B
LECO:
$9.68
ABBV:
$2.05
LECO:
26.26
ABBV:
104.95
LECO:
3.25
ABBV:
6.08
LECO:
9.31
ABBV:
13.90
LECO:
$4.35B
ABBV:
$62.82B
LECO:
$1.57B
ABBV:
$46.15B
LECO:
$807.88M
ABBV:
$17.96B
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Return for Risk
LECO vs. ABBV — Risk / Return Rank
LECO
ABBV
LECO vs. ABBV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) and AbbVie Inc. (ABBV). 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.
| LECO | ABBV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.79 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.25 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.13 | +0.52 |
Martin ratioReturn relative to average drawdown | 4.53 | 2.54 | +1.99 |
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
| LECO | ABBV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.79 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.80 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.73 | -0.31 |
Drawdowns
LECO vs. ABBV - Drawdown Comparison
The maximum LECO drawdown since its inception was -68.89%, which is greater than ABBV's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for LECO and ABBV.
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Drawdown Indicators
| LECO | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.89% | -45.09% | -23.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -17.32% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.29% | -20.74% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.29% | -21.92% | -12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.89% | -45.09% | +6.20% |
Current DrawdownCurrent decline from peak | -14.65% | -9.77% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -10.73% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.31% | 7.67% | -0.36% |
Volatility
LECO vs. ABBV - Volatility Comparison
Lincoln Electric Holdings, Inc. (LECO) has a higher volatility of 7.27% compared to AbbVie Inc. (ABBV) at 5.42%. This indicates that LECO's price experiences larger fluctuations and is considered to be riskier than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LECO | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 5.42% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 17.63% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.52% | 23.95% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 22.84% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 25.74% | +1.65% |
Dividends
LECO vs. ABBV - Dividend Comparison
LECO's dividend yield for the trailing twelve months is around 1.21%, less than ABBV's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 3.13% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
LECO Lincoln Electric Holdings, Inc. | 1.21% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
Financials
LECO vs. ABBV - Financials Comparison
This section allows you to compare key financial metrics between Lincoln Electric Holdings, Inc. and AbbVie 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
LECO vs. ABBV - Profitability Comparison
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.
ABBV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported a gross profit of 12.53B and revenue of 15.00B. Therefore, the gross margin over that period was 83.5%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.
ABBV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported an operating income of 4.73B and revenue of 15.00B, resulting in an operating margin of 31.6%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.
ABBV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported a net income of 699.00M and revenue of 15.00B, resulting in a net margin of 4.7%.
Frequently Asked Questions
LECO and ABBV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LECO has higher volatility (7.27%) compared to ABBV (5.42%). In terms of maximum drawdown, LECO dropped -68.89% vs ABBV's -45.09%.
LECO currently has the higher Sharpe Ratio (1.33 vs 0.79), 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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