LECO vs. ITT
LECO (Lincoln Electric Holdings, Inc.) and ITT (ITT Inc.) are both stocks. Both are in the Industrials sector — LECO in Tools & Accessories, ITT in Specialty Industrial Machinery. Over the past 10 years, LECO returned 18.68%/yr vs 20.76%/yr for ITT. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
LECO vs. ITT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LECO having a 12.66% return and ITT slightly lower at 12.56%. Over the past 10 years, LECO has underperformed ITT with an annualized return of 18.68%, while ITT has yielded a comparatively higher 20.76% annualized return.
LECO
- 1D
- -2.05%
- 1M
- 2.16%
- YTD
- 12.66%
- 6M
- 10.38%
- 1Y
- 31.92%
- 3Y*
- 13.95%
- 5Y*
- 17.05%
- 10Y*
- 18.68%
ITT
- 1D
- -2.36%
- 1M
- -0.05%
- YTD
- 12.56%
- 6M
- 10.05%
- 1Y
- 27.87%
- 3Y*
- 31.94%
- 5Y*
- 17.84%
- 10Y*
- 20.76%
LECO vs. ITT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 12.66% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
ITT ITT Inc. | 12.56% | 22.52% | 20.86% | 48.91% | -19.50% | 33.95% | 5.47% | 54.60% | -8.66% | 40.06% |
Correlation
The correlation between LECO and ITT is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 1995 | 0.50 |
The correlation between LECO and ITT shifts across timeframes, from 0.50 (all time) to 0.71 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
LECO:
$14.89B
ITT:
$17.08B
LECO:
$9.68
ITT:
$5.58
LECO:
27.80
ITT:
34.88
LECO:
1.21
ITT:
2.45
LECO:
3.44
ITT:
3.77
LECO:
9.85
ITT:
3.60
LECO:
$4.35B
ITT:
$4.24B
LECO:
$1.57B
ITT:
$1.50B
LECO:
$807.88M
ITT:
$793.20M
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Return for Risk
LECO vs. ITT — Risk / Return Rank
LECO
ITT
LECO vs. ITT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) and ITT Inc. (ITT). 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.
| LECO | ITT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.67 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.12 | 4.12 | 0.00 |
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Drawdowns
LECO vs. ITT - Drawdown Comparison
The maximum LECO drawdown since its inception was -68.89%, smaller than the maximum ITT drawdown of -74.46%. Use the drawdown chart below to compare losses from any high point for LECO and ITT.
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Drawdown Indicators
| LECO | ITT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.89% | -74.46% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -16.73% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -34.29% | -29.09% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -34.29% | -37.97% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.89% | -49.52% | +10.63% |
Current DrawdownCurrent decline from peak | -9.67% | -12.08% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -18.95% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 6.78% | +0.98% |
Volatility
LECO vs. ITT - Volatility Comparison
Lincoln Electric Holdings, Inc. (LECO) and ITT Inc. (ITT) have volatilities of 9.17% and 9.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LECO | ITT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.17% | 9.45% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 22.66% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.39% | 30.42% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.70% | 29.22% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 31.81% | -4.37% |
Dividends
LECO vs. ITT - Dividend Comparison
LECO's dividend yield for the trailing twelve months is around 1.14%, more than ITT's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITT ITT Inc. | 0.76% | 0.81% | 0.89% | 0.97% | 1.30% | 0.86% | 0.88% | 0.80% | 1.11% | 0.96% | 1.29% | 1.30% |
LECO Lincoln Electric Holdings, Inc. | 1.14% | 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. ITT - Financials Comparison
This section allows you to compare key financial metrics between Lincoln Electric Holdings, Inc. and ITT 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. ITT - 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%.
ITT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported a gross profit of 428.80M and revenue of 1.21B. Therefore, the gross margin over that period was 35.4%.
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%.
ITT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported an operating income of 141.20M and revenue of 1.21B, resulting in an operating margin of 11.7%.
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%.
ITT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported a net income of 78.00M and revenue of 1.21B, resulting in a net margin of 6.4%.
Frequently Asked Questions
LECO and ITT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITT has higher volatility (9.45%) compared to LECO (9.17%). In terms of maximum drawdown, LECO dropped -68.89% vs ITT's -74.46%.
LECO currently has the higher Sharpe Ratio (1.18 vs 0.92), 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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