LEG vs. PH
LEG (Leggett & Platt, Incorporated) and PH (Parker-Hannifin Corporation) are both stocks. LEG operates in Furnishings, Fixtures & Appliances (Consumer Cyclical), while PH operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, LEG returned -11.28%/yr vs 25.75%/yr for PH. At a 0.42 correlation, their price movements are largely independent.
Performance
LEG vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, LEG achieves a 0.42% return, which is significantly lower than PH's 9.82% return. Over the past 10 years, LEG has underperformed PH with an annualized return of -11.28%, while PH has yielded a comparatively higher 25.75% annualized return.
LEG
- 1D
- -1.97%
- 1M
- 2.92%
- 6M
- -10.27%
- YTD
- 0.42%
- 1Y
- 10.09%
- 3Y*
- -26.27%
- 5Y*
- -23.47%
- 10Y*
- -11.28%
PH
- 1D
- 1.27%
- 1M
- 6.53%
- 6M
- 4.80%
- YTD
- 9.82%
- 1Y
- 35.63%
- 3Y*
- 35.53%
- 5Y*
- 26.90%
- 10Y*
- 25.75%
LEG vs. PH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEG Leggett & Platt, Incorporated | 0.42% | 17.02% | -61.93% | -13.45% | -17.78% | -3.76% | -9.05% | 47.13% | -22.25% | 0.58% |
PH Parker-Hannifin Corporation | 9.82% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between LEG and PH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.42 |
The correlation between LEG and PH shifts across timeframes, from 0.42 (3 years) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
LEG:
$1.49B
PH:
$121.20B
LEG:
$1.60
PH:
$27.15
LEG:
6.85
PH:
35.40
LEG:
0.51
PH:
5.87
LEG:
1.48
PH:
7.90
LEG:
$3.03B
PH:
$20.99B
LEG:
$717.40M
PH:
$7.81B
LEG:
$433.10M
PH:
$5.31B
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Return for Risk
LEG vs. PH — Risk / Return Rank
LEG
PH
LEG vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leggett & Platt, Incorporated (LEG) and Parker-Hannifin Corporation (PH). 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.
| LEG | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.86 | -1.58 |
| Martin ratioReturn relative to average drawdown | 0.57 | 5.33 | -4.76 |
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Drawdowns
LEG vs. PH - Drawdown Comparison
The maximum LEG drawdown since its inception was -86.41%, which is greater than PH's maximum drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for LEG and PH.
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Drawdown Indicators
| LEG | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.41% | -66.92% | -19.49% |
Max Drawdown (1Y)Largest decline over 1 year | -28.51% | -19.34% | -9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -76.78% | -26.79% | -49.99% |
Max Drawdown (5Y)Largest decline over 5 years | -84.29% | -28.64% | -55.65% |
Max Drawdown (10Y)Largest decline over 10 years | -86.41% | -54.68% | -31.73% |
Current DrawdownCurrent decline from peak | -76.78% | -5.82% | -70.96% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -15.31% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.12% | 6.73% | +7.39% |
Volatility
LEG vs. PH - Volatility Comparison
Leggett & Platt, Incorporated (LEG) has a higher volatility of 10.79% compared to Parker-Hannifin Corporation (PH) at 7.92%. This indicates that LEG's price experiences larger fluctuations and is considered to be riskier than PH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEG | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.79% | 7.92% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.85% | 19.35% | +12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.11% | 25.35% | +23.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.59% | 28.69% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.87% | 31.59% | +8.28% |
Dividends
LEG vs. PH - Dividend Comparison
LEG's dividend yield for the trailing twelve months is around 1.83%, more than PH's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEG Leggett & Platt, Incorporated | 1.83% | 1.82% | 6.35% | 6.95% | 5.40% | 4.03% | 3.61% | 3.11% | 4.19% | 2.98% | 2.74% | 3.00% |
PH Parker-Hannifin Corporation | 0.77% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
LEG vs. PH - Financials Comparison
This section allows you to compare key financial metrics between Leggett & Platt, Incorporated and Parker-Hannifin 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
Frequently Asked Questions
LEG and PH have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEG has higher volatility (10.79%) compared to PH (7.92%). In terms of maximum drawdown, LEG dropped -86.41% vs PH's -66.92%.
PH currently has the higher Sharpe Ratio (1.42 vs 0.16), 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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