LHX vs. IDXX
LHX (L3Harris Technologies, Inc.) and IDXX (IDEXX Laboratories, Inc.) are both stocks. LHX operates in Aerospace & Defense (Industrials), while IDXX operates in Diagnostics & Research (Healthcare). Over the past 10 years, LHX returned 16.23%/yr vs 20.23%/yr for IDXX. At a 0.24 correlation, their price movements are largely independent.
Performance
LHX vs. IDXX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LHX achieves a 3.68% return, which is significantly higher than IDXX's -17.05% return. Over the past 10 years, LHX has underperformed IDXX with an annualized return of 16.23%, while IDXX has yielded a comparatively higher 20.23% annualized return.
LHX
- 1D
- -1.86%
- 1M
- 1.23%
- YTD
- 3.68%
- 6M
- 8.07%
- 1Y
- 25.68%
- 3Y*
- 19.34%
- 5Y*
- 8.93%
- 10Y*
- 16.23%
IDXX
- 1D
- -0.18%
- 1M
- 0.19%
- YTD
- -17.05%
- 6M
- -20.59%
- 1Y
- 6.91%
- 3Y*
- 7.57%
- 5Y*
- -0.19%
- 10Y*
- 20.23%
LHX vs. IDXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 3.68% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
IDXX IDEXX Laboratories, Inc. | -17.05% | 63.63% | -25.51% | 36.06% | -38.04% | 31.73% | 91.43% | 40.38% | 18.95% | 33.35% |
Correlation
The correlation between LHX and IDXX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.24 |
Fundamentals
LHX:
$12.29
IDXX:
$18.08
LHX:
24.58
IDXX:
31.04
LHX:
12.60
IDXX:
2.68
LHX:
1.89
IDXX:
7.65
LHX:
$22.48B
IDXX:
$4.45B
LHX:
$5.50B
IDXX:
$2.76B
LHX:
$3.32B
IDXX:
$1.52B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LHX vs. IDXX — Risk / Return Rank
LHX
IDXX
LHX vs. IDXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and IDEXX Laboratories, Inc. (IDXX). 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.
| LHX | IDXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.09 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.22 | +1.03 |
| Martin ratioReturn relative to average drawdown | 3.41 | 0.46 | +2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LHX | IDXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.17 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.01 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.62 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.51 | -0.19 |
Drawdowns
LHX vs. IDXX - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum IDXX drawdown of -81.42%. Use the drawdown chart below to compare losses from any high point for LHX and IDXX.
Loading charts...
Drawdown Indicators
| LHX | IDXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -81.42% | +11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -31.04% | +10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -37.41% | +11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -54.00% | +15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -54.00% | +15.84% |
Current DrawdownCurrent decline from peak | -19.58% | -26.81% | +7.23% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -21.00% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 15.03% | -7.47% |
Volatility
LHX vs. IDXX - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 6.66%, while IDEXX Laboratories, Inc. (IDXX) has a volatility of 8.57%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than IDXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LHX | IDXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 8.57% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 19.89% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.33% | 41.46% | -17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 35.28% | -11.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 33.01% | -7.59% |
Dividends
LHX vs. IDXX - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.62%, while IDXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LHX L3Harris Technologies, Inc. | 1.62% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
Financials
LHX vs. IDXX - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and IDEXX Laboratories, 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
LHX vs. IDXX - Profitability Comparison
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a gross profit of 1.40B and revenue of 5.74B. Therefore, the gross margin over that period was 24.4%.
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported an operating income of 652.00M and revenue of 5.74B, resulting in an operating margin of 11.4%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
Frequently Asked Questions
LHX and IDXX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDXX has higher volatility (8.57%) compared to LHX (6.66%). In terms of maximum drawdown, LHX dropped -69.82% vs IDXX's -81.42%.
LHX currently has the higher Sharpe Ratio (1.06 vs 0.17), 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.
Find the right allocation for LHX and IDXX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer