LHX vs. LH
Compare and contrast key facts about L3Harris Technologies, Inc. (LHX) and Laboratory Corporation of America Holdings (LH).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LHX or LH.
Correlation
The correlation between LHX and LH is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LHX vs. LH - Performance Comparison
Key characteristics
LHX:
0.28
LH:
0.46
LHX:
0.55
LH:
0.85
LHX:
1.07
LH:
1.10
LHX:
0.24
LH:
0.42
LHX:
0.50
LH:
1.91
LHX:
12.32%
LH:
5.84%
LHX:
21.94%
LH:
24.09%
LHX:
-65.58%
LH:
-96.05%
LHX:
-17.38%
LH:
-12.18%
Fundamentals
LHX:
$40.60B
LH:
$19.12B
LHX:
$7.87
LH:
$8.85
LHX:
27.48
LH:
25.83
LHX:
0.32
LH:
0.84
LHX:
1.90
LH:
1.47
LHX:
2.11
LH:
2.38
LHX:
$16.11B
LH:
$9.83B
LHX:
$3.98B
LH:
$2.66B
LHX:
$2.83B
LH:
$1.30B
Returns By Period
In the year-to-date period, LHX achieves a 3.32% return, which is significantly higher than LH's -0.16% return. Over the past 10 years, LHX has outperformed LH with an annualized return of 12.54%, while LH has yielded a comparatively lower 8.40% annualized return.
LHX
3.32%
1.96%
-13.65%
6.34%
4.74%
12.54%
LH
-0.16%
-2.16%
0.45%
16.57%
11.03%
8.40%
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Risk-Adjusted Performance
LHX vs. LH — Risk-Adjusted Performance Rank
LHX
LH
LHX vs. LH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and Laboratory Corporation of America Holdings (LH). 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.
Dividends
LHX vs. LH - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 2.17%, more than LH's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 2.17% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% | 2.48% |
LH Laboratory Corporation of America Holdings | 1.26% | 1.26% | 1.18% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LHX vs. LH - Drawdown Comparison
The maximum LHX drawdown since its inception was -65.58%, smaller than the maximum LH drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for LHX and LH. For additional features, visit the drawdowns tool.
Volatility
LHX vs. LH - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 9.60%, while Laboratory Corporation of America Holdings (LH) has a volatility of 11.83%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than LH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
LHX vs. LH - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and Laboratory Corporation of America Holdings. 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