LMT vs. HO.PA
LMT (Lockheed Martin Corporation) and HO.PA (Thales S.A.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, LMT returned 11.37%/yr vs 15.10%/yr for HO.PA. At a 0.24 correlation, their price movements are largely independent.
Performance
LMT vs. HO.PA - Performance Comparison
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Different Trading Currencies
LMT is traded in USD, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LMT achieves a 13.04% return, which is significantly higher than HO.PA's 1.95% return. Over the past 10 years, LMT has underperformed HO.PA with an annualized return of 11.37%, while HO.PA has yielded a comparatively higher 15.10% annualized return.
LMT
- 1D
- -1.52%
- 1M
- 5.40%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 14.07%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
HO.PA
- 1D
- -1.41%
- 1M
- 5.74%
- YTD
- 1.95%
- 6M
- 1.42%
- 1Y
- -4.52%
- 3Y*
- 25.91%
- 5Y*
- 23.65%
- 10Y*
- 15.10%
LMT vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
HO.PA Thales S.A. | 1.95% | 90.97% | -0.78% | 18.41% | 53.36% | -4.66% | -11.42% | -9.02% | 10.01% | 13.33% |
Correlation
The correlation between LMT and HO.PA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2007 | 0.24 |
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Return for Risk
LMT vs. HO.PA — Risk / Return Rank
LMT
HO.PA
LMT vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and Thales S.A. (HO.PA). 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.
| LMT | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.00 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.21 | +0.94 |
| Martin ratioReturn relative to average drawdown | 1.69 | -0.42 | +2.11 |
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Drawdowns
LMT vs. HO.PA - Drawdown Comparison
The maximum LMT drawdown since its inception was -79.29%, which is greater than HO.PA's maximum drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for LMT and HO.PA.
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Drawdown Indicators
| LMT | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.29% | -56.96% | -22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -20.33% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -31.79% | -24.08% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | -25.64% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.67% | -56.96% | +20.29% |
Current DrawdownCurrent decline from peak | -19.63% | -13.60% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -18.37% | -8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 10.35% | +0.46% |
Volatility
LMT vs. HO.PA - Volatility Comparison
The current volatility for Lockheed Martin Corporation (LMT) is 7.02%, while Thales S.A. (HO.PA) has a volatility of 8.22%. This indicates that LMT experiences smaller price fluctuations and is considered to be less risky than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMT | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 8.22% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 24.43% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.71% | 32.18% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.99% | 29.52% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.76% | 28.73% | -4.97% |
Dividends
LMT vs. HO.PA - Dividend Comparison
LMT's dividend yield for the trailing twelve months is around 2.53%, more than HO.PA's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.66% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
LMT vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Lockheed Martin Corporation and Thales S.A.. 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
LMT and HO.PA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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