LMT vs. NBIS

Last updated Jun 13, 2026

LMT (Lockheed Martin Corporation) and NBIS (Nebius Group N.V.) are both stocks. LMT operates in Aerospace & Defense (Industrials), while NBIS operates in Internet Content & Information (Communication Services). Over the past year, LMT returned 18.25% vs 362.13% for NBIS. At a 0.01 correlation, their price movements are largely independent.

Performance

LMT vs. NBIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lockheed Martin Corporation (LMT) and Nebius Group N.V. (NBIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMT achieves a 13.04% return, which is significantly lower than NBIS's 177.59% return.

LMT

• 1D: -1.52%
• 1M: 4.60%
• YTD: 13.04%
• 6M: 13.84%
• 1Y: 18.25%
• 3Y*: 8.98%
• 5Y*: 9.78%
• 10Y*: 11.37%

NBIS

• 1D: 4.55%
• 1M: 12.10%
• YTD: 177.59%
• 6M: 164.98%
• 1Y: 362.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMT vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LMT Lockheed Martin Corporation	13.04%	2.47%	-19.79%
NBIS Nebius Group N.V.	177.59%	202.18%	46.25%

Correlation

The correlation between LMT and NBIS is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024	0.01

Fundamentals

Market Cap LMT : $124.87B NBIS : $71.79B
EPS LMT : $20.61 NBIS : $3.17
PE Ratio LMT : 26.21 NBIS : 73.19
PS Ratio LMT : 1.67 NBIS : 69.73
PB Ratio LMT : 16.67 NBIS : 9.91
Total Revenue (TTM) LMT : $75.12B NBIS : $877.90M
Gross Profit (TTM) LMT : $7.37B NBIS : $420.60M
EBITDA (TTM) LMT : $8.09B NBIS : -$52.78M

Return for Risk

LMT vs. NBIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LMT

LMT Risk / Return Rank: 60
LMT Sharpe Ratio Rank: 66
LMT Sortino Ratio Rank: 58
LMT Omega Ratio Rank: 59
LMT Calmar Ratio Rank: 59
LMT Martin Ratio Rank: 60

NBIS

NBIS Risk / Return Rank: 95
NBIS Sharpe Ratio Rank: 97
NBIS Sortino Ratio Rank: 95
NBIS Omega Ratio Rank: 91
NBIS Calmar Ratio Rank: 97
NBIS Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LMT vs. NBIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and Nebius Group N.V. (NBIS). 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	NBIS	Difference
Sharpe ratio: Return per unit of total volatility	0.69	3.50	-2.81
Sortino ratio: Return per unit of downside risk	1.05	3.75	-2.69
Omega ratio: Gain probability vs. loss probability	1.14	1.42	-0.27
Calmar ratio: Return relative to maximum drawdown	0.73	8.03	-7.30
Martin ratio: Return relative to average drawdown	1.69	18.34	-16.65

LMT vs. NBIS - Sharpe Ratio Comparison

The current LMT Sharpe Ratio is 0.69, which is lower than the NBIS Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of LMT and NBIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LMT vs. NBIS - Drawdown Comparison

The maximum LMT drawdown since its inception was -79.29%, which is greater than NBIS's maximum drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for LMT and NBIS.

Drawdown Indicators

	LMT	NBIS	Difference
Max Drawdown Largest peak-to-trough decline	-79.29%	-58.27%	-21.02%
Max Drawdown (1Y) Largest decline over 1 year	-25.15%	-45.47%	+20.32%
Max Drawdown (3Y) Largest decline over 3 years	-31.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	—	—
Current Drawdown Current decline from peak	-19.63%	-12.15%	-7.48%
Average Drawdown Average peak-to-trough decline	-26.83%	-18.94%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.81%	19.86%	-9.05%

Volatility

LMT vs. NBIS - Volatility Comparison

The current volatility for Lockheed Martin Corporation (LMT) is 7.02%, while Nebius Group N.V. (NBIS) has a volatility of 30.23%. This indicates that LMT experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMT	NBIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	30.23%	-23.21%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	71.43%	-51.39%
Volatility (1Y) Calculated over the trailing 1-year period	26.71%	104.41%	-77.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	110.20%	-87.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.76%	110.20%	-86.44%

Dividends

LMT vs. NBIS - Dividend Comparison

LMT's dividend yield for the trailing twelve months is around 2.53%, while NBIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NBIS Nebius Group N.V.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both LMT and NBIS in my portfolio?

LMT and NBIS have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMT or NBIS?

NBIS has higher volatility (30.23%) compared to LMT (7.02%). In terms of maximum drawdown, LMT dropped -79.29% vs NBIS's -58.27%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (3.50 vs 0.69), 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.