LMT vs. SOBO.TO
LMT (Lockheed Martin Corporation) and SOBO.TO (South Bow Corp) are both stocks. LMT operates in Aerospace & Defense (Industrials), while SOBO.TO operates in Oil & Gas Midstream (Energy). Over the past year, LMT returned 18.25% vs 50.32% for SOBO.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
LMT vs. SOBO.TO - Performance Comparison
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Different Trading Currencies
LMT is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO 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 lower than SOBO.TO's 40.32% 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%
SOBO.TO
- 1D
- 0.96%
- 1M
- 5.83%
- YTD
- 40.32%
- 6M
- 44.41%
- 1Y
- 50.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMT vs. SOBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LMT Lockheed Martin Corporation | 13.04% | 2.47% | -15.49% |
SOBO.TO South Bow Corp | 40.32% | 25.61% | 15.72% |
Correlation
The correlation between LMT and SOBO.TO is 0.05, 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 | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.06 |
Fundamentals
LMT:
$124.87B
SOBO.TO:
CA$11.12B
LMT:
$20.61
SOBO.TO:
$2.03
LMT:
26.21
SOBO.TO:
18.81
LMT:
1.67
SOBO.TO:
4.37
LMT:
16.67
SOBO.TO:
2.99
LMT:
$75.12B
SOBO.TO:
$1.82B
LMT:
$7.37B
SOBO.TO:
$893.03M
LMT:
$8.09B
SOBO.TO:
$851.07M
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Return for Risk
LMT vs. SOBO.TO — Risk / Return Rank
LMT
SOBO.TO
LMT vs. SOBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and South Bow Corp (SOBO.TO). 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 | SOBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 3.99 | -3.26 |
| Martin ratioReturn relative to average drawdown | 1.69 | 11.40 | -9.71 |
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Drawdowns
LMT vs. SOBO.TO - Drawdown Comparison
The maximum LMT drawdown since its inception was -79.29%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for LMT and SOBO.TO.
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Drawdown Indicators
| LMT | SOBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.29% | -27.09% | -52.20% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -12.68% | -12.47% |
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 DrawdownCurrent decline from peak | -19.63% | -0.37% | -19.26% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -4.27% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 4.44% | +6.37% |
Volatility
LMT vs. SOBO.TO - Volatility Comparison
Lockheed Martin Corporation (LMT) and South Bow Corp (SOBO.TO) have volatilities of 7.02% and 7.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMT | SOBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.09% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 14.83% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.71% | 20.21% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.99% | 44.59% | -21.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.76% | 44.59% | -20.83% |
Dividends
LMT vs. SOBO.TO - Dividend Comparison
LMT's dividend yield for the trailing twelve months is around 2.53%, less than SOBO.TO's 5.18% yield.
| 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% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LMT vs. SOBO.TO - Financials Comparison
This section allows you to compare key financial metrics between Lockheed Martin Corporation and South Bow Corp. 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
LMT vs. SOBO.TO - Profitability Comparison
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
SOBO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
SOBO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
SOBO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.
Frequently Asked Questions
LMT and SOBO.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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