LNC vs. SJM

Last updated Apr 2, 2026

Compare and contrast key facts about Lincoln National Corporation (LNC) and The J. M. Smucker Company (SJM).

Performance

LNC vs. SJM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lincoln National Corporation (LNC) and The J. M. Smucker Company (SJM). The values are adjusted to include any dividend payments, if applicable.

LNC vs. SJM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNC Lincoln National Corporation	-20.04%	48.02%	24.78%	-5.55%	-53.53%	39.49%	-11.08%	17.95%	-31.98%	17.98%
SJM The J. M. Smucker Company	-1.39%	-7.56%	-9.61%	-17.79%	20.06%	21.05%	14.50%	14.90%	-22.58%	-0.49%

Fundamentals

EPS LNC : $9.41 SJM : -$11.77
PS Ratio LNC : 0.24 SJM : 1.14
Total Revenue (TTM) LNC : $18.21B SJM : $8.93B
Gross Profit (TTM) LNC : $661.00M SJM : $3.00B
EBITDA (TTM) LNC : $582.00M SJM : -$291.90M

Returns By Period

In the year-to-date period, LNC achieves a -20.04% return, which is significantly lower than SJM's -1.39% return. Over the past 10 years, LNC has outperformed SJM with an annualized return of 2.58%, while SJM has yielded a comparatively lower -0.21% annualized return.

LNC

• 1D: -0.73%
• 1M: 2.14%
• YTD: -20.04%
• 6M: -10.22%
• 1Y: 2.73%
• 3Y*: 23.42%
• 5Y*: -6.43%
• 10Y*: 2.58%

SJM

• 1D: -0.99%
• 1M: -16.73%
• YTD: -1.39%
• 6M: -10.23%
• 1Y: -16.18%
• 3Y*: -12.18%
• 5Y*: -2.21%
• 10Y*: -0.21%

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

Return for Risk

LNC vs. SJM — Risk / Return Rank

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

LNC

LNC Risk / Return Rank: 41
LNC Sharpe Ratio Rank: 43
LNC Sortino Ratio Rank: 39
LNC Omega Ratio Rank: 39
LNC Calmar Ratio Rank: 43
LNC Martin Ratio Rank: 44

SJM

SJM Risk / Return Rank: 13
SJM Sharpe Ratio Rank: 17
SJM Sortino Ratio Rank: 18
SJM Omega Ratio Rank: 17
SJM Calmar Ratio Rank: 11
SJM Martin Ratio Rank: 5

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.

LNC vs. SJM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln National Corporation (LNC) and The J. M. Smucker Company (SJM). 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.

	LNC	SJM	Difference
Sharpe ratio Return per unit of total volatility	0.07	-0.54	+0.61
Sortino ratio Return per unit of downside risk	0.38	-0.56	+0.94
Omega ratio Gain probability vs. loss probability	1.05	0.92	+0.13
Calmar ratio Return relative to maximum drawdown	0.10	-0.82	+0.93
Martin ratio Return relative to average drawdown	0.26	-1.66	+1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LNC vs. SJM - Sharpe Ratio Comparison

The current LNC Sharpe Ratio is 0.07, which is higher than the SJM Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of LNC and SJM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LNC	SJM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	-0.54	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.09	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	-0.01	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.30	-0.15

Correlation

The correlation between LNC and SJM is 0.23, 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.

Dividends

LNC vs. SJM - Dividend Comparison

LNC's dividend yield for the trailing twelve months is around 5.11%, more than SJM's 4.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNC Lincoln National Corporation	5.11%	4.04%	5.68%	6.67%	5.86%	2.46%	3.18%	2.51%	2.57%	1.51%	1.51%	1.59%
SJM The J. M. Smucker Company	4.59%	4.46%	3.89%	3.29%	2.54%	2.78%	3.08%	3.32%	3.49%	2.46%	2.22%	2.12%

Drawdowns

LNC vs. SJM - Drawdown Comparison

The maximum LNC drawdown since its inception was -92.87%, which is greater than SJM's maximum drawdown of -45.67%. Use the drawdown chart below to compare losses from any high point for LNC and SJM.

Drawdown Indicators

	LNC	SJM	Difference
Max Drawdown Largest peak-to-trough decline	-92.87%	-45.67%	-47.20%
Max Drawdown (1Y) Largest decline over 1 year	-29.13%	-19.52%	-9.61%
Max Drawdown (5Y) Largest decline over 5 years	-73.14%	-36.66%	-36.48%
Max Drawdown (10Y) Largest decline over 10 years	-79.19%	-36.71%	-42.48%
Current Drawdown Current decline from peak	-42.52%	-33.99%	-8.53%
Average Drawdown Average peak-to-trough decline	-24.98%	-13.37%	-11.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	9.67%	+1.85%

Volatility

LNC vs. SJM - Volatility Comparison

Lincoln National Corporation (LNC) has a higher volatility of 10.22% compared to The J. M. Smucker Company (SJM) at 5.27%. This indicates that LNC's price experiences larger fluctuations and is considered to be riskier than SJM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LNC	SJM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.22%	5.27%	+4.95%
Volatility (6M) Calculated over the trailing 6-month period	25.27%	18.24%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	29.91%	+10.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.99%	23.60%	+19.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.79%	24.24%	+22.55%

Financials

LNC vs. SJM - Profitability Comparison

The chart below illustrates the profitability comparison between Lincoln National Corporation and The J. M. Smucker Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lincoln National Corporation reported a gross profit of 0.00 and revenue of 4.84B. Therefore, the gross margin over that period was 0.0%.

SJM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The J. M. Smucker Company reported a gross profit of 915.80M and revenue of 2.34B. Therefore, the gross margin over that period was 39.2%.

LNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lincoln National Corporation reported an operating income of 0.00 and revenue of 4.84B, resulting in an operating margin of 0.0%.

SJM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The J. M. Smucker Company reported an operating income of -548.40M and revenue of 2.34B, resulting in an operating margin of -23.4%.

LNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lincoln National Corporation reported a net income of 754.00M and revenue of 4.84B, resulting in a net margin of 15.6%.

SJM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The J. M. Smucker Company reported a net income of -724.20M and revenue of 2.34B, resulting in a net margin of -31.0%.