LRCX vs. HPE
LRCX (Lam Research Corporation) and HPE (Hewlett Packard Enterprise Company) are both stocks. Both are in the Technology sector — LRCX in Semiconductor Equipment & Materials, HPE in Communication Equipment. Over the past 10 years, LRCX returned 48.23%/yr vs 19.47%/yr for HPE. At a 0.47 correlation, their price movements are largely independent.
Performance
LRCX vs. HPE - Performance Comparison
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Returns By Period
In the year-to-date period, LRCX achieves a 114.54% return, which is significantly higher than HPE's 101.83% return. Over the past 10 years, LRCX has outperformed HPE with an annualized return of 48.23%, while HPE has yielded a comparatively lower 19.47% annualized return.
LRCX
- 1D
- 1.18%
- 1M
- 28.83%
- YTD
- 114.54%
- 6M
- 128.79%
- 1Y
- 312.75%
- 3Y*
- 81.91%
- 5Y*
- 43.22%
- 10Y*
- 48.23%
HPE
- 1D
- 2.93%
- 1M
- 45.53%
- YTD
- 101.83%
- 6M
- 104.32%
- 1Y
- 179.81%
- 3Y*
- 46.46%
- 5Y*
- 28.53%
- 10Y*
- 19.47%
LRCX vs. HPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 114.54% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
HPE Hewlett Packard Enterprise Company | 101.83% | 15.54% | 29.14% | 9.72% | 4.49% | 37.37% | -21.94% | 23.74% | -5.62% | 7.83% |
Correlation
The correlation between LRCX and HPE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2015 | 0.47 |
The correlation between LRCX and HPE has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
Fundamentals
LRCX:
$463.20B
HPE:
$65.32B
LRCX:
$5.29
HPE:
$1.10
LRCX:
69.37
HPE:
43.87
LRCX:
5.25
HPE:
0.55
LRCX:
21.46
HPE:
1.69
LRCX:
43.76
HPE:
2.58
LRCX:
$21.68B
HPE:
$38.88B
LRCX:
$10.84B
HPE:
$5.56B
LRCX:
$6.10B
HPE:
$2.70B
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Return for Risk
LRCX vs. HPE — Risk / Return Rank
LRCX
HPE
LRCX vs. HPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lam Research Corporation (LRCX) and Hewlett Packard Enterprise Company (HPE). 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.
| LRCX | HPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.54 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 15.26 | 7.31 | +7.95 |
| Martin ratioReturn relative to average drawdown | 51.20 | 17.24 | +33.96 |
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Drawdowns
LRCX vs. HPE - Drawdown Comparison
The maximum LRCX drawdown since its inception was -87.90%, which is greater than HPE's maximum drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for LRCX and HPE.
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Drawdown Indicators
| LRCX | HPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.90% | -56.88% | -31.02% |
Max Drawdown (1Y)Largest decline over 1 year | -20.01% | -23.73% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -47.10% | -48.36% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -56.39% | -48.36% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -56.39% | -56.88% | +0.49% |
Current DrawdownCurrent decline from peak | 0.00% | -14.21% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -28.17% | -14.71% | -13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 10.04% | -4.09% |
Volatility
LRCX vs. HPE - Volatility Comparison
The current volatility for Lam Research Corporation (LRCX) is 21.52%, while Hewlett Packard Enterprise Company (HPE) has a volatility of 28.73%. This indicates that LRCX experiences smaller price fluctuations and is considered to be less risky than HPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LRCX | HPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.52% | 28.73% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 43.63% | 40.38% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.78% | 49.22% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.57% | 39.16% | +7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.92% | 37.18% | +7.74% |
Dividends
LRCX vs. HPE - Dividend Comparison
LRCX's dividend yield for the trailing twelve months is around 0.28%, less than HPE's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPE Hewlett Packard Enterprise Company | 1.13% | 2.22% | 2.44% | 2.89% | 3.01% | 3.04% | 4.05% | 2.88% | 3.12% | 70.62% | 0.99% | 0.36% |
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Financials
LRCX vs. HPE - Financials Comparison
This section allows you to compare key financial metrics between Lam Research Corporation and Hewlett Packard Enterprise Company. 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
LRCX vs. HPE - Profitability Comparison
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.
HPE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a gross profit of -3.34B and revenue of 10.68B. Therefore, the gross margin over that period was -31.3%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.
HPE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported an operating income of 319.00M and revenue of 10.68B, resulting in an operating margin of 3.0%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.
HPE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a net income of 604.00M and revenue of 10.68B, resulting in a net margin of 5.7%.
Frequently Asked Questions
LRCX and HPE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPE has higher volatility (28.73%) compared to LRCX (21.52%). In terms of maximum drawdown, LRCX dropped -87.90% vs HPE's -56.88%.
LRCX currently has the higher Sharpe Ratio (5.79 vs 3.53), 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.
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