LULU vs. BAESY

Last updated Jun 9, 2026

LULU (Lululemon Athletica Inc.) and BAESY (BAE Systems PLC) are both stocks. LULU operates in Apparel Retail (Consumer Cyclical), while BAESY operates in Aerospace & Defense (Industrials). Over the past 10 years, LULU returned 5.24%/yr vs 18.73%/yr for BAESY. At a 0.19 correlation, their price movements are largely independent.

Performance

LULU vs. BAESY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lululemon Athletica Inc. (LULU) and BAE Systems PLC (BAESY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LULU achieves a -43.43% return, which is significantly lower than BAESY's 12.98% return. Over the past 10 years, LULU has underperformed BAESY with an annualized return of 5.24%, while BAESY has yielded a comparatively higher 18.73% annualized return.

LULU

• 1D: 2.91%
• 1M: -10.39%
• YTD: -43.43%
• 6M: -35.78%
• 1Y: -55.69%
• 3Y*: -31.16%
• 5Y*: -18.52%
• 10Y*: 5.24%

BAESY

• 1D: 0.88%
• 1M: -2.16%
• YTD: 12.98%
• 6M: 13.84%
• 1Y: 0.14%
• 3Y*: 31.96%
• 5Y*: 30.90%
• 10Y*: 18.73%

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

LULU vs. BAESY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LULU Lululemon Athletica Inc.	-43.43%	-45.66%	-25.21%	59.59%	-18.16%	12.48%	50.23%	90.50%	54.74%	20.93%
BAESY BAE Systems PLC	12.98%	65.51%	1.23%	40.91%	46.40%	14.56%	-3.43%	34.69%	-22.16%	13.28%

Correlation

The correlation between LULU and BAESY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 30, 2007	0.19

Fundamentals

Market Cap LULU : $13.57B BAESY : $78.73B
EPS LULU : $12.35 BAESY : $5.29
PE Ratio LULU : 9.52 BAESY : 19.61
PEG Ratio LULU : 0.46 BAESY : 3.61
PS Ratio LULU : 1.24 BAESY : 1.44
PB Ratio LULU : 2.70 BAESY : 6.69
Total Revenue (TTM) LULU : $11.20B BAESY : $54.56B
Gross Profit (TTM) LULU : $6.24B BAESY : $19.72B
EBITDA (TTM) LULU : $2.44B BAESY : $7.74B

Return for Risk

LULU vs. BAESY — Risk / Return Rank

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

LULU

LULU Risk / Return Rank: 2
LULU Sharpe Ratio Rank: 2
LULU Sortino Ratio Rank: 3
LULU Omega Ratio Rank: 3
LULU Calmar Ratio Rank: 1
LULU Martin Ratio Rank: 2

BAESY

BAESY Risk / Return Rank: 40
BAESY Sharpe Ratio Rank: 42
BAESY Sortino Ratio Rank: 37
BAESY Omega Ratio Rank: 35
BAESY Calmar Ratio Rank: 42
BAESY Martin Ratio Rank: 42

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.

LULU vs. BAESY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lululemon Athletica Inc. (LULU) and BAE Systems PLC (BAESY). 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.

	LULU	BAESY	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	0.00	-1.27
Sortino ratio: Return per unit of downside risk	-1.97	0.24	-2.20
Omega ratio: Gain probability vs. loss probability	0.75	1.03	-0.28
Calmar ratio: Return relative to maximum drawdown	-1.00	0.01	-1.00
Martin ratio: Return relative to average drawdown	-1.73	0.01	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LULU vs. BAESY - Sharpe Ratio Comparison

The current LULU Sharpe Ratio is -1.26, which is lower than the BAESY Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of LULU and BAESY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LULU	BAESY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.26	0.00	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	1.11	-1.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.67	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.35	-0.10

Drawdowns

LULU vs. BAESY - Drawdown Comparison

The maximum LULU drawdown since its inception was -92.26%, which is greater than BAESY's maximum drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for LULU and BAESY.

Drawdown Indicators

	LULU	BAESY	Difference
Max Drawdown Largest peak-to-trough decline	-92.26%	-59.20%	-33.06%
Max Drawdown (1Y) Largest decline over 1 year	-55.90%	-23.59%	-32.31%
Max Drawdown (3Y) Largest decline over 3 years	-77.66%	-23.59%	-54.07%
Max Drawdown (5Y) Largest decline over 5 years	-77.66%	-23.59%	-54.07%
Max Drawdown (10Y) Largest decline over 10 years	-77.66%	-42.13%	-35.53%
Current Drawdown Current decline from peak	-77.01%	-15.62%	-61.39%
Average Drawdown Average peak-to-trough decline	-27.57%	-19.33%	-8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.71%	9.99%	+23.72%

Volatility

LULU vs. BAESY - Volatility Comparison

Lululemon Athletica Inc. (LULU) has a higher volatility of 13.25% compared to BAE Systems PLC (BAESY) at 9.80%. This indicates that LULU's price experiences larger fluctuations and is considered to be riskier than BAESY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LULU	BAESY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	9.80%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	32.89%	24.82%	+8.07%
Volatility (1Y) Calculated over the trailing 1-year period	44.36%	31.94%	+12.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.19%	28.05%	+14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.61%	27.88%	+12.73%

Dividends

LULU vs. BAESY - Dividend Comparison

LULU has not paid dividends to shareholders, while BAESY's dividend yield for the trailing twelve months is around 1.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAESY BAE Systems PLC	1.87%	1.90%	2.79%	2.40%	3.09%	4.46%	7.05%	3.66%	4.93%	5.71%	6.26%	4.38%
LULU Lululemon Athletica Inc.	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

LULU vs. BAESY - Profitability Comparison

The chart below illustrates the profitability comparison between Lululemon Athletica Inc. and BAE Systems PLC over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LULU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lululemon Athletica Inc. reported a gross profit of 1.34B and revenue of 2.47B. Therefore, the gross margin over that period was 54.2%.

BAESY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.

LULU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lululemon Athletica Inc. reported an operating income of 276.95M and revenue of 2.47B, resulting in an operating margin of 11.2%.

BAESY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.

LULU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lululemon Athletica Inc. reported a net income of 195.05M and revenue of 2.47B, resulting in a net margin of 7.9%.

BAESY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.

Frequently Asked Questions

Can I hold both LULU and BAESY in my portfolio?

LULU and BAESY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LULU or BAESY?

LULU has higher volatility (13.25%) compared to BAESY (9.80%). In terms of maximum drawdown, LULU dropped -92.26% vs BAESY's -59.20%.

Which has better risk-adjusted returns?

BAESY currently has the higher Sharpe Ratio (0.00 vs -1.26), 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.