MLCO vs. JNJ

Last updated Jun 3, 2026

MLCO (Melco Resorts & Entertainment Limited) and JNJ (Johnson & Johnson) are both stocks. MLCO operates in Resorts & Casinos (Consumer Cyclical), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, MLCO returned -7.08%/yr vs 9.83%/yr for JNJ. At a 0.17 correlation, their price movements are largely independent.

Performance

MLCO vs. JNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Melco Resorts & Entertainment Limited (MLCO) and Johnson & Johnson (JNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLCO achieves a -24.04% return, which is significantly lower than JNJ's 8.90% return. Over the past 10 years, MLCO has underperformed JNJ with an annualized return of -7.08%, while JNJ has yielded a comparatively higher 9.83% annualized return.

MLCO

• 1D: -1.54%
• 1M: 5.31%
• YTD: -24.04%
• 6M: -37.84%
• 1Y: -8.44%
• 3Y*: -20.97%
• 5Y*: -19.48%
• 10Y*: -7.08%

JNJ

• 1D: -0.28%
• 1M: -1.33%
• YTD: 8.90%
• 6M: 9.71%
• 1Y: 47.01%
• 3Y*: 15.73%
• 5Y*: 9.09%
• 10Y*: 9.83%

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

MLCO vs. JNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLCO Melco Resorts & Entertainment Limited	-24.04%	30.74%	-34.72%	-22.87%	12.97%	-45.12%	-22.55%	41.19%	-37.90%	100.80%
JNJ Johnson & Johnson	8.90%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%

Correlation

The correlation between MLCO and JNJ is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Dec 20, 2006	0.17

The correlation between MLCO and JNJ shifts across timeframes, from -0.02 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MLCO : $2.26B JNJ : $545.01B
EPS MLCO : $0.57 JNJ : $8.65
PE Ratio MLCO : 10.02 JNJ : 25.77
PEG Ratio MLCO : 0.15 JNJ : 0.86
PS Ratio MLCO : 0.43 JNJ : 5.63
Total Revenue (TTM) MLCO : $5.30B JNJ : $96.36B
Gross Profit (TTM) MLCO : $1.81B JNJ : $66.60B
EBITDA (TTM) MLCO : $1.19B JNJ : $31.62B

Return for Risk

MLCO vs. JNJ — Risk / Return Rank

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

MLCO

MLCO Risk / Return Rank: 32
MLCO Sharpe Ratio Rank: 32
MLCO Sortino Ratio Rank: 29
MLCO Omega Ratio Rank: 29
MLCO Calmar Ratio Rank: 34
MLCO Martin Ratio Rank: 35

JNJ

JNJ Risk / Return Rank: 92
JNJ Sharpe Ratio Rank: 93
JNJ Sortino Ratio Rank: 95
JNJ Omega Ratio Rank: 93
JNJ Calmar Ratio Rank: 88
JNJ Martin Ratio Rank: 91

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.

MLCO vs. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Melco Resorts & Entertainment Limited (MLCO) and Johnson & Johnson (JNJ). 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.

	MLCO	JNJ	Difference
Sharpe ratio Return per unit of total volatility	-0.21	2.83	-3.04
Sortino ratio Return per unit of downside risk	-0.01	4.17	-4.18
Omega ratio Gain probability vs. loss probability	1.00	1.51	-0.51
Calmar ratio Return relative to maximum drawdown	-0.18	4.31	-4.48
Martin ratio Return relative to average drawdown	-0.29	13.20	-13.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLCO vs. JNJ - Sharpe Ratio Comparison

The current MLCO Sharpe Ratio is -0.21, which is lower than the JNJ Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of MLCO and JNJ, 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

	MLCO	JNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	2.83	-3.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.54	-0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	0.53	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.53	-0.63

Drawdowns

MLCO vs. JNJ - Drawdown Comparison

The maximum MLCO drawdown since its inception was -89.50%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for MLCO and JNJ.

Drawdown Indicators

	MLCO	JNJ	Difference
Max Drawdown Largest peak-to-trough decline	-89.50%	-50.67%	-38.83%
Max Drawdown (1Y) Largest decline over 1 year	-47.58%	-10.96%	-36.62%
Max Drawdown (3Y) Largest decline over 3 years	-66.52%	-15.95%	-50.57%
Max Drawdown (5Y) Largest decline over 5 years	-74.37%	-18.41%	-55.96%
Max Drawdown (10Y) Largest decline over 10 years	-85.55%	-27.37%	-58.18%
Current Drawdown Current decline from peak	-84.05%	-9.81%	-74.24%
Average Drawdown Average peak-to-trough decline	-55.04%	-11.88%	-43.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.66%	3.58%	+25.08%

Volatility

MLCO vs. JNJ - Volatility Comparison

Melco Resorts & Entertainment Limited (MLCO) has a higher volatility of 9.41% compared to Johnson & Johnson (JNJ) at 5.36%. This indicates that MLCO's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLCO	JNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	5.36%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	30.06%	12.19%	+17.87%
Volatility (1Y) Calculated over the trailing 1-year period	40.84%	16.67%	+24.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.60%	16.82%	+41.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.96%	18.45%	+33.51%

Dividends

MLCO vs. JNJ - Dividend Comparison

MLCO has not paid dividends to shareholders, while JNJ's dividend yield for the trailing twelve months is around 2.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNJ Johnson & Johnson	2.35%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
MLCO Melco Resorts & Entertainment Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	2.62%	3.14%	5.76%	4.52%	0.68%

Financials

MLCO vs. JNJ - Profitability Comparison

The chart below illustrates the profitability comparison between Melco Resorts & Entertainment Limited and Johnson & Johnson over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MLCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Melco Resorts & Entertainment Limited reported a gross profit of 373.22M and revenue of 1.37B. Therefore, the gross margin over that period was 27.2%.

JNJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.

MLCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Melco Resorts & Entertainment Limited reported an operating income of 182.64M and revenue of 1.37B, resulting in an operating margin of 13.3%.

JNJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.

MLCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Melco Resorts & Entertainment Limited reported a net income of 77.06M and revenue of 1.37B, resulting in a net margin of 5.6%.

JNJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.

Frequently Asked Questions

Can I hold both MLCO and JNJ in my portfolio?

MLCO and JNJ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLCO or JNJ?

MLCO has higher volatility (9.41%) compared to JNJ (5.36%). In terms of maximum drawdown, MLCO dropped -89.50% vs JNJ's -50.67%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (2.83 vs -0.21), 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.