MMS vs. MASI

Last updated Aug 4, 2026

MMS (Maximus, Inc.) and MASI (Masimo Corporation) are both stocks. MMS operates in Specialty Business Services (Industrials), while MASI operates in Medical Instruments & Supplies (Healthcare). Their 0.34 correlation means their historical movements had little consistent relationship.

Performance

MMS vs. MASI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Maximus, Inc. (MMS) and Masimo Corporation (MASI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MMS

• 1D: 3.25%
• 1M: 11.59%
• 6M: -33.51%
• YTD: -27.21%
• 1Y: -13.19%
• 3Y*: -6.41%
• 5Y*: -4.83%
• 10Y*: 1.73%
• ALL TIME*: 10.02%

MASI

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MMS Maximus, Inc.	$34.23M	$35.21M	$44.06M

MMS vs. MASI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMS Maximus, Inc.	-27.21%	17.47%	-9.70%	16.01%	-6.39%	10.31%	-0.07%	15.90%	-8.53%	28.68%
MASI Masimo Corporation	38.36%	-21.32%	41.03%	-20.78%	-49.47%	9.09%	69.80%	47.21%	26.62%	25.82%

Correlation

The correlation between MMS and MASI is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.28
Correlation (All Time) Calculated using the full available price history since Aug 8, 2007	0.34

The correlation between MMS and MASI shifts across timeframes, from 0.15 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MMS : $3.27B MASI : $9.47B
EPS MMS : $6.70 MASI : $1.41
PE Ratio MMS : 9.29 MASI : 127.36
PS Ratio MMS : 0.65 MASI : 6.24
PB Ratio MMS : 2.01 MASI : 12.00
Total Revenue (TTM) MMS : $5.32B MASI : $1.56B
Gross Profit (TTM) MMS : $1.31B MASI : $962.00M
EBITDA (TTM) MMS : $654.04M MASI : $336.40M

Return for Risk

MMS vs. MASI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MMS

MMS Risk / Return Rank: 28
MMS Sharpe Ratio Rank: 25
MMS Sortino Ratio Rank: 24
MMS Omega Ratio Rank: 23
MMS Calmar Ratio Rank: 33
MMS Martin Ratio Rank: 33

MASI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MMS vs. MASI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maximus, Inc. (MMS) and Masimo Corporation (MASI). 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.

	MMS	MASI	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	—	—
Sortino ratio: Return per unit of downside risk	-0.33	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.29	—	—
Martin ratio: Return relative to average drawdown	-0.54	—	—

Drawdowns

Drawdown Indicators

	MMS	MASI	Difference
Max Drawdown Largest peak-to-trough decline	-61.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-45.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.11%	—	—
Current Drawdown Current decline from peak	-36.48%	—	—
Average Drawdown Average peak-to-trough decline	-17.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	24.51%	—	—

Volatility

Volatility by Period

	MMS	MASI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	—	—

Dividends

MMS vs. MASI - Dividend Comparison

MMS's dividend yield for the trailing twelve months is around 2.03%, while MASI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MASI Masimo Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MMS Maximus, Inc.	2.03%	1.39%	1.61%	1.36%	1.53%	1.41%	1.53%	1.38%	0.59%	0.25%	0.32%	0.32%

Financials

MMS vs. MASI - Profitability Comparison

The chart below illustrates the profitability comparison between Maximus, Inc. and Masimo Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MMS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Maximus, Inc. reported a gross profit of 362.56M and revenue of 1.31B. Therefore, the gross margin over that period was 27.8%.

MASI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Masimo Corporation reported a gross profit of 250.80M and revenue of 403.60M. Therefore, the gross margin over that period was 62.1%.

MMS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Maximus, Inc. reported an operating income of 148.49M and revenue of 1.31B, resulting in an operating margin of 11.4%.

MASI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Masimo Corporation reported an operating income of 77.40M and revenue of 403.60M, resulting in an operating margin of 19.2%.

MMS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Maximus, Inc. reported a net income of 98.06M and revenue of 1.31B, resulting in a net margin of 7.5%.

MASI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Masimo Corporation reported a net income of 57.10M and revenue of 403.60M, resulting in a net margin of 14.2%.

Frequently Asked Questions

Can I hold both MMS and MASI in my portfolio?

MMS and MASI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.