PH vs. LDO.MI
PH (Parker-Hannifin Corporation) and LDO.MI (Leonardo S.p.A.) are both stocks. Both are in the Industrials sector — PH in Specialty Industrial Machinery, LDO.MI in Aerospace & Defense. Over the past 10 years, PH returned 25.12%/yr vs 21.19%/yr for LDO.MI. At a 0.29 correlation, their price movements are largely independent.
Performance
PH vs. LDO.MI - Performance Comparison
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Different Trading Currencies
PH is traded in USD, while LDO.MI is traded in EUR. To make them comparable, the LDO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PH achieves a 3.21% return, which is significantly lower than LDO.MI's 7.11% return. Over the past 10 years, PH has outperformed LDO.MI with an annualized return of 25.12%, while LDO.MI has yielded a comparatively lower 21.19% annualized return.
PH
- 1D
- 0.12%
- 1M
- 2.39%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 36.66%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
LDO.MI
- 1D
- -0.53%
- 1M
- 5.96%
- YTD
- 7.11%
- 6M
- 9.36%
- 1Y
- 11.60%
- 3Y*
- 77.52%
- 5Y*
- 49.45%
- 10Y*
- 21.19%
PH vs. LDO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
LDO.MI Leonardo S.p.A. | 7.11% | 116.42% | 65.70% | 93.63% | 22.66% | -1.81% | -36.54% | 35.08% | -25.06% | -14.34% |
Correlation
The correlation between PH and LDO.MI is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.29 |
The correlation between PH and LDO.MI shifts across timeframes, from 0.09 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PH vs. LDO.MI — Risk / Return Rank
PH
LDO.MI
PH vs. LDO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) and Leonardo S.p.A. (LDO.MI). 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.
| PH | LDO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.51 | +1.39 |
| Martin ratioReturn relative to average drawdown | 5.64 | 1.17 | +4.47 |
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Drawdowns
PH vs. LDO.MI - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, smaller than the maximum LDO.MI drawdown of -86.89%. Use the drawdown chart below to compare losses from any high point for PH and LDO.MI.
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Drawdown Indicators
| PH | LDO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -86.89% | +19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -22.61% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -22.61% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -39.96% | +11.32% |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | -73.30% | +18.62% |
Current DrawdownCurrent decline from peak | -11.49% | -15.94% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -47.54% | +32.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 9.91% | -3.39% |
Volatility
PH vs. LDO.MI - Volatility Comparison
The current volatility for Parker-Hannifin Corporation (PH) is 7.58%, while Leonardo S.p.A. (LDO.MI) has a volatility of 9.96%. This indicates that PH experiences smaller price fluctuations and is considered to be less risky than LDO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PH | LDO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 9.96% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 30.11% | -11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 41.29% | -16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 36.75% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.70% | 38.71% | -7.01% |
Dividends
PH vs. LDO.MI - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.82%, less than LDO.MI's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDO.MI Leonardo S.p.A. | 0.97% | 1.06% | 1.08% | 0.94% | 1.74% | 0.00% | 2.37% | 1.34% | 1.82% | 1.41% | 0.00% | 0.00% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
PH vs. LDO.MI - Financials Comparison
This section allows you to compare key financial metrics between Parker-Hannifin Corporation and Leonardo S.p.A.. 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
Frequently Asked Questions
PH and LDO.MI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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