PHM vs. LECO
PHM (PulteGroup, Inc.) and LECO (Lincoln Electric Holdings, Inc.) are both stocks. PHM operates in Residential Construction (Consumer Cyclical), while LECO operates in Tools & Accessories (Industrials). Over the past 10 years, PHM returned 22.20%/yr vs 17.79%/yr for LECO. At a 0.37 correlation, their price movements are largely independent.
Performance
PHM vs. LECO - Performance Comparison
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Returns By Period
In the year-to-date period, PHM achieves a 5.26% return, which is significantly lower than LECO's 8.12% return. Over the past 10 years, PHM has outperformed LECO with an annualized return of 22.20%, while LECO has yielded a comparatively lower 17.79% annualized return.
PHM
- 1D
- -0.67%
- 1M
- 9.03%
- YTD
- 5.26%
- 6M
- -2.17%
- 1Y
- 19.21%
- 3Y*
- 19.48%
- 5Y*
- 18.86%
- 10Y*
- 22.20%
LECO
- 1D
- 0.19%
- 1M
- -2.64%
- YTD
- 8.12%
- 6M
- 6.64%
- 1Y
- 28.05%
- 3Y*
- 11.30%
- 5Y*
- 16.64%
- 10Y*
- 17.79%
PHM vs. LECO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHM PulteGroup, Inc. | 5.26% | 8.54% | 6.22% | 128.76% | -19.22% | 34.03% | 12.55% | 51.33% | -20.76% | 83.43% |
LECO Lincoln Electric Holdings, Inc. | 8.12% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
Correlation
The correlation between PHM and LECO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 1995 | 0.37 |
The correlation between PHM and LECO shifts across timeframes, from 0.37 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PHM:
$23.88B
LECO:
$14.29B
PHM:
$10.36
LECO:
$9.68
PHM:
11.88
LECO:
26.67
PHM:
0.84
LECO:
1.16
PHM:
1.44
LECO:
3.30
PHM:
1.84
LECO:
9.45
PHM:
$16.83B
LECO:
$4.35B
PHM:
$4.39B
LECO:
$1.57B
PHM:
$2.76B
LECO:
$807.88M
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Return for Risk
PHM vs. LECO — Risk / Return Rank
PHM
LECO
PHM vs. LECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PulteGroup, Inc. (PHM) and Lincoln Electric Holdings, Inc. (LECO). 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.
| PHM | LECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.40 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.66 | 3.68 | -2.02 |
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Drawdowns
PHM vs. LECO - Drawdown Comparison
The maximum PHM drawdown since its inception was -92.40%, which is greater than LECO's maximum drawdown of -68.89%. Use the drawdown chart below to compare losses from any high point for PHM and LECO.
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Drawdown Indicators
| PHM | LECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.40% | -68.89% | -23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -22.60% | -20.09% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -38.01% | -34.29% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -38.01% | -34.29% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -62.11% | -38.89% | -23.22% |
Current DrawdownCurrent decline from peak | -16.36% | -13.31% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -35.47% | -13.51% | -21.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 7.64% | +3.98% |
Volatility
PHM vs. LECO - Volatility Comparison
PulteGroup, Inc. (PHM) has a higher volatility of 9.64% compared to Lincoln Electric Holdings, Inc. (LECO) at 8.61%. This indicates that PHM's price experiences larger fluctuations and is considered to be riskier than LECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHM | LECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 8.61% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 23.60% | 20.20% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.34% | 27.05% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.72% | 26.66% | +8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 27.43% | +9.06% |
Dividends
PHM vs. LECO - Dividend Comparison
PHM's dividend yield for the trailing twelve months is around 0.78%, less than LECO's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 1.19% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
PHM PulteGroup, Inc. | 0.78% | 0.78% | 0.75% | 0.66% | 1.34% | 1.00% | 1.16% | 1.16% | 1.46% | 1.08% | 1.96% | 1.85% |
Financials
PHM vs. LECO - Financials Comparison
This section allows you to compare key financial metrics between PulteGroup, Inc. and Lincoln Electric Holdings, Inc.. 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
PHM vs. LECO - Profitability Comparison
PHM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported a gross profit of 822.11M and revenue of 3.41B. Therefore, the gross margin over that period was 24.1%.
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.
PHM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported an operating income of 441.77M and revenue of 3.41B, resulting in an operating margin of 13.0%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.
PHM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported a net income of 347.00M and revenue of 3.41B, resulting in a net margin of 10.2%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.
Frequently Asked Questions
PHM and LECO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHM has higher volatility (9.64%) compared to LECO (8.61%). In terms of maximum drawdown, PHM dropped -92.40% vs LECO's -68.89%.
LECO currently has the higher Sharpe Ratio (1.04 vs 0.56), 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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