TMO vs. INGR
TMO (Thermo Fisher Scientific Inc.) and INGR (Ingredion Incorporated) are both stocks. TMO operates in Diagnostics & Research (Healthcare), while INGR operates in Packaged Foods (Consumer Defensive). Over the past 10 years, TMO returned 12.54%/yr vs 0.79%/yr for INGR. At a 0.30 correlation, their price movements are largely independent.
Performance
TMO vs. INGR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TMO achieves a -18.92% return, which is significantly lower than INGR's -6.49% return. Over the past 10 years, TMO has outperformed INGR with an annualized return of 12.54%, while INGR has yielded a comparatively lower 0.79% annualized return.
TMO
- 1D
- -1.33%
- 1M
- 5.23%
- YTD
- -18.92%
- 6M
- -17.84%
- 1Y
- 13.42%
- 3Y*
- -3.43%
- 5Y*
- 0.45%
- 10Y*
- 12.54%
INGR
- 1D
- 0.68%
- 1M
- -4.15%
- YTD
- -6.49%
- 6M
- -8.29%
- 1Y
- -25.12%
- 3Y*
- 0.77%
- 5Y*
- 4.31%
- 10Y*
- 0.79%
TMO vs. INGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMO Thermo Fisher Scientific Inc. | -18.92% | 11.78% | -1.72% | -3.36% | -17.29% | 43.54% | 43.72% | 45.55% | 18.21% | 35.03% |
INGR Ingredion Incorporated | -6.49% | -17.86% | 29.22% | 14.08% | 4.47% | 26.35% | -12.55% | 4.70% | -33.10% | 13.87% |
Correlation
The correlation between TMO and INGR 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 1997 | 0.30 |
The correlation between TMO and INGR shifts across timeframes, from 0.19 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TMO:
$18.22
INGR:
$13.96
TMO:
25.76
INGR:
7.28
TMO:
3.91
INGR:
0.92
TMO:
$45.20B
INGR:
$5.41B
TMO:
$17.81B
INGR:
$1.36B
TMO:
$11.16B
INGR:
$902.00M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TMO vs. INGR — Risk / Return Rank
TMO
INGR
TMO vs. INGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thermo Fisher Scientific Inc. (TMO) and Ingredion Incorporated (INGR). 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.
| TMO | INGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.75 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.95 | +1.38 |
| Martin ratioReturn relative to average drawdown | 0.93 | -1.58 | +2.51 |
Loading charts...
Drawdowns
TMO vs. INGR - Drawdown Comparison
The maximum TMO drawdown since its inception was -71.16%, which is greater than INGR's maximum drawdown of -64.20%. Use the drawdown chart below to compare losses from any high point for TMO and INGR.
Loading charts...
Drawdown Indicators
| TMO | INGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.16% | -64.20% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -31.38% | -26.58% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -37.28% | -33.21% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -40.95% | -33.21% | -7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -40.95% | -56.14% | +15.19% |
Current DrawdownCurrent decline from peak | -28.80% | -31.78% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -18.11% | -18.32% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.43% | 16.03% | -1.60% |
Volatility
TMO vs. INGR - Volatility Comparison
Thermo Fisher Scientific Inc. (TMO) has a higher volatility of 10.57% compared to Ingredion Incorporated (INGR) at 5.82%. This indicates that TMO's price experiences larger fluctuations and is considered to be riskier than INGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TMO | INGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 5.82% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 11.73% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 16.64% | +14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.20% | 21.32% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 24.87% | +1.51% |
Dividends
TMO vs. INGR - Dividend Comparison
TMO's dividend yield for the trailing twelve months is around 0.37%, less than INGR's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INGR Ingredion Incorporated | 3.21% | 2.92% | 1.72% | 2.75% | 2.78% | 2.67% | 3.23% | 2.70% | 2.68% | 1.57% | 1.52% | 1.82% |
TMO Thermo Fisher Scientific Inc. | 0.37% | 0.30% | 0.30% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% |
Financials
TMO vs. INGR - Financials Comparison
This section allows you to compare key financial metrics between Thermo Fisher Scientific Inc. and Ingredion Incorporated. 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
TMO and INGR 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.
TMO has higher volatility (10.57%) compared to INGR (5.82%). In terms of maximum drawdown, TMO dropped -71.16% vs INGR's -64.20%.
TMO currently has the higher Sharpe Ratio (0.43 vs -1.52), 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.
Find the right allocation for TMO and INGR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer