TRV vs. GD

Last updated Jun 9, 2026

TRV (The Travelers Companies, Inc.) and GD (General Dynamics Corporation) are both stocks. Over the past 10 years, TRV returned 12.41%/yr vs 11.59%/yr for GD. At a 0.39 correlation, their price movements are largely independent.

Performance

TRV vs. GD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Travelers Companies, Inc. (TRV) and General Dynamics Corporation (GD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRV achieves a 2.67% return, which is significantly higher than GD's 2.13% return. Over the past 10 years, TRV has outperformed GD with an annualized return of 12.41%, while GD has yielded a comparatively lower 11.59% annualized return.

TRV

• 1D: -2.15%
• 1M: -0.44%
• YTD: 2.67%
• 6M: 6.83%
• 1Y: 10.14%
• 3Y*: 21.09%
• 5Y*: 16.05%
• 10Y*: 12.41%

GD

• 1D: -1.61%
• 1M: -1.64%
• YTD: 2.13%
• 6M: 2.33%
• 1Y: 25.55%
• 3Y*: 19.52%
• 5Y*: 14.60%
• 10Y*: 11.59%

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

TRV vs. GD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRV The Travelers Companies, Inc.	2.67%	22.38%	28.76%	3.93%	22.42%	13.96%	5.31%	17.00%	-9.64%	13.36%
GD General Dynamics Corporation	2.13%	30.39%	3.52%	7.13%	21.69%	43.77%	-13.14%	14.80%	-21.34%	19.85%

Correlation

The correlation between TRV and GD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 22, 1996	0.39

The correlation between TRV and GD shifts across timeframes, from 0.22 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TRV : $64.81B GD : $93.43B
EPS TRV : $33.83 GD : $15.92
PE Ratio TRV : 8.77 GD : 21.41
PEG Ratio TRV : 0.41 GD : 2.71
PS Ratio TRV : 1.36 GD : 1.73
PB Ratio TRV : 2.03 GD : 3.58
Total Revenue (TTM) TRV : $48.94B GD : $53.81B
Gross Profit (TTM) TRV : $16.00B GD : $7.48B
EBITDA (TTM) TRV : $8.15B GD : $6.26B

Return for Risk

TRV vs. GD — Risk / Return Rank

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

TRV

TRV Risk / Return Rank: 60
TRV Sharpe Ratio Rank: 61
TRV Sortino Ratio Rank: 53
TRV Omega Ratio Rank: 51
TRV Calmar Ratio Rank: 66
TRV Martin Ratio Rank: 68

GD

GD Risk / Return Rank: 76
GD Sharpe Ratio Rank: 78
GD Sortino Ratio Rank: 76
GD Omega Ratio Rank: 72
GD Calmar Ratio Rank: 73
GD Martin Ratio Rank: 80

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.

TRV vs. GD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Travelers Companies, Inc. (TRV) and General Dynamics Corporation (GD). 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.

	TRV	GD	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.22	-0.68
Sortino ratio: Return per unit of downside risk	0.89	1.97	-1.08
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	1.22	1.77	-0.54
Martin ratio: Return relative to average drawdown	3.01	6.11	-3.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRV vs. GD - Sharpe Ratio Comparison

The current TRV Sharpe Ratio is 0.54, which is lower than the GD Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of TRV and GD, 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

	TRV	GD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	1.22	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.72	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.51	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.57	-0.18

Drawdowns

TRV vs. GD - Drawdown Comparison

The maximum TRV drawdown since its inception was -55.11%, smaller than the maximum GD drawdown of -75.67%. Use the drawdown chart below to compare losses from any high point for TRV and GD.

Drawdown Indicators

	TRV	GD	Difference
Max Drawdown Largest peak-to-trough decline	-55.11%	-75.67%	+20.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-14.53%	+6.22%
Max Drawdown (3Y) Largest decline over 3 years	-12.47%	-22.55%	+10.08%
Max Drawdown (5Y) Largest decline over 5 years	-18.90%	-22.55%	+3.65%
Max Drawdown (10Y) Largest decline over 10 years	-46.28%	-51.63%	+5.35%
Current Drawdown Current decline from peak	-4.56%	-6.79%	+2.23%
Average Drawdown Average peak-to-trough decline	-11.12%	-15.61%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	4.19%	-0.53%

Volatility

TRV vs. GD - Volatility Comparison

The Travelers Companies, Inc. (TRV) and General Dynamics Corporation (GD) have volatilities of 5.99% and 5.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRV	GD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	5.72%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	17.14%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	21.02%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	20.40%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	22.71%	+1.69%

Dividends

TRV vs. GD - Dividend Comparison

TRV's dividend yield for the trailing twelve months is around 1.48%, less than GD's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GD General Dynamics Corporation	1.79%	1.76%	2.12%	2.01%	2.00%	2.24%	2.90%	2.26%	2.31%	1.61%	1.72%	1.96%
TRV The Travelers Companies, Inc.	1.48%	1.50%	1.72%	2.06%	1.96%	2.23%	2.40%	2.36%	2.53%	2.09%	2.14%	2.11%

Financials

TRV vs. GD - Profitability Comparison

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

TRV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a gross profit of 0.00 and revenue of 11.92B. Therefore, the gross margin over that period was 0.0%.

GD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a gross profit of 1.42B and revenue of 13.48B. Therefore, the gross margin over that period was 10.5%.

TRV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported an operating income of 0.00 and revenue of 11.92B, resulting in an operating margin of 0.0%.

GD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported an operating income of 1.42B and revenue of 13.48B, resulting in an operating margin of 10.5%.

TRV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a net income of 1.71B and revenue of 11.92B, resulting in a net margin of 14.4%.

GD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a net income of 1.13B and revenue of 13.48B, resulting in a net margin of 8.4%.

Frequently Asked Questions

Can I hold both TRV and GD in my portfolio?

TRV and GD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRV or GD?

TRV has higher volatility (5.99%) compared to GD (5.72%). In terms of maximum drawdown, TRV dropped -55.11% vs GD's -75.67%.

Which has better risk-adjusted returns?

GD currently has the higher Sharpe Ratio (1.22 vs 0.54), 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.