XOS vs. LMT
XOS (Xos, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. Both are in the Industrials sector — XOS in Farm & Heavy Construction Machinery, LMT in Aerospace & Defense. Over the past 3 years, XOS returned -49.11%/yr vs 11.85%/yr for LMT. Their 0.03 correlation means their historical movements had little consistent relationship.
Performance
XOS vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, XOS achieves a 15.75% return, which is significantly lower than LMT's 21.91% return.
XOS
- 1D
- 3.71%
- 1M
- -22.69%
- 6M
- -21.24%
- YTD
- 15.75%
- 1Y
- -29.46%
- 3Y*
- -49.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -62.26%
LMT
- 1D
- 1.50%
- 1M
- 6.75%
- 6M
- -7.03%
- YTD
- 21.91%
- 1Y
- 42.15%
- 3Y*
- 11.85%
- 5Y*
- 12.40%
- 10Y*
- 11.44%
- ALL TIME*
- 12.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $862.45M | $661.19M | $684.61M | |
XOS Xos, Inc. | $175.24K | $248.90K | $15.73M |
XOS vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XOS Xos, Inc. | 15.75% | -44.14% | -59.40% | -39.94% | -85.94% | -63.54% |
LMT Lockheed Martin Corporation | 21.91% | 2.47% | 10.02% | -4.31% | 40.48% | 1.95% |
Correlation
The correlation between XOS and LMT is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2021 | 0.03 |
Fundamentals
XOS:
$21.44M
LMT:
$134.49B
XOS:
-$1.84
LMT:
$27.13
XOS:
0.44
LMT:
1.75
XOS:
1.23
LMT:
15.36
XOS:
$51.34M
LMT:
$77.02B
XOS:
$5.85M
LMT:
$9.09B
XOS:
-$17.36M
LMT:
$9.86B
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Return for Risk
XOS vs. LMT — Risk / Return Rank
XOS
LMT
XOS vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xos, Inc. (XOS) and Lockheed Martin Corporation (LMT). 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.
| XOS | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.58 | -2.01 |
| Martin ratioReturn relative to average drawdown | -0.73 | 3.33 | -4.06 |
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Drawdowns
XOS vs. LMT - Drawdown Comparison
The maximum XOS drawdown since its inception was -99.38%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for XOS and LMT.
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Drawdown Indicators
| XOS | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -79.29% | -20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -73.86% | -26.87% | -46.99% |
Max Drawdown (3Y)Largest decline over 3 years | -90.69% | -31.79% | -58.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.67% | — |
Current DrawdownCurrent decline from peak | -99.19% | -13.32% | -85.87% |
Average DrawdownAverage peak-to-trough decline | -89.25% | -26.82% | -62.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.01% | 12.69% | +31.32% |
Volatility
XOS vs. LMT - Volatility Comparison
Xos, Inc. (XOS) has a higher volatility of 18.60% compared to Lockheed Martin Corporation (LMT) at 12.21%. This indicates that XOS's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XOS | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.60% | 12.21% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 138.41% | 21.67% | +116.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 247.78% | 27.20% | +220.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.50% | 23.76% | +120.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.50% | 24.19% | +120.31% |
Dividends
XOS vs. LMT - Dividend Comparison
XOS has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.34% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
XOS Xos, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
XOS vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Xos, Inc. and Lockheed Martin Corporation. 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
XOS vs. LMT - Profitability Comparison
XOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Xos, Inc. reported a gross profit of 4.33M and revenue of 11.23M. Therefore, the gross margin over that period was 38.6%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported a gross profit of 2.45B and revenue of 20.06B. Therefore, the gross margin over that period was 12.2%.
XOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Xos, Inc. reported an operating income of -4.68M and revenue of 11.23M, resulting in an operating margin of -41.7%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported an operating income of 2.48B and revenue of 20.06B, resulting in an operating margin of 12.4%.
XOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Xos, Inc. reported a net income of -4.95M and revenue of 11.23M, resulting in a net margin of -44.1%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported a net income of 1.84B and revenue of 20.06B, resulting in a net margin of 9.2%.
Frequently Asked Questions
XOS and LMT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOS has higher volatility (18.60%) compared to LMT (12.21%). In terms of maximum drawdown, XOS dropped -99.38% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (1.56 vs -0.13), 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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