1COV.DE vs. SAP

Last updated Jun 5, 2026

1COV.DE (Covestro AG) and SAP (SAP SE) are both stocks. 1COV.DE operates in Specialty Chemicals (Basic Materials), while SAP operates in Software - Application (Technology). At a 0.25 correlation, their price movements are largely independent.

Performance

1COV.DE vs. SAP - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Covestro AG (1COV.DE) and SAP SE (SAP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

1COV.DE is traded in EUR, while SAP is traded in USD. To make them comparable, the SAP values have been converted to EUR using the latest available exchange rates.

Returns By Period

1COV.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SAP

• 1D: 3.44%
• 1M: 9.28%
• YTD: -20.73%
• 6M: -22.23%
• 1Y: -39.48%
• 3Y*: 10.90%
• 5Y*: 8.66%
• 10Y*: 10.05%

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

1COV.DE vs. SAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1COV.DE Covestro AG	0.00%	6.84%	6.61%	44.13%	-27.23%	9.81%	36.74%	0.35%	-48.39%	34.54%
SAP SAP SE	-20.73%	-12.29%	71.91%	47.74%	-19.97%	17.39%	-9.42%	39.51%	-5.82%	15.12%

Correlation

The correlation between 1COV.DE and SAP is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 7, 2015	0.25

The correlation between 1COV.DE and SAP shifts across timeframes, from -0.03 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

1COV.DE vs. SAP — Risk / Return Rank

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

SAP

SAP Risk / Return Rank: 6
SAP Sharpe Ratio Rank: 3
SAP Sortino Ratio Rank: 5
SAP Omega Ratio Rank: 5
SAP Calmar Ratio Rank: 11
SAP Martin Ratio Rank: 8

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.

1COV.DE vs. SAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Covestro AG (1COV.DE) and SAP SE (SAP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	1COV.DE	SAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Drawdowns

Drawdown Indicators

	1COV.DE	SAP	Difference
Max Drawdown Largest peak-to-trough decline	—	-50.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-48.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.00%	—
Current Drawdown Current decline from peak	—	-41.07%	—
Average Drawdown Average peak-to-trough decline	—	-12.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.55%	—

Volatility

Volatility by Period

	1COV.DE	SAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.40%	—

Dividends

1COV.DE vs. SAP - Dividend Comparison

1COV.DE has not paid dividends to shareholders, while SAP's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1COV.DE Covestro AG	0.00%	0.00%	0.00%	0.00%	9.30%	2.40%	7.13%	5.79%	5.09%	1.57%	1.07%	0.00%
SAP SAP SE	1.57%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%

Financials

Frequently Asked Questions

Can I hold both 1COV.DE and SAP in my portfolio?

1COV.DE and SAP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.