ABCA.PA vs. LDO.MI
ABCA.PA (ABC arbitrage SA) and LDO.MI (Leonardo S.p.A.) are both stocks. ABCA.PA operates in Asset Management (Financial Services), while LDO.MI operates in Aerospace & Defense (Industrials). Over the past 10 years, ABCA.PA returned 4.33%/yr vs 18.81%/yr for LDO.MI. At a 0.12 correlation, their price movements are largely independent.
Performance
ABCA.PA vs. LDO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, ABCA.PA achieves a 0.37% return, which is significantly lower than LDO.MI's 3.48% return. Over the past 10 years, ABCA.PA has underperformed LDO.MI with an annualized return of 4.33%, while LDO.MI has yielded a comparatively higher 18.81% annualized return.
ABCA.PA
- 1D
- 0.57%
- 1M
- 0.76%
- YTD
- 0.37%
- 6M
- 0.19%
- 1Y
- -11.51%
- 3Y*
- 1.96%
- 5Y*
- 1.09%
- 10Y*
- 4.33%
LDO.MI
- 1D
- -2.81%
- 1M
- -3.62%
- YTD
- 3.48%
- 6M
- 8.86%
- 1Y
- -5.58%
- 3Y*
- 71.01%
- 5Y*
- 49.55%
- 10Y*
- 18.81%
ABCA.PA vs. LDO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABCA.PA ABC arbitrage SA | 0.37% | 19.60% | 6.72% | -19.95% | -4.30% | 6.70% | 13.63% | 17.74% | 2.70% | -9.27% |
LDO.MI Leonardo S.p.A. | 3.48% | 91.71% | 75.81% | 87.64% | 29.81% | 6.60% | -42.19% | 38.03% | -21.39% | -24.95% |
Correlation
The correlation between ABCA.PA and LDO.MI 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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 1999 | 0.12 |
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Return for Risk
ABCA.PA vs. LDO.MI — Risk / Return Rank
ABCA.PA
LDO.MI
ABCA.PA vs. LDO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ABC arbitrage SA (ABCA.PA) and Leonardo S.p.A. (LDO.MI). 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.
| ABCA.PA | LDO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.01 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.23 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.49 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABCA.PA | LDO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.14 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 1.38 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.49 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.18 | +0.10 |
Drawdowns
ABCA.PA vs. LDO.MI - Drawdown Comparison
The maximum ABCA.PA drawdown since its inception was -89.34%, roughly equal to the maximum LDO.MI drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for ABCA.PA and LDO.MI.
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Drawdown Indicators
| ABCA.PA | LDO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.34% | -90.12% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.71% | -23.76% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -39.00% | -23.76% | -15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -47.12% | -33.70% | -13.42% |
Max Drawdown (10Y)Largest decline over 10 years | -47.12% | -73.16% | +26.04% |
Current DrawdownCurrent decline from peak | -13.01% | -20.84% | +7.83% |
Average DrawdownAverage peak-to-trough decline | -23.26% | -52.88% | +29.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 11.51% | -0.20% |
Volatility
ABCA.PA vs. LDO.MI - Volatility Comparison
The current volatility for ABC arbitrage SA (ABCA.PA) is 4.13%, while Leonardo S.p.A. (LDO.MI) has a volatility of 11.81%. This indicates that ABCA.PA experiences smaller price fluctuations and is considered to be less risky than LDO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABCA.PA | LDO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 11.81% | -7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 29.78% | -14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 41.26% | -22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 35.64% | -16.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 37.74% | -18.94% |
Dividends
ABCA.PA vs. LDO.MI - Dividend Comparison
ABCA.PA's dividend yield for the trailing twelve months is around 6.39%, more than LDO.MI's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABCA.PA ABC arbitrage SA | 6.39% | 6.30% | 6.26% | 8.53% | 6.20% | 8.12% | 4.55% | 6.42% | 6.58% | 3.82% | 6.55% | 7.80% |
LDO.MI Leonardo S.p.A. | 1.02% | 1.06% | 1.08% | 0.94% | 1.74% | 0.00% | 2.37% | 1.34% | 1.82% | 1.41% | 0.00% | 0.00% |
Financials
ABCA.PA vs. LDO.MI - Financials Comparison
This section allows you to compare key financial metrics between ABC arbitrage SA and Leonardo S.p.A.. 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
ABCA.PA and LDO.MI 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.
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