ABF.L vs. BA.L
ABF.L (Associated British Foods plc) and BA.L (BAE Systems plc) are both stocks. ABF.L operates in Packaged Foods (Consumer Defensive), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, ABF.L returned -2.11%/yr vs 19.00%/yr for BA.L. At a 0.26 correlation, their price movements are largely independent.
Performance
ABF.L vs. BA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ABF.L achieves a -11.43% return, which is significantly lower than BA.L's 15.01% return. Over the past 10 years, ABF.L has underperformed BA.L with an annualized return of -2.11%, while BA.L has yielded a comparatively higher 19.00% annualized return.
ABF.L
- 1D
- -0.05%
- 1M
- 3.51%
- YTD
- -11.43%
- 6M
- -9.51%
- 1Y
- -6.56%
- 3Y*
- 3.45%
- 5Y*
- -1.61%
- 10Y*
- -2.11%
BA.L
- 1D
- 1.01%
- 1M
- 0.84%
- YTD
- 15.01%
- 6M
- 16.57%
- 1Y
- 2.85%
- 3Y*
- 30.30%
- 5Y*
- 32.98%
- 10Y*
- 19.00%
ABF.L vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABF.L Associated British Foods plc | -11.43% | 7.28% | -10.17% | 54.26% | -19.40% | -9.43% | -12.86% | 29.56% | -26.12% | 4.19% |
BA.L BAE Systems plc | 15.01% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
Correlation
The correlation between ABF.L and BA.L is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2006 | 0.26 |
The correlation between ABF.L and BA.L shifts across timeframes, from -0.09 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ABF.L:
£13.23B
BA.L:
£59.15B
ABF.L:
£3.19
BA.L:
£1.33
ABF.L:
5.85
BA.L:
14.71
ABF.L:
0.20
BA.L:
2.35
ABF.L:
0.34
BA.L:
1.08
ABF.L:
1.15
BA.L:
5.02
ABF.L:
£39.27B
BA.L:
£54.65B
ABF.L:
£3.18B
BA.L:
£4.75B
ABF.L:
£4.95B
BA.L:
£7.55B
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Return for Risk
ABF.L vs. BA.L — Risk / Return Rank
ABF.L
BA.L
ABF.L vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Associated British Foods plc (ABF.L) and BAE Systems plc (BA.L). 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.
| ABF.L | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.13 | -0.42 |
| Martin ratioReturn relative to average drawdown | -0.50 | 0.30 | -0.80 |
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
| ABF.L | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.10 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 1.28 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.76 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.52 | -0.27 |
Drawdowns
ABF.L vs. BA.L - Drawdown Comparison
The maximum ABF.L drawdown since its inception was -61.94%, which is greater than BA.L's maximum drawdown of -43.67%. Use the drawdown chart below to compare losses from any high point for ABF.L and BA.L.
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Drawdown Indicators
| ABF.L | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -43.67% | -18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -23.21% | -21.30% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -31.10% | -21.30% | -9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -46.34% | -21.30% | -25.04% |
Max Drawdown (10Y)Largest decline over 10 years | -60.35% | -37.80% | -22.55% |
Current DrawdownCurrent decline from peak | -34.97% | -15.43% | -19.54% |
Average DrawdownAverage peak-to-trough decline | -19.70% | -12.73% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.06% | 9.64% | +3.42% |
Volatility
ABF.L vs. BA.L - Volatility Comparison
The current volatility for Associated British Foods plc (ABF.L) is 5.62%, while BAE Systems plc (BA.L) has a volatility of 8.80%. This indicates that ABF.L experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABF.L | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 8.80% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.86% | 23.59% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.22% | 29.97% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 25.82% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.04% | 25.07% | +2.97% |
Dividends
ABF.L vs. BA.L - Dividend Comparison
ABF.L's dividend yield for the trailing twelve months is around 3.38%, more than BA.L's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABF.L Associated British Foods plc | 3.38% | 2.96% | 4.41% | 2.53% | 2.77% | 2.02% | 0.00% | 1.78% | 2.20% | 1.45% | 1.34% | 1.05% |
BA.L BAE Systems plc | 1.86% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
Financials
ABF.L vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Associated British Foods plc and BAE Systems plc. 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
ABF.L vs. BA.L - Profitability Comparison
ABF.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Associated British Foods plc reported a gross profit of 638.00M and revenue of 9.47B. Therefore, the gross margin over that period was 6.7%.
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
ABF.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Associated British Foods plc reported an operating income of 638.00M and revenue of 9.47B, resulting in an operating margin of 6.7%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
ABF.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Associated British Foods plc reported a net income of 445.00M and revenue of 9.47B, resulting in a net margin of 4.7%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
Frequently Asked Questions
ABF.L and BA.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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