AD.AS vs. CSWC

Last updated Jun 5, 2026

AD.AS (Koninklijke Ahold Delhaize N.V.) and CSWC (Capital Southwest Corporation) are both stocks. AD.AS operates in Grocery Stores (Consumer Defensive), while CSWC operates in Asset Management (Financial Services). Over the past 10 years, AD.AS returned 9.26%/yr vs 17.06%/yr for CSWC. At a 0.09 correlation, their price movements are largely independent.

Performance

AD.AS vs. CSWC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Koninklijke Ahold Delhaize N.V. (AD.AS) and Capital Southwest Corporation (CSWC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AD.AS is traded in EUR, while CSWC is traded in USD. To make them comparable, the CSWC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AD.AS achieves a 2.78% return, which is significantly lower than CSWC's 11.73% return. Over the past 10 years, AD.AS has underperformed CSWC with an annualized return of 9.26%, while CSWC has yielded a comparatively higher 17.06% annualized return.

AD.AS

• 1D: -0.11%
• 1M: -8.47%
• YTD: 2.78%
• 6M: 2.37%
• 1Y: 0.38%
• 3Y*: 9.88%
• 5Y*: 11.77%
• 10Y*: 9.26%

CSWC

• 1D: -0.65%
• 1M: -1.36%
• YTD: 11.73%
• 6M: 13.38%
• 1Y: 26.84%
• 3Y*: 17.12%
• 5Y*: 9.86%
• 10Y*: 17.06%

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

AD.AS vs. CSWC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AD.AS Koninklijke Ahold Delhaize N.V.	2.78%	14.66%	25.88%	0.36%	-7.75%	34.77%	7.88%	5.68%	24.37%	-5.69%
CSWC Capital Southwest Corporation	11.73%	0.72%	8.88%	51.42%	-19.96%	69.17%	-9.67%	25.57%	35.60%	-3.52%

Correlation

The correlation between AD.AS and CSWC is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.09

The correlation between AD.AS and CSWC shifts across timeframes, from -0.10 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AD.AS vs. CSWC — Risk / Return Rank

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

AD.AS

AD.AS Risk / Return Rank: 37
AD.AS Sharpe Ratio Rank: 40
AD.AS Sortino Ratio Rank: 33
AD.AS Omega Ratio Rank: 33
AD.AS Calmar Ratio Rank: 40
AD.AS Martin Ratio Rank: 39

CSWC

CSWC Risk / Return Rank: 76
CSWC Sharpe Ratio Rank: 81
CSWC Sortino Ratio Rank: 77
CSWC Omega Ratio Rank: 74
CSWC Calmar Ratio Rank: 72
CSWC Martin Ratio Rank: 77

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.

AD.AS vs. CSWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Koninklijke Ahold Delhaize N.V. (AD.AS) and Capital Southwest Corporation (CSWC). 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.

	AD.AS	CSWC	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.40	-1.43
Sortino ratio: Return per unit of downside risk	0.10	2.05	-1.95
Omega ratio: Gain probability vs. loss probability	1.01	1.25	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.04	1.81	-1.85
Martin ratio: Return relative to average drawdown	-0.11	5.84	-5.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AD.AS vs. CSWC - Sharpe Ratio Comparison

The current AD.AS Sharpe Ratio is -0.03, which is lower than the CSWC Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of AD.AS and CSWC, 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

	AD.AS	CSWC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	1.40	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.43	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.62	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.37	-0.08

Drawdowns

AD.AS vs. CSWC - Drawdown Comparison

The maximum AD.AS drawdown since its inception was -93.13%, which is greater than CSWC's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for AD.AS and CSWC.

Drawdown Indicators

	AD.AS	CSWC	Difference
Max Drawdown Largest peak-to-trough decline	-93.13%	-60.58%	-32.55%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-14.91%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-28.32%	+9.65%
Max Drawdown (5Y) Largest decline over 5 years	-20.69%	-28.32%	+7.63%
Max Drawdown (10Y) Largest decline over 10 years	-30.96%	-60.58%	+29.62%
Current Drawdown Current decline from peak	-15.67%	-2.28%	-13.39%
Average Drawdown Average peak-to-trough decline	-31.23%	-15.72%	-15.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	4.60%	+1.34%

Volatility

AD.AS vs. CSWC - Volatility Comparison

Koninklijke Ahold Delhaize N.V. (AD.AS) and Capital Southwest Corporation (CSWC) have volatilities of 5.19% and 5.45%, 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

	AD.AS	CSWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.45%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	16.53%	14.16%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	19.33%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	23.03%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	27.77%	-7.87%

Dividends

AD.AS vs. CSWC - Dividend Comparison

AD.AS's dividend yield for the trailing twelve months is around 3.52%, less than CSWC's 12.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AD.AS Koninklijke Ahold Delhaize N.V.	3.52%	3.38%	3.52%	4.15%	3.65%	2.75%	4.15%	4.49%	2.85%	3.11%	8.46%	2.46%
CSWC Capital Southwest Corporation	12.70%	11.56%	11.59%	10.21%	12.46%	10.13%	11.49%	13.07%	10.77%	7.01%	2.35%	216.86%

Financials

Frequently Asked Questions

Can I hold both AD.AS and CSWC in my portfolio?

AD.AS and CSWC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.