ADB.DE vs. ADBE
ADB.DE (Adobe Inc) and ADBE (Adobe Inc) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, ADB.DE returned -11.42%/yr vs -12.05%/yr for ADBE. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ADB.DE vs. ADBE - Performance Comparison
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Different Trading Currencies
ADB.DE is traded in EUR, while ADBE is traded in USD. To make them comparable, the ADBE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ADB.DE achieves a -24.51% return, which is significantly higher than ADBE's -26.75% return.
ADB.DE
- 1D
- 2.72%
- 1M
- 5.91%
- YTD
- -24.51%
- 6M
- -23.74%
- 1Y
- -38.32%
- 3Y*
- -17.63%
- 5Y*
- -11.42%
- 10Y*
- —
ADBE
- 1D
- -1.92%
- 1M
- 2.49%
- YTD
- -26.75%
- 6M
- -26.62%
- 1Y
- -39.84%
- 3Y*
- -18.61%
- 5Y*
- -12.05%
- 10Y*
- 9.67%
ADB.DE vs. ADBE - Yearly Performance Comparison
Correlation
The correlation between ADB.DE and ADBE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019 | 0.69 |
The correlation between ADB.DE and ADBE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
ADB.DE vs. ADBE — Risk / Return Rank
ADB.DE
ADBE
ADB.DE vs. ADBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adobe Inc (ADB.DE) and Adobe Inc (ADBE). 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.
| ADB.DE | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.80 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.84 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.40 | +0.09 |
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
| ADB.DE | ADBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.11 | -1.18 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.33 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.32 | -0.38 |
Drawdowns
ADB.DE vs. ADBE - Drawdown Comparison
The maximum ADB.DE drawdown since its inception was -68.81%, roughly equal to the maximum ADBE drawdown of -68.51%. Use the drawdown chart below to compare losses from any high point for ADB.DE and ADBE.
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Drawdown Indicators
| ADB.DE | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.81% | -68.51% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -47.52% | -47.48% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -67.25% | -67.33% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -68.81% | -68.51% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.51% | — |
Current DrawdownCurrent decline from peak | -63.23% | -64.24% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -26.34% | -19.51% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.59% | 28.57% | +0.02% |
Volatility
ADB.DE vs. ADBE - Volatility Comparison
Adobe Inc (ADB.DE) has a higher volatility of 14.82% compared to Adobe Inc (ADBE) at 14.02%. This indicates that ADB.DE's price experiences larger fluctuations and is considered to be riskier than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADB.DE | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.82% | 14.02% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 28.44% | 28.39% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.81% | 33.81% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.64% | 36.13% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.15% | 34.58% | -0.43% |
Dividends
ADB.DE vs. ADBE - Dividend Comparison
Neither ADB.DE nor ADBE has paid dividends to shareholders.
Financials
ADB.DE vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between Adobe Inc and Adobe Inc. 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
ADB.DE and ADBE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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