ADYEN.AS vs. ^AEX

Last updated Jun 30, 2026

ADYEN.AS (Adyen N.V.) is a stock, while ^AEX (AEX Index) is an index. Over the past 5 years, ADYEN.AS returned -16.65%/yr vs 7.87%/yr for ^AEX. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

ADYEN.AS vs. ^AEX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Adyen N.V. (ADYEN.AS) and AEX Index (^AEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADYEN.AS achieves a -39.71% return, which is significantly lower than ^AEX's 11.99% return.

ADYEN.AS

• 1D: 0.50%
• 1M: -11.74%
• YTD: -39.71%
• 6M: -39.70%
• 1Y: -47.42%
• 3Y*: -19.44%
• 5Y*: -16.65%
• 10Y*: —

^AEX

• 1D: 0.43%
• 1M: 2.94%
• YTD: 11.99%
• 6M: 12.60%
• 1Y: 15.78%
• 3Y*: 11.24%
• 5Y*: 7.87%
• 10Y*: 9.27%

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

ADYEN.AS vs. ^AEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ADYEN.AS Adyen N.V.	-39.71%	-4.31%	23.18%	-9.45%	-44.26%	21.34%	160.60%	53.88%	18.76%
^AEX AEX Index	11.99%	8.27%	11.67%	14.20%	-13.65%	27.75%	3.31%	23.92%	-13.34%

Correlation

The correlation between ADYEN.AS and ^AEX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018	0.56

The correlation between ADYEN.AS and ^AEX shifts across timeframes, from 0.47 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ADYEN.AS vs. ^AEX — Risk / Return Rank

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

ADYEN.AS

ADYEN.AS Risk / Return Rank: 5
ADYEN.AS Sharpe Ratio Rank: 4
ADYEN.AS Sortino Ratio Rank: 6
ADYEN.AS Omega Ratio Rank: 5
ADYEN.AS Calmar Ratio Rank: 5
ADYEN.AS Martin Ratio Rank: 4

^AEX

^AEX Risk / Return Rank: 44
^AEX Sharpe Ratio Rank: 37
^AEX Sortino Ratio Rank: 37
^AEX Omega Ratio Rank: 38
^AEX Calmar Ratio Rank: 65
^AEX Martin Ratio Rank: 45

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.

ADYEN.AS vs. ^AEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adyen N.V. (ADYEN.AS) and AEX Index (^AEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADYEN.AS	^AEX	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	1.16	-2.28
Sortino ratio: Return per unit of downside risk	-1.58	1.68	-3.26
Omega ratio: Gain probability vs. loss probability	0.78	1.21	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.93	2.28	-3.22
Martin ratio: Return relative to average drawdown	-1.70	6.02	-7.72

ADYEN.AS vs. ^AEX - Sharpe Ratio Comparison

The current ADYEN.AS Sharpe Ratio is -1.12, which is lower than the ^AEX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ADYEN.AS and ^AEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADYEN.AS vs. ^AEX - Drawdown Comparison

The maximum ADYEN.AS drawdown since its inception was -77.19%, which is greater than ^AEX's maximum drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for ADYEN.AS and ^AEX.

Drawdown Indicators

	ADYEN.AS	^AEX	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	-71.60%	-5.59%
Max Drawdown (1Y) Largest decline over 1 year	-50.41%	-6.82%	-43.59%
Max Drawdown (3Y) Largest decline over 3 years	-62.67%	-16.03%	-46.64%
Max Drawdown (5Y) Largest decline over 5 years	-77.19%	-23.80%	-53.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.78%	—
Current Drawdown Current decline from peak	-70.03%	-1.62%	-68.41%
Average Drawdown Average peak-to-trough decline	-32.41%	-25.63%	-6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.85%	2.60%	+25.25%

Volatility

ADYEN.AS vs. ^AEX - Volatility Comparison

Adyen N.V. (ADYEN.AS) has a higher volatility of 16.66% compared to AEX Index (^AEX) at 3.50%. This indicates that ADYEN.AS's price experiences larger fluctuations and is considered to be riskier than ^AEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADYEN.AS	^AEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.66%	3.50%	+13.16%
Volatility (6M) Calculated over the trailing 6-month period	38.45%	10.86%	+27.59%
Volatility (1Y) Calculated over the trailing 1-year period	42.24%	13.42%	+28.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.77%	15.43%	+35.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.44%	15.99%	+31.45%

Frequently Asked Questions

Can I hold both ADYEN.AS and ^AEX in my portfolio?

ADYEN.AS and ^AEX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.