AENA.MC vs. FER.AS

Last updated Jun 5, 2026

AENA.MC (Aena SA) and FER.AS (Ferrovial SE) are both stocks. Both are in the Industrials sector — AENA.MC in Airports & Air Services, FER.AS in Infrastructure Operations. Over the past year, AENA.MC returned 4.12% vs 31.33% for FER.AS. At a 0.20 correlation, their price movements are largely independent.

Performance

AENA.MC vs. FER.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Aena SA (AENA.MC) and Ferrovial SE (FER.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AENA.MC achieves a 6.05% return, which is significantly higher than FER.AS's 3.96% return.

AENA.MC

• 1D: 0.66%
• 1M: 3.30%
• YTD: 6.05%
• 6M: 9.49%
• 1Y: 4.12%
• 3Y*: 23.30%
• 5Y*: 14.65%
• 10Y*: 9.91%

FER.AS

• 1D: -0.07%
• 1M: -4.01%
• YTD: 3.96%
• 6M: 0.69%
• 1Y: 31.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AENA.MC vs. FER.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AENA.MC Aena SA	6.05%	25.21%	24.57%	11.18%
FER.AS Ferrovial SE	3.96%	40.71%	24.16%	12.52%

Correlation

The correlation between AENA.MC and FER.AS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 19, 2023	0.20

The correlation between AENA.MC and FER.AS shifts across timeframes, from 0.20 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AENA.MC vs. FER.AS — Risk / Return Rank

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

AENA.MC

AENA.MC Risk / Return Rank: 46
AENA.MC Sharpe Ratio Rank: 50
AENA.MC Sortino Ratio Rank: 42
AENA.MC Omega Ratio Rank: 41
AENA.MC Calmar Ratio Rank: 48
AENA.MC Martin Ratio Rank: 49

FER.AS

FER.AS Risk / Return Rank: 67
FER.AS Sharpe Ratio Rank: 67
FER.AS Sortino Ratio Rank: 61
FER.AS Omega Ratio Rank: 62
FER.AS Calmar Ratio Rank: 71
FER.AS Martin Ratio Rank: 74

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.

AENA.MC vs. FER.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aena SA (AENA.MC) and Ferrovial SE (FER.AS). 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.

	AENA.MC	FER.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.83	-0.59
Sortino ratio: Return per unit of downside risk	0.47	1.30	-0.83
Omega ratio: Gain probability vs. loss probability	1.06	1.17	-0.11
Calmar ratio: Return relative to maximum drawdown	0.28	1.64	-1.36
Martin ratio: Return relative to average drawdown	0.59	4.63	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AENA.MC vs. FER.AS - Sharpe Ratio Comparison

The current AENA.MC Sharpe Ratio is 0.23, which is lower than the FER.AS Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of AENA.MC and FER.AS, 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

	AENA.MC	FER.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.83	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.68	-0.17

Drawdowns

AENA.MC vs. FER.AS - Drawdown Comparison

The maximum AENA.MC drawdown since its inception was -48.39%, which is greater than FER.AS's maximum drawdown of -16.10%. Use the drawdown chart below to compare losses from any high point for AENA.MC and FER.AS.

Drawdown Indicators

	AENA.MC	FER.AS	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-16.10%	-32.29%
Max Drawdown (1Y) Largest decline over 1 year	-18.14%	-15.40%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.39%	—	—
Current Drawdown Current decline from peak	-12.32%	-8.82%	-3.50%
Average Drawdown Average peak-to-trough decline	-12.31%	-4.43%	-7.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.57%	5.51%	+3.06%

Volatility

AENA.MC vs. FER.AS - Volatility Comparison

The current volatility for Aena SA (AENA.MC) is 8.08%, while Ferrovial SE (FER.AS) has a volatility of 10.00%. This indicates that AENA.MC experiences smaller price fluctuations and is considered to be less risky than FER.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AENA.MC	FER.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	10.00%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	16.91%	20.13%	-3.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	30.97%	-9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	39.37%	-16.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.60%	39.37%	-12.77%

Dividends

AENA.MC vs. FER.AS - Dividend Comparison

AENA.MC's dividend yield for the trailing twelve months is around 3.62%, more than FER.AS's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AENA.MC Aena SA	3.62%	3.32%	3.14%	2.34%	0.00%	0.00%	0.00%	3.29%	3.88%	1.84%	1.69%
FER.AS Ferrovial SE	1.95%	1.58%	1.99%	2.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AENA.MC and FER.AS in my portfolio?

AENA.MC and FER.AS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.