AI.PA vs. ^FCHI
AI.PA (L'Air Liquide S.A.) is a stock, while ^FCHI (CAC 40) is an index. Over the past 10 years, AI.PA returned 20.90%/yr vs 7.00%/yr for ^FCHI. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
AI.PA vs. ^FCHI - Performance Comparison
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Returns By Period
In the year-to-date period, AI.PA achieves a 35.97% return, which is significantly higher than ^FCHI's 3.12% return. Over the past 10 years, AI.PA has outperformed ^FCHI with an annualized return of 20.90%, while ^FCHI has yielded a comparatively lower 7.00% annualized return.
AI.PA
- 1D
- 1.74%
- 1M
- 9.31%
- YTD
- 35.97%
- 6M
- 35.97%
- 1Y
- 23.99%
- 3Y*
- 18.70%
- 5Y*
- 18.61%
- 10Y*
- 20.90%
^FCHI
- 1D
- 0.44%
- 1M
- 3.16%
- YTD
- 3.12%
- 6M
- 3.12%
- 1Y
- 9.68%
- 3Y*
- 4.33%
- 5Y*
- 5.10%
- 10Y*
- 7.00%
AI.PA vs. ^FCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AI.PA L'Air Liquide S.A. | 35.97% | 4.16% | 10.10% | 35.98% | 7.03% | 17.23% | 9.66% | 45.60% | 6.96% | 24.89% |
^FCHI CAC 40 | 3.12% | 10.42% | -2.15% | 16.52% | -9.50% | 28.85% | -7.14% | 26.37% | -10.95% | 9.26% |
Correlation
The correlation between AI.PA and ^FCHI is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2006 | 0.73 |
Over the past year, the correlation between AI.PA and ^FCHI has dropped to 0.51 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
AI.PA vs. ^FCHI — Risk / Return Rank
AI.PA
^FCHI
AI.PA vs. ^FCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L'Air Liquide S.A. (AI.PA) and CAC 40 (^FCHI). 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.
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 0.86 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.12 | 2.48 | +0.65 |
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Drawdowns
AI.PA vs. ^FCHI - Drawdown Comparison
The maximum AI.PA drawdown since its inception was -36.39%, smaller than the maximum ^FCHI drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for AI.PA and ^FCHI.
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Drawdown Indicators
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -65.29% | +28.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -11.08% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -16.71% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -23.04% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -29.28% | -38.56% | +9.28% |
Current DrawdownCurrent decline from peak | 0.00% | -2.52% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -24.42% | +18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 3.86% | +3.77% |
Volatility
AI.PA vs. ^FCHI - Volatility Comparison
L'Air Liquide S.A. (AI.PA) has a higher volatility of 13.60% compared to CAC 40 (^FCHI) at 3.05%. This indicates that AI.PA's price experiences larger fluctuations and is considered to be riskier than ^FCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.60% | 3.05% | +10.55% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 11.34% | +10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 14.08% | +10.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 16.41% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 17.42% | +3.69% |
Frequently Asked Questions
AI.PA and ^FCHI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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