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 13.44%/yr vs 6.42%/yr for ^FCHI. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
AI.PA vs. ^FCHI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AI.PA achieves a 15.80% return, which is significantly higher than ^FCHI's 1.16% return. Over the past 10 years, AI.PA has outperformed ^FCHI with an annualized return of 13.44%, while ^FCHI has yielded a comparatively lower 6.42% annualized return.
AI.PA
- 1D
- 0.99%
- 1M
- 3.42%
- YTD
- 15.80%
- 6M
- 13.71%
- 1Y
- 0.69%
- 3Y*
- 10.15%
- 5Y*
- 11.35%
- 10Y*
- 13.44%
^FCHI
- 1D
- 1.15%
- 1M
- 2.26%
- YTD
- 1.16%
- 6M
- 1.51%
- 1Y
- 5.63%
- 3Y*
- 4.61%
- 5Y*
- 4.82%
- 10Y*
- 6.42%
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. | 15.80% | 3.97% | -0.27% | 35.46% | -3.28% | 16.46% | 8.83% | 30.94% | 5.75% | 11.92% |
^FCHI CAC 40 | 1.16% | 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 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 1991 | 0.68 |
The correlation between AI.PA and ^FCHI shifts across timeframes, from 0.56 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.08 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.50 | -0.46 |
| Martin ratioReturn relative to average drawdown | 0.09 | 1.47 | -1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.39 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.29 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.36 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.21 | +0.25 |
Drawdowns
AI.PA vs. ^FCHI - Drawdown Comparison
The maximum AI.PA drawdown since its inception was -39.43%, 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.
Loading charts...
Drawdown Indicators
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.43% | -65.29% | +25.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -11.08% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -16.71% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -23.04% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -29.28% | -38.56% | +9.28% |
Current DrawdownCurrent decline from peak | -1.57% | -4.37% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -23.50% | +16.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 3.80% | +4.28% |
Volatility
AI.PA vs. ^FCHI - Volatility Comparison
L'Air Liquide S.A. (AI.PA) has a higher volatility of 5.72% compared to CAC 40 (^FCHI) at 4.33%. 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.
Loading charts...
Volatility by Period
| AI.PA | ^FCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 4.33% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 11.19% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 14.20% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 16.42% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 17.71% | +1.69% |
Frequently Asked Questions
AI.PA and ^FCHI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for AI.PA and ^FCHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer