AI.PA vs. SAN.PA
AI.PA (L'Air Liquide S.A.) and SAN.PA (Sanofi) are both stocks. AI.PA operates in Chemicals (Basic Materials), while SAN.PA operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, AI.PA returned 20.91%/yr vs 5.46%/yr for SAN.PA. At a 0.49 correlation, their price movements are largely independent.
Performance
AI.PA vs. SAN.PA - Performance Comparison
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Returns By Period
In the year-to-date period, AI.PA achieves a 29.80% return, which is significantly higher than SAN.PA's -2.23% return. Over the past 10 years, AI.PA has outperformed SAN.PA with an annualized return of 20.91%, while SAN.PA has yielded a comparatively lower 5.46% annualized return.
AI.PA
- 1D
- 1.99%
- 1M
- 6.82%
- YTD
- 29.80%
- 6M
- 31.16%
- 1Y
- 12.93%
- 3Y*
- 18.17%
- 5Y*
- 18.75%
- 10Y*
- 20.91%
SAN.PA
- 1D
- 0.38%
- 1M
- 5.32%
- YTD
- -2.23%
- 6M
- -2.94%
- 1Y
- -7.76%
- 3Y*
- -2.17%
- 5Y*
- 1.20%
- 10Y*
- 5.46%
AI.PA vs. SAN.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AI.PA L'Air Liquide S.A. | 29.80% | 4.16% | 10.10% | 35.98% | 7.03% | 17.23% | 9.66% | 45.60% | 6.96% | 24.89% |
SAN.PA Sanofi | -2.23% | -7.87% | 8.77% | 3.64% | 4.92% | 16.86% | -8.97% | 23.41% | 10.36% | -3.49% |
Correlation
The correlation between AI.PA and SAN.PA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006 | 0.49 |
The correlation between AI.PA and SAN.PA shifts across timeframes, from 0.34 (5 years) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AI.PA vs. SAN.PA — Risk / Return Rank
AI.PA
SAN.PA
AI.PA vs. SAN.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L'Air Liquide S.A. (AI.PA) and Sanofi (SAN.PA). 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 | SAN.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.96 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.47 | +1.28 |
| Martin ratioReturn relative to average drawdown | 1.63 | -0.85 | +2.48 |
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Drawdowns
AI.PA vs. SAN.PA - Drawdown Comparison
The maximum AI.PA drawdown since its inception was -36.39%, smaller than the maximum SAN.PA drawdown of -43.30%. Use the drawdown chart below to compare losses from any high point for AI.PA and SAN.PA.
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Drawdown Indicators
| AI.PA | SAN.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -43.30% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -16.18% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -27.80% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -27.80% | +5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -29.28% | -30.35% | +1.07% |
Current DrawdownCurrent decline from peak | -0.07% | -22.98% | +22.91% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -13.52% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 8.92% | -1.17% |
Volatility
AI.PA vs. SAN.PA - Volatility Comparison
L'Air Liquide S.A. (AI.PA) has a higher volatility of 13.87% compared to Sanofi (SAN.PA) at 6.61%. This indicates that AI.PA's price experiences larger fluctuations and is considered to be riskier than SAN.PA 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 | SAN.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 6.61% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.64% | 15.36% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 24.04% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 22.77% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 21.35% | -0.13% |
Dividends
AI.PA vs. SAN.PA - Dividend Comparison
AI.PA's dividend yield for the trailing twelve months is around 2.00%, less than SAN.PA's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AI.PA L'Air Liquide S.A. | 2.00% | 2.27% | 2.04% | 2.03% | 2.41% | 2.39% | 2.68% | 2.54% | 3.58% | 3.29% | 3.86% | 4.09% |
SAN.PA Sanofi | 5.38% | 4.74% | 4.01% | 3.97% | 3.71% | 3.61% | 4.00% | 3.43% | 4.00% | 4.12% | 3.81% | 3.63% |
Financials
AI.PA vs. SAN.PA - Financials Comparison
This section allows you to compare key financial metrics between L'Air Liquide S.A. and Sanofi. 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
AI.PA and SAN.PA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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