AIR.PA vs. RR.L

Last updated Jun 5, 2026

AIR.PA (Airbus SE) and RR.L (Rolls-Royce Holdings PLC) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AIR.PA returned 14.28%/yr vs 19.37%/yr for RR.L. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

AIR.PA vs. RR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Airbus SE (AIR.PA) and Rolls-Royce Holdings PLC (RR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIR.PA is traded in EUR, while RR.L is traded in GBp. To make them comparable, the RR.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIR.PA achieves a -9.14% return, which is significantly lower than RR.L's 11.16% return. Over the past 10 years, AIR.PA has underperformed RR.L with an annualized return of 14.28%, while RR.L has yielded a comparatively higher 19.37% annualized return.

AIR.PA

• 1D: 4.55%
• 1M: -1.60%
• YTD: -9.14%
• 6M: -8.99%
• 1Y: 9.03%
• 3Y*: 13.73%
• 5Y*: 11.77%
• 10Y*: 14.28%

RR.L

• 1D: 0.00%
• 1M: 3.36%
• YTD: 11.16%
• 6M: 15.56%
• 1Y: 39.96%
• 3Y*: 104.02%
• 5Y*: 62.60%
• 10Y*: 19.37%

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

AIR.PA vs. RR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIR.PA Airbus SE	-9.14%	31.06%	11.99%	27.70%	0.22%	25.15%	-31.19%	57.60%	2.84%	34.63%
RR.L Rolls-Royce Holdings PLC	11.00%	94.10%	98.88%	228.38%	-28.06%	17.64%	-55.13%	-11.21%	-1.85%	22.40%

Correlation

The correlation between AIR.PA and RR.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.53

The correlation between AIR.PA and RR.L shifts across timeframes, from 0.53 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AIR.PA vs. RR.L — Risk / Return Rank

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

AIR.PA

AIR.PA Risk / Return Rank: 46
AIR.PA Sharpe Ratio Rank: 49
AIR.PA Sortino Ratio Rank: 43
AIR.PA Omega Ratio Rank: 42
AIR.PA Calmar Ratio Rank: 47
AIR.PA Martin Ratio Rank: 48

RR.L

RR.L Risk / Return Rank: 76
RR.L Sharpe Ratio Rank: 77
RR.L Sortino Ratio Rank: 74
RR.L Omega Ratio Rank: 71
RR.L Calmar Ratio Rank: 78
RR.L Martin Ratio Rank: 81

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.

AIR.PA vs. RR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airbus SE (AIR.PA) and Rolls-Royce Holdings PLC (RR.L). 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.

	AIR.PA	RR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.21	1.09	-0.88
Sortino ratio: Return per unit of downside risk	0.50	1.76	-1.25
Omega ratio: Gain probability vs. loss probability	1.06	1.21	-0.15
Calmar ratio: Return relative to maximum drawdown	0.21	2.12	-1.91
Martin ratio: Return relative to average drawdown	0.48	5.83	-5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIR.PA vs. RR.L - Sharpe Ratio Comparison

The current AIR.PA Sharpe Ratio is 0.21, which is lower than the RR.L Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of AIR.PA and RR.L, 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

	AIR.PA	RR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	1.09	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	1.47	-1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.39	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.24	+0.05

Drawdowns

AIR.PA vs. RR.L - Drawdown Comparison

The maximum AIR.PA drawdown since its inception was -75.05%, smaller than the maximum RR.L drawdown of -91.10%. Use the drawdown chart below to compare losses from any high point for AIR.PA and RR.L.

Drawdown Indicators

	AIR.PA	RR.L	Difference
Max Drawdown Largest peak-to-trough decline	-75.05%	-91.10%	+16.05%
Max Drawdown (1Y) Largest decline over 1 year	-27.71%	-18.74%	-8.97%
Max Drawdown (3Y) Largest decline over 3 years	-27.71%	-23.57%	-4.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-56.76%	+29.05%
Max Drawdown (10Y) Largest decline over 10 years	-64.70%	-89.60%	+24.90%
Current Drawdown Current decline from peak	-18.13%	-6.52%	-11.61%
Average Drawdown Average peak-to-trough decline	-22.55%	-31.91%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.26%	6.84%	+5.42%

Volatility

AIR.PA vs. RR.L - Volatility Comparison

The current volatility for Airbus SE (AIR.PA) is 10.94%, while Rolls-Royce Holdings PLC (RR.L) has a volatility of 11.81%. This indicates that AIR.PA experiences smaller price fluctuations and is considered to be less risky than RR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIR.PA	RR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.94%	11.81%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	23.68%	31.23%	-7.55%
Volatility (1Y) Calculated over the trailing 1-year period	28.51%	36.54%	-8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.65%	42.64%	-13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.70%	49.47%	-14.77%

Dividends

AIR.PA vs. RR.L - Dividend Comparison

AIR.PA's dividend yield for the trailing twelve months is around 1.81%, more than RR.L's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIR.PA Airbus SE	1.81%	1.51%	1.16%	1.29%	1.35%	0.00%	0.00%	1.26%	1.79%	1.63%	2.07%	1.94%
RR.L Rolls-Royce Holdings PLC	0.75%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	1.71%	1.41%	0.54%	1.75%	4.06%

Financials

Frequently Asked Questions

Can I hold both AIR.PA and RR.L in my portfolio?

AIR.PA and RR.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.