AKZA.AS vs. PPG

Last updated Jun 5, 2026

AKZA.AS (Akzo Nobel N.V.) and PPG (PPG Industries, Inc.) are both stocks. Both operate in the Specialty Chemicals industry within the Basic Materials sector. Over the past 10 years, AKZA.AS returned 3.06%/yr vs 2.02%/yr for PPG. At a 0.36 correlation, their price movements are largely independent.

Performance

AKZA.AS vs. PPG - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Akzo Nobel N.V. (AKZA.AS) and PPG Industries, Inc. (PPG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AKZA.AS is traded in EUR, while PPG is traded in USD. To make them comparable, the PPG values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AKZA.AS achieves a -1.46% return, which is significantly lower than PPG's 11.88% return. Over the past 10 years, AKZA.AS has outperformed PPG with an annualized return of 3.06%, while PPG has yielded a comparatively lower 2.02% annualized return.

AKZA.AS

• 1D: 2.95%
• 1M: 15.15%
• YTD: -1.46%
• 6M: 6.15%
• 1Y: -0.70%
• 3Y*: -4.52%
• 5Y*: -9.14%
• 10Y*: 3.06%

PPG

• 1D: 0.37%
• 1M: 6.61%
• YTD: 11.88%
• 6M: 12.88%
• 1Y: 0.97%
• 3Y*: -7.10%
• 5Y*: -6.53%
• 10Y*: 2.02%

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

AKZA.AS vs. PPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AKZA.AS Akzo Nobel N.V.	-1.46%	5.79%	-19.99%	22.92%	-33.46%	12.01%	-0.41%	38.46%	-0.58%	32.83%
PPG PPG Industries, Inc.	11.88%	-22.40%	-13.08%	17.56%	-21.10%	30.35%	1.00%	35.81%	-6.82%	9.85%

Correlation

The correlation between AKZA.AS and PPG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007	0.36

The correlation between AKZA.AS and PPG shifts across timeframes, from 0.36 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AKZA.AS vs. PPG — Risk / Return Rank

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

AKZA.AS

AKZA.AS Risk / Return Rank: 39
AKZA.AS Sharpe Ratio Rank: 40
AKZA.AS Sortino Ratio Rank: 36
AKZA.AS Omega Ratio Rank: 37
AKZA.AS Calmar Ratio Rank: 40
AKZA.AS Martin Ratio Rank: 40

PPG

PPG Risk / Return Rank: 42
PPG Sharpe Ratio Rank: 44
PPG Sortino Ratio Rank: 39
PPG Omega Ratio Rank: 38
PPG Calmar Ratio Rank: 44
PPG Martin Ratio Rank: 44

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.

AKZA.AS vs. PPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Akzo Nobel N.V. (AKZA.AS) and PPG Industries, Inc. (PPG). 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.

	AKZA.AS	PPG	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.04	-0.05
Sortino ratio: Return per unit of downside risk	0.25	0.25	0.00
Omega ratio: Gain probability vs. loss probability	1.04	1.03	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.03	0.04	-0.07
Martin ratio: Return relative to average drawdown	-0.07	0.08	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AKZA.AS vs. PPG - Sharpe Ratio Comparison

The current AKZA.AS Sharpe Ratio is -0.02, which is lower than the PPG Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of AKZA.AS and PPG, 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

	AKZA.AS	PPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.04	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	-0.25	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.07	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.34	-0.06

Drawdowns

AKZA.AS vs. PPG - Drawdown Comparison

The maximum AKZA.AS drawdown since its inception was -70.01%, which is greater than PPG's maximum drawdown of -56.87%. Use the drawdown chart below to compare losses from any high point for AKZA.AS and PPG.

Drawdown Indicators

	AKZA.AS	PPG	Difference
Max Drawdown Largest peak-to-trough decline	-70.01%	-56.87%	-13.14%
Max Drawdown (1Y) Largest decline over 1 year	-23.34%	-23.74%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-35.35%	-37.21%	+1.86%
Max Drawdown (5Y) Largest decline over 5 years	-50.25%	-41.88%	-8.37%
Max Drawdown (10Y) Largest decline over 10 years	-50.25%	-44.28%	-5.97%
Current Drawdown Current decline from peak	-38.64%	-30.64%	-8.00%
Average Drawdown Average peak-to-trough decline	-19.34%	-13.39%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.51%	11.93%	-2.42%

Volatility

AKZA.AS vs. PPG - Volatility Comparison

Akzo Nobel N.V. (AKZA.AS) has a higher volatility of 27.89% compared to PPG Industries, Inc. (PPG) at 8.12%. This indicates that AKZA.AS's price experiences larger fluctuations and is considered to be riskier than PPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AKZA.AS	PPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.89%	8.12%	+19.77%
Volatility (6M) Calculated over the trailing 6-month period	34.11%	22.20%	+11.91%
Volatility (1Y) Calculated over the trailing 1-year period	37.07%	27.67%	+9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.15%	26.30%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.53%	27.05%	-1.52%

Dividends

AKZA.AS vs. PPG - Dividend Comparison

AKZA.AS's dividend yield for the trailing twelve months is around 3.50%, more than PPG's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AKZA.AS Akzo Nobel N.V.	3.50%	3.34%	3.42%	2.65%	3.16%	2.03%	2.19%	15.61%	3.28%	8.00%	2.64%	2.38%
PPG PPG Industries, Inc.	2.54%	2.71%	2.23%	1.70%	1.92%	1.31%	1.46%	1.48%	1.82%	1.46%	1.65%	1.43%

Financials

Frequently Asked Questions

Can I hold both AKZA.AS and PPG in my portfolio?

AKZA.AS and PPG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.