AM.PA vs. BX

Last updated Jun 9, 2026

AM.PA (Dassault Aviation SA) and BX (Blackstone Inc.) are both stocks. AM.PA operates in Aerospace & Defense (Industrials), while BX operates in Asset Management (Financial Services). Over the past 10 years, AM.PA returned 18.62%/yr vs 20.91%/yr for BX. At a 0.13 correlation, their price movements are largely independent.

Performance

AM.PA vs. BX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Dassault Aviation SA (AM.PA) and Blackstone Inc. (BX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AM.PA is traded in EUR, while BX is traded in USD. To make them comparable, the BX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AM.PA achieves a 11.44% return, which is significantly higher than BX's -22.97% return. Over the past 10 years, AM.PA has underperformed BX with an annualized return of 18.62%, while BX has yielded a comparatively higher 20.91% annualized return.

AM.PA

• 1D: 0.54%
• 1M: 5.22%
• YTD: 11.44%
• 6M: 13.01%
• 1Y: -3.19%
• 3Y*: 23.74%
• 5Y*: 25.74%
• 10Y*: 18.62%

BX

• 1D: -1.12%
• 1M: -5.73%
• YTD: -22.97%
• 6M: -22.29%
• 1Y: -16.77%
• 3Y*: 9.82%
• 5Y*: 8.71%
• 10Y*: 20.91%

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

AM.PA vs. BX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AM.PA Dassault Aviation SA	11.44%	40.99%	11.84%	15.24%	69.25%	21.19%	-23.33%	16.42%	2.71%	34.38%
BX Blackstone Inc.	-22.97%	-18.78%	43.99%	77.27%	-36.29%	122.60%	9.90%	100.76%	4.80%	11.69%

Correlation

The correlation between AM.PA and BX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.13

The correlation between AM.PA and BX shifts across timeframes, from 0.04 (5 years) to 0.14 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

AM.PA vs. BX — Risk / Return Rank

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

AM.PA

AM.PA Risk / Return Rank: 39
AM.PA Sharpe Ratio Rank: 41
AM.PA Sortino Ratio Rank: 36
AM.PA Omega Ratio Rank: 35
AM.PA Calmar Ratio Rank: 41
AM.PA Martin Ratio Rank: 41

BX

BX Risk / Return Rank: 25
BX Sharpe Ratio Rank: 22
BX Sortino Ratio Rank: 22
BX Omega Ratio Rank: 22
BX Calmar Ratio Rank: 30
BX Martin Ratio Rank: 30

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.

AM.PA vs. BX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dassault Aviation SA (AM.PA) and Blackstone Inc. (BX). 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.

	AM.PA	BX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	-0.49	+0.46
Sortino ratio: Return per unit of downside risk	0.17	-0.50	+0.67
Omega ratio: Gain probability vs. loss probability	1.02	0.94	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.05	-0.39	+0.34
Martin ratio: Return relative to average drawdown	-0.10	-0.72	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AM.PA vs. BX - Sharpe Ratio Comparison

The current AM.PA Sharpe Ratio is -0.03, which is higher than the BX Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of AM.PA and BX, 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

	AM.PA	BX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	-0.49	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.23	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.59	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.37	+0.25

Drawdowns

AM.PA vs. BX - Drawdown Comparison

The maximum AM.PA drawdown since its inception was -55.76%, smaller than the maximum BX drawdown of -83.44%. Use the drawdown chart below to compare losses from any high point for AM.PA and BX.

Drawdown Indicators

	AM.PA	BX	Difference
Max Drawdown Largest peak-to-trough decline	-55.76%	-83.44%	+27.68%
Max Drawdown (1Y) Largest decline over 1 year	-20.80%	-43.45%	+22.65%
Max Drawdown (3Y) Largest decline over 3 years	-22.02%	-51.58%	+29.56%
Max Drawdown (5Y) Largest decline over 5 years	-29.32%	-51.58%	+22.26%
Max Drawdown (10Y) Largest decline over 10 years	-55.76%	-51.58%	-4.18%
Current Drawdown Current decline from peak	-13.66%	-45.45%	+31.79%
Average Drawdown Average peak-to-trough decline	-12.09%	-22.33%	+10.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.99%	23.29%	-13.30%

Volatility

AM.PA vs. BX - Volatility Comparison

The current volatility for Dassault Aviation SA (AM.PA) is 7.68%, while Blackstone Inc. (BX) has a volatility of 11.16%. This indicates that AM.PA experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AM.PA	BX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	11.16%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	24.18%	28.00%	-3.82%
Volatility (1Y) Calculated over the trailing 1-year period	30.98%	34.40%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.15%	38.58%	-9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.99%	35.58%	-5.59%

Dividends

AM.PA vs. BX - Dividend Comparison

AM.PA's dividend yield for the trailing twelve months is around 1.59%, less than BX's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AM.PA Dassault Aviation SA	1.59%	1.72%	1.71%	1.67%	1.57%	12.95%	0.00%	18.12%	12.64%	9.32%	11.40%	8.72%
BX Blackstone Inc.	4.35%	3.04%	2.00%	2.54%	6.66%	2.76%	2.95%	3.43%	8.12%	7.25%	6.14%	11.76%

Financials

Frequently Asked Questions

Can I hold both AM.PA and BX in my portfolio?

AM.PA and BX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.