AP2.DE vs. ASML

Last updated Jun 5, 2026

AP2.DE (Applied Materials Inc) and ASML (ASML Holding N.V.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, AP2.DE returned 36.36%/yr vs 33.20%/yr for ASML. At a 0.37 correlation, their price movements are largely independent.

Performance

AP2.DE vs. ASML - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Applied Materials Inc (AP2.DE) and ASML Holding N.V. (ASML). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AP2.DE is traded in EUR, while ASML is traded in USD. To make them comparable, the ASML values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AP2.DE achieves a 91.32% return, which is significantly higher than ASML's 57.01% return. Over the past 10 years, AP2.DE has outperformed ASML with an annualized return of 36.36%, while ASML has yielded a comparatively lower 33.20% annualized return.

AP2.DE

• 1D: -0.64%
• 1M: 18.05%
• YTD: 91.32%
• 6M: 84.91%
• 1Y: 200.69%
• 3Y*: 51.80%
• 5Y*: 31.28%
• 10Y*: 36.36%

ASML

• 1D: -5.84%
• 1M: 8.38%
• YTD: 57.01%
• 6M: 51.42%
• 1Y: 119.81%
• 3Y*: 29.89%
• 5Y*: 21.69%
• 10Y*: 33.20%

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

AP2.DE vs. ASML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AP2.DE Applied Materials Inc	91.32%	43.62%	7.60%	67.30%	-36.93%	107.75%	27.25%	101.20%	-35.16%	43.80%
ASML ASML Holding N.V.	57.01%	37.93%	-1.61%	35.71%	-26.18%	76.41%	52.37%	97.94%	-5.56%	37.03%

Correlation

The correlation between AP2.DE and ASML is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.37

Over the past year, AP2.DE and ASML have become more correlated (0.64) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

AP2.DE vs. ASML — Risk / Return Rank

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

AP2.DE

AP2.DE Risk / Return Rank: 97
AP2.DE Sharpe Ratio Rank: 98
AP2.DE Sortino Ratio Rank: 96
AP2.DE Omega Ratio Rank: 95
AP2.DE Calmar Ratio Rank: 97
AP2.DE Martin Ratio Rank: 97

ASML

ASML Risk / Return Rank: 93
ASML Sharpe Ratio Rank: 94
ASML Sortino Ratio Rank: 91
ASML Omega Ratio Rank: 89
ASML Calmar Ratio Rank: 95
ASML Martin Ratio Rank: 94

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.

AP2.DE vs. ASML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Materials Inc (AP2.DE) and ASML Holding N.V. (ASML). 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.

	AP2.DE	ASML	Difference
Sharpe ratio: Return per unit of total volatility	4.58	2.99	+1.59
Sortino ratio: Return per unit of downside risk	4.36	3.45	+0.91
Omega ratio: Gain probability vs. loss probability	1.60	1.43	+0.18
Calmar ratio: Return relative to maximum drawdown	9.08	7.42	+1.66
Martin ratio: Return relative to average drawdown	28.17	18.95	+9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AP2.DE vs. ASML - Sharpe Ratio Comparison

The current AP2.DE Sharpe Ratio is 4.58, which is higher than the ASML Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of AP2.DE and ASML, 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

	AP2.DE	ASML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.58	2.99	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.54	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.88	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.80	-0.46

Drawdowns

AP2.DE vs. ASML - Drawdown Comparison

The maximum AP2.DE drawdown since its inception was -81.29%, which is greater than ASML's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for AP2.DE and ASML.

Drawdown Indicators

	AP2.DE	ASML	Difference
Max Drawdown Largest peak-to-trough decline	-81.29%	-58.22%	-23.07%
Max Drawdown (1Y) Largest decline over 1 year	-22.51%	-16.25%	-6.26%
Max Drawdown (3Y) Largest decline over 3 years	-49.77%	-46.09%	-3.68%
Max Drawdown (5Y) Largest decline over 5 years	-49.77%	-49.06%	-0.71%
Max Drawdown (10Y) Largest decline over 10 years	-49.77%	-49.06%	-0.71%
Current Drawdown Current decline from peak	-0.64%	-5.84%	+5.20%
Average Drawdown Average peak-to-trough decline	-39.96%	-13.93%	-26.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.27%	6.35%	+0.92%

Volatility

AP2.DE vs. ASML - Volatility Comparison

Applied Materials Inc (AP2.DE) has a higher volatility of 14.96% compared to ASML Holding N.V. (ASML) at 14.23%. This indicates that AP2.DE's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AP2.DE	ASML	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.96%	14.23%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	34.05%	31.58%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	44.61%	40.25%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.13%	40.67%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.92%	37.71%	+1.21%

Dividends

AP2.DE vs. ASML - Dividend Comparison

AP2.DE's dividend yield for the trailing twelve months is around 0.33%, less than ASML's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AP2.DE Applied Materials Inc	0.33%	0.61%	0.77%	0.66%	0.93%	0.48%	0.96%	1.17%	1.87%	0.72%	1.09%	0.00%
ASML ASML Holding N.V.	0.54%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%

Financials

Frequently Asked Questions

Can I hold both AP2.DE and ASML in my portfolio?

AP2.DE and ASML have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.