BA.L vs. SAABY
BA.L (BAE Systems plc) and SAABY (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, BA.L returned 32.98%/yr vs 52.90%/yr for SAABY. At a 0.31 correlation, their price movements are largely independent.
Performance
BA.L vs. SAABY - Performance Comparison
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Different Trading Currencies
BA.L is traded in GBp, while SAABY is traded in USD. To make them comparable, the SAABY values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BA.L achieves a 15.01% return, which is significantly higher than SAABY's -2.15% return.
BA.L
- 1D
- 1.01%
- 1M
- 0.84%
- YTD
- 15.01%
- 6M
- 16.57%
- 1Y
- 2.85%
- 3Y*
- 30.30%
- 5Y*
- 32.98%
- 10Y*
- 19.00%
SAABY
- 1D
- 1.53%
- 1M
- -2.10%
- YTD
- -2.15%
- 6M
- 4.26%
- 1Y
- 7.99%
- 3Y*
- 57.68%
- 5Y*
- 52.90%
- 10Y*
- —
BA.L vs. SAABY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 15.01% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -1.20% |
SAABY Saab AB (publ) | -2.15% | 157.79% | 42.30% | 39.72% | 87.16% | -48.31% | 67.30% |
Correlation
The correlation between BA.L and SAABY is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020 | 0.31 |
Over the past year, BA.L and SAABY have become more correlated (0.71) than their long-term average of 0.31, meaning their price movements have been converging.
Fundamentals
BA.L:
£59.15B
SAABY:
$30.33B
BA.L:
£1.33
SAABY:
$5.98
BA.L:
14.71
SAABY:
4.69
BA.L:
2.35
SAABY:
0.14
BA.L:
1.08
SAABY:
0.37
BA.L:
5.02
SAABY:
0.68
BA.L:
£54.65B
SAABY:
$82.29B
BA.L:
£4.75B
SAABY:
$17.87B
BA.L:
£7.55B
SAABY:
$9.44B
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Return for Risk
BA.L vs. SAABY — Risk / Return Rank
BA.L
SAABY
BA.L vs. SAABY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and Saab AB (publ) (SAABY). 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.
| BA.L | SAABY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.23 | -0.09 |
| Martin ratioReturn relative to average drawdown | 0.30 | 0.58 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BA.L | SAABY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.17 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.14 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.75 | -0.23 |
Drawdowns
BA.L vs. SAABY - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, smaller than the maximum SAABY drawdown of -54.94%. Use the drawdown chart below to compare losses from any high point for BA.L and SAABY.
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Drawdown Indicators
| BA.L | SAABY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -54.94% | +11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -35.47% | +14.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -35.47% | +14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -35.47% | +14.17% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | — | — |
Current DrawdownCurrent decline from peak | -15.43% | -29.23% | +13.80% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -17.82% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 13.84% | -4.20% |
Volatility
BA.L vs. SAABY - Volatility Comparison
The current volatility for BAE Systems plc (BA.L) is 8.80%, while Saab AB (publ) (SAABY) has a volatility of 15.42%. This indicates that BA.L experiences smaller price fluctuations and is considered to be less risky than SAABY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA.L | SAABY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 15.42% | -6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 23.59% | 31.57% | -7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.97% | 48.44% | -18.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 46.71% | -20.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 57.43% | -32.36% |
Dividends
BA.L vs. SAABY - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 1.86%, more than SAABY's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.86% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
SAABY Saab AB (publ) | 0.42% | 0.36% | 0.73% | 0.84% | 1.24% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BA.L vs. SAABY - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems plc and Saab AB (publ). 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
BA.L vs. SAABY - Profitability Comparison
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
SAABY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported a gross profit of 4.48B and revenue of 19.16B. Therefore, the gross margin over that period was 23.4%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
SAABY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported an operating income of 1.91B and revenue of 19.16B, resulting in an operating margin of 10.0%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
SAABY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported a net income of 1.44B and revenue of 19.16B, resulting in a net margin of 7.5%.
Frequently Asked Questions
BA.L and SAABY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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