BA.L vs. SMIN.L
BA.L (BAE Systems plc) and SMIN.L (Smiths Group PLC) are both stocks. Both are in the Industrials sector — BA.L in Aerospace & Defense, SMIN.L in Specialty Industrial Machinery. Over the past 10 years, BA.L returned 19.00%/yr vs 11.43%/yr for SMIN.L. At a 0.42 correlation, their price movements are largely independent.
Performance
BA.L vs. SMIN.L - Performance Comparison
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Returns By Period
In the year-to-date period, BA.L achieves a 15.01% return, which is significantly higher than SMIN.L's 7.39% return. Over the past 10 years, BA.L has outperformed SMIN.L with an annualized return of 19.00%, while SMIN.L has yielded a comparatively lower 11.43% annualized 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%
SMIN.L
- 1D
- 0.16%
- 1M
- 1.41%
- YTD
- 7.39%
- 6M
- 7.12%
- 1Y
- 15.43%
- 3Y*
- 17.59%
- 5Y*
- 12.36%
- 10Y*
- 11.43%
BA.L vs. SMIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 15.01% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
SMIN.L Smiths Group PLC | 7.39% | 39.71% | 0.12% | 13.23% | 3.97% | 7.69% | -8.47% | 27.37% | -5.41% | 8.15% |
Correlation
The correlation between BA.L and SMIN.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2006 | 0.42 |
The correlation between BA.L and SMIN.L shifts across timeframes, from 0.25 (5 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BA.L:
£59.15B
SMIN.L:
£8.11B
BA.L:
£1.33
SMIN.L:
£1.70
BA.L:
14.71
SMIN.L:
14.81
BA.L:
2.35
SMIN.L:
0.04
BA.L:
1.08
SMIN.L:
1.52
BA.L:
5.02
SMIN.L:
4.90
BA.L:
£54.65B
SMIN.L:
£5.46B
BA.L:
£4.75B
SMIN.L:
£1.39B
BA.L:
£7.55B
SMIN.L:
£965.00M
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Return for Risk
BA.L vs. SMIN.L — Risk / Return Rank
BA.L
SMIN.L
BA.L vs. SMIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and Smiths Group PLC (SMIN.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.
| BA.L | SMIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.67 | -0.54 |
| Martin ratioReturn relative to average drawdown | 0.30 | 2.59 | -2.30 |
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 | SMIN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.69 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.55 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.44 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.24 | +0.28 |
Drawdowns
BA.L vs. SMIN.L - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, smaller than the maximum SMIN.L drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for BA.L and SMIN.L.
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Drawdown Indicators
| BA.L | SMIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -60.99% | +17.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -22.87% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -22.87% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -22.87% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | -53.96% | +16.16% |
Current DrawdownCurrent decline from peak | -15.43% | -8.02% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -17.91% | +5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 5.94% | +3.70% |
Volatility
BA.L vs. SMIN.L - Volatility Comparison
BAE Systems plc (BA.L) has a higher volatility of 8.80% compared to Smiths Group PLC (SMIN.L) at 5.32%. This indicates that BA.L's price experiences larger fluctuations and is considered to be riskier than SMIN.L 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 | SMIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 5.32% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 23.59% | 20.35% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.97% | 22.17% | +7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 22.38% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 25.88% | -0.81% |
Dividends
BA.L vs. SMIN.L - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 1.86%, which matches SMIN.L's 1.86% 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% |
SMIN.L Smiths Group PLC | 1.86% | 1.96% | 2.55% | 2.36% | 2.48% | 2.39% | 2.33% | 2.72% | 3.27% | 2.90% | 2.97% | 4.36% |
Financials
BA.L vs. SMIN.L - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems plc and Smiths Group PLC. 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. SMIN.L - 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%.
SMIN.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smiths Group PLC reported a gross profit of 371.00M and revenue of 915.00M. Therefore, the gross margin over that period was 40.6%.
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%.
SMIN.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smiths Group PLC reported an operating income of 164.00M and revenue of 915.00M, resulting in an operating margin of 17.9%.
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%.
SMIN.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smiths Group PLC reported a net income of 130.00M and revenue of 915.00M, resulting in a net margin of 14.2%.
Frequently Asked Questions
BA.L and SMIN.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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