BAESY vs. FINMY

Last updated Jun 19, 2026

BAESY (BAE Systems PLC) and FINMY (Leonardo SpA ADR) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, BAESY returned 17.22%/yr vs 19.36%/yr for FINMY. At a 0.44 correlation, their price movements are largely independent.

Performance

BAESY vs. FINMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BAE Systems PLC (BAESY) and Leonardo SpA ADR (FINMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAESY achieves a 5.68% return, which is significantly higher than FINMY's 3.39% return. Over the past 10 years, BAESY has underperformed FINMY with an annualized return of 17.22%, while FINMY has yielded a comparatively higher 19.36% annualized return.

BAESY

• 1D: -1.71%
• 1M: -4.53%
• YTD: 5.68%
• 6M: 6.71%
• 1Y: -5.80%
• 3Y*: 27.20%
• 5Y*: 29.81%
• 10Y*: 17.22%

FINMY

• 1D: -3.24%
• 1M: 0.17%
• YTD: 3.39%
• 6M: 4.49%
• 1Y: 8.44%
• 3Y*: 74.38%
• 5Y*: 50.09%
• 10Y*: 19.36%

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

BAESY vs. FINMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAESY BAE Systems PLC	5.68%	65.51%	1.23%	40.91%	46.40%	14.56%	-3.43%	34.69%	-22.16%	13.28%
FINMY Leonardo SpA ADR	3.39%	114.03%	66.86%	94.69%	21.93%	0.57%	-38.24%	35.19%	-26.70%	-13.53%

Correlation

The correlation between BAESY and FINMY is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 3, 2008	0.44

Over the past year, BAESY and FINMY have become more correlated (0.75) than their long-term average of 0.44, meaning their price movements have been converging.

Fundamentals

Market Cap BAESY : $73.64B FINMY : $68.22B
EPS BAESY : £5.29 FINMY : €0.76
PE Ratio BAESY : 13.78 FINMY : 33.75
PEG Ratio BAESY : 2.54 FINMY : 2.24
PS Ratio BAESY : 1.01 FINMY : 1.53
PB Ratio BAESY : 4.70 FINMY : 6.19
Total Revenue (TTM) BAESY : £54.56B FINMY : €28.94B
Gross Profit (TTM) BAESY : £19.72B FINMY : €228.21M
EBITDA (TTM) BAESY : £7.74B FINMY : -€1.34B

Return for Risk

BAESY vs. FINMY — Risk / Return Rank

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

BAESY

BAESY Risk / Return Rank: 32
BAESY Sharpe Ratio Rank: 34
BAESY Sortino Ratio Rank: 30
BAESY Omega Ratio Rank: 31
BAESY Calmar Ratio Rank: 34
BAESY Martin Ratio Rank: 32

FINMY

FINMY Risk / Return Rank: 48
FINMY Sharpe Ratio Rank: 49
FINMY Sortino Ratio Rank: 45
FINMY Omega Ratio Rank: 43
FINMY Calmar Ratio Rank: 51
FINMY Martin Ratio Rank: 51

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.

BAESY vs. FINMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BAE Systems PLC (BAESY) and Leonardo SpA ADR (FINMY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAESY	FINMY	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.20	-0.38
Sortino ratio: Return per unit of downside risk	-0.04	0.58	-0.62
Omega ratio: Gain probability vs. loss probability	1.00	1.07	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.25	0.37	-0.62
Martin ratio: Return relative to average drawdown	-0.56	0.83	-1.39

BAESY vs. FINMY - Sharpe Ratio Comparison

The current BAESY Sharpe Ratio is -0.18, which is lower than the FINMY Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BAESY and FINMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAESY vs. FINMY - Drawdown Comparison

The maximum BAESY drawdown since its inception was -59.20%, smaller than the maximum FINMY drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for BAESY and FINMY.

Drawdown Indicators

	BAESY	FINMY	Difference
Max Drawdown Largest peak-to-trough decline	-59.20%	-81.99%	+22.79%
Max Drawdown (1Y) Largest decline over 1 year	-23.59%	-22.69%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-23.59%	-22.69%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	-23.59%	-40.09%	+16.50%
Max Drawdown (10Y) Largest decline over 10 years	-42.13%	-74.54%	+32.41%
Current Drawdown Current decline from peak	-21.08%	-20.04%	-1.04%
Average Drawdown Average peak-to-trough decline	-19.33%	-36.22%	+16.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.42%	10.22%	+0.20%

Volatility

BAESY vs. FINMY - Volatility Comparison

The current volatility for BAE Systems PLC (BAESY) is 10.47%, while Leonardo SpA ADR (FINMY) has a volatility of 11.17%. This indicates that BAESY experiences smaller price fluctuations and is considered to be less risky than FINMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAESY	FINMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	11.17%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	25.60%	30.92%	-5.32%
Volatility (1Y) Calculated over the trailing 1-year period	32.16%	41.80%	-9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.21%	38.38%	-10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.94%	42.26%	-14.32%

Dividends

BAESY vs. FINMY - Dividend Comparison

BAESY's dividend yield for the trailing twelve months is around 2.00%, more than FINMY's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAESY BAE Systems PLC	2.00%	1.90%	2.79%	2.40%	3.09%	4.46%	7.05%	3.66%	4.93%	5.71%	6.26%	4.38%
FINMY Leonardo SpA ADR	1.00%	1.04%	1.11%	0.92%	1.73%	0.00%	1.45%	0.88%	1.30%	2.20%	0.00%	0.00%

Financials

BAESY vs. FINMY - Profitability Comparison

The chart below illustrates the profitability comparison between BAE Systems PLC and Leonardo SpA ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BAESY - 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 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.

FINMY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported a gross profit of -4.32B and revenue of 10.51B. Therefore, the gross margin over that period was -41.1%.

BAESY - 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 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.

FINMY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported an operating income of -4.34B and revenue of 10.51B, resulting in an operating margin of -41.3%.

BAESY - 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 14.67B, resulting in a net margin of 7.4%.

FINMY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported a net income of 717.65M and revenue of 10.51B, resulting in a net margin of 6.8%.

Frequently Asked Questions

Can I hold both BAESY and FINMY in my portfolio?

BAESY and FINMY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAESY or FINMY?

FINMY has higher volatility (11.17%) compared to BAESY (10.47%). In terms of maximum drawdown, BAESY dropped -59.20% vs FINMY's -81.99%.

Which has better risk-adjusted returns?

FINMY currently has the higher Sharpe Ratio (0.20 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.