BESI.AS vs. AMAT

Last updated Jun 5, 2026

BESI.AS (BE Semiconductor Industries NV) and AMAT (Applied Materials, Inc.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, BESI.AS returned 41.69%/yr vs 35.33%/yr for AMAT. At a 0.34 correlation, their price movements are largely independent.

Performance

BESI.AS vs. AMAT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BE Semiconductor Industries NV (BESI.AS) and Applied Materials, Inc. (AMAT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BESI.AS is traded in EUR, while AMAT is traded in USD. To make them comparable, the AMAT values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, BESI.AS achieves a 113.37% return, which is significantly higher than AMAT's 80.18% return. Over the past 10 years, BESI.AS has outperformed AMAT with an annualized return of 41.69%, while AMAT has yielded a comparatively lower 35.33% annualized return.

BESI.AS

• 1D: -1.66%
• 1M: 11.22%
• YTD: 113.37%
• 6M: 104.51%
• 1Y: 158.04%
• 3Y*: 42.81%
• 5Y*: 35.70%
• 10Y*: 41.69%

AMAT

• 1D: -8.98%
• 1M: 7.91%
• YTD: 80.18%
• 6M: 71.23%
• 1Y: 176.08%
• 3Y*: 47.63%
• 5Y*: 28.96%
• 10Y*: 35.33%

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

BESI.AS vs. AMAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BESI.AS BE Semiconductor Industries NV	113.37%	3.45%	-1.42%	149.92%	-19.95%	55.27%	48.11%	98.57%	-42.83%	127.41%
AMAT Applied Materials, Inc.	80.18%	40.66%	7.80%	62.94%	-33.67%	97.37%	31.48%	94.14%	-31.87%	40.22%

Correlation

The correlation between BESI.AS and AMAT is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.34

Over the past year, BESI.AS and AMAT have become more correlated (0.56) than their long-term average of 0.34, meaning their price movements have been converging.

Return for Risk

BESI.AS vs. AMAT — Risk / Return Rank

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

BESI.AS

BESI.AS Risk / Return Rank: 94
BESI.AS Sharpe Ratio Rank: 95
BESI.AS Sortino Ratio Rank: 91
BESI.AS Omega Ratio Rank: 92
BESI.AS Calmar Ratio Rank: 96
BESI.AS Martin Ratio Rank: 96

AMAT

AMAT Risk / Return Rank: 95
AMAT Sharpe Ratio Rank: 97
AMAT Sortino Ratio Rank: 93
AMAT Omega Ratio Rank: 93
AMAT Calmar Ratio Rank: 96
AMAT Martin Ratio Rank: 97

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.

BESI.AS vs. AMAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BE Semiconductor Industries NV (BESI.AS) and Applied Materials, Inc. (AMAT). 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.

	BESI.AS	AMAT	Difference
Sharpe ratio: Return per unit of total volatility	3.27	3.80	-0.53
Sortino ratio: Return per unit of downside risk	3.40	3.59	-0.18
Omega ratio: Gain probability vs. loss probability	1.47	1.52	-0.04
Calmar ratio: Return relative to maximum drawdown	7.72	8.14	-0.42
Martin ratio: Return relative to average drawdown	22.74	24.01	-1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BESI.AS vs. AMAT - Sharpe Ratio Comparison

The current BESI.AS Sharpe Ratio is 3.27, which is comparable to the AMAT Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of BESI.AS and AMAT, 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

	BESI.AS	AMAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.27	3.80	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.68	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.83	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.54	-0.19

Drawdowns

BESI.AS vs. AMAT - Drawdown Comparison

The maximum BESI.AS drawdown since its inception was -96.13%, which is greater than AMAT's maximum drawdown of -58.42%. Use the drawdown chart below to compare losses from any high point for BESI.AS and AMAT.

Drawdown Indicators

	BESI.AS	AMAT	Difference
Max Drawdown Largest peak-to-trough decline	-96.13%	-58.42%	-37.71%
Max Drawdown (1Y) Largest decline over 1 year	-20.90%	-21.78%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-54.52%	-50.48%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	-54.52%	-50.48%	-4.04%
Max Drawdown (10Y) Largest decline over 10 years	-61.59%	-50.48%	-11.11%
Current Drawdown Current decline from peak	-1.66%	-8.98%	+7.32%
Average Drawdown Average peak-to-trough decline	-49.69%	-21.32%	-28.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	7.37%	-0.23%

Volatility

BESI.AS vs. AMAT - Volatility Comparison

The current volatility for BE Semiconductor Industries NV (BESI.AS) is 11.31%, while Applied Materials, Inc. (AMAT) has a volatility of 17.25%. This indicates that BESI.AS experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BESI.AS	AMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.31%	17.25%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	39.19%	35.58%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	49.33%	46.61%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.18%	42.94%	+4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.83%	42.53%	+1.30%

Dividends

BESI.AS vs. AMAT - Dividend Comparison

BESI.AS's dividend yield for the trailing twelve months is around 0.56%, more than AMAT's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAT Applied Materials, Inc.	0.42%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
BESI.AS BE Semiconductor Industries NV	0.56%	1.63%	1.63%	2.09%	5.89%	2.27%	2.04%	4.85%	12.56%	1.99%	3.16%	8.08%

Financials

Frequently Asked Questions

Can I hold both BESI.AS and AMAT in my portfolio?

BESI.AS and AMAT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.