BMI vs. AM.PA

Last updated Jun 13, 2026

BMI (Badger Meter, Inc.) and AM.PA (Dassault Aviation SA) are both stocks. Both are in the Industrials sector — BMI in Electrical Equipment & Parts, AM.PA in Aerospace & Defense. Over the past 10 years, BMI returned 14.99%/yr vs 19.50%/yr for AM.PA. At a 0.14 correlation, their price movements are largely independent.

Performance

BMI vs. AM.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Badger Meter, Inc. (BMI) and Dassault Aviation SA (AM.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BMI is traded in USD, while AM.PA is traded in EUR. To make them comparable, the AM.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BMI achieves a -24.02% return, which is significantly lower than AM.PA's 8.65% return. Over the past 10 years, BMI has underperformed AM.PA with an annualized return of 14.99%, while AM.PA has yielded a comparatively higher 19.50% annualized return.

BMI

• 1D: 0.93%
• 1M: 13.87%
• YTD: -24.02%
• 6M: -28.30%
• 1Y: -45.59%
• 3Y*: -3.92%
• 5Y*: 7.71%
• 10Y*: 14.99%

AM.PA

• 1D: -1.17%
• 1M: 5.41%
• YTD: 8.65%
• 6M: 9.34%
• 1Y: -1.01%
• 3Y*: 24.94%
• 5Y*: 24.44%
• 10Y*: 19.50%

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

BMI vs. AM.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMI Badger Meter, Inc.	-24.02%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.37%	33.46%	4.09%	30.91%
AM.PA Dassault Aviation SA	8.65%	59.93%	4.93%	18.88%	59.08%	12.93%	-16.55%	14.16%	-2.09%	53.39%

Correlation

The correlation between BMI and AM.PA is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007	0.14

Return for Risk

BMI vs. AM.PA — Risk / Return Rank

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

BMI

BMI Risk / Return Rank: 7
BMI Sharpe Ratio Rank: 5
BMI Sortino Ratio Rank: 8
BMI Omega Ratio Rank: 5
BMI Calmar Ratio Rank: 9
BMI Martin Ratio Rank: 10

AM.PA

AM.PA Risk / Return Rank: 39
AM.PA Sharpe Ratio Rank: 42
AM.PA Sortino Ratio Rank: 36
AM.PA Omega Ratio Rank: 36
AM.PA Calmar Ratio Rank: 42
AM.PA Martin Ratio Rank: 41

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.

BMI vs. AM.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Badger Meter, Inc. (BMI) and Dassault Aviation SA (AM.PA). 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.

	BMI	AM.PA	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	-0.03	-1.00
Sortino ratio: Return per unit of downside risk	-1.32	0.18	-1.49
Omega ratio: Gain probability vs. loss probability	0.79	1.02	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.05	-0.80
Martin ratio: Return relative to average drawdown	-1.38	-0.10	-1.29

BMI vs. AM.PA - Sharpe Ratio Comparison

The current BMI Sharpe Ratio is -1.04, which is lower than the AM.PA Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of BMI and AM.PA, 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

BMI vs. AM.PA - Drawdown Comparison

The maximum BMI drawdown since its inception was -68.22%, which is greater than AM.PA's maximum drawdown of -58.61%. Use the drawdown chart below to compare losses from any high point for BMI and AM.PA.

Drawdown Indicators

	BMI	AM.PA	Difference
Max Drawdown Largest peak-to-trough decline	-68.22%	-58.61%	-9.61%
Max Drawdown (1Y) Largest decline over 1 year	-53.79%	-21.79%	-32.00%
Max Drawdown (3Y) Largest decline over 3 years	-55.06%	-22.11%	-32.95%
Max Drawdown (5Y) Largest decline over 5 years	-55.06%	-35.72%	-19.34%
Max Drawdown (10Y) Largest decline over 10 years	-55.06%	-58.61%	+3.55%
Current Drawdown Current decline from peak	-47.63%	-16.08%	-31.55%
Average Drawdown Average peak-to-trough decline	-19.02%	-13.76%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.04%	10.52%	+22.52%

Volatility

BMI vs. AM.PA - Volatility Comparison

Badger Meter, Inc. (BMI) has a higher volatility of 9.52% compared to Dassault Aviation SA (AM.PA) at 8.30%. This indicates that BMI's price experiences larger fluctuations and is considered to be riskier than AM.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMI	AM.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.52%	8.30%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	38.68%	25.12%	+13.56%
Volatility (1Y) Calculated over the trailing 1-year period	44.17%	31.78%	+12.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.88%	30.48%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.67%	31.03%	+2.64%

Dividends

BMI vs. AM.PA - Dividend Comparison

BMI's dividend yield for the trailing twelve months is around 1.21%, less than AM.PA's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AM.PA Dassault Aviation SA	1.61%	1.72%	1.71%	1.67%	1.57%	12.95%	0.00%	18.12%	12.64%	9.32%	11.40%	8.72%
BMI Badger Meter, Inc.	1.21%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%

Financials

Frequently Asked Questions

Can I hold both BMI and AM.PA in my portfolio?

BMI and AM.PA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.