BN.PA vs. ^FCHI
BN.PA (Danone S.A.) is a stock, while ^FCHI (CAC 40) is an index. Over the past 10 years, BN.PA returned 3.37%/yr vs 6.42%/yr for ^FCHI. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
BN.PA vs. ^FCHI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BN.PA achieves a -14.20% return, which is significantly lower than ^FCHI's 1.16% return. Over the past 10 years, BN.PA has underperformed ^FCHI with an annualized return of 3.37%, while ^FCHI has yielded a comparatively higher 6.42% annualized return.
BN.PA
- 1D
- -1.00%
- 1M
- -1.24%
- YTD
- -14.20%
- 6M
- -13.45%
- 1Y
- -11.43%
- 3Y*
- 7.89%
- 5Y*
- 5.04%
- 10Y*
- 3.37%
^FCHI
- 1D
- 1.15%
- 1M
- 2.26%
- YTD
- 1.16%
- 6M
- 1.51%
- 1Y
- 5.63%
- 3Y*
- 4.61%
- 5Y*
- 4.82%
- 10Y*
- 6.42%
BN.PA vs. ^FCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN.PA Danone S.A. | -14.20% | 21.29% | 15.04% | 23.27% | -6.58% | 4.99% | -24.68% | 23.45% | -9.49% | 19.29% |
^FCHI CAC 40 | 1.16% | 10.42% | -2.15% | 16.52% | -9.50% | 28.85% | -7.14% | 26.37% | -10.95% | 9.26% |
Correlation
The correlation between BN.PA and ^FCHI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 1991 | 0.54 |
Over the past year, the correlation between BN.PA and ^FCHI has dropped to 0.26 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BN.PA vs. ^FCHI — Risk / Return Rank
BN.PA
^FCHI
BN.PA vs. ^FCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Danone S.A. (BN.PA) and CAC 40 (^FCHI). 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.
| BN.PA | ^FCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.08 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.50 | -1.05 |
| Martin ratioReturn relative to average drawdown | -1.18 | 1.47 | -2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BN.PA | ^FCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 0.39 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.29 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.36 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.21 | +0.08 |
Drawdowns
BN.PA vs. ^FCHI - Drawdown Comparison
The maximum BN.PA drawdown since its inception was -46.10%, smaller than the maximum ^FCHI drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for BN.PA and ^FCHI.
Loading charts...
Drawdown Indicators
| BN.PA | ^FCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.10% | -65.29% | +19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -20.77% | -11.08% | -9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -16.71% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.95% | -23.04% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.87% | -38.56% | -2.31% |
Current DrawdownCurrent decline from peak | -17.23% | -4.37% | -12.86% |
Average DrawdownAverage peak-to-trough decline | -14.16% | -23.50% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 3.80% | +5.70% |
Volatility
BN.PA vs. ^FCHI - Volatility Comparison
Danone S.A. (BN.PA) has a higher volatility of 8.08% compared to CAC 40 (^FCHI) at 4.33%. This indicates that BN.PA's price experiences larger fluctuations and is considered to be riskier than ^FCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BN.PA | ^FCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 4.33% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 11.19% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 14.20% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 16.42% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 17.71% | +1.56% |
Frequently Asked Questions
BN.PA and ^FCHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BN.PA and ^FCHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer