BN vs. HO.PA
BN (Brookfield Corporation) and HO.PA (Thales S.A.) are both stocks. BN operates in Asset Management (Financial Services), while HO.PA operates in Aerospace & Defense (Industrials). Over the past 10 years, BN returned 15.61%/yr vs 15.10%/yr for HO.PA. At a 0.29 correlation, their price movements are largely independent.
Performance
BN vs. HO.PA - Performance Comparison
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Different Trading Currencies
BN is traded in USD, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BN achieves a -1.31% return, which is significantly lower than HO.PA's 1.95% return. Both investments have delivered pretty close results over the past 10 years, with BN having a 15.61% annualized return and HO.PA not far behind at 15.10%.
BN
- 1D
- 0.40%
- 1M
- 0.27%
- YTD
- -1.31%
- 6M
- -0.68%
- 1Y
- 15.16%
- 3Y*
- 28.32%
- 5Y*
- 12.10%
- 10Y*
- 15.61%
HO.PA
- 1D
- -1.41%
- 1M
- 5.02%
- YTD
- 1.95%
- 6M
- 1.42%
- 1Y
- -4.39%
- 3Y*
- 25.91%
- 5Y*
- 23.65%
- 10Y*
- 15.10%
BN vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | -1.31% | 20.54% | 44.18% | 28.60% | -34.80% | 49.30% | 8.99% | 52.68% | -10.65% | 33.82% |
HO.PA Thales S.A. | 1.95% | 90.97% | -0.78% | 18.41% | 53.36% | -4.66% | -11.42% | -9.02% | 10.01% | 13.33% |
Correlation
The correlation between BN and HO.PA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.29 |
The correlation between BN and HO.PA shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BN vs. HO.PA — Risk / Return Rank
BN
HO.PA
BN vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN) and Thales S.A. (HO.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.
| BN | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.21 | +0.90 |
| Martin ratioReturn relative to average drawdown | 1.90 | -0.42 | +2.32 |
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Drawdowns
BN vs. HO.PA - Drawdown Comparison
The maximum BN drawdown since its inception was -82.22%, which is greater than HO.PA's maximum drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for BN and HO.PA.
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Drawdown Indicators
| BN | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.22% | -56.96% | -25.26% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -20.33% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -24.08% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | -25.64% | -16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -51.42% | -56.96% | +5.54% |
Current DrawdownCurrent decline from peak | -7.89% | -13.60% | +5.71% |
Average DrawdownAverage peak-to-trough decline | -28.51% | -18.37% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 10.35% | -2.36% |
Volatility
BN vs. HO.PA - Volatility Comparison
Brookfield Corporation (BN) has a higher volatility of 10.05% compared to Thales S.A. (HO.PA) at 8.22%. This indicates that BN's price experiences larger fluctuations and is considered to be riskier than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BN | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 8.22% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.60% | 24.43% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.82% | 32.18% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 29.52% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 28.73% | +1.44% |
Dividends
BN vs. HO.PA - Dividend Comparison
BN's dividend yield for the trailing twelve months is around 0.55%, less than HO.PA's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | 0.55% | 0.52% | 0.56% | 0.70% | 1.44% | 1.12% | 1.55% | 1.11% | 1.56% | 1.29% | 1.58% | 1.50% |
HO.PA Thales S.A. | 1.66% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
Financials
BN vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Corporation and Thales S.A.. 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
Frequently Asked Questions
BN and HO.PA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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