BYRN vs. ESLT
BYRN (Byrna Technologies Inc.) and ESLT (Elbit Systems Ltd) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, BYRN returned 8.69%/yr vs 25.45%/yr for ESLT. At a 0.08 correlation, their price movements are largely independent.
Performance
BYRN vs. ESLT - Performance Comparison
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Returns By Period
In the year-to-date period, BYRN achieves a -67.12% return, which is significantly lower than ESLT's 34.03% return. Over the past 10 years, BYRN has underperformed ESLT with an annualized return of 8.69%, while ESLT has yielded a comparatively higher 25.45% annualized return.
BYRN
- 1D
- -1.43%
- 1M
- -0.36%
- YTD
- -67.12%
- 6M
- -68.18%
- 1Y
- -82.57%
- 3Y*
- 7.13%
- 5Y*
- -25.40%
- 10Y*
- 8.69%
ESLT
- 1D
- -0.15%
- 1M
- 0.73%
- YTD
- 34.03%
- 6M
- 33.47%
- 1Y
- 76.89%
- 3Y*
- 55.37%
- 5Y*
- 43.14%
- 10Y*
- 25.45%
BYRN vs. ESLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | -67.12% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
ESLT Elbit Systems Ltd | 34.03% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
Correlation
The correlation between BYRN and ESLT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.08 |
The correlation between BYRN and ESLT shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BYRN:
$131.54M
ESLT:
$37.17B
BYRN:
$0.37
ESLT:
$12.36
BYRN:
15.00
ESLT:
62.48
BYRN:
1.09
ESLT:
4.46
BYRN:
1.98
ESLT:
8.73
BYRN:
$120.98M
ESLT:
$8.23B
BYRN:
$72.95M
ESLT:
$2.03B
BYRN:
$12.75M
ESLT:
$861.06M
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Return for Risk
BYRN vs. ESLT — Risk / Return Rank
BYRN
ESLT
BYRN vs. ESLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Byrna Technologies Inc. (BYRN) and Elbit Systems Ltd (ESLT). 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.
| BYRN | ESLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -5.13 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.31 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.98 | -3.95 |
| Martin ratioReturn relative to average drawdown | -1.46 | 7.81 | -9.26 |
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Drawdowns
BYRN vs. ESLT - Drawdown Comparison
The maximum BYRN drawdown since its inception was -92.51%, which is greater than ESLT's maximum drawdown of -53.79%. Use the drawdown chart below to compare losses from any high point for BYRN and ESLT.
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Drawdown Indicators
| BYRN | ESLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -53.79% | -38.72% |
Max Drawdown (1Y)Largest decline over 1 year | -85.22% | -25.98% | -59.24% |
Max Drawdown (3Y)Largest decline over 3 years | -85.49% | -25.98% | -59.51% |
Max Drawdown (5Y)Largest decline over 5 years | -92.51% | -32.89% | -59.62% |
Max Drawdown (10Y)Largest decline over 10 years | -92.51% | -32.89% | -59.62% |
Current DrawdownCurrent decline from peak | -83.85% | -23.67% | -60.18% |
Average DrawdownAverage peak-to-trough decline | -52.41% | -13.92% | -38.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.62% | 9.88% | +46.74% |
Volatility
BYRN vs. ESLT - Volatility Comparison
The current volatility for Byrna Technologies Inc. (BYRN) is 19.04%, while Elbit Systems Ltd (ESLT) has a volatility of 20.62%. This indicates that BYRN experiences smaller price fluctuations and is considered to be less risky than ESLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRN | ESLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.04% | 20.62% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 60.14% | 36.46% | +23.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.97% | 44.13% | +29.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.40% | 33.73% | +39.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.41% | 29.46% | +65.95% |
Dividends
BYRN vs. ESLT - Dividend Comparison
BYRN has not paid dividends to shareholders, while ESLT's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESLT Elbit Systems Ltd | 0.53% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
Financials
BYRN vs. ESLT - Financials Comparison
This section allows you to compare key financial metrics between Byrna Technologies Inc. and Elbit Systems Ltd. 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
BYRN vs. ESLT - Profitability Comparison
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a gross profit of 17.40M and revenue of 29.05M. Therefore, the gross margin over that period was 59.9%.
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported an operating income of 928.00K and revenue of 29.05M, resulting in an operating margin of 3.2%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a net income of 801.00K and revenue of 29.05M, resulting in a net margin of 2.8%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
Frequently Asked Questions
BYRN and ESLT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (20.62%) compared to BYRN (19.04%). In terms of maximum drawdown, BYRN dropped -92.51% vs ESLT's -53.79%.
ESLT currently has the higher Sharpe Ratio (1.75 vs -1.12), 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.
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