CARL-B.CO vs. BA.L
CARL-B.CO (Carlsberg A/S) and BA.L (BAE Systems plc) are both stocks. CARL-B.CO operates in Beverages - Brewers (Consumer Defensive), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, CARL-B.CO returned 5.14%/yr vs 17.30%/yr for BA.L. At a 0.22 correlation, their price movements are largely independent.
Performance
CARL-B.CO vs. BA.L - Performance Comparison
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Different Trading Currencies
CARL-B.CO is traded in DKK, while BA.L is traded in GBp. To make them comparable, the BA.L values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CARL-B.CO achieves a 1.13% return, which is significantly lower than BA.L's 12.89% return. Over the past 10 years, CARL-B.CO has underperformed BA.L with an annualized return of 5.14%, while BA.L has yielded a comparatively higher 17.30% annualized return.
CARL-B.CO
- 1D
- -1.54%
- 1M
- -6.54%
- YTD
- 1.13%
- 6M
- 3.56%
- 1Y
- -11.54%
- 3Y*
- -5.04%
- 5Y*
- -3.03%
- 10Y*
- 5.14%
BA.L
- 1D
- 0.80%
- 1M
- -8.35%
- YTD
- 12.89%
- 6M
- 15.74%
- 1Y
- -4.86%
- 3Y*
- 29.28%
- 5Y*
- 32.28%
- 10Y*
- 17.30%
CARL-B.CO vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 1.13% | 24.73% | -16.11% | -5.74% | -15.78% | 18.41% | 1.01% | 46.68% | -4.93% | 24.15% |
BA.L BAE Systems plc | 12.89% | 44.44% | 11.04% | 36.48% | 52.68% | 25.05% | -14.55% | 36.70% | -17.58% | -3.56% |
Correlation
The correlation between CARL-B.CO and BA.L 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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | 0.22 |
The correlation between CARL-B.CO and BA.L shifts across timeframes, from -0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CARL-B.CO vs. BA.L — Risk / Return Rank
CARL-B.CO
BA.L
CARL-B.CO vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlsberg A/S (CARL-B.CO) and BAE Systems plc (BA.L). 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.
| CARL-B.CO | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.00 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.18 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.37 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CARL-B.CO | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -0.13 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 1.22 | -1.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.66 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.41 | -0.19 |
Drawdowns
CARL-B.CO vs. BA.L - Drawdown Comparison
The maximum CARL-B.CO drawdown since its inception was -75.46%, which is greater than BA.L's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for CARL-B.CO and BA.L.
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Drawdown Indicators
| CARL-B.CO | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -55.26% | -20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.24% | -21.88% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -21.88% | -14.75% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -21.88% | -17.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -42.32% | +2.86% |
Current DrawdownCurrent decline from peak | -21.50% | -17.86% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -17.83% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 10.21% | +4.18% |
Volatility
CARL-B.CO vs. BA.L - Volatility Comparison
The current volatility for Carlsberg A/S (CARL-B.CO) is 7.96%, while BAE Systems plc (BA.L) has a volatility of 10.00%. This indicates that CARL-B.CO experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CARL-B.CO | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 10.00% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 24.15% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 30.43% | -7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 26.49% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 26.28% | -4.35% |
Dividends
CARL-B.CO vs. BA.L - Dividend Comparison
CARL-B.CO's dividend yield for the trailing twelve months is around 3.55%, more than BA.L's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 0.72% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
CARL-B.CO Carlsberg A/S | 3.55% | 3.23% | 3.91% | 3.19% | 2.60% | 1.95% | 2.15% | 1.81% | 2.31% | 1.34% | 1.48% | 1.47% |
Financials
CARL-B.CO vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Carlsberg A/S and BAE Systems plc. 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
CARL-B.CO and BA.L 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.
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