CMWAY vs. SAP
CMWAY (Commonwealth Bank of Australia PK) and SAP (SAP SE) are both stocks. CMWAY operates in Banks - Diversified (Financial Services), while SAP operates in Software - Application (Technology). Over the past 10 years, CMWAY returned 13.10%/yr vs 9.93%/yr for SAP. At a 0.38 correlation, their price movements are largely independent.
Performance
CMWAY vs. SAP - Performance Comparison
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Returns By Period
In the year-to-date period, CMWAY achieves a 11.39% return, which is significantly higher than SAP's -24.33% return. Over the past 10 years, CMWAY has outperformed SAP with an annualized return of 13.10%, while SAP has yielded a comparatively lower 9.93% annualized return.
CMWAY
- 1D
- -0.62%
- 1M
- -4.90%
- YTD
- 11.39%
- 6M
- 18.01%
- 1Y
- 3.80%
- 3Y*
- 26.05%
- 5Y*
- 12.02%
- 10Y*
- 13.10%
SAP
- 1D
- -5.32%
- 1M
- 7.23%
- YTD
- -24.33%
- 6M
- -24.61%
- 1Y
- -40.01%
- 3Y*
- 12.19%
- 5Y*
- 6.90%
- 10Y*
- 9.93%
CMWAY vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMWAY Commonwealth Bank of Australia PK | 11.39% | 14.67% | 30.16% | 14.01% | -1.83% | 21.14% | 17.04% | 17.00% | -13.84% | 13.44% |
SAP SAP SE | -24.33% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between CMWAY and SAP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2009 | 0.38 |
The correlation between CMWAY and SAP shifts across timeframes, from 0.18 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CMWAY:
$196.16B
SAP:
$211.02B
CMWAY:
$11.73
SAP:
$6.13
CMWAY:
9.99
SAP:
29.49
CMWAY:
1.95
SAP:
0.63
CMWAY:
1.68
SAP:
5.68
CMWAY:
2.54
SAP:
4.70
CMWAY:
$116.83B
SAP:
$37.34B
CMWAY:
$77.16B
SAP:
$27.51B
CMWAY:
$15.17B
SAP:
$12.97B
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Return for Risk
CMWAY vs. SAP — Risk / Return Rank
CMWAY
SAP
CMWAY vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commonwealth Bank of Australia PK (CMWAY) and SAP SE (SAP). 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.
| CMWAY | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.78 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.84 | +1.02 |
| Martin ratioReturn relative to average drawdown | 0.35 | -1.46 | +1.82 |
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
| CMWAY | SAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -1.20 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.24 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.35 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.15 | +0.28 |
Drawdowns
CMWAY vs. SAP - Drawdown Comparison
The maximum CMWAY drawdown since its inception was -47.71%, smaller than the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for CMWAY and SAP.
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Drawdown Indicators
| CMWAY | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.71% | -87.91% | +40.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.74% | -47.71% | +25.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -47.71% | +25.97% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -47.71% | +21.32% |
Max Drawdown (10Y)Largest decline over 10 years | -47.71% | -51.31% | +3.60% |
Current DrawdownCurrent decline from peak | -11.35% | -41.07% | +29.72% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -28.23% | +18.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 27.40% | -16.67% |
Volatility
CMWAY vs. SAP - Volatility Comparison
Commonwealth Bank of Australia PK (CMWAY) and SAP SE (SAP) have volatilities of 13.69% and 13.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMWAY | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 13.32% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 29.81% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.89% | 33.55% | -5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 28.60% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 28.29% | -1.13% |
Dividends
CMWAY vs. SAP - Dividend Comparison
CMWAY's dividend yield for the trailing twelve months is around 2.87%, more than SAP's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMWAY Commonwealth Bank of Australia PK | 2.87% | 2.92% | 3.19% | 3.96% | 3.89% | 3.52% | 3.20% | 5.24% | 6.36% | 7.63% | 10.91% | 5.13% |
SAP SAP SE | 1.62% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
CMWAY vs. SAP - Financials Comparison
This section allows you to compare key financial metrics between Commonwealth Bank of Australia PK and SAP SE. 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
CMWAY vs. SAP - Profitability Comparison
CMWAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported a gross profit of 14.50B and revenue of 34.13B. Therefore, the gross margin over that period was 42.5%.
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SAP SE reported a gross profit of 6.97B and revenue of 9.56B. Therefore, the gross margin over that period was 73.0%.
CMWAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported an operating income of 7.62B and revenue of 34.13B, resulting in an operating margin of 22.3%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SAP SE reported an operating income of 2.75B and revenue of 9.56B, resulting in an operating margin of 28.8%.
CMWAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported a net income of 4.89B and revenue of 34.13B, resulting in a net margin of 14.3%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SAP SE reported a net income of 1.93B and revenue of 9.56B, resulting in a net margin of 20.2%.
Frequently Asked Questions
CMWAY and SAP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMWAY has higher volatility (13.69%) compared to SAP (13.32%). In terms of maximum drawdown, CMWAY dropped -47.71% vs SAP's -87.91%.
CMWAY currently has the higher Sharpe Ratio (0.14 vs -1.20), 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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