COVTY vs. MAERSK-A.CO

Last updated Jun 4, 2026

COVTY (Covestro ADR) and MAERSK-A.CO (A.P. Møller - Mærsk A/S) are both stocks. COVTY operates in Specialty Chemicals (Basic Materials), while MAERSK-A.CO operates in Marine Shipping (Industrials). Over the past 5 years, COVTY returned 0.98%/yr vs 11.97%/yr for MAERSK-A.CO. At a 0.28 correlation, their price movements are largely independent.

Performance

COVTY vs. MAERSK-A.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Covestro ADR (COVTY) and A.P. Møller - Mærsk A/S (MAERSK-A.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COVTY is traded in USD, while MAERSK-A.CO is traded in DKK. To make them comparable, the MAERSK-A.CO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COVTY achieves a 2.79% return, which is significantly lower than MAERSK-A.CO's 11.64% return.

COVTY

• 1D: 1.16%
• 1M: -0.65%
• YTD: 2.79%
• 6M: 0.63%
• 1Y: 0.89%
• 3Y*: 18.52%
• 5Y*: 0.98%
• 10Y*: —

MAERSK-A.CO

• 1D: 1.09%
• 1M: 6.13%
• YTD: 11.64%
• 6M: 25.67%
• 1Y: 45.04%
• 3Y*: 21.39%
• 5Y*: 11.97%
• 10Y*: 17.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COVTY vs. MAERSK-A.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COVTY Covestro ADR	2.79%	15.75%	-0.88%	50.21%	-31.89%	3.10%	39.29%	-5.98%	-50.89%	54.46%
MAERSK-A.CO A.P. Møller - Mærsk A/S	11.64%	57.27%	0.01%	13.55%	-24.88%	63.28%	59.90%	34.92%	-27.77%	12.32%

Correlation

The correlation between COVTY and MAERSK-A.CO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.28

Over the past year, the correlation between COVTY and MAERSK-A.CO has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Return for Risk

COVTY vs. MAERSK-A.CO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COVTY

COVTY Risk / Return Rank: 40
COVTY Sharpe Ratio Rank: 43
COVTY Sortino Ratio Rank: 36
COVTY Omega Ratio Rank: 35
COVTY Calmar Ratio Rank: 43
COVTY Martin Ratio Rank: 43

MAERSK-A.CO

MAERSK-A.CO Risk / Return Rank: 74
MAERSK-A.CO Sharpe Ratio Rank: 78
MAERSK-A.CO Sortino Ratio Rank: 72
MAERSK-A.CO Omega Ratio Rank: 71
MAERSK-A.CO Calmar Ratio Rank: 75
MAERSK-A.CO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COVTY vs. MAERSK-A.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Covestro ADR (COVTY) and A.P. Møller - Mærsk A/S (MAERSK-A.CO). 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.

	COVTY	MAERSK-A.CO	Difference
Sharpe ratio Return per unit of total volatility	0.04	1.38	-1.34
Sortino ratio Return per unit of downside risk	0.21	1.90	-1.69
Omega ratio Gain probability vs. loss probability	1.03	1.24	-0.21
Calmar ratio Return relative to maximum drawdown	0.09	2.41	-2.33
Martin ratio Return relative to average drawdown	0.23	5.35	-5.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COVTY vs. MAERSK-A.CO - Sharpe Ratio Comparison

The current COVTY Sharpe Ratio is 0.04, which is lower than the MAERSK-A.CO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of COVTY and MAERSK-A.CO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COVTY	MAERSK-A.CO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	1.38	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.30	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.19	-0.12

Drawdowns

COVTY vs. MAERSK-A.CO - Drawdown Comparison

The maximum COVTY drawdown since its inception was -77.54%, which is greater than MAERSK-A.CO's maximum drawdown of -71.85%. Use the drawdown chart below to compare losses from any high point for COVTY and MAERSK-A.CO.

Drawdown Indicators

	COVTY	MAERSK-A.CO	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-71.85%	-5.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-19.03%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-36.42%	+20.23%
Max Drawdown (5Y) Largest decline over 5 years	-57.49%	-48.06%	-9.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.71%	—
Current Drawdown Current decline from peak	-33.11%	-7.46%	-25.65%
Average Drawdown Average peak-to-trough decline	-42.07%	-28.22%	-13.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	8.51%	-4.66%

Volatility

COVTY vs. MAERSK-A.CO - Volatility Comparison

The current volatility for Covestro ADR (COVTY) is 6.36%, while A.P. Møller - Mærsk A/S (MAERSK-A.CO) has a volatility of 11.31%. This indicates that COVTY experiences smaller price fluctuations and is considered to be less risky than MAERSK-A.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COVTY	MAERSK-A.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	11.31%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	25.05%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	33.51%	-9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.95%	40.04%	-9.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.38%	38.26%	-3.88%

Dividends

COVTY vs. MAERSK-A.CO - Dividend Comparison

COVTY has not paid dividends to shareholders, while MAERSK-A.CO's dividend yield for the trailing twelve months is around 2.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COVTY Covestro ADR	0.00%	0.00%	0.00%	0.00%	9.64%	2.53%	2.23%	4.26%	3.92%	2.44%	0.00%	0.00%
MAERSK-A.CO A.P. Møller - Mærsk A/S	2.99%	7.65%	4.46%	37.33%	16.92%	1.58%	1.23%	1.73%	2.34%	1.74%	3.37%	26.66%

Financials

Frequently Asked Questions

Can I hold both COVTY and MAERSK-A.CO in my portfolio?

COVTY and MAERSK-A.CO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.