CRS vs. SAP
CRS (Carpenter Technology Corporation) and SAP (SAP SE) are both stocks. CRS operates in Metal Fabrication (Industrials), while SAP operates in Software - Application (Technology). Over the past 10 years, CRS returned 36.16%/yr vs 9.16%/yr for SAP. At a 0.35 correlation, their price movements are largely independent.
Performance
CRS vs. SAP - Performance Comparison
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Returns By Period
In the year-to-date period, CRS achieves a 83.81% return, which is significantly higher than SAP's -35.76% return. Over the past 10 years, CRS has outperformed SAP with an annualized return of 36.16%, while SAP has yielded a comparatively lower 9.16% annualized return.
CRS
- 1D
- -1.64%
- 1M
- 33.17%
- YTD
- 83.81%
- 6M
- 73.58%
- 1Y
- 121.79%
- 3Y*
- 125.51%
- 5Y*
- 71.41%
- 10Y*
- 36.16%
SAP
- 1D
- 2.59%
- 1M
- -12.83%
- YTD
- -35.76%
- 6M
- -36.30%
- 1Y
- -46.34%
- 3Y*
- 6.09%
- 5Y*
- 3.26%
- 10Y*
- 9.16%
CRS vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRS Carpenter Technology Corporation | 83.81% | 86.23% | 141.72% | 94.48% | 29.50% | 2.66% | -39.44% | 42.12% | -29.16% | 43.40% |
SAP SAP SE | -35.76% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between CRS and SAP is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.35 |
Over the past year, the correlation between CRS and SAP has dropped to 0.01 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
CRS:
$29.08B
SAP:
$179.15B
CRS:
$9.51
SAP:
€6.13
CRS:
60.82
SAP:
21.90
CRS:
0.05
SAP:
0.47
CRS:
9.62
SAP:
4.22
CRS:
14.06
SAP:
3.49
CRS:
$3.03B
SAP:
€37.34B
CRS:
$900.50M
SAP:
€27.51B
CRS:
$745.50M
SAP:
€12.97B
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Return for Risk
CRS vs. SAP — Risk / Return Rank
CRS
SAP
CRS vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carpenter Technology Corporation (CRS) 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.
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.
| CRS | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.88 | ||
| Sortino ratioReturn per unit of downside risk | +5.30 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.75 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | -0.91 | +7.33 |
| Martin ratioReturn relative to average drawdown | 15.12 | -1.58 | +16.70 |
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Drawdowns
CRS vs. SAP - Drawdown Comparison
The maximum CRS drawdown since its inception was -84.68%, roughly equal to the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for CRS and SAP.
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Drawdown Indicators
| CRS | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.68% | -87.91% | +3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -19.08% | -51.24% | +32.16% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -51.24% | +22.50% |
Max Drawdown (5Y)Largest decline over 5 years | -41.86% | -51.24% | +9.38% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -51.31% | -23.39% |
Current DrawdownCurrent decline from peak | -1.64% | -49.97% | +48.33% |
Average DrawdownAverage peak-to-trough decline | -27.22% | -28.26% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 29.26% | -21.17% |
Volatility
CRS vs. SAP - Volatility Comparison
The current volatility for Carpenter Technology Corporation (CRS) is 10.56%, while SAP SE (SAP) has a volatility of 14.56%. This indicates that CRS experiences smaller price fluctuations and is considered to be less risky than SAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRS | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 14.56% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 33.59% | 31.18% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.36% | 34.69% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.62% | 28.90% | +17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.80% | 28.29% | +20.51% |
Dividends
CRS vs. SAP - Dividend Comparison
CRS's dividend yield for the trailing twelve months is around 0.14%, less than SAP's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRS Carpenter Technology Corporation | 0.14% | 0.25% | 0.47% | 1.13% | 2.17% | 2.74% | 2.75% | 1.61% | 2.13% | 1.41% | 1.99% | 2.38% |
SAP SAP SE | 1.91% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
CRS vs. SAP - Financials Comparison
This section allows you to compare key financial metrics between Carpenter Technology Corporation 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
CRS vs. SAP - Profitability Comparison
CRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported a gross profit of 251.80M and revenue of 811.50M. Therefore, the gross margin over that period was 31.0%.
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%.
CRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported an operating income of 186.50M and revenue of 811.50M, resulting in an operating margin of 23.0%.
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%.
CRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported a net income of 139.60M and revenue of 811.50M, resulting in a net margin of 17.2%.
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
CRS and SAP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (14.56%) compared to CRS (10.56%). In terms of maximum drawdown, CRS dropped -84.68% vs SAP's -87.91%.
CRS currently has the higher Sharpe Ratio (2.54 vs -1.34), 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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