EMBJ vs. HEINY
EMBJ (Embraer S.A) and HEINY (Heineken NV ADR) are both stocks. EMBJ operates in Aerospace & Defense (Industrials), while HEINY operates in Beverages - Brewers (Consumer Defensive). Over the past 10 years, EMBJ returned 12.21%/yr vs 1.10%/yr for HEINY. At a 0.22 correlation, their price movements are largely independent.
Performance
EMBJ vs. HEINY - Performance Comparison
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Returns By Period
In the year-to-date period, EMBJ achieves a 3.56% return, which is significantly lower than HEINY's 8.51% return. Over the past 10 years, EMBJ has outperformed HEINY with an annualized return of 12.21%, while HEINY has yielded a comparatively lower 1.10% annualized return.
EMBJ
- 1D
- 0.72%
- 1M
- 14.60%
- 6M
- -6.71%
- YTD
- 3.56%
- 1Y
- 24.68%
- 3Y*
- 65.59%
- 5Y*
- 36.77%
- 10Y*
- 12.21%
HEINY
- 1D
- 1.75%
- 1M
- 6.45%
- 6M
- 8.37%
- YTD
- 8.51%
- 1Y
- 1.53%
- 3Y*
- -3.42%
- 5Y*
- -4.03%
- 10Y*
- 1.10%
EMBJ vs. HEINY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMBJ Embraer S.A | 3.56% | 77.16% | 98.81% | 68.80% | -38.42% | 160.65% | -65.06% | -11.93% | -7.30% | 26.56% |
HEINY Heineken NV ADR | 8.51% | 18.20% | -29.20% | 10.55% | -15.50% | 2.22% | 5.70% | 23.24% | -14.46% | 41.15% |
Correlation
The correlation between EMBJ and HEINY is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012 | 0.22 |
The correlation between EMBJ and HEINY shifts across timeframes, from 0.03 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
EMBJ:
$12.11B
HEINY:
$48.34B
EMBJ:
$1.71
HEINY:
€2.55
EMBJ:
38.57
HEINY:
14.96
EMBJ:
1.51
HEINY:
0.73
EMBJ:
3.63
HEINY:
2.37
EMBJ:
$7.95B
HEINY:
€58.47B
EMBJ:
$1.40B
HEINY:
€17.32B
EMBJ:
$602.35M
HEINY:
€11.16B
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Return for Risk
EMBJ vs. HEINY — Risk / Return Rank
EMBJ
HEINY
EMBJ vs. HEINY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Embraer S.A (EMBJ) and Heineken NV ADR (HEINY). 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.
| EMBJ | HEINY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.05 | +0.68 |
| Martin ratioReturn relative to average drawdown | 1.58 | 0.08 | +1.51 |
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Drawdowns
EMBJ vs. HEINY - Drawdown Comparison
The maximum EMBJ drawdown since its inception was -90.53%, which is greater than HEINY's maximum drawdown of -43.42%. Use the drawdown chart below to compare losses from any high point for EMBJ and HEINY.
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Drawdown Indicators
| EMBJ | HEINY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.53% | -43.42% | -47.11% |
Max Drawdown (1Y)Largest decline over 1 year | -32.21% | -20.87% | -11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | -38.38% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -57.20% | -41.78% | -15.42% |
Max Drawdown (10Y)Largest decline over 10 years | -85.26% | -43.42% | -41.84% |
Current DrawdownCurrent decline from peak | -16.56% | -22.29% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -40.22% | -13.21% | -27.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.74% | 13.20% | +1.54% |
Volatility
EMBJ vs. HEINY - Volatility Comparison
Embraer S.A (EMBJ) has a higher volatility of 13.13% compared to Heineken NV ADR (HEINY) at 6.97%. This indicates that EMBJ's price experiences larger fluctuations and is considered to be riskier than HEINY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMBJ | HEINY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 6.97% | +6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 35.46% | 18.44% | +17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.63% | 24.20% | +19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.83% | 24.71% | +22.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.72% | 23.08% | +26.64% |
Dividends
EMBJ vs. HEINY - Dividend Comparison
EMBJ's dividend yield for the trailing twelve months is around 1.71%, less than HEINY's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBJ Embraer S.A | 1.71% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 1.65% | 0.45% | 0.56% |
HEINY Heineken NV ADR | 2.57% | 2.56% | 2.63% | 2.03% | 1.71% | 0.96% | 0.83% | 1.41% | 1.67% | 1.17% | 1.68% | 1.23% |
Financials
EMBJ vs. HEINY - Financials Comparison
This section allows you to compare key financial metrics between Embraer S.A and Heineken NV ADR. 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
EMBJ vs. HEINY - Profitability Comparison
EMBJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Embraer S.A reported a gross profit of 259.27M and revenue of 1.44B. Therefore, the gross margin over that period was 18.0%.
HEINY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Heineken NV ADR reported a gross profit of 1.87B and revenue of 14.47B. Therefore, the gross margin over that period was 12.9%.
EMBJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Embraer S.A reported an operating income of 73.95M and revenue of 1.44B, resulting in an operating margin of 5.1%.
HEINY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Heineken NV ADR reported an operating income of 1.87B and revenue of 14.47B, resulting in an operating margin of 12.9%.
EMBJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Embraer S.A reported a net income of 33.26M and revenue of 1.44B, resulting in a net margin of 2.3%.
HEINY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Heineken NV ADR reported a net income of 1.13B and revenue of 14.47B, resulting in a net margin of 7.8%.
Frequently Asked Questions
EMBJ and HEINY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMBJ has higher volatility (13.13%) compared to HEINY (6.97%). In terms of maximum drawdown, EMBJ dropped -90.53% vs HEINY's -43.42%.
EMBJ currently has the higher Sharpe Ratio (0.54 vs 0.04), 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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