ERF.PA vs. BVI.PA

Last updated Jun 4, 2026

ERF.PA (Eurofins Scientific SE) and BVI.PA (Bureau Veritas SA) are both stocks. ERF.PA operates in Diagnostics & Research (Healthcare), while BVI.PA operates in Consulting Services (Industrials). Over the past 10 years, ERF.PA returned 7.01%/yr vs 5.15%/yr for BVI.PA. At a 0.34 correlation, their price movements are largely independent.

Performance

ERF.PA vs. BVI.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Eurofins Scientific SE (ERF.PA) and Bureau Veritas SA (BVI.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ERF.PA achieves a 0.18% return, which is significantly higher than BVI.PA's -4.55% return. Over the past 10 years, ERF.PA has outperformed BVI.PA with an annualized return of 7.01%, while BVI.PA has yielded a comparatively lower 5.15% annualized return.

ERF.PA

• 1D: 0.72%
• 1M: 6.77%
• YTD: 0.18%
• 6M: 6.71%
• 1Y: 8.23%
• 3Y*: 1.83%
• 5Y*: -4.66%
• 10Y*: 7.01%

BVI.PA

• 1D: -1.03%
• 1M: -0.30%
• YTD: -4.55%
• 6M: -1.81%
• 1Y: -10.69%
• 3Y*: 5.17%
• 5Y*: 2.87%
• 10Y*: 5.15%

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

ERF.PA vs. BVI.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERF.PA Eurofins Scientific SE	0.18%	27.97%	-15.45%	-10.51%	-37.53%	59.66%	38.87%	52.70%	-35.46%	25.83%
BVI.PA Bureau Veritas SA	-4.55%	-4.39%	32.45%	-4.12%	-13.81%	35.93%	-6.45%	34.17%	-19.84%	27.06%

Correlation

The correlation between ERF.PA and BVI.PA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.34

The correlation between ERF.PA and BVI.PA shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ERF.PA vs. BVI.PA — Risk / Return Rank

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

ERF.PA

ERF.PA Risk / Return Rank: 48
ERF.PA Sharpe Ratio Rank: 52
ERF.PA Sortino Ratio Rank: 45
ERF.PA Omega Ratio Rank: 45
ERF.PA Calmar Ratio Rank: 51
ERF.PA Martin Ratio Rank: 49

BVI.PA

BVI.PA Risk / Return Rank: 16
BVI.PA Sharpe Ratio Rank: 20
BVI.PA Sortino Ratio Rank: 19
BVI.PA Omega Ratio Rank: 19
BVI.PA Calmar Ratio Rank: 12
BVI.PA Martin Ratio Rank: 10

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.

ERF.PA vs. BVI.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eurofins Scientific SE (ERF.PA) and Bureau Veritas SA (BVI.PA). 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.

	ERF.PA	BVI.PA	Difference
Sharpe ratio: Return per unit of total volatility	0.30	-0.50	+0.80
Sortino ratio: Return per unit of downside risk	0.60	-0.53	+1.13
Omega ratio: Gain probability vs. loss probability	1.08	0.93	+0.15
Calmar ratio: Return relative to maximum drawdown	0.40	-0.77	+1.17
Martin ratio: Return relative to average drawdown	0.78	-1.34	+2.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERF.PA vs. BVI.PA - Sharpe Ratio Comparison

The current ERF.PA Sharpe Ratio is 0.30, which is higher than the BVI.PA Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of ERF.PA and BVI.PA, 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

	ERF.PA	BVI.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	-0.50	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.14	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.23	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.32	+0.18

Drawdowns

ERF.PA vs. BVI.PA - Drawdown Comparison

The maximum ERF.PA drawdown since its inception was -86.35%, which is greater than BVI.PA's maximum drawdown of -41.65%. Use the drawdown chart below to compare losses from any high point for ERF.PA and BVI.PA.

Drawdown Indicators

	ERF.PA	BVI.PA	Difference
Max Drawdown Largest peak-to-trough decline	-86.35%	-41.65%	-44.70%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-13.77%	-6.61%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-20.96%	-8.38%
Max Drawdown (5Y) Largest decline over 5 years	-63.93%	-24.72%	-39.21%
Max Drawdown (10Y) Largest decline over 10 years	-63.93%	-37.46%	-26.47%
Current Drawdown Current decline from peak	-47.86%	-14.46%	-33.40%
Average Drawdown Average peak-to-trough decline	-31.66%	-11.09%	-20.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.48%	7.47%	+3.01%

Volatility

ERF.PA vs. BVI.PA - Volatility Comparison

Eurofins Scientific SE (ERF.PA) has a higher volatility of 5.37% compared to Bureau Veritas SA (BVI.PA) at 5.09%. This indicates that ERF.PA's price experiences larger fluctuations and is considered to be riskier than BVI.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERF.PA	BVI.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	5.09%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	22.19%	18.96%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	26.87%	21.34%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.57%	20.60%	+10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.81%	21.85%	+9.96%

Dividends

ERF.PA vs. BVI.PA - Dividend Comparison

ERF.PA's dividend yield for the trailing twelve months is around 1.17%, less than BVI.PA's 7.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BVI.PA Bureau Veritas SA	7.26%	3.31%	2.83%	3.37%	2.15%	1.23%	0.00%	2.41%	3.15%	2.41%	2.77%	2.61%
ERF.PA Eurofins Scientific SE	1.17%	0.96%	1.01%	1.70%	1.49%	0.62%	0.00%	0.58%	0.74%	0.39%	0.36%	0.41%

Financials

Frequently Asked Questions

Can I hold both ERF.PA and BVI.PA in my portfolio?

ERF.PA and BVI.PA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.