ESLT vs. BYRN
ESLT (Elbit Systems Ltd) and BYRN (Byrna Technologies Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, ESLT returned 23.92%/yr vs 6.08%/yr for BYRN. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
ESLT vs. BYRN - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 33.45% return, which is significantly higher than BYRN's -74.21% return. Over the past 10 years, ESLT has outperformed BYRN with an annualized return of 23.92%, while BYRN has yielded a comparatively lower 6.08% annualized return.
ESLT
- 1D
- -6.05%
- 1M
- 4.97%
- 6M
- 5.49%
- YTD
- 33.45%
- 1Y
- 70.35%
- 3Y*
- 56.91%
- 5Y*
- 43.37%
- 10Y*
- 23.92%
- ALL TIME*
- 21.91%
BYRN
- 1D
- 9.07%
- 1M
- -30.61%
- 6M
- -70.34%
- YTD
- -74.21%
- 1Y
- -80.85%
- 3Y*
- 4.91%
- 5Y*
- -29.00%
- 10Y*
- 6.08%
- ALL TIME*
- 3.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.27M | $5.41M | $3.57M | |
| $61.68M | $61.53M | $84.15M |
ESLT vs. BYRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 33.45% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
BYRN Byrna Technologies Inc. | -74.21% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
Correlation
The correlation between ESLT and BYRN is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.08 |
The correlation between ESLT and BYRN shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ESLT:
$36.03B
BYRN:
$98.26M
ESLT:
$12.29
BYRN:
-$0.16
ESLT:
4.47
BYRN:
0.94
ESLT:
8.69
BYRN:
1.72
ESLT:
$8.23B
BYRN:
$108.86M
ESLT:
$2.03B
BYRN:
$57.17M
ESLT:
$861.06M
BYRN:
-$3.55M
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Return for Risk
ESLT vs. BYRN — Risk / Return Rank
ESLT
BYRN
ESLT vs. BYRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) and Byrna Technologies Inc. (BYRN). 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.
| ESLT | BYRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.74 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.92 | +3.33 |
| Martin ratioReturn relative to average drawdown | 5.65 | -1.48 | +7.12 |
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Drawdowns
ESLT vs. BYRN - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum BYRN drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for ESLT and BYRN.
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Drawdown Indicators
| ESLT | BYRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -92.51% | +38.72% |
Max Drawdown (1Y)Largest decline over 1 year | -29.27% | -88.49% | +59.22% |
Max Drawdown (3Y)Largest decline over 3 years | -29.27% | -90.70% | +61.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -92.51% | +59.62% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -92.51% | +59.62% |
Current DrawdownCurrent decline from peak | -24.00% | -87.34% | +63.34% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -52.62% | +38.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.50% | 54.75% | -42.25% |
Volatility
ESLT vs. BYRN - Volatility Comparison
The current volatility for Elbit Systems Ltd (ESLT) is 11.93%, while Byrna Technologies Inc. (BYRN) has a volatility of 50.70%. This indicates that ESLT experiences smaller price fluctuations and is considered to be less risky than BYRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESLT | BYRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.93% | 50.70% | -38.77% |
Volatility (6M)Calculated over the trailing 6-month period | 36.83% | 77.31% | -40.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.03% | 82.22% | -37.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.05% | 75.62% | -41.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 96.48% | -66.79% |
Dividends
ESLT vs. BYRN - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.46%, while BYRN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESLT Elbit Systems Ltd | 0.46% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
Financials
ESLT vs. BYRN - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd and Byrna Technologies Inc.. 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
ESLT vs. BYRN - Profitability Comparison
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a gross profit of 1.78M and revenue of 16.39M. Therefore, the gross margin over that period was 10.9%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported an operating income of -12.85M and revenue of 16.39M, resulting in an operating margin of -78.4%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a net income of -10.09M and revenue of 16.39M, resulting in a net margin of -61.6%.
Frequently Asked Questions
ESLT and BYRN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYRN has higher volatility (50.70%) compared to ESLT (11.93%). In terms of maximum drawdown, ESLT dropped -53.79% vs BYRN's -92.51%.
ESLT currently has the higher Sharpe Ratio (1.57 vs -0.99), 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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