EXO.AS vs. RACE

Last updated Jun 4, 2026

EXO.AS (Exor N.V.) and RACE (Ferrari N.V.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 3 years, EXO.AS returned -6.05%/yr vs 3.63%/yr for RACE. At a 0.47 correlation, their price movements are largely independent.

Performance

EXO.AS vs. RACE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Exor N.V. (EXO.AS) and Ferrari N.V. (RACE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EXO.AS is traded in EUR, while RACE is traded in USD. To make them comparable, the RACE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXO.AS achieves a -9.42% return, which is significantly lower than RACE's -3.50% return.

EXO.AS

• 1D: -2.69%
• 1M: -1.61%
• YTD: -9.42%
• 6M: -9.36%
• 1Y: -22.24%
• 3Y*: -6.05%
• 5Y*: —
• 10Y*: —

RACE

• 1D: -2.45%
• 1M: 2.34%
• YTD: -3.50%
• 6M: -10.03%
• 1Y: -27.40%
• 3Y*: 3.63%
• 5Y*: 12.03%
• 10Y*: 24.00%

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

EXO.AS vs. RACE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EXO.AS Exor N.V.	-9.42%	-17.71%	-1.72%	33.25%	3.30%
RACE Ferrari N.V.	-3.50%	-22.13%	34.68%	54.35%	-4.89%

Correlation

The correlation between EXO.AS and RACE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Aug 15, 2022	0.47

The correlation between EXO.AS and RACE has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

EXO.AS vs. RACE — Risk / Return Rank

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

EXO.AS

EXO.AS Risk / Return Rank: 11
EXO.AS Sharpe Ratio Rank: 6
EXO.AS Sortino Ratio Rank: 9
EXO.AS Omega Ratio Rank: 9
EXO.AS Calmar Ratio Rank: 14
EXO.AS Martin Ratio Rank: 14

RACE

RACE Risk / Return Rank: 14
RACE Sharpe Ratio Rank: 10
RACE Sortino Ratio Rank: 13
RACE Omega Ratio Rank: 12
RACE Calmar Ratio Rank: 16
RACE Martin Ratio Rank: 18

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.

EXO.AS vs. RACE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Exor N.V. (EXO.AS) and Ferrari N.V. (RACE). 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.

	EXO.AS	RACE	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	-0.80	-0.13
Sortino ratio: Return per unit of downside risk	-1.17	-0.98	-0.19
Omega ratio: Gain probability vs. loss probability	0.85	0.87	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.72	0.00
Martin ratio: Return relative to average drawdown	-1.19	-1.13	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXO.AS vs. RACE - Sharpe Ratio Comparison

The current EXO.AS Sharpe Ratio is -0.93, which is comparable to the RACE Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of EXO.AS and RACE, 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

	EXO.AS	RACE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	-0.80	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.66	-0.65

Drawdowns

EXO.AS vs. RACE - Drawdown Comparison

The maximum EXO.AS drawdown since its inception was -39.28%, smaller than the maximum RACE drawdown of -44.76%. Use the drawdown chart below to compare losses from any high point for EXO.AS and RACE.

Drawdown Indicators

	EXO.AS	RACE	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-44.76%	+5.48%
Max Drawdown (1Y) Largest decline over 1 year	-30.69%	-38.33%	+7.64%
Max Drawdown (3Y) Largest decline over 3 years	-39.28%	-42.92%	+3.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.92%	—
Current Drawdown Current decline from peak	-37.10%	-36.28%	-0.82%
Average Drawdown Average peak-to-trough decline	-11.60%	-10.84%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.63%	24.21%	-5.58%

Volatility

EXO.AS vs. RACE - Volatility Comparison

The current volatility for Exor N.V. (EXO.AS) is 6.33%, while Ferrari N.V. (RACE) has a volatility of 11.91%. This indicates that EXO.AS experiences smaller price fluctuations and is considered to be less risky than RACE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXO.AS	RACE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	11.91%	-5.58%
Volatility (6M) Calculated over the trailing 6-month period	16.60%	23.63%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	23.66%	34.21%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	28.12%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	28.87%	-7.24%

Dividends

EXO.AS vs. RACE - Dividend Comparison

EXO.AS's dividend yield for the trailing twelve months is around 0.75%, less than RACE's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EXO.AS Exor N.V.	0.75%	0.68%	0.52%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RACE Ferrari N.V.	2.47%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%

Financials

Frequently Asked Questions

Can I hold both EXO.AS and RACE in my portfolio?

EXO.AS and RACE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.