FINMY vs. SAABY
FINMY (Leonardo SpA ADR) and SAABY (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, FINMY returned 49.61%/yr vs 48.80%/yr for SAABY. At a 0.35 correlation, their price movements are largely independent.
Performance
FINMY vs. SAABY - Performance Comparison
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Returns By Period
In the year-to-date period, FINMY achieves a 2.24% return, which is significantly higher than SAABY's -10.54% return.
FINMY
- 1D
- 1.45%
- 1M
- -3.50%
- YTD
- 2.24%
- 6M
- 0.13%
- 1Y
- 12.11%
- 3Y*
- 73.36%
- 5Y*
- 49.61%
- 10Y*
- 20.79%
SAABY
- 1D
- -0.89%
- 1M
- -8.22%
- YTD
- -10.54%
- 6M
- -10.32%
- 1Y
- 2.83%
- 3Y*
- 56.79%
- 5Y*
- 48.80%
- 10Y*
- —
FINMY vs. SAABY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FINMY Leonardo SpA ADR | 2.24% | 114.03% | 66.86% | 94.69% | 21.93% | 0.57% | -6.23% |
SAABY Saab AB (publ) | -10.54% | 177.56% | 39.85% | 47.07% | 67.28% | -48.79% | 82.51% |
Correlation
The correlation between FINMY and SAABY is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020 | 0.35 |
Over the past year, FINMY and SAABY have become more correlated (0.77) than their long-term average of 0.35, meaning their price movements have been converging.
Fundamentals
FINMY:
$66.61B
SAABY:
$28.01B
FINMY:
€0.76
SAABY:
SEK 5.98
FINMY:
33.21
SAABY:
41.66
FINMY:
2.20
SAABY:
1.27
FINMY:
1.51
SAABY:
3.27
FINMY:
6.10
SAABY:
6.04
FINMY:
€28.94B
SAABY:
SEK 82.29B
FINMY:
€228.21M
SAABY:
SEK 17.87B
FINMY:
-€1.34B
SAABY:
SEK 9.44B
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Return for Risk
FINMY vs. SAABY — Risk / Return Rank
FINMY
SAABY
FINMY vs. SAABY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leonardo SpA ADR (FINMY) and Saab AB (publ) (SAABY). 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.
| FINMY | SAABY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.08 | +0.46 |
| Martin ratioReturn relative to average drawdown | 1.17 | 0.18 | +0.99 |
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Drawdowns
FINMY vs. SAABY - Drawdown Comparison
The maximum FINMY drawdown since its inception was -81.99%, which is greater than SAABY's maximum drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for FINMY and SAABY.
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Drawdown Indicators
| FINMY | SAABY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -52.75% | -29.24% |
Max Drawdown (1Y)Largest decline over 1 year | -22.69% | -37.04% | +14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -37.04% | +14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.09% | -37.04% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -74.54% | — | — |
Current DrawdownCurrent decline from peak | -20.94% | -36.16% | +15.22% |
Average DrawdownAverage peak-to-trough decline | -36.21% | -17.03% | -19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.39% | 15.94% | -5.55% |
Volatility
FINMY vs. SAABY - Volatility Comparison
The current volatility for Leonardo SpA ADR (FINMY) is 11.22%, while Saab AB (publ) (SAABY) has a volatility of 14.28%. This indicates that FINMY experiences smaller price fluctuations and is considered to be less risky than SAABY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINMY | SAABY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 14.28% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 30.81% | 32.90% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.89% | 47.81% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.36% | 47.13% | -8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.97% | 57.41% | -15.44% |
Dividends
FINMY vs. SAABY - Dividend Comparison
FINMY's dividend yield for the trailing twelve months is around 2.29%, more than SAABY's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FINMY Leonardo SpA ADR | 2.29% | 1.04% | 1.11% | 0.92% | 1.73% | 0.00% | 1.45% | 0.88% | 1.30% | 2.20% |
SAABY Saab AB (publ) | 0.46% | 0.36% | 0.73% | 0.84% | 1.24% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FINMY vs. SAABY - Financials Comparison
This section allows you to compare key financial metrics between Leonardo SpA ADR and Saab AB (publ). 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
FINMY vs. SAABY - Profitability Comparison
FINMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported a gross profit of -4.32B and revenue of 10.51B. Therefore, the gross margin over that period was -41.1%.
SAABY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported a gross profit of 4.48B and revenue of 19.16B. Therefore, the gross margin over that period was 23.4%.
FINMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported an operating income of -4.34B and revenue of 10.51B, resulting in an operating margin of -41.3%.
SAABY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported an operating income of 1.91B and revenue of 19.16B, resulting in an operating margin of 10.0%.
FINMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Leonardo SpA ADR reported a net income of 717.65M and revenue of 10.51B, resulting in a net margin of 6.8%.
SAABY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported a net income of 1.44B and revenue of 19.16B, resulting in a net margin of 7.5%.
Frequently Asked Questions
FINMY and SAABY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAABY has higher volatility (14.28%) compared to FINMY (11.22%). In terms of maximum drawdown, FINMY dropped -81.99% vs SAABY's -52.75%.
FINMY currently has the higher Sharpe Ratio (0.29 vs 0.06), 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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