FSS vs. SAP
FSS (Federal Signal Corporation) and SAP (SAP SE) are both stocks. FSS operates in Pollution & Treatment Controls (Industrials), while SAP operates in Software - Application (Technology). Over the past 10 years, FSS returned 26.27%/yr vs 9.16%/yr for SAP. At a 0.35 correlation, their price movements are largely independent.
Performance
FSS vs. SAP - Performance Comparison
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Returns By Period
In the year-to-date period, FSS achieves a 9.14% return, which is significantly higher than SAP's -35.76% return. Over the past 10 years, FSS has outperformed SAP with an annualized return of 26.27%, while SAP has yielded a comparatively lower 9.16% annualized return.
FSS
- 1D
- 0.64%
- 1M
- 4.96%
- YTD
- 9.14%
- 6M
- 3.87%
- 1Y
- 15.40%
- 3Y*
- 24.70%
- 5Y*
- 25.00%
- 10Y*
- 26.27%
SAP
- 1D
- 2.59%
- 1M
- -12.83%
- YTD
- -35.76%
- 6M
- -36.30%
- 1Y
- -46.34%
- 3Y*
- 6.09%
- 5Y*
- 3.26%
- 10Y*
- 9.16%
FSS vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSS Federal Signal Corporation | 9.14% | 18.21% | 21.05% | 66.26% | 8.22% | 31.80% | 3.99% | 63.92% | 0.39% | 30.79% |
SAP SAP SE | -35.76% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between FSS and SAP is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.35 |
Over the past year, the correlation between FSS and SAP has dropped to 0.07 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
FSS:
$7.27B
SAP:
$179.15B
FSS:
$4.41
SAP:
€6.13
FSS:
26.82
SAP:
21.90
FSS:
1.05
SAP:
0.47
FSS:
3.10
SAP:
4.22
FSS:
5.07
SAP:
3.49
FSS:
$2.34B
SAP:
€37.34B
FSS:
$670.20M
SAP:
€27.51B
FSS:
$435.10M
SAP:
€12.97B
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Return for Risk
FSS vs. SAP — Risk / Return Rank
FSS
SAP
FSS vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal Signal Corporation (FSS) and SAP SE (SAP). 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.
| FSS | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.75 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.91 | +1.72 |
| Martin ratioReturn relative to average drawdown | 1.41 | -1.58 | +2.99 |
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Drawdowns
FSS vs. SAP - Drawdown Comparison
The maximum FSS drawdown since its inception was -83.43%, smaller than the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for FSS and SAP.
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Drawdown Indicators
| FSS | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.43% | -87.91% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | -51.24% | +32.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.54% | -51.24% | +19.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -51.24% | +18.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.96% | -51.31% | +18.35% |
Current DrawdownCurrent decline from peak | -8.55% | -49.97% | +41.42% |
Average DrawdownAverage peak-to-trough decline | -22.56% | -28.26% | +5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 29.26% | -18.28% |
Volatility
FSS vs. SAP - Volatility Comparison
The current volatility for Federal Signal Corporation (FSS) is 9.92%, while SAP SE (SAP) has a volatility of 14.56%. This indicates that FSS experiences smaller price fluctuations and is considered to be less risky than SAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSS | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 14.56% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 31.18% | -7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 34.69% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.75% | 28.90% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.64% | 28.29% | +3.35% |
Dividends
FSS vs. SAP - Dividend Comparison
FSS's dividend yield for the trailing twelve months is around 0.49%, less than SAP's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSS Federal Signal Corporation | 0.49% | 0.52% | 0.52% | 0.51% | 0.77% | 0.83% | 0.96% | 0.99% | 1.56% | 1.39% | 1.79% | 1.58% |
SAP SAP SE | 1.91% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
FSS vs. SAP - Financials Comparison
This section allows you to compare key financial metrics between Federal Signal Corporation and SAP SE. 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
FSS vs. SAP - Profitability Comparison
FSS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal Signal Corporation reported a gross profit of 179.40M and revenue of 625.60M. Therefore, the gross margin over that period was 28.7%.
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SAP SE reported a gross profit of 6.97B and revenue of 9.56B. Therefore, the gross margin over that period was 73.0%.
FSS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal Signal Corporation reported an operating income of 99.70M and revenue of 625.60M, resulting in an operating margin of 15.9%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SAP SE reported an operating income of 2.75B and revenue of 9.56B, resulting in an operating margin of 28.8%.
FSS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal Signal Corporation reported a net income of 70.40M and revenue of 625.60M, resulting in a net margin of 11.3%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SAP SE reported a net income of 1.93B and revenue of 9.56B, resulting in a net margin of 20.2%.
Frequently Asked Questions
FSS and SAP have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (14.56%) compared to FSS (9.92%). In terms of maximum drawdown, FSS dropped -83.43% vs SAP's -87.91%.
FSS currently has the higher Sharpe Ratio (0.43 vs -1.34), 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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