GEV vs. SAP

Last updated Jun 13, 2026

GEV (GE Vernova Inc.) and SAP (SAP SE) are both stocks. GEV operates in Specialty Industrial Machinery (Industrials), while SAP operates in Software - Application (Technology). Over the past year, GEV returned 93.31% vs -44.64% for SAP. At a 0.20 correlation, their price movements are largely independent.

Performance

GEV vs. SAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GE Vernova Inc. (GEV) and SAP SE (SAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEV achieves a 44.12% return, which is significantly higher than SAP's -31.24% return.

GEV

• 1D: 3.74%
• 1M: -11.47%
• YTD: 44.12%
• 6M: 40.23%
• 1Y: 93.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SAP

• 1D: 0.33%
• 1M: 2.09%
• YTD: -31.24%
• 6M: -31.78%
• 1Y: -44.64%
• 3Y*: 8.04%
• 5Y*: 4.34%
• 10Y*: 9.59%

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

GEV vs. SAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GEV GE Vernova Inc.	44.12%	99.02%	186.24%
SAP SAP SE	-31.24%	-0.48%	26.77%

Correlation

The correlation between GEV and SAP is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.20

The correlation between GEV and SAP shifts across timeframes, from 0.03 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GEV : $255.86B SAP : $191.76B
EPS GEV : $34.12 SAP : €6.13
PE Ratio GEV : 27.57 SAP : 23.16
PEG Ratio GEV : 0.13 SAP : 0.49
PS Ratio GEV : 6.56 SAP : 4.46
PB Ratio GEV : 18.38 SAP : 3.70
Total Revenue (TTM) GEV : $39.38B SAP : €37.34B
Gross Profit (TTM) GEV : $7.85B SAP : €27.51B
EBITDA (TTM) GEV : $3.32B SAP : €12.97B

Return for Risk

GEV vs. SAP — Risk / Return Rank

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

GEV

GEV Risk / Return Rank: 88
GEV Sharpe Ratio Rank: 89
GEV Sortino Ratio Rank: 87
GEV Omega Ratio Rank: 84
GEV Calmar Ratio Rank: 89
GEV Martin Ratio Rank: 90

SAP

SAP Risk / Return Rank: 3
SAP Sharpe Ratio Rank: 1
SAP Sortino Ratio Rank: 3
SAP Omega Ratio Rank: 3
SAP Calmar Ratio Rank: 5
SAP Martin Ratio Rank: 5

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.

GEV vs. SAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GE Vernova Inc. (GEV) 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.

	GEV	SAP	Difference
Sharpe ratio: Return per unit of total volatility	1.91	-1.31	+3.22
Sortino ratio: Return per unit of downside risk	2.68	-1.92	+4.59
Omega ratio: Gain probability vs. loss probability	1.33	0.75	+0.57
Calmar ratio: Return relative to maximum drawdown	3.82	-0.94	+4.76
Martin ratio: Return relative to average drawdown	11.27	-1.58	+12.85

GEV vs. SAP - Sharpe Ratio Comparison

The current GEV Sharpe Ratio is 1.91, which is higher than the SAP Sharpe Ratio of -1.31. The chart below compares the historical Sharpe Ratios of GEV and SAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GEV vs. SAP - Drawdown Comparison

The maximum GEV drawdown since its inception was -38.29%, smaller than the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for GEV and SAP.

Drawdown Indicators

	GEV	SAP	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-87.91%	+49.62%
Max Drawdown (1Y) Largest decline over 1 year	-24.57%	-47.71%	+23.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.31%	—
Current Drawdown Current decline from peak	-18.17%	-46.45%	+28.28%
Average Drawdown Average peak-to-trough decline	-6.99%	-28.24%	+21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.31%	28.29%	-19.98%

Volatility

GEV vs. SAP - Volatility Comparison

The current volatility for GE Vernova Inc. (GEV) is 13.17%, while SAP SE (SAP) has a volatility of 14.54%. This indicates that GEV 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.

Volatility by Period

	GEV	SAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.17%	14.54%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	34.45%	30.61%	+3.84%
Volatility (1Y) Calculated over the trailing 1-year period	49.09%	34.27%	+14.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.62%	28.76%	+24.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.62%	28.37%	+25.25%

Dividends

GEV vs. SAP - Dividend Comparison

GEV's dividend yield for the trailing twelve months is around 0.16%, less than SAP's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEV GE Vernova Inc.	0.16%	0.11%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SAP SAP SE	1.78%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%

Financials

GEV vs. SAP - Profitability Comparison

The chart below illustrates the profitability comparison between GE Vernova Inc. and SAP SE over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a gross profit of 1.78B and revenue of 9.34B. Therefore, the gross margin over that period was 19.1%.

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%.

GEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported an operating income of 179.00M and revenue of 9.34B, resulting in an operating margin of 1.9%.

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%.

GEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a net income of 4.75B and revenue of 9.34B, resulting in a net margin of 50.8%.

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

Can I hold both GEV and SAP in my portfolio?

GEV and SAP have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEV or SAP?

SAP has higher volatility (14.54%) compared to GEV (13.17%). In terms of maximum drawdown, GEV dropped -38.29% vs SAP's -87.91%.

Which has better risk-adjusted returns?

GEV currently has the higher Sharpe Ratio (1.91 vs -1.31), 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.