HCI vs. SAP
HCI (HCI Group, Inc.) and SAP (SAP SE) are both stocks. HCI operates in Insurance - Property & Casualty (Financial Services), while SAP operates in Software - Application (Technology). Over the past 10 years, HCI returned 21.75%/yr vs 9.59%/yr for SAP. At a 0.19 correlation, their price movements are largely independent.
Performance
HCI vs. SAP - Performance Comparison
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Returns By Period
In the year-to-date period, HCI achieves a -15.87% return, which is significantly higher than SAP's -31.24% return. Over the past 10 years, HCI has outperformed SAP with an annualized return of 21.75%, while SAP has yielded a comparatively lower 9.59% annualized return.
HCI
- 1D
- -1.03%
- 1M
- 4.62%
- YTD
- -15.87%
- 6M
- -13.97%
- 1Y
- 2.02%
- 3Y*
- 42.68%
- 5Y*
- 14.15%
- 10Y*
- 21.75%
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%
HCI vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCI HCI Group, Inc. | -15.87% | 66.27% | 35.46% | 126.76% | -51.20% | 62.74% | 18.45% | -6.80% | 75.98% | -21.53% |
SAP SAP SE | -31.24% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between HCI and SAP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2008 | 0.19 |
Fundamentals
HCI:
$2.07B
SAP:
$191.76B
HCI:
$24.40
SAP:
€6.13
HCI:
6.58
SAP:
23.16
HCI:
0.01
SAP:
0.49
HCI:
2.23
SAP:
4.46
HCI:
1.90
SAP:
3.70
HCI:
$927.48M
SAP:
€37.34B
HCI:
$617.14M
SAP:
€27.51B
HCI:
$459.34M
SAP:
€12.97B
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Return for Risk
HCI vs. SAP — Risk / Return Rank
HCI
SAP
HCI vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCI Group, Inc. (HCI) 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.
| HCI | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.75 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.94 | +1.01 |
| Martin ratioReturn relative to average drawdown | 0.13 | -1.58 | +1.70 |
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Drawdowns
HCI vs. SAP - Drawdown Comparison
The maximum HCI drawdown since its inception was -78.79%, smaller than the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for HCI and SAP.
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Drawdown Indicators
| HCI | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.79% | -87.91% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -47.71% | +20.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.30% | -47.71% | +19.41% |
Max Drawdown (5Y)Largest decline over 5 years | -78.79% | -47.71% | -31.08% |
Max Drawdown (10Y)Largest decline over 10 years | -78.79% | -51.31% | -27.48% |
Current DrawdownCurrent decline from peak | -21.68% | -46.45% | +24.77% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -28.24% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.31% | 28.29% | -11.98% |
Volatility
HCI vs. SAP - Volatility Comparison
The current volatility for HCI Group, Inc. (HCI) is 7.53%, while SAP SE (SAP) has a volatility of 14.54%. This indicates that HCI 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
| HCI | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 14.54% | -7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 21.38% | 30.61% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.83% | 34.27% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.03% | 28.76% | +14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.57% | 28.37% | +13.20% |
Dividends
HCI vs. SAP - Dividend Comparison
HCI's dividend yield for the trailing twelve months is around 1.00%, less than SAP's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCI HCI Group, Inc. | 1.00% | 0.83% | 1.37% | 1.83% | 4.04% | 1.92% | 3.06% | 3.50% | 2.90% | 4.68% | 3.04% | 3.44% |
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
HCI vs. SAP - Financials Comparison
This section allows you to compare key financial metrics between HCI Group, Inc. 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
HCI vs. SAP - Profitability Comparison
HCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a gross profit of 177.28M and revenue of 242.88M. Therefore, the gross margin over that period was 73.0%.
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%.
HCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported an operating income of 115.38M and revenue of 242.88M, resulting in an operating margin of 47.5%.
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%.
HCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCI Group, Inc. reported a net income of 85.04M and revenue of 242.88M, resulting in a net margin of 35.0%.
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
HCI and SAP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (14.54%) compared to HCI (7.53%). In terms of maximum drawdown, HCI dropped -78.79% vs SAP's -87.91%.
HCI currently has the higher Sharpe Ratio (0.06 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.
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