HEIJM.AS vs. ^AEX

Last updated Jul 21, 2026

HEIJM.AS (Heijmans NV) is a stock, while ^AEX (AEX Index) is an index. Over the past 10 years, HEIJM.AS returned 32.25%/yr vs 9.32%/yr for ^AEX. At a 0.50 correlation, their price movements are largely independent.

Performance

HEIJM.AS vs. ^AEX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Heijmans NV (HEIJM.AS) and AEX Index (^AEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEIJM.AS achieves a 46.57% return, which is significantly higher than ^AEX's 14.79% return. Over the past 10 years, HEIJM.AS has outperformed ^AEX with an annualized return of 32.25%, while ^AEX has yielded a comparatively lower 9.32% annualized return.

HEIJM.AS

• 1D: 1.10%
• 1M: -16.87%
• 6M: 45.49%
• YTD: 46.57%
• 1Y: 76.61%
• 3Y*: 106.13%
• 5Y*: 58.33%
• 10Y*: 32.25%
• ALL TIME*: 1.54%

^AEX

• 1D: -0.94%
• 1M: 1.28%
• 6M: 10.00%
• YTD: 14.79%
• 1Y: 19.75%
• 3Y*: 12.13%
• 5Y*: 8.19%
• 10Y*: 9.32%
• ALL TIME*: 6.60%

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

HEIJM.AS vs. ^AEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEIJM.AS Heijmans NV	46.57%	123.45%	172.28%	28.49%	-27.84%	68.11%	24.40%	-6.25%	-17.61%	75.91%
^AEX AEX Index	14.79%	8.27%	11.67%	14.20%	-13.65%	27.75%	3.31%	23.92%	-10.41%	12.71%

Correlation

The correlation between HEIJM.AS and ^AEX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 8, 2007	0.50

Return for Risk

HEIJM.AS vs. ^AEX — Risk / Return Rank

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

HEIJM.AS

HEIJM.AS Risk / Return Rank: 89
HEIJM.AS Sharpe Ratio Rank: 89
HEIJM.AS Sortino Ratio Rank: 88
HEIJM.AS Omega Ratio Rank: 85
HEIJM.AS Calmar Ratio Rank: 92
HEIJM.AS Martin Ratio Rank: 90

^AEX

^AEX Risk / Return Rank: 71
^AEX Sharpe Ratio Rank: 67
^AEX Sortino Ratio Rank: 68
^AEX Omega Ratio Rank: 64
^AEX Calmar Ratio Rank: 83
^AEX Martin Ratio Rank: 73

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.

HEIJM.AS vs. ^AEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Heijmans NV (HEIJM.AS) and AEX Index (^AEX). 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.

	HEIJM.AS	^AEX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.45	+0.31
Sortino ratio: Return per unit of downside risk	2.55	2.07	+0.48
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	4.03	2.81	+1.22
Martin ratio: Return relative to average drawdown	9.59	8.05	+1.54

HEIJM.AS vs. ^AEX - Sharpe Ratio Comparison

The current HEIJM.AS Sharpe Ratio is 1.76, which is comparable to the ^AEX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of HEIJM.AS and ^AEX, 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

HEIJM.AS vs. ^AEX - Drawdown Comparison

The maximum HEIJM.AS drawdown since its inception was -95.85%, which is greater than ^AEX's maximum drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for HEIJM.AS and ^AEX.

Drawdown Indicators

	HEIJM.AS	^AEX	Difference
Max Drawdown Largest peak-to-trough decline	-95.85%	-71.60%	-24.25%
Max Drawdown (1Y) Largest decline over 1 year	-18.72%	-6.82%	-11.90%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-16.03%	-3.37%
Max Drawdown (5Y) Largest decline over 5 years	-37.81%	-23.80%	-14.01%
Max Drawdown (10Y) Largest decline over 10 years	-60.53%	-35.78%	-24.75%
Current Drawdown Current decline from peak	-17.72%	-0.94%	-16.78%
Average Drawdown Average peak-to-trough decline	-80.11%	-25.59%	-54.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	2.39%	+5.52%

Volatility

HEIJM.AS vs. ^AEX - Volatility Comparison

Heijmans NV (HEIJM.AS) has a higher volatility of 11.54% compared to AEX Index (^AEX) at 3.11%. This indicates that HEIJM.AS's price experiences larger fluctuations and is considered to be riskier than ^AEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEIJM.AS	^AEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	3.11%	+8.43%
Volatility (6M) Calculated over the trailing 6-month period	33.76%	10.11%	+23.65%
Volatility (1Y) Calculated over the trailing 1-year period	42.93%	13.26%	+29.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.94%	15.40%	+20.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.02%	15.95%	+21.07%

Frequently Asked Questions

Can I hold both HEIJM.AS and ^AEX in my portfolio?

HEIJM.AS and ^AEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.