HEIJM.AS vs. DBG.PA

Last updated Jun 5, 2026

HEIJM.AS (Heijmans NV) and DBG.PA (Derichebourg) are both stocks. Both are in the Industrials sector — HEIJM.AS in Engineering & Construction, DBG.PA in Waste Management. Over the past 10 years, HEIJM.AS returned 33.70%/yr vs 17.57%/yr for DBG.PA. At a 0.32 correlation, their price movements are largely independent.

Performance

HEIJM.AS vs. DBG.PA - Performance Comparison

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

Returns By Period

In the year-to-date period, HEIJM.AS achieves a 56.68% return, which is significantly higher than DBG.PA's 51.81% return. Over the past 10 years, HEIJM.AS has outperformed DBG.PA with an annualized return of 33.70%, while DBG.PA has yielded a comparatively lower 17.57% annualized return.

HEIJM.AS

• 1D: -1.25%
• 1M: 14.00%
• YTD: 56.68%
• 6M: 67.46%
• 1Y: 91.53%
• 3Y*: 124.85%
• 5Y*: 59.42%
• 10Y*: 33.70%

DBG.PA

• 1D: -0.39%
• 1M: 5.94%
• YTD: 51.81%
• 6M: 40.06%
• 1Y: 76.94%
• 3Y*: 29.60%
• 5Y*: 6.21%
• 10Y*: 17.57%

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

HEIJM.AS vs. DBG.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEIJM.AS Heijmans NV	56.68%	123.45%	174.33%	30.02%	-27.84%	68.11%	30.85%	-6.25%	-17.59%	75.87%
DBG.PA Derichebourg	51.81%	29.99%	9.21%	-3.25%	-44.02%	72.62%	66.24%	-5.04%	-55.30%	117.91%

Correlation

The correlation between HEIJM.AS and DBG.PA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 21, 1998	0.32

The correlation between HEIJM.AS and DBG.PA shifts across timeframes, from 0.32 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HEIJM.AS vs. DBG.PA — 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: 88
HEIJM.AS Sharpe Ratio Rank: 89
HEIJM.AS Sortino Ratio Rank: 87
HEIJM.AS Omega Ratio Rank: 85
HEIJM.AS Calmar Ratio Rank: 90
HEIJM.AS Martin Ratio Rank: 90

DBG.PA

DBG.PA Risk / Return Rank: 88
DBG.PA Sharpe Ratio Rank: 89
DBG.PA Sortino Ratio Rank: 88
DBG.PA Omega Ratio Rank: 88
DBG.PA Calmar Ratio Rank: 88
DBG.PA Martin Ratio Rank: 88

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. DBG.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Heijmans NV (HEIJM.AS) and Derichebourg (DBG.PA). 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.

	HEIJM.AS	DBG.PA	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.10	0.00
Sortino ratio: Return per unit of downside risk	2.93	3.00	-0.06
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	4.69	4.12	+0.56
Martin ratio: Return relative to average drawdown	11.88	10.47	+1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEIJM.AS vs. DBG.PA - Sharpe Ratio Comparison

The current HEIJM.AS Sharpe Ratio is 2.10, which is comparable to the DBG.PA Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of HEIJM.AS and DBG.PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HEIJM.AS	DBG.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.10	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.64	0.16	+1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.43	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.10	+0.04

Drawdowns

HEIJM.AS vs. DBG.PA - Drawdown Comparison

The maximum HEIJM.AS drawdown since its inception was -94.48%, roughly equal to the maximum DBG.PA drawdown of -97.57%. Use the drawdown chart below to compare losses from any high point for HEIJM.AS and DBG.PA.

Drawdown Indicators

	HEIJM.AS	DBG.PA	Difference
Max Drawdown Largest peak-to-trough decline	-94.48%	-97.57%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-18.72%	-18.55%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-29.82%	+10.42%
Max Drawdown (5Y) Largest decline over 5 years	-37.81%	-65.27%	+27.46%
Max Drawdown (10Y) Largest decline over 10 years	-61.01%	-75.15%	+14.14%
Current Drawdown Current decline from peak	-3.74%	-72.68%	+68.94%
Average Drawdown Average peak-to-trough decline	-59.77%	-71.72%	+11.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	7.29%	+0.14%

Volatility

HEIJM.AS vs. DBG.PA - Volatility Comparison

Heijmans NV (HEIJM.AS) and Derichebourg (DBG.PA) have volatilities of 13.88% and 13.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEIJM.AS	DBG.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.88%	13.77%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	32.15%	29.43%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	41.97%	36.58%	+5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.55%	37.23%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.10%	40.11%	-3.01%

Dividends

HEIJM.AS vs. DBG.PA - Dividend Comparison

HEIJM.AS's dividend yield for the trailing twelve months is around 2.30%, more than DBG.PA's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DBG.PA Derichebourg	1.28%	1.91%	2.99%	6.30%	5.80%	0.00%	1.87%	3.84%	3.50%	0.22%	1.19%
HEIJM.AS Heijmans NV	2.30%	2.43%	2.82%	8.33%	8.70%	4.90%	3.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HEIJM.AS and DBG.PA in my portfolio?

HEIJM.AS and DBG.PA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.