HEINY vs. EMBJ
HEINY (Heineken NV ADR) and EMBJ (Embraer S.A) are both stocks. HEINY operates in Beverages - Brewers (Consumer Defensive), while EMBJ operates in Aerospace & Defense (Industrials). Over the past 10 years, HEINY returned 0.79%/yr vs 11.48%/yr for EMBJ. At a 0.23 correlation, their price movements are largely independent.
Performance
HEINY vs. EMBJ - Performance Comparison
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Returns By Period
In the year-to-date period, HEINY achieves a 0.57% return, which is significantly higher than EMBJ's -4.70% return. Over the past 10 years, HEINY has underperformed EMBJ with an annualized return of 0.79%, while EMBJ has yielded a comparatively higher 11.48% annualized return.
HEINY
- 1D
- -0.32%
- 1M
- 1.04%
- YTD
- 0.57%
- 6M
- 2.01%
- 1Y
- -3.46%
- 3Y*
- -5.95%
- 5Y*
- -5.95%
- 10Y*
- 0.79%
EMBJ
- 1D
- 0.43%
- 1M
- 5.87%
- YTD
- -4.70%
- 6M
- -4.89%
- 1Y
- 17.87%
- 3Y*
- 62.51%
- 5Y*
- 31.38%
- 10Y*
- 11.48%
HEINY vs. EMBJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEINY Heineken NV ADR | 0.57% | 18.20% | -29.20% | 10.55% | -15.50% | 2.22% | 5.70% | 23.24% | -14.46% | 41.15% |
EMBJ Embraer S.A | -4.70% | 77.16% | 98.81% | 68.80% | -38.42% | 160.65% | -65.06% | -11.93% | -7.30% | 26.56% |
Correlation
The correlation between HEINY and EMBJ is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012 | 0.23 |
The correlation between HEINY and EMBJ shifts across timeframes, from 0.07 (3 years) to 0.23 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HEINY:
$45.19B
EMBJ:
$10.97B
HEINY:
€2.55
EMBJ:
$1.71
HEINY:
13.84
EMBJ:
35.68
HEINY:
0.68
EMBJ:
1.40
HEINY:
2.20
EMBJ:
3.35
HEINY:
€58.47B
EMBJ:
$7.95B
HEINY:
€17.32B
EMBJ:
$1.40B
HEINY:
€11.16B
EMBJ:
$602.35M
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Return for Risk
HEINY vs. EMBJ — Risk / Return Rank
HEINY
EMBJ
HEINY vs. EMBJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heineken NV ADR (HEINY) and Embraer S.A (EMBJ). 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.
| HEINY | EMBJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.56 | -0.72 |
| Martin ratioReturn relative to average drawdown | -0.27 | 1.22 | -1.49 |
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Drawdowns
HEINY vs. EMBJ - Drawdown Comparison
The maximum HEINY drawdown since its inception was -43.42%, smaller than the maximum EMBJ drawdown of -90.53%. Use the drawdown chart below to compare losses from any high point for HEINY and EMBJ.
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Drawdown Indicators
| HEINY | EMBJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.42% | -90.53% | +47.11% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -32.21% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -38.38% | -32.21% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -43.42% | -57.20% | +13.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | -85.26% | +41.84% |
Current DrawdownCurrent decline from peak | -27.97% | -23.21% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -40.26% | +27.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.07% | 14.64% | -1.57% |
Volatility
HEINY vs. EMBJ - Volatility Comparison
The current volatility for Heineken NV ADR (HEINY) is 8.44%, while Embraer S.A (EMBJ) has a volatility of 11.34%. This indicates that HEINY experiences smaller price fluctuations and is considered to be less risky than EMBJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEINY | EMBJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 11.34% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 34.79% | -17.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 43.56% | -19.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 46.81% | -22.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 49.70% | -26.60% |
Dividends
HEINY vs. EMBJ - Dividend Comparison
HEINY's dividend yield for the trailing twelve months is around 2.78%, more than EMBJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBJ Embraer S.A | 1.50% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 1.65% | 0.45% | 0.56% |
HEINY Heineken NV ADR | 2.78% | 2.56% | 2.63% | 2.03% | 1.71% | 0.96% | 0.83% | 1.41% | 1.67% | 1.17% | 1.68% | 1.23% |
Financials
HEINY vs. EMBJ - Financials Comparison
This section allows you to compare key financial metrics between Heineken NV ADR and Embraer S.A. 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
HEINY vs. EMBJ - Profitability Comparison
HEINY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heineken NV ADR reported a gross profit of 1.87B and revenue of 14.47B. Therefore, the gross margin over that period was 12.9%.
EMBJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Embraer S.A reported a gross profit of 259.27M and revenue of 1.44B. Therefore, the gross margin over that period was 18.0%.
HEINY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heineken NV ADR reported an operating income of 1.87B and revenue of 14.47B, resulting in an operating margin of 12.9%.
EMBJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Embraer S.A reported an operating income of 73.95M and revenue of 1.44B, resulting in an operating margin of 5.1%.
HEINY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heineken NV ADR reported a net income of 1.13B and revenue of 14.47B, resulting in a net margin of 7.8%.
EMBJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Embraer S.A reported a net income of 33.26M and revenue of 1.44B, resulting in a net margin of 2.3%.
Frequently Asked Questions
HEINY and EMBJ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMBJ has higher volatility (11.34%) compared to HEINY (8.44%). In terms of maximum drawdown, HEINY dropped -43.42% vs EMBJ's -90.53%.
EMBJ currently has the higher Sharpe Ratio (0.41 vs -0.15), 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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