HH.CO vs. OLVAS.HE

Last updated Jun 5, 2026

HH.CO (H+H International A/S) and OLVAS.HE (Olvi Oyj) are both stocks. HH.CO operates in Building Materials (Basic Materials), while OLVAS.HE operates in Beverages - Brewers (Consumer Defensive). Over the past 10 years, HH.CO returned 4.00%/yr vs 5.16%/yr for OLVAS.HE. At a 0.16 correlation, their price movements are largely independent.

Performance

HH.CO vs. OLVAS.HE - Performance Comparison

The chart below illustrates the hypothetical performance of a DKK 10,000 investment in H+H International A/S (HH.CO) and Olvi Oyj (OLVAS.HE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HH.CO is traded in DKK, while OLVAS.HE is traded in EUR. To make them comparable, the OLVAS.HE values have been converted to DKK using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with HH.CO having a 3.22% return and OLVAS.HE slightly higher at 3.35%. Over the past 10 years, HH.CO has underperformed OLVAS.HE with an annualized return of 4.00%, while OLVAS.HE has yielded a comparatively higher 5.16% annualized return.

HH.CO

• 1D: -0.62%
• 1M: -8.65%
• YTD: 3.22%
• 6M: 5.14%
• 1Y: -25.62%
• 3Y*: -2.16%
• 5Y*: -13.20%
• 10Y*: 4.00%

OLVAS.HE

• 1D: 0.30%
• 1M: 2.56%
• YTD: 3.35%
• 6M: 5.70%
• 1Y: -3.38%
• 3Y*: 9.09%
• 5Y*: -5.94%
• 10Y*: 5.16%

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

HH.CO vs. OLVAS.HE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HH.CO H+H International A/S	3.22%	18.30%	-11.37%	-13.45%	-55.39%	74.24%	5.77%	31.37%	-21.76%	92.05%
OLVAS.HE Olvi Oyj	3.35%	11.89%	8.24%	-11.63%	-33.09%	7.89%	20.15%	34.37%	8.81%	9.84%

Correlation

The correlation between HH.CO and OLVAS.HE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.16

Return for Risk

HH.CO vs. OLVAS.HE — Risk / Return Rank

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

HH.CO

HH.CO Risk / Return Rank: 19
HH.CO Sharpe Ratio Rank: 16
HH.CO Sortino Ratio Rank: 16
HH.CO Omega Ratio Rank: 17
HH.CO Calmar Ratio Rank: 20
HH.CO Martin Ratio Rank: 24

OLVAS.HE

OLVAS.HE Risk / Return Rank: 31
OLVAS.HE Sharpe Ratio Rank: 33
OLVAS.HE Sortino Ratio Rank: 27
OLVAS.HE Omega Ratio Rank: 27
OLVAS.HE Calmar Ratio Rank: 34
OLVAS.HE Martin Ratio Rank: 33

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.

HH.CO vs. OLVAS.HE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for H+H International A/S (HH.CO) and Olvi Oyj (OLVAS.HE). 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.

	HH.CO	OLVAS.HE	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.19	-0.41
Sortino ratio: Return per unit of downside risk	-0.72	-0.13	-0.59
Omega ratio: Gain probability vs. loss probability	0.91	0.98	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.60	-0.21	-0.39
Martin ratio: Return relative to average drawdown	-0.89	-0.43	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HH.CO vs. OLVAS.HE - Sharpe Ratio Comparison

The current HH.CO Sharpe Ratio is -0.60, which is lower than the OLVAS.HE Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of HH.CO and OLVAS.HE, 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

	HH.CO	OLVAS.HE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	-0.19	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	-0.25	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.22	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.31	-0.33

Drawdowns

HH.CO vs. OLVAS.HE - Drawdown Comparison

The maximum HH.CO drawdown since its inception was -97.98%, which is greater than OLVAS.HE's maximum drawdown of -54.87%. Use the drawdown chart below to compare losses from any high point for HH.CO and OLVAS.HE.

Drawdown Indicators

	HH.CO	OLVAS.HE	Difference
Max Drawdown Largest peak-to-trough decline	-97.98%	-54.87%	-43.11%
Max Drawdown (1Y) Largest decline over 1 year	-43.39%	-16.28%	-27.11%
Max Drawdown (3Y) Largest decline over 3 years	-43.39%	-19.72%	-23.67%
Max Drawdown (5Y) Largest decline over 5 years	-75.97%	-48.77%	-27.20%
Max Drawdown (10Y) Largest decline over 10 years	-75.97%	-48.77%	-27.20%
Current Drawdown Current decline from peak	-89.99%	-31.87%	-58.12%
Average Drawdown Average peak-to-trough decline	-65.46%	-16.56%	-48.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	8.36%	+20.69%

Volatility

HH.CO vs. OLVAS.HE - Volatility Comparison

H+H International A/S (HH.CO) has a higher volatility of 7.37% compared to Olvi Oyj (OLVAS.HE) at 3.43%. This indicates that HH.CO's price experiences larger fluctuations and is considered to be riskier than OLVAS.HE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HH.CO	OLVAS.HE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	3.43%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	30.33%	13.17%	+17.16%
Volatility (1Y) Calculated over the trailing 1-year period	43.43%	18.18%	+25.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	23.70%	+17.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.82%	23.38%	+15.44%

Dividends

HH.CO vs. OLVAS.HE - Dividend Comparison

HH.CO has not paid dividends to shareholders, while OLVAS.HE's dividend yield for the trailing twelve months is around 4.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HH.CO H+H International A/S	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OLVAS.HE Olvi Oyj	4.16%	4.15%	4.11%	4.28%	3.62%	2.15%	2.06%	2.18%	2.54%	2.51%	2.50%	2.93%

Financials

Frequently Asked Questions

Can I hold both HH.CO and OLVAS.HE in my portfolio?

HH.CO and OLVAS.HE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.