HO.PA vs. GIVN.SW
HO.PA (Thales S.A.) and GIVN.SW (Givaudan SA) are both stocks. HO.PA operates in Aerospace & Defense (Industrials), while GIVN.SW operates in Specialty Chemicals (Basic Materials). Over the past 10 years, HO.PA returned 13.72%/yr vs 8.52%/yr for GIVN.SW. At a 0.21 correlation, their price movements are largely independent.
Performance
HO.PA vs. GIVN.SW - Performance Comparison
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Different Trading Currencies
HO.PA is traded in EUR, while GIVN.SW is traded in CHF. To make them comparable, the GIVN.SW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HO.PA achieves a 1.45% return, which is significantly higher than GIVN.SW's -5.89% return. Over the past 10 years, HO.PA has outperformed GIVN.SW with an annualized return of 13.72%, while GIVN.SW has yielded a comparatively lower 8.52% annualized return.
HO.PA
- 1D
- 2.27%
- 1M
- 2.30%
- YTD
- 1.45%
- 6M
- 3.99%
- 1Y
- -10.46%
- 3Y*
- 22.61%
- 5Y*
- 24.73%
- 10Y*
- 13.72%
GIVN.SW
- 1D
- 1.33%
- 1M
- 1.99%
- YTD
- -5.89%
- 6M
- -9.49%
- 1Y
- -28.56%
- 3Y*
- 2.20%
- 5Y*
- -1.68%
- 10Y*
- 8.52%
HO.PA vs. GIVN.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.45% | 68.36% | 5.76% | 14.78% | 63.17% | 2.31% | -18.62% | -7.22% | 15.39% | -0.71% |
GIVN.SW Givaudan SA | -5.89% | -18.30% | 14.27% | 34.07% | -37.09% | 37.02% | 25.86% | 41.58% | 7.80% | 14.12% |
Correlation
The correlation between HO.PA and GIVN.SW is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2007 | 0.21 |
The correlation between HO.PA and GIVN.SW shifts across timeframes, from -0.01 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HO.PA vs. GIVN.SW — Risk / Return Rank
HO.PA
GIVN.SW
HO.PA vs. GIVN.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thales S.A. (HO.PA) and Givaudan SA (GIVN.SW). 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.
| HO.PA | GIVN.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.77 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.87 | +0.23 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.31 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HO.PA | GIVN.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -1.35 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | -0.07 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.41 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.51 | -0.21 |
Drawdowns
HO.PA vs. GIVN.SW - Drawdown Comparison
The maximum HO.PA drawdown since its inception was -66.14%, which is greater than GIVN.SW's maximum drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for HO.PA and GIVN.SW.
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Drawdown Indicators
| HO.PA | GIVN.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.14% | -45.52% | -20.62% |
Max Drawdown (1Y)Largest decline over 1 year | -19.60% | -34.05% | +14.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.55% | -39.30% | +18.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -39.30% | +17.33% |
Max Drawdown (10Y)Largest decline over 10 years | -53.77% | -39.30% | -14.47% |
Current DrawdownCurrent decline from peak | -14.23% | -34.25% | +20.02% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -10.90% | -10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 23.19% | -13.05% |
Volatility
HO.PA vs. GIVN.SW - Volatility Comparison
Thales S.A. (HO.PA) has a higher volatility of 8.71% compared to Givaudan SA (GIVN.SW) at 6.69%. This indicates that HO.PA's price experiences larger fluctuations and is considered to be riskier than GIVN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HO.PA | GIVN.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 6.69% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 17.82% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.26% | 22.18% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 23.42% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 21.00% | +6.56% |
Dividends
HO.PA vs. GIVN.SW - Dividend Comparison
HO.PA's dividend yield for the trailing twelve months is around 1.70%, less than GIVN.SW's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIVN.SW Givaudan SA | 2.54% | 2.23% | 1.71% | 1.92% | 2.33% | 1.34% | 1.66% | 1.98% | 2.55% | 2.49% | 0.56% | 2.74% |
HO.PA Thales S.A. | 1.70% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
Financials
HO.PA vs. GIVN.SW - Financials Comparison
This section allows you to compare key financial metrics between Thales S.A. and Givaudan SA. 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
Frequently Asked Questions
HO.PA and GIVN.SW have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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