HO.PA vs. SAABY
HO.PA (Thales S.A.) and SAABY (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, HO.PA returned 23.09%/yr vs 53.54%/yr for SAABY. At a 0.28 correlation, their price movements are largely independent.
Performance
HO.PA vs. SAABY - Performance Comparison
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Different Trading Currencies
HO.PA is traded in EUR, while SAABY is traded in USD. To make them comparable, the SAABY 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 -1.59% return, which is significantly lower than SAABY's 4.13% return.
HO.PA
- 1D
- 1.36%
- 1M
- -3.42%
- 6M
- -13.55%
- YTD
- -1.59%
- 1Y
- -8.71%
- 3Y*
- 19.40%
- 5Y*
- 23.09%
- 10Y*
- 13.28%
SAABY
- 1D
- 10.22%
- 1M
- 10.71%
- 6M
- -22.39%
- YTD
- 4.13%
- 1Y
- 21.11%
- 3Y*
- 60.49%
- 5Y*
- 53.54%
- 10Y*
- —
HO.PA vs. SAABY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | -1.59% | 68.36% | 5.76% | 14.78% | 63.17% | 2.31% | 3.85% |
SAABY Saab AB (publ) | 4.13% | 144.63% | 49.09% | 42.66% | 77.64% | -44.96% | 62.97% |
Correlation
The correlation between HO.PA and SAABY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020 | 0.28 |
Over the past year, HO.PA and SAABY have become more correlated (0.63) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
HO.PA vs. SAABY — Risk / Return Rank
HO.PA
SAABY
HO.PA vs. SAABY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thales S.A. (HO.PA) and Saab AB (publ) (SAABY). 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.
| HO.PA | SAABY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.11 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 0.60 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.79 | 1.27 | -2.06 |
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Drawdowns
HO.PA vs. SAABY - Drawdown Comparison
The maximum HO.PA drawdown since its inception was -53.77%, roughly equal to the maximum SAABY drawdown of -51.44%. Use the drawdown chart below to compare losses from any high point for HO.PA and SAABY.
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Drawdown Indicators
| HO.PA | SAABY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -51.44% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -19.60% | -35.52% | +15.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.55% | -35.52% | +14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -35.52% | +13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -53.77% | — | — |
Current DrawdownCurrent decline from peak | -16.80% | -24.65% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -16.42% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.63% | 16.68% | -6.05% |
Volatility
HO.PA vs. SAABY - Volatility Comparison
The current volatility for Thales S.A. (HO.PA) is 8.79%, while Saab AB (publ) (SAABY) has a volatility of 16.71%. This indicates that HO.PA experiences smaller price fluctuations and is considered to be less risky than SAABY 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 | SAABY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 16.71% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 22.66% | 33.13% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.01% | 48.14% | -17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.43% | 47.56% | -19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 57.41% | -29.84% |
Dividends
HO.PA vs. SAABY - Dividend Comparison
HO.PA's dividend yield for the trailing twelve months is around 1.75%, more than SAABY's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.75% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
SAABY Saab AB (publ) | 0.40% | 0.36% | 0.73% | 0.84% | 1.24% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HO.PA vs. SAABY - Financials Comparison
This section allows you to compare key financial metrics between Thales S.A. and Saab AB (publ). 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 SAABY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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