HVRRY vs. DLAKY
HVRRY (Hannover Re) and DLAKY (Deutsche Lufthansa AG ADR) are both stocks. HVRRY operates in Insurance - Reinsurance (Financial Services), while DLAKY operates in Airlines (Industrials). Over the past 10 years, HVRRY returned 13.04%/yr vs 3.99%/yr for DLAKY. At a 0.36 correlation, their price movements are largely independent.
Performance
HVRRY vs. DLAKY - Performance Comparison
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Returns By Period
In the year-to-date period, HVRRY achieves a -9.93% return, which is significantly lower than DLAKY's 10.62% return. Over the past 10 years, HVRRY has outperformed DLAKY with an annualized return of 13.04%, while DLAKY has yielded a comparatively lower 3.99% annualized return.
HVRRY
- 1D
- -0.56%
- 1M
- -4.23%
- YTD
- -9.93%
- 6M
- -10.67%
- 1Y
- -9.22%
- 3Y*
- 13.03%
- 5Y*
- 13.70%
- 10Y*
- 13.04%
DLAKY
- 1D
- 0.48%
- 1M
- 13.40%
- YTD
- 10.62%
- 6M
- 9.56%
- 1Y
- 36.81%
- 3Y*
- 5.94%
- 5Y*
- 7.09%
- 10Y*
- 3.99%
HVRRY vs. DLAKY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HVRRY Hannover Re | -9.93% | 29.30% | 7.59% | 24.53% | 11.05% | 20.35% | -16.15% | 48.63% | 10.97% | 21.66% |
DLAKY Deutsche Lufthansa AG ADR | 10.62% | 60.31% | -23.97% | 6.86% | 15.50% | -23.86% | -27.66% | -18.63% | -36.12% | 191.82% |
Correlation
The correlation between HVRRY and DLAKY 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.36 |
Over the past year, the correlation between HVRRY and DLAKY has dropped to 0.08 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
HVRRY:
$32.29B
DLAKY:
$12.48B
HVRRY:
€4.06
DLAKY:
€1.29
HVRRY:
9.66
DLAKY:
7.08
HVRRY:
0.29
DLAKY:
0.39
HVRRY:
1.09
DLAKY:
0.27
HVRRY:
2.04
DLAKY:
0.89
HVRRY:
€25.44B
DLAKY:
€40.27B
HVRRY:
€23.95B
DLAKY:
€5.21B
HVRRY:
€9.81B
DLAKY:
€4.00B
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Return for Risk
HVRRY vs. DLAKY — Risk / Return Rank
HVRRY
DLAKY
HVRRY vs. DLAKY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hannover Re (HVRRY) and Deutsche Lufthansa AG ADR (DLAKY). 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.
| HVRRY | DLAKY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.43 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.07 | 3.24 | -4.30 |
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Drawdowns
HVRRY vs. DLAKY - Drawdown Comparison
The maximum HVRRY drawdown since its inception was -62.80%, smaller than the maximum DLAKY drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for HVRRY and DLAKY.
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Drawdown Indicators
| HVRRY | DLAKY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.80% | -78.13% | +15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -25.91% | +8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -42.07% | +24.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.66% | -48.49% | +16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -44.24% | -78.13% | +33.89% |
Current DrawdownCurrent decline from peak | -14.84% | -52.82% | +37.98% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -41.08% | +32.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 11.40% | -2.74% |
Volatility
HVRRY vs. DLAKY - Volatility Comparison
The current volatility for Hannover Re (HVRRY) is 4.94%, while Deutsche Lufthansa AG ADR (DLAKY) has a volatility of 9.29%. This indicates that HVRRY experiences smaller price fluctuations and is considered to be less risky than DLAKY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HVRRY | DLAKY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 9.29% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 28.21% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 36.04% | -14.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.11% | 36.63% | -11.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.10% | 39.15% | -13.05% |
Dividends
HVRRY vs. DLAKY - Dividend Comparison
HVRRY's dividend yield for the trailing twelve months is around 5.46%, more than DLAKY's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLAKY Deutsche Lufthansa AG ADR | 3.67% | 3.37% | 5.08% | 0.00% | 0.00% | 41.35% | 0.00% | 3.53% | 3.10% | 1.07% | 3.03% | 0.00% |
HVRRY Hannover Re | 5.46% | 3.19% | 3.10% | 2.75% | 3.15% | 2.92% | 2.75% | 2.19% | 3.27% | 4.55% | 8.64% | 1.19% |
Financials
HVRRY vs. DLAKY - Financials Comparison
This section allows you to compare key financial metrics between Hannover Re and Deutsche Lufthansa AG ADR. 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
HVRRY vs. DLAKY - Profitability Comparison
HVRRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a gross profit of 7.31B and revenue of 7.31B. Therefore, the gross margin over that period was 100.0%.
DLAKY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported a gross profit of 346.61M and revenue of 8.89B. Therefore, the gross margin over that period was 3.9%.
HVRRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported an operating income of 965.32M and revenue of 7.31B, resulting in an operating margin of 13.2%.
DLAKY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported an operating income of -970.70M and revenue of 8.89B, resulting in an operating margin of -10.9%.
HVRRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hannover Re reported a net income of 722.29M and revenue of 7.31B, resulting in a net margin of 9.9%.
DLAKY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported a net income of -675.94M and revenue of 8.89B, resulting in a net margin of -7.6%.
Frequently Asked Questions
HVRRY and DLAKY 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.
DLAKY has higher volatility (9.29%) compared to HVRRY (4.94%). In terms of maximum drawdown, HVRRY dropped -62.80% vs DLAKY's -78.13%.
DLAKY currently has the higher Sharpe Ratio (1.03 vs -0.43), 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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