III.L vs. HO.PA
III.L (3I Group plc) and HO.PA (Thales S.A.) are both stocks. III.L operates in Investment Banking & Investment Services (Financial Services), while HO.PA operates in Aerospace & Defense (Industrials). Over the past 10 years, III.L returned 19.43%/yr vs 15.52%/yr for HO.PA. At a 0.32 correlation, their price movements are largely independent.
Performance
III.L vs. HO.PA - Performance Comparison
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Different Trading Currencies
III.L is traded in GBp, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, III.L achieves a -29.97% return, which is significantly lower than HO.PA's 0.83% return. Over the past 10 years, III.L has outperformed HO.PA with an annualized return of 19.43%, while HO.PA has yielded a comparatively lower 15.52% annualized return.
III.L
- 1D
- -1.04%
- 1M
- 3.39%
- YTD
- -29.97%
- 6M
- -27.58%
- 1Y
- -43.37%
- 3Y*
- 7.13%
- 5Y*
- 15.89%
- 10Y*
- 19.43%
HO.PA
- 1D
- -1.60%
- 1M
- 5.52%
- YTD
- 0.83%
- 6M
- -0.61%
- 1Y
- -4.88%
- 3Y*
- 22.26%
- 5Y*
- 24.52%
- 10Y*
- 15.52%
III.L vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
III.L 3I Group plc | -29.97% | -6.44% | 50.11% | 85.46% | -3.46% | 28.99% | 9.36% | 47.12% | -11.76% | 33.70% |
HO.PA Thales S.A. | 0.83% | 77.37% | 0.95% | 12.49% | 71.59% | -3.76% | -14.02% | -12.48% | 16.53% | 3.53% |
Correlation
The correlation between III.L and HO.PA is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.32 |
The correlation between III.L and HO.PA shifts across timeframes, from 0.16 (5 years) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
III.L vs. HO.PA — Risk / Return Rank
III.L
HO.PA
III.L vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3I Group plc (III.L) and Thales S.A. (HO.PA). 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.
| III.L | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.00 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.25 | -0.57 |
| Martin ratioReturn relative to average drawdown | -1.61 | -0.48 | -1.13 |
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Drawdowns
III.L vs. HO.PA - Drawdown Comparison
The maximum III.L drawdown since its inception was -84.90%, which is greater than HO.PA's maximum drawdown of -53.05%. Use the drawdown chart below to compare losses from any high point for III.L and HO.PA.
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Drawdown Indicators
| III.L | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.90% | -53.05% | -31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -52.78% | -19.22% | -33.56% |
Max Drawdown (3Y)Largest decline over 3 years | -52.78% | -22.76% | -30.02% |
Max Drawdown (5Y)Largest decline over 5 years | -52.78% | -22.76% | -30.02% |
Max Drawdown (10Y)Largest decline over 10 years | -52.78% | -53.05% | +0.27% |
Current DrawdownCurrent decline from peak | -48.17% | -14.76% | -33.41% |
Average DrawdownAverage peak-to-trough decline | -23.09% | -14.56% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.99% | 10.18% | +16.81% |
Volatility
III.L vs. HO.PA - Volatility Comparison
3I Group plc (III.L) has a higher volatility of 12.83% compared to Thales S.A. (HO.PA) at 7.80%. This indicates that III.L's price experiences larger fluctuations and is considered to be riskier than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| III.L | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.83% | 7.80% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 23.67% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.41% | 31.42% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.79% | 28.28% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.35% | 27.55% | +2.80% |
Dividends
III.L vs. HO.PA - Dividend Comparison
III.L's dividend yield for the trailing twelve months is around 3.46%, more than HO.PA's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.69% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
III.L 3I Group plc | 3.46% | 2.42% | 1.82% | 2.32% | 3.76% | 2.78% | 3.02% | 3.42% | 4.78% | 2.90% | 3.41% | 2.37% |
Financials
III.L vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between 3I Group plc and Thales 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
Frequently Asked Questions
III.L and HO.PA have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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