KARO vs. KEN

Last updated Jun 4, 2026

KARO (Karooooo Ltd.) and KEN (Kenon Holdings Ltd.) are both stocks. KARO operates in Software - Application (Technology), while KEN operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, KARO returned 6.83%/yr vs 35.58%/yr for KEN. At a 0.07 correlation, their price movements are largely independent.

Performance

KARO vs. KEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Karooooo Ltd. (KARO) and Kenon Holdings Ltd. (KEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KARO achieves a 3.54% return, which is significantly lower than KEN's 28.36% return.

KARO

• 1D: -5.06%
• 1M: -6.73%
• YTD: 3.54%
• 6M: 2.91%
• 1Y: -23.34%
• 3Y*: 30.60%
• 5Y*: 6.83%
• 10Y*: —

KEN

• 1D: -5.81%
• 1M: -9.66%
• YTD: 28.36%
• 6M: 35.84%
• 1Y: 135.91%
• 3Y*: 65.33%
• 5Y*: 35.58%
• 10Y*: 43.50%

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

KARO vs. KEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KARO Karooooo Ltd.	3.54%	3.48%	91.47%	8.00%	-41.49%	19.98%
KEN Kenon Holdings Ltd.	28.36%	126.18%	62.44%	-19.16%	-23.73%	86.55%

Correlation

The correlation between KARO and KEN is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021	0.07

Fundamentals

Market Cap KARO : $1.46B KEN : $4.32B
EPS KARO : $31.92 KEN : $1.54
PE Ratio KARO : 1.48 KEN : 52.77
PEG Ratio KARO : 0.08 KEN : 8.86
PS Ratio KARO : 0.27 KEN : 4.26
PB Ratio KARO : 0.44 KEN : 2.88
Total Revenue (TTM) KARO : $5.43B KEN : $1.01B
Gross Profit (TTM) KARO : $3.70B KEN : $166.82M
EBITDA (TTM) KARO : $2.27B KEN : $339.95M

Return for Risk

KARO vs. KEN — Risk / Return Rank

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

KARO

KARO Risk / Return Rank: 17
KARO Sharpe Ratio Rank: 19
KARO Sortino Ratio Rank: 21
KARO Omega Ratio Rank: 19
KARO Calmar Ratio Rank: 13
KARO Martin Ratio Rank: 15

KEN

KEN Risk / Return Rank: 95
KEN Sharpe Ratio Rank: 96
KEN Sortino Ratio Rank: 94
KEN Omega Ratio Rank: 93
KEN Calmar Ratio Rank: 96
KEN Martin Ratio Rank: 96

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.

KARO vs. KEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Karooooo Ltd. (KARO) and Kenon Holdings Ltd. (KEN). 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.

	KARO	KEN	Difference
Sharpe ratio Return per unit of total volatility	-0.51	3.55	-4.06
Sortino ratio Return per unit of downside risk	-0.44	3.86	-4.30
Omega ratio Gain probability vs. loss probability	0.94	1.51	-0.57
Calmar ratio Return relative to maximum drawdown	-0.75	8.75	-9.50
Martin ratio Return relative to average drawdown	-1.17	24.21	-25.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KARO vs. KEN - Sharpe Ratio Comparison

The current KARO Sharpe Ratio is -0.51, which is lower than the KEN Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of KARO and KEN, 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

	KARO	KEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	3.55	-4.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.90	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.77	-0.61

Drawdowns

KARO vs. KEN - Drawdown Comparison

The maximum KARO drawdown since its inception was -52.12%, smaller than the maximum KEN drawdown of -69.20%. Use the drawdown chart below to compare losses from any high point for KARO and KEN.

Drawdown Indicators

	KARO	KEN	Difference
Max Drawdown Largest peak-to-trough decline	-52.12%	-69.20%	+17.08%
Max Drawdown (1Y) Largest decline over 1 year	-31.13%	-15.63%	-15.50%
Max Drawdown (3Y) Largest decline over 3 years	-32.31%	-32.27%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-51.66%	-69.20%	+17.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.20%	—
Current Drawdown Current decline from peak	-23.34%	-14.80%	-8.54%
Average Drawdown Average peak-to-trough decline	-25.04%	-23.19%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.95%	5.64%	+16.31%

Volatility

KARO vs. KEN - Volatility Comparison

The current volatility for Karooooo Ltd. (KARO) is 12.36%, while Kenon Holdings Ltd. (KEN) has a volatility of 16.12%. This indicates that KARO experiences smaller price fluctuations and is considered to be less risky than KEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KARO	KEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.36%	16.12%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	26.82%	29.55%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	47.82%	38.55%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.02%	39.67%	+14.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.76%	41.86%	+12.90%

Dividends

KARO vs. KEN - Dividend Comparison

KARO's dividend yield for the trailing twelve months is around 2.65%, less than KEN's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KARO Karooooo Ltd.	2.65%	2.75%	2.39%	3.50%	2.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KEN Kenon Holdings Ltd.	4.73%	7.24%	11.18%	11.46%	25.00%	7.35%	7.41%	5.75%	96.34%	0.00%	0.00%	45.52%

Financials

KARO vs. KEN - Profitability Comparison

The chart below illustrates the profitability comparison between Karooooo Ltd. and Kenon Holdings Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KARO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported a gross profit of 939.35M and revenue of 1.42B. Therefore, the gross margin over that period was 66.3%.

KEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kenon Holdings Ltd. reported a gross profit of 47.00M and revenue of 317.00M. Therefore, the gross margin over that period was 14.8%.

KARO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported an operating income of 329.18M and revenue of 1.42B, resulting in an operating margin of 23.2%.

KEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kenon Holdings Ltd. reported an operating income of 4.00M and revenue of 317.00M, resulting in an operating margin of 1.3%.

KARO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karooooo Ltd. reported a net income of 217.46M and revenue of 1.42B, resulting in a net margin of 15.3%.

KEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kenon Holdings Ltd. reported a net income of 26.00M and revenue of 317.00M, resulting in a net margin of 8.2%.

Frequently Asked Questions

Can I hold both KARO and KEN in my portfolio?

KARO and KEN have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KARO or KEN?

KEN has higher volatility (16.12%) compared to KARO (12.36%). In terms of maximum drawdown, KARO dropped -52.12% vs KEN's -69.20%.

Which has better risk-adjusted returns?

KEN currently has the higher Sharpe Ratio (3.55 vs -0.51), 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.