KBC.BR vs. CS.PA

Last updated Jun 5, 2026

KBC.BR (KBC Group NV) and CS.PA (AXA SA) are both stocks. Both are in the Financial Services sector — KBC.BR in Banks - Regional, CS.PA in Insurance - Diversified. Over the past 10 years, KBC.BR returned 14.97%/yr vs 12.13%/yr for CS.PA. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

KBC.BR vs. CS.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in KBC Group NV (KBC.BR) and AXA SA (CS.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBC.BR achieves a 5.22% return, which is significantly higher than CS.PA's 2.06% return. Over the past 10 years, KBC.BR has outperformed CS.PA with an annualized return of 14.97%, while CS.PA has yielded a comparatively lower 12.13% annualized return.

KBC.BR

• 1D: 1.44%
• 1M: 4.70%
• YTD: 5.22%
• 6M: 9.86%
• 1Y: 36.85%
• 3Y*: 29.37%
• 5Y*: 20.24%
• 10Y*: 14.97%

CS.PA

• 1D: 1.05%
• 1M: 3.76%
• YTD: 2.06%
• 6M: 8.41%
• 1Y: -1.29%
• 3Y*: 19.82%
• 5Y*: 18.33%
• 10Y*: 12.13%

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

KBC.BR vs. CS.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBC.BR KBC Group NV	5.22%	56.66%	36.13%	4.59%	-7.43%	37.63%	-9.86%	24.95%	-16.66%	25.82%
CS.PA AXA SA	2.06%	25.73%	23.53%	20.27%	6.13%	42.64%	-19.23%	41.12%	-19.51%	7.98%

Correlation

The correlation between KBC.BR and CS.PA is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 22, 1992	0.51

The correlation between KBC.BR and CS.PA has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.

Return for Risk

KBC.BR vs. CS.PA — Risk / Return Rank

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

KBC.BR

KBC.BR Risk / Return Rank: 81
KBC.BR Sharpe Ratio Rank: 84
KBC.BR Sortino Ratio Rank: 82
KBC.BR Omega Ratio Rank: 80
KBC.BR Calmar Ratio Rank: 77
KBC.BR Martin Ratio Rank: 81

CS.PA

CS.PA Risk / Return Rank: 36
CS.PA Sharpe Ratio Rank: 39
CS.PA Sortino Ratio Rank: 32
CS.PA Omega Ratio Rank: 32
CS.PA Calmar Ratio Rank: 38
CS.PA Martin Ratio Rank: 38

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.

KBC.BR vs. CS.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KBC Group NV (KBC.BR) and AXA SA (CS.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.

	KBC.BR	CS.PA	Difference
Sharpe ratio: Return per unit of total volatility	1.68	-0.06	+1.74
Sortino ratio: Return per unit of downside risk	2.47	0.05	+2.42
Omega ratio: Gain probability vs. loss probability	1.30	1.01	+0.29
Calmar ratio: Return relative to maximum drawdown	2.28	-0.09	+2.37
Martin ratio: Return relative to average drawdown	6.84	-0.16	+7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBC.BR vs. CS.PA - Sharpe Ratio Comparison

The current KBC.BR Sharpe Ratio is 1.68, which is higher than the CS.PA Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of KBC.BR and CS.PA, 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

	KBC.BR	CS.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	-0.06	+1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.85	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.48	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.28	-0.02

Drawdowns

KBC.BR vs. CS.PA - Drawdown Comparison

The maximum KBC.BR drawdown since its inception was -94.35%, which is greater than CS.PA's maximum drawdown of -82.46%. Use the drawdown chart below to compare losses from any high point for KBC.BR and CS.PA.

Drawdown Indicators

	KBC.BR	CS.PA	Difference
Max Drawdown Largest peak-to-trough decline	-94.35%	-82.46%	-11.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-13.69%	-2.27%
Max Drawdown (3Y) Largest decline over 3 years	-26.27%	-13.69%	-12.58%
Max Drawdown (5Y) Largest decline over 5 years	-38.25%	-24.39%	-13.86%
Max Drawdown (10Y) Largest decline over 10 years	-48.19%	-51.00%	+2.81%
Current Drawdown Current decline from peak	-4.45%	-3.68%	-0.77%
Average Drawdown Average peak-to-trough decline	-29.88%	-23.75%	-6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	7.99%	-2.67%

Volatility

KBC.BR vs. CS.PA - Volatility Comparison

KBC Group NV (KBC.BR) has a higher volatility of 6.49% compared to AXA SA (CS.PA) at 5.26%. This indicates that KBC.BR's price experiences larger fluctuations and is considered to be riskier than CS.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBC.BR	CS.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	5.26%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	17.13%	13.91%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.70%	19.95%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.49%	21.25%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.15%	24.92%	+5.23%

Dividends

KBC.BR vs. CS.PA - Dividend Comparison

KBC.BR's dividend yield for the trailing twelve months is around 4.52%, less than CS.PA's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CS.PA AXA SA	5.88%	5.25%	5.77%	5.76%	5.91%	5.46%	3.74%	5.34%	6.68%	4.69%	4.59%	3.77%
KBC.BR KBC Group NV	4.52%	3.73%	6.51%	6.81%	14.31%	4.56%	4.36%	5.22%	5.29%	3.94%	1.70%	3.47%

Financials

Frequently Asked Questions

Can I hold both KBC.BR and CS.PA in my portfolio?

KBC.BR and CS.PA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.