KBGGY vs. SAABY

Last updated Aug 1, 2026

KBGGY (Kongsberg Gruppen ASA) and SAABY (Saab AB Unsponsored ADR) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, KBGGY returned 66.90%/yr vs 65.43%/yr for SAABY. Their 0.36 correlation means their historical movements had little consistent relationship.

Performance

KBGGY vs. SAABY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kongsberg Gruppen ASA (KBGGY) and Saab AB Unsponsored ADR (SAABY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBGGY achieves a 47.65% return, which is significantly higher than SAABY's 8.56% return.

KBGGY

• 1D: 1.42%
• 1M: -4.22%
• 6M: 10.97%
• YTD: 47.65%
• 1Y: 32.00%
• 3Y*: 66.90%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 60.33%

SAABY

• 1D: 0.84%
• 1M: 7.43%
• 6M: -19.22%
• YTD: 8.56%
• 1Y: 16.17%
• 3Y*: 65.43%
• 5Y*: 54.67%
• 10Y*: —
• ALL TIME*: 43.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KBGGY Kongsberg Gruppen ASA	$1.50M	$1.28M	$1.13M
SAABY Saab AB Unsponsored ADR	$3.45M	$3.60M	$3.70M

KBGGY vs. SAABY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KBGGY Kongsberg Gruppen ASA	47.65%	19.00%	164.60%	-2.54%
SAABY Saab AB Unsponsored ADR	8.56%	177.56%	39.85%	0.63%

Correlation

The correlation between KBGGY and SAABY is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.36

Over the past year, KBGGY and SAABY have become more correlated (0.61) than their long-term average of 0.36, meaning their price movements have been converging.

Return for Risk

KBGGY vs. SAABY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBGGY

KBGGY Risk / Return Rank: 65
KBGGY Sharpe Ratio Rank: 65
KBGGY Sortino Ratio Rank: 63
KBGGY Omega Ratio Rank: 63
KBGGY Calmar Ratio Rank: 66
KBGGY Martin Ratio Rank: 66

SAABY

SAABY Risk / Return Rank: 55
SAABY Sharpe Ratio Rank: 58
SAABY Sortino Ratio Rank: 55
SAABY Omega Ratio Rank: 52
SAABY Calmar Ratio Rank: 55
SAABY Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBGGY vs. SAABY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kongsberg Gruppen ASA (KBGGY) and Saab AB Unsponsored ADR (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.

	KBGGY	SAABY	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.36	+0.23
Sortino ratio: Return per unit of downside risk	1.15	0.84	+0.32
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio: Return relative to maximum drawdown	0.96	0.42	+0.54
Martin ratio: Return relative to average drawdown	2.12	0.87	+1.25

KBGGY vs. SAABY - Sharpe Ratio Comparison

The current KBGGY Sharpe Ratio is 0.59, which is higher than the SAABY Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of KBGGY and SAABY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KBGGY vs. SAABY - Drawdown Comparison

The maximum KBGGY drawdown since its inception was -68.35%, which is greater than SAABY's maximum drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for KBGGY and SAABY.

Drawdown Indicators

	KBGGY	SAABY	Difference
Max Drawdown Largest peak-to-trough decline	-68.35%	-52.75%	-15.60%
Max Drawdown (1Y) Largest decline over 1 year	-31.28%	-38.38%	+7.10%
Max Drawdown (3Y) Largest decline over 3 years	-68.35%	-38.38%	-29.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.38%	—
Current Drawdown Current decline from peak	-47.09%	-22.54%	-24.55%
Average Drawdown Average peak-to-trough decline	-21.42%	-17.25%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.18%	18.46%	-4.28%

Volatility

KBGGY vs. SAABY - Volatility Comparison

The current volatility for Kongsberg Gruppen ASA (KBGGY) is 13.25%, while Saab AB Unsponsored ADR (SAABY) has a volatility of 17.01%. This indicates that KBGGY 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.

Volatility by Period

	KBGGY	SAABY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	17.01%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	37.39%	33.89%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	51.07%	45.51%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.92%	47.80%	+13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.92%	57.37%	+3.55%

Dividends

KBGGY vs. SAABY - Dividend Comparison

KBGGY's dividend yield for the trailing twelve months is around 25.74%, more than SAABY's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021
KBGGY Kongsberg Gruppen ASA	25.74%	5.82%	1.18%	0.00%	0.00%	0.00%
SAABY Saab AB Unsponsored ADR	0.38%	0.36%	0.73%	0.84%	1.24%	2.19%

Financials

Frequently Asked Questions

Can I hold both KBGGY and SAABY in my portfolio?

KBGGY and SAABY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBGGY or SAABY?

SAABY has higher volatility (17.01%) compared to KBGGY (13.25%). In terms of maximum drawdown, KBGGY dropped -68.35% vs SAABY's -52.75%.

Which has better risk-adjusted returns?

KBGGY currently has the higher Sharpe Ratio (0.59 vs 0.35), 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.