LDO.MI vs. SAABY

Last updated Jun 4, 2026

LDO.MI (Leonardo S.p.A.) and SAABY (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, LDO.MI returned 49.55%/yr vs 51.98%/yr for SAABY. At a 0.30 correlation, their price movements are largely independent.

Performance

LDO.MI vs. SAABY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leonardo S.p.A. (LDO.MI) and Saab AB (publ) (SAABY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDO.MI is traded in EUR, while SAABY is traded in USD. To make them comparable, the SAABY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDO.MI achieves a 3.48% return, which is significantly higher than SAABY's -3.97% return.

LDO.MI

• 1D: -2.81%
• 1M: -3.62%
• YTD: 3.48%
• 6M: 8.86%
• 1Y: -5.58%
• 3Y*: 71.01%
• 5Y*: 49.55%
• 10Y*: 18.81%

SAABY

• 1D: -2.45%
• 1M: -9.92%
• YTD: -3.97%
• 6M: 10.13%
• 1Y: 4.14%
• 3Y*: 52.03%
• 5Y*: 51.98%
• 10Y*: —

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

LDO.MI vs. SAABY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LDO.MI Leonardo S.p.A.	3.48%	91.71%	75.81%	87.64%	29.81%	6.60%	-9.56%
SAABY Saab AB (publ)	-3.97%	144.63%	49.09%	42.66%	77.64%	-44.96%	62.97%

Correlation

The correlation between LDO.MI and SAABY is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.30

Over the past year, LDO.MI and SAABY have become more correlated (0.75) than their long-term average of 0.30, meaning their price movements have been converging.

Return for Risk

LDO.MI vs. SAABY — Risk / Return Rank

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

LDO.MI

LDO.MI Risk / Return Rank: 33
LDO.MI Sharpe Ratio Rank: 35
LDO.MI Sortino Ratio Rank: 32
LDO.MI Omega Ratio Rank: 32
LDO.MI Calmar Ratio Rank: 33
LDO.MI Martin Ratio Rank: 32

SAABY

SAABY Risk / Return Rank: 44
SAABY Sharpe Ratio Rank: 45
SAABY Sortino Ratio Rank: 43
SAABY Omega Ratio Rank: 42
SAABY Calmar Ratio Rank: 44
SAABY Martin Ratio Rank: 45

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.

LDO.MI vs. SAABY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leonardo S.p.A. (LDO.MI) and Saab AB (publ) (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.

	LDO.MI	SAABY	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	0.09	-0.22
Sortino ratio: Return per unit of downside risk	0.09	0.48	-0.39
Omega ratio: Gain probability vs. loss probability	1.01	1.06	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.23	0.12	-0.35
Martin ratio: Return relative to average drawdown	-0.49	0.31	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDO.MI vs. SAABY - Sharpe Ratio Comparison

The current LDO.MI Sharpe Ratio is -0.14, which is lower than the SAABY Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of LDO.MI 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.

Sharpe Ratios by Period

	LDO.MI	SAABY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	0.09	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.38	1.12	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.74	-0.56

Drawdowns

LDO.MI vs. SAABY - Drawdown Comparison

The maximum LDO.MI drawdown since its inception was -90.12%, which is greater than SAABY's maximum drawdown of -51.44%. Use the drawdown chart below to compare losses from any high point for LDO.MI and SAABY.

Drawdown Indicators

	LDO.MI	SAABY	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-51.44%	-38.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.76%	-35.50%	+11.74%
Max Drawdown (3Y) Largest decline over 3 years	-23.76%	-35.50%	+11.74%
Max Drawdown (5Y) Largest decline over 5 years	-33.70%	-35.50%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	-73.16%	—	—
Current Drawdown Current decline from peak	-20.84%	-30.51%	+9.67%
Average Drawdown Average peak-to-trough decline	-52.88%	-16.16%	-36.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	13.38%	-1.87%

Volatility

LDO.MI vs. SAABY - Volatility Comparison

The current volatility for Leonardo S.p.A. (LDO.MI) is 11.81%, while Saab AB (publ) (SAABY) has a volatility of 16.08%. This indicates that LDO.MI 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

	LDO.MI	SAABY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	16.08%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	29.78%	31.90%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	41.26%	48.71%	-7.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.64%	46.86%	-11.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.74%	57.52%	-19.78%

Dividends

LDO.MI vs. SAABY - Dividend Comparison

LDO.MI's dividend yield for the trailing twelve months is around 1.02%, more than SAABY's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDO.MI Leonardo S.p.A.	1.02%	1.06%	1.08%	0.94%	1.74%	0.00%	2.37%	1.34%	1.82%	1.41%
SAABY Saab AB (publ)	0.43%	0.36%	0.73%	0.84%	1.24%	2.19%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both LDO.MI and SAABY in my portfolio?

LDO.MI and SAABY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.