LHX vs. SAAB-B.ST
LHX (L3Harris Technologies, Inc.) and SAAB-B.ST (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, LHX returned 16.45%/yr vs 28.16%/yr for SAAB-B.ST. At a 0.26 correlation, their price movements are largely independent.
Performance
LHX vs. SAAB-B.ST - Performance Comparison
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Different Trading Currencies
LHX is traded in USD, while SAAB-B.ST is traded in SEK. To make them comparable, the SAAB-B.ST values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LHX achieves a 5.64% return, which is significantly higher than SAAB-B.ST's -5.31% return. Over the past 10 years, LHX has underperformed SAAB-B.ST with an annualized return of 16.45%, while SAAB-B.ST has yielded a comparatively higher 28.16% annualized return.
LHX
- 1D
- -1.40%
- 1M
- 1.86%
- YTD
- 5.64%
- 6M
- 8.07%
- 1Y
- 21.71%
- 3Y*
- 19.98%
- 5Y*
- 8.77%
- 10Y*
- 16.45%
SAAB-B.ST
- 1D
- -2.59%
- 1M
- 4.81%
- YTD
- -5.31%
- 6M
- 1.10%
- 1Y
- 14.34%
- 3Y*
- 60.37%
- 5Y*
- 53.41%
- 10Y*
- 28.16%
LHX vs. SAAB-B.ST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 5.64% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
SAAB-B.ST Saab AB (publ) | -5.31% | 177.31% | 43.28% | 58.12% | 63.80% | -5.44% | -12.93% | 3.95% | -12.36% | 37.85% |
Correlation
The correlation between LHX and SAAB-B.ST is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007 | 0.26 |
The correlation between LHX and SAAB-B.ST shifts across timeframes, from 0.20 (5 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LHX vs. SAAB-B.ST — Risk / Return Rank
LHX
SAAB-B.ST
LHX vs. SAAB-B.ST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and Saab AB (publ) (SAAB-B.ST). 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.
| LHX | SAAB-B.ST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.46 | +0.76 |
| Martin ratioReturn relative to average drawdown | 3.16 | 1.15 | +2.02 |
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Drawdowns
LHX vs. SAAB-B.ST - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum SAAB-B.ST drawdown of -81.01%. Use the drawdown chart below to compare losses from any high point for LHX and SAAB-B.ST.
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Drawdown Indicators
| LHX | SAAB-B.ST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -81.01% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -37.18% | +16.63% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -37.18% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -37.18% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -62.11% | +23.95% |
Current DrawdownCurrent decline from peak | -18.06% | -32.06% | +14.00% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -19.26% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 14.89% | -7.00% |
Volatility
LHX vs. SAAB-B.ST - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 7.33%, while Saab AB (publ) (SAAB-B.ST) has a volatility of 13.74%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than SAAB-B.ST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LHX | SAAB-B.ST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 13.74% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 32.13% | -12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 46.98% | -22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 41.88% | -17.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 38.28% | -12.84% |
Dividends
LHX vs. SAAB-B.ST - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.59%, more than SAAB-B.ST's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.59% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
SAAB-B.ST Saab AB (publ) | 0.42% | 0.37% | 1.71% | 3.49% | 4.77% | 8.16% | 0.00% | 5.74% | 6.10% | 5.27% | 5.88% | 7.29% |
Financials
LHX vs. SAAB-B.ST - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and Saab AB (publ). 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
LHX and SAAB-B.ST have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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