LMP.L vs. COV.PA
LMP.L (LondonMetric Property plc) and COV.PA (Covivio SA) are both stocks. Both operate in the REIT - Diversified industry within the Real Estate sector. Over the past 10 years, LMP.L returned 6.10%/yr vs 1.52%/yr for COV.PA. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
LMP.L vs. COV.PA - Performance Comparison
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Different Trading Currencies
LMP.L is traded in GBp, while COV.PA is traded in EUR. To make them comparable, the COV.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LMP.L achieves a -2.47% return, which is significantly higher than COV.PA's -3.60% return. Over the past 10 years, LMP.L has outperformed COV.PA with an annualized return of 6.10%, while COV.PA has yielded a comparatively lower 1.52% annualized return.
LMP.L
- 1D
- -0.72%
- 1M
- -3.52%
- YTD
- -2.47%
- 6M
- 1.04%
- 1Y
- -3.25%
- 3Y*
- 4.85%
- 5Y*
- -0.05%
- 10Y*
- 6.10%
COV.PA
- 1D
- 0.73%
- 1M
- -3.20%
- YTD
- -3.60%
- 6M
- 1.02%
- 1Y
- 10.07%
- 3Y*
- 9.16%
- 5Y*
- -3.07%
- 10Y*
- 1.52%
LMP.L vs. COV.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMP.L LondonMetric Property plc | -2.47% | 12.48% | -0.43% | 17.21% | -36.54% | 28.33% | 0.54% | 41.57% | -2.30% | 25.29% |
COV.PA Covivio SA | -3.60% | 24.85% | 2.86% | -9.83% | -14.85% | -5.37% | -14.42% | 18.98% | -5.59% | 20.19% |
Correlation
The correlation between LMP.L and COV.PA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2013 | 0.50 |
The correlation between LMP.L and COV.PA shifts across timeframes, from 0.47 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LMP.L vs. COV.PA — Risk / Return Rank
LMP.L
COV.PA
LMP.L vs. COV.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LondonMetric Property plc (LMP.L) and Covivio SA (COV.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.
| LMP.L | COV.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.57 | -0.78 |
| Martin ratioReturn relative to average drawdown | -0.42 | 1.44 | -1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LMP.L | COV.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 0.46 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.11 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.05 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.11 | +0.28 |
Drawdowns
LMP.L vs. COV.PA - Drawdown Comparison
The maximum LMP.L drawdown since its inception was -42.13%, smaller than the maximum COV.PA drawdown of -59.63%. Use the drawdown chart below to compare losses from any high point for LMP.L and COV.PA.
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Drawdown Indicators
| LMP.L | COV.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.13% | -59.63% | +17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -17.70% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.22% | -20.30% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -41.56% | -49.11% | +7.55% |
Max Drawdown (10Y)Largest decline over 10 years | -42.13% | -59.63% | +17.50% |
Current DrawdownCurrent decline from peak | -19.27% | -29.35% | +10.08% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -20.30% | +10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 7.00% | +0.65% |
Volatility
LMP.L vs. COV.PA - Volatility Comparison
The current volatility for LondonMetric Property plc (LMP.L) is 4.46%, while Covivio SA (COV.PA) has a volatility of 5.56%. This indicates that LMP.L experiences smaller price fluctuations and is considered to be less risky than COV.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMP.L | COV.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 5.56% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 18.40% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 21.67% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.54% | 27.07% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 29.57% | -5.45% |
Dividends
LMP.L vs. COV.PA - Dividend Comparison
LMP.L's dividend yield for the trailing twelve months is around 6.96%, more than COV.PA's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COV.PA Covivio SA | 2.80% | 1.79% | 6.77% | 5.05% | 6.76% | 4.99% | 6.37% | 4.55% | 5.34% | 1.09% | 3.72% | 1.58% |
LMP.L LondonMetric Property plc | 6.96% | 6.54% | 6.16% | 5.07% | 5.48% | 3.12% | 3.71% | 3.55% | 4.60% | 4.09% | 4.73% | 3.35% |
Financials
LMP.L vs. COV.PA - Financials Comparison
This section allows you to compare key financial metrics between LondonMetric Property plc and Covivio SA. 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
LMP.L and COV.PA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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