MANU vs. BVB.DE

Last updated Jun 3, 2026

MANU (Manchester United plc) and BVB.DE (Borussia Dortmund GmbH & Co KGaA) are both stocks. Both operate in the Entertainment industry within the Communication Services sector. Over the past 10 years, MANU returned 3.21%/yr vs -2.40%/yr for BVB.DE. At a 0.16 correlation, their price movements are largely independent.

Performance

MANU vs. BVB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manchester United plc (MANU) and Borussia Dortmund GmbH & Co KGaA (BVB.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MANU is traded in USD, while BVB.DE is traded in EUR. To make them comparable, the BVB.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MANU achieves a 36.18% return, which is significantly higher than BVB.DE's -7.32% return. Over the past 10 years, MANU has outperformed BVB.DE with an annualized return of 3.21%, while BVB.DE has yielded a comparatively lower -2.40% annualized return.

MANU

• 1D: -0.64%
• 1M: 16.94%
• YTD: 36.18%
• 6M: 39.60%
• 1Y: 53.76%
• 3Y*: 4.83%
• 5Y*: 6.78%
• 10Y*: 3.21%

BVB.DE

• 1D: -0.36%
• 1M: 0.10%
• YTD: -7.32%
• 6M: -6.85%
• 1Y: -13.95%
• 3Y*: -6.76%
• 5Y*: -12.33%
• 10Y*: -2.40%

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

MANU vs. BVB.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MANU Manchester United plc	36.18%	-8.24%	-14.87%	-12.64%	65.01%	-13.92%	-15.08%	6.06%	-3.24%	40.31%
BVB.DE Borussia Dortmund GmbH & Co KGaA	-7.32%	20.82%	-16.23%	0.26%	-19.36%	-24.66%	-32.14%	8.93%	24.77%	34.23%

Correlation

The correlation between MANU and BVB.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 13, 2012	0.16

The correlation between MANU and BVB.DE shifts across timeframes, from 0.11 (3 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MANU vs. BVB.DE — Risk / Return Rank

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

MANU

MANU Risk / Return Rank: 77
MANU Sharpe Ratio Rank: 78
MANU Sortino Ratio Rank: 79
MANU Omega Ratio Rank: 77
MANU Calmar Ratio Rank: 78
MANU Martin Ratio Rank: 72

BVB.DE

BVB.DE Risk / Return Rank: 11
BVB.DE Sharpe Ratio Rank: 5
BVB.DE Sortino Ratio Rank: 8
BVB.DE Omega Ratio Rank: 9
BVB.DE Calmar Ratio Rank: 16
BVB.DE Martin Ratio Rank: 16

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.

MANU vs. BVB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manchester United plc (MANU) and Borussia Dortmund GmbH & Co KGaA (BVB.DE). 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.

	MANU	BVB.DE	Difference
Sharpe ratio Return per unit of total volatility	1.32	-0.81	+2.13
Sortino ratio Return per unit of downside risk	2.23	-1.03	+3.26
Omega ratio Gain probability vs. loss probability	1.28	0.88	+0.41
Calmar ratio Return relative to maximum drawdown	2.46	-0.62	+3.08
Martin ratio Return relative to average drawdown	4.23	-1.05	+5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MANU vs. BVB.DE - Sharpe Ratio Comparison

The current MANU Sharpe Ratio is 1.32, which is higher than the BVB.DE Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of MANU and BVB.DE, 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

	MANU	BVB.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.81	+2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.35	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	-0.07	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.09	+0.02

Drawdowns

MANU vs. BVB.DE - Drawdown Comparison

The maximum MANU drawdown since its inception was -58.05%, smaller than the maximum BVB.DE drawdown of -73.41%. Use the drawdown chart below to compare losses from any high point for MANU and BVB.DE.

Drawdown Indicators

	MANU	BVB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-58.05%	-73.41%	+15.36%
Max Drawdown (1Y) Largest decline over 1 year	-21.52%	-24.84%	+3.32%
Max Drawdown (3Y) Largest decline over 3 years	-51.39%	-39.29%	-12.10%
Max Drawdown (5Y) Largest decline over 5 years	-54.51%	-62.76%	+8.25%
Max Drawdown (10Y) Largest decline over 10 years	-58.05%	-73.41%	+15.36%
Current Drawdown Current decline from peak	-19.23%	-66.28%	+47.05%
Average Drawdown Average peak-to-trough decline	-24.81%	-36.15%	+11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.53%	14.67%	-2.14%

Volatility

MANU vs. BVB.DE - Volatility Comparison

Manchester United plc (MANU) has a higher volatility of 19.22% compared to Borussia Dortmund GmbH & Co KGaA (BVB.DE) at 4.93%. This indicates that MANU's price experiences larger fluctuations and is considered to be riskier than BVB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MANU	BVB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	4.93%	+14.29%
Volatility (6M) Calculated over the trailing 6-month period	25.86%	14.00%	+11.86%
Volatility (1Y) Calculated over the trailing 1-year period	40.86%	18.87%	+21.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.01%	34.49%	+8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.74%	34.79%	+2.95%

Dividends

MANU vs. BVB.DE - Dividend Comparison

MANU has not paid dividends to shareholders, while BVB.DE's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BVB.DE Borussia Dortmund GmbH & Co KGaA	1.94%	1.82%	1.91%	0.00%	0.00%	0.00%	0.00%	0.68%	0.75%	0.98%	1.14%	1.25%
MANU Manchester United plc	0.00%	0.00%	0.00%	0.00%	0.39%	1.26%	1.08%	0.90%	0.95%	0.91%	1.26%	0.51%

Financials

Frequently Asked Questions

Can I hold both MANU and BVB.DE in my portfolio?

MANU and BVB.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.