MEKKO.HE vs. FIA1S.HE

Last updated Jun 13, 2026

MEKKO.HE (Marimekko Oyj) and FIA1S.HE (Finnair Oyj) are both stocks. MEKKO.HE operates in Apparel Manufacturing (Consumer Cyclical), while FIA1S.HE operates in Airlines (Industrials). Over the past 10 years, MEKKO.HE returned 35.94%/yr vs -9.57%/yr for FIA1S.HE. At a 0.14 correlation, their price movements are largely independent.

Performance

MEKKO.HE vs. FIA1S.HE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Marimekko Oyj (MEKKO.HE) and Finnair Oyj (FIA1S.HE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEKKO.HE achieves a -15.19% return, which is significantly lower than FIA1S.HE's 48.09% return. Over the past 10 years, MEKKO.HE has outperformed FIA1S.HE with an annualized return of 35.94%, while FIA1S.HE has yielded a comparatively lower -9.57% annualized return.

MEKKO.HE

• 1D: -1.31%
• 1M: -1.86%
• YTD: -15.19%
• 6M: -12.48%
• 1Y: -15.45%
• 3Y*: 7.70%
• 5Y*: 0.19%
• 10Y*: 35.94%

FIA1S.HE

• 1D: 9.33%
• 1M: 25.90%
• YTD: 48.09%
• 6M: 61.45%
• 1Y: 65.61%
• 3Y*: -20.95%
• 5Y*: -16.81%
• 10Y*: -9.57%

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

MEKKO.HE vs. FIA1S.HE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEKKO.HE Marimekko Oyj	-15.19%	12.62%	-6.15%	57.40%	-41.78%	103.91%	27.23%	144.65%	148.14%	31.48%
FIA1S.HE Finnair Oyj	48.09%	47.17%	-44.47%	-38.96%	-34.73%	-21.46%	-29.59%	-16.98%	-44.73%	218.08%

Correlation

The correlation between MEKKO.HE and FIA1S.HE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 26, 2006	0.14

The correlation between MEKKO.HE and FIA1S.HE shifts across timeframes, from 0.14 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MEKKO.HE vs. FIA1S.HE — Risk / Return Rank

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

MEKKO.HE

MEKKO.HE Risk / Return Rank: 20
MEKKO.HE Sharpe Ratio Rank: 19
MEKKO.HE Sortino Ratio Rank: 19
MEKKO.HE Omega Ratio Rank: 19
MEKKO.HE Calmar Ratio Rank: 22
MEKKO.HE Martin Ratio Rank: 21

FIA1S.HE

FIA1S.HE Risk / Return Rank: 80
FIA1S.HE Sharpe Ratio Rank: 82
FIA1S.HE Sortino Ratio Rank: 81
FIA1S.HE Omega Ratio Rank: 77
FIA1S.HE Calmar Ratio Rank: 82
FIA1S.HE Martin Ratio Rank: 79

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.

MEKKO.HE vs. FIA1S.HE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marimekko Oyj (MEKKO.HE) and Finnair Oyj (FIA1S.HE). 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.

	MEKKO.HE	FIA1S.HE	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	1.45	-1.98
Sortino ratio: Return per unit of downside risk	-0.57	2.30	-2.87
Omega ratio: Gain probability vs. loss probability	0.92	1.27	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.56	2.78	-3.34
Martin ratio: Return relative to average drawdown	-1.03	5.86	-6.89

MEKKO.HE vs. FIA1S.HE - Sharpe Ratio Comparison

The current MEKKO.HE Sharpe Ratio is -0.53, which is lower than the FIA1S.HE Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of MEKKO.HE and FIA1S.HE, 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

MEKKO.HE vs. FIA1S.HE - Drawdown Comparison

The maximum MEKKO.HE drawdown since its inception was -67.55%, smaller than the maximum FIA1S.HE drawdown of -94.83%. Use the drawdown chart below to compare losses from any high point for MEKKO.HE and FIA1S.HE.

Drawdown Indicators

	MEKKO.HE	FIA1S.HE	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-94.83%	+27.28%
Max Drawdown (1Y) Largest decline over 1 year	-27.80%	-23.83%	-3.97%
Max Drawdown (3Y) Largest decline over 3 years	-33.63%	-78.72%	+45.09%
Max Drawdown (5Y) Largest decline over 5 years	-50.40%	-82.86%	+32.46%
Max Drawdown (10Y) Largest decline over 10 years	-50.40%	-94.83%	+44.43%
Current Drawdown Current decline from peak	-27.73%	-88.15%	+60.42%
Average Drawdown Average peak-to-trough decline	-29.45%	-65.70%	+36.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.04%	11.43%	+3.61%

Volatility

MEKKO.HE vs. FIA1S.HE - Volatility Comparison

The current volatility for Marimekko Oyj (MEKKO.HE) is 7.14%, while Finnair Oyj (FIA1S.HE) has a volatility of 15.83%. This indicates that MEKKO.HE experiences smaller price fluctuations and is considered to be less risky than FIA1S.HE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEKKO.HE	FIA1S.HE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	15.83%	-8.69%
Volatility (6M) Calculated over the trailing 6-month period	24.25%	37.94%	-13.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.45%	45.84%	-16.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.82%	51.55%	-15.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.64%	53.84%	-14.20%

Dividends

MEKKO.HE vs. FIA1S.HE - Dividend Comparison

MEKKO.HE's dividend yield for the trailing twelve months is around 3.98%, more than FIA1S.HE's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIA1S.HE Finnair Oyj	2.19%	3.50%	0.00%	0.00%	0.00%	0.00%	0.51%	0.01%	0.01%	0.00%
MEKKO.HE Marimekko Oyj	3.98%	5.02%	3.05%	2.55%	19.63%	5.31%	0.00%	25.84%	12.02%	19.80%

Financials

Frequently Asked Questions

Can I hold both MEKKO.HE and FIA1S.HE in my portfolio?

MEKKO.HE and FIA1S.HE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.