MIH.F vs. SAAB-B.ST
MIH.F (Mitsubishi Heavy Industries, Ltd.) and SAAB-B.ST (Saab AB (publ)) are both stocks. Both are in the Industrials sector — MIH.F in Specialty Industrial Machinery, SAAB-B.ST in Aerospace & Defense. Over the past 10 years, MIH.F returned 19.27%/yr vs 27.76%/yr for SAAB-B.ST. At a 0.12 correlation, their price movements are largely independent.
Performance
MIH.F vs. SAAB-B.ST - Performance Comparison
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Different Trading Currencies
MIH.F is traded in EUR, while SAAB-B.ST is traded in SEK. To make them comparable, the SAAB-B.ST values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MIH.F achieves a -5.55% return, which is significantly lower than SAAB-B.ST's -3.85% return. Over the past 10 years, MIH.F has underperformed SAAB-B.ST with an annualized return of 19.27%, while SAAB-B.ST has yielded a comparatively higher 27.76% annualized return.
MIH.F
- 1D
- 4.87%
- 1M
- -8.52%
- YTD
- -5.55%
- 6M
- -9.38%
- 1Y
- -4.58%
- 3Y*
- 69.42%
- 5Y*
- 49.21%
- 10Y*
- 19.27%
SAAB-B.ST
- 1D
- -2.52%
- 1M
- 8.70%
- YTD
- -3.85%
- 6M
- 2.60%
- 1Y
- 14.17%
- 3Y*
- 56.68%
- 5Y*
- 54.81%
- 10Y*
- 27.76%
MIH.F vs. SAAB-B.ST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIH.F Mitsubishi Heavy Industries, Ltd. | -5.55% | 53.66% | 160.27% | 44.65% | 82.05% | -17.87% | -29.30% | 12.57% | 0.40% | -28.00% |
SAAB-B.ST Saab AB (publ) | -3.85% | 145.70% | 51.94% | 53.38% | 73.30% | 2.69% | -20.72% | 6.21% | -8.07% | 20.91% |
Correlation
The correlation between MIH.F and SAAB-B.ST is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.12 |
The correlation between MIH.F and SAAB-B.ST shifts across timeframes, from 0.12 (10 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MIH.F vs. SAAB-B.ST — Risk / Return Rank
MIH.F
SAAB-B.ST
MIH.F vs. SAAB-B.ST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Heavy Industries, Ltd. (MIH.F) 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.
| MIH.F | SAAB-B.ST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.49 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.25 | -1.60 |
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Drawdowns
MIH.F vs. SAAB-B.ST - Drawdown Comparison
The maximum MIH.F drawdown since its inception was -87.77%, which is greater than SAAB-B.ST's maximum drawdown of -76.66%. Use the drawdown chart below to compare losses from any high point for MIH.F and SAAB-B.ST.
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Drawdown Indicators
| MIH.F | SAAB-B.ST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.77% | -76.66% | -11.11% |
Max Drawdown (1Y)Largest decline over 1 year | -32.74% | -35.44% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -35.44% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -35.44% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -62.77% | -59.12% | -3.65% |
Current DrawdownCurrent decline from peak | -28.52% | -29.83% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -67.89% | -17.12% | -50.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.42% | 13.87% | -2.45% |
Volatility
MIH.F vs. SAAB-B.ST - Volatility Comparison
Mitsubishi Heavy Industries, Ltd. (MIH.F) has a higher volatility of 15.53% compared to Saab AB (publ) (SAAB-B.ST) at 13.20%. This indicates that MIH.F's price experiences larger fluctuations and is considered to be riskier 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
| MIH.F | SAAB-B.ST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.53% | 13.20% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 34.99% | 31.23% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.61% | 46.13% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.53% | 40.62% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 37.15% | +1.69% |
Dividends
MIH.F vs. SAAB-B.ST - Dividend Comparison
MIH.F has not paid dividends to shareholders, while SAAB-B.ST's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIH.F Mitsubishi Heavy Industries, Ltd. | 0.00% | 0.00% | 0.03% | 0.01% | 0.01% | 0.02% | 0.01% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% |
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
MIH.F vs. SAAB-B.ST - Financials Comparison
This section allows you to compare key financial metrics between Mitsubishi Heavy Industries, Ltd. 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
MIH.F and SAAB-B.ST have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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