ML.PA vs. ERF.PA
ML.PA (Compagnie Générale des Établissements Michelin Société en commandite par actions) and ERF.PA (Eurofins Scientific SE) are both stocks. ML.PA operates in Auto Parts (Consumer Cyclical), while ERF.PA operates in Diagnostics & Research (Healthcare). Over the past 10 years, ML.PA returned 6.71%/yr vs 7.01%/yr for ERF.PA. At a 0.23 correlation, their price movements are largely independent.
Performance
ML.PA vs. ERF.PA - Performance Comparison
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Returns By Period
In the year-to-date period, ML.PA achieves a 17.03% return, which is significantly higher than ERF.PA's 0.18% return. Both investments have delivered pretty close results over the past 10 years, with ML.PA having a 6.71% annualized return and ERF.PA not far ahead at 7.01%.
ML.PA
- 1D
- -0.50%
- 1M
- 7.43%
- YTD
- 17.03%
- 6M
- 17.53%
- 1Y
- 0.80%
- 3Y*
- 9.24%
- 5Y*
- 3.56%
- 10Y*
- 6.71%
ERF.PA
- 1D
- 0.72%
- 1M
- 6.77%
- YTD
- 0.18%
- 6M
- 6.71%
- 1Y
- 8.23%
- 3Y*
- 1.83%
- 5Y*
- -4.66%
- 10Y*
- 7.01%
ML.PA vs. ERF.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 17.03% | -7.35% | 1.60% | 30.63% | -25.10% | 39.93% | -1.67% | 30.30% | -25.27% | 16.32% |
ERF.PA Eurofins Scientific SE | 0.18% | 27.97% | -15.45% | -10.51% | -37.53% | 59.66% | 38.87% | 52.70% | -35.46% | 25.83% |
Correlation
The correlation between ML.PA and ERF.PA 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 | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 1997 | 0.23 |
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Return for Risk
ML.PA vs. ERF.PA — Risk / Return Rank
ML.PA
ERF.PA
ML.PA vs. ERF.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA) and Eurofins Scientific SE (ERF.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.
| ML.PA | ERF.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.40 | -0.36 |
| Martin ratioReturn relative to average drawdown | 0.08 | 0.78 | -0.70 |
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
| ML.PA | ERF.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.30 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.15 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.22 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.50 | -0.33 |
Drawdowns
ML.PA vs. ERF.PA - Drawdown Comparison
The maximum ML.PA drawdown since its inception was -80.97%, smaller than the maximum ERF.PA drawdown of -86.35%. Use the drawdown chart below to compare losses from any high point for ML.PA and ERF.PA.
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Drawdown Indicators
| ML.PA | ERF.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.97% | -86.35% | +5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -21.00% | -20.38% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -29.18% | -29.34% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -40.23% | -63.93% | +23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.81% | -63.93% | +22.12% |
Current DrawdownCurrent decline from peak | -10.14% | -47.86% | +37.72% |
Average DrawdownAverage peak-to-trough decline | -27.13% | -31.66% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 10.48% | -0.51% |
Volatility
ML.PA vs. ERF.PA - Volatility Comparison
Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA) and Eurofins Scientific SE (ERF.PA) have volatilities of 5.45% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ML.PA | ERF.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.37% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 22.19% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 26.87% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 31.57% | -7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 31.81% | -6.39% |
Dividends
ML.PA vs. ERF.PA - Dividend Comparison
ML.PA's dividend yield for the trailing twelve months is around 4.35%, more than ERF.PA's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERF.PA Eurofins Scientific SE | 1.17% | 0.96% | 1.01% | 1.70% | 1.49% | 0.62% | 0.00% | 0.58% | 0.74% | 0.39% | 0.36% | 0.41% |
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 4.35% | 4.87% | 4.25% | 3.85% | 4.33% | 1.60% | 1.91% | 3.39% | 4.09% | 2.72% | 2.70% | 2.84% |
Financials
ML.PA vs. ERF.PA - Financials Comparison
This section allows you to compare key financial metrics between Compagnie Générale des Établissements Michelin Société en commandite par actions and Eurofins Scientific SE. 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
ML.PA and ERF.PA 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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