MRO.L vs. SAAB-B.ST

Last updated Jun 9, 2026

MRO.L (Melrose Industries plc) and SAAB-B.ST (Saab AB (publ)) are both stocks. Both are in the Industrials sector — MRO.L in Specialty Industrial Machinery, SAAB-B.ST in Aerospace & Defense. Over the past 10 years, MRO.L returned 10.86%/yr vs 25.37%/yr for SAAB-B.ST. At a 0.34 correlation, their price movements are largely independent.

Performance

MRO.L vs. SAAB-B.ST - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Melrose Industries plc (MRO.L) and Saab AB (publ) (SAAB-B.ST). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MRO.L is traded in GBp, while SAAB-B.ST is traded in SEK. To make them comparable, the SAAB-B.ST values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MRO.L achieves a -21.16% return, which is significantly lower than SAAB-B.ST's -3.68% return. Over the past 10 years, MRO.L has underperformed SAAB-B.ST with an annualized return of 10.86%, while SAAB-B.ST has yielded a comparatively higher 25.37% annualized return.

MRO.L

• 1D: -1.67%
• 1M: -10.13%
• YTD: -21.16%
• 6M: -20.10%
• 1Y: -0.43%
• 3Y*: -3.20%
• 5Y*: 4.41%
• 10Y*: 10.86%

SAAB-B.ST

• 1D: 1.86%
• 1M: -2.49%
• YTD: -3.68%
• 6M: 5.14%
• 1Y: 6.44%
• 3Y*: 57.26%
• 5Y*: 52.46%
• 10Y*: 25.37%

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

MRO.L vs. SAAB-B.ST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRO.L Melrose Industries plc	-21.16%	7.50%	-1.49%	102.51%	-15.46%	-19.88%	-25.38%	48.20%	-22.05%	8.06%
SAAB-B.ST Saab AB (publ)	-3.68%	158.42%	43.80%	46.47%	74.98%	-10.31%	-6.79%	-3.78%	-17.66%	20.65%

Correlation

The correlation between MRO.L and SAAB-B.ST is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 10, 2007	0.34

Return for Risk

MRO.L vs. SAAB-B.ST — Risk / Return Rank

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

MRO.L

MRO.L Risk / Return Rank: 40
MRO.L Sharpe Ratio Rank: 41
MRO.L Sortino Ratio Rank: 37
MRO.L Omega Ratio Rank: 36
MRO.L Calmar Ratio Rank: 42
MRO.L Martin Ratio Rank: 42

SAAB-B.ST

SAAB-B.ST Risk / Return Rank: 46
SAAB-B.ST Sharpe Ratio Rank: 48
SAAB-B.ST Sortino Ratio Rank: 45
SAAB-B.ST Omega Ratio Rank: 44
SAAB-B.ST Calmar Ratio Rank: 47
SAAB-B.ST Martin Ratio Rank: 48

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.

MRO.L vs. SAAB-B.ST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Melrose Industries plc (MRO.L) 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.

	MRO.L	SAAB-B.ST	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	0.25	-0.26
Sortino ratio: Return per unit of downside risk	0.22	0.70	-0.48
Omega ratio: Gain probability vs. loss probability	1.03	1.08	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.01	0.34	-0.35
Martin ratio: Return relative to average drawdown	-0.03	0.88	-0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRO.L vs. SAAB-B.ST - Sharpe Ratio Comparison

The current MRO.L Sharpe Ratio is -0.01, which is lower than the SAAB-B.ST Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of MRO.L and SAAB-B.ST, 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

	MRO.L	SAAB-B.ST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.25	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	1.31	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.69	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.46	+0.05

Drawdowns

MRO.L vs. SAAB-B.ST - Drawdown Comparison

The maximum MRO.L drawdown since its inception was -70.66%, roughly equal to the maximum SAAB-B.ST drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for MRO.L and SAAB-B.ST.

Drawdown Indicators

	MRO.L	SAAB-B.ST	Difference
Max Drawdown Largest peak-to-trough decline	-70.66%	-73.07%	+2.41%
Max Drawdown (1Y) Largest decline over 1 year	-33.02%	-35.41%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-42.82%	-35.41%	-7.41%
Max Drawdown (5Y) Largest decline over 5 years	-50.87%	-35.41%	-15.46%
Max Drawdown (10Y) Largest decline over 10 years	-70.66%	-63.07%	-7.59%
Current Drawdown Current decline from peak	-31.96%	-29.71%	-2.25%
Average Drawdown Average peak-to-trough decline	-19.52%	-19.88%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.93%	13.37%	+0.56%

Volatility

MRO.L vs. SAAB-B.ST - Volatility Comparison

The current volatility for Melrose Industries plc (MRO.L) is 10.26%, while Saab AB (publ) (SAAB-B.ST) has a volatility of 15.11%. This indicates that MRO.L experiences smaller price fluctuations and is considered to be less risky than SAAB-B.ST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRO.L	SAAB-B.ST	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.26%	15.11%	-4.85%
Volatility (6M) Calculated over the trailing 6-month period	28.19%	31.01%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	34.14%	47.99%	-13.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.76%	40.28%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.26%	36.67%	+8.59%

Dividends

MRO.L vs. SAAB-B.ST - Dividend Comparison

MRO.L's dividend yield for the trailing twelve months is around 1.57%, more than SAAB-B.ST's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRO.L Melrose Industries plc	1.57%	1.09%	0.99%	0.53%	0.45%	0.34%	0.27%	0.93%	1.25%	0.73%	0.95%	6.95%
SAAB-B.ST Saab AB (publ)	0.42%	0.37%	0.68%	0.87%	1.19%	2.04%	7.85%	1.43%	1.65%	1.32%	1.47%	1.82%

Financials

Frequently Asked Questions

Can I hold both MRO.L and SAAB-B.ST in my portfolio?

MRO.L and SAAB-B.ST have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.