NAS.OL vs. FIA1S.HE
NAS.OL (Norwegian Air Shuttle ASA) and FIA1S.HE (Finnair Oyj) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, NAS.OL returned -43.37%/yr vs -8.12%/yr for FIA1S.HE. At a 0.22 correlation, their price movements are largely independent.
Performance
NAS.OL vs. FIA1S.HE - Performance Comparison
Loading charts...
Different Trading Currencies
NAS.OL is traded in NOK, while FIA1S.HE is traded in EUR. To make them comparable, the FIA1S.HE values have been converted to NOK using the latest available exchange rates.
Returns By Period
In the year-to-date period, NAS.OL achieves a -8.42% return, which is significantly lower than FIA1S.HE's 37.97% return. Over the past 10 years, NAS.OL has underperformed FIA1S.HE with an annualized return of -43.37%, while FIA1S.HE has yielded a comparatively higher -8.12% annualized return.
NAS.OL
- 1D
- 6.62%
- 1M
- 4.49%
- YTD
- -8.42%
- 6M
- -8.84%
- 1Y
- 27.19%
- 3Y*
- 10.35%
- 5Y*
- 9.06%
- 10Y*
- -43.37%
FIA1S.HE
- 1D
- 9.25%
- 1M
- 28.67%
- YTD
- 37.97%
- 6M
- 49.18%
- 1Y
- 58.29%
- 3Y*
- -22.14%
- 5Y*
- -15.40%
- 10Y*
- -8.12%
NAS.OL vs. FIA1S.HE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAS.OL Norwegian Air Shuttle ASA | -8.42% | 67.67% | 2.61% | 46.05% | -31.72% | -43.36% | -98.92% | -34.23% | -0.80% | -38.68% |
FIA1S.HE Finnair Oyj | 37.97% | 47.14% | -41.69% | -34.49% | -31.49% | -25.41% | -25.15% | -17.76% | -44.06% | 245.17% |
Correlation
The correlation between NAS.OL and FIA1S.HE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2007 | 0.22 |
Over the past year, NAS.OL and FIA1S.HE have become more correlated (0.46) than their long-term average of 0.22, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAS.OL vs. FIA1S.HE — Risk / Return Rank
NAS.OL
FIA1S.HE
NAS.OL vs. FIA1S.HE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Air Shuttle ASA (NAS.OL) 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.
| NAS.OL | FIA1S.HE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 2.37 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.52 | 4.71 | -2.18 |
Loading charts...
Drawdowns
NAS.OL vs. FIA1S.HE - Drawdown Comparison
The maximum NAS.OL drawdown since its inception was -99.89%, which is greater than FIA1S.HE's maximum drawdown of -93.85%. Use the drawdown chart below to compare losses from any high point for NAS.OL and FIA1S.HE.
Loading charts...
Drawdown Indicators
| NAS.OL | FIA1S.HE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.89% | -93.85% | -6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -25.86% | -24.79% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -45.62% | -78.73% | +33.11% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -80.39% | +30.01% |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | -93.85% | -6.03% |
Current DrawdownCurrent decline from peak | -99.71% | -86.66% | -13.05% |
Average DrawdownAverage peak-to-trough decline | -54.79% | -65.23% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 12.60% | -1.69% |
Volatility
NAS.OL vs. FIA1S.HE - Volatility Comparison
Norwegian Air Shuttle ASA (NAS.OL) and Finnair Oyj (FIA1S.HE) have volatilities of 16.42% and 15.66%, 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.
Loading charts...
Volatility by Period
| NAS.OL | FIA1S.HE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | 15.66% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 29.95% | 39.20% | -9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.93% | 47.27% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.19% | 51.95% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.76% | 54.23% | +30.53% |
Dividends
NAS.OL vs. FIA1S.HE - Dividend Comparison
NAS.OL's dividend yield for the trailing twelve months is around 11.23%, 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% |
NAS.OL Norwegian Air Shuttle ASA | 11.23% | 5.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NAS.OL vs. FIA1S.HE - Financials Comparison
This section allows you to compare key financial metrics between Norwegian Air Shuttle ASA and Finnair Oyj. 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
NAS.OL and FIA1S.HE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NAS.OL and FIA1S.HE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer