NESN.SW vs. HO.PA
NESN.SW (Nestlé S.A.) and HO.PA (Thales S.A.) are both stocks. NESN.SW operates in Packaged Foods (Consumer Defensive), while HO.PA operates in Aerospace & Defense (Industrials). Over the past 10 years, NESN.SW returned 4.35%/yr vs 12.93%/yr for HO.PA. At a 0.24 correlation, their price movements are largely independent.
Performance
NESN.SW vs. HO.PA - Performance Comparison
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Different Trading Currencies
NESN.SW is traded in CHF, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, NESN.SW achieves a 5.50% return, which is significantly higher than HO.PA's 2.37% return. Over the past 10 years, NESN.SW has underperformed HO.PA with an annualized return of 4.35%, while HO.PA has yielded a comparatively higher 12.93% annualized return.
NESN.SW
- 1D
- 0.48%
- 1M
- 2.23%
- YTD
- 5.50%
- 6M
- 6.57%
- 1Y
- -1.40%
- 3Y*
- -5.90%
- 5Y*
- -3.91%
- 10Y*
- 4.35%
HO.PA
- 1D
- -1.21%
- 1M
- 9.27%
- YTD
- 2.37%
- 6M
- 1.53%
- 1Y
- -6.17%
- 3Y*
- 20.66%
- 5Y*
- 20.72%
- 10Y*
- 12.93%
NESN.SW vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NESN.SW Nestlé S.A. | 5.50% | 8.93% | -20.71% | -6.62% | -13.99% | 25.41% | 2.09% | 34.76% | -1.76% | 18.26% |
HO.PA Thales S.A. | 2.37% | 66.87% | 7.04% | 7.80% | 55.46% | -1.85% | -18.89% | -10.57% | 11.07% | 8.52% |
Correlation
The correlation between NESN.SW and HO.PA is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.24 |
The correlation between NESN.SW and HO.PA shifts across timeframes, from -0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NESN.SW vs. HO.PA — Risk / Return Rank
NESN.SW
HO.PA
NESN.SW vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nestlé S.A. (NESN.SW) and Thales S.A. (HO.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.
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.
| NESN.SW | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.28 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.32 | -0.55 | +0.24 |
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Drawdowns
NESN.SW vs. HO.PA - Drawdown Comparison
The maximum NESN.SW drawdown since its inception was -38.45%, smaller than the maximum HO.PA drawdown of -61.84%. Use the drawdown chart below to compare losses from any high point for NESN.SW and HO.PA.
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Drawdown Indicators
| NESN.SW | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -61.84% | +23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -21.01% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.19% | -23.27% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -24.46% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -57.09% | +18.64% |
Current DrawdownCurrent decline from peak | -27.98% | -13.89% | -14.09% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -21.08% | +12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 10.80% | -0.53% |
Volatility
NESN.SW vs. HO.PA - Volatility Comparison
The current volatility for Nestlé S.A. (NESN.SW) is 5.72%, while Thales S.A. (HO.PA) has a volatility of 7.31%. This indicates that NESN.SW experiences smaller price fluctuations and is considered to be less risky than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NESN.SW | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 7.31% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 23.27% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 30.94% | -9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 28.78% | -11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 28.25% | -11.63% |
Dividends
NESN.SW vs. HO.PA - Dividend Comparison
NESN.SW's dividend yield for the trailing twelve months is around 3.88%, more than HO.PA's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.66% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
NESN.SW Nestlé S.A. | 3.88% | 3.87% | 4.01% | 3.03% | 2.61% | 2.16% | 2.59% | 2.34% | 2.94% | 2.74% | 3.08% | 2.95% |
Financials
NESN.SW vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Nestlé S.A. and Thales S.A.. 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
NESN.SW and HO.PA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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