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NTES vs. SAP
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

NTES vs. SAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NetEase, Inc. (NTES) and SAP SE (SAP). The values are adjusted to include any dividend payments, if applicable.

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NTES vs. SAP - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
NTES
NetEase, Inc.
-17.85%58.28%-1.73%30.59%-27.35%7.11%57.88%34.66%-31.31%62.21%
SAP
SAP SE
-29.52%-0.48%61.27%52.30%-24.64%9.22%-1.28%36.43%-10.04%31.25%

Fundamentals

Market Cap

NTES:

$72.27B

SAP:

$200.66B

EPS

NTES:

$52.26

SAP:

$6.22

PE Ratio

NTES:

2.14

SAP:

27.53

PEG Ratio

NTES:

0.10

SAP:

0.59

PS Ratio

NTES:

0.64

SAP:

5.69

PB Ratio

NTES:

0.45

SAP:

4.49

Total Revenue (TTM)

NTES:

$112.25B

SAP:

$35.35B

Gross Profit (TTM)

NTES:

$72.16B

SAP:

$25.97B

EBITDA (TTM)

NTES:

$37.96B

SAP:

$12.65B

Returns By Period

In the year-to-date period, NTES achieves a -17.85% return, which is significantly higher than SAP's -29.52% return. Over the past 10 years, NTES has outperformed SAP with an annualized return of 16.70%, while SAP has yielded a comparatively lower 9.48% annualized return.


NTES

1D
1.74%
1M
-1.66%
YTD
-17.85%
6M
-25.31%
1Y
11.37%
3Y*
10.95%
5Y*
3.12%
10Y*
16.70%

SAP

1D
1.74%
1M
-15.04%
YTD
-29.52%
6M
-35.93%
1Y
-35.66%
3Y*
12.00%
5Y*
8.02%
10Y*
9.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

NTES vs. SAP — Risk / Return Rank

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

NTES
NTES Risk / Return Rank: 5252
Overall Rank
NTES Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
NTES Sortino Ratio Rank: 5050
Sortino Ratio Rank
NTES Omega Ratio Rank: 4848
Omega Ratio Rank
NTES Calmar Ratio Rank: 5353
Calmar Ratio Rank
NTES Martin Ratio Rank: 5454
Martin Ratio Rank

SAP
SAP Risk / Return Rank: 77
Overall Rank
SAP Sharpe Ratio Rank: 33
Sharpe Ratio Rank
SAP Sortino Ratio Rank: 66
Sortino Ratio Rank
SAP Omega Ratio Rank: 66
Omega Ratio Rank
SAP Calmar Ratio Rank: 1616
Calmar Ratio Rank
SAP Martin Ratio Rank: 55
Martin Ratio Rank
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.

NTES vs. SAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NetEase, Inc. (NTES) and SAP SE (SAP). 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.


NTESSAPDifference

Sharpe ratio

Return per unit of total volatility

0.34

-1.09

+1.43

Sortino ratio

Return per unit of downside risk

0.77

-1.48

+2.26

Omega ratio

Gain probability vs. loss probability

1.09

0.80

+0.29

Calmar ratio

Return relative to maximum drawdown

0.45

-0.75

+1.20

Martin ratio

Return relative to average drawdown

1.07

-1.74

+2.81

NTES vs. SAP - Sharpe Ratio Comparison

The current NTES Sharpe Ratio is 0.34, which is higher than the SAP Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of NTES and SAP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


NTESSAPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.34

-1.09

+1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.29

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.34

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.14

+0.28

Correlation

The correlation between NTES and SAP is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

NTES vs. SAP - Dividend Comparison

NTES's dividend yield for the trailing twelve months is around 2.66%, more than SAP's 1.48% yield.


TTM20252024202320222021202020192018201720162015
NTES
NetEase, Inc.
2.66%2.21%2.74%1.88%2.10%0.80%0.97%3.19%0.71%1.05%1.36%0.98%
SAP
SAP SE
1.48%1.05%0.97%1.41%2.05%1.56%1.31%1.27%1.73%0.87%1.08%1.11%

Drawdowns

NTES vs. SAP - Drawdown Comparison

The maximum NTES drawdown since its inception was -96.41%, which is greater than SAP's maximum drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for NTES and SAP.


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Drawdown Indicators


NTESSAPDifference

Max Drawdown

Largest peak-to-trough decline

-96.41%

-87.91%

-8.50%

Max Drawdown (1Y)

Largest decline over 1 year

-30.46%

-47.42%

+16.96%

Max Drawdown (5Y)

Largest decline over 5 years

-52.57%

-47.42%

-5.15%

Max Drawdown (10Y)

Largest decline over 10 years

-57.34%

-51.31%

-6.03%

Current Drawdown

Current decline from peak

-28.76%

-45.11%

+16.35%

Average Drawdown

Average peak-to-trough decline

-24.58%

-28.13%

+3.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.94%

20.38%

-7.44%

Volatility

NTES vs. SAP - Volatility Comparison

The current volatility for NetEase, Inc. (NTES) is 7.62%, while SAP SE (SAP) has a volatility of 9.33%. This indicates that NTES experiences smaller price fluctuations and is considered to be less risky than SAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NTESSAPDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.62%

9.33%

-1.71%

Volatility (6M)

Calculated over the trailing 6-month period

21.23%

25.59%

-4.36%

Volatility (1Y)

Calculated over the trailing 1-year period

33.78%

32.74%

+1.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.85%

27.86%

+15.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.91%

27.81%

+14.10%

Financials

NTES vs. SAP - Financials Comparison

This section allows you to compare key financial metrics between NetEase, Inc. and SAP 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


10.00B15.00B20.00B25.00B30.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
27.17B
8.23B
(NTES) Total Revenue
(SAP) Total Revenue
Values in USD except per share items

NTES vs. SAP - Profitability Comparison

The chart below illustrates the profitability comparison between NetEase, Inc. and SAP SE over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

55.0%60.0%65.0%70.0%75.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
64.2%
73.8%
Portfolio components
NTES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a gross profit of 17.45B and revenue of 27.17B. Therefore, the gross margin over that period was 64.2%.

SAP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SAP SE reported a gross profit of 6.08B and revenue of 8.23B. Therefore, the gross margin over that period was 73.8%.

NTES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported an operating income of 8.20B and revenue of 27.17B, resulting in an operating margin of 30.2%.

SAP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SAP SE reported an operating income of 2.61B and revenue of 8.23B, resulting in an operating margin of 31.7%.

NTES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a net income of 6.16B and revenue of 27.17B, resulting in a net margin of 22.7%.

SAP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SAP SE reported a net income of 1.83B and revenue of 8.23B, resulting in a net margin of 22.2%.