OPRA vs. CG

Last updated Jun 13, 2026

OPRA (Opera Limited) and CG (The Carlyle Group Inc.) are both stocks. OPRA operates in Internet Content & Information (Communication Services), while CG operates in Asset Management (Financial Services). Over the past 5 years, OPRA returned 17.20%/yr vs 3.96%/yr for CG. At a 0.30 correlation, their price movements are largely independent.

Performance

OPRA vs. CG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opera Limited (OPRA) and The Carlyle Group Inc. (CG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OPRA achieves a 31.99% return, which is significantly higher than CG's -21.53% return.

OPRA

• 1D: 2.31%
• 1M: 0.44%
• YTD: 31.99%
• 6M: 30.97%
• 1Y: 3.53%
• 3Y*: 4.25%
• 5Y*: 17.20%
• 10Y*: —

CG

• 1D: 2.69%
• 1M: -4.03%
• YTD: -21.53%
• 6M: -20.51%
• 1Y: 1.65%
• 3Y*: 18.18%
• 5Y*: 3.96%
• 10Y*: 16.61%

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

OPRA vs. CG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OPRA Opera Limited	31.99%	-22.08%	52.02%	140.60%	-10.91%	-22.67%	-1.30%	66.37%	-61.23%
CG The Carlyle Group Inc.	-21.53%	20.20%	28.05%	42.55%	-43.78%	78.46%	1.62%	116.75%	-31.71%

Correlation

The correlation between OPRA and CG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018	0.30

Fundamentals

Market Cap OPRA : $1.66B CG : $16.43B
EPS OPRA : $1.26 CG : $1.48
PE Ratio OPRA : 14.39 CG : 30.90
PEG Ratio OPRA : 0.06 CG : 0.19
PS Ratio OPRA : 2.55 CG : 4.23
PB Ratio OPRA : 1.68 CG : 2.23
Total Revenue (TTM) OPRA : $647.66M CG : $3.99B
Gross Profit (TTM) OPRA : $378.92M CG : $2.92B
EBITDA (TTM) OPRA : $154.47M CG : $1.01B

Return for Risk

OPRA vs. CG — Risk / Return Rank

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

OPRA

OPRA Risk / Return Rank: 42
OPRA Sharpe Ratio Rank: 43
OPRA Sortino Ratio Rank: 42
OPRA Omega Ratio Rank: 41
OPRA Calmar Ratio Rank: 43
OPRA Martin Ratio Rank: 42

CG

CG Risk / Return Rank: 39
CG Sharpe Ratio Rank: 41
CG Sortino Ratio Rank: 36
CG Omega Ratio Rank: 36
CG Calmar Ratio Rank: 41
CG Martin Ratio Rank: 41

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.

OPRA vs. CG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) and The Carlyle Group Inc. (CG). 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.

	OPRA	CG	Difference
Sharpe ratio: Return per unit of total volatility	0.01	-0.04	+0.05
Sortino ratio: Return per unit of downside risk	0.43	0.19	+0.24
Omega ratio: Gain probability vs. loss probability	1.05	1.02	+0.03
Calmar ratio: Return relative to maximum drawdown	0.01	-0.04	+0.05
Martin ratio: Return relative to average drawdown	0.02	-0.08	+0.10

OPRA vs. CG - Sharpe Ratio Comparison

The current OPRA Sharpe Ratio is 0.01, which is higher than the CG Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of OPRA and CG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OPRA vs. CG - Drawdown Comparison

The maximum OPRA drawdown since its inception was -72.85%, which is greater than CG's maximum drawdown of -62.69%. Use the drawdown chart below to compare losses from any high point for OPRA and CG.

Drawdown Indicators

	OPRA	CG	Difference
Max Drawdown Largest peak-to-trough decline	-72.85%	-62.69%	-10.16%
Max Drawdown (1Y) Largest decline over 1 year	-41.28%	-37.83%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-61.68%	-38.53%	-23.15%
Max Drawdown (5Y) Largest decline over 5 years	-62.86%	-56.75%	-6.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.75%	—
Current Drawdown Current decline from peak	-25.67%	-32.67%	+7.00%
Average Drawdown Average peak-to-trough decline	-41.08%	-21.75%	-19.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.43%	19.76%	+3.67%

Volatility

OPRA vs. CG - Volatility Comparison

The current volatility for Opera Limited (OPRA) is 8.88%, while The Carlyle Group Inc. (CG) has a volatility of 10.06%. This indicates that OPRA experiences smaller price fluctuations and is considered to be less risky than CG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPRA	CG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	10.06%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	39.19%	27.69%	+11.50%
Volatility (1Y) Calculated over the trailing 1-year period	52.09%	36.18%	+15.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.45%	39.78%	+20.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.30%	37.38%	+26.92%

Dividends

OPRA vs. CG - Dividend Comparison

OPRA's dividend yield for the trailing twelve months is around 4.40%, more than CG's 3.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CG The Carlyle Group Inc.	3.06%	2.37%	2.77%	3.38%	4.11%	1.82%	3.18%	4.24%	7.87%	5.41%	11.02%	21.70%
OPRA Opera Limited	4.40%	5.65%	4.22%	8.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both OPRA and CG in my portfolio?

OPRA and CG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OPRA or CG?

CG has higher volatility (10.06%) compared to OPRA (8.88%). In terms of maximum drawdown, OPRA dropped -72.85% vs CG's -62.69%.

Which has better risk-adjusted returns?

OPRA currently has the higher Sharpe Ratio (0.01 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.