ORANY vs. UNVGY

Last updated Jun 4, 2026

ORANY (Orange S.A) and UNVGY (Universal Music Group N.V) are both stocks. Both are in the Communication Services sector — ORANY in Telecom Services, UNVGY in Entertainment. Over the past 3 years, ORANY returned 27.83%/yr vs 2.72%/yr for UNVGY. At a 0.16 correlation, their price movements are largely independent.

Performance

ORANY vs. UNVGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Orange S.A (ORANY) and Universal Music Group N.V (UNVGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORANY achieves a 23.19% return, which is significantly higher than UNVGY's -19.93% return.

ORANY

• 1D: 0.15%
• 1M: -0.58%
• YTD: 23.19%
• 6M: 25.06%
• 1Y: 45.57%
• 3Y*: 27.83%
• 5Y*: 17.46%
• 10Y*: 7.66%

UNVGY

• 1D: -7.54%
• 1M: -1.77%
• YTD: -19.93%
• 6M: -16.40%
• 1Y: -31.35%
• 3Y*: 2.72%
• 5Y*: —
• 10Y*: —

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

ORANY vs. UNVGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ORANY Orange S.A	23.19%	79.38%	-7.70%	23.28%	0.00%	-3.14%
UNVGY Universal Music Group N.V	-19.93%	4.23%	-8.97%	22.06%	-11.72%	-10.09%

Correlation

The correlation between ORANY and UNVGY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.16

Fundamentals

Market Cap ORANY : $75.14B UNVGY : $37.80B
EPS ORANY : $1.14 UNVGY : $0.98
PE Ratio ORANY : 17.99 UNVGY : 10.52
PEG Ratio ORANY : 0.00 UNVGY : 0.52
PS Ratio ORANY : 0.73 UNVGY : 1.57
PB Ratio ORANY : 2.98 UNVGY : 8.32
Total Revenue (TTM) ORANY : $89.19B UNVGY : $24.29B
Gross Profit (TTM) ORANY : $15.99B UNVGY : $10.15B
EBITDA (TTM) ORANY : $2.29B UNVGY : $4.88B

Return for Risk

ORANY vs. UNVGY — Risk / Return Rank

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

ORANY

ORANY Risk / Return Rank: 88
ORANY Sharpe Ratio Rank: 88
ORANY Sortino Ratio Rank: 87
ORANY Omega Ratio Rank: 85
ORANY Calmar Ratio Rank: 92
ORANY Martin Ratio Rank: 90

UNVGY

UNVGY Risk / Return Rank: 10
UNVGY Sharpe Ratio Rank: 6
UNVGY Sortino Ratio Rank: 9
UNVGY Omega Ratio Rank: 9
UNVGY Calmar Ratio Rank: 16
UNVGY Martin Ratio Rank: 10

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.

ORANY vs. UNVGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orange S.A (ORANY) and Universal Music Group N.V (UNVGY). 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.

	ORANY	UNVGY	Difference
Sharpe ratio Return per unit of total volatility	2.00	-0.92	+2.93
Sortino ratio Return per unit of downside risk	2.87	-1.25	+4.12
Omega ratio Gain probability vs. loss probability	1.35	0.84	+0.51
Calmar ratio Return relative to maximum drawdown	5.08	-0.69	+5.76
Martin ratio Return relative to average drawdown	12.31	-1.34	+13.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORANY vs. UNVGY - Sharpe Ratio Comparison

The current ORANY Sharpe Ratio is 2.00, which is higher than the UNVGY Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of ORANY and UNVGY, 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

	ORANY	UNVGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	-0.92	+2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.17	+0.28

Drawdowns

ORANY vs. UNVGY - Drawdown Comparison

The maximum ORANY drawdown since its inception was -96.42%, which is greater than UNVGY's maximum drawdown of -47.32%. Use the drawdown chart below to compare losses from any high point for ORANY and UNVGY.

Drawdown Indicators

	ORANY	UNVGY	Difference
Max Drawdown Largest peak-to-trough decline	-96.42%	-47.32%	-49.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-45.81%	+36.79%
Max Drawdown (3Y) Largest decline over 3 years	-17.72%	-45.81%	+28.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.92%	—	—
Current Drawdown Current decline from peak	-54.82%	-36.21%	-18.61%
Average Drawdown Average peak-to-trough decline	-73.64%	-19.76%	-53.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	23.49%	-19.78%

Volatility

ORANY vs. UNVGY - Volatility Comparison

The current volatility for Orange S.A (ORANY) is 6.14%, while Universal Music Group N.V (UNVGY) has a volatility of 11.56%. This indicates that ORANY experiences smaller price fluctuations and is considered to be less risky than UNVGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORANY	UNVGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	11.56%	-5.42%
Volatility (6M) Calculated over the trailing 6-month period	17.25%	28.58%	-11.33%
Volatility (1Y) Calculated over the trailing 1-year period	22.93%	34.23%	-11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	37.73%	-18.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	37.73%	-16.59%

Dividends

ORANY vs. UNVGY - Dividend Comparison

ORANY's dividend yield for the trailing twelve months is around 1.70%, less than UNVGY's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORANY Orange S.A	1.70%	5.15%	7.84%	6.64%	7.42%	8.95%	5.84%	5.33%	5.03%	4.28%	4.41%	4.04%
UNVGY Universal Music Group N.V	2.93%	2.28%	2.14%	1.96%	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

ORANY vs. UNVGY - Profitability Comparison

The chart below illustrates the profitability comparison between Orange S.A and Universal Music Group N.V over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ORANY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orange S.A reported a gross profit of 4.78B and revenue of 23.96B. Therefore, the gross margin over that period was 19.9%.

UNVGY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Universal Music Group N.V reported a gross profit of 2.53B and revenue of 6.58B. Therefore, the gross margin over that period was 38.4%.

ORANY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orange S.A reported an operating income of 3.19B and revenue of 23.96B, resulting in an operating margin of 13.3%.

UNVGY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Universal Music Group N.V reported an operating income of 1.09B and revenue of 6.58B, resulting in an operating margin of 16.6%.

ORANY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orange S.A reported a net income of 1.50B and revenue of 23.96B, resulting in a net margin of 6.3%.

UNVGY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Universal Music Group N.V reported a net income of 100.25M and revenue of 6.58B, resulting in a net margin of 1.5%.

Frequently Asked Questions

Can I hold both ORANY and UNVGY in my portfolio?

ORANY and UNVGY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ORANY or UNVGY?

UNVGY has higher volatility (11.56%) compared to ORANY (6.14%). In terms of maximum drawdown, ORANY dropped -96.42% vs UNVGY's -47.32%.

Which has better risk-adjusted returns?

ORANY currently has the higher Sharpe Ratio (2.00 vs -0.92), 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.