ORNBV.HE vs. IAG.L
ORNBV.HE (Orion Oyj) and IAG.L (International Consolidated Airlines Group S.A) are both stocks. ORNBV.HE operates in Drug Manufacturers - General (Healthcare), while IAG.L operates in Airlines (Industrials). Over the past 10 years, ORNBV.HE returned 11.37%/yr vs 11.39%/yr for IAG.L. At a 0.20 correlation, their price movements are largely independent.
Performance
ORNBV.HE vs. IAG.L - Performance Comparison
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Different Trading Currencies
ORNBV.HE is traded in EUR, while IAG.L is traded in GBp. To make them comparable, the IAG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ORNBV.HE achieves a 8.85% return, which is significantly higher than IAG.L's 6.42% return. Both investments have delivered pretty close results over the past 10 years, with ORNBV.HE having a 11.37% annualized return and IAG.L not far ahead at 11.39%.
ORNBV.HE
- 1D
- -0.65%
- 1M
- 1.48%
- YTD
- 8.85%
- 6M
- 15.37%
- 1Y
- 10.78%
- 3Y*
- 22.80%
- 5Y*
- 16.06%
- 10Y*
- 11.37%
IAG.L
- 1D
- 6.98%
- 1M
- 14.42%
- YTD
- 6.42%
- 6M
- 9.89%
- 1Y
- 39.49%
- 3Y*
- 39.38%
- 5Y*
- 17.24%
- 10Y*
- 11.39%
ORNBV.HE vs. IAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ORNBV.HE Orion Oyj | 8.85% | 52.85% | 13.41% | -20.40% | 45.41% | 1.67% | -6.16% | 42.49% | 2.81% | -26.22% |
IAG.L International Consolidated Airlines Group S.A | 6.42% | 33.56% | 106.55% | 27.81% | -17.56% | -5.04% | -45.00% | 28.30% | 0.80% | 50.64% |
Correlation
The correlation between ORNBV.HE and IAG.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | 0.20 |
The correlation between ORNBV.HE and IAG.L shifts across timeframes, from 0.10 (10 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ORNBV.HE vs. IAG.L — Risk / Return Rank
ORNBV.HE
IAG.L
ORNBV.HE vs. IAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Oyj (ORNBV.HE) and International Consolidated Airlines Group S.A (IAG.L). 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.
| ORNBV.HE | IAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.42 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.20 | 3.67 | -2.47 |
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Drawdowns
ORNBV.HE vs. IAG.L - Drawdown Comparison
The maximum ORNBV.HE drawdown since its inception was -58.91%, smaller than the maximum IAG.L drawdown of -79.85%. Use the drawdown chart below to compare losses from any high point for ORNBV.HE and IAG.L.
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Drawdown Indicators
| ORNBV.HE | IAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -79.85% | +20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.41% | -24.06% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -40.51% | +14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -36.88% | -54.22% | +17.34% |
Max Drawdown (10Y)Largest decline over 10 years | -58.91% | -76.86% | +17.95% |
Current DrawdownCurrent decline from peak | -9.05% | -3.35% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -38.16% | +20.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.02% | 9.31% | -1.29% |
Volatility
ORNBV.HE vs. IAG.L - Volatility Comparison
The current volatility for Orion Oyj (ORNBV.HE) is 7.86%, while International Consolidated Airlines Group S.A (IAG.L) has a volatility of 11.56%. This indicates that ORNBV.HE experiences smaller price fluctuations and is considered to be less risky than IAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORNBV.HE | IAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 11.56% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 23.42% | 29.16% | -5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.76% | 37.10% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 39.62% | -11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.81% | 49.77% | -20.96% |
Dividends
ORNBV.HE vs. IAG.L - Dividend Comparison
ORNBV.HE's dividend yield for the trailing twelve months is around 2.52%, more than IAG.L's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG.L International Consolidated Airlines Group S.A | 2.16% | 2.27% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 13.57% | 7.50% | 5.65% | 6.92% | 2.28% |
ORNBV.HE Orion Oyj | 2.52% | 2.58% | 3.79% | 4.07% | 2.93% | 4.11% | 4.00% | 3.63% | 4.79% | 0.64% | 3.07% | 4.07% |
Financials
ORNBV.HE vs. IAG.L - Financials Comparison
This section allows you to compare key financial metrics between Orion Oyj and International Consolidated Airlines Group 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
ORNBV.HE and IAG.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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