PEP vs. HO.PA
PEP (PepsiCo, Inc.) and HO.PA (Thales S.A.) are both stocks. PEP operates in Beverages - Non-Alcoholic (Consumer Defensive), while HO.PA operates in Aerospace & Defense (Industrials). Over the past 10 years, PEP returned 6.62%/yr vs 15.10%/yr for HO.PA. At a 0.16 correlation, their price movements are largely independent.
Performance
PEP vs. HO.PA - Performance Comparison
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Different Trading Currencies
PEP is traded in USD, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PEP achieves a 2.49% return, which is significantly higher than HO.PA's 1.95% return. Over the past 10 years, PEP has underperformed HO.PA with an annualized return of 6.62%, while HO.PA has yielded a comparatively higher 15.10% annualized return.
PEP
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- 2.49%
- 6M
- -2.36%
- 1Y
- 13.36%
- 3Y*
- -4.09%
- 5Y*
- 2.73%
- 10Y*
- 6.62%
HO.PA
- 1D
- -1.41%
- 1M
- 5.02%
- YTD
- 1.95%
- 6M
- 1.42%
- 1Y
- -4.39%
- 3Y*
- 25.91%
- 5Y*
- 23.65%
- 10Y*
- 15.10%
PEP vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 2.49% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
HO.PA Thales S.A. | 1.95% | 90.97% | -0.78% | 18.41% | 53.36% | -4.66% | -11.42% | -9.02% | 10.01% | 13.33% |
Correlation
The correlation between PEP and HO.PA is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.16 |
The correlation between PEP and HO.PA shifts across timeframes, from -0.01 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PEP vs. HO.PA — Risk / Return Rank
PEP
HO.PA
PEP vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.
| PEP | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.00 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.21 | +1.04 |
| Martin ratioReturn relative to average drawdown | 2.11 | -0.42 | +2.53 |
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Drawdowns
PEP vs. HO.PA - Drawdown Comparison
The maximum PEP drawdown since its inception was -73.92%, which is greater than HO.PA's maximum drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for PEP and HO.PA.
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Drawdown Indicators
| PEP | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.92% | -56.96% | -16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -20.33% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.17% | -24.08% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -25.64% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -56.96% | +26.64% |
Current DrawdownCurrent decline from peak | -17.75% | -13.60% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -18.37% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 10.35% | -3.98% |
Volatility
PEP vs. HO.PA - Volatility Comparison
The current volatility for PepsiCo, Inc. (PEP) is 5.39%, while Thales S.A. (HO.PA) has a volatility of 8.22%. This indicates that PEP 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
| PEP | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 8.22% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 24.43% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 32.18% | -10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 29.52% | -11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 28.73% | -9.06% |
Dividends
PEP vs. HO.PA - Dividend Comparison
PEP's dividend yield for the trailing twelve months is around 3.98%, 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% |
PEP PepsiCo, Inc. | 3.98% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
PEP vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between PepsiCo, Inc. 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
PEP and HO.PA have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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