PRNDY vs. HEIA.AS

Last updated Jun 13, 2026

PRNDY (Pernod Ricard SA.) and HEIA.AS (Heineken N.V.) are both stocks. Both are in the Consumer Defensive sector — PRNDY in Beverages - Wineries & Distilleries, HEIA.AS in Beverages - Brewers. Over the past 3 years, PRNDY returned -27.43%/yr vs -4.80%/yr for HEIA.AS. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

PRNDY vs. HEIA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pernod Ricard SA. (PRNDY) and Heineken N.V. (HEIA.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRNDY is traded in USD, while HEIA.AS is traded in EUR. To make them comparable, the HEIA.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRNDY achieves a -14.20% return, which is significantly lower than HEIA.AS's 1.34% return.

PRNDY

• 1D: 0.38%
• 1M: 2.90%
• YTD: -14.20%
• 6M: -18.02%
• 1Y: -24.70%
• 3Y*: -27.43%
• 5Y*: —
• 10Y*: —

HEIA.AS

• 1D: -0.30%
• 1M: 7.83%
• YTD: 1.34%
• 6M: 1.53%
• 1Y: -7.03%
• 3Y*: -4.80%
• 5Y*: -5.32%
• 10Y*: 1.03%

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

PRNDY vs. HEIA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PRNDY Pernod Ricard SA.	-14.20%	-19.27%	-33.61%	-7.89%	-17.06%	3.67%
HEIA.AS Heineken N.V.	1.34%	18.10%	-28.49%	10.08%	-15.15%	1.04%

Correlation

The correlation between PRNDY and HEIA.AS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021	0.56

The correlation between PRNDY and HEIA.AS has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

PRNDY vs. HEIA.AS — Risk / Return Rank

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

PRNDY

PRNDY Risk / Return Rank: 14
PRNDY Sharpe Ratio Rank: 9
PRNDY Sortino Ratio Rank: 11
PRNDY Omega Ratio Rank: 12
PRNDY Calmar Ratio Rank: 19
PRNDY Martin Ratio Rank: 19

HEIA.AS

HEIA.AS Risk / Return Rank: 24
HEIA.AS Sharpe Ratio Rank: 24
HEIA.AS Sortino Ratio Rank: 22
HEIA.AS Omega Ratio Rank: 22
HEIA.AS Calmar Ratio Rank: 25
HEIA.AS Martin Ratio Rank: 27

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.

PRNDY vs. HEIA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pernod Ricard SA. (PRNDY) and Heineken N.V. (HEIA.AS). 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.

	PRNDY	HEIA.AS	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	-0.41	-0.42
Sortino ratio: Return per unit of downside risk	-1.10	-0.41	-0.69
Omega ratio: Gain probability vs. loss probability	0.87	0.95	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.45	-0.18
Martin ratio: Return relative to average drawdown	-1.10	-0.74	-0.35

PRNDY vs. HEIA.AS - Sharpe Ratio Comparison

The current PRNDY Sharpe Ratio is -0.83, which is lower than the HEIA.AS Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of PRNDY and HEIA.AS, 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

PRNDY vs. HEIA.AS - Drawdown Comparison

The maximum PRNDY drawdown since its inception was -67.59%, which is greater than HEIA.AS's maximum drawdown of -63.53%. Use the drawdown chart below to compare losses from any high point for PRNDY and HEIA.AS.

Drawdown Indicators

	PRNDY	HEIA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-67.59%	-63.53%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-41.41%	-21.14%	-20.27%
Max Drawdown (3Y) Largest decline over 3 years	-66.31%	-38.31%	-28.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.32%	—
Current Drawdown Current decline from peak	-65.09%	-26.90%	-38.19%
Average Drawdown Average peak-to-trough decline	-32.58%	-16.54%	-16.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.72%	12.89%	+10.83%

Volatility

PRNDY vs. HEIA.AS - Volatility Comparison

The current volatility for Pernod Ricard SA. (PRNDY) is 6.80%, while Heineken N.V. (HEIA.AS) has a volatility of 8.33%. This indicates that PRNDY experiences smaller price fluctuations and is considered to be less risky than HEIA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRNDY	HEIA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	8.33%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	24.23%	17.22%	+7.01%
Volatility (1Y) Calculated over the trailing 1-year period	31.55%	23.24%	+8.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.30%	23.93%	+3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.30%	22.64%	+4.66%

Dividends

PRNDY vs. HEIA.AS - Dividend Comparison

PRNDY's dividend yield for the trailing twelve months is around 7.51%, more than HEIA.AS's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEIA.AS Heineken N.V.	2.69%	2.74%	2.52%	2.09%	1.66%	0.99%	1.14%	1.74%	1.97%	1.56%	1.94%	1.50%
PRNDY Pernod Ricard SA.	7.51%	6.44%	4.53%	2.86%	2.10%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PRNDY and HEIA.AS in my portfolio?

PRNDY and HEIA.AS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.