RACE vs. EXO.AS

Last updated Jun 4, 2026

RACE (Ferrari N.V.) and EXO.AS (Exor N.V.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 3 years, RACE returned 6.45%/yr vs -3.49%/yr for EXO.AS. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

RACE vs. EXO.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ferrari N.V. (RACE) and Exor N.V. (EXO.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, RACE achieves a -4.64% return, which is significantly higher than EXO.AS's -10.50% return.

RACE

• 1D: -2.66%
• 1M: 1.62%
• YTD: -4.64%
• 6M: -10.52%
• 1Y: -25.93%
• 3Y*: 6.45%
• 5Y*: 10.99%
• 10Y*: 24.26%

EXO.AS

• 1D: -2.94%
• 1M: -2.34%
• YTD: -10.50%
• 6M: -9.87%
• 1Y: -20.63%
• 3Y*: -3.49%
• 5Y*: —
• 10Y*: —

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

RACE vs. EXO.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RACE Ferrari N.V.	-4.64%	-11.65%	26.34%	59.12%	-0.74%
EXO.AS Exor N.V.	-10.50%	-6.65%	-7.80%	37.46%	7.75%

Correlation

The correlation between RACE and EXO.AS is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 15, 2022	0.54

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

Return for Risk

RACE vs. EXO.AS — Risk / Return Rank

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

RACE

RACE Risk / Return Rank: 14
RACE Sharpe Ratio Rank: 10
RACE Sortino Ratio Rank: 13
RACE Omega Ratio Rank: 12
RACE Calmar Ratio Rank: 16
RACE Martin Ratio Rank: 18

EXO.AS

EXO.AS Risk / Return Rank: 11
EXO.AS Sharpe Ratio Rank: 6
EXO.AS Sortino Ratio Rank: 9
EXO.AS Omega Ratio Rank: 9
EXO.AS Calmar Ratio Rank: 14
EXO.AS Martin Ratio Rank: 14

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.

RACE vs. EXO.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) and Exor N.V. (EXO.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.

	RACE	EXO.AS	Difference
Sharpe ratio Return per unit of total volatility	-0.75	-0.83	+0.08
Sortino ratio Return per unit of downside risk	-0.89	-1.02	+0.13
Omega ratio Gain probability vs. loss probability	0.88	0.87	+0.01
Calmar ratio Return relative to maximum drawdown	-0.66	-0.65	-0.02
Martin ratio Return relative to average drawdown	-1.06	-1.08	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RACE vs. EXO.AS - Sharpe Ratio Comparison

The current RACE Sharpe Ratio is -0.75, which is comparable to the EXO.AS Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of RACE and EXO.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.

Sharpe Ratios by Period

	RACE	EXO.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	-0.83	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.15	+0.51

Drawdowns

RACE vs. EXO.AS - Drawdown Comparison

The maximum RACE drawdown since its inception was -43.61%, which is greater than EXO.AS's maximum drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for RACE and EXO.AS.

Drawdown Indicators

	RACE	EXO.AS	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-35.28%	-8.33%
Max Drawdown (1Y) Largest decline over 1 year	-39.22%	-31.63%	-7.59%
Max Drawdown (3Y) Largest decline over 3 years	-39.22%	-35.28%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	—	—
Current Drawdown Current decline from peak	-31.92%	-32.76%	+0.84%
Average Drawdown Average peak-to-trough decline	-10.97%	-10.45%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.52%	18.94%	+5.58%

Volatility

RACE vs. EXO.AS - Volatility Comparison

Ferrari N.V. (RACE) has a higher volatility of 11.94% compared to Exor N.V. (EXO.AS) at 6.87%. This indicates that RACE's price experiences larger fluctuations and is considered to be riskier than EXO.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RACE	EXO.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.94%	6.87%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	23.86%	17.18%	+6.68%
Volatility (1Y) Calculated over the trailing 1-year period	34.63%	24.54%	+10.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.41%	23.43%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.50%	23.43%	+6.07%

Dividends

RACE vs. EXO.AS - Dividend Comparison

RACE's dividend yield for the trailing twelve months is around 2.47%, more than EXO.AS's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EXO.AS Exor N.V.	0.75%	0.68%	0.52%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RACE Ferrari N.V.	2.47%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%

Financials

Frequently Asked Questions

Can I hold both RACE and EXO.AS in my portfolio?

RACE and EXO.AS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.