RF.PA vs. PGHN.SW

Last updated Jun 9, 2026

RF.PA (Eurazeo) and PGHN.SW (Partners Group Holding AG) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, RF.PA returned 3.28%/yr vs 11.07%/yr for PGHN.SW. At a 0.44 correlation, their price movements are largely independent.

Performance

RF.PA vs. PGHN.SW - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Eurazeo (RF.PA) and Partners Group Holding AG (PGHN.SW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RF.PA is traded in EUR, while PGHN.SW is traded in CHF. To make them comparable, the PGHN.SW values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, RF.PA achieves a -13.11% return, which is significantly higher than PGHN.SW's -22.68% return. Over the past 10 years, RF.PA has underperformed PGHN.SW with an annualized return of 3.28%, while PGHN.SW has yielded a comparatively higher 11.07% annualized return.

RF.PA

• 1D: 0.18%
• 1M: -3.75%
• YTD: -13.11%
• 6M: -14.31%
• 1Y: -24.08%
• 3Y*: -8.78%
• 5Y*: -5.74%
• 10Y*: 3.28%

PGHN.SW

• 1D: 0.00%
• 1M: -15.29%
• YTD: -22.68%
• 6M: -19.55%
• 1Y: -29.16%
• 3Y*: 0.47%
• 5Y*: -5.55%
• 10Y*: 11.07%

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

RF.PA vs. PGHN.SW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RF.PA Eurazeo	-13.11%	-22.69%	3.07%	27.95%	-21.13%	41.40%	-9.02%	10.90%	-9.85%	56.04%
PGHN.SW Partners Group Holding AG	-22.68%	-16.09%	3.30%	65.50%	-41.70%	55.67%	21.67%	59.24%	-4.97%	31.55%

Correlation

The correlation between RF.PA and PGHN.SW is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	0.44

The correlation between RF.PA and PGHN.SW shifts across timeframes, from 0.44 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RF.PA vs. PGHN.SW — Risk / Return Rank

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

RF.PA

RF.PA Risk / Return Rank: 15
RF.PA Sharpe Ratio Rank: 10
RF.PA Sortino Ratio Rank: 14
RF.PA Omega Ratio Rank: 12
RF.PA Calmar Ratio Rank: 21
RF.PA Martin Ratio Rank: 16

PGHN.SW

PGHN.SW Risk / Return Rank: 6
PGHN.SW Sharpe Ratio Rank: 5
PGHN.SW Sortino Ratio Rank: 9
PGHN.SW Omega Ratio Rank: 7
PGHN.SW Calmar Ratio Rank: 10
PGHN.SW Martin Ratio Rank: 1

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.

RF.PA vs. PGHN.SW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eurazeo (RF.PA) and Partners Group Holding AG (PGHN.SW). 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.

	RF.PA	PGHN.SW	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.93	+0.15
Sortino ratio: Return per unit of downside risk	-0.87	-1.14	+0.27
Omega ratio: Gain probability vs. loss probability	0.88	0.83	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.59	-0.84	+0.25
Martin ratio: Return relative to average drawdown	-1.19	-1.95	+0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RF.PA vs. PGHN.SW - Sharpe Ratio Comparison

The current RF.PA Sharpe Ratio is -0.78, which is comparable to the PGHN.SW Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of RF.PA and PGHN.SW, 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

	RF.PA	PGHN.SW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	-0.93	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	-0.18	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.41	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.60	-0.44

Drawdowns

RF.PA vs. PGHN.SW - Drawdown Comparison

The maximum RF.PA drawdown since its inception was -87.38%, which is greater than PGHN.SW's maximum drawdown of -62.62%. Use the drawdown chart below to compare losses from any high point for RF.PA and PGHN.SW.

Drawdown Indicators

	RF.PA	PGHN.SW	Difference
Max Drawdown Largest peak-to-trough decline	-87.38%	-62.62%	-24.76%
Max Drawdown (1Y) Largest decline over 1 year	-41.56%	-35.03%	-6.53%
Max Drawdown (3Y) Largest decline over 3 years	-53.15%	-45.78%	-7.37%
Max Drawdown (5Y) Largest decline over 5 years	-53.15%	-50.23%	-2.92%
Max Drawdown (10Y) Largest decline over 10 years	-53.15%	-50.23%	-2.92%
Current Drawdown Current decline from peak	-42.56%	-43.81%	+1.25%
Average Drawdown Average peak-to-trough decline	-26.94%	-11.53%	-15.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.77%	15.04%	+5.73%

Volatility

RF.PA vs. PGHN.SW - Volatility Comparison

The current volatility for Eurazeo (RF.PA) is 7.72%, while Partners Group Holding AG (PGHN.SW) has a volatility of 18.99%. This indicates that RF.PA experiences smaller price fluctuations and is considered to be less risky than PGHN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RF.PA	PGHN.SW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	18.99%	-11.27%
Volatility (6M) Calculated over the trailing 6-month period	22.79%	29.06%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	31.60%	31.82%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.29%	31.47%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.21%	27.26%	-0.05%

Dividends

RF.PA vs. PGHN.SW - Dividend Comparison

RF.PA's dividend yield for the trailing twelve months is around 6.72%, more than PGHN.SW's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGHN.SW Partners Group Holding AG	6.45%	4.28%	3.17%	3.05%	4.04%	1.82%	2.45%	2.48%	3.19%	2.25%	2.20%	2.35%
RF.PA Eurazeo	6.72%	4.97%	3.36%	3.06%	5.16%	1.95%	0.00%	1.95%	2.02%	1.64%	2.38%	2.19%

Financials

Frequently Asked Questions

Can I hold both RF.PA and PGHN.SW in my portfolio?

RF.PA and PGHN.SW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.