RR.L vs. HO.PA
RR.L (Rolls-Royce Holdings PLC) and HO.PA (Thales S.A.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, RR.L returned 20.98%/yr vs 15.69%/yr for HO.PA. At a 0.40 correlation, their price movements are largely independent.
Performance
RR.L vs. HO.PA - Performance Comparison
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Different Trading Currencies
RR.L is traded in GBp, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RR.L achieves a 14.24% return, which is significantly higher than HO.PA's 2.47% return. Over the past 10 years, RR.L has outperformed HO.PA with an annualized return of 20.98%, while HO.PA has yielded a comparatively lower 15.69% annualized return.
RR.L
- 1D
- 4.41%
- 1M
- 8.55%
- YTD
- 14.24%
- 6M
- 19.81%
- 1Y
- 48.66%
- 3Y*
- 106.71%
- 5Y*
- 64.05%
- 10Y*
- 20.98%
HO.PA
- 1D
- -1.32%
- 1M
- 5.94%
- YTD
- 2.47%
- 6M
- 1.17%
- 1Y
- -2.87%
- 3Y*
- 23.37%
- 5Y*
- 24.93%
- 10Y*
- 15.69%
RR.L vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RR.L Rolls-Royce Holdings PLC | 14.24% | 104.79% | 89.72% | 221.57% | -24.15% | 10.45% | -52.55% | -16.52% | -0.63% | 27.42% |
HO.PA Thales S.A. | 2.47% | 77.37% | 0.95% | 12.49% | 71.59% | -3.76% | -14.02% | -12.48% | 16.53% | 3.53% |
Correlation
The correlation between RR.L and HO.PA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.40 |
The correlation between RR.L and HO.PA shifts across timeframes, from 0.32 (5 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RR.L vs. HO.PA — Risk / Return Rank
RR.L
HO.PA
RR.L vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rolls-Royce Holdings PLC (RR.L) 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.
| RR.L | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.01 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | -0.15 | +2.69 |
| Martin ratioReturn relative to average drawdown | 7.03 | -0.28 | +7.31 |
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Drawdowns
RR.L vs. HO.PA - Drawdown Comparison
The maximum RR.L drawdown since its inception was -90.25%, which is greater than HO.PA's maximum drawdown of -53.05%. Use the drawdown chart below to compare losses from any high point for RR.L and HO.PA.
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Drawdown Indicators
| RR.L | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.25% | -53.05% | -37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | -19.22% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.78% | -22.76% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -55.09% | -22.76% | -32.33% |
Max Drawdown (10Y)Largest decline over 10 years | -89.41% | -53.05% | -36.36% |
Current DrawdownCurrent decline from peak | -3.61% | -13.38% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -28.29% | -14.56% | -13.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 10.13% | -3.22% |
Volatility
RR.L vs. HO.PA - Volatility Comparison
Rolls-Royce Holdings PLC (RR.L) has a higher volatility of 11.80% compared to Thales S.A. (HO.PA) at 7.75%. This indicates that RR.L's price experiences larger fluctuations and is considered to be riskier 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
| RR.L | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 7.75% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.08% | 23.62% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.24% | 31.33% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 28.26% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.60% | 27.54% | +21.06% |
Dividends
RR.L vs. HO.PA - Dividend Comparison
RR.L's dividend yield for the trailing twelve months is around 0.73%, less 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% |
RR.L Rolls-Royce Holdings PLC | 0.73% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.71% | 1.41% | 0.54% | 1.75% | 4.06% |
Financials
RR.L vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Rolls-Royce Holdings PLC 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
RR.L and HO.PA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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