RXL.PA vs. NRO.PA

Last updated Jun 5, 2026

RXL.PA (Rexel S.A) and NRO.PA (Neurones S.A.) are both stocks. Both are in the Technology sector — RXL.PA in Electronics & Computer Distribution, NRO.PA in Information Technology Services. Over the past 10 years, RXL.PA returned 14.56%/yr vs 9.62%/yr for NRO.PA. At a 0.12 correlation, their price movements are largely independent.

Performance

RXL.PA vs. NRO.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Rexel S.A (RXL.PA) and Neurones S.A. (NRO.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RXL.PA achieves a 13.91% return, which is significantly higher than NRO.PA's -9.41% return. Over the past 10 years, RXL.PA has outperformed NRO.PA with an annualized return of 14.56%, while NRO.PA has yielded a comparatively lower 9.62% annualized return.

RXL.PA

• 1D: -0.03%
• 1M: 2.74%
• YTD: 13.91%
• 6M: 16.87%
• 1Y: 53.35%
• 3Y*: 28.18%
• 5Y*: 21.95%
• 10Y*: 14.56%

NRO.PA

• 1D: 2.23%
• 1M: 7.73%
• YTD: -9.41%
• 6M: -12.36%
• 1Y: -14.93%
• 3Y*: 1.98%
• 5Y*: 8.48%
• 10Y*: 9.62%

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

RXL.PA vs. NRO.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RXL.PA Rexel S.A	13.91%	43.03%	3.70%	42.75%	7.48%	42.07%	8.86%	28.40%	-36.30%	-0.59%
NRO.PA Neurones S.A.	-9.41%	0.74%	3.20%	14.49%	6.17%	73.33%	14.68%	9.29%	-34.21%	29.10%

Correlation

The correlation between RXL.PA and NRO.PA is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	0.12

Return for Risk

RXL.PA vs. NRO.PA — Risk / Return Rank

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

RXL.PA

RXL.PA Risk / Return Rank: 85
RXL.PA Sharpe Ratio Rank: 87
RXL.PA Sortino Ratio Rank: 84
RXL.PA Omega Ratio Rank: 82
RXL.PA Calmar Ratio Rank: 83
RXL.PA Martin Ratio Rank: 89

NRO.PA

NRO.PA Risk / Return Rank: 19
NRO.PA Sharpe Ratio Rank: 15
NRO.PA Sortino Ratio Rank: 16
NRO.PA Omega Ratio Rank: 17
NRO.PA Calmar Ratio Rank: 24
NRO.PA Martin Ratio Rank: 24

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.

RXL.PA vs. NRO.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rexel S.A (RXL.PA) and Neurones S.A. (NRO.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.

	RXL.PA	NRO.PA	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.60	+2.49
Sortino ratio: Return per unit of downside risk	2.64	-0.70	+3.34
Omega ratio: Gain probability vs. loss probability	1.32	0.92	+0.41
Calmar ratio: Return relative to maximum drawdown	3.10	-0.51	+3.60
Martin ratio: Return relative to average drawdown	11.67	-0.88	+12.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RXL.PA vs. NRO.PA - Sharpe Ratio Comparison

The current RXL.PA Sharpe Ratio is 1.89, which is higher than the NRO.PA Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of RXL.PA and NRO.PA, 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

	RXL.PA	NRO.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	-0.60	+2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.33	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.39	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.23	-0.03

Drawdowns

RXL.PA vs. NRO.PA - Drawdown Comparison

The maximum RXL.PA drawdown since its inception was -77.95%, roughly equal to the maximum NRO.PA drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for RXL.PA and NRO.PA.

Drawdown Indicators

	RXL.PA	NRO.PA	Difference
Max Drawdown Largest peak-to-trough decline	-77.95%	-77.55%	-0.40%
Max Drawdown (1Y) Largest decline over 1 year	-16.98%	-29.16%	+12.18%
Max Drawdown (3Y) Largest decline over 3 years	-30.53%	-32.28%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-32.81%	-32.28%	-0.53%
Max Drawdown (10Y) Largest decline over 10 years	-66.38%	-40.74%	-25.64%
Current Drawdown Current decline from peak	-2.65%	-21.51%	+18.86%
Average Drawdown Average peak-to-trough decline	-21.38%	-24.12%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	16.92%	-12.39%

Volatility

RXL.PA vs. NRO.PA - Volatility Comparison

Rexel S.A (RXL.PA) has a higher volatility of 8.65% compared to Neurones S.A. (NRO.PA) at 6.35%. This indicates that RXL.PA's price experiences larger fluctuations and is considered to be riskier than NRO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RXL.PA	NRO.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	6.35%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	22.06%	18.70%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	27.81%	24.80%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.84%	25.13%	+7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.94%	24.41%	+12.53%

Dividends

RXL.PA vs. NRO.PA - Dividend Comparison

RXL.PA's dividend yield for the trailing twelve months is around 3.24%, less than NRO.PA's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRO.PA Neurones S.A.	3.33%	3.02%	2.73%	2.51%	2.55%	5.26%	0.85%	0.29%	0.32%	0.21%	0.27%	0.34%
RXL.PA Rexel S.A	3.24%	3.57%	4.88%	4.84%	4.07%	2.58%	0.00%	0.76%	4.52%	2.65%	2.56%	6.11%

Financials

Frequently Asked Questions

Can I hold both RXL.PA and NRO.PA in my portfolio?

RXL.PA and NRO.PA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.