SAAB-B.ST vs. HO.PA
SAAB-B.ST (Saab AB (publ)) 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, SAAB-B.ST returned 26.17%/yr vs 15.61%/yr for HO.PA. At a 0.43 correlation, their price movements are largely independent.
Performance
SAAB-B.ST vs. HO.PA - Performance Comparison
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Different Trading Currencies
SAAB-B.ST is traded in SEK, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAAB-B.ST achieves a -2.02% return, which is significantly lower than HO.PA's 1.88% return. Over the past 10 years, SAAB-B.ST has outperformed HO.PA with an annualized return of 26.17%, while HO.PA has yielded a comparatively lower 15.61% annualized return.
SAAB-B.ST
- 1D
- 1.60%
- 1M
- -10.61%
- YTD
- -2.02%
- 6M
- 7.67%
- 1Y
- 3.18%
- 3Y*
- 53.62%
- 5Y*
- 54.70%
- 10Y*
- 26.17%
HO.PA
- 1D
- 2.01%
- 1M
- -3.01%
- YTD
- 1.88%
- 6M
- 3.45%
- 1Y
- -14.62%
- 3Y*
- 19.96%
- 5Y*
- 26.71%
- 10Y*
- 15.61%
SAAB-B.ST vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAAB-B.ST Saab AB (publ) | -2.02% | 131.01% | 54.94% | 49.18% | 80.89% | -1.92% | -15.10% | 3.45% | -15.23% | 18.82% |
HO.PA Thales S.A. | 1.88% | 59.15% | 8.90% | 14.68% | 76.58% | 4.85% | -22.29% | -3.96% | 19.25% | 2.08% |
Correlation
The correlation between SAAB-B.ST and HO.PA is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | 0.43 |
The correlation between SAAB-B.ST and HO.PA shifts across timeframes, from 0.43 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SAAB-B.ST vs. HO.PA — Risk / Return Rank
SAAB-B.ST
HO.PA
SAAB-B.ST vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAAB-B.ST) 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.
| SAAB-B.ST | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.95 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.64 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.63 | -1.08 | +1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAAB-B.ST | HO.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -0.42 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.93 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.56 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.47 | -0.01 |
Drawdowns
SAAB-B.ST vs. HO.PA - Drawdown Comparison
The maximum SAAB-B.ST drawdown since its inception was -75.34%, which is greater than HO.PA's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for SAAB-B.ST and HO.PA.
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Drawdown Indicators
| SAAB-B.ST | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.34% | -54.32% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -33.73% | -19.91% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.73% | -19.99% | -13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -33.73% | -21.47% | -12.26% |
Max Drawdown (10Y)Largest decline over 10 years | -61.48% | -54.32% | -7.16% |
Current DrawdownCurrent decline from peak | -27.82% | -15.25% | -12.57% |
Average DrawdownAverage peak-to-trough decline | -19.46% | -15.39% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 10.93% | +2.23% |
Volatility
SAAB-B.ST vs. HO.PA - Volatility Comparison
Saab AB (publ) (SAAB-B.ST) has a higher volatility of 14.47% compared to Thales S.A. (HO.PA) at 7.98%. This indicates that SAAB-B.ST'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
| SAAB-B.ST | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 7.98% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 29.77% | 22.80% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.72% | 30.85% | +15.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.56% | 28.35% | +11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.69% | 27.35% | +8.34% |
Dividends
SAAB-B.ST vs. HO.PA - Dividend Comparison
SAAB-B.ST's dividend yield for the trailing twelve months is around 0.42%, less than HO.PA's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.70% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
SAAB-B.ST Saab AB (publ) | 0.42% | 0.37% | 0.68% | 0.87% | 1.19% | 2.04% | 7.85% | 1.43% | 1.65% | 1.32% | 1.47% | 1.82% |
Financials
SAAB-B.ST vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Saab AB (publ) 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
SAAB-B.ST and HO.PA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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