SAAB-B.ST vs. IDR.MC

Last updated Jun 5, 2026

SAAB-B.ST (Saab AB (publ)) and IDR.MC (Indra A) are both stocks. SAAB-B.ST operates in Aerospace & Defense (Industrials), while IDR.MC operates in Information Technology Services (Technology). Over the past 10 years, SAAB-B.ST returned 26.17%/yr vs 21.36%/yr for IDR.MC. At a 0.29 correlation, their price movements are largely independent.

Performance

SAAB-B.ST vs. IDR.MC - Performance Comparison

The chart below illustrates the hypothetical performance of a SEK 10,000 investment in Saab AB (publ) (SAAB-B.ST) and Indra A (IDR.MC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SAAB-B.ST is traded in SEK, while IDR.MC is traded in EUR. To make them comparable, the IDR.MC 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 IDR.MC's 12.55% return. Over the past 10 years, SAAB-B.ST has outperformed IDR.MC with an annualized return of 26.17%, while IDR.MC has yielded a comparatively lower 21.36% annualized return.

SAAB-B.ST

• 1D: 1.60%
• 1M: -2.27%
• YTD: -2.02%
• 6M: 7.67%
• 1Y: 3.18%
• 3Y*: 53.62%
• 5Y*: 54.70%
• 10Y*: 26.17%

IDR.MC

• 1D: 1.20%
• 1M: 7.97%
• YTD: 12.55%
• 6M: 11.37%
• 1Y: 54.93%
• 3Y*: 66.15%
• 5Y*: 54.23%
• 10Y*: 21.36%

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

SAAB-B.ST vs. IDR.MC - 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%
IDR.MC Indra A	12.55%	170.47%	27.29%	34.21%	23.75%	38.97%	-34.52%	27.95%	-25.38%	12.64%

Correlation

The correlation between SAAB-B.ST and IDR.MC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.29

The correlation between SAAB-B.ST and IDR.MC shifts across timeframes, from 0.29 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SAAB-B.ST vs. IDR.MC — Risk / Return Rank

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

SAAB-B.ST

SAAB-B.ST Risk / Return Rank: 46
SAAB-B.ST Sharpe Ratio Rank: 48
SAAB-B.ST Sortino Ratio Rank: 45
SAAB-B.ST Omega Ratio Rank: 44
SAAB-B.ST Calmar Ratio Rank: 47
SAAB-B.ST Martin Ratio Rank: 48

IDR.MC

IDR.MC Risk / Return Rank: 74
IDR.MC Sharpe Ratio Rank: 76
IDR.MC Sortino Ratio Rank: 73
IDR.MC Omega Ratio Rank: 72
IDR.MC Calmar Ratio Rank: 73
IDR.MC Martin Ratio Rank: 75

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.

SAAB-B.ST vs. IDR.MC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAAB-B.ST) and Indra A (IDR.MC). 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	IDR.MC	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.17	-0.99
Sortino ratio: Return per unit of downside risk	0.60	1.87	-1.27
Omega ratio: Gain probability vs. loss probability	1.07	1.24	-0.17
Calmar ratio: Return relative to maximum drawdown	0.25	1.95	-1.71
Martin ratio: Return relative to average drawdown	0.63	4.78	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAAB-B.ST vs. IDR.MC - Sharpe Ratio Comparison

The current SAAB-B.ST Sharpe Ratio is 0.18, which is lower than the IDR.MC Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of SAAB-B.ST and IDR.MC, 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

	SAAB-B.ST	IDR.MC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	1.17	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.39	1.53	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.62	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.27	+0.18

Drawdowns

SAAB-B.ST vs. IDR.MC - Drawdown Comparison

The maximum SAAB-B.ST drawdown since its inception was -75.34%, which is greater than IDR.MC's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for SAAB-B.ST and IDR.MC.

Drawdown Indicators

	SAAB-B.ST	IDR.MC	Difference
Max Drawdown Largest peak-to-trough decline	-75.34%	-64.41%	-10.93%
Max Drawdown (1Y) Largest decline over 1 year	-33.73%	-28.72%	-5.01%
Max Drawdown (3Y) Largest decline over 3 years	-33.73%	-28.72%	-5.01%
Max Drawdown (5Y) Largest decline over 5 years	-33.73%	-28.72%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-61.48%	-59.82%	-1.66%
Current Drawdown Current decline from peak	-27.82%	-14.02%	-13.80%
Average Drawdown Average peak-to-trough decline	-19.46%	-24.52%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	11.80%	+1.36%

Volatility

SAAB-B.ST vs. IDR.MC - Volatility Comparison

Saab AB (publ) (SAAB-B.ST) has a higher volatility of 14.47% compared to Indra A (IDR.MC) at 10.18%. This indicates that SAAB-B.ST's price experiences larger fluctuations and is considered to be riskier than IDR.MC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAAB-B.ST	IDR.MC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	10.18%	+4.29%
Volatility (6M) Calculated over the trailing 6-month period	29.77%	39.28%	-9.51%
Volatility (1Y) Calculated over the trailing 1-year period	46.72%	48.11%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.56%	34.75%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	33.94%	+1.75%

Dividends

SAAB-B.ST vs. IDR.MC - Dividend Comparison

SAAB-B.ST's dividend yield for the trailing twelve months is around 0.42%, less than IDR.MC's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDR.MC Indra A	0.46%	0.52%	1.46%	1.79%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Frequently Asked Questions

Can I hold both SAAB-B.ST and IDR.MC in my portfolio?

SAAB-B.ST and IDR.MC have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.