SAABY vs. AVAV
SAABY (Saab AB (publ)) and AVAV (AeroVironment, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, SAABY returned 49.64%/yr vs 9.66%/yr for AVAV. At a 0.15 correlation, their price movements are largely independent.
Performance
SAABY vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, SAABY achieves a -7.97% return, which is significantly higher than AVAV's -38.28% return.
SAABY
- 1D
- -1.88%
- 1M
- -0.63%
- 6M
- -29.12%
- YTD
- -7.97%
- 1Y
- 9.32%
- 3Y*
- 57.70%
- 5Y*
- 49.64%
- 10Y*
- —
AVAV
- 1D
- 5.71%
- 1M
- -10.45%
- 6M
- -60.56%
- YTD
- -38.28%
- 1Y
- -44.49%
- 3Y*
- 15.92%
- 5Y*
- 9.66%
- 10Y*
- 18.40%
SAABY vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SAABY Saab AB (publ) | -7.97% | 177.56% | 39.85% | 47.07% | 67.28% | -48.79% | 82.51% |
AVAV AeroVironment, Inc. | -38.28% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 44.28% |
Correlation
The correlation between SAABY and AVAV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020 | 0.15 |
Over the past year, SAABY and AVAV have become more correlated (0.38) than their long-term average of 0.15, meaning their price movements have been converging.
Fundamentals
SAABY:
$28.71B
AVAV:
$7.56B
SAABY:
SEK 5.98
AVAV:
-$5.41
SAABY:
3.36
AVAV:
5.16
SAABY:
6.19
AVAV:
1.71
SAABY:
SEK 82.29B
AVAV:
$1.42B
SAABY:
SEK 17.87B
AVAV:
$246.70M
SAABY:
SEK 9.44B
AVAV:
-$6.04M
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Return for Risk
SAABY vs. AVAV — Risk / Return Rank
SAABY
AVAV
SAABY vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and AeroVironment, Inc. (AVAV). 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.
| SAABY | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.93 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | -0.67 | +0.91 |
| Martin ratioReturn relative to average drawdown | 0.52 | -1.15 | +1.67 |
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Drawdowns
SAABY vs. AVAV - Drawdown Comparison
The maximum SAABY drawdown since its inception was -52.75%, smaller than the maximum AVAV drawdown of -66.65%. Use the drawdown chart below to compare losses from any high point for SAABY and AVAV.
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Drawdown Indicators
| SAABY | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -66.65% | +13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -38.38% | -66.65% | +28.27% |
Max Drawdown (3Y)Largest decline over 3 years | -38.38% | -66.65% | +28.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.38% | -66.65% | +28.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.65% | — |
Current DrawdownCurrent decline from peak | -34.34% | -63.57% | +29.23% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -28.86% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.81% | 38.84% | -21.03% |
Volatility
SAABY vs. AVAV - Volatility Comparison
The current volatility for Saab AB (publ) (SAABY) is 14.15%, while AeroVironment, Inc. (AVAV) has a volatility of 29.22%. This indicates that SAABY experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAABY | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 29.22% | -15.07% |
Volatility (6M)Calculated over the trailing 6-month period | 32.97% | 60.20% | -27.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 73.25% | -25.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.54% | 57.36% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.38% | 52.78% | +4.60% |
Dividends
SAABY vs. AVAV - Dividend Comparison
SAABY's dividend yield for the trailing twelve months is around 0.44%, while AVAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAABY Saab AB (publ) | 0.44% | 0.36% | 0.73% | 0.84% | 1.24% | 2.19% |
Financials
SAABY vs. AVAV - Financials Comparison
This section allows you to compare key financial metrics between Saab AB (publ) and AeroVironment, Inc.. 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
SAABY vs. AVAV - Profitability Comparison
SAABY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Saab AB (publ) reported a gross profit of 4.48B and revenue of 19.16B. Therefore, the gross margin over that period was 23.4%.
AVAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a gross profit of 0.00 and revenue of 80.12M. Therefore, the gross margin over that period was 0.0%.
SAABY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Saab AB (publ) reported an operating income of 1.91B and revenue of 19.16B, resulting in an operating margin of 10.0%.
AVAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported an operating income of 56.94M and revenue of 80.12M, resulting in an operating margin of 71.1%.
SAABY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Saab AB (publ) reported a net income of 1.44B and revenue of 19.16B, resulting in a net margin of 7.5%.
AVAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a net income of -24.10M and revenue of 80.12M, resulting in a net margin of -30.1%.
Frequently Asked Questions
SAABY and AVAV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (29.22%) compared to SAABY (14.15%). In terms of maximum drawdown, SAABY dropped -52.75% vs AVAV's -66.65%.
SAABY currently has the higher Sharpe Ratio (0.19 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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