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SAABY vs. IG.MI
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

SAABY vs. IG.MI

Last updated Jun 13, 2026

SAABY (Saab AB (publ)) and IG.MI (Italgas SpA) are both stocks. SAABY operates in Aerospace & Defense (Industrials), while IG.MI operates in Utilities - Regulated Gas (Utilities). Over the past 5 years, SAABY returned 50.73%/yr vs 18.92%/yr for IG.MI. At a 0.06 correlation, their price movements are largely independent.

Performance

SAABY vs. IG.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saab AB (publ) (SAABY) and Italgas SpA (IG.MI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SAABY is traded in USD, while IG.MI is traded in EUR. To make them comparable, the IG.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SAABY achieves a -4.59% return, which is significantly lower than IG.MI's 15.05% return.

SAABY

1D
-3.70%
1M
4.75%
YTD
-4.59%
6M
0.99%
1Y
14.85%
3Y*
60.00%
5Y*
50.73%
10Y*
—

IG.MI

1D
-0.20%
1M
6.43%
YTD
15.05%
6M
19.65%
1Y
59.82%
3Y*
33.99%
5Y*
18.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAABY vs. IG.MI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SAABY
Saab AB (publ)		-4.59%177.56%39.85%47.07%67.28%-48.79%82.51%
IG.MI
Italgas SpA		15.05%110.26%5.31%8.92%-15.02%12.55%26.45%

Correlation

The correlation between SAABY and IG.MI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2020

0.06

The correlation between SAABY and IG.MI shifts across timeframes, from 0.06 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Saab AB (publ)

Italgas SpA

Often compared with SAABY:
SAABY vs. RHM.DESAABY vs. KBGGYSAABY vs. NOVO-B.COSAABY vs. LDO.MISAABY vs. HO.PASAABY vs. RNMBYSAABY vs. HAG.DE
Often compared with IG.MI:
IG.MI vs. SRG.MIIG.MI vs. A2A.MIIG.MI vs. SPYIG.MI vs. SWDA.LIG.MI vs. TRN.MIIG.MI vs. ENEL.MIIG.MI vs. NEM

Return for Risk

SAABY vs. IG.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAABY
SAABY Risk / Return Rank: 5454
Overall Rank
SAABY Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SAABY Sortino Ratio Rank: 5353
Sortino Ratio Rank
SAABY Omega Ratio Rank: 5050
Omega Ratio Rank
SAABY Calmar Ratio Rank: 5454
Calmar Ratio Rank
SAABY Martin Ratio Rank: 5656
Martin Ratio Rank
IG.MI
IG.MI Risk / Return Rank: 9494
Overall Rank
IG.MI Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IG.MI Sortino Ratio Rank: 9595
Sortino Ratio Rank
IG.MI Omega Ratio Rank: 9595
Omega Ratio Rank
IG.MI Calmar Ratio Rank: 9191
Calmar Ratio Rank
IG.MI Martin Ratio Rank: 9292
Martin Ratio Rank
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.

SAABY vs. IG.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and Italgas SpA (IG.MI). 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.

SAABYIG.MIDifference
Sharpe ratioReturn per unit of total volatility
0.36
2.93

-2.57

Sortino ratioReturn per unit of downside risk
0.87
3.62

-2.75

Omega ratioGain probability vs. loss probability

1.10

1.48

-0.38

Calmar ratioReturn relative to maximum drawdown

0.46

4.16

-3.69

Martin ratioReturn relative to average drawdown

1.14

11.83

-10.69

SAABY vs. IG.MI - Sharpe Ratio Comparison

The current SAABY Sharpe Ratio is 0.36, which is lower than the IG.MI Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of SAABY and IG.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SAABY vs. IG.MI - Drawdown Comparison

The maximum SAABY drawdown since its inception was -52.75%, which is greater than IG.MI's maximum drawdown of -34.85%. Use the drawdown chart below to compare losses from any high point for SAABY and IG.MI.

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Drawdown Indicators

SAABYIG.MIDifference

Max Drawdown

Largest peak-to-trough decline

-52.75%

-34.85%

-17.90%

Max Drawdown (1Y)

Largest decline over 1 year

-37.04%

-14.73%

-22.31%

Max Drawdown (3Y)

Largest decline over 3 years

-37.04%

-18.39%

-18.65%

Max Drawdown (5Y)

Largest decline over 5 years

-37.04%

-33.67%

-3.37%

Current Drawdown

Current decline from peak

-31.92%

-2.55%

-29.37%

Average Drawdown

Average peak-to-trough decline

-16.96%

-8.05%

-8.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.01%

5.18%

+9.83%

Volatility

SAABY vs. IG.MI - Volatility Comparison

Saab AB (publ) (SAABY) has a higher volatility of 15.37% compared to Italgas SpA (IG.MI) at 6.66%. This indicates that SAABY's price experiences larger fluctuations and is considered to be riskier than IG.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SAABYIG.MIDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.37%

6.66%

+8.71%

Volatility (6M)

Calculated over the trailing 6-month period

33.13%

17.20%

+15.93%

Volatility (1Y)

Calculated over the trailing 1-year period

47.86%

20.92%

+26.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.05%

22.61%

+24.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

57.50%

24.09%

+33.41%

Dividends

SAABY vs. IG.MI - Dividend Comparison

SAABY's dividend yield for the trailing twelve months is around 0.43%, less than IG.MI's 4.06% yield.

PositionTTM202520242023202220212020201920182017
IG.MI
Italgas SpA		4.06%4.00%6.51%6.12%5.68%4.58%4.92%4.30%4.16%3.93%
SAABY
Saab AB (publ)		0.43%0.36%0.73%0.84%1.24%2.19%0.00%0.00%0.00%0.00%

Financials

SAABY vs. IG.MI - Financials Comparison

This section allows you to compare key financial metrics between Saab AB (publ) and Italgas SpA. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. SAABY values in SEK, IG.MI values in EUR

Frequently Asked Questions

SAABY and IG.MI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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