SAABY vs. KBGGY

Last updated Jun 24, 2026

SAABY (Saab AB (publ)) and KBGGY (Kongsberg Gruppen ASA) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, SAABY returned 56.79%/yr vs 65.72%/yr for KBGGY. At a 0.34 correlation, their price movements are largely independent.

Performance

SAABY vs. KBGGY - Performance Comparison

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

Returns By Period

In the year-to-date period, SAABY achieves a -10.54% return, which is significantly lower than KBGGY's 44.53% return.

SAABY

• 1D: -0.89%
• 1M: -8.22%
• YTD: -10.54%
• 6M: -10.32%
• 1Y: 2.83%
• 3Y*: 56.79%
• 5Y*: 48.80%
• 10Y*: —

KBGGY

• 1D: 1.59%
• 1M: -8.45%
• YTD: 44.53%
• 6M: 40.45%
• 1Y: -7.90%
• 3Y*: 65.72%
• 5Y*: —
• 10Y*: —

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

SAABY vs. KBGGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SAABY Saab AB (publ)	-10.54%	177.56%	39.85%	0.63%
KBGGY Kongsberg Gruppen ASA	44.53%	19.00%	164.60%	-2.54%

Correlation

The correlation between SAABY and KBGGY is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.34

Over the past year, SAABY and KBGGY have become more correlated (0.56) than their long-term average of 0.34, meaning their price movements have been converging.

Return for Risk

SAABY vs. KBGGY — Risk / Return Rank

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

SAABY

SAABY Risk / Return Rank: 43
SAABY Sharpe Ratio Rank: 45
SAABY Sortino Ratio Rank: 42
SAABY Omega Ratio Rank: 41
SAABY Calmar Ratio Rank: 44
SAABY Martin Ratio Rank: 44

KBGGY

KBGGY Risk / Return Rank: 36
KBGGY Sharpe Ratio Rank: 37
KBGGY Sortino Ratio Rank: 35
KBGGY Omega Ratio Rank: 35
KBGGY Calmar Ratio Rank: 36
KBGGY Martin Ratio Rank: 36

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. KBGGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and Kongsberg Gruppen ASA (KBGGY). 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	KBGGY	Difference
Sharpe ratio: Return per unit of total volatility	0.06	-0.15	+0.21
Sortino ratio: Return per unit of downside risk	0.45	0.15	+0.30
Omega ratio: Gain probability vs. loss probability	1.05	1.02	+0.03
Calmar ratio: Return relative to maximum drawdown	0.08	-0.20	+0.27
Martin ratio: Return relative to average drawdown	0.18	-0.38	+0.56

SAABY vs. KBGGY - Sharpe Ratio Comparison

The current SAABY Sharpe Ratio is 0.06, which is higher than the KBGGY Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of SAABY and KBGGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAABY vs. KBGGY - Drawdown Comparison

The maximum SAABY drawdown since its inception was -52.75%, smaller than the maximum KBGGY drawdown of -68.35%. Use the drawdown chart below to compare losses from any high point for SAABY and KBGGY.

Drawdown Indicators

	SAABY	KBGGY	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-68.35%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	-37.04%	-40.44%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-37.04%	-68.35%	+31.31%
Max Drawdown (5Y) Largest decline over 5 years	-37.04%	—	—
Current Drawdown Current decline from peak	-36.16%	-48.20%	+12.04%
Average Drawdown Average peak-to-trough decline	-17.03%	-20.46%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.94%	23.68%	-7.74%

Volatility

SAABY vs. KBGGY - Volatility Comparison

Saab AB (publ) (SAABY) has a higher volatility of 14.28% compared to Kongsberg Gruppen ASA (KBGGY) at 10.80%. This indicates that SAABY's price experiences larger fluctuations and is considered to be riskier than KBGGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAABY	KBGGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	10.80%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	32.90%	37.18%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	47.81%	52.71%	-4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.13%	61.29%	-14.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.41%	61.29%	-3.88%

Dividends

SAABY vs. KBGGY - Dividend Comparison

SAABY's dividend yield for the trailing twelve months is around 0.46%, less than KBGGY's 26.30% yield.

Position	TTM	2025	2024	2023	2022	2021
KBGGY Kongsberg Gruppen ASA	26.30%	5.82%	1.18%	0.00%	0.00%	0.00%
SAABY Saab AB (publ)	0.46%	0.36%	0.73%	0.84%	1.24%	2.19%

Financials

Frequently Asked Questions

Can I hold both SAABY and KBGGY in my portfolio?

SAABY and KBGGY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAABY or KBGGY?

SAABY has higher volatility (14.28%) compared to KBGGY (10.80%). In terms of maximum drawdown, SAABY dropped -52.75% vs KBGGY's -68.35%.

Which has better risk-adjusted returns?

SAABY currently has the higher Sharpe Ratio (0.06 vs -0.15), 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.