SAABY vs. ORNBV.HE
SAABY (Saab AB (publ)) and ORNBV.HE (Orion Oyj) are both stocks. SAABY operates in Aerospace & Defense (Industrials), while ORNBV.HE operates in Drug Manufacturers - General (Healthcare). Over the past 5 years, SAABY returned 50.73%/yr vs 15.00%/yr for ORNBV.HE. At a 0.08 correlation, their price movements are largely independent.
Performance
SAABY vs. ORNBV.HE - Performance Comparison
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Different Trading Currencies
SAABY is traded in USD, while ORNBV.HE is traded in EUR. To make them comparable, the ORNBV.HE 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 ORNBV.HE's 7.17% return.
SAABY
- 1D
- -3.70%
- 1M
- 4.75%
- YTD
- -4.59%
- 6M
- 0.99%
- 1Y
- 14.85%
- 3Y*
- 60.00%
- 5Y*
- 50.73%
- 10Y*
- —
ORNBV.HE
- 1D
- -0.76%
- 1M
- 0.21%
- YTD
- 7.17%
- 6M
- 13.67%
- 1Y
- 10.93%
- 3Y*
- 25.67%
- 5Y*
- 15.00%
- 10Y*
- 11.72%
SAABY vs. ORNBV.HE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SAABY Saab AB (publ) | -4.59% | 177.56% | 39.85% | 47.07% | 67.28% | -48.79% | 82.51% |
ORNBV.HE Orion Oyj | 7.17% | 72.56% | 6.93% | -17.88% | 37.40% | -6.35% | -0.47% |
Correlation
The correlation between SAABY and ORNBV.HE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020 | 0.08 |
The correlation between SAABY and ORNBV.HE shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SAABY vs. ORNBV.HE — Risk / Return Rank
SAABY
ORNBV.HE
SAABY vs. ORNBV.HE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and Orion Oyj (ORNBV.HE). 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 | ORNBV.HE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.47 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.14 | 1.11 | +0.04 |
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Drawdowns
SAABY vs. ORNBV.HE - Drawdown Comparison
The maximum SAABY drawdown since its inception was -52.75%, smaller than the maximum ORNBV.HE drawdown of -57.54%. Use the drawdown chart below to compare losses from any high point for SAABY and ORNBV.HE.
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Drawdown Indicators
| SAABY | ORNBV.HE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -57.54% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -37.04% | -20.16% | -16.88% |
Max Drawdown (3Y)Largest decline over 3 years | -37.04% | -27.96% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.04% | -37.83% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.54% | — |
Current DrawdownCurrent decline from peak | -31.92% | -10.75% | -21.17% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -18.85% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.01% | 8.57% | +6.44% |
Volatility
SAABY vs. ORNBV.HE - Volatility Comparison
Saab AB (publ) (SAABY) has a higher volatility of 15.37% compared to Orion Oyj (ORNBV.HE) at 7.92%. This indicates that SAABY's price experiences larger fluctuations and is considered to be riskier than ORNBV.HE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAABY | ORNBV.HE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 7.92% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 33.13% | 24.33% | +8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.86% | 31.55% | +16.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.05% | 29.84% | +17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.50% | 29.79% | +27.71% |
Dividends
SAABY vs. ORNBV.HE - Dividend Comparison
SAABY's dividend yield for the trailing twelve months is around 0.43%, less than ORNBV.HE's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORNBV.HE Orion Oyj | 2.52% | 2.58% | 3.79% | 4.07% | 2.93% | 4.11% | 4.00% | 3.63% | 4.79% | 0.64% | 3.07% | 4.07% |
SAABY Saab AB (publ) | 0.43% | 0.36% | 0.73% | 0.84% | 1.24% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SAABY vs. ORNBV.HE - Financials Comparison
This section allows you to compare key financial metrics between Saab AB (publ) and Orion Oyj. 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
SAABY and ORNBV.HE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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