SAABY vs. RNMBY

Last updated Jun 3, 2026

SAABY (Saab AB (publ)) and RNMBY (Rheinmetall AG ADR) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, SAABY returned 51.38%/yr vs 69.65%/yr for RNMBY. At a 0.39 correlation, their price movements are largely independent.

Performance

SAABY vs. RNMBY - Performance Comparison

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

Returns By Period

In the year-to-date period, SAABY achieves a -2.51% return, which is significantly higher than RNMBY's -23.22% return.

SAABY

• 1D: -2.42%
• 1M: -7.32%
• YTD: -2.51%
• 6M: 13.70%
• 1Y: 10.18%
• 3Y*: 57.58%
• 5Y*: 51.38%
• 10Y*: —

RNMBY

• 1D: -1.42%
• 1M: -12.23%
• YTD: -23.22%
• 6M: -19.34%
• 1Y: -33.66%
• 3Y*: 76.90%
• 5Y*: 69.65%
• 10Y*: 37.36%

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

SAABY vs. RNMBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SAABY Saab AB (publ)	-2.51%	177.56%	39.85%	47.07%	67.28%	-48.79%	82.51%
RNMBY Rheinmetall AG ADR	-23.22%	190.28%	99.83%	63.35%	122.00%	-13.84%	70.53%

Correlation

The correlation between SAABY and RNMBY is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.39

Over the past year, SAABY and RNMBY have become more correlated (0.77) than their long-term average of 0.39, meaning their price movements have been converging.

Fundamentals

Market Cap SAABY : $30.52B RNMBY : $64.80B
EPS SAABY : $5.98 RNMBY : $3.56
PE Ratio SAABY : 4.72 RNMBY : 77.91
PEG Ratio SAABY : 0.14 RNMBY : 3.56
PS Ratio SAABY : 0.37 RNMBY : 5.86
PB Ratio SAABY : 0.68 RNMBY : 12.13
Total Revenue (TTM) SAABY : $82.29B RNMBY : $9.58B
Gross Profit (TTM) SAABY : $17.87B RNMBY : $4.12B
EBITDA (TTM) SAABY : $9.44B RNMBY : $1.81B

Return for Risk

SAABY vs. RNMBY — Risk / Return Rank

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

SAABY

SAABY Risk / Return Rank: 47
SAABY Sharpe Ratio Rank: 48
SAABY Sortino Ratio Rank: 45
SAABY Omega Ratio Rank: 43
SAABY Calmar Ratio Rank: 48
SAABY Martin Ratio Rank: 49

RNMBY

RNMBY Risk / Return Rank: 10
RNMBY Sharpe Ratio Rank: 10
RNMBY Sortino Ratio Rank: 12
RNMBY Omega Ratio Rank: 13
RNMBY Calmar Ratio Rank: 11
RNMBY Martin Ratio Rank: 2

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. RNMBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and Rheinmetall AG ADR (RNMBY). 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.

	SAABY	RNMBY	Difference
Sharpe ratio Return per unit of total volatility	0.21	-0.72	+0.93
Sortino ratio Return per unit of downside risk	0.66	-0.88	+1.54
Omega ratio Gain probability vs. loss probability	1.08	0.90	+0.18
Calmar ratio Return relative to maximum drawdown	0.32	-0.77	+1.10
Martin ratio Return relative to average drawdown	0.85	-1.79	+2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAABY vs. RNMBY - Sharpe Ratio Comparison

The current SAABY Sharpe Ratio is 0.21, which is higher than the RNMBY Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of SAABY and RNMBY, 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

	SAABY	RNMBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	-0.72	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	1.57	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.80	-0.02

Drawdowns

SAABY vs. RNMBY - Drawdown Comparison

The maximum SAABY drawdown since its inception was -52.75%, smaller than the maximum RNMBY drawdown of -67.75%. Use the drawdown chart below to compare losses from any high point for SAABY and RNMBY.

Drawdown Indicators

	SAABY	RNMBY	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	-67.75%	+15.00%
Max Drawdown (1Y) Largest decline over 1 year	-37.04%	-44.06%	+7.02%
Max Drawdown (3Y) Largest decline over 3 years	-37.04%	-44.06%	+7.02%
Max Drawdown (5Y) Largest decline over 5 years	-37.04%	-44.06%	+7.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.75%	—
Current Drawdown Current decline from peak	-30.44%	-40.04%	+9.60%
Average Drawdown Average peak-to-trough decline	-16.89%	-16.68%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.05%	19.13%	-5.08%

Volatility

SAABY vs. RNMBY - Volatility Comparison

The current volatility for Saab AB (publ) (SAABY) is 16.11%, while Rheinmetall AG ADR (RNMBY) has a volatility of 17.64%. This indicates that SAABY experiences smaller price fluctuations and is considered to be less risky than RNMBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAABY	RNMBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.11%	17.64%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	32.77%	34.44%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	49.46%	46.67%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.96%	44.76%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.59%	41.55%	+16.04%

Dividends

SAABY vs. RNMBY - Dividend Comparison

SAABY's dividend yield for the trailing twelve months is around 0.42%, less than RNMBY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RNMBY Rheinmetall AG ADR	0.98%	0.49%	0.96%	1.46%	1.82%	1.72%	1.56%	1.36%	1.47%	2.06%	2.97%	0.53%
SAABY Saab AB (publ)	0.42%	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. RNMBY - Profitability Comparison

The chart below illustrates the profitability comparison between Saab AB (publ) and Rheinmetall AG ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SAABY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

RNMBY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rheinmetall AG ADR reported a gross profit of 430.97M and revenue of 1.97B. Therefore, the gross margin over that period was 21.9%.

SAABY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported an operating income of 1.91B and revenue of 19.16B, resulting in an operating margin of 10.0%.

RNMBY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rheinmetall AG ADR reported an operating income of 178.89M and revenue of 1.97B, resulting in an operating margin of 9.1%.

SAABY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Saab AB (publ) reported a net income of 1.44B and revenue of 19.16B, resulting in a net margin of 7.5%.

RNMBY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rheinmetall AG ADR reported a net income of 112.83M and revenue of 1.97B, resulting in a net margin of 5.7%.

Frequently Asked Questions

Can I hold both SAABY and RNMBY in my portfolio?

SAABY and RNMBY have a correlation of 0.77, 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 RNMBY?

RNMBY has higher volatility (17.64%) compared to SAABY (16.11%). In terms of maximum drawdown, SAABY dropped -52.75% vs RNMBY's -67.75%.

Which has better risk-adjusted returns?

SAABY currently has the higher Sharpe Ratio (0.21 vs -0.72), 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.