SAF.PA vs. SAAB-B.ST

Last updated Jun 5, 2026

SAF.PA (Safran SA) and SAAB-B.ST (Saab AB (publ)) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, SAF.PA returned 18.41%/yr vs 24.13%/yr for SAAB-B.ST. At a 0.42 correlation, their price movements are largely independent.

Performance

SAF.PA vs. SAAB-B.ST - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Safran SA (SAF.PA) and Saab AB (publ) (SAAB-B.ST). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SAF.PA is traded in EUR, while SAAB-B.ST is traded in SEK. To make them comparable, the SAAB-B.ST values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SAF.PA achieves a 2.11% return, which is significantly higher than SAAB-B.ST's -2.90% return. Over the past 10 years, SAF.PA has underperformed SAAB-B.ST with an annualized return of 18.41%, while SAAB-B.ST has yielded a comparatively higher 24.13% annualized return.

SAF.PA

• 1D: 2.21%
• 1M: 6.07%
• YTD: 2.11%
• 6M: 3.68%
• 1Y: 14.29%
• 3Y*: 31.24%
• 5Y*: 20.77%
• 10Y*: 18.41%

SAAB-B.ST

• 1D: 1.76%
• 1M: -2.56%
• YTD: -2.90%
• 6M: 6.16%
• 1Y: 3.74%
• 3Y*: 57.04%
• 5Y*: 52.24%
• 10Y*: 24.13%

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

SAF.PA vs. SAAB-B.ST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAF.PA Safran SA	2.11%	41.80%	34.36%	37.72%	9.15%	-6.83%	-15.76%	32.58%	24.67%	26.88%
SAAB-B.ST Saab AB (publ)	-2.90%	145.70%	50.32%	49.55%	65.85%	-3.47%	-11.82%	1.51%	-18.83%	15.84%

Correlation

The correlation between SAF.PA and SAAB-B.ST is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	0.42

Return for Risk

SAF.PA vs. SAAB-B.ST — Risk / Return Rank

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

SAF.PA

SAF.PA Risk / Return Rank: 55
SAF.PA Sharpe Ratio Rank: 57
SAF.PA Sortino Ratio Rank: 52
SAF.PA Omega Ratio Rank: 51
SAF.PA Calmar Ratio Rank: 55
SAF.PA Martin Ratio Rank: 58

SAAB-B.ST

SAAB-B.ST Risk / Return Rank: 46
SAAB-B.ST Sharpe Ratio Rank: 48
SAAB-B.ST Sortino Ratio Rank: 45
SAAB-B.ST Omega Ratio Rank: 44
SAAB-B.ST Calmar Ratio Rank: 47
SAAB-B.ST Martin Ratio Rank: 48

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.

SAF.PA vs. SAAB-B.ST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Safran SA (SAF.PA) and Saab AB (publ) (SAAB-B.ST). 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.

	SAF.PA	SAAB-B.ST	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.19	+0.27
Sortino ratio: Return per unit of downside risk	0.91	0.62	+0.29
Omega ratio: Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.60	0.25	+0.35
Martin ratio: Return relative to average drawdown	1.65	0.67	+0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAF.PA vs. SAAB-B.ST - Sharpe Ratio Comparison

The current SAF.PA Sharpe Ratio is 0.45, which is higher than the SAAB-B.ST Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of SAF.PA and SAAB-B.ST, 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

	SAF.PA	SAAB-B.ST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.19	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	1.29	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.65	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.44	-0.06

Drawdowns

SAF.PA vs. SAAB-B.ST - Drawdown Comparison

The maximum SAF.PA drawdown since its inception was -92.64%, which is greater than SAAB-B.ST's maximum drawdown of -76.65%. Use the drawdown chart below to compare losses from any high point for SAF.PA and SAAB-B.ST.

Drawdown Indicators

	SAF.PA	SAAB-B.ST	Difference
Max Drawdown Largest peak-to-trough decline	-92.64%	-76.65%	-15.99%
Max Drawdown (1Y) Largest decline over 1 year	-23.62%	-35.44%	+11.82%
Max Drawdown (3Y) Largest decline over 3 years	-23.62%	-35.44%	+11.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.84%	-35.44%	+5.60%
Max Drawdown (10Y) Largest decline over 10 years	-64.63%	-65.23%	+0.60%
Current Drawdown Current decline from peak	-12.54%	-29.13%	+16.59%
Average Drawdown Average peak-to-trough decline	-36.06%	-20.33%	-15.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	13.27%	-4.61%

Volatility

SAF.PA vs. SAAB-B.ST - Volatility Comparison

The current volatility for Safran SA (SAF.PA) is 10.04%, while Saab AB (publ) (SAAB-B.ST) has a volatility of 15.29%. This indicates that SAF.PA experiences smaller price fluctuations and is considered to be less risky than SAAB-B.ST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAF.PA	SAAB-B.ST	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.04%	15.29%	-5.25%
Volatility (6M) Calculated over the trailing 6-month period	27.58%	31.28%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	31.29%	48.05%	-16.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.32%	40.57%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	37.05%	-3.92%

Dividends

SAF.PA vs. SAAB-B.ST - Dividend Comparison

SAF.PA's dividend yield for the trailing twelve months is around 1.12%, more than SAAB-B.ST's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAAB-B.ST Saab AB (publ)	0.42%	0.37%	0.68%	0.87%	1.19%	2.04%	7.85%	1.43%	1.65%	1.32%	1.47%	1.82%
SAF.PA Safran SA	1.12%	0.98%	1.04%	0.85%	0.43%	0.40%	0.00%	1.32%	1.53%	0.97%	2.15%	1.96%

Financials

Frequently Asked Questions

Can I hold both SAF.PA and SAAB-B.ST in my portfolio?

SAF.PA and SAAB-B.ST have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.