SAFRY vs. DAX
SAFRY (Safran SA) is a stock, while DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index. Over the past 10 years, SAFRY returned 20.74%/yr vs 9.68%/yr for DAX. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SAFRY vs. DAX - Performance Comparison
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Returns By Period
In the year-to-date period, SAFRY achieves a 9.85% return, which is significantly higher than DAX's -1.81% return. Over the past 10 years, SAFRY has outperformed DAX with an annualized return of 20.74%, while DAX has yielded a comparatively lower 9.68% annualized return.
SAFRY
- 1D
- -0.16%
- 1M
- 16.66%
- YTD
- 9.85%
- 6M
- 7.81%
- 1Y
- 26.72%
- 3Y*
- 37.05%
- 5Y*
- 21.26%
- 10Y*
- 20.74%
DAX
- 1D
- -1.06%
- 1M
- -1.26%
- YTD
- -1.81%
- 6M
- -1.55%
- 1Y
- 3.85%
- 3Y*
- 17.16%
- 5Y*
- 8.06%
- 10Y*
- 9.68%
SAFRY vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAFRY Safran SA | 9.85% | 61.48% | 24.75% | 42.67% | 2.63% | -13.43% | -8.37% | 31.49% | 17.99% | 46.30% |
DAX Global X DAX Germany ETF | -1.81% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
Correlation
The correlation between SAFRY and DAX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.59 |
The correlation between SAFRY and DAX has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
SAFRY vs. DAX — Risk / Return Rank
SAFRY
DAX
SAFRY vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Safran SA (SAFRY) and Global X DAX Germany ETF (DAX). 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.
| SAFRY | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.26 | +0.83 |
| Martin ratioReturn relative to average drawdown | 2.77 | 0.80 | +1.97 |
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Drawdowns
SAFRY vs. DAX - Drawdown Comparison
The maximum SAFRY drawdown since its inception was -65.58%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for SAFRY and DAX.
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Drawdown Indicators
| SAFRY | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -45.58% | -20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -24.57% | -14.82% | -9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.57% | -16.03% | -8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -41.03% | -38.92% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | -45.58% | -20.00% |
Current DrawdownCurrent decline from peak | -6.70% | -5.73% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -10.48% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.67% | 4.82% | +4.85% |
Volatility
SAFRY vs. DAX - Volatility Comparison
Safran SA (SAFRY) has a higher volatility of 10.33% compared to Global X DAX Germany ETF (DAX) at 5.25%. This indicates that SAFRY's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAFRY | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.33% | 5.25% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.17% | 14.86% | +14.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.99% | 17.98% | +15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 20.43% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 20.98% | +14.23% |
Dividends
SAFRY vs. DAX - Dividend Comparison
SAFRY's dividend yield for the trailing twelve months is around 1.04%, less than DAX's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.50% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
SAFRY Safran SA | 1.04% | 0.93% | 1.09% | 0.83% | 0.42% | 0.43% | 0.00% | 1.32% | 1.60% | 1.60% | 4.16% | 1.98% |
Frequently Asked Questions
SAFRY and DAX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAFRY has higher volatility (10.33%) compared to DAX (5.25%). In terms of maximum drawdown, SAFRY dropped -65.58% vs DAX's -45.58%.
SAFRY currently has the higher Sharpe Ratio (0.81 vs 0.22), 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.
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