SAP.DE vs. BA.L
SAP.DE (SAP SE) and BA.L (BAE Systems plc) are both stocks. SAP.DE operates in Software - Application (Technology), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, SAP.DE returned 9.45%/yr vs 17.08%/yr for BA.L. At a 0.30 correlation, their price movements are largely independent.
Performance
SAP.DE vs. BA.L - Performance Comparison
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Different Trading Currencies
SAP.DE is traded in EUR, while BA.L is traded in GBp. To make them comparable, the BA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAP.DE achieves a -30.11% return, which is significantly lower than BA.L's 8.45% return. Over the past 10 years, SAP.DE has underperformed BA.L with an annualized return of 9.45%, while BA.L has yielded a comparatively higher 17.08% annualized return.
SAP.DE
- 1D
- 2.08%
- 1M
- -0.61%
- YTD
- -30.11%
- 6M
- -30.08%
- 1Y
- -42.84%
- 3Y*
- 5.55%
- 5Y*
- 5.53%
- 10Y*
- 9.45%
BA.L
- 1D
- -4.81%
- 1M
- -0.63%
- YTD
- 8.45%
- 6M
- 10.51%
- 1Y
- -5.78%
- 3Y*
- 25.55%
- 5Y*
- 30.57%
- 10Y*
- 17.08%
SAP.DE vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP.DE SAP SE | -30.11% | -11.03% | 71.56% | 47.17% | -20.70% | 18.44% | -9.59% | 40.27% | -5.61% | 14.35% |
BA.L BAE Systems plc | 8.45% | 44.19% | 10.99% | 36.13% | 52.62% | 25.22% | -14.21% | 36.60% | -17.77% | -3.65% |
Correlation
The correlation between SAP.DE and BA.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.30 |
The correlation between SAP.DE and BA.L shifts across timeframes, from 0.12 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAP.DE vs. BA.L — Risk / Return Rank
SAP.DE
BA.L
SAP.DE vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP.DE) and BAE Systems plc (BA.L). 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.
| SAP.DE | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.99 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.26 | -0.63 |
| Martin ratioReturn relative to average drawdown | -1.52 | -0.56 | -0.96 |
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Drawdowns
SAP.DE vs. BA.L - Drawdown Comparison
The maximum SAP.DE drawdown since its inception was -50.12%, smaller than the maximum BA.L drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for SAP.DE and BA.L.
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Drawdown Indicators
| SAP.DE | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.12% | -55.18% | +5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -47.87% | -21.87% | -26.00% |
Max Drawdown (3Y)Largest decline over 3 years | -50.12% | -21.87% | -28.25% |
Max Drawdown (5Y)Largest decline over 5 years | -50.12% | -21.87% | -28.25% |
Max Drawdown (10Y)Largest decline over 10 years | -50.12% | -42.10% | -8.02% |
Current DrawdownCurrent decline from peak | -47.58% | -21.09% | -26.49% |
Average DrawdownAverage peak-to-trough decline | -11.75% | -17.80% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.07% | 10.23% | +17.84% |
Volatility
SAP.DE vs. BA.L - Volatility Comparison
SAP SE (SAP.DE) has a higher volatility of 16.35% compared to BAE Systems plc (BA.L) at 9.96%. This indicates that SAP.DE's price experiences larger fluctuations and is considered to be riskier than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP.DE | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.35% | 9.96% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 24.44% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.27% | 30.53% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.48% | 26.61% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.61% | 26.34% | +0.27% |
Dividends
SAP.DE vs. BA.L - Dividend Comparison
SAP.DE's dividend yield for the trailing twelve months is around 1.75%, less than BA.L's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.99% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
SAP.DE SAP SE | 1.75% | 1.13% | 0.93% | 1.47% | 2.54% | 1.48% | 1.47% | 1.25% | 1.61% | 1.34% | 1.39% | 1.50% |
Financials
SAP.DE vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and BAE Systems plc. 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
SAP.DE and BA.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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