SAP.DE vs. SXRY.DE
SAP.DE (SAP SE) is a stock, while SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) is Europe Equities fund tracking the FTSE MIB. Over the past 10 years, SAP.DE returned 10.39%/yr vs 15.00%/yr for SXRY.DE. At a 0.48 correlation, their price movements are largely independent.
Performance
SAP.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SAP.DE achieves a -19.71% return, which is significantly lower than SXRY.DE's 14.40% return. Over the past 10 years, SAP.DE has underperformed SXRY.DE with an annualized return of 10.39%, while SXRY.DE has yielded a comparatively higher 15.00% annualized return.
SAP.DE
- 1D
- 5.49%
- 1M
- 11.68%
- YTD
- -19.71%
- 6M
- -20.39%
- 1Y
- -38.34%
- 3Y*
- 11.57%
- 5Y*
- 9.25%
- 10Y*
- 10.39%
SXRY.DE
- 1D
- 0.28%
- 1M
- 4.91%
- YTD
- 14.40%
- 6M
- 18.22%
- 1Y
- 30.76%
- 3Y*
- 28.94%
- 5Y*
- 19.74%
- 10Y*
- 15.00%
SAP.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP.DE SAP SE | -19.71% | -11.03% | 71.56% | 47.17% | -20.70% | 18.44% | -9.59% | 40.27% | -5.61% | 14.35% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 14.40% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between SAP.DE and SXRY.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.48 |
The correlation between SAP.DE and SXRY.DE shifts across timeframes, from 0.29 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SAP.DE vs. SXRY.DE — Risk / Return Rank
SAP.DE
SXRY.DE
SAP.DE vs. SXRY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP.DE) and iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE). 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.
| SAP.DE | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.33 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.16 | -3.94 |
| Martin ratioReturn relative to average drawdown | -1.34 | 11.35 | -12.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAP.DE | SXRY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 1.92 | -2.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 1.07 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.74 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.38 | -0.17 |
Drawdowns
SAP.DE vs. SXRY.DE - Drawdown Comparison
The maximum SAP.DE drawdown since its inception was -85.30%, which is greater than SXRY.DE's maximum drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for SAP.DE and SXRY.DE.
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Drawdown Indicators
| SAP.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -43.59% | -41.71% |
Max Drawdown (1Y)Largest decline over 1 year | -49.12% | -9.69% | -39.43% |
Max Drawdown (3Y)Largest decline over 3 years | -50.12% | -17.61% | -32.51% |
Max Drawdown (5Y)Largest decline over 5 years | -50.12% | -25.00% | -25.12% |
Max Drawdown (10Y)Largest decline over 10 years | -50.12% | -40.81% | -9.31% |
Current DrawdownCurrent decline from peak | -39.78% | -0.76% | -39.02% |
Average DrawdownAverage peak-to-trough decline | -28.88% | -11.63% | -17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.57% | 2.70% | +25.87% |
Volatility
SAP.DE vs. SXRY.DE - Volatility Comparison
SAP SE (SAP.DE) has a higher volatility of 15.55% compared to iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) at 4.82%. This indicates that SAP.DE's price experiences larger fluctuations and is considered to be riskier than SXRY.DE 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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 4.82% | +10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.27% | 12.56% | +19.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 15.91% | +20.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.33% | 18.28% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.55% | 20.18% | +6.37% |
Dividends
SAP.DE vs. SXRY.DE - Dividend Comparison
SAP.DE's dividend yield for the trailing twelve months is around 1.52%, while SXRY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAP.DE SAP SE | 1.52% | 1.13% | 0.93% | 1.47% | 2.54% | 1.48% | 1.47% | 1.25% | 1.61% | 1.34% | 1.39% | 1.50% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAP.DE and SXRY.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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