SAP vs. CRS
SAP (SAP SE) and CRS (Carpenter Technology Corporation) are both stocks. SAP operates in Software - Application (Technology), while CRS operates in Metal Fabrication (Industrials). Over the past 10 years, SAP returned 9.16%/yr vs 36.16%/yr for CRS. At a 0.35 correlation, their price movements are largely independent.
Performance
SAP vs. CRS - Performance Comparison
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Returns By Period
In the year-to-date period, SAP achieves a -35.76% return, which is significantly lower than CRS's 83.81% return. Over the past 10 years, SAP has underperformed CRS with an annualized return of 9.16%, while CRS has yielded a comparatively higher 36.16% annualized return.
SAP
- 1D
- 2.59%
- 1M
- -12.83%
- YTD
- -35.76%
- 6M
- -36.30%
- 1Y
- -46.34%
- 3Y*
- 6.09%
- 5Y*
- 3.26%
- 10Y*
- 9.16%
CRS
- 1D
- -1.64%
- 1M
- 33.17%
- YTD
- 83.81%
- 6M
- 73.58%
- 1Y
- 121.79%
- 3Y*
- 125.51%
- 5Y*
- 71.41%
- 10Y*
- 36.16%
SAP vs. CRS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -35.76% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
CRS Carpenter Technology Corporation | 83.81% | 86.23% | 141.72% | 94.48% | 29.50% | 2.66% | -39.44% | 42.12% | -29.16% | 43.40% |
Correlation
The correlation between SAP and CRS is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.35 |
Over the past year, the correlation between SAP and CRS has dropped to 0.01 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
SAP:
$179.15B
CRS:
$29.08B
SAP:
€6.13
CRS:
$9.51
SAP:
21.90
CRS:
60.82
SAP:
0.47
CRS:
0.05
SAP:
4.22
CRS:
9.62
SAP:
3.49
CRS:
14.06
SAP:
€37.34B
CRS:
$3.03B
SAP:
€27.51B
CRS:
$900.50M
SAP:
€12.97B
CRS:
$745.50M
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Return for Risk
SAP vs. CRS — Risk / Return Rank
SAP
CRS
SAP vs. CRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Carpenter Technology Corporation (CRS). 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 | CRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -5.30 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.42 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 6.42 | -7.33 |
| Martin ratioReturn relative to average drawdown | -1.58 | 15.12 | -16.70 |
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Drawdowns
SAP vs. CRS - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, roughly equal to the maximum CRS drawdown of -84.68%. Use the drawdown chart below to compare losses from any high point for SAP and CRS.
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Drawdown Indicators
| SAP | CRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -84.68% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -51.24% | -19.08% | -32.16% |
Max Drawdown (3Y)Largest decline over 3 years | -51.24% | -28.74% | -22.50% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -41.86% | -9.38% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -74.70% | +23.39% |
Current DrawdownCurrent decline from peak | -49.97% | -1.64% | -48.33% |
Average DrawdownAverage peak-to-trough decline | -28.26% | -27.22% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.26% | 8.09% | +21.17% |
Volatility
SAP vs. CRS - Volatility Comparison
SAP SE (SAP) has a higher volatility of 14.56% compared to Carpenter Technology Corporation (CRS) at 10.56%. This indicates that SAP's price experiences larger fluctuations and is considered to be riskier than CRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | CRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 10.56% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 33.59% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.69% | 48.36% | -13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.90% | 46.62% | -17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 48.80% | -20.51% |
Dividends
SAP vs. CRS - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.91%, more than CRS's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRS Carpenter Technology Corporation | 0.14% | 0.25% | 0.47% | 1.13% | 2.17% | 2.74% | 2.75% | 1.61% | 2.13% | 1.41% | 1.99% | 2.38% |
SAP SAP SE | 1.91% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
SAP vs. CRS - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and Carpenter Technology Corporation. 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
SAP vs. CRS - Profitability Comparison
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SAP SE reported a gross profit of 6.97B and revenue of 9.56B. Therefore, the gross margin over that period was 73.0%.
CRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported a gross profit of 251.80M and revenue of 811.50M. Therefore, the gross margin over that period was 31.0%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SAP SE reported an operating income of 2.75B and revenue of 9.56B, resulting in an operating margin of 28.8%.
CRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported an operating income of 186.50M and revenue of 811.50M, resulting in an operating margin of 23.0%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SAP SE reported a net income of 1.93B and revenue of 9.56B, resulting in a net margin of 20.2%.
CRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carpenter Technology Corporation reported a net income of 139.60M and revenue of 811.50M, resulting in a net margin of 17.2%.
Frequently Asked Questions
SAP and CRS have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (14.56%) compared to CRS (10.56%). In terms of maximum drawdown, SAP dropped -87.91% vs CRS's -84.68%.
CRS currently has the higher Sharpe Ratio (2.54 vs -1.34), 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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