SAP vs. DUOL
SAP (SAP SE) and DUOL (Duolingo, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, SAP returned 8.04%/yr vs -8.39%/yr for DUOL. At a 0.35 correlation, their price movements are largely independent.
Performance
SAP vs. DUOL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SAP having a -31.24% return and DUOL slightly higher at -30.13%.
SAP
- 1D
- 0.33%
- 1M
- 2.09%
- YTD
- -31.24%
- 6M
- -31.78%
- 1Y
- -44.64%
- 3Y*
- 8.04%
- 5Y*
- 4.34%
- 10Y*
- 9.59%
DUOL
- 1D
- -0.98%
- 1M
- 16.81%
- YTD
- -30.13%
- 6M
- -37.52%
- 1Y
- -74.53%
- 3Y*
- -8.39%
- 5Y*
- —
- 10Y*
- —
SAP vs. DUOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SAP SAP SE | -31.24% | -0.48% | 61.27% | 52.30% | -24.64% | -0.93% |
DUOL Duolingo, Inc. | -30.13% | -45.87% | 42.93% | 218.92% | -32.97% | -24.96% |
Correlation
The correlation between SAP and DUOL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.35 |
Fundamentals
SAP:
€6.13
DUOL:
$11.67
SAP:
23.16
DUOL:
10.51
SAP:
0.49
DUOL:
0.03
SAP:
4.46
DUOL:
4.04
SAP:
€37.34B
DUOL:
$1.10B
SAP:
€27.51B
DUOL:
$798.46M
SAP:
€12.97B
DUOL:
$167.30M
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Return for Risk
SAP vs. DUOL — Risk / Return Rank
SAP
DUOL
SAP vs. DUOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Duolingo, Inc. (DUOL). 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 | DUOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.72 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.92 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.58 | -1.26 | -0.32 |
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Drawdowns
SAP vs. DUOL - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than DUOL's maximum drawdown of -83.35%. Use the drawdown chart below to compare losses from any high point for SAP and DUOL.
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Drawdown Indicators
| SAP | DUOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -83.35% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -47.71% | -81.19% | +33.48% |
Max Drawdown (3Y)Largest decline over 3 years | -47.71% | -83.35% | +35.64% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | — | — |
Current DrawdownCurrent decline from peak | -46.45% | -77.32% | +30.87% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -35.76% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.29% | 59.48% | -31.19% |
Volatility
SAP vs. DUOL - Volatility Comparison
The current volatility for SAP SE (SAP) is 14.54%, while Duolingo, Inc. (DUOL) has a volatility of 15.67%. This indicates that SAP experiences smaller price fluctuations and is considered to be less risky than DUOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | DUOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 15.67% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 30.61% | 40.94% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.27% | 62.97% | -28.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 66.21% | -37.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 66.21% | -37.84% |
Dividends
SAP vs. DUOL - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.78%, while DUOL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAP SAP SE | 1.78% | 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. DUOL - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and Duolingo, Inc.. 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. DUOL - 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%.
DUOL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported a gross profit of 213.10M and revenue of 291.97M. Therefore, the gross margin over that period was 73.0%.
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%.
DUOL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported an operating income of 44.53M and revenue of 291.97M, resulting in an operating margin of 15.3%.
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%.
DUOL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported a net income of 43.46M and revenue of 291.97M, resulting in a net margin of 14.9%.
Frequently Asked Questions
SAP and DUOL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUOL has higher volatility (15.67%) compared to SAP (14.54%). In terms of maximum drawdown, SAP dropped -87.91% vs DUOL's -83.35%.
DUOL currently has the higher Sharpe Ratio (-1.19 vs -1.31), 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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