SAP vs. HEI
SAP (SAP SE) and HEI (HEICO Corporation) are both stocks. SAP operates in Software - Application (Technology), while HEI operates in Aerospace & Defense (Industrials). Over the past 10 years, SAP returned 9.59%/yr vs 25.98%/yr for HEI. At a 0.31 correlation, their price movements are largely independent.
Performance
SAP vs. HEI - Performance Comparison
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Returns By Period
In the year-to-date period, SAP achieves a -31.24% return, which is significantly lower than HEI's 2.52% return. Over the past 10 years, SAP has underperformed HEI with an annualized return of 9.59%, while HEI has yielded a comparatively higher 25.98% annualized return.
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%
HEI
- 1D
- -2.24%
- 1M
- 13.64%
- YTD
- 2.52%
- 6M
- 6.84%
- 1Y
- 9.12%
- 3Y*
- 26.36%
- 5Y*
- 18.39%
- 10Y*
- 25.98%
SAP vs. HEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -31.24% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
HEI HEICO Corporation | 2.52% | 36.22% | 33.05% | 16.56% | 6.67% | 9.06% | 16.16% | 47.54% | 28.51% | 53.04% |
Correlation
The correlation between SAP and HEI is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.31 |
Over the past year, the correlation between SAP and HEI has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
SAP:
$191.76B
HEI:
$46.77B
SAP:
€6.13
HEI:
$5.60
SAP:
23.16
HEI:
59.22
SAP:
0.49
HEI:
2.67
SAP:
4.46
HEI:
9.52
SAP:
3.70
HEI:
8.68
SAP:
€37.34B
HEI:
$4.91B
SAP:
€27.51B
HEI:
$943.00M
SAP:
€12.97B
HEI:
$1.12B
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Return for Risk
SAP vs. HEI — Risk / Return Rank
SAP
HEI
SAP vs. HEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and HEICO Corporation (HEI). 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 | HEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.08 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 0.34 | -1.28 |
| Martin ratioReturn relative to average drawdown | -1.58 | 0.82 | -2.40 |
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Drawdowns
SAP vs. HEI - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than HEI's maximum drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for SAP and HEI.
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Drawdown Indicators
| SAP | HEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -75.50% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -47.71% | -27.11% | -20.60% |
Max Drawdown (3Y)Largest decline over 3 years | -47.71% | -27.11% | -20.60% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -27.11% | -20.60% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -57.73% | +6.42% |
Current DrawdownCurrent decline from peak | -46.45% | -7.38% | -39.07% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -19.95% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.29% | 11.18% | +17.11% |
Volatility
SAP vs. HEI - Volatility Comparison
SAP SE (SAP) and HEICO Corporation (HEI) have volatilities of 14.54% and 14.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | HEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 14.84% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 30.61% | 27.73% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.27% | 33.32% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 27.71% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 30.65% | -2.28% |
Dividends
SAP vs. HEI - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.78%, more than HEI's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 0.07% | 0.07% | 0.09% | 0.11% | 0.12% | 0.12% | 0.12% | 0.12% | 0.14% | 0.08% | 0.22% | 0.28% |
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. HEI - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and HEICO 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. HEI - 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%.
HEI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.
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%.
HEI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.
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%.
HEI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.
Frequently Asked Questions
SAP and HEI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEI has higher volatility (14.84%) compared to SAP (14.54%). In terms of maximum drawdown, SAP dropped -87.91% vs HEI's -75.50%.
HEI currently has the higher Sharpe Ratio (0.27 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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