SAP vs. KTOS
SAP (SAP SE) and KTOS (Kratos Defense & Security Solutions, Inc.) are both stocks. SAP operates in Software - Application (Technology), while KTOS operates in Aerospace & Defense (Industrials). Over the past 10 years, SAP returned 9.59%/yr vs 30.83%/yr for KTOS. At a 0.26 correlation, their price movements are largely independent.
Performance
SAP vs. KTOS - 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 KTOS's -23.92% return. Over the past 10 years, SAP has underperformed KTOS with an annualized return of 9.59%, while KTOS has yielded a comparatively higher 30.83% 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%
KTOS
- 1D
- -1.75%
- 1M
- 10.02%
- YTD
- -23.92%
- 6M
- -23.97%
- 1Y
- 40.03%
- 3Y*
- 60.38%
- 5Y*
- 17.13%
- 10Y*
- 30.83%
SAP vs. KTOS - 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% |
KTOS Kratos Defense & Security Solutions, Inc. | -23.92% | 187.76% | 30.01% | 96.61% | -46.80% | -29.27% | 52.30% | 27.82% | 33.05% | 43.11% |
Correlation
The correlation between SAP and KTOS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1999 | 0.26 |
The correlation between SAP and KTOS shifts across timeframes, from 0.11 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SAP:
$191.76B
KTOS:
$10.36B
SAP:
€6.13
KTOS:
$0.17
SAP:
23.16
KTOS:
335.35
SAP:
0.49
KTOS:
3.89
SAP:
4.46
KTOS:
6.97
SAP:
3.70
KTOS:
3.04
SAP:
€37.34B
KTOS:
$1.42B
SAP:
€27.51B
KTOS:
$259.40M
SAP:
€12.97B
KTOS:
$78.30M
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Return for Risk
SAP vs. KTOS — Risk / Return Rank
SAP
KTOS
SAP vs. KTOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Kratos Defense & Security Solutions, Inc. (KTOS). 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 | KTOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.15 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 0.67 | -1.61 |
| Martin ratioReturn relative to average drawdown | -1.58 | 1.34 | -2.92 |
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Drawdowns
SAP vs. KTOS - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for SAP and KTOS.
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Drawdown Indicators
| SAP | KTOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -99.81% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -47.71% | -60.15% | +12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -47.71% | -60.15% | +12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -69.39% | +21.68% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -72.74% | +21.43% |
Current DrawdownCurrent decline from peak | -46.45% | -96.34% | +49.89% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -95.93% | +67.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.29% | 29.90% | -1.61% |
Volatility
SAP vs. KTOS - Volatility Comparison
The current volatility for SAP SE (SAP) is 14.54%, while Kratos Defense & Security Solutions, Inc. (KTOS) has a volatility of 23.44%. This indicates that SAP experiences smaller price fluctuations and is considered to be less risky than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | KTOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 23.44% | -8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 30.61% | 57.02% | -26.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.27% | 72.17% | -37.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 52.33% | -23.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 50.82% | -22.45% |
Dividends
SAP vs. KTOS - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.78%, while KTOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KTOS Kratos Defense & Security Solutions, 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. KTOS - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and Kratos Defense & Security Solutions, 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. KTOS - 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%.
KTOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported a gross profit of 34.70M and revenue of 371.00M. Therefore, the gross margin over that period was 9.4%.
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%.
KTOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported an operating income of 4.70M and revenue of 371.00M, resulting in an operating margin of 1.3%.
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%.
KTOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kratos Defense & Security Solutions, Inc. reported a net income of 11.90M and revenue of 371.00M, resulting in a net margin of 3.2%.
Frequently Asked Questions
SAP and KTOS have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTOS has higher volatility (23.44%) compared to SAP (14.54%). In terms of maximum drawdown, SAP dropped -87.91% vs KTOS's -99.81%.
KTOS currently has the higher Sharpe Ratio (0.56 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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