SAP vs. MSFT
SAP (SAP SE) and MSFT (Microsoft Corporation) are both stocks. Both are in the Technology sector — SAP in Software - Application, MSFT in Software - Infrastructure. Over the past 10 years, SAP returned 10.24%/yr vs 25.26%/yr for MSFT. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
SAP vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, SAP achieves a -17.35% return, which is significantly lower than MSFT's 1.24% return. Over the past 10 years, SAP has underperformed MSFT with an annualized return of 10.24%, while MSFT has yielded a comparatively higher 25.26% annualized return.
SAP
- 1D
- 0.94%
- 1M
- 22.95%
- 6M
- 0.54%
- YTD
- -17.35%
- 1Y
- -29.60%
- 3Y*
- 15.54%
- 5Y*
- 7.82%
- 10Y*
- 10.24%
- ALL TIME*
- 5.90%
MSFT
- 1D
- -1.09%
- 1M
- 26.04%
- 6M
- 18.21%
- YTD
- 1.24%
- 1Y
- -6.90%
- 3Y*
- 15.04%
- 5Y*
- 11.90%
- 10Y*
- 25.26%
- ALL TIME*
- 25.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.56B | $16.11B | $16.89B | |
SAP SAP SE | $720.44M | $576.14M | $538.86M |
SAP vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -17.35% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
MSFT Microsoft Corporation | 1.24% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between SAP and MSFT is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.47 |
The correlation between SAP and MSFT has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
Fundamentals
SAP:
$229.94B
MSFT:
$3.62T
SAP:
€6.67
MSFT:
$17.94
SAP:
25.65
MSFT:
27.17
SAP:
0.55
MSFT:
1.57
SAP:
5.23
MSFT:
10.95
SAP:
4.43
MSFT:
8.21
SAP:
€38.19B
MSFT:
$331.84B
SAP:
€27.79B
MSFT:
$225.47B
SAP:
€12.89B
MSFT:
$207.52B
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Return for Risk
SAP vs. MSFT — Risk / Return Rank
SAP
MSFT
SAP vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.99 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.20 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.98 | -0.36 | -0.62 |
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Drawdowns
SAP vs. MSFT - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for SAP and MSFT.
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Drawdown Indicators
| SAP | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -69.38% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -49.60% | -34.50% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -52.26% | -34.50% | -17.76% |
Max Drawdown (5Y)Largest decline over 5 years | -52.26% | -37.15% | -15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.26% | -37.15% | -15.11% |
Current DrawdownCurrent decline from peak | -35.64% | -9.50% | -26.14% |
Average DrawdownAverage peak-to-trough decline | -28.33% | -21.80% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.22% | 19.33% | +10.89% |
Volatility
SAP vs. MSFT - Volatility Comparison
SAP SE (SAP) and Microsoft Corporation (MSFT) have volatilities of 15.72% and 16.44%, 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 | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.72% | 16.44% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 30.21% | 26.64% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.18% | 31.98% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.76% | 28.10% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.72% | 27.66% | +1.06% |
Dividends
SAP vs. MSFT - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.48%, more than MSFT's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.73% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
SAP SAP SE | 1.48% | 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. MSFT - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and Microsoft 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. MSFT - Profitability Comparison
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, SAP SE reported a gross profit of 7.23B and revenue of 9.88B. Therefore, the gross margin over that period was 73.2%.
MSFT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Microsoft Corporation reported a gross profit of 60.48B and revenue of 90.01B. Therefore, the gross margin over that period was 67.2%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, SAP SE reported an operating income of 2.65B and revenue of 9.88B, resulting in an operating margin of 26.8%.
MSFT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Microsoft Corporation reported an operating income of 40.60B and revenue of 90.01B, resulting in an operating margin of 45.1%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, SAP SE reported a net income of 2.18B and revenue of 9.88B, resulting in a net margin of 22.1%.
MSFT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Microsoft Corporation reported a net income of 35.77B and revenue of 90.01B, resulting in a net margin of 39.7%.
Frequently Asked Questions
SAP and MSFT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (16.44%) compared to SAP (15.72%). In terms of maximum drawdown, SAP dropped -87.91% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.22 vs -0.78), 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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