SAP vs. OLA.TO
SAP (SAP SE) and OLA.TO (Orla Mining Ltd.) are both stocks. SAP operates in Software - Application (Technology), while OLA.TO operates in Gold (Basic Materials). Over the past 5 years, SAP returned 4.34%/yr vs 18.27%/yr for OLA.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
SAP vs. OLA.TO - Performance Comparison
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Different Trading Currencies
SAP is traded in USD, while OLA.TO is traded in CAD. To make them comparable, the OLA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAP achieves a -31.24% return, which is significantly lower than OLA.TO's -20.79% 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%
OLA.TO
- 1D
- 2.89%
- 1M
- -26.70%
- YTD
- -20.79%
- 6M
- -18.29%
- 1Y
- -2.73%
- 3Y*
- 38.94%
- 5Y*
- 18.27%
- 10Y*
- —
SAP vs. OLA.TO - 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% | 23.58% |
OLA.TO Orla Mining Ltd. | -20.79% | 143.00% | 69.88% | -19.25% | 6.70% | -29.56% | 251.34% | 98.66% | -45.59% | 37.94% |
Correlation
The correlation between SAP and OLA.TO 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.12 |
Fundamentals
SAP:
$191.76B
OLA.TO:
CA$5.95B
SAP:
€6.13
OLA.TO:
CA$0.82
SAP:
23.16
OLA.TO:
18.13
SAP:
0.49
OLA.TO:
0.29
SAP:
4.46
OLA.TO:
3.56
SAP:
3.70
OLA.TO:
5.64
SAP:
€37.34B
OLA.TO:
CA$1.59B
SAP:
€27.51B
OLA.TO:
CA$848.41M
SAP:
€12.97B
OLA.TO:
CA$966.01M
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Return for Risk
SAP vs. OLA.TO — Risk / Return Rank
SAP
OLA.TO
SAP vs. OLA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Orla Mining Ltd. (OLA.TO). 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 | OLA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.06 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.05 | -0.89 |
| Martin ratioReturn relative to average drawdown | -1.58 | -0.13 | -1.45 |
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Drawdowns
SAP vs. OLA.TO - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than OLA.TO's maximum drawdown of -57.88%. Use the drawdown chart below to compare losses from any high point for SAP and OLA.TO.
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Drawdown Indicators
| SAP | OLA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -57.88% | -30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -47.71% | -54.91% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -47.71% | -54.91% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -54.91% | +7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | — | — |
Current DrawdownCurrent decline from peak | -46.45% | -50.87% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -23.16% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.29% | 21.68% | +6.61% |
Volatility
SAP vs. OLA.TO - Volatility Comparison
The current volatility for SAP SE (SAP) is 14.54%, while Orla Mining Ltd. (OLA.TO) has a volatility of 23.07%. This indicates that SAP experiences smaller price fluctuations and is considered to be less risky than OLA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | OLA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 23.07% | -8.53% |
Volatility (6M)Calculated over the trailing 6-month period | 30.61% | 51.52% | -20.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.27% | 73.18% | -38.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 58.92% | -30.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 57.20% | -28.83% |
Dividends
SAP vs. OLA.TO - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.78%, more than OLA.TO's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLA.TO Orla Mining Ltd. | 0.28% | 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. OLA.TO - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and Orla Mining Ltd.. 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. OLA.TO - 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%.
OLA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a gross profit of 296.32M and revenue of 519.71M. Therefore, the gross margin over that period was 57.0%.
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%.
OLA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported an operating income of 274.55M and revenue of 519.71M, resulting in an operating margin of 52.8%.
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%.
OLA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a net income of 103.43M and revenue of 519.71M, resulting in a net margin of 19.9%.
Frequently Asked Questions
SAP and OLA.TO 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.
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