SAPGF vs. BLK
SAPGF (SAP SE) and BLK (BlackRock, Inc.) are both stocks. SAPGF operates in Software - Application (Technology), while BLK operates in Asset Management (Financial Services). Over the past 10 years, SAPGF returned 11.27%/yr vs 15.01%/yr for BLK. At a 0.24 correlation, their price movements are largely independent.
Performance
SAPGF vs. BLK - Performance Comparison
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Returns By Period
In the year-to-date period, SAPGF achieves a -39.04% return, which is significantly lower than BLK's -0.63% return. Over the past 10 years, SAPGF has underperformed BLK with an annualized return of 11.27%, while BLK has yielded a comparatively higher 15.01% annualized return.
SAPGF
- 1D
- -5.08%
- 1M
- -15.88%
- YTD
- -39.04%
- 6M
- -39.09%
- 1Y
- -47.99%
- 3Y*
- 5.19%
- 5Y*
- 4.01%
- 10Y*
- 11.27%
BLK
- 1D
- 0.16%
- 1M
- -1.43%
- YTD
- -0.63%
- 6M
- -2.27%
- 1Y
- 10.19%
- 3Y*
- 18.31%
- 5Y*
- 6.51%
- 10Y*
- 15.01%
SAPGF vs. BLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAPGF SAP SE | -39.04% | 3.55% | 61.61% | 53.20% | -22.21% | 23.04% | 1.55% | 38.81% | -11.13% | 28.84% |
BLK BlackRock, Inc. | -0.63% | 6.55% | 29.29% | 17.86% | -20.40% | 29.39% | 47.21% | 31.87% | -21.59% | 38.20% |
Correlation
The correlation between SAPGF and BLK is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007 | 0.24 |
The correlation between SAPGF and BLK shifts across timeframes, from 0.15 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SAPGF:
$173.51B
BLK:
$173.54B
SAPGF:
€6.38
BLK:
$38.89
SAPGF:
20.39
BLK:
27.04
SAPGF:
4.08
BLK:
6.58
SAPGF:
3.38
BLK:
3.06
SAPGF:
€37.34B
BLK:
$25.71B
SAPGF:
€27.33B
BLK:
$15.21B
SAPGF:
€13.41B
BLK:
$9.79B
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Return for Risk
SAPGF vs. BLK — Risk / Return Rank
SAPGF
BLK
SAPGF vs. BLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAPGF) and BlackRock, Inc. (BLK). 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.
| SAPGF | BLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.09 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.46 | -1.38 |
| Martin ratioReturn relative to average drawdown | -1.64 | 1.00 | -2.64 |
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Drawdowns
SAPGF vs. BLK - Drawdown Comparison
The maximum SAPGF drawdown since its inception was -52.36%, smaller than the maximum BLK drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for SAPGF and BLK.
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Drawdown Indicators
| SAPGF | BLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -60.36% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -52.36% | -22.45% | -29.91% |
Max Drawdown (3Y)Largest decline over 3 years | -52.36% | -23.74% | -28.62% |
Max Drawdown (5Y)Largest decline over 5 years | -52.36% | -43.90% | -8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -52.36% | -43.90% | -8.46% |
Current DrawdownCurrent decline from peak | -52.36% | -11.13% | -41.23% |
Average DrawdownAverage peak-to-trough decline | -12.72% | -11.93% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.38% | 10.17% | +19.21% |
Volatility
SAPGF vs. BLK - Volatility Comparison
SAP SE (SAPGF) has a higher volatility of 14.28% compared to BlackRock, Inc. (BLK) at 6.84%. This indicates that SAPGF's price experiences larger fluctuations and is considered to be riskier than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAPGF | BLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.28% | 6.84% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 33.02% | 20.50% | +12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.75% | 25.85% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.92% | 26.72% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.23% | 27.75% | +3.48% |
Dividends
SAPGF vs. BLK - Dividend Comparison
SAPGF has not paid dividends to shareholders, while BLK's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.08% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
SAPGF SAP SE | 0.00% | 3.24% | 1.98% | 2.92% | 4.46% | 12.57% | 2.67% | 2.55% | 1.69% | 1.22% | 0.00% | 0.00% |
Financials
SAPGF vs. BLK - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and BlackRock, 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
SAPGF vs. BLK - Profitability Comparison
SAPGF - 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%.
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
SAPGF - 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%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
SAPGF - 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%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
Frequently Asked Questions
SAPGF and BLK have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAPGF has higher volatility (14.28%) compared to BLK (6.84%). In terms of maximum drawdown, SAPGF dropped -52.36% vs BLK's -60.36%.
BLK currently has the higher Sharpe Ratio (0.40 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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