SBMO.AS vs. HAL.AS

Last updated Jun 5, 2026

SBMO.AS (SBM Offshore NV) and HAL.AS (HAL Trust) are both stocks. SBMO.AS operates in Oil & Gas Equipment & Services (Energy), while HAL.AS operates in Asset Management (Financial Services). Over the past 10 years, SBMO.AS returned 16.62%/yr vs 3.12%/yr for HAL.AS. At a 0.24 correlation, their price movements are largely independent.

Performance

SBMO.AS vs. HAL.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SBM Offshore NV (SBMO.AS) and HAL Trust (HAL.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBMO.AS achieves a 39.11% return, which is significantly higher than HAL.AS's 22.02% return. Over the past 10 years, SBMO.AS has outperformed HAL.AS with an annualized return of 16.62%, while HAL.AS has yielded a comparatively lower 3.12% annualized return.

SBMO.AS

• 1D: 0.66%
• 1M: -5.78%
• YTD: 39.11%
• 6M: 36.44%
• 1Y: 60.92%
• 3Y*: 41.89%
• 5Y*: 25.30%
• 10Y*: 16.62%

HAL.AS

• 1D: 0.00%
• 1M: 0.31%
• YTD: 22.02%
• 6M: 21.16%
• 1Y: 42.36%
• 3Y*: 13.20%
• 5Y*: 5.57%
• 10Y*: 3.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBMO.AS vs. HAL.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBMO.AS SBM Offshore NV	39.11%	52.28%	43.62%	-8.52%	19.15%	-11.57%	-0.38%	30.88%	-10.55%	-0.25%
HAL.AS HAL Trust	22.02%	25.51%	3.86%	-1.32%	-14.06%	28.59%	-14.94%	12.59%	-9.76%	-11.10%

Correlation

The correlation between SBMO.AS and HAL.AS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 4, 1990	0.24

Return for Risk

SBMO.AS vs. HAL.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBMO.AS

SBMO.AS Risk / Return Rank: 91
SBMO.AS Sharpe Ratio Rank: 91
SBMO.AS Sortino Ratio Rank: 90
SBMO.AS Omega Ratio Rank: 90
SBMO.AS Calmar Ratio Rank: 93
SBMO.AS Martin Ratio Rank: 92

HAL.AS

HAL.AS Risk / Return Rank: 92
HAL.AS Sharpe Ratio Rank: 92
HAL.AS Sortino Ratio Rank: 93
HAL.AS Omega Ratio Rank: 92
HAL.AS Calmar Ratio Rank: 92
HAL.AS Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBMO.AS vs. HAL.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SBM Offshore NV (SBMO.AS) and HAL Trust (HAL.AS). 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.

	SBMO.AS	HAL.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.49	-0.05
Sortino ratio: Return per unit of downside risk	3.25	3.73	-0.49
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	5.52	5.51	0.00
Martin ratio: Return relative to average drawdown	13.89	12.07	+1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBMO.AS vs. HAL.AS - Sharpe Ratio Comparison

The current SBMO.AS Sharpe Ratio is 2.44, which is comparable to the HAL.AS Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SBMO.AS and HAL.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBMO.AS	HAL.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.49	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.32	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.17	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.71	-0.34

Drawdowns

SBMO.AS vs. HAL.AS - Drawdown Comparison

The maximum SBMO.AS drawdown since its inception was -71.04%, which is greater than HAL.AS's maximum drawdown of -55.60%. Use the drawdown chart below to compare losses from any high point for SBMO.AS and HAL.AS.

Drawdown Indicators

	SBMO.AS	HAL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-71.04%	-55.60%	-15.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-7.75%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-21.68%	-15.37%	-6.31%
Max Drawdown (5Y) Largest decline over 5 years	-21.96%	-28.23%	+6.27%
Max Drawdown (10Y) Largest decline over 10 years	-43.16%	-42.60%	-0.56%
Current Drawdown Current decline from peak	-8.40%	-4.41%	-3.99%
Average Drawdown Average peak-to-trough decline	-27.73%	-10.82%	-16.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	3.56%	+0.84%

Volatility

SBMO.AS vs. HAL.AS - Volatility Comparison

SBM Offshore NV (SBMO.AS) has a higher volatility of 9.68% compared to HAL Trust (HAL.AS) at 4.88%. This indicates that SBMO.AS's price experiences larger fluctuations and is considered to be riskier than HAL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBMO.AS	HAL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.68%	4.88%	+4.80%
Volatility (6M) Calculated over the trailing 6-month period	19.15%	13.52%	+5.63%
Volatility (1Y) Calculated over the trailing 1-year period	24.96%	17.13%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	17.20%	+9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.35%	17.77%	+12.58%

Dividends

SBMO.AS vs. HAL.AS - Dividend Comparison

SBMO.AS's dividend yield for the trailing twelve months is around 1.49%, less than HAL.AS's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAL.AS HAL Trust	2.07%	2.05%	2.47%	2.24%	2.43%	1.64%	2.54%	1.88%	2.37%	2.35%	3.61%	3.06%
SBMO.AS SBM Offshore NV	1.49%	3.47%	4.51%	8.00%	6.23%	5.68%	4.79%	1.99%	1.56%	1.46%	1.24%	0.00%

Financials

Frequently Asked Questions

Can I hold both SBMO.AS and HAL.AS in my portfolio?

SBMO.AS and HAL.AS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.