SES vs. ERIC

Last updated Apr 1, 2026

Compare and contrast key facts about SES AI Corp (SES) and Telefonaktiebolaget LM Ericsson (publ) (ERIC).

Performance

SES vs. ERIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SES AI Corp (SES) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). The values are adjusted to include any dividend payments, if applicable.

SES vs. ERIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SES SES AI Corp	-46.56%	-17.81%	19.67%	-41.90%	-68.34%	-7.44%
ERIC Telefonaktiebolaget LM Ericsson (publ)	16.79%	24.14%	33.36%	13.40%	-44.43%	-13.35%

Fundamentals

Market Cap SES : $318.34M ERIC : $37.66B
EPS SES : -$0.22 ERIC : $8.32
PS Ratio SES : 15.18 ERIC : 0.16
PB Ratio SES : 1.48 ERIC : 0.34
Total Revenue (TTM) SES : $21.00M ERIC : $229.96B
Gross Profit (TTM) SES : $11.31M ERIC : $110.70B
EBITDA (TTM) SES : -$76.30M ERIC : $47.49B

Returns By Period

In the year-to-date period, SES achieves a -46.56% return, which is significantly lower than ERIC's 16.79% return.

SES

• 1D: 4.83%
• 1M: -41.34%
• YTD: -46.56%
• 6M: -42.40%
• 1Y: 84.75%
• 3Y*: -31.17%
• 5Y*: -37.37%
• 10Y*: —

ERIC

• 1D: 2.18%
• 1M: -2.84%
• YTD: 16.79%
• 6M: 36.28%
• 1Y: 47.97%
• 3Y*: 28.80%
• 5Y*: 0.47%
• 10Y*: 4.00%

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

Return for Risk

SES vs. ERIC — Risk / Return Rank

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

SES

SES Risk / Return Rank: 68
SES Sharpe Ratio Rank: 68
SES Sortino Ratio Rank: 73
SES Omega Ratio Rank: 70
SES Calmar Ratio Rank: 64
SES Martin Ratio Rank: 63

ERIC

ERIC Risk / Return Rank: 84
ERIC Sharpe Ratio Rank: 83
ERIC Sortino Ratio Rank: 85
ERIC Omega Ratio Rank: 85
ERIC Calmar Ratio Rank: 83
ERIC Martin Ratio Rank: 82

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.

SES vs. ERIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SES AI Corp (SES) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.

	SES	ERIC	Difference
Sharpe ratio Return per unit of total volatility	0.76	1.38	-0.61
Sortino ratio Return per unit of downside risk	1.71	2.39	-0.68
Omega ratio Gain probability vs. loss probability	1.21	1.33	-0.11
Calmar ratio Return relative to maximum drawdown	1.04	2.54	-1.50
Martin ratio Return relative to average drawdown	2.29	6.35	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SES vs. ERIC - Sharpe Ratio Comparison

The current SES Sharpe Ratio is 0.76, which is lower than the ERIC Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of SES and ERIC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SES	ERIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	1.38	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.01	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	0.11	-0.45

Correlation

The correlation between SES and ERIC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SES vs. ERIC - Dividend Comparison

SES has not paid dividends to shareholders, while ERIC's dividend yield for the trailing twelve months is around 1.34%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SES SES AI Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ERIC Telefonaktiebolaget LM Ericsson (publ)	1.34%	3.04%	3.22%	4.07%	4.22%	2.15%	1.36%	1.24%	1.42%	1.67%	5.14%	5.30%

Drawdowns

SES vs. ERIC - Drawdown Comparison

The maximum SES drawdown since its inception was -97.58%, roughly equal to the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for SES and ERIC.

Drawdown Indicators

	SES	ERIC	Difference
Max Drawdown Largest peak-to-trough decline	-97.58%	-98.59%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-74.08%	-18.74%	-55.34%
Max Drawdown (5Y) Largest decline over 5 years	-97.58%	-66.59%	-30.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.59%	—
Current Drawdown Current decline from peak	-91.36%	-84.18%	-7.18%
Average Drawdown Average peak-to-trough decline	-64.84%	-67.69%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.59%	7.50%	+26.09%

Volatility

SES vs. ERIC - Volatility Comparison

SES AI Corp (SES) has a higher volatility of 50.27% compared to Telefonaktiebolaget LM Ericsson (publ) (ERIC) at 9.24%. This indicates that SES's price experiences larger fluctuations and is considered to be riskier than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SES	ERIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	50.27%	9.24%	+41.03%
Volatility (6M) Calculated over the trailing 6-month period	86.11%	26.83%	+59.28%
Volatility (1Y) Calculated over the trailing 1-year period	112.01%	35.03%	+76.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.43%	34.04%	+79.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.49%	35.24%	+77.25%

Financials