SESG.PA vs. ETL.PA

Last updated Jun 5, 2026

SESG.PA (SES S. A.) and ETL.PA (Eutelsat Communications SA) are both stocks. SESG.PA operates in Broadcasting (Communication Services), while ETL.PA operates in Communication Equipment (Technology). Over the past 10 years, SESG.PA returned -0.69%/yr vs -7.67%/yr for ETL.PA. At a 0.45 correlation, their price movements are largely independent.

Performance

SESG.PA vs. ETL.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SES S. A. (SESG.PA) and Eutelsat Communications SA (ETL.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SESG.PA achieves a 61.14% return, which is significantly lower than ETL.PA's 94.72% return. Over the past 10 years, SESG.PA has outperformed ETL.PA with an annualized return of -0.69%, while ETL.PA has yielded a comparatively lower -7.67% annualized return.

SESG.PA

• 1D: 0.65%
• 1M: 14.20%
• YTD: 61.14%
• 6M: 61.87%
• 1Y: 80.94%
• 3Y*: 26.79%
• 5Y*: 14.76%
• 10Y*: -0.69%

ETL.PA

• 1D: 1.87%
• 1M: 10.92%
• YTD: 94.72%
• 6M: 56.70%
• 1Y: 49.61%
• 3Y*: -10.76%
• 5Y*: -13.08%
• 10Y*: -7.67%

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

SESG.PA vs. ETL.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SESG.PA SES S. A.	61.14%	97.88%	-40.32%	6.35%	-7.48%	-4.13%	-34.35%	-21.20%	36.53%	-33.79%
ETL.PA Eutelsat Communications SA	94.72%	-3.45%	-46.64%	-38.94%	-28.12%	24.58%	-29.96%	-8.65%	-4.30%	11.56%

Correlation

The correlation between SESG.PA and ETL.PA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 5, 2005	0.45

Return for Risk

SESG.PA vs. ETL.PA — Risk / Return Rank

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

SESG.PA

SESG.PA Risk / Return Rank: 82
SESG.PA Sharpe Ratio Rank: 86
SESG.PA Sortino Ratio Rank: 80
SESG.PA Omega Ratio Rank: 82
SESG.PA Calmar Ratio Rank: 79
SESG.PA Martin Ratio Rank: 81

ETL.PA

ETL.PA Risk / Return Rank: 53
ETL.PA Sharpe Ratio Rank: 51
ETL.PA Sortino Ratio Rank: 56
ETL.PA Omega Ratio Rank: 54
ETL.PA Calmar Ratio Rank: 53
ETL.PA Martin Ratio Rank: 52

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.

SESG.PA vs. ETL.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SES S. A. (SESG.PA) and Eutelsat Communications SA (ETL.PA). 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.

	SESG.PA	ETL.PA	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.28	+1.57
Sortino ratio: Return per unit of downside risk	2.35	1.06	+1.28
Omega ratio: Gain probability vs. loss probability	1.32	1.13	+0.20
Calmar ratio: Return relative to maximum drawdown	2.55	0.47	+2.08
Martin ratio: Return relative to average drawdown	6.92	0.96	+5.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SESG.PA vs. ETL.PA - Sharpe Ratio Comparison

The current SESG.PA Sharpe Ratio is 1.85, which is higher than the ETL.PA Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of SESG.PA and ETL.PA, 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

	SESG.PA	ETL.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	0.28	+1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	-0.14	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	-0.11	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.01	+0.22

Drawdowns

SESG.PA vs. ETL.PA - Drawdown Comparison

The maximum SESG.PA drawdown since its inception was -83.72%, smaller than the maximum ETL.PA drawdown of -93.50%. Use the drawdown chart below to compare losses from any high point for SESG.PA and ETL.PA.

Drawdown Indicators

	SESG.PA	ETL.PA	Difference
Max Drawdown Largest peak-to-trough decline	-83.72%	-93.50%	+9.78%
Max Drawdown (1Y) Largest decline over 1 year	-31.23%	-47.04%	+15.81%
Max Drawdown (3Y) Largest decline over 3 years	-51.10%	-81.14%	+30.04%
Max Drawdown (5Y) Largest decline over 5 years	-59.24%	-89.53%	+30.29%
Max Drawdown (10Y) Largest decline over 10 years	-79.01%	-92.45%	+13.44%
Current Drawdown Current decline from peak	-45.03%	-76.44%	+31.41%
Average Drawdown Average peak-to-trough decline	-31.73%	-31.09%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.59%	23.06%	-11.47%

Volatility

SESG.PA vs. ETL.PA - Volatility Comparison

The current volatility for SES S. A. (SESG.PA) is 17.84%, while Eutelsat Communications SA (ETL.PA) has a volatility of 31.36%. This indicates that SESG.PA experiences smaller price fluctuations and is considered to be less risky than ETL.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SESG.PA	ETL.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.84%	31.36%	-13.52%
Volatility (6M) Calculated over the trailing 6-month period	29.17%	51.98%	-22.81%
Volatility (1Y) Calculated over the trailing 1-year period	42.99%	78.89%	-35.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.22%	92.09%	-54.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.57%	68.80%	-29.23%

Dividends

SESG.PA vs. ETL.PA - Dividend Comparison

SESG.PA's dividend yield for the trailing twelve months is around 5.84%, while ETL.PA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETL.PA Eutelsat Communications SA	0.00%	0.00%	0.00%	0.00%	13.36%	8.66%	9.61%	8.76%	7.38%	6.27%	5.98%	3.95%
SESG.PA SES S. A.	5.84%	9.04%	24.53%	8.39%	8.21%	5.74%	5.18%	6.40%	4.79%	10.30%	6.21%	4.55%

Financials

Frequently Asked Questions

Can I hold both SESG.PA and ETL.PA in my portfolio?

SESG.PA and ETL.PA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.