SHEL vs. BA.L
SHEL (Shell plc) and BA.L (BAE Systems plc) are both stocks. SHEL operates in Oil & Gas Integrated (Energy), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, SHEL returned 10.03%/yr vs 18.22%/yr for BA.L. At a 0.33 correlation, their price movements are largely independent.
Performance
SHEL vs. BA.L - Performance Comparison
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Different Trading Currencies
SHEL is traded in USD, while BA.L is traded in GBp. To make them comparable, the BA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHEL achieves a 20.10% return, which is significantly higher than BA.L's 14.00% return. Over the past 10 years, SHEL has underperformed BA.L with an annualized return of 10.03%, while BA.L has yielded a comparatively higher 18.22% annualized return.
SHEL
- 1D
- 1.46%
- 1M
- 4.13%
- YTD
- 20.10%
- 6M
- 21.39%
- 1Y
- 32.28%
- 3Y*
- 18.69%
- 5Y*
- 23.01%
- 10Y*
- 10.03%
BA.L
- 1D
- 1.06%
- 1M
- -1.31%
- YTD
- 14.00%
- 6M
- 16.71%
- 1Y
- 1.43%
- 3Y*
- 32.87%
- 5Y*
- 31.49%
- 10Y*
- 18.22%
SHEL vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 20.10% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
BA.L BAE Systems plc | 14.00% | 63.60% | 4.12% | 40.34% | 43.72% | 16.51% | -6.51% | 33.58% | -21.46% | 9.84% |
Correlation
The correlation between SHEL and BA.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007 | 0.33 |
Over the past year, the correlation between SHEL and BA.L has dropped to 0.08 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
SHEL:
$247.11B
BA.L:
£59.15B
SHEL:
$6.39
BA.L:
£1.33
SHEL:
13.55
BA.L:
14.71
SHEL:
0.68
BA.L:
2.35
SHEL:
0.95
BA.L:
1.08
SHEL:
1.42
BA.L:
5.02
SHEL:
$266.82B
BA.L:
£54.65B
SHEL:
$41.65B
BA.L:
£4.75B
SHEL:
$57.44B
BA.L:
£7.55B
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Return for Risk
SHEL vs. BA.L — Risk / Return Rank
SHEL
BA.L
SHEL vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) and BAE Systems plc (BA.L). 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.
| SHEL | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.03 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 0.06 | +2.94 |
| Martin ratioReturn relative to average drawdown | 8.40 | 0.14 | +8.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHEL | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 0.05 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.16 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.68 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.38 | -0.16 |
Drawdowns
SHEL vs. BA.L - Drawdown Comparison
The maximum SHEL drawdown since its inception was -71.57%, which is greater than BA.L's maximum drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for SHEL and BA.L.
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Drawdown Indicators
| SHEL | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.57% | -57.18% | -14.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -22.64% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -22.64% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -22.64% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -71.57% | -41.57% | -30.00% |
Current DrawdownCurrent decline from peak | -7.13% | -15.55% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -18.52% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 9.86% | -6.01% |
Volatility
SHEL vs. BA.L - Volatility Comparison
The current volatility for Shell plc (SHEL) is 5.98%, while BAE Systems plc (BA.L) has a volatility of 9.22%. This indicates that SHEL experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHEL | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 9.22% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.50% | 24.34% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 31.00% | -9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 27.07% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 26.85% | +3.99% |
Dividends
SHEL vs. BA.L - Dividend Comparison
SHEL's dividend yield for the trailing twelve months is around 3.41%, more than BA.L's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.86% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
SHEL Shell plc | 3.41% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
SHEL vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Shell plc and BAE Systems plc. 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
SHEL vs. BA.L - Profitability Comparison
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
Frequently Asked Questions
SHEL and BA.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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