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SPM.MI vs. AALB.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

SPM.MI vs. AALB.AS

Last updated Jun 4, 2026

SPM.MI (Saipem SpA) and AALB.AS (Aalberts Industries NV) are both stocks. SPM.MI operates in Oil & Gas Equipment & Services (Energy), while AALB.AS operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, SPM.MI returned -5.72%/yr vs 4.93%/yr for AALB.AS. At a 0.28 correlation, their price movements are largely independent.

Performance

SPM.MI vs. AALB.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Saipem SpA (SPM.MI) and Aalberts Industries NV (AALB.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPM.MI achieves a 84.43% return, which is significantly higher than AALB.AS's 42.65% return. Over the past 10 years, SPM.MI has underperformed AALB.AS with an annualized return of -5.72%, while AALB.AS has yielded a comparatively higher 4.93% annualized return.

SPM.MI

1D
-0.46%
1M
-3.72%
YTD
84.43%
6M
89.67%
1Y
99.12%
3Y*
56.01%
5Y*
-3.08%
10Y*
-5.72%

AALB.AS

1D
-1.23%
1M
10.29%
YTD
42.65%
6M
46.51%
1Y
28.95%
3Y*
1.97%
5Y*
-0.23%
10Y*
4.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPM.MI vs. AALB.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPM.MI
Saipem SpA		84.43%4.55%70.68%30.38%-75.67%-16.27%-49.16%33.41%-14.21%-28.87%
AALB.AS
Aalberts Industries NV		42.65%-14.77%-10.34%11.34%-34.58%61.87%-6.23%40.74%-30.39%39.85%

Correlation

The correlation between SPM.MI and AALB.AS is 0.02, 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

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Apr 30, 1990

0.28

Over the past year, the correlation between SPM.MI and AALB.AS has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

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Saipem SpA

Aalberts Industries NV

Often compared with SPM.MI:
SPM.MI vs. VOOSPM.MI vs. NRDBYSPM.MI vs. FR.PASPM.MI vs. NEX.PASPM.MI vs. ALREW.PASPM.MI vs. FUTR.LSPM.MI vs. FSG.L
Often compared with AALB.AS:
AALB.AS vs. ALREW.PAAALB.AS vs. NEX.PAAALB.AS vs. ARCAYAALB.AS vs. APAM.ASAALB.AS vs. IBE.MCAALB.AS vs. IWDA.ASAALB.AS vs. BAS.DE

Return for Risk

SPM.MI vs. AALB.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPM.MI
SPM.MI Risk / Return Rank: 9393
Overall Rank
SPM.MI Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SPM.MI Sortino Ratio Rank: 9393
Sortino Ratio Rank
SPM.MI Omega Ratio Rank: 9191
Omega Ratio Rank
SPM.MI Calmar Ratio Rank: 9494
Calmar Ratio Rank
SPM.MI Martin Ratio Rank: 9494
Martin Ratio Rank
AALB.AS
AALB.AS Risk / Return Rank: 6464
Overall Rank
AALB.AS Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
AALB.AS Sortino Ratio Rank: 6262
Sortino Ratio Rank
AALB.AS Omega Ratio Rank: 6363
Omega Ratio Rank
AALB.AS Calmar Ratio Rank: 6666
Calmar Ratio Rank
AALB.AS Martin Ratio Rank: 6262
Martin Ratio Rank
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.

SPM.MI vs. AALB.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saipem SpA (SPM.MI) and Aalberts Industries NV (AALB.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.

SPM.MIAALB.ASDifference
Sharpe ratioReturn per unit of total volatility
3.15
0.85

+2.30

Sortino ratioReturn per unit of downside risk
3.65
1.37

+2.28

Omega ratioGain probability vs. loss probability

1.46

1.18

+0.28

Calmar ratioReturn relative to maximum drawdown

6.75

1.29

+5.45

Martin ratioReturn relative to average drawdown

17.06

2.36

+14.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPM.MI vs. AALB.AS - Sharpe Ratio Comparison

The current SPM.MI Sharpe Ratio is 3.15, which is higher than the AALB.AS Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of SPM.MI and AALB.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.

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Sharpe Ratios by Period

SPM.MIAALB.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.15

0.85

+2.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.04

-0.01

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.10

0.16

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.38

-0.37

Drawdowns

SPM.MI vs. AALB.AS - Drawdown Comparison

The maximum SPM.MI drawdown since its inception was -99.52%, which is greater than AALB.AS's maximum drawdown of -84.14%. Use the drawdown chart below to compare losses from any high point for SPM.MI and AALB.AS.

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Drawdown Indicators

SPM.MIAALB.ASDifference

Max Drawdown

Largest peak-to-trough decline

-99.52%

-84.14%

-15.38%

Max Drawdown (1Y)

Largest decline over 1 year

-14.69%

-22.08%

+7.39%

Max Drawdown (3Y)

Largest decline over 3 years

-41.10%

-44.75%

+3.65%

Max Drawdown (5Y)

Largest decline over 5 years

-89.70%

-51.28%

-38.42%

Max Drawdown (10Y)

Largest decline over 10 years

-95.90%

-58.29%

-37.61%

Current Drawdown

Current decline from peak

-96.02%

-21.71%

-74.31%

Average Drawdown

Average peak-to-trough decline

-44.37%

-20.95%

-23.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.81%

12.16%

-6.35%

Volatility

SPM.MI vs. AALB.AS - Volatility Comparison

Saipem SpA (SPM.MI) has a higher volatility of 11.07% compared to Aalberts Industries NV (AALB.AS) at 9.44%. This indicates that SPM.MI's price experiences larger fluctuations and is considered to be riskier than AALB.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPM.MIAALB.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.07%

9.44%

+1.63%

Volatility (6M)

Calculated over the trailing 6-month period

24.81%

24.21%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

31.45%

33.55%

-2.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

69.87%

32.58%

+37.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

57.82%

30.83%

+26.99%

Dividends

SPM.MI vs. AALB.AS - Dividend Comparison

SPM.MI's dividend yield for the trailing twelve months is around 3.95%, more than AALB.AS's 2.98% yield.

PositionTTM20252024202320222021202020192018201720162015
AALB.AS
Aalberts Industries NV		2.98%4.03%3.29%2.83%6.32%1.03%2.19%1.87%2.24%1.37%1.69%1.45%
SPM.MI
Saipem SpA		3.95%7.01%0.00%0.00%0.00%0.00%0.46%0.00%0.00%0.00%0.00%0.00%

Financials

SPM.MI vs. AALB.AS - Financials Comparison

This section allows you to compare key financial metrics between Saipem SpA and Aalberts Industries NV. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Values in EUR except per share items

Frequently Asked Questions

SPM.MI and AALB.AS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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