SRFM vs. EUAD
SRFM (Surf Air Mobility Inc.) is a stock, while EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Over the past year, SRFM returned -51.57% vs 2.75% for EUAD. At a 0.29 correlation, their price movements are largely independent.
Performance
SRFM vs. EUAD - Performance Comparison
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Returns By Period
In the year-to-date period, SRFM achieves a -44.33% return, which is significantly lower than EUAD's -2.37% return.
SRFM
- 1D
- -2.70%
- 1M
- -12.90%
- YTD
- -44.33%
- 6M
- -48.57%
- 1Y
- -51.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUAD
- 1D
- -0.77%
- 1M
- 4.47%
- YTD
- -2.37%
- 6M
- -0.54%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRFM vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SRFM Surf Air Mobility Inc. | -44.33% | -64.01% | 179.27% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -2.37% | 74.51% | -6.86% |
Correlation
The correlation between SRFM and EUAD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.29 |
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Return for Risk
SRFM vs. EUAD — Risk / Return Rank
SRFM
EUAD
SRFM vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Surf Air Mobility Inc. (SRFM) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRFM | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.13 | -0.71 |
| Martin ratioReturn relative to average drawdown | -0.76 | 0.30 | -1.06 |
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Drawdowns
SRFM vs. EUAD - Drawdown Comparison
The maximum SRFM drawdown since its inception was -97.29%, which is greater than EUAD's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for SRFM and EUAD.
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Drawdown Indicators
| SRFM | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.29% | -22.04% | -75.25% |
Max Drawdown (1Y)Largest decline over 1 year | -88.30% | -22.04% | -66.26% |
Current DrawdownCurrent decline from peak | -96.91% | -14.81% | -82.10% |
Average DrawdownAverage peak-to-trough decline | -87.68% | -5.88% | -81.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.54% | 9.34% | +58.20% |
Volatility
SRFM vs. EUAD - Volatility Comparison
Surf Air Mobility Inc. (SRFM) has a higher volatility of 16.48% compared to Select STOXX Europe Aerospace & Defense ETF (EUAD) at 9.65%. This indicates that SRFM's price experiences larger fluctuations and is considered to be riskier than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRFM | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 9.65% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 70.39% | 24.40% | +45.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.04% | 29.15% | +118.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 152.04% | 29.90% | +122.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 152.04% | 29.90% | +122.14% |
Dividends
SRFM vs. EUAD - Dividend Comparison
SRFM has not paid dividends to shareholders, while EUAD's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.41% | 0.40% | 0.10% |
SRFM Surf Air Mobility Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRFM and EUAD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRFM has higher volatility (16.48%) compared to EUAD (9.65%). In terms of maximum drawdown, SRFM dropped -97.29% vs EUAD's -22.04%.
EUAD currently has the higher Sharpe Ratio (0.09 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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