SRP.L vs. BA.L
SRP.L (Serco Group) and BA.L (BAE Systems plc) are both stocks. Both are in the Industrials sector — SRP.L in Specialty Business Services, BA.L in Aerospace & Defense. Over the past 10 years, SRP.L returned 9.83%/yr vs 18.37%/yr for BA.L. At a 0.17 correlation, their price movements are largely independent.
Performance
SRP.L vs. BA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SRP.L achieves a -7.80% return, which is significantly lower than BA.L's 11.80% return. Over the past 10 years, SRP.L has underperformed BA.L with an annualized return of 9.83%, while BA.L has yielded a comparatively higher 18.37% annualized return.
SRP.L
- 1D
- 1.11%
- 1M
- -7.68%
- YTD
- -7.80%
- 6M
- -2.49%
- 1Y
- 36.31%
- 3Y*
- 23.35%
- 5Y*
- 15.82%
- 10Y*
- 9.83%
BA.L
- 1D
- 0.84%
- 1M
- -7.75%
- YTD
- 11.80%
- 6M
- 13.62%
- 1Y
- -1.65%
- 3Y*
- 29.31%
- 5Y*
- 32.31%
- 10Y*
- 18.37%
SRP.L vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRP.L Serco Group | -7.80% | 89.19% | -4.75% | 6.45% | 17.32% | 14.45% | -25.62% | 69.35% | -3.34% | -30.98% |
BA.L BAE Systems plc | 11.80% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
Correlation
The correlation between SRP.L and BA.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1989 | 0.17 |
Fundamentals
SRP.L:
£2.66B
BA.L:
£58.12B
SRP.L:
£0.18
BA.L:
£1.33
SRP.L:
13.91
BA.L:
14.45
SRP.L:
0.37
BA.L:
2.31
SRP.L:
0.27
BA.L:
1.06
SRP.L:
3.04
BA.L:
4.93
SRP.L:
£9.73B
BA.L:
£54.65B
SRP.L:
£1.06B
BA.L:
£4.75B
SRP.L:
£513.60M
BA.L:
£7.55B
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Return for Risk
SRP.L vs. BA.L — Risk / Return Rank
SRP.L
BA.L
SRP.L vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Serco Group (SRP.L) 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.
| SRP.L | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.08 | +1.75 |
| Martin ratioReturn relative to average drawdown | 5.89 | -0.16 | +6.06 |
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
| SRP.L | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | -0.05 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.25 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.73 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.32 | -0.02 |
Drawdowns
SRP.L vs. BA.L - Drawdown Comparison
The maximum SRP.L drawdown since its inception was -88.47%, roughly equal to the maximum BA.L drawdown of -84.46%. Use the drawdown chart below to compare losses from any high point for SRP.L and BA.L.
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Drawdown Indicators
| SRP.L | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.47% | -84.46% | -4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -21.61% | -21.30% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.63% | -21.30% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.63% | -21.30% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.30% | -37.80% | -6.50% |
Current DrawdownCurrent decline from peak | -57.07% | -17.79% | -39.28% |
Average DrawdownAverage peak-to-trough decline | -41.30% | -21.36% | -19.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 9.70% | -3.56% |
Volatility
SRP.L vs. BA.L - Volatility Comparison
The current volatility for Serco Group (SRP.L) is 6.16%, while BAE Systems plc (BA.L) has a volatility of 9.86%. This indicates that SRP.L 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
| SRP.L | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 9.86% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.77% | 23.66% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 30.05% | -9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.94% | 25.81% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.40% | 25.07% | +4.33% |
Dividends
SRP.L vs. BA.L - Dividend Comparison
SRP.L's dividend yield for the trailing twelve months is around 1.77%, more than BA.L's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 0.72% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
SRP.L Serco Group | 1.77% | 1.53% | 2.39% | 1.89% | 1.64% | 1.63% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SRP.L vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Serco Group 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
SRP.L vs. BA.L - Profitability Comparison
SRP.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Serco Group reported a gross profit of 262.80M and revenue of 2.49B. Therefore, the gross margin over that period was 10.6%.
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%.
SRP.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Serco Group reported an operating income of 125.00M and revenue of 2.49B, resulting in an operating margin of 5.0%.
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%.
SRP.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Serco Group reported a net income of 57.00M and revenue of 2.49B, resulting in a net margin of 2.3%.
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
SRP.L and BA.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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