STERV.HE vs. UPMMY

Last updated Jun 5, 2026

STERV.HE (Stora Enso Oyj R) and UPMMY (UPM-Kymmene Oyj) are both stocks. Both operate in the Paper & Paper Products industry within the Basic Materials sector. Over the past 5 years, STERV.HE returned -5.05%/yr vs -0.21%/yr for UPMMY. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

STERV.HE vs. UPMMY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Stora Enso Oyj R (STERV.HE) and UPM-Kymmene Oyj (UPMMY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STERV.HE is traded in EUR, while UPMMY is traded in USD. To make them comparable, the UPMMY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, STERV.HE achieves a -5.26% return, which is significantly lower than UPMMY's 4.86% return.

STERV.HE

• 1D: 0.48%
• 1M: 3.20%
• YTD: -5.26%
• 6M: -1.53%
• 1Y: 18.06%
• 3Y*: -5.63%
• 5Y*: -5.05%
• 10Y*: 5.69%

UPMMY

• 1D: 0.08%
• 1M: -2.35%
• YTD: 4.86%
• 6M: 6.87%
• 1Y: 10.98%
• 3Y*: -0.10%
• 5Y*: -0.21%
• 10Y*: —

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

STERV.HE vs. UPMMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
STERV.HE Stora Enso Oyj R	-5.26%	13.08%	-20.97%	0.14%	-15.74%	5.06%	23.56%	30.46%
UPMMY UPM-Kymmene Oyj	4.86%	-2.02%	-17.70%	2.72%	8.67%	15.23%	3.59%	26.96%

Correlation

The correlation between STERV.HE and UPMMY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.68

The correlation between STERV.HE and UPMMY has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

Return for Risk

STERV.HE vs. UPMMY — Risk / Return Rank

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

STERV.HE

STERV.HE Risk / Return Rank: 57
STERV.HE Sharpe Ratio Rank: 59
STERV.HE Sortino Ratio Rank: 56
STERV.HE Omega Ratio Rank: 53
STERV.HE Calmar Ratio Rank: 59
STERV.HE Martin Ratio Rank: 59

UPMMY

UPMMY Risk / Return Rank: 55
UPMMY Sharpe Ratio Rank: 57
UPMMY Sortino Ratio Rank: 51
UPMMY Omega Ratio Rank: 49
UPMMY Calmar Ratio Rank: 58
UPMMY Martin Ratio Rank: 60

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.

STERV.HE vs. UPMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stora Enso Oyj R (STERV.HE) and UPM-Kymmene Oyj (UPMMY). 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.

	STERV.HE	UPMMY	Difference
Sharpe ratio: Return per unit of total volatility	0.51	0.43	+0.08
Sortino ratio: Return per unit of downside risk	1.08	0.83	+0.25
Omega ratio: Gain probability vs. loss probability	1.12	1.10	+0.03
Calmar ratio: Return relative to maximum drawdown	0.85	0.74	+0.11
Martin ratio: Return relative to average drawdown	1.86	1.94	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STERV.HE vs. UPMMY - Sharpe Ratio Comparison

The current STERV.HE Sharpe Ratio is 0.51, which is comparable to the UPMMY Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of STERV.HE and UPMMY, 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

	STERV.HE	UPMMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	0.43	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	-0.01	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.20	-0.10

Drawdowns

STERV.HE vs. UPMMY - Drawdown Comparison

The maximum STERV.HE drawdown since its inception was -80.31%, which is greater than UPMMY's maximum drawdown of -36.09%. Use the drawdown chart below to compare losses from any high point for STERV.HE and UPMMY.

Drawdown Indicators

	STERV.HE	UPMMY	Difference
Max Drawdown Largest peak-to-trough decline	-80.31%	-36.09%	-44.22%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-14.90%	-6.64%
Max Drawdown (3Y) Largest decline over 3 years	-45.45%	-36.09%	-9.36%
Max Drawdown (5Y) Largest decline over 5 years	-59.55%	-36.09%	-23.46%
Max Drawdown (10Y) Largest decline over 10 years	-59.55%	—	—
Current Drawdown Current decline from peak	-43.64%	-21.10%	-22.54%
Average Drawdown Average peak-to-trough decline	-29.52%	-13.00%	-16.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.80%	5.68%	+4.12%

Volatility

STERV.HE vs. UPMMY - Volatility Comparison

Stora Enso Oyj R (STERV.HE) has a higher volatility of 4.88% compared to UPM-Kymmene Oyj (UPMMY) at 4.43%. This indicates that STERV.HE's price experiences larger fluctuations and is considered to be riskier than UPMMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STERV.HE	UPMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	4.43%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	21.92%	18.04%	+3.88%
Volatility (1Y) Calculated over the trailing 1-year period	35.94%	25.75%	+10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.53%	24.92%	+7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.89%	26.77%	+5.12%

Dividends

STERV.HE vs. UPMMY - Dividend Comparison

STERV.HE's dividend yield for the trailing twelve months is around 2.50%, less than UPMMY's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STERV.HE Stora Enso Oyj R	2.50%	2.34%	2.06%	4.79%	4.18%	1.86%	1.92%	3.86%	4.07%	2.80%	3.23%	3.58%
UPMMY UPM-Kymmene Oyj	6.07%	5.69%	5.87%	4.33%	3.95%	4.13%	3.82%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both STERV.HE and UPMMY in my portfolio?

STERV.HE and UPMMY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.