TM2.F vs. AIT

Last updated Jun 4, 2026

TM2.F (Sydbank A/S) and AIT (Applied Industrial Technologies, Inc.) are both stocks. TM2.F operates in Banks - Regional (Financial Services), while AIT operates in Industrial Distribution (Industrials). Over the past 10 years, TM2.F returned 12.28%/yr vs 22.81%/yr for AIT. At a 0.04 correlation, their price movements are largely independent.

Performance

TM2.F vs. AIT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Sydbank A/S (TM2.F) and Applied Industrial Technologies, Inc. (AIT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TM2.F is traded in EUR, while AIT is traded in USD. To make them comparable, the AIT values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TM2.F achieves a -8.08% return, which is significantly lower than AIT's 23.94% return. Over the past 10 years, TM2.F has underperformed AIT with an annualized return of 12.28%, while AIT has yielded a comparatively higher 22.81% annualized return.

TM2.F

• 1D: -3.59%
• 1M: -6.17%
• YTD: -8.08%
• 6M: -9.83%
• 1Y: 15.32%
• 3Y*: 21.17%
• 5Y*: 22.18%
• 10Y*: 12.28%

AIT

• 1D: 1.87%
• 1M: 4.00%
• YTD: 23.94%
• 6M: 21.20%
• 1Y: 34.47%
• 3Y*: 30.61%
• 5Y*: 28.90%
• 10Y*: 22.81%

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

TM2.F vs. AIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TM2.F Sydbank A/S	-8.08%	48.63%	32.58%	-1.04%	44.25%	57.83%	5.45%	-8.51%	-38.64%	15.53%
AIT Applied Industrial Technologies, Inc.	23.94%	-4.81%	48.89%	34.20%	31.95%	43.56%	9.53%	29.21%	-15.63%	2.52%

Correlation

The correlation between TM2.F and AIT is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Oct 9, 2007	0.04

Return for Risk

TM2.F vs. AIT — Risk / Return Rank

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

TM2.F

TM2.F Risk / Return Rank: 57
TM2.F Sharpe Ratio Rank: 58
TM2.F Sortino Ratio Rank: 52
TM2.F Omega Ratio Rank: 51
TM2.F Calmar Ratio Rank: 59
TM2.F Martin Ratio Rank: 64

AIT

AIT Risk / Return Rank: 78
AIT Sharpe Ratio Rank: 80
AIT Sortino Ratio Rank: 74
AIT Omega Ratio Rank: 73
AIT Calmar Ratio Rank: 81
AIT Martin Ratio Rank: 81

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.

TM2.F vs. AIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sydbank A/S (TM2.F) and Applied Industrial Technologies, Inc. (AIT). 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.

	TM2.F	AIT	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.29	-0.77
Sortino ratio: Return per unit of downside risk	0.94	1.77	-0.83
Omega ratio: Gain probability vs. loss probability	1.12	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	0.89	2.62	-1.73
Martin ratio: Return relative to average drawdown	2.68	5.92	-3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TM2.F vs. AIT - Sharpe Ratio Comparison

The current TM2.F Sharpe Ratio is 0.52, which is lower than the AIT Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of TM2.F and AIT, 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

	TM2.F	AIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	1.29	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.94	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.68	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.47	-0.32

Drawdowns

TM2.F vs. AIT - Drawdown Comparison

The maximum TM2.F drawdown since its inception was -76.16%, which is greater than AIT's maximum drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for TM2.F and AIT.

Drawdown Indicators

	TM2.F	AIT	Difference
Max Drawdown Largest peak-to-trough decline	-76.16%	-56.27%	-19.89%
Max Drawdown (1Y) Largest decline over 1 year	-17.15%	-13.20%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.29%	-30.30%	+9.01%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	-30.30%	+5.23%
Max Drawdown (10Y) Largest decline over 10 years	-65.70%	-56.27%	-9.43%
Current Drawdown Current decline from peak	-11.45%	-0.03%	-11.42%
Average Drawdown Average peak-to-trough decline	-30.02%	-12.36%	-17.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	5.84%	-0.13%

Volatility

TM2.F vs. AIT - Volatility Comparison

Sydbank A/S (TM2.F) has a higher volatility of 7.17% compared to Applied Industrial Technologies, Inc. (AIT) at 6.52%. This indicates that TM2.F's price experiences larger fluctuations and is considered to be riskier than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TM2.F	AIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	6.52%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	21.83%	19.56%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	29.47%	26.98%	+2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.12%	30.85%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.09%	33.75%	-0.66%

Dividends

TM2.F vs. AIT - Dividend Comparison

TM2.F's dividend yield for the trailing twelve months is around 0.65%, more than AIT's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIT Applied Industrial Technologies, Inc.	0.62%	0.72%	0.62%	0.81%	1.08%	1.29%	1.64%	1.86%	2.22%	1.70%	1.89%	2.67%
TM2.F Sydbank A/S	0.65%	0.64%	1.07%	0.77%	0.55%	0.63%	6.20%	0.91%	1.01%	0.57%	0.69%	0.43%

Financials

Frequently Asked Questions

Can I hold both TM2.F and AIT in my portfolio?

TM2.F and AIT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.