XNET vs. SAABY

Last updated Jun 4, 2026

XNET (Xunlei Limited) and SAABY (Saab AB (publ)) are both stocks. XNET operates in Advertising Agencies (Communication Services), while SAABY operates in Aerospace & Defense (Industrials). Over the past 5 years, XNET returned 0.66%/yr vs 50.56%/yr for SAABY. At a 0.06 correlation, their price movements are largely independent.

Performance

XNET vs. SAABY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xunlei Limited (XNET) and Saab AB (publ) (SAABY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNET achieves a -29.76% return, which is significantly lower than SAABY's -5.10% return.

XNET

• 1D: -7.95%
• 1M: -20.06%
• YTD: -29.76%
• 6M: -31.69%
• 1Y: -14.29%
• 3Y*: 51.22%
• 5Y*: 0.66%
• 10Y*: -2.17%

SAABY

• 1D: -2.66%
• 1M: -10.56%
• YTD: -5.10%
• 6M: 9.53%
• 1Y: 6.25%
• 3Y*: 56.17%
• 5Y*: 50.56%
• 10Y*: —

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

XNET vs. SAABY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XNET Xunlei Limited	-29.76%	256.28%	22.84%	-10.99%	-9.45%	-30.45%	-12.42%
SAABY Saab AB (publ)	-5.10%	177.56%	39.85%	47.07%	67.28%	-48.79%	82.51%

Correlation

The correlation between XNET and SAABY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.06

Fundamentals

Market Cap XNET : $62.71M SAABY : $29.71B
EPS XNET : $69.01 SAABY : $5.98
PE Ratio XNET : 0.07 SAABY : 4.59
PEG Ratio XNET : 0.00 SAABY : 0.14
PS Ratio XNET : 0.13 SAABY : 0.36
PB Ratio XNET : 0.05 SAABY : 0.67
Total Revenue (TTM) XNET : $470.70M SAABY : $82.29B
Gross Profit (TTM) XNET : $231.40M SAABY : $17.87B
EBITDA (TTM) XNET : $1.09B SAABY : $9.44B

Return for Risk

XNET vs. SAABY — Risk / Return Rank

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

XNET

XNET Risk / Return Rank: 35
XNET Sharpe Ratio Rank: 34
XNET Sortino Ratio Rank: 37
XNET Omega Ratio Rank: 37
XNET Calmar Ratio Rank: 32
XNET Martin Ratio Rank: 33

SAABY

SAABY Risk / Return Rank: 44
SAABY Sharpe Ratio Rank: 45
SAABY Sortino Ratio Rank: 43
SAABY Omega Ratio Rank: 42
SAABY Calmar Ratio Rank: 44
SAABY Martin Ratio Rank: 45

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.

XNET vs. SAABY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xunlei Limited (XNET) and Saab AB (publ) (SAABY). 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.

	XNET	SAABY	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.13	-0.30
Sortino ratio: Return per unit of downside risk	0.33	0.55	-0.22
Omega ratio: Gain probability vs. loss probability	1.04	1.06	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.27	0.17	-0.44
Martin ratio: Return relative to average drawdown	-0.43	0.44	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNET vs. SAABY - Sharpe Ratio Comparison

The current XNET Sharpe Ratio is -0.18, which is lower than the SAABY Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of XNET and SAABY, 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

	XNET	SAABY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.13	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	1.08	-1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.76	-0.87

Drawdowns

XNET vs. SAABY - Drawdown Comparison

The maximum XNET drawdown since its inception was -96.03%, which is greater than SAABY's maximum drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for XNET and SAABY.

Drawdown Indicators

	XNET	SAABY	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-52.75%	-43.28%
Max Drawdown (1Y) Largest decline over 1 year	-53.80%	-37.04%	-16.76%
Max Drawdown (3Y) Largest decline over 3 years	-53.80%	-37.04%	-16.76%
Max Drawdown (5Y) Largest decline over 5 years	-81.46%	-37.04%	-44.42%
Max Drawdown (10Y) Largest decline over 10 years	-96.03%	—	—
Current Drawdown Current decline from peak	-80.01%	-32.29%	-47.72%
Average Drawdown Average peak-to-trough decline	-74.74%	-16.90%	-57.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.46%	14.20%	+19.26%

Volatility

XNET vs. SAABY - Volatility Comparison

Xunlei Limited (XNET) has a higher volatility of 21.11% compared to Saab AB (publ) (SAABY) at 16.22%. This indicates that XNET's price experiences larger fluctuations and is considered to be riskier than SAABY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNET	SAABY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.11%	16.22%	+4.89%
Volatility (6M) Calculated over the trailing 6-month period	39.41%	32.73%	+6.68%
Volatility (1Y) Calculated over the trailing 1-year period	81.97%	49.51%	+32.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.26%	46.97%	+24.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.64%	57.58%	+30.06%

Dividends

XNET vs. SAABY - Dividend Comparison

XNET has not paid dividends to shareholders, while SAABY's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021
SAABY Saab AB (publ)	0.43%	0.36%	0.73%	0.84%	1.24%	2.19%
XNET Xunlei Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both XNET and SAABY in my portfolio?

XNET and SAABY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XNET or SAABY?

XNET has higher volatility (21.11%) compared to SAABY (16.22%). In terms of maximum drawdown, XNET dropped -96.03% vs SAABY's -52.75%.

Which has better risk-adjusted returns?

SAABY currently has the higher Sharpe Ratio (0.13 vs -0.18), 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.