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Helvetia Baloise Holding vs Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Which Stock Looks Stronger in 2026?

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München holds the cleaner structural position, with the lead spread across profitability and valuation. Helvetia Baloise still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Helvetia Baloise, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

Profitability drives the lead, while growth keeps the result from looking one-sided. The overall score gap is 12 points in favour of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München.

Trajectory Similarity
0.74
Similar
Peer-set rank: #11
within Helvetia Baloise Holding AG's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in investment intensity and recent revenue growth.

Similarity drivers
investment intensityrecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HBAN.SW
Helvetia Baloise Holding AG
49
Peer-Score
Signal qualityLow
Peer basis: STOXX 600
vs
MUV2.DE
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
61
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: HBAN.SW vs MUV2.DE Profitability 21 53 Stability 78 48 Valuation 52 84 Growth 58 51 HBAN.SW MUV2.DE
Gap Ranking
#1 Profitability +32
#2 Valuation +32
#3 Stability +30
#4 Growth +7
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HBAN.SW and MUV2.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HBAN.SWMUV2.DE Relative valuation Structural strength

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München and Helvetia Baloise Holding AG look relatively close on structure, but the price setup still leans toward Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where HBAN.SW and MUV2.DE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY HBAN.SW Elevated · near norm 0th 50th 100th 25 pct gap MUV2.DE Elevated · below norm 0th 50th 100th 99th 74th
Today MUV2.DE sits in the upper-middle of its own 5-year history (74th percentile), while HBAN.SW sits higher in its own history (99th). Within each stock's own 5-year context, MUV2.DE is at a historically more favourable entry position than HBAN.SW. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München sits in the stronger part of the group on profitability, while Helvetia Baloise Holding AG is closer to mid-pack.
Valuation
Both profiles are strong on valuation, but Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München leads clearly.
Profitability — Dominant Gap
HBAN.SW
21
MUV2.DE
53
Gap+32in favour of MUV2.DE

Return on equity adds support too, with a 13.5-point advantage.

What keeps the gap from being one-sided

There is still a strong counterforce in stability, so the lead stays clear without becoming a sweep.

What this means for the comparison

The lead is built on both profitability and valuation — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the HBAN.SW vs MUV2.DE comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how HBAN.SW and MUV2.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.