ABEV vs. DEO
ABEV (Ambev S.A.) and DEO (Diageo plc) are both stocks. Both are in the Consumer Defensive sector — ABEV in Beverages - Brewers, DEO in Beverages - Wineries & Distilleries. Over the past 10 years, ABEV returned -1.90%/yr vs -0.14%/yr for DEO. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
ABEV vs. DEO - Performance Comparison
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Returns By Period
In the year-to-date period, ABEV achieves a 26.28% return, which is significantly higher than DEO's 3.11% return. Over the past 10 years, ABEV has underperformed DEO with an annualized return of -1.90%, while DEO has yielded a comparatively higher -0.14% annualized return.
ABEV
- 1D
- -0.32%
- 1M
- 0.32%
- 6M
- 12.20%
- YTD
- 26.28%
- 1Y
- 52.71%
- 3Y*
- 6.80%
- 5Y*
- 5.48%
- 10Y*
- -1.90%
- ALL TIME*
- 9.45%
DEO
- 1D
- -1.12%
- 1M
- 7.18%
- 6M
- -4.15%
- YTD
- 3.11%
- 1Y
- -6.34%
- 3Y*
- -17.93%
- 5Y*
- -12.60%
- 10Y*
- -0.14%
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ABEV Ambev S.A. | $83.29M | $76.35M | $88.03M |
DEO Diageo plc | $88.28M | $81.71M | $94.75M |
ABEV vs. DEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 26.28% | 45.11% | -30.10% | 8.41% | 2.38% | -4.39% | -32.61% | 21.92% | -37.29% | 35.34% |
DEO Diageo plc | 3.11% | -29.31% | -10.09% | -16.28% | -17.40% | 41.72% | -3.26% | 21.39% | -0.43% | 44.13% |
Correlation
The correlation between ABEV and DEO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 1997 | 0.27 |
Fundamentals
ABEV:
$48.51B
DEO:
$48.95B
ABEV:
R$1.04
DEO:
£9.85
ABEV:
15.16
DEO:
6.64
ABEV:
2.86
DEO:
1.90
ABEV:
2.79
DEO:
0.98
ABEV:
2.78
DEO:
4.24
ABEV:
R$88.27B
DEO:
£37.37B
ABEV:
R$45.81B
DEO:
£22.42B
ABEV:
R$29.69B
DEO:
£10.72B
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Return for Risk
ABEV vs. DEO — Risk / Return Rank
ABEV
DEO
ABEV vs. DEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ambev S.A. (ABEV) and Diageo plc (DEO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ABEV | DEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.99 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | -0.19 | +3.48 |
| Martin ratioReturn relative to average drawdown | 8.36 | -0.31 | +8.67 |
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Drawdowns
ABEV vs. DEO - Drawdown Comparison
The maximum ABEV drawdown since its inception was -74.04%, which is greater than DEO's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for ABEV and DEO.
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Drawdown Indicators
| ABEV | DEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.04% | -63.41% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.10% | -35.52% | +19.42% |
Max Drawdown (3Y)Largest decline over 3 years | -34.06% | -54.50% | +20.44% |
Max Drawdown (5Y)Largest decline over 5 years | -38.76% | -63.41% | +24.65% |
Max Drawdown (10Y)Largest decline over 10 years | -72.26% | -63.41% | -8.85% |
Current DrawdownCurrent decline from peak | -42.89% | -55.09% | +12.20% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -13.22% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | 21.94% | -15.62% |
Volatility
ABEV vs. DEO - Volatility Comparison
The current volatility for Ambev S.A. (ABEV) is 5.36%, while Diageo plc (DEO) has a volatility of 9.50%. This indicates that ABEV experiences smaller price fluctuations and is considered to be less risky than DEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABEV | DEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 9.50% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 24.89% | 27.42% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.88% | 33.30% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.99% | 25.19% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 23.48% | +10.77% |
Dividends
ABEV vs. DEO - Dividend Comparison
ABEV's dividend yield for the trailing twelve months is around 5.31%, more than DEO's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 5.31% | 8.10% | 6.10% | 5.26% | 5.36% | 4.38% | 2.67% | 2.51% | 3.79% | 2.57% | 3.41% | 4.32% |
DEO Diageo plc | 3.77% | 4.80% | 3.26% | 2.77% | 2.16% | 1.82% | 2.29% | 2.07% | 2.51% | 2.18% | 3.00% | 3.13% |
Financials
ABEV vs. DEO - Financials Comparison
This section allows you to compare key financial metrics between Ambev S.A. and Diageo 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
ABEV vs. DEO - Profitability Comparison
ABEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported a gross profit of 10.45B and revenue of 20.15B. Therefore, the gross margin over that period was 51.9%.
DEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Diageo plc reported a gross profit of 4.72B and revenue of 7.73B. Therefore, the gross margin over that period was 61.0%.
ABEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported an operating income of 4.76B and revenue of 20.15B, resulting in an operating margin of 23.6%.
DEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Diageo plc reported an operating income of 2.41B and revenue of 7.73B, resulting in an operating margin of 31.1%.
ABEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported a net income of 3.39B and revenue of 20.15B, resulting in a net margin of 16.8%.
DEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Diageo plc reported a net income of 1.48B and revenue of 7.73B, resulting in a net margin of 19.1%.
Frequently Asked Questions
ABEV and DEO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEO has higher volatility (9.50%) compared to ABEV (5.36%). In terms of maximum drawdown, ABEV dropped -74.04% vs DEO's -63.41%.
ABEV currently has the higher Sharpe Ratio (1.74 vs -0.21), 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.
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