ADBE vs. PM
ADBE (Adobe Inc) and PM (Philip Morris International Inc.) are both stocks. ADBE operates in Software - Infrastructure (Technology), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, ADBE returned 9.82%/yr vs 11.28%/yr for PM. At a 0.24 correlation, their price movements are largely independent.
Performance
ADBE vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, ADBE achieves a -28.16% return, which is significantly lower than PM's 12.15% return. Over the past 10 years, ADBE has underperformed PM with an annualized return of 9.82%, while PM has yielded a comparatively higher 11.28% annualized return.
ADBE
- 1D
- -2.70%
- 1M
- 0.51%
- YTD
- -28.16%
- 6M
- -27.38%
- 1Y
- -39.44%
- 3Y*
- -16.56%
- 5Y*
- -13.00%
- 10Y*
- 9.82%
PM
- 1D
- 1.89%
- 1M
- 4.55%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.45%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
ADBE vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADBE Adobe Inc | -28.16% | -21.29% | -25.46% | 77.28% | -40.65% | 13.38% | 51.64% | 45.78% | 29.10% | 70.22% |
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between ADBE and PM is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.24 |
The correlation between ADBE and PM shifts across timeframes, from -0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ADBE:
$103.34B
PM:
$278.64B
ADBE:
$17.19
PM:
$7.12
ADBE:
14.63
PM:
25.05
ADBE:
1.03
PM:
2.72
ADBE:
4.31
PM:
6.70
ADBE:
$24.45B
PM:
$41.49B
ADBE:
$21.82B
PM:
$27.93B
ADBE:
$9.71B
PM:
$17.74B
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Return for Risk
ADBE vs. PM — Risk / Return Rank
ADBE
PM
ADBE vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adobe Inc (ADBE) and Philip Morris International Inc. (PM). 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.
| ADBE | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.03 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.07 | -0.93 |
| Martin ratioReturn relative to average drawdown | -1.46 | 0.14 | -1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADBE | PM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 0.05 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.81 | -1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.46 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.53 | -0.12 |
Drawdowns
ADBE vs. PM - Drawdown Comparison
The maximum ADBE drawdown since its inception was -79.89%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for ADBE and PM.
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Drawdown Indicators
| ADBE | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.89% | -42.87% | -37.02% |
Max Drawdown (1Y)Largest decline over 1 year | -45.95% | -20.64% | -25.31% |
Max Drawdown (3Y)Largest decline over 3 years | -64.50% | -20.64% | -43.86% |
Max Drawdown (5Y)Largest decline over 5 years | -67.26% | -22.78% | -44.48% |
Max Drawdown (10Y)Largest decline over 10 years | -67.26% | -42.87% | -24.39% |
Current DrawdownCurrent decline from peak | -63.47% | -7.07% | -56.40% |
Average DrawdownAverage peak-to-trough decline | -25.98% | -10.03% | -15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.05% | 10.78% | +16.27% |
Volatility
ADBE vs. PM - Volatility Comparison
Adobe Inc (ADBE) has a higher volatility of 14.07% compared to Philip Morris International Inc. (PM) at 9.65%. This indicates that ADBE's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADBE | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.07% | 9.65% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 20.91% | +7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.71% | 27.60% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.32% | 22.70% | +13.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.33% | 24.44% | +9.89% |
Dividends
ADBE vs. PM - Dividend Comparison
ADBE has not paid dividends to shareholders, while PM's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADBE Adobe Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
ADBE vs. PM - Financials Comparison
This section allows you to compare key financial metrics between Adobe Inc and Philip Morris International Inc.. 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
ADBE vs. PM - Profitability Comparison
ADBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a gross profit of 5.73B and revenue of 6.40B. Therefore, the gross margin over that period was 89.6%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
ADBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported an operating income of 2.42B and revenue of 6.40B, resulting in an operating margin of 37.8%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
ADBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a net income of 1.89B and revenue of 6.40B, resulting in a net margin of 29.5%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
ADBE and PM have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADBE has higher volatility (14.07%) compared to PM (9.65%). In terms of maximum drawdown, ADBE dropped -79.89% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.05 vs -1.17), 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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