BAK vs. PBR
BAK (Braskem S.A.) and PBR (Petróleo Brasileiro S.A. - Petrobras) are both stocks. BAK operates in Chemicals (Basic Materials), while PBR operates in Oil & Gas Integrated (Energy). Over the past 10 years, BAK returned -9.19%/yr vs 21.42%/yr for PBR. At a 0.47 correlation, their price movements are largely independent.
Performance
BAK vs. PBR - Performance Comparison
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Returns By Period
In the year-to-date period, BAK achieves a -0.68% return, which is significantly lower than PBR's 45.50% return. Over the past 10 years, BAK has underperformed PBR with an annualized return of -9.19%, while PBR has yielded a comparatively higher 21.42% annualized return.
BAK
- 1D
- -0.34%
- 1M
- -39.34%
- YTD
- -0.68%
- 6M
- 0.00%
- 1Y
- -16.76%
- 3Y*
- -37.69%
- 5Y*
- -31.42%
- 10Y*
- -9.19%
PBR
- 1D
- 1.55%
- 1M
- -13.87%
- YTD
- 45.50%
- 6M
- 50.20%
- 1Y
- 36.87%
- 3Y*
- 15.45%
- 5Y*
- 29.67%
- 10Y*
- 21.42%
BAK vs. PBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAK Braskem S.A. | -0.68% | -23.58% | -56.24% | -4.13% | -54.66% | 167.19% | -39.12% | -33.13% | -2.63% | 27.32% |
PBR Petróleo Brasileiro S.A. - Petrobras | 45.50% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | -28.83% | 24.65% | 27.68% | 1.78% |
Correlation
The correlation between BAK and PBR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2000 | 0.47 |
The correlation between BAK and PBR shifts across timeframes, from 0.36 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BAK:
$1.17B
PBR:
$109.62B
BAK:
-R$22.98
PBR:
$3.16
BAK:
0.09
PBR:
1.18
BAK:
R$66.46B
PBR:
$93.27B
BAK:
R$1.33B
PBR:
$43.47B
BAK:
R$4.31B
PBR:
$41.03B
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Return for Risk
BAK vs. PBR — Risk / Return Rank
BAK
PBR
BAK vs. PBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Braskem S.A. (BAK) and Petróleo Brasileiro S.A. - Petrobras (PBR). 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.
| BAK | PBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.22 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.58 | -1.99 |
| Martin ratioReturn relative to average drawdown | -0.85 | 4.61 | -5.45 |
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Drawdowns
BAK vs. PBR - Drawdown Comparison
The maximum BAK drawdown since its inception was -89.94%, smaller than the maximum PBR drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for BAK and PBR.
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Drawdown Indicators
| BAK | PBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.94% | -95.62% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -41.63% | -23.38% | -18.25% |
Max Drawdown (3Y)Largest decline over 3 years | -80.35% | -28.24% | -52.11% |
Max Drawdown (5Y)Largest decline over 5 years | -89.42% | -39.62% | -49.80% |
Max Drawdown (10Y)Largest decline over 10 years | -89.94% | -75.13% | -14.81% |
Current DrawdownCurrent decline from peak | -87.61% | -29.12% | -58.49% |
Average DrawdownAverage peak-to-trough decline | -43.35% | -52.68% | +9.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.85% | 8.06% | +11.79% |
Volatility
BAK vs. PBR - Volatility Comparison
Braskem S.A. (BAK) has a higher volatility of 21.23% compared to Petróleo Brasileiro S.A. - Petrobras (PBR) at 7.79%. This indicates that BAK's price experiences larger fluctuations and is considered to be riskier than PBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAK | PBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 7.79% | +13.44% |
Volatility (6M)Calculated over the trailing 6-month period | 61.46% | 25.05% | +36.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.33% | 31.69% | +44.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.91% | 37.94% | +21.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.41% | 46.86% | +12.55% |
Dividends
BAK vs. PBR - Dividend Comparison
BAK has not paid dividends to shareholders, while PBR's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAK Braskem S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 7.70% | 12.85% | 0.00% | 14.46% | 4.53% | 2.87% | 6.80% | 2.67% |
PBR Petróleo Brasileiro S.A. - Petrobras | 4.16% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% | 0.00% | 0.00% | 0.00% |
Financials
BAK vs. PBR - Financials Comparison
This section allows you to compare key financial metrics between Braskem S.A. and Petróleo Brasileiro S.A. - Petrobras. 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
BAK vs. PBR - Profitability Comparison
BAK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Braskem S.A. reported a gross profit of 1.08B and revenue of 15.20B. Therefore, the gross margin over that period was 7.1%.
PBR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Petróleo Brasileiro S.A. - Petrobras reported a gross profit of 10.60B and revenue of 23.53B. Therefore, the gross margin over that period was 45.0%.
BAK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Braskem S.A. reported an operating income of -304.20M and revenue of 15.20B, resulting in an operating margin of -2.0%.
PBR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Petróleo Brasileiro S.A. - Petrobras reported an operating income of 7.37B and revenue of 23.53B, resulting in an operating margin of 31.3%.
BAK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Braskem S.A. reported a net income of 1.42B and revenue of 15.20B, resulting in a net margin of 9.3%.
PBR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Petróleo Brasileiro S.A. - Petrobras reported a net income of 6.21B and revenue of 23.53B, resulting in a net margin of 26.4%.
Frequently Asked Questions
BAK and PBR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAK has higher volatility (21.23%) compared to PBR (7.79%). In terms of maximum drawdown, BAK dropped -89.94% vs PBR's -95.62%.
PBR currently has the higher Sharpe Ratio (1.17 vs -0.22), 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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