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 -11.19%/yr vs 21.07%/yr for PBR. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
BAK vs. PBR - Performance Comparison
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Returns By Period
In the year-to-date period, BAK achieves a -21.02% return, which is significantly lower than PBR's 65.94% return. Over the past 10 years, BAK has underperformed PBR with an annualized return of -11.19%, while PBR has yielded a comparatively higher 21.07% annualized return.
BAK
- 1D
- -3.32%
- 1M
- -4.90%
- 6M
- -34.37%
- YTD
- -21.02%
- 1Y
- -23.36%
- 3Y*
- -39.28%
- 5Y*
- -34.06%
- 10Y*
- -11.19%
- ALL TIME*
- 3.46%
PBR
- 1D
- 1.46%
- 1M
- 20.42%
- 6M
- 28.19%
- YTD
- 65.94%
- 1Y
- 60.78%
- 3Y*
- 20.34%
- 5Y*
- 36.10%
- 10Y*
- 21.07%
- ALL TIME*
- 10.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BAK Braskem S.A. | $4.31M | $4.49M | $8.14M |
| $264.23M | $274.45M | $292.55M |
BAK vs. PBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAK Braskem S.A. | -21.02% | -23.58% | -56.24% | -4.13% | -54.66% | 167.19% | -39.12% | -33.13% | -2.63% | 27.32% |
PBR Petróleo Brasileiro S.A. - Petrobras | 65.94% | -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 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.34 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BAK:
$928.47M
PBR:
$125.02B
BAK:
-R$22.98
PBR:
$3.16
BAK:
0.07
PBR:
1.34
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 | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.25 | -2.73 |
| Martin ratioReturn relative to average drawdown | -1.06 | 5.80 | -6.85 |
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Drawdowns
BAK vs. PBR - Drawdown Comparison
The maximum BAK drawdown since its inception was -90.45%, 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 | -90.45% | -95.62% | +5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -54.98% | -26.86% | -28.12% |
Max Drawdown (3Y)Largest decline over 3 years | -79.27% | -28.24% | -51.03% |
Max Drawdown (5Y)Largest decline over 5 years | -89.95% | -39.62% | -50.33% |
Max Drawdown (10Y)Largest decline over 10 years | -90.45% | -75.13% | -15.32% |
Current DrawdownCurrent decline from peak | -90.15% | -19.16% | -70.99% |
Average DrawdownAverage peak-to-trough decline | -43.54% | -52.57% | +9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.91% | 10.40% | +14.51% |
Volatility
BAK vs. PBR - Volatility Comparison
Braskem S.A. (BAK) has a higher volatility of 16.40% compared to Petróleo Brasileiro S.A. - Petrobras (PBR) at 8.87%. 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 | 16.40% | 8.87% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 60.85% | 25.17% | +35.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.25% | 32.18% | +45.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.04% | 37.75% | +22.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.61% | 46.45% | +13.16% |
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 3.65%.
| 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 | 3.65% | 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAK has higher volatility (16.40%) compared to PBR (8.87%). In terms of maximum drawdown, BAK dropped -90.45% vs PBR's -95.62%.
PBR currently has the higher Sharpe Ratio (1.88 vs -0.34), 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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