BATS.L vs. AV.L
BATS.L (British American Tobacco plc) and AV.L (Aviva plc) are both stocks. BATS.L operates in Tobacco (Consumer Defensive), while AV.L operates in Insurance - Diversified (Financial Services). Over the past 10 years, BATS.L returned 7.31%/yr vs 5.84%/yr for AV.L. At a 0.28 correlation, their price movements are largely independent.
Performance
BATS.L vs. AV.L - Performance Comparison
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Returns By Period
In the year-to-date period, BATS.L achieves a 7.56% return, which is significantly higher than AV.L's -6.88% return. Over the past 10 years, BATS.L has outperformed AV.L with an annualized return of 7.31%, while AV.L has yielded a comparatively lower 5.84% annualized return.
BATS.L
- 1D
- 1.48%
- 1M
- 4.73%
- YTD
- 7.56%
- 6M
- 6.51%
- 1Y
- 34.97%
- 3Y*
- 29.92%
- 5Y*
- 18.46%
- 10Y*
- 7.31%
AV.L
- 1D
- 1.23%
- 1M
- -1.48%
- YTD
- -6.88%
- 6M
- -1.16%
- 1Y
- 4.06%
- 3Y*
- 23.74%
- 5Y*
- 7.93%
- 10Y*
- 5.84%
BATS.L vs. AV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 7.56% | 56.35% | 37.24% | -23.51% | 28.17% | 9.10% | -9.61% | 38.29% | -47.15% | 13.39% |
AV.L Aviva plc | -6.88% | 56.69% | 16.76% | 5.64% | -18.84% | 30.80% | -19.79% | 18.65% | -22.84% | 8.48% |
Correlation
The correlation between BATS.L and AV.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.28 |
Fundamentals
BATS.L:
£97.89B
AV.L:
£22.86B
BATS.L:
£4.91
AV.L:
£0.49
BATS.L:
9.10
AV.L:
12.48
BATS.L:
0.34
AV.L:
0.44
BATS.L:
1.91
AV.L:
0.24
BATS.L:
2.04
AV.L:
2.36
BATS.L:
£51.48B
AV.L:
£80.81B
BATS.L:
£35.04B
AV.L:
£84.57B
BATS.L:
£17.11B
AV.L:
£2.85B
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Return for Risk
BATS.L vs. AV.L — Risk / Return Rank
BATS.L
AV.L
BATS.L vs. AV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco plc (BATS.L) and Aviva plc (AV.L). 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.
| BATS.L | AV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.05 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.33 | +2.21 |
| Martin ratioReturn relative to average drawdown | 6.13 | 0.76 | +5.37 |
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
| BATS.L | AV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.20 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.31 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.21 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.18 | +0.22 |
Drawdowns
BATS.L vs. AV.L - Drawdown Comparison
The maximum BATS.L drawdown since its inception was -54.44%, smaller than the maximum AV.L drawdown of -59.13%. Use the drawdown chart below to compare losses from any high point for BATS.L and AV.L.
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Drawdown Indicators
| BATS.L | AV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.44% | -59.13% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -12.23% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -12.83% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -39.21% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -54.44% | -59.13% | +4.69% |
Current DrawdownCurrent decline from peak | -9.94% | -8.30% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -16.08% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 5.33% | +0.36% |
Volatility
BATS.L vs. AV.L - Volatility Comparison
British American Tobacco plc (BATS.L) has a higher volatility of 10.04% compared to Aviva plc (AV.L) at 5.46%. This indicates that BATS.L's price experiences larger fluctuations and is considered to be riskier than AV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATS.L | AV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 5.46% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 15.98% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 20.18% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 25.94% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 27.65% | -3.73% |
Dividends
BATS.L vs. AV.L - Dividend Comparison
BATS.L's dividend yield for the trailing twelve months is around 5.40%, less than AV.L's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AV.L Aviva plc | 6.44% | 5.39% | 8.25% | 7.33% | 29.52% | 3.96% | 3.03% | 5.48% | 5.74% | 3.64% | 2.56% | 2.12% |
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% | 0.00% | 0.00% |
Financials
BATS.L vs. AV.L - Financials Comparison
This section allows you to compare key financial metrics between British American Tobacco plc and Aviva 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
BATS.L vs. AV.L - Profitability Comparison
BATS.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported a gross profit of 8.28B and revenue of 13.54B. Therefore, the gross margin over that period was 61.1%.
AV.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a gross profit of 38.52B and revenue of 38.52B. Therefore, the gross margin over that period was 100.0%.
BATS.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported an operating income of 5.02B and revenue of 13.54B, resulting in an operating margin of 37.1%.
AV.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported an operating income of 576.00M and revenue of 38.52B, resulting in an operating margin of 1.5%.
BATS.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
AV.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a net income of 226.00M and revenue of 38.52B, resulting in a net margin of 0.6%.
Frequently Asked Questions
BATS.L and AV.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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