BF-B vs. HSY
BF-B (Brown-Forman Corporation) and HSY (The Hershey Company) are both stocks. Both are in the Consumer Defensive sector — BF-B in Beverages - Wineries & Distilleries, HSY in Confectioners. Over the past 10 years, BF-B returned -2.17%/yr vs 8.77%/yr for HSY. At a 0.36 correlation, their price movements are largely independent.
Performance
BF-B vs. HSY - Performance Comparison
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Returns By Period
In the year-to-date period, BF-B achieves a 2.39% return, which is significantly higher than HSY's -1.96% return. Over the past 10 years, BF-B has underperformed HSY with an annualized return of -2.17%, while HSY has yielded a comparatively higher 8.77% annualized return.
BF-B
- 1D
- 1.07%
- 1M
- -4.48%
- YTD
- 2.39%
- 6M
- -11.50%
- 1Y
- -2.80%
- 3Y*
- -24.03%
- 5Y*
- -17.21%
- 10Y*
- -2.17%
HSY
- 1D
- -4.70%
- 1M
- -4.67%
- YTD
- -1.96%
- 6M
- -1.31%
- 1Y
- 12.00%
- 3Y*
- -9.14%
- 5Y*
- 2.85%
- 10Y*
- 8.77%
BF-B vs. HSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 2.39% | -29.29% | -32.23% | -11.91% | -8.86% | -6.07% | 18.67% | 43.78% | -10.98% | 55.01% |
HSY The Hershey Company | -1.96% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
Correlation
The correlation between BF-B and HSY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 1985 | 0.36 |
The correlation between BF-B and HSY shifts across timeframes, from 0.22 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BF-B:
$1.71
HSY:
$5.38
BF-B:
15.49
HSY:
32.72
BF-B:
3.20
HSY:
2.99
BF-B:
$3.91B
HSY:
$11.99B
BF-B:
$2.32B
HSY:
$4.17B
BF-B:
$1.19B
HSY:
$2.04B
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Return for Risk
BF-B vs. HSY — Risk / Return Rank
BF-B
HSY
BF-B vs. HSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown-Forman Corporation (BF-B) and The Hershey Company (HSY). 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.
| BF-B | HSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.48 | -0.59 |
| Martin ratioReturn relative to average drawdown | -0.25 | 1.26 | -1.51 |
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
| BF-B | HSY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.44 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.13 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.38 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | 0.00 |
Drawdowns
BF-B vs. HSY - Drawdown Comparison
The maximum BF-B drawdown since its inception was -68.96%, which is greater than HSY's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for BF-B and HSY.
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Drawdown Indicators
| BF-B | HSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.96% | -49.15% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -24.98% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -65.65% | -42.23% | -23.42% |
Max Drawdown (5Y)Largest decline over 5 years | -68.31% | -45.25% | -23.06% |
Max Drawdown (10Y)Largest decline over 10 years | -68.96% | -45.25% | -23.71% |
Current DrawdownCurrent decline from peak | -64.00% | -30.30% | -33.70% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -13.10% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 9.54% | +1.55% |
Volatility
BF-B vs. HSY - Volatility Comparison
The current volatility for Brown-Forman Corporation (BF-B) is 7.86%, while The Hershey Company (HSY) has a volatility of 9.70%. This indicates that BF-B experiences smaller price fluctuations and is considered to be less risky than HSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BF-B | HSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 9.70% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 31.44% | 19.99% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.33% | 27.64% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.94% | 22.75% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.02% | 23.44% | +4.58% |
Dividends
BF-B vs. HSY - Dividend Comparison
BF-B's dividend yield for the trailing twelve months is around 3.46%, more than HSY's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 3.46% | 3.49% | 2.32% | 1.46% | 1.17% | 2.37% | 0.88% | 0.99% | 3.10% | 1.09% | 1.54% | 1.29% |
HSY The Hershey Company | 3.21% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
Financials
BF-B vs. HSY - Financials Comparison
This section allows you to compare key financial metrics between Brown-Forman Corporation and The Hershey Company. 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
BF-B vs. HSY - Profitability Comparison
BF-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported a gross profit of 640.00M and revenue of 1.06B. Therefore, the gross margin over that period was 60.6%.
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
BF-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported an operating income of 343.00M and revenue of 1.06B, resulting in an operating margin of 32.5%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
BF-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported a net income of 267.00M and revenue of 1.06B, resulting in a net margin of 25.3%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
Frequently Asked Questions
BF-B and HSY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSY has higher volatility (9.70%) compared to BF-B (7.86%). In terms of maximum drawdown, BF-B dropped -68.96% vs HSY's -49.15%.
HSY currently has the higher Sharpe Ratio (0.44 vs -0.07), 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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