BTI vs. BUD
BTI (British American Tobacco p.l.c.) and BUD (Anheuser-Busch InBev SA/NV) are both stocks. Both are in the Consumer Defensive sector — BTI in Tobacco, BUD in Beverages - Brewers. Over the past 10 years, BTI returned 7.69%/yr vs -1.70%/yr for BUD. At a 0.47 correlation, their price movements are largely independent.
Performance
BTI vs. BUD - Performance Comparison
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Returns By Period
In the year-to-date period, BTI achieves a 11.67% return, which is significantly lower than BUD's 31.39% return. Over the past 10 years, BTI has outperformed BUD with an annualized return of 7.69%, while BUD has yielded a comparatively lower -1.70% annualized return.
BTI
- 1D
- 1.51%
- 1M
- -4.26%
- YTD
- 11.67%
- 6M
- 12.20%
- 1Y
- 35.30%
- 3Y*
- 34.54%
- 5Y*
- 17.96%
- 10Y*
- 7.69%
BUD
- 1D
- 0.78%
- 1M
- 2.46%
- YTD
- 31.39%
- 6M
- 32.01%
- 1Y
- 18.48%
- 3Y*
- 16.08%
- 5Y*
- 2.63%
- 10Y*
- -1.70%
BTI vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 11.67% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
BUD Anheuser-Busch InBev SA/NV | 31.39% | 30.33% | -21.37% | 9.04% | 0.09% | -12.66% | -13.97% | 27.69% | -38.79% | 9.62% |
Correlation
The correlation between BTI and BUD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
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 | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.47 |
The correlation between BTI and BUD shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BTI:
$136.67B
BUD:
$163.97B
BTI:
£4.93
BUD:
$6.15
BTI:
9.44
BUD:
13.48
BTI:
0.35
BUD:
1.19
BTI:
1.99
BUD:
1.37
BTI:
2.13
BUD:
1.88
BTI:
£51.48B
BUD:
$120.38B
BTI:
£42.82B
BUD:
$67.02B
BTI:
£20.34B
BUD:
$35.48B
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Return for Risk
BTI vs. BUD — Risk / Return Rank
BTI
BUD
BTI vs. BUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco p.l.c. (BTI) and Anheuser-Busch InBev SA/NV (BUD). 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.
| BTI | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.88 | +1.74 |
| Martin ratioReturn relative to average drawdown | 5.89 | 1.66 | +4.23 |
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Drawdowns
BTI vs. BUD - Drawdown Comparison
The maximum BTI drawdown since its inception was -64.11%, smaller than the maximum BUD drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for BTI and BUD.
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Drawdown Indicators
| BTI | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.11% | -70.02% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -20.12% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | -31.55% | +17.80% |
Max Drawdown (5Y)Largest decline over 5 years | -29.94% | -42.34% | +12.40% |
Max Drawdown (10Y)Largest decline over 10 years | -56.00% | -70.02% | +14.02% |
Current DrawdownCurrent decline from peak | -6.57% | -22.81% | +16.24% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -23.45% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 10.86% | -4.76% |
Volatility
BTI vs. BUD - Volatility Comparison
British American Tobacco p.l.c. (BTI) has a higher volatility of 7.53% compared to Anheuser-Busch InBev SA/NV (BUD) at 6.20%. This indicates that BTI's price experiences larger fluctuations and is considered to be riskier than BUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTI | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.20% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.39% | 17.97% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 26.38% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 24.90% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 27.65% | -3.45% |
Dividends
BTI vs. BUD - Dividend Comparison
BTI's dividend yield for the trailing twelve months is around 4.95%, more than BUD's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 4.95% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
BUD Anheuser-Busch InBev SA/NV | 1.62% | 1.91% | 1.74% | 1.28% | 0.88% | 0.98% | 0.79% | 2.45% | 5.15% | 3.63% | 5.41% | 3.21% |
Financials
BTI vs. BUD - Financials Comparison
This section allows you to compare key financial metrics between British American Tobacco p.l.c. and Anheuser-Busch InBev SA/NV. 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
BTI vs. BUD - Profitability Comparison
BTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a gross profit of 11.30B and revenue of 13.54B. Therefore, the gross margin over that period was 83.4%.
BUD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a gross profit of 17.10B and revenue of 30.61B. Therefore, the gross margin over that period was 55.9%.
BTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported an operating income of 4.93B and revenue of 13.54B, resulting in an operating margin of 36.4%.
BUD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported an operating income of 80.56M and revenue of 30.61B, resulting in an operating margin of 0.3%.
BTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
BUD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a net income of 3.01B and revenue of 30.61B, resulting in a net margin of 9.8%.
Frequently Asked Questions
BTI and BUD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTI has higher volatility (7.53%) compared to BUD (6.20%). In terms of maximum drawdown, BTI dropped -64.11% vs BUD's -70.02%.
BTI currently has the higher Sharpe Ratio (1.58 vs 0.67), 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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