BTI vs. GLEN.L
BTI (British American Tobacco p.l.c.) and GLEN.L (Glencore plc) are both stocks. BTI operates in Tobacco (Consumer Defensive), while GLEN.L operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, BTI returned 7.69%/yr vs 20.32%/yr for GLEN.L. At a 0.25 correlation, their price movements are largely independent.
Performance
BTI vs. GLEN.L - Performance Comparison
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Different Trading Currencies
BTI is traded in USD, while GLEN.L is traded in GBp. To make them comparable, the GLEN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTI achieves a 11.67% return, which is significantly lower than GLEN.L's 45.81% return. Over the past 10 years, BTI has underperformed GLEN.L with an annualized return of 7.69%, while GLEN.L has yielded a comparatively higher 20.32% annualized return.
BTI
- 1D
- 1.51%
- 1M
- -6.57%
- YTD
- 11.67%
- 6M
- 12.20%
- 1Y
- 35.30%
- 3Y*
- 34.54%
- 5Y*
- 17.96%
- 10Y*
- 7.69%
GLEN.L
- 1D
- 2.39%
- 1M
- -1.48%
- YTD
- 45.81%
- 6M
- 58.94%
- 1Y
- 106.32%
- 3Y*
- 15.24%
- 5Y*
- 16.73%
- 10Y*
- 20.32%
BTI vs. GLEN.L - 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% |
GLEN.L Glencore plc | 45.81% | 27.27% | -24.64% | -1.15% | 40.33% | 65.47% | 2.03% | -11.04% | -26.31% | 56.59% |
Correlation
The correlation between BTI and GLEN.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.25 |
The correlation between BTI and GLEN.L shifts across timeframes, from 0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BTI:
$136.67B
GLEN.L:
£71.06B
BTI:
£4.93
GLEN.L:
-$0.10
BTI:
1.99
GLEN.L:
0.20
BTI:
2.13
GLEN.L:
2.45
BTI:
£51.48B
GLEN.L:
$479.07B
BTI:
£42.82B
GLEN.L:
$11.90B
BTI:
£20.34B
GLEN.L:
$19.53B
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Return for Risk
BTI vs. GLEN.L — Risk / Return Rank
BTI
GLEN.L
BTI vs. GLEN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco p.l.c. (BTI) and Glencore plc (GLEN.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.
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 | GLEN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 7.07 | -4.45 |
| Martin ratioReturn relative to average drawdown | 5.89 | 21.94 | -16.05 |
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Drawdowns
BTI vs. GLEN.L - Drawdown Comparison
The maximum BTI drawdown since its inception was -64.11%, smaller than the maximum GLEN.L drawdown of -88.55%. Use the drawdown chart below to compare losses from any high point for BTI and GLEN.L.
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Drawdown Indicators
| BTI | GLEN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.11% | -88.55% | +24.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -14.96% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | -53.53% | +39.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.94% | -54.01% | +24.07% |
Max Drawdown (10Y)Largest decline over 10 years | -56.00% | -75.39% | +19.39% |
Current DrawdownCurrent decline from peak | -6.57% | -4.75% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -40.97% | +28.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 4.83% | +1.27% |
Volatility
BTI vs. GLEN.L - Volatility Comparison
The current volatility for British American Tobacco p.l.c. (BTI) is 7.53%, while Glencore plc (GLEN.L) has a volatility of 11.37%. This indicates that BTI experiences smaller price fluctuations and is considered to be less risky than GLEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTI | GLEN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 11.37% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 18.39% | 24.07% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 32.88% | -10.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 35.19% | -14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 38.23% | -14.03% |
Dividends
BTI vs. GLEN.L - Dividend Comparison
BTI's dividend yield for the trailing twelve months is around 4.95%, more than GLEN.L's 1.70% 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% |
GLEN.L Glencore plc | 1.70% | 1.84% | 2.87% | 8.72% | 5.58% | 3.08% | 0.00% | 6.70% | 5.16% | 1.37% | 0.00% | 0.00% |
Financials
BTI vs. GLEN.L - Financials Comparison
This section allows you to compare key financial metrics between British American Tobacco p.l.c. and Glencore 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
BTI vs. GLEN.L - 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%.
GLEN.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Glencore plc reported a gross profit of 3.44B and revenue of 130.73B. Therefore, the gross margin over that period was 2.6%.
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%.
GLEN.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Glencore plc reported an operating income of 2.18B and revenue of 130.73B, resulting in an operating margin of 1.7%.
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%.
GLEN.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Glencore plc reported a net income of 1.02B and revenue of 130.73B, resulting in a net margin of 0.8%.
Frequently Asked Questions
BTI and GLEN.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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