BTI vs. ITUB
BTI (British American Tobacco p.l.c.) and ITUB (Itaú Unibanco Holding S.A.) are both stocks. BTI operates in Tobacco (Consumer Defensive), while ITUB operates in Banks - Regional (Financial Services). Over the past 10 years, BTI returned 6.81%/yr vs 17.09%/yr for ITUB. At a 0.31 correlation, their price movements are largely independent.
Performance
BTI vs. ITUB - Performance Comparison
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Returns By Period
In the year-to-date period, BTI achieves a 6.95% return, which is significantly higher than ITUB's 4.97% return. Over the past 10 years, BTI has underperformed ITUB with an annualized return of 6.81%, while ITUB has yielded a comparatively higher 17.09% annualized return.
BTI
- 1D
- -0.05%
- 1M
- 2.42%
- YTD
- 6.95%
- 6M
- 6.89%
- 1Y
- 32.33%
- 3Y*
- 32.33%
- 5Y*
- 17.04%
- 10Y*
- 6.81%
ITUB
- 1D
- -1.46%
- 1M
- -11.19%
- YTD
- 4.97%
- 6M
- 8.31%
- 1Y
- 27.73%
- 3Y*
- 23.62%
- 5Y*
- 21.08%
- 10Y*
- 17.09%
BTI vs. ITUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 6.95% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
ITUB Itaú Unibanco Holding S.A. | 4.97% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
Correlation
The correlation between BTI and ITUB 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2002 | 0.31 |
Fundamentals
BTI:
$130.90B
ITUB:
$82.61B
BTI:
$4.93
ITUB:
$4.00
BTI:
12.12
ITUB:
1.86
BTI:
0.45
ITUB:
0.18
BTI:
2.55
ITUB:
0.22
BTI:
2.73
ITUB:
0.38
BTI:
$51.48B
ITUB:
$384.43B
BTI:
$42.82B
ITUB:
$131.20B
BTI:
$20.34B
ITUB:
$54.38B
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Return for Risk
BTI vs. ITUB — Risk / Return Rank
BTI
ITUB
BTI vs. ITUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco p.l.c. (BTI) and Itaú Unibanco Holding S.A. (ITUB). 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.
| BTI | ITUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.29 | +1.07 |
| Martin ratioReturn relative to average drawdown | 5.39 | 3.56 | +1.83 |
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
| BTI | ITUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.90 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.63 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.45 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.33 | +0.25 |
Drawdowns
BTI vs. ITUB - Drawdown Comparison
The maximum BTI drawdown since its inception was -64.11%, smaller than the maximum ITUB drawdown of -69.35%. Use the drawdown chart below to compare losses from any high point for BTI and ITUB.
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Drawdown Indicators
| BTI | ITUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.11% | -69.35% | +5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -21.53% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | -28.17% | +14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.94% | -31.59% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -56.00% | -61.96% | +5.96% |
Current DrawdownCurrent decline from peak | -10.51% | -21.53% | +11.02% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -21.02% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 7.81% | -1.80% |
Volatility
BTI vs. ITUB - Volatility Comparison
British American Tobacco p.l.c. (BTI) has a higher volatility of 10.01% compared to Itaú Unibanco Holding S.A. (ITUB) at 9.40%. This indicates that BTI's price experiences larger fluctuations and is considered to be riskier than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTI | ITUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 9.40% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.50% | 25.62% | -7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 30.93% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 33.89% | -12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 38.48% | -14.26% |
Dividends
BTI vs. ITUB - Dividend Comparison
BTI's dividend yield for the trailing twelve months is around 5.16%, less than ITUB's 8.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 5.16% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
ITUB Itaú Unibanco Holding S.A. | 8.58% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
Financials
BTI vs. ITUB - Financials Comparison
This section allows you to compare key financial metrics between British American Tobacco p.l.c. and Itaú Unibanco Holding S.A.. 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. ITUB - 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%.
ITUB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a gross profit of 32.47B and revenue of 94.91B. Therefore, the gross margin over that period was 34.2%.
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%.
ITUB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported an operating income of 12.47B and revenue of 94.91B, resulting in an operating margin of 13.1%.
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%.
ITUB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a net income of 11.42B and revenue of 94.91B, resulting in a net margin of 12.0%.
Frequently Asked Questions
BTI and ITUB 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.
BTI has higher volatility (10.01%) compared to ITUB (9.40%). In terms of maximum drawdown, BTI dropped -64.11% vs ITUB's -69.35%.
BTI currently has the higher Sharpe Ratio (1.42 vs 0.90), 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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