BTI vs. SHEL
BTI (British American Tobacco p.l.c.) and SHEL (Shell plc) are both stocks. BTI operates in Tobacco (Consumer Defensive), while SHEL operates in Oil & Gas Integrated (Energy). Over the past 10 years, BTI returned 6.81%/yr vs 10.03%/yr for SHEL. At a 0.38 correlation, their price movements are largely independent.
Performance
BTI vs. SHEL - Performance Comparison
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Returns By Period
In the year-to-date period, BTI achieves a 6.95% return, which is significantly lower than SHEL's 20.10% return. Over the past 10 years, BTI has underperformed SHEL with an annualized return of 6.81%, while SHEL has yielded a comparatively higher 10.03% 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%
SHEL
- 1D
- 1.46%
- 1M
- 4.13%
- YTD
- 20.10%
- 6M
- 21.39%
- 1Y
- 32.28%
- 3Y*
- 18.69%
- 5Y*
- 23.01%
- 10Y*
- 10.03%
BTI vs. SHEL - 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% |
SHEL Shell plc | 20.10% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
Correlation
The correlation between BTI and SHEL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
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 Jul 22, 2005 | 0.38 |
Over the past year, the correlation between BTI and SHEL has dropped to 0.11 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
BTI:
$130.90B
SHEL:
$247.11B
BTI:
$4.93
SHEL:
$6.39
BTI:
12.12
SHEL:
13.55
BTI:
0.45
SHEL:
0.68
BTI:
2.55
SHEL:
0.95
BTI:
2.73
SHEL:
1.42
BTI:
$51.48B
SHEL:
$266.82B
BTI:
$42.82B
SHEL:
$41.65B
BTI:
$20.34B
SHEL:
$57.44B
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Return for Risk
BTI vs. SHEL — Risk / Return Rank
BTI
SHEL
BTI vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco p.l.c. (BTI) and Shell plc (SHEL). 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 | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.00 | -0.64 |
| Martin ratioReturn relative to average drawdown | 5.39 | 8.40 | -3.01 |
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 | SHEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.54 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.92 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.33 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.22 | +0.36 |
Drawdowns
BTI vs. SHEL - Drawdown Comparison
The maximum BTI drawdown since its inception was -64.11%, smaller than the maximum SHEL drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for BTI and SHEL.
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Drawdown Indicators
| BTI | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.11% | -71.57% | +7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -10.81% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | -18.47% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -29.94% | -25.04% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -56.00% | -71.57% | +15.57% |
Current DrawdownCurrent decline from peak | -10.51% | -7.13% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -16.74% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 3.85% | +2.16% |
Volatility
BTI vs. SHEL - Volatility Comparison
British American Tobacco p.l.c. (BTI) has a higher volatility of 10.01% compared to Shell plc (SHEL) at 5.98%. This indicates that BTI's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTI | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 5.98% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.50% | 17.50% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 21.15% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 25.22% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 30.84% | -6.62% |
Dividends
BTI vs. SHEL - Dividend Comparison
BTI's dividend yield for the trailing twelve months is around 5.16%, more than SHEL's 3.41% 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% |
SHEL Shell plc | 3.41% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
BTI vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between British American Tobacco p.l.c. and Shell 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. SHEL - 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%.
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
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%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
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%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
Frequently Asked Questions
BTI and SHEL have a correlation of 0.11, 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 SHEL (5.98%). In terms of maximum drawdown, BTI dropped -64.11% vs SHEL's -71.57%.
SHEL currently has the higher Sharpe Ratio (1.54 vs 1.42), 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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