BUD vs. BA.L
BUD (Anheuser-Busch InBev SA/NV) and BA.L (BAE Systems plc) are both stocks. BUD operates in Beverages - Brewers (Consumer Defensive), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, BUD returned -1.70%/yr vs 18.26%/yr for BA.L. At a 0.30 correlation, their price movements are largely independent.
Performance
BUD vs. BA.L - Performance Comparison
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Different Trading Currencies
BUD is traded in USD, while BA.L is traded in GBp. To make them comparable, the BA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BUD achieves a 31.39% return, which is significantly higher than BA.L's 12.20% return. Over the past 10 years, BUD has underperformed BA.L with an annualized return of -1.70%, while BA.L has yielded a comparatively higher 18.26% annualized return.
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%
BA.L
- 1D
- -1.78%
- 1M
- -0.68%
- YTD
- 12.20%
- 6M
- 13.86%
- 1Y
- -0.87%
- 3Y*
- 31.41%
- 5Y*
- 30.99%
- 10Y*
- 18.26%
BUD vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BA.L BAE Systems plc | 12.20% | 63.60% | 4.12% | 40.34% | 43.72% | 16.51% | -6.51% | 33.58% | -21.46% | 9.84% |
Correlation
The correlation between BUD and BA.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.30 |
Over the past year, the correlation between BUD and BA.L has dropped to 0.03 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
BUD:
$163.97B
BA.L:
£57.97B
BUD:
$6.15
BA.L:
£1.33
BUD:
13.48
BA.L:
14.41
BUD:
1.19
BA.L:
2.30
BUD:
1.37
BA.L:
1.06
BUD:
1.88
BA.L:
4.92
BUD:
$120.38B
BA.L:
£54.65B
BUD:
$67.02B
BA.L:
£4.75B
BUD:
$35.48B
BA.L:
£7.55B
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Return for Risk
BUD vs. BA.L — Risk / Return Rank
BUD
BA.L
BUD vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anheuser-Busch InBev SA/NV (BUD) and BAE Systems plc (BA.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.
| BUD | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.07 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.66 | 0.16 | +1.50 |
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Drawdowns
BUD vs. BA.L - Drawdown Comparison
The maximum BUD drawdown since its inception was -70.02%, which is greater than BA.L's maximum drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for BUD and BA.L.
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Drawdown Indicators
| BUD | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.02% | -57.18% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -20.12% | -22.64% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.55% | -22.64% | -8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -22.64% | -19.70% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -41.57% | -28.45% |
Current DrawdownCurrent decline from peak | -22.81% | -16.88% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -23.45% | -18.53% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 10.00% | +0.86% |
Volatility
BUD vs. BA.L - Volatility Comparison
The current volatility for Anheuser-Busch InBev SA/NV (BUD) is 6.20%, while BAE Systems plc (BA.L) has a volatility of 9.11%. This indicates that BUD experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUD | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 9.11% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 24.23% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.38% | 30.85% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.90% | 27.07% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 26.84% | +0.81% |
Dividends
BUD vs. BA.L - Dividend Comparison
BUD's dividend yield for the trailing twelve months is around 1.62%, less than BA.L's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.90% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
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
BUD vs. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Anheuser-Busch InBev SA/NV and BAE Systems 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
BUD vs. BA.L - Profitability Comparison
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%.
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
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%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
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%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
Frequently Asked Questions
BUD and BA.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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