BUD vs. CRON

Last updated Jun 13, 2026

BUD (Anheuser-Busch InBev SA/NV) and CRON (Cronos Group Inc.) are both stocks. BUD operates in Beverages - Brewers (Consumer Defensive), while CRON operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past 5 years, BUD returned 2.63%/yr vs -21.36%/yr for CRON. At a 0.22 correlation, their price movements are largely independent.

Performance

BUD vs. CRON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anheuser-Busch InBev SA/NV (BUD) and Cronos Group Inc. (CRON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUD achieves a 31.39% return, which is significantly higher than CRON's 1.90% 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%

CRON

• 1D: -2.55%
• 1M: 1.90%
• YTD: 1.90%
• 6M: -18.04%
• 1Y: 38.86%
• 3Y*: 15.05%
• 5Y*: -21.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUD vs. CRON - 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%
CRON Cronos Group Inc.	1.90%	30.20%	-3.35%	-17.72%	-35.20%	-43.52%	-9.52%	-26.18%	34.43%	600.87%

Correlation

The correlation between BUD and CRON 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	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 12, 2016	0.22

The correlation between BUD and CRON shifts across timeframes, from 0.11 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS BUD : $6.15 CRON : -$0.01
PS Ratio BUD : 1.37 CRON : 3.52
Total Revenue (TTM) BUD : $120.38B CRON : $220.07M
Gross Profit (TTM) BUD : $67.02B CRON : $68.18M
EBITDA (TTM) BUD : $35.48B CRON : $2.28M

Return for Risk

BUD vs. CRON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUD

BUD Risk / Return Rank: 61
BUD Sharpe Ratio Rank: 65
BUD Sortino Ratio Rank: 56
BUD Omega Ratio Rank: 62
BUD Calmar Ratio Rank: 62
BUD Martin Ratio Rank: 60

CRON

CRON Risk / Return Rank: 66
CRON Sharpe Ratio Rank: 67
CRON Sortino Ratio Rank: 68
CRON Omega Ratio Rank: 64
CRON Calmar Ratio Rank: 68
CRON Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUD vs. CRON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anheuser-Busch InBev SA/NV (BUD) and Cronos Group Inc. (CRON). 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	CRON	Difference
Sharpe ratio: Return per unit of total volatility	0.67	0.75	-0.08
Sortino ratio: Return per unit of downside risk	1.01	1.49	-0.49
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	0.88	1.29	-0.41
Martin ratio: Return relative to average drawdown	1.66	2.27	-0.61

BUD vs. CRON - Sharpe Ratio Comparison

The current BUD Sharpe Ratio is 0.67, which is comparable to the CRON Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of BUD and CRON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUD vs. CRON - Drawdown Comparison

The maximum BUD drawdown since its inception was -70.02%, smaller than the maximum CRON drawdown of -93.16%. Use the drawdown chart below to compare losses from any high point for BUD and CRON.

Drawdown Indicators

	BUD	CRON	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-93.16%	+23.14%
Max Drawdown (1Y) Largest decline over 1 year	-20.12%	-26.91%	+6.79%
Max Drawdown (3Y) Largest decline over 3 years	-31.55%	-46.36%	+14.81%
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	-82.06%	+39.72%
Max Drawdown (10Y) Largest decline over 10 years	-70.02%	—	—
Current Drawdown Current decline from peak	-22.81%	-88.69%	+65.88%
Average Drawdown Average peak-to-trough decline	-23.45%	-63.61%	+40.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.86%	15.34%	-4.48%

Volatility

BUD vs. CRON - Volatility Comparison

The current volatility for Anheuser-Busch InBev SA/NV (BUD) is 6.20%, while Cronos Group Inc. (CRON) has a volatility of 9.44%. This indicates that BUD experiences smaller price fluctuations and is considered to be less risky than CRON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUD	CRON	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	9.44%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	17.97%	30.10%	-12.13%
Volatility (1Y) Calculated over the trailing 1-year period	26.38%	46.46%	-20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.90%	53.86%	-28.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.65%	74.63%	-46.98%

Dividends

BUD vs. CRON - Dividend Comparison

BUD's dividend yield for the trailing twelve months is around 1.62%, while CRON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CRON Cronos Group Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BUD vs. CRON - Profitability Comparison

The chart below illustrates the profitability comparison between Anheuser-Busch InBev SA/NV and Cronos Group Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CRON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a gross profit of 19.15M and revenue of 58.97M. Therefore, the gross margin over that period was 32.5%.

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%.

CRON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported an operating income of -1.83M and revenue of 58.97M, resulting in an operating margin of -3.1%.

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%.

CRON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a net income of 13.75M and revenue of 58.97M, resulting in a net margin of 23.3%.

Frequently Asked Questions

Can I hold both BUD and CRON in my portfolio?

BUD and CRON 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.

Which is riskier, BUD or CRON?

CRON has higher volatility (9.44%) compared to BUD (6.20%). In terms of maximum drawdown, BUD dropped -70.02% vs CRON's -93.16%.

Which has better risk-adjusted returns?

CRON currently has the higher Sharpe Ratio (0.75 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.