BUD vs. DEO

Last updated Apr 1, 2026

Compare and contrast key facts about Anheuser-Busch InBev SA/NV (BUD) and Diageo plc (DEO).

Performance

BUD vs. DEO - Performance Comparison

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

BUD vs. DEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUD Anheuser-Busch InBev SA/NV	8.32%	30.33%	-21.37%	9.04%	0.09%	-12.66%	-13.97%	27.69%	-38.79%	9.62%
DEO Diageo plc	-13.70%	-29.31%	-10.09%	-16.28%	-17.40%	41.72%	-3.26%	21.39%	-0.43%	44.13%

Fundamentals

Market Cap BUD : $137.19B DEO : $41.52B
EPS BUD : $6.15 DEO : $9.85
PE Ratio BUD : 11.28 DEO : 7.55
PEG Ratio BUD : 0.99 DEO : 2.17
PS Ratio BUD : 1.14 DEO : 1.11
PB Ratio BUD : 1.57 DEO : 4.82
Total Revenue (TTM) BUD : $120.38B DEO : $37.37B
Gross Profit (TTM) BUD : $67.02B DEO : $22.42B
EBITDA (TTM) BUD : $35.48B DEO : $10.72B

Returns By Period

In the year-to-date period, BUD achieves a 8.32% return, which is significantly higher than DEO's -13.70% return. Over the past 10 years, BUD has underperformed DEO with an annualized return of -3.67%, while DEO has yielded a comparatively higher -1.15% annualized return.

BUD

• 1D: 1.67%
• 1M: -14.31%
• YTD: 8.32%
• 6M: 16.70%
• 1Y: 14.83%
• 3Y*: 2.88%
• 5Y*: 3.01%
• 10Y*: -3.67%

DEO

• 1D: 1.36%
• 1M: -16.82%
• YTD: -13.70%
• 6M: -19.94%
• 1Y: -27.09%
• 3Y*: -23.51%
• 5Y*: -12.77%
• 10Y*: -1.15%

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

Return for Risk

BUD vs. DEO — Risk / Return Rank

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

BUD

BUD Risk / Return Rank: 58
BUD Sharpe Ratio Rank: 64
BUD Sortino Ratio Rank: 54
BUD Omega Ratio Rank: 57
BUD Calmar Ratio Rank: 58
BUD Martin Ratio Rank: 56

DEO

DEO Risk / Return Rank: 10
DEO Sharpe Ratio Rank: 8
DEO Sortino Ratio Rank: 11
DEO Omega Ratio Rank: 10
DEO Calmar Ratio Rank: 15
DEO Martin Ratio Rank: 6

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. DEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anheuser-Busch InBev SA/NV (BUD) and Diageo plc (DEO). 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.

	BUD	DEO	Difference
Sharpe ratio Return per unit of total volatility	0.60	-0.85	+1.46
Sortino ratio Return per unit of downside risk	0.88	-1.06	+1.94
Omega ratio Gain probability vs. loss probability	1.14	0.86	+0.28
Calmar ratio Return relative to maximum drawdown	0.68	-0.77	+1.45
Martin ratio Return relative to average drawdown	1.33	-1.68	+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.

BUD vs. DEO - Sharpe Ratio Comparison

The current BUD Sharpe Ratio is 0.60, which is higher than the DEO Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of BUD and DEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BUD	DEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	-0.85	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	-0.53	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	-0.05	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.28	-0.05

Correlation

The correlation between BUD and DEO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BUD vs. DEO - Dividend Comparison

BUD's dividend yield for the trailing twelve months is around 1.76%, less than DEO's 3.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUD Anheuser-Busch InBev SA/NV	1.76%	1.91%	1.74%	1.28%	0.88%	0.98%	0.79%	2.45%	5.15%	3.63%	5.41%	3.21%
DEO Diageo plc	3.38%	4.80%	3.26%	2.77%	2.16%	1.82%	2.29%	2.07%	2.51%	2.18%	3.00%	3.13%

Drawdowns

BUD vs. DEO - Drawdown Comparison

The maximum BUD drawdown since its inception was -70.02%, which is greater than DEO's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for BUD and DEO.

Drawdown Indicators

	BUD	DEO	Difference
Max Drawdown Largest peak-to-trough decline	-70.02%	-63.41%	-6.61%
Max Drawdown (1Y) Largest decline over 1 year	-20.36%	-35.75%	+15.39%
Max Drawdown (5Y) Largest decline over 5 years	-42.88%	-63.41%	+20.53%
Max Drawdown (10Y) Largest decline over 10 years	-70.02%	-63.41%	-6.61%
Current Drawdown Current decline from peak	-36.36%	-62.41%	+26.05%
Average Drawdown Average peak-to-trough decline	-23.40%	-12.71%	-10.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	16.37%	-5.87%

Volatility

BUD vs. DEO - Volatility Comparison

Anheuser-Busch InBev SA/NV (BUD) and Diageo plc (DEO) have volatilities of 6.90% and 6.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUD	DEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	6.63%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	14.60%	26.83%	-12.23%
Volatility (1Y) Calculated over the trailing 1-year period	24.66%	31.87%	-7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	24.27%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.46%	23.13%	+4.33%

Financials

BUD vs. DEO - Profitability Comparison

The chart below illustrates the profitability comparison between Anheuser-Busch InBev SA/NV and Diageo plc 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 Apr 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%.

DEO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Diageo plc reported a gross profit of 4.72B and revenue of 7.73B. Therefore, the gross margin over that period was 61.0%.

BUD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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%.

DEO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Diageo plc reported an operating income of 2.41B and revenue of 7.73B, resulting in an operating margin of 31.1%.

BUD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 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%.

DEO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Diageo plc reported a net income of 1.48B and revenue of 7.73B, resulting in a net margin of 19.1%.