BYND vs. OTLY

Last updated Jun 24, 2026

BYND (Beyond Meat, Inc.) and OTLY (Oatly Group AB) are both stocks. Both are in the Consumer Defensive sector — BYND in Packaged Foods, OTLY in Beverages - Non-Alcoholic. Over the past 5 years, BYND returned -65.75%/yr vs -55.89%/yr for OTLY. At a 0.39 correlation, their price movements are largely independent.

Performance

BYND vs. OTLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beyond Meat, Inc. (BYND) and Oatly Group AB (OTLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BYND achieves a -17.33% return, which is significantly higher than OTLY's -22.45% return.

BYND

• 1D: -2.92%
• 1M: -11.49%
• YTD: -17.33%
• 6M: -32.88%
• 1Y: -80.29%
• 3Y*: -62.55%
• 5Y*: -65.75%
• 10Y*: —

OTLY

• 1D: -0.24%
• 1M: -18.33%
• YTD: -22.45%
• 6M: -24.50%
• 1Y: -34.98%
• 3Y*: -38.82%
• 5Y*: -55.89%
• 10Y*: —

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

BYND vs. OTLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BYND Beyond Meat, Inc.	-17.33%	-78.19%	-57.75%	-27.70%	-81.11%	-37.23%
OTLY Oatly Group AB	-22.45%	-19.36%	-43.83%	-32.18%	-78.14%	-64.01%

Correlation

The correlation between BYND and OTLY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 20, 2021	0.39

The correlation between BYND and OTLY shifts across timeframes, from 0.28 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BYND : $323.89M OTLY : $258.86M
EPS BYND : $1.03 OTLY : -$4.97
PS Ratio BYND : 0.52 OTLY : 0.28
PB Ratio BYND : 4.33 OTLY : 73.27
Total Revenue (TTM) BYND : $275.50M OTLY : $893.25M
Gross Profit (TTM) BYND : $7.65M OTLY : $291.07M
EBITDA (TTM) BYND : -$290.85M OTLY : -$70.91M

Return for Risk

BYND vs. OTLY — Risk / Return Rank

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

BYND

BYND Risk / Return Rank: 26
BYND Sharpe Ratio Rank: 28
BYND Sortino Ratio Rank: 40
BYND Omega Ratio Rank: 40
BYND Calmar Ratio Rank: 6
BYND Martin Ratio Rank: 16

OTLY

OTLY Risk / Return Rank: 18
OTLY Sharpe Ratio Rank: 16
OTLY Sortino Ratio Rank: 18
OTLY Omega Ratio Rank: 19
OTLY Calmar Ratio Rank: 19
OTLY Martin Ratio Rank: 20

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.

BYND vs. OTLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beyond Meat, Inc. (BYND) and Oatly Group AB (OTLY). 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.

	BYND	OTLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	-0.61	+0.27
Sortino ratio: Return per unit of downside risk	0.36	-0.64	+1.00
Omega ratio: Gain probability vs. loss probability	1.05	0.93	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.92	-0.62	-0.30
Martin ratio: Return relative to average drawdown	-1.18	-1.06	-0.12

BYND vs. OTLY - Sharpe Ratio Comparison

The current BYND Sharpe Ratio is -0.34, which is higher than the OTLY Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of BYND and OTLY, 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

BYND vs. OTLY - Drawdown Comparison

The maximum BYND drawdown since its inception was -99.78%, roughly equal to the maximum OTLY drawdown of -98.81%. Use the drawdown chart below to compare losses from any high point for BYND and OTLY.

Drawdown Indicators

	BYND	OTLY	Difference
Max Drawdown Largest peak-to-trough decline	-99.78%	-98.81%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-87.85%	-56.69%	-31.16%
Max Drawdown (3Y) Largest decline over 3 years	-97.06%	-84.87%	-12.19%
Max Drawdown (5Y) Largest decline over 5 years	-99.67%	-98.67%	-1.00%
Current Drawdown Current decline from peak	-99.71%	-98.56%	-1.15%
Average Drawdown Average peak-to-trough decline	-75.70%	-87.68%	+11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.79%	32.92%	+34.87%

Volatility

BYND vs. OTLY - Volatility Comparison

Beyond Meat, Inc. (BYND) and Oatly Group AB (OTLY) have volatilities of 19.65% and 18.82%, 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

	BYND	OTLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.65%	18.82%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	74.98%	43.68%	+31.30%
Volatility (1Y) Calculated over the trailing 1-year period	236.88%	57.76%	+179.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.92%	78.72%	+48.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.08%	78.73%	+38.35%

Dividends

BYND vs. OTLY - Dividend Comparison

Neither BYND nor OTLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BYND and OTLY in my portfolio?

BYND and OTLY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BYND or OTLY?

BYND has higher volatility (19.65%) compared to OTLY (18.82%). In terms of maximum drawdown, BYND dropped -99.78% vs OTLY's -98.81%.

Which has better risk-adjusted returns?

BYND currently has the higher Sharpe Ratio (-0.34 vs -0.61), 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.