CUV.AX vs. BTI

Last updated Jun 4, 2026

CUV.AX (Clinuvel Pharmaceuticals Limited) and BTI (British American Tobacco p.l.c.) are both stocks. CUV.AX operates in Biotechnology (Healthcare), while BTI operates in Tobacco (Consumer Defensive). Over the past 10 years, CUV.AX returned 7.01%/yr vs 6.77%/yr for BTI. At a correlation of -0.00, they often move in opposite directions.

Performance

CUV.AX vs. BTI - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Clinuvel Pharmaceuticals Limited (CUV.AX) and British American Tobacco p.l.c. (BTI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CUV.AX is traded in AUD, while BTI is traded in USD. To make them comparable, the BTI values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CUV.AX achieves a -29.13% return, which is significantly lower than BTI's -1.68% return. Both investments have delivered pretty close results over the past 10 years, with CUV.AX having a 7.01% annualized return and BTI not far behind at 6.77%.

CUV.AX

• 1D: -1.89%
• 1M: -4.54%
• YTD: -29.13%
• 6M: -27.38%
• 1Y: -10.38%
• 3Y*: -21.15%
• 5Y*: -20.83%
• 10Y*: 7.01%

BTI

• 1D: -2.59%
• 1M: 1.00%
• YTD: -1.68%
• 6M: -2.97%
• 1Y: 21.55%
• 3Y*: 28.70%
• 5Y*: 19.09%
• 10Y*: 6.77%

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

CUV.AX vs. BTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CUV.AX Clinuvel Pharmaceuticals Limited	-29.13%	3.82%	-24.38%	-25.96%	-20.20%	21.99%	-21.45%	57.33%	121.24%	9.93%
BTI British American Tobacco p.l.c.	-1.68%	53.77%	49.07%	-19.91%	22.51%	14.28%	-13.09%	43.63%	-43.92%	14.92%

Correlation

The correlation between CUV.AX and BTI is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	-0.00

Return for Risk

CUV.AX vs. BTI — Risk / Return Rank

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

CUV.AX

CUV.AX Risk / Return Rank: 31
CUV.AX Sharpe Ratio Rank: 31
CUV.AX Sortino Ratio Rank: 30
CUV.AX Omega Ratio Rank: 30
CUV.AX Calmar Ratio Rank: 32
CUV.AX Martin Ratio Rank: 31

BTI

BTI Risk / Return Rank: 77
BTI Sharpe Ratio Rank: 81
BTI Sortino Ratio Rank: 76
BTI Omega Ratio Rank: 73
BTI Calmar Ratio Rank: 78
BTI Martin Ratio Rank: 77

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.

CUV.AX vs. BTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clinuvel Pharmaceuticals Limited (CUV.AX) and British American Tobacco p.l.c. (BTI). 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.

	CUV.AX	BTI	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	0.96	-1.19
Sortino ratio: Return per unit of downside risk	-0.03	1.46	-1.49
Omega ratio: Gain probability vs. loss probability	1.00	1.17	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.29	1.45	-1.74
Martin ratio: Return relative to average drawdown	-0.53	3.04	-3.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CUV.AX vs. BTI - Sharpe Ratio Comparison

The current CUV.AX Sharpe Ratio is -0.23, which is lower than the BTI Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of CUV.AX and BTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CUV.AX	BTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	0.96	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.94	-1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.29	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.42	-0.30

Drawdowns

CUV.AX vs. BTI - Drawdown Comparison

The maximum CUV.AX drawdown since its inception was -92.52%, which is greater than BTI's maximum drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for CUV.AX and BTI.

Drawdown Indicators

	CUV.AX	BTI	Difference
Max Drawdown Largest peak-to-trough decline	-92.52%	-51.72%	-40.80%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-14.96%	-20.57%
Max Drawdown (3Y) Largest decline over 3 years	-58.28%	-14.96%	-43.32%
Max Drawdown (5Y) Largest decline over 5 years	-79.57%	-24.96%	-54.61%
Max Drawdown (10Y) Largest decline over 10 years	-80.18%	-51.72%	-28.46%
Current Drawdown Current decline from peak	-80.08%	-11.51%	-68.57%
Average Drawdown Average peak-to-trough decline	-56.63%	-14.21%	-42.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.39%	7.10%	+12.29%

Volatility

CUV.AX vs. BTI - Volatility Comparison

The current volatility for Clinuvel Pharmaceuticals Limited (CUV.AX) is 8.82%, while British American Tobacco p.l.c. (BTI) has a volatility of 9.66%. This indicates that CUV.AX experiences smaller price fluctuations and is considered to be less risky than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUV.AX	BTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.82%	9.66%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	17.75%	+13.25%
Volatility (1Y) Calculated over the trailing 1-year period	44.40%	22.76%	+21.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.91%	20.52%	+26.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.81%	23.38%	+29.43%

Dividends

CUV.AX vs. BTI - Dividend Comparison

CUV.AX's dividend yield for the trailing twelve months is around 0.57%, less than BTI's 5.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTI British American Tobacco p.l.c.	5.26%	5.29%	8.18%	9.72%	7.23%	7.98%	7.22%	6.35%	8.53%	4.27%	3.85%	4.11%
CUV.AX Clinuvel Pharmaceuticals Limited	0.57%	0.40%	0.41%	0.31%	0.18%	0.09%	0.11%	0.09%	0.11%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CUV.AX and BTI in my portfolio?

CUV.AX and BTI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.