DEO vs. BUD
DEO (Diageo plc) and BUD (Anheuser-Busch InBev SA/NV) are both stocks. Both are in the Consumer Defensive sector — DEO in Beverages - Wineries & Distilleries, BUD in Beverages - Brewers. Over the past 10 years, DEO returned -0.10%/yr vs -1.97%/yr for BUD. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
DEO vs. BUD - Performance Comparison
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Returns By Period
In the year-to-date period, DEO achieves a -6.81% return, which is significantly lower than BUD's 28.09% return. Over the past 10 years, DEO has outperformed BUD with an annualized return of -0.10%, while BUD has yielded a comparatively lower -1.97% annualized return.
DEO
- 1D
- -1.07%
- 1M
- -7.59%
- YTD
- -6.81%
- 6M
- -7.46%
- 1Y
- -18.09%
- 3Y*
- -19.73%
- 5Y*
- -13.98%
- 10Y*
- -0.10%
BUD
- 1D
- 0.11%
- 1M
- -3.14%
- YTD
- 28.09%
- 6M
- 29.40%
- 1Y
- 15.55%
- 3Y*
- 14.09%
- 5Y*
- 2.93%
- 10Y*
- -1.97%
DEO vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | -6.81% | -29.31% | -10.09% | -16.28% | -17.40% | 41.72% | -3.26% | 21.39% | -0.43% | 44.13% |
BUD Anheuser-Busch InBev SA/NV | 28.09% | 30.33% | -21.37% | 9.04% | 0.09% | -12.66% | -13.97% | 27.69% | -38.79% | 9.62% |
Correlation
The correlation between DEO and BUD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.57 |
The correlation between DEO and BUD has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
Fundamentals
DEO:
$44.39B
BUD:
$159.86B
DEO:
£9.85
BUD:
$6.15
DEO:
6.11
BUD:
13.14
DEO:
1.75
BUD:
1.16
DEO:
0.90
BUD:
1.33
DEO:
3.90
BUD:
1.83
DEO:
£37.37B
BUD:
$120.38B
DEO:
£22.42B
BUD:
$67.02B
DEO:
£10.72B
BUD:
$35.48B
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Return for Risk
DEO vs. BUD — Risk / Return Rank
DEO
BUD
DEO vs. BUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diageo plc (DEO) and Anheuser-Busch InBev SA/NV (BUD). 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.
| DEO | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.14 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.78 | -1.29 |
| Martin ratioReturn relative to average drawdown | -0.89 | 1.46 | -2.35 |
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Drawdowns
DEO vs. BUD - Drawdown Comparison
The maximum DEO drawdown since its inception was -63.41%, smaller than the maximum BUD drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for DEO and BUD.
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Drawdown Indicators
| DEO | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.41% | -70.02% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -35.52% | -20.12% | -15.40% |
Max Drawdown (3Y)Largest decline over 3 years | -56.07% | -31.55% | -24.52% |
Max Drawdown (5Y)Largest decline over 5 years | -63.41% | -39.93% | -23.48% |
Max Drawdown (10Y)Largest decline over 10 years | -63.41% | -70.02% | +6.61% |
Current DrawdownCurrent decline from peak | -59.41% | -24.74% | -34.67% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -23.45% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.32% | 10.70% | +9.62% |
Volatility
DEO vs. BUD - Volatility Comparison
Diageo plc (DEO) has a higher volatility of 7.11% compared to Anheuser-Busch InBev SA/NV (BUD) at 6.75%. This indicates that DEO's price experiences larger fluctuations and is considered to be riskier than BUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEO | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 6.75% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 26.63% | 18.03% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.29% | 26.55% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.78% | 24.89% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 27.65% | -4.26% |
Dividends
DEO vs. BUD - Dividend Comparison
DEO's dividend yield for the trailing twelve months is around 4.17%, more than BUD's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUD Anheuser-Busch InBev SA/NV | 1.66% | 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 | 4.17% | 4.80% | 3.26% | 2.77% | 2.16% | 1.82% | 2.29% | 2.07% | 2.51% | 2.18% | 3.00% | 3.13% |
Financials
DEO vs. BUD - Financials Comparison
This section allows you to compare key financial metrics between Diageo plc and Anheuser-Busch InBev SA/NV. 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
DEO vs. BUD - Profitability Comparison
DEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - 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%.
DEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diageo plc reported an operating income of 2.41B and revenue of 7.73B, resulting in an operating margin of 31.1%.
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%.
DEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diageo plc reported a net income of 1.48B and revenue of 7.73B, resulting in a net margin of 19.1%.
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%.
Frequently Asked Questions
DEO and BUD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEO has higher volatility (7.11%) compared to BUD (6.75%). In terms of maximum drawdown, DEO dropped -63.41% vs BUD's -70.02%.
BUD currently has the higher Sharpe Ratio (0.59 vs -0.56), 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.
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