HEINY vs. BUD
HEINY (Heineken NV ADR) and BUD (Anheuser-Busch InBev SA/NV) are both stocks. Both operate in the Beverages - Brewers industry within the Consumer Defensive sector. Over the past 10 years, HEINY returned 1.75%/yr vs -1.47%/yr for BUD. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
HEINY vs. BUD - Performance Comparison
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Returns By Period
In the year-to-date period, HEINY achieves a 13.97% return, which is significantly lower than BUD's 37.04% return. Over the past 10 years, HEINY has outperformed BUD with an annualized return of 1.75%, while BUD has yielded a comparatively lower -1.47% annualized return.
HEINY
- 1D
- -0.54%
- 1M
- 4.20%
- 6M
- 12.95%
- YTD
- 13.97%
- 1Y
- 18.47%
- 3Y*
- 0.21%
- 5Y*
- -2.79%
- 10Y*
- 1.75%
- ALL TIME*
- 4.01%
BUD
- 1D
- 0.39%
- 1M
- 6.33%
- 6M
- 22.44%
- YTD
- 37.04%
- 1Y
- 54.14%
- 3Y*
- 16.88%
- 5Y*
- 8.06%
- 10Y*
- -1.47%
- ALL TIME*
- 7.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $165.34M | $154.22M | $166.35M | |
HEINY Heineken NV ADR | $3.02M | $6.83M | $4.80M |
HEINY vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEINY Heineken NV ADR | 13.97% | 18.20% | -29.20% | 10.55% | -15.50% | 2.22% | 5.70% | 23.24% | -14.46% | 41.15% |
BUD Anheuser-Busch InBev SA/NV | 37.04% | 30.33% | -21.37% | 9.04% | 0.09% | -12.66% | -13.97% | 27.69% | -38.79% | 9.62% |
Correlation
The correlation between HEINY and BUD is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012 | 0.60 |
The correlation between HEINY and BUD has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
Fundamentals
HEINY:
$50.74B
BUD:
$167.00B
HEINY:
€2.55
BUD:
$6.17
HEINY:
15.56
BUD:
14.01
HEINY:
0.76
BUD:
1.42
HEINY:
2.47
BUD:
1.96
HEINY:
€58.47B
BUD:
$120.38B
HEINY:
€17.32B
BUD:
$67.02B
HEINY:
€11.16B
BUD:
$35.48B
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Return for Risk
HEINY vs. BUD — Risk / Return Rank
HEINY
BUD
HEINY vs. BUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heineken NV ADR (HEINY) 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.
| HEINY | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.18 | -2.31 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.12 | -7.25 |
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Drawdowns
HEINY vs. BUD - Drawdown Comparison
The maximum HEINY drawdown since its inception was -43.42%, smaller than the maximum BUD drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for HEINY and BUD.
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Drawdown Indicators
| HEINY | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.42% | -70.02% | +26.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -16.64% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -36.38% | -31.55% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -41.57% | -33.15% | -8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | -70.02% | +26.60% |
Current DrawdownCurrent decline from peak | -18.37% | -19.48% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -23.45% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.70% | 5.78% | +3.92% |
Volatility
HEINY vs. BUD - Volatility Comparison
Heineken NV ADR (HEINY) and Anheuser-Busch InBev SA/NV (BUD) have volatilities of 6.94% and 6.75%, 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.
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Volatility by Period
| HEINY | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 6.75% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 19.08% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.38% | 26.73% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.68% | 24.86% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 27.56% | -4.46% |
Dividends
HEINY vs. BUD - Dividend Comparison
HEINY's dividend yield for the trailing twelve months is around 2.45%, more than BUD's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUD Anheuser-Busch InBev SA/NV | 1.56% | 1.91% | 1.74% | 1.28% | 0.88% | 0.98% | 0.79% | 2.45% | 5.15% | 3.63% | 5.41% | 3.21% |
HEINY Heineken NV ADR | 2.45% | 2.56% | 2.63% | 2.03% | 1.71% | 0.96% | 0.83% | 1.41% | 1.67% | 1.17% | 1.68% | 1.23% |
Financials
HEINY vs. BUD - Financials Comparison
This section allows you to compare key financial metrics between Heineken NV ADR 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
HEINY vs. BUD - Profitability Comparison
HEINY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Heineken NV ADR reported a gross profit of 1.87B and revenue of 14.47B. Therefore, the gross margin over that period was 12.9%.
BUD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
HEINY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Heineken NV ADR reported an operating income of 1.87B and revenue of 14.47B, resulting in an operating margin of 12.9%.
BUD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
HEINY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Heineken NV ADR reported a net income of 1.13B and revenue of 14.47B, resulting in a net margin of 7.8%.
BUD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
HEINY and BUD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEINY has higher volatility (6.94%) compared to BUD (6.75%). In terms of maximum drawdown, HEINY dropped -43.42% vs BUD's -70.02%.
BUD currently has the higher Sharpe Ratio (2.29 vs 0.83), 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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