JNJ vs. PM
JNJ (Johnson & Johnson) and PM (Philip Morris International Inc.) are both stocks. JNJ operates in Drug Manufacturers - General (Healthcare), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, JNJ returned 10.21%/yr vs 11.28%/yr for PM. At a 0.41 correlation, their price movements are largely independent.
Performance
JNJ vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, JNJ achieves a 13.72% return, which is significantly higher than PM's 12.15% return. Over the past 10 years, JNJ has underperformed PM with an annualized return of 10.21%, while PM has yielded a comparatively higher 11.28% annualized return.
JNJ
- 1D
- 2.02%
- 1M
- 4.22%
- YTD
- 13.72%
- 6M
- 16.55%
- 1Y
- 55.27%
- 3Y*
- 17.11%
- 5Y*
- 10.05%
- 10Y*
- 10.21%
PM
- 1D
- 1.89%
- 1M
- 4.55%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.45%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
JNJ vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 13.72% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between JNJ and PM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.41 |
The correlation between JNJ and PM shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
Fundamentals
JNJ:
$569.17B
PM:
$278.64B
JNJ:
$8.65
PM:
$7.12
JNJ:
26.92
PM:
25.05
JNJ:
0.90
PM:
2.72
JNJ:
5.88
PM:
6.70
JNJ:
$96.36B
PM:
$41.49B
JNJ:
$66.60B
PM:
$27.93B
JNJ:
$31.62B
PM:
$17.74B
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Return for Risk
JNJ vs. PM — Risk / Return Rank
JNJ
PM
JNJ vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) and Philip Morris International Inc. (PM). 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.
| JNJ | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.24 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.03 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 0.07 | +5.00 |
| Martin ratioReturn relative to average drawdown | 15.08 | 0.14 | +14.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JNJ | PM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 0.05 | +3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.81 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.53 | +0.01 |
Drawdowns
JNJ vs. PM - Drawdown Comparison
The maximum JNJ drawdown since its inception was -50.67%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for JNJ and PM.
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Drawdown Indicators
| JNJ | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -42.87% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -20.64% | +9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -20.64% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -22.78% | +4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -42.87% | +15.50% |
Current DrawdownCurrent decline from peak | -5.81% | -7.07% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -10.03% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 10.78% | -7.10% |
Volatility
JNJ vs. PM - Volatility Comparison
The current volatility for Johnson & Johnson (JNJ) is 5.90%, while Philip Morris International Inc. (PM) has a volatility of 9.65%. This indicates that JNJ experiences smaller price fluctuations and is considered to be less risky than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNJ | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 9.65% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 20.91% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 27.60% | -10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 22.70% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 24.44% | -5.98% |
Dividends
JNJ vs. PM - Dividend Comparison
JNJ's dividend yield for the trailing twelve months is around 2.25%, less than PM's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.25% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
JNJ vs. PM - Financials Comparison
This section allows you to compare key financial metrics between Johnson & Johnson and Philip Morris International Inc.. 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
JNJ vs. PM - Profitability Comparison
JNJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
JNJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
JNJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
JNJ and PM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (9.65%) compared to JNJ (5.90%). In terms of maximum drawdown, JNJ dropped -50.67% vs PM's -42.87%.
JNJ currently has the higher Sharpe Ratio (3.30 vs 0.05), 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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