MO vs. BTI
MO (Altria Group, Inc.) and BTI (British American Tobacco p.l.c.) are both stocks. Both operate in the Tobacco industry within the Consumer Defensive sector. Over the past 10 years, MO returned 7.57%/yr vs 6.44%/yr for BTI. At a 0.31 correlation, their price movements are largely independent.
Performance
MO vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, MO achieves a 23.71% return, which is significantly higher than BTI's 5.56% return. Over the past 10 years, MO has outperformed BTI with an annualized return of 7.57%, while BTI has yielded a comparatively lower 6.44% annualized return.
MO
- 1D
- 0.25%
- 1M
- -5.07%
- YTD
- 23.71%
- 6M
- 25.08%
- 1Y
- 23.53%
- 3Y*
- 25.38%
- 5Y*
- 17.04%
- 10Y*
- 7.57%
BTI
- 1D
- -0.97%
- 1M
- -9.87%
- YTD
- 5.56%
- 6M
- 7.28%
- 1Y
- 27.37%
- 3Y*
- 31.35%
- 5Y*
- 17.35%
- 10Y*
- 6.44%
MO vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MO Altria Group, Inc. | 23.71% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
BTI British American Tobacco p.l.c. | 5.56% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between MO and BTI is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 1980 | 0.31 |
Over the past year, MO and BTI have become more correlated (0.52) than their long-term average of 0.31, meaning their price movements have been converging.
Fundamentals
MO:
$115.64B
BTI:
$129.19B
MO:
$4.79
BTI:
£4.93
MO:
14.42
BTI:
9.06
MO:
0.31
BTI:
0.34
MO:
5.32
BTI:
1.91
MO:
$21.82B
BTI:
£51.48B
MO:
$14.80B
BTI:
£42.82B
MO:
$11.70B
BTI:
£20.34B
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Return for Risk
MO vs. BTI — Risk / Return Rank
MO
BTI
MO vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Altria Group, Inc. (MO) 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.
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.
| MO | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.94 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.69 | 4.27 | -0.58 |
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Drawdowns
MO vs. BTI - Drawdown Comparison
The maximum MO drawdown since its inception was -65.43%, roughly equal to the maximum BTI drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for MO and BTI.
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Drawdown Indicators
| MO | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.43% | -64.11% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -13.75% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -13.75% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -29.94% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -53.69% | -56.00% | +2.31% |
Current DrawdownCurrent decline from peak | -5.90% | -11.68% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -12.93% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.23% | +0.31% |
Volatility
MO vs. BTI - Volatility Comparison
Altria Group, Inc. (MO) and British American Tobacco p.l.c. (BTI) have volatilities of 6.93% and 7.25%, 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
| MO | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 7.25% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 18.62% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 23.11% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 21.22% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.99% | 24.21% | -1.22% |
Dividends
MO vs. BTI - Dividend Comparison
MO's dividend yield for the trailing twelve months is around 6.13%, more than BTI's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 5.23% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
MO Altria Group, Inc. | 6.13% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Financials
MO vs. BTI - Financials Comparison
This section allows you to compare key financial metrics between Altria Group, Inc. and British American Tobacco p.l.c.. 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
MO vs. BTI - Profitability Comparison
MO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a gross profit of 3.51B and revenue of 5.43B. Therefore, the gross margin over that period was 64.6%.
BTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a gross profit of 11.30B and revenue of 13.54B. Therefore, the gross margin over that period was 83.4%.
MO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported an operating income of 2.96B and revenue of 5.43B, resulting in an operating margin of 54.5%.
BTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported an operating income of 4.93B and revenue of 13.54B, resulting in an operating margin of 36.4%.
MO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a net income of 2.18B and revenue of 5.43B, resulting in a net margin of 40.2%.
BTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
Frequently Asked Questions
MO and BTI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTI has higher volatility (7.25%) compared to MO (6.93%). In terms of maximum drawdown, MO dropped -65.43% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (1.15 vs 1.06), 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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