NG.L vs. BATS.L
NG.L (National Grid plc) and BATS.L (British American Tobacco plc) are both stocks. NG.L operates in Utilities - Regulated Electric (Utilities), while BATS.L operates in Tobacco (Consumer Defensive). Over the past 10 years, NG.L returned 7.83%/yr vs 7.31%/yr for BATS.L. At a 0.38 correlation, their price movements are largely independent.
Performance
NG.L vs. BATS.L - Performance Comparison
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Returns By Period
In the year-to-date period, NG.L achieves a 8.08% return, which is significantly higher than BATS.L's 7.56% return. Over the past 10 years, NG.L has outperformed BATS.L with an annualized return of 7.83%, while BATS.L has yielded a comparatively lower 7.31% annualized return.
NG.L
- 1D
- -1.23%
- 1M
- -3.43%
- YTD
- 8.08%
- 6M
- 8.65%
- 1Y
- 20.62%
- 3Y*
- 12.91%
- 5Y*
- 12.54%
- 10Y*
- 7.83%
BATS.L
- 1D
- 1.48%
- 1M
- 4.73%
- YTD
- 7.56%
- 6M
- 6.51%
- 1Y
- 34.97%
- 3Y*
- 29.92%
- 5Y*
- 18.46%
- 10Y*
- 7.31%
NG.L vs. BATS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NG.L National Grid plc | 8.08% | 25.50% | 3.80% | 11.91% | -2.57% | 27.27% | -4.19% | 30.69% | -9.07% | -3.65% |
BATS.L British American Tobacco plc | 7.56% | 56.35% | 37.24% | -23.51% | 28.17% | 9.10% | -9.61% | 38.29% | -47.15% | 13.39% |
Correlation
The correlation between NG.L and BATS.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2006 | 0.38 |
The correlation between NG.L and BATS.L shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NG.L:
£59.84B
BATS.L:
£97.89B
NG.L:
£1.24
BATS.L:
£4.91
NG.L:
9.72
BATS.L:
9.10
NG.L:
0.23
BATS.L:
0.34
NG.L:
1.65
BATS.L:
1.91
NG.L:
1.52
BATS.L:
2.04
NG.L:
£36.07B
BATS.L:
£51.48B
NG.L:
£29.59B
BATS.L:
£35.04B
NG.L:
£14.89B
BATS.L:
£17.11B
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Return for Risk
NG.L vs. BATS.L — Risk / Return Rank
NG.L
BATS.L
NG.L vs. BATS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Grid plc (NG.L) and British American Tobacco plc (BATS.L). 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.
| NG.L | BATS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.54 | -1.19 |
| Martin ratioReturn relative to average drawdown | 4.16 | 6.13 | -1.98 |
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
| NG.L | BATS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.53 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.90 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.31 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.09 |
Drawdowns
NG.L vs. BATS.L - Drawdown Comparison
The maximum NG.L drawdown since its inception was -37.82%, smaller than the maximum BATS.L drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for NG.L and BATS.L.
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Drawdown Indicators
| NG.L | BATS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.82% | -54.44% | +16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.14% | -13.70% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -14.78% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.57% | -29.68% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -30.48% | -54.44% | +23.96% |
Current DrawdownCurrent decline from peak | -11.88% | -9.94% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -15.17% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 5.69% | -0.74% |
Volatility
NG.L vs. BATS.L - Volatility Comparison
National Grid plc (NG.L) and British American Tobacco plc (BATS.L) have volatilities of 10.52% and 10.04%, 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
| NG.L | BATS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 10.04% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | 18.26% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 22.75% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 20.57% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 23.92% | -3.51% |
Dividends
NG.L vs. BATS.L - Dividend Comparison
NG.L's dividend yield for the trailing twelve months is around 4.03%, less than BATS.L's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% | 0.00% | 0.00% |
NG.L National Grid plc | 4.03% | 4.14% | 5.79% | 5.39% | 3.85% | 3.47% | 4.89% | 4.91% | 4.53% | 15.43% | 4.97% | 5.01% |
Financials
NG.L vs. BATS.L - Financials Comparison
This section allows you to compare key financial metrics between National Grid plc and British American Tobacco plc. 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
NG.L vs. BATS.L - Profitability Comparison
NG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a gross profit of 4.15B and revenue of 10.62B. Therefore, the gross margin over that period was 39.0%.
BATS.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported a gross profit of 8.28B and revenue of 13.54B. Therefore, the gross margin over that period was 61.1%.
NG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported an operating income of 4.15B and revenue of 10.62B, resulting in an operating margin of 39.0%.
BATS.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported an operating income of 5.02B and revenue of 13.54B, resulting in an operating margin of 37.1%.
NG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a net income of 2.62B and revenue of 10.62B, resulting in a net margin of 24.7%.
BATS.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco plc reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
Frequently Asked Questions
NG.L and BATS.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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