OI vs. SMG

Last updated Jun 4, 2026

OI (O-I Glass, Inc.) and SMG (The Scotts Miracle-Gro Company) are both stocks. OI operates in Packaging & Containers (Consumer Cyclical), while SMG operates in Agricultural Inputs (Basic Materials). Over the past 10 years, OI returned -8.32%/yr vs 1.19%/yr for SMG. At a 0.30 correlation, their price movements are largely independent.

Performance

OI vs. SMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in O-I Glass, Inc. (OI) and The Scotts Miracle-Gro Company (SMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OI achieves a -46.00% return, which is significantly lower than SMG's -0.32% return. Over the past 10 years, OI has underperformed SMG with an annualized return of -8.32%, while SMG has yielded a comparatively higher 1.19% annualized return.

OI

• 1D: -1.12%
• 1M: -12.03%
• YTD: -46.00%
• 6M: -42.91%
• 1Y: -38.46%
• 3Y*: -28.70%
• 5Y*: -16.16%
• 10Y*: -8.32%

SMG

• 1D: 0.97%
• 1M: -3.00%
• YTD: -0.32%
• 6M: 2.87%
• 1Y: 3.33%
• 3Y*: -0.94%
• 5Y*: -19.32%
• 10Y*: 1.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OI vs. SMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OI O-I Glass, Inc.	-46.00%	36.16%	-33.82%	-1.15%	37.74%	1.09%	0.16%	-29.69%	-22.24%	27.34%
SMG The Scotts Miracle-Gro Company	-0.32%	-8.01%	8.28%	36.92%	-68.81%	-18.03%	96.18%	77.05%	-41.00%	14.46%

Correlation

The correlation between OI and SMG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 3, 1992	0.30

The correlation between OI and SMG shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OI : $1.22B SMG : $3.37B
EPS OI : -$0.96 SMG : $1.90
PS Ratio OI : 0.19 SMG : 0.98
Total Revenue (TTM) OI : $6.40B SMG : $3.39B
Gross Profit (TTM) OI : $1.03B SMG : $1.10B
EBITDA (TTM) OI : $657.00M SMG : $493.90M

Return for Risk

OI vs. SMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OI

OI Risk / Return Rank: 9
OI Sharpe Ratio Rank: 8
OI Sortino Ratio Rank: 10
OI Omega Ratio Rank: 10
OI Calmar Ratio Rank: 13
OI Martin Ratio Rank: 4

SMG

SMG Risk / Return Rank: 41
SMG Sharpe Ratio Rank: 43
SMG Sortino Ratio Rank: 38
SMG Omega Ratio Rank: 38
SMG Calmar Ratio Rank: 43
SMG Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OI vs. SMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O-I Glass, Inc. (OI) and The Scotts Miracle-Gro Company (SMG). 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.

	OI	SMG	Difference
Sharpe ratio Return per unit of total volatility	-0.84	0.09	-0.93
Sortino ratio Return per unit of downside risk	-1.06	0.39	-1.45
Omega ratio Gain probability vs. loss probability	0.86	1.05	-0.18
Calmar ratio Return relative to maximum drawdown	-0.74	0.14	-0.88
Martin ratio Return relative to average drawdown	-1.62	0.26	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OI vs. SMG - Sharpe Ratio Comparison

The current OI Sharpe Ratio is -0.84, which is lower than the SMG Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of OI and SMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OI	SMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	0.09	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.42	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	0.03	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.21	-0.22

Drawdowns

OI vs. SMG - Drawdown Comparison

The maximum OI drawdown since its inception was -94.73%, which is greater than SMG's maximum drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for OI and SMG.

Drawdown Indicators

	OI	SMG	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-83.55%	-11.18%
Max Drawdown (1Y) Largest decline over 1 year	-52.07%	-23.85%	-28.22%
Max Drawdown (3Y) Largest decline over 3 years	-65.88%	-47.42%	-18.46%
Max Drawdown (5Y) Largest decline over 5 years	-66.00%	-79.89%	+13.89%
Max Drawdown (10Y) Largest decline over 10 years	-81.56%	-83.55%	+1.99%
Current Drawdown Current decline from peak	-86.42%	-72.67%	-13.75%
Average Drawdown Average peak-to-trough decline	-53.20%	-21.13%	-32.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.83%	13.05%	+10.78%

Volatility

OI vs. SMG - Volatility Comparison

O-I Glass, Inc. (OI) has a higher volatility of 14.01% compared to The Scotts Miracle-Gro Company (SMG) at 10.78%. This indicates that OI's price experiences larger fluctuations and is considered to be riskier than SMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OI	SMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	10.78%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	36.43%	26.71%	+9.72%
Volatility (1Y) Calculated over the trailing 1-year period	46.12%	35.74%	+10.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.26%	46.27%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.47%	40.38%	+8.09%

Dividends

OI vs. SMG - Dividend Comparison

OI has not paid dividends to shareholders, while SMG's dividend yield for the trailing twelve months is around 4.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OI O-I Glass, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	1.68%	0.00%	0.00%	0.00%	0.00%
SMG The Scotts Miracle-Gro Company	4.63%	4.52%	3.98%	4.14%	5.43%	1.59%	3.72%	2.13%	3.51%	1.93%	2.03%	2.85%

Financials

OI vs. SMG - Profitability Comparison

The chart below illustrates the profitability comparison between O-I Glass, Inc. and The Scotts Miracle-Gro Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported a gross profit of 199.00M and revenue of 1.54B. Therefore, the gross margin over that period was 12.9%.

SMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported a gross profit of 610.50M and revenue of 1.46B. Therefore, the gross margin over that period was 41.8%.

OI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported an operating income of 91.00M and revenue of 1.54B, resulting in an operating margin of 5.9%.

SMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported an operating income of 401.80M and revenue of 1.46B, resulting in an operating margin of 27.5%.

OI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, O-I Glass, Inc. reported a net income of -35.00M and revenue of 1.54B, resulting in a net margin of -2.3%.

SMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported a net income of 238.60M and revenue of 1.46B, resulting in a net margin of 16.4%.

Frequently Asked Questions

Can I hold both OI and SMG in my portfolio?

OI and SMG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OI or SMG?

OI has higher volatility (14.01%) compared to SMG (10.78%). In terms of maximum drawdown, OI dropped -94.73% vs SMG's -83.55%.

Which has better risk-adjusted returns?

SMG currently has the higher Sharpe Ratio (0.09 vs -0.84), 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.