OTLY vs. BYND

Last updated Jun 26, 2026

OTLY (Oatly Group AB) and BYND (Beyond Meat, Inc.) are both stocks. Both are in the Consumer Defensive sector — OTLY in Beverages - Non-Alcoholic, BYND in Packaged Foods. Over the past 5 years, OTLY returned -55.23%/yr vs -65.88%/yr for BYND. At a 0.39 correlation, their price movements are largely independent.

Performance

OTLY vs. BYND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oatly Group AB (OTLY) and Beyond Meat, Inc. (BYND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OTLY achieves a -17.87% return, which is significantly lower than BYND's -16.55% return.

OTLY

• 1D: 2.81%
• 1M: -11.94%
• YTD: -17.87%
• 6M: -23.25%
• 1Y: -26.65%
• 3Y*: -37.75%
• 5Y*: -55.23%
• 10Y*: —

BYND

• 1D: 0.38%
• 1M: -10.94%
• YTD: -16.55%
• 6M: -30.63%
• 1Y: -79.39%
• 3Y*: -61.46%
• 5Y*: -65.88%
• 10Y*: —

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

OTLY vs. BYND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OTLY Oatly Group AB	-17.87%	-19.36%	-43.83%	-32.18%	-78.14%	-64.01%
BYND Beyond Meat, Inc.	-16.55%	-78.19%	-57.75%	-27.70%	-81.11%	-37.23%

Correlation

The correlation between OTLY and BYND is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 20, 2021	0.39

The correlation between OTLY and BYND shifts across timeframes, from 0.28 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OTLY : $274.16M BYND : $326.94M
EPS OTLY : -$4.97 BYND : $1.03
PS Ratio OTLY : 0.30 BYND : 0.52
PB Ratio OTLY : 77.60 BYND : 4.37
Total Revenue (TTM) OTLY : $893.25M BYND : $275.50M
Gross Profit (TTM) OTLY : $291.07M BYND : $7.65M
EBITDA (TTM) OTLY : -$70.91M BYND : -$290.85M

Return for Risk

OTLY vs. BYND — Risk / Return Rank

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

OTLY

OTLY Risk / Return Rank: 25
OTLY Sharpe Ratio Rank: 23
OTLY Sortino Ratio Rank: 24
OTLY Omega Ratio Rank: 25
OTLY Calmar Ratio Rank: 27
OTLY Martin Ratio Rank: 28

BYND

BYND Risk / Return Rank: 27
BYND Sharpe Ratio Rank: 29
BYND Sortino Ratio Rank: 42
BYND Omega Ratio Rank: 42
BYND Calmar Ratio Rank: 7
BYND Martin Ratio Rank: 18

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.

OTLY vs. BYND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oatly Group AB (OTLY) and Beyond Meat, Inc. (BYND). 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.

	OTLY	BYND	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	-0.34	-0.13
Sortino ratio: Return per unit of downside risk	-0.35	0.41	-0.76
Omega ratio: Gain probability vs. loss probability	0.96	1.05	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.47	-0.91	+0.43
Martin ratio: Return relative to average drawdown	-0.80	-1.16	+0.36

OTLY vs. BYND - Sharpe Ratio Comparison

The current OTLY Sharpe Ratio is -0.46, which is lower than the BYND Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of OTLY and BYND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OTLY vs. BYND - Drawdown Comparison

The maximum OTLY drawdown since its inception was -98.81%, roughly equal to the maximum BYND drawdown of -99.78%. Use the drawdown chart below to compare losses from any high point for OTLY and BYND.

Drawdown Indicators

	OTLY	BYND	Difference
Max Drawdown Largest peak-to-trough decline	-98.81%	-99.78%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-56.69%	-87.85%	+31.16%
Max Drawdown (3Y) Largest decline over 3 years	-84.87%	-97.06%	+12.19%
Max Drawdown (5Y) Largest decline over 5 years	-98.67%	-99.67%	+1.00%
Current Drawdown Current decline from peak	-98.47%	-99.71%	+1.24%
Average Drawdown Average peak-to-trough decline	-87.70%	-75.73%	-11.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.24%	68.21%	-34.97%

Volatility

OTLY vs. BYND - Volatility Comparison

Oatly Group AB (OTLY) and Beyond Meat, Inc. (BYND) have volatilities of 19.51% and 19.55%, 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.

Volatility by Period

	OTLY	BYND	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.51%	19.55%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	43.89%	74.59%	-30.70%
Volatility (1Y) Calculated over the trailing 1-year period	57.89%	236.88%	-178.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.72%	126.91%	-48.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.70%	117.02%	-38.32%

Dividends

OTLY vs. BYND - Dividend Comparison

Neither OTLY nor BYND has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both OTLY and BYND in my portfolio?

OTLY and BYND have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OTLY or BYND?

BYND has higher volatility (19.55%) compared to OTLY (19.51%). In terms of maximum drawdown, OTLY dropped -98.81% vs BYND's -99.78%.

Which has better risk-adjusted returns?

BYND currently has the higher Sharpe Ratio (-0.34 vs -0.46), 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.