PENN vs. DEO
PENN (Penn National Gaming, Inc.) and DEO (Diageo plc) are both stocks. PENN operates in Resorts & Casinos (Consumer Cyclical), while DEO operates in Beverages - Wineries & Distilleries (Consumer Defensive). Over the past 10 years, PENN returned 4.00%/yr vs 0.50%/yr for DEO. At a 0.21 correlation, their price movements are largely independent.
Performance
PENN vs. DEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PENN achieves a 46.98% return, which is significantly higher than DEO's -4.24% return. Over the past 10 years, PENN has outperformed DEO with an annualized return of 4.00%, while DEO has yielded a comparatively lower 0.50% annualized return.
PENN
- 1D
- 2.22%
- 1M
- 33.83%
- YTD
- 46.98%
- 6M
- 51.82%
- 1Y
- 38.89%
- 3Y*
- -6.65%
- 5Y*
- -23.70%
- 10Y*
- 4.00%
DEO
- 1D
- 0.83%
- 1M
- 0.12%
- YTD
- -4.24%
- 6M
- -7.27%
- 1Y
- -19.48%
- 3Y*
- -19.42%
- 5Y*
- -13.55%
- 10Y*
- 0.50%
PENN vs. DEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PENN Penn National Gaming, Inc. | 46.98% | -25.58% | -23.83% | -12.39% | -42.72% | -39.97% | 237.91% | 35.74% | -39.90% | 127.19% |
DEO Diageo plc | -4.24% | -29.31% | -10.09% | -16.28% | -17.40% | 41.72% | -3.26% | 21.39% | -0.43% | 44.13% |
Correlation
The correlation between PENN and DEO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 13, 1996 | 0.21 |
Fundamentals
PENN:
$2.89B
DEO:
$45.62B
PENN:
-$6.84
DEO:
£9.85
PENN:
0.43
DEO:
0.91
PENN:
1.58
DEO:
3.95
PENN:
$7.07B
DEO:
£37.37B
PENN:
$2.10B
DEO:
£22.42B
PENN:
-$131.70M
DEO:
£10.72B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PENN vs. DEO — Risk / Return Rank
PENN
DEO
PENN vs. DEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn National Gaming, Inc. (PENN) and Diageo plc (DEO). 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.
| PENN | DEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.90 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.59 | +1.34 |
| Martin ratioReturn relative to average drawdown | 1.43 | -1.05 | +2.48 |
Loading charts...
Drawdowns
PENN vs. DEO - Drawdown Comparison
The maximum PENN drawdown since its inception was -91.38%, which is greater than DEO's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for PENN and DEO.
Loading charts...
Drawdown Indicators
| PENN | DEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -63.41% | -27.97% |
Max Drawdown (1Y)Largest decline over 1 year | -42.55% | -35.52% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -57.42% | -56.07% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -86.14% | -63.41% | -22.73% |
Max Drawdown (10Y)Largest decline over 10 years | -91.38% | -63.41% | -27.97% |
Current DrawdownCurrent decline from peak | -84.11% | -58.28% | -25.83% |
Average DrawdownAverage peak-to-trough decline | -33.91% | -13.02% | -20.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.12% | 19.98% | +2.14% |
Volatility
PENN vs. DEO - Volatility Comparison
Penn National Gaming, Inc. (PENN) has a higher volatility of 16.21% compared to Diageo plc (DEO) at 6.98%. This indicates that PENN's price experiences larger fluctuations and is considered to be riskier than DEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PENN | DEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.21% | 6.98% | +9.23% |
Volatility (6M)Calculated over the trailing 6-month period | 42.22% | 26.52% | +15.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.75% | 32.17% | +20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.21% | 24.74% | +29.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.49% | 23.39% | +38.10% |
Dividends
PENN vs. DEO - Dividend Comparison
PENN has not paid dividends to shareholders, while DEO's dividend yield for the trailing twelve months is around 4.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | 4.06% | 4.80% | 3.26% | 2.77% | 2.16% | 1.82% | 2.29% | 2.07% | 2.51% | 2.18% | 3.00% | 3.13% |
PENN Penn National Gaming, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PENN vs. DEO - Financials Comparison
This section allows you to compare key financial metrics between Penn National Gaming, Inc. and Diageo 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
PENN vs. DEO - Profitability Comparison
PENN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Penn National Gaming, Inc. reported a gross profit of 524.80M and revenue of 1.78B. Therefore, the gross margin over that period was 29.5%.
DEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diageo plc reported a gross profit of 4.72B and revenue of 7.73B. Therefore, the gross margin over that period was 61.0%.
PENN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Penn National Gaming, Inc. reported an operating income of 97.10M and revenue of 1.78B, resulting in an operating margin of 5.5%.
DEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diageo plc reported an operating income of 2.41B and revenue of 7.73B, resulting in an operating margin of 31.1%.
PENN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Penn National Gaming, Inc. reported a net income of -2.30M and revenue of 1.78B, resulting in a net margin of -0.1%.
DEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diageo plc reported a net income of 1.48B and revenue of 7.73B, resulting in a net margin of 19.1%.
Frequently Asked Questions
PENN and DEO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PENN has higher volatility (16.21%) compared to DEO (6.98%). In terms of maximum drawdown, PENN dropped -91.38% vs DEO's -63.41%.
PENN currently has the higher Sharpe Ratio (0.60 vs -0.66), 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.
Find the right allocation for PENN and DEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer