PM vs. ABEV
PM (Philip Morris International Inc.) and ABEV (Ambev S.A.) are both stocks. Both are in the Consumer Defensive sector — PM in Tobacco, ABEV in Beverages - Brewers. Over the past 10 years, PM returned 12.07%/yr vs -1.90%/yr for ABEV. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
PM vs. ABEV - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 21.02% return, which is significantly lower than ABEV's 26.28% return. Over the past 10 years, PM has outperformed ABEV with an annualized return of 12.07%, while ABEV has yielded a comparatively lower -1.90% annualized return.
PM
- 1D
- -0.61%
- 1M
- 4.69%
- 6M
- 8.18%
- YTD
- 21.02%
- 1Y
- 21.34%
- 3Y*
- 30.23%
- 5Y*
- 19.22%
- 10Y*
- 12.07%
- ALL TIME*
- 12.70%
ABEV
- 1D
- -0.32%
- 1M
- 0.32%
- 6M
- 12.20%
- YTD
- 26.28%
- 1Y
- 52.71%
- 3Y*
- 6.80%
- 5Y*
- 5.48%
- 10Y*
- -1.90%
- ALL TIME*
- 9.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ABEV Ambev S.A. | $83.29M | $76.35M | $88.03M |
| $1.12B | $967.33M | $937.11M |
PM vs. ABEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 21.02% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
ABEV Ambev S.A. | 26.28% | 45.11% | -30.10% | 8.41% | 2.38% | -4.39% | -32.61% | 21.92% | -37.29% | 35.34% |
Correlation
The correlation between PM and ABEV is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.28 |
Fundamentals
PM:
$297.41B
ABEV:
$48.51B
PM:
$6.97
ABEV:
R$1.04
PM:
27.38
ABEV:
15.16
PM:
2.98
ABEV:
2.86
PM:
7.00
ABEV:
2.79
PM:
$42.55B
ABEV:
R$88.27B
PM:
$28.72B
ABEV:
R$45.81B
PM:
$18.20B
ABEV:
R$29.69B
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Return for Risk
PM vs. ABEV — Risk / Return Rank
PM
ABEV
PM vs. ABEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and Ambev S.A. (ABEV). 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.
| PM | ABEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.29 | -2.18 |
| Martin ratioReturn relative to average drawdown | 2.44 | 8.36 | -5.92 |
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Drawdowns
PM vs. ABEV - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum ABEV drawdown of -74.04%. Use the drawdown chart below to compare losses from any high point for PM and ABEV.
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Drawdown Indicators
| PM | ABEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -74.04% | +31.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.54% | -16.10% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -34.06% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -38.76% | +15.98% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -72.26% | +29.39% |
Current DrawdownCurrent decline from peak | -4.67% | -42.89% | +38.22% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -31.89% | +21.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 6.32% | +2.10% |
Volatility
PM vs. ABEV - Volatility Comparison
Philip Morris International Inc. (PM) has a higher volatility of 10.17% compared to Ambev S.A. (ABEV) at 5.36%. This indicates that PM's price experiences larger fluctuations and is considered to be riskier than ABEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PM | ABEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 5.36% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 22.50% | 24.89% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 30.88% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 29.99% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 34.25% | -9.61% |
Dividends
PM vs. ABEV - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.08%, less than ABEV's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 5.31% | 8.10% | 6.10% | 5.26% | 5.36% | 4.38% | 2.67% | 2.51% | 3.79% | 2.57% | 3.41% | 4.32% |
PM Philip Morris International Inc. | 3.08% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
PM vs. ABEV - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and Ambev S.A.. 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
PM vs. ABEV - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported a gross profit of 7.66B and revenue of 11.19B. Therefore, the gross margin over that period was 68.4%.
ABEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported a gross profit of 10.45B and revenue of 20.15B. Therefore, the gross margin over that period was 51.9%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported an operating income of 4.53B and revenue of 11.19B, resulting in an operating margin of 40.5%.
ABEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported an operating income of 4.76B and revenue of 20.15B, resulting in an operating margin of 23.6%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported a net income of 2.82B and revenue of 11.19B, resulting in a net margin of 25.2%.
ABEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ambev S.A. reported a net income of 3.39B and revenue of 20.15B, resulting in a net margin of 16.8%.
Frequently Asked Questions
PM and ABEV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (10.17%) compared to ABEV (5.36%). In terms of maximum drawdown, PM dropped -42.87% vs ABEV's -74.04%.
ABEV currently has the higher Sharpe Ratio (1.74 vs 0.74), 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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