PM vs. ASWC.DE

Last updated Jun 9, 2026

PM (Philip Morris International Inc.) is a stock, while ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) is Aerospace & Defense fund tracking the EQM Future of Defence Index. Over the past year, PM returned 0.31% vs 18.26% for ASWC.DE. At a 0.10 correlation, their price movements are largely independent.

Performance

PM vs. ASWC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Philip Morris International Inc. (PM) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PM is traded in USD, while ASWC.DE is traded in EUR. To make them comparable, the ASWC.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PM achieves a 10.74% return, which is significantly lower than ASWC.DE's 11.72% return.

PM

• 1D: -1.25%
• 1M: 2.97%
• YTD: 10.74%
• 6M: 20.88%
• 1Y: 0.31%
• 3Y*: 29.53%
• 5Y*: 18.20%
• 10Y*: 11.05%

ASWC.DE

• 1D: -0.69%
• 1M: 7.03%
• YTD: 11.72%
• 6M: 13.72%
• 1Y: 18.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PM vs. ASWC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PM Philip Morris International Inc.	10.74%	37.99%	34.34%	-1.78%
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR	11.72%	56.13%	31.39%	16.03%

Correlation

The correlation between PM and ASWC.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.10

The correlation between PM and ASWC.DE shifts across timeframes, from -0.01 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PM vs. ASWC.DE — Risk / Return Rank

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

PM

PM Risk / Return Rank: 39
PM Sharpe Ratio Rank: 42
PM Sortino Ratio Rank: 36
PM Omega Ratio Rank: 35
PM Calmar Ratio Rank: 42
PM Martin Ratio Rank: 42

ASWC.DE

ASWC.DE Risk / Return Rank: 25
ASWC.DE Sharpe Ratio Rank: 25
ASWC.DE Sortino Ratio Rank: 25
ASWC.DE Omega Ratio Rank: 24
ASWC.DE Calmar Ratio Rank: 29
ASWC.DE Martin Ratio Rank: 24

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.

PM vs. ASWC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE). 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.

	PM	ASWC.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.01	0.93	-0.92
Sortino ratio: Return per unit of downside risk	0.20	1.42	-1.21
Omega ratio: Gain probability vs. loss probability	1.03	1.17	-0.14
Calmar ratio: Return relative to maximum drawdown	0.02	1.48	-1.46
Martin ratio: Return relative to average drawdown	0.03	3.59	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PM vs. ASWC.DE - Sharpe Ratio Comparison

The current PM Sharpe Ratio is 0.01, which is lower than the ASWC.DE Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of PM and ASWC.DE, 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

	PM	ASWC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	0.93	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	2.03	-1.51

Drawdowns

PM vs. ASWC.DE - Drawdown Comparison

The maximum PM drawdown since its inception was -42.87%, which is greater than ASWC.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for PM and ASWC.DE.

Drawdown Indicators

	PM	ASWC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.87%	-12.88%	-29.99%
Max Drawdown (1Y) Largest decline over 1 year	-20.64%	-12.88%	-7.76%
Max Drawdown (3Y) Largest decline over 3 years	-20.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.87%	—	—
Current Drawdown Current decline from peak	-8.24%	-3.01%	-5.23%
Average Drawdown Average peak-to-trough decline	-10.02%	-2.59%	-7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.79%	5.31%	+5.48%

Volatility

PM vs. ASWC.DE - Volatility Comparison

Philip Morris International Inc. (PM) has a higher volatility of 9.76% compared to HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) at 6.18%. This indicates that PM's price experiences larger fluctuations and is considered to be riskier than ASWC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PM	ASWC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	6.18%	+3.58%
Volatility (6M) Calculated over the trailing 6-month period	20.84%	16.05%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	27.67%	20.50%	+7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.69%	19.47%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	19.47%	+4.98%

Dividends

PM vs. ASWC.DE - Dividend Comparison

PM's dividend yield for the trailing twelve months is around 3.27%, while ASWC.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PM Philip Morris International Inc.	3.27%	3.52%	4.40%	5.46%	4.98%	5.16%	5.73%	5.43%	6.73%	3.99%	4.50%	4.60%

Frequently Asked Questions

Can I hold both PM and ASWC.DE in my portfolio?

PM and ASWC.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.