PM vs. BA.L
PM (Philip Morris International Inc.) and BA.L (BAE Systems plc) are both stocks. PM operates in Tobacco (Consumer Defensive), while BA.L operates in Aerospace & Defense (Industrials). Over the past 10 years, PM returned 11.71%/yr vs 18.26%/yr for BA.L. At a 0.20 correlation, their price movements are largely independent.
Performance
PM vs. BA.L - Performance Comparison
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Different Trading Currencies
PM is traded in USD, while BA.L is traded in GBp. To make them comparable, the BA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PM achieves a 15.93% return, which is significantly higher than BA.L's 12.20% return. Over the past 10 years, PM has underperformed BA.L with an annualized return of 11.71%, while BA.L has yielded a comparatively higher 18.26% annualized return.
PM
- 1D
- 1.95%
- 1M
- -2.80%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.53%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
BA.L
- 1D
- -1.78%
- 1M
- -0.68%
- YTD
- 12.20%
- 6M
- 13.86%
- 1Y
- -0.87%
- 3Y*
- 31.41%
- 5Y*
- 30.99%
- 10Y*
- 18.26%
PM vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
BA.L BAE Systems plc | 12.20% | 63.60% | 4.12% | 40.34% | 43.72% | 16.51% | -6.51% | 33.58% | -21.46% | 9.84% |
Correlation
The correlation between PM and BA.L 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.20 |
The correlation between PM and BA.L shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$288.03B
BA.L:
£57.97B
PM:
$7.12
BA.L:
£1.33
PM:
25.90
BA.L:
14.41
PM:
2.81
BA.L:
2.30
PM:
6.93
BA.L:
1.06
PM:
$41.49B
BA.L:
£54.65B
PM:
$27.93B
BA.L:
£4.75B
PM:
$17.74B
BA.L:
£7.55B
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Return for Risk
PM vs. BA.L — Risk / Return Rank
PM
BA.L
PM vs. BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and BAE Systems plc (BA.L). 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 | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.07 | +0.11 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.16 | +0.18 |
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Drawdowns
PM vs. BA.L - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum BA.L drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for PM and BA.L.
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Drawdown Indicators
| PM | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -57.18% | +14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -22.64% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -22.64% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -22.64% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -41.57% | -1.30% |
Current DrawdownCurrent decline from peak | -3.94% | -16.88% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -18.53% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 10.00% | +0.81% |
Volatility
PM vs. BA.L - Volatility Comparison
The current volatility for Philip Morris International Inc. (PM) is 7.76%, while BAE Systems plc (BA.L) has a volatility of 9.11%. This indicates that PM experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PM | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 9.11% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 21.07% | 24.23% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 30.85% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 27.07% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 26.84% | -2.38% |
Dividends
PM vs. BA.L - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.13%, more than BA.L's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.90% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
PM Philip Morris International Inc. | 3.13% | 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. BA.L - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and BAE Systems 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
PM vs. BA.L - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
Frequently Asked Questions
PM and BA.L 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.
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