PM vs. BTI
PM (Philip Morris International Inc.) and BTI (British American Tobacco p.l.c.) are both stocks. Both operate in the Tobacco industry within the Consumer Defensive sector. Over the past 10 years, PM returned 12.07%/yr vs 6.46%/yr for BTI. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
PM vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 21.02% return, which is significantly higher than BTI's 10.19% return. Over the past 10 years, PM has outperformed BTI with an annualized return of 12.07%, while BTI has yielded a comparatively lower 6.46% 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%
BTI
- 1D
- -1.69%
- 1M
- -0.45%
- 6M
- 2.81%
- YTD
- 10.19%
- 1Y
- 18.00%
- 3Y*
- 31.65%
- 5Y*
- 18.80%
- 10Y*
- 6.46%
- ALL TIME*
- 17.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $243.05M | $251.57M | $264.36M | |
| $1.12B | $967.33M | $937.11M |
PM vs. BTI - 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% |
BTI British American Tobacco p.l.c. | 10.19% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between PM and BTI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.51 |
The correlation between PM and BTI has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
Fundamentals
PM:
$297.41B
BTI:
$131.19B
PM:
$6.97
BTI:
£4.94
PM:
27.38
BTI:
9.12
PM:
2.98
BTI:
0.34
PM:
7.00
BTI:
1.92
PM:
$42.55B
BTI:
£51.48B
PM:
$28.72B
BTI:
£42.82B
PM:
$18.20B
BTI:
£20.34B
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Return for Risk
PM vs. BTI — Risk / Return Rank
PM
BTI
PM vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and British American Tobacco p.l.c. (BTI). 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 | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.42 | -0.31 |
| Martin ratioReturn relative to average drawdown | 2.44 | 2.90 | -0.45 |
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Drawdowns
PM vs. BTI - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum BTI drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for PM and BTI.
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Drawdown Indicators
| PM | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -64.11% | +21.24% |
Max Drawdown (1Y)Largest decline over 1 year | -18.54% | -13.75% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -13.75% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -29.94% | +7.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -56.00% | +13.13% |
Current DrawdownCurrent decline from peak | -4.67% | -7.81% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -12.92% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 6.74% | +1.68% |
Volatility
PM vs. BTI - Volatility Comparison
Philip Morris International Inc. (PM) and British American Tobacco p.l.c. (BTI) have volatilities of 10.17% and 10.28%, 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.
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Volatility by Period
| PM | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 10.28% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 22.50% | 20.33% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 24.73% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 21.62% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 24.29% | +0.35% |
Dividends
PM vs. BTI - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.08%, less than BTI's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 5.22% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
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. BTI - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and British American Tobacco p.l.c.. 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
Frequently Asked Questions
PM and BTI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTI has higher volatility (10.28%) compared to PM (10.17%). In terms of maximum drawdown, PM dropped -42.87% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (0.79 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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