SAM vs. BUD
SAM (The Boston Beer Company, Inc.) and BUD (Anheuser-Busch InBev SA/NV) are both stocks. Both operate in the Beverages - Brewers industry within the Consumer Defensive sector. Over the past 10 years, SAM returned 0.61%/yr vs -2.62%/yr for BUD. At a 0.28 correlation, their price movements are largely independent.
Performance
SAM vs. BUD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAM achieves a -16.08% return, which is significantly lower than BUD's 25.25% return. Over the past 10 years, SAM has outperformed BUD with an annualized return of 0.61%, while BUD has yielded a comparatively lower -2.62% annualized return.
SAM
- 1D
- 0.81%
- 1M
- -20.95%
- YTD
- -16.08%
- 6M
- -18.47%
- 1Y
- -27.01%
- 3Y*
- -21.82%
- 5Y*
- -31.76%
- 10Y*
- 0.61%
BUD
- 1D
- -1.91%
- 1M
- 8.53%
- YTD
- 25.25%
- 6M
- 30.24%
- 1Y
- 13.84%
- 3Y*
- 14.78%
- 5Y*
- 2.01%
- 10Y*
- -2.62%
SAM vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAM The Boston Beer Company, Inc. | -16.08% | -34.95% | -13.20% | 4.88% | -34.76% | -49.20% | 163.14% | 56.89% | 26.03% | 12.51% |
BUD Anheuser-Busch InBev SA/NV | 25.25% | 30.33% | -21.37% | 9.04% | 0.09% | -12.66% | -13.97% | 27.69% | -38.79% | 9.62% |
Correlation
The correlation between SAM and BUD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009 | 0.28 |
Fundamentals
SAM:
$1.71B
BUD:
$156.32B
SAM:
-$5.70
BUD:
$6.15
SAM:
0.84
BUD:
1.30
SAM:
2.51
BUD:
1.79
SAM:
$2.09B
BUD:
$120.38B
SAM:
$947.28M
BUD:
$67.02B
SAM:
$23.70M
BUD:
$35.48B
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
SAM vs. BUD — Risk / Return Rank
SAM
BUD
SAM vs. BUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Boston Beer Company, Inc. (SAM) and Anheuser-Busch InBev SA/NV (BUD). 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.
| SAM | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.13 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.68 | -1.40 |
| Martin ratioReturn relative to average drawdown | -2.15 | 1.28 | -3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SAM | BUD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 0.53 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.80 | 0.08 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | -0.09 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.26 | -0.11 |
Drawdowns
SAM vs. BUD - Drawdown Comparison
The maximum SAM drawdown since its inception was -87.57%, which is greater than BUD's maximum drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for SAM and BUD.
Loading charts...
Drawdown Indicators
| SAM | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -70.02% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -37.54% | -20.36% | -17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -58.74% | -31.55% | -27.19% |
Max Drawdown (5Y)Largest decline over 5 years | -85.32% | -42.88% | -42.44% |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | -70.02% | -17.55% |
Current DrawdownCurrent decline from peak | -87.47% | -26.41% | -61.06% |
Average DrawdownAverage peak-to-trough decline | -40.69% | -23.45% | -17.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.56% | 10.84% | +1.72% |
Volatility
SAM vs. BUD - Volatility Comparison
The Boston Beer Company, Inc. (SAM) has a higher volatility of 11.42% compared to Anheuser-Busch InBev SA/NV (BUD) at 10.32%. This indicates that SAM's price experiences larger fluctuations and is considered to be riskier than BUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SAM | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.42% | 10.32% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.81% | 17.96% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 26.23% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.76% | 24.88% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.76% | 27.66% | +13.10% |
Dividends
SAM vs. BUD - Dividend Comparison
SAM has not paid dividends to shareholders, while BUD's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUD Anheuser-Busch InBev SA/NV | 1.70% | 1.91% | 1.74% | 1.28% | 0.88% | 0.98% | 0.79% | 2.45% | 5.15% | 3.63% | 5.41% | 3.21% |
SAM The Boston Beer Company, 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
SAM vs. BUD - Financials Comparison
This section allows you to compare key financial metrics between The Boston Beer Company, Inc. and Anheuser-Busch InBev SA/NV. 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
SAM vs. BUD - Profitability Comparison
SAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported a gross profit of 213.96M and revenue of 461.58M. Therefore, the gross margin over that period was 46.4%.
BUD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a gross profit of 17.10B and revenue of 30.61B. Therefore, the gross margin over that period was 55.9%.
SAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported an operating income of -190.46M and revenue of 461.58M, resulting in an operating margin of -41.3%.
BUD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported an operating income of 80.56M and revenue of 30.61B, resulting in an operating margin of 0.3%.
SAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported a net income of -145.26M and revenue of 461.58M, resulting in a net margin of -31.5%.
BUD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a net income of 3.01B and revenue of 30.61B, resulting in a net margin of 9.8%.
Frequently Asked Questions
SAM and BUD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAM has higher volatility (11.42%) compared to BUD (10.32%). In terms of maximum drawdown, SAM dropped -87.57% vs BUD's -70.02%.
BUD currently has the higher Sharpe Ratio (0.53 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.
Find the right allocation for SAM and BUD
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