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 0.91%/yr vs -2.16%/yr for BUD. At a 0.29 correlation, their price movements are largely independent.
Performance
SAM vs. BUD - Performance Comparison
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Returns By Period
In the year-to-date period, SAM achieves a -6.47% return, which is significantly lower than BUD's 29.09% return. Over the past 10 years, SAM has outperformed BUD with an annualized return of 0.91%, while BUD has yielded a comparatively lower -2.16% annualized return.
SAM
- 1D
- 7.35%
- 1M
- 1.29%
- 6M
- -15.54%
- YTD
- -6.47%
- 1Y
- -5.07%
- 3Y*
- -15.37%
- 5Y*
- -27.72%
- 10Y*
- 0.91%
BUD
- 1D
- 1.94%
- 1M
- -1.08%
- 6M
- 20.30%
- YTD
- 29.09%
- 1Y
- 22.42%
- 3Y*
- 14.07%
- 5Y*
- 5.01%
- 10Y*
- -2.16%
SAM vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAM The Boston Beer Company, Inc. | -6.47% | -34.95% | -13.20% | 4.88% | -34.76% | -49.20% | 163.14% | 56.89% | 26.03% | 12.51% |
BUD Anheuser-Busch InBev SA/NV | 29.09% | 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 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.29 |
Fundamentals
SAM:
$1.96B
BUD:
$157.39B
SAM:
-$5.76
BUD:
$6.17
SAM:
0.93
BUD:
1.34
SAM:
2.80
BUD:
1.85
SAM:
$2.09B
BUD:
$120.38B
SAM:
$947.28M
BUD:
$67.02B
SAM:
$23.70M
BUD:
$35.48B
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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.
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.
| SAM | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.18 | -1.32 |
| Martin ratioReturn relative to average drawdown | -0.32 | 2.24 | -2.56 |
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Drawdowns
SAM vs. BUD - Drawdown Comparison
The maximum SAM drawdown since its inception was -87.67%, 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.
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Drawdown Indicators
| SAM | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.67% | -70.02% | -17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -19.03% | -19.03% |
Max Drawdown (3Y)Largest decline over 3 years | -59.09% | -31.55% | -27.54% |
Max Drawdown (5Y)Largest decline over 5 years | -83.07% | -34.32% | -48.75% |
Max Drawdown (10Y)Largest decline over 10 years | -87.67% | -70.02% | -17.65% |
Current DrawdownCurrent decline from peak | -86.03% | -24.16% | -61.87% |
Average DrawdownAverage peak-to-trough decline | -40.86% | -23.45% | -17.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.93% | 10.01% | +5.92% |
Volatility
SAM vs. BUD - Volatility Comparison
The Boston Beer Company, Inc. (SAM) has a higher volatility of 14.62% compared to Anheuser-Busch InBev SA/NV (BUD) at 6.64%. 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.
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Volatility by Period
| SAM | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.62% | 6.64% | +7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 30.58% | 18.46% | +12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 26.87% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.09% | 24.97% | +15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 27.59% | +13.38% |
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 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUD Anheuser-Busch InBev SA/NV | 1.65% | 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 Jul 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 Jul 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 Jul 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 Jul 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 Jul 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 Jul 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 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAM has higher volatility (14.62%) compared to BUD (6.64%). In terms of maximum drawdown, SAM dropped -87.67% vs BUD's -70.02%.
BUD currently has the higher Sharpe Ratio (0.84 vs -0.13), 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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