SHEL vs. BTI
SHEL (Shell plc) and BTI (British American Tobacco p.l.c.) are both stocks. SHEL operates in Oil & Gas Integrated (Energy), while BTI operates in Tobacco (Consumer Defensive). Over the past 10 years, SHEL returned 10.35%/yr vs 7.69%/yr for BTI. At a 0.38 correlation, their price movements are largely independent.
Performance
SHEL vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, SHEL achieves a 18.73% return, which is significantly higher than BTI's 11.67% return. Over the past 10 years, SHEL has outperformed BTI with an annualized return of 10.35%, while BTI has yielded a comparatively lower 7.69% annualized return.
SHEL
- 1D
- -0.22%
- 1M
- 1.77%
- YTD
- 18.73%
- 6M
- 20.62%
- 1Y
- 24.51%
- 3Y*
- 18.27%
- 5Y*
- 22.23%
- 10Y*
- 10.35%
BTI
- 1D
- 1.51%
- 1M
- -4.64%
- YTD
- 11.67%
- 6M
- 12.20%
- 1Y
- 35.86%
- 3Y*
- 34.54%
- 5Y*
- 17.96%
- 10Y*
- 7.69%
SHEL vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 18.73% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
BTI British American Tobacco p.l.c. | 11.67% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between SHEL and BTI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2005 | 0.38 |
Over the past year, the correlation between SHEL and BTI has dropped to 0.11 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
SHEL:
$244.29B
BTI:
$136.67B
SHEL:
$6.39
BTI:
£4.93
SHEL:
13.40
BTI:
9.44
SHEL:
0.67
BTI:
0.35
SHEL:
0.94
BTI:
1.99
SHEL:
1.41
BTI:
2.13
SHEL:
$266.82B
BTI:
£51.48B
SHEL:
$41.65B
BTI:
£42.82B
SHEL:
$57.44B
BTI:
£20.34B
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Return for Risk
SHEL vs. BTI — Risk / Return Rank
SHEL
BTI
SHEL vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) 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.
| SHEL | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.62 | -0.34 |
| Martin ratioReturn relative to average drawdown | 6.17 | 5.89 | +0.27 |
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Drawdowns
SHEL vs. BTI - Drawdown Comparison
The maximum SHEL drawdown since its inception was -71.57%, which is greater than BTI's maximum drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for SHEL and BTI.
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Drawdown Indicators
| SHEL | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.57% | -64.11% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -13.75% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -13.75% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -29.94% | +4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -71.57% | -56.00% | -15.57% |
Current DrawdownCurrent decline from peak | -8.19% | -6.57% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -12.93% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 6.10% | -2.11% |
Volatility
SHEL vs. BTI - Volatility Comparison
The current volatility for Shell plc (SHEL) is 5.99%, while British American Tobacco p.l.c. (BTI) has a volatility of 7.53%. This indicates that SHEL experiences smaller price fluctuations and is considered to be less risky than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHEL | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.53% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 18.39% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 22.78% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.21% | 21.16% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.83% | 24.20% | +6.63% |
Dividends
SHEL vs. BTI - Dividend Comparison
SHEL's dividend yield for the trailing twelve months is around 3.45%, less than BTI's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 4.95% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
SHEL Shell plc | 3.45% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
SHEL vs. BTI - Financials Comparison
This section allows you to compare key financial metrics between Shell plc 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
SHEL vs. BTI - Profitability Comparison
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
BTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a gross profit of 11.30B and revenue of 13.54B. Therefore, the gross margin over that period was 83.4%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
BTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported an operating income of 4.93B and revenue of 13.54B, resulting in an operating margin of 36.4%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
BTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
Frequently Asked Questions
SHEL and BTI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTI has higher volatility (7.53%) compared to SHEL (5.99%). In terms of maximum drawdown, SHEL dropped -71.57% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (1.58 vs 1.17), 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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