SM vs. PBR
SM (SM Energy Company) and PBR (Petróleo Brasileiro S.A. - Petrobras) are both stocks. Both are in the Energy sector — SM in Oil & Gas E&P, PBR in Oil & Gas Integrated. Over the past 10 years, SM returned 1.57%/yr vs 19.45%/yr for PBR. At a 0.46 correlation, their price movements are largely independent.
Performance
SM vs. PBR - Performance Comparison
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Returns By Period
In the year-to-date period, SM achieves a 51.02% return, which is significantly higher than PBR's 48.15% return. Over the past 10 years, SM has underperformed PBR with an annualized return of 1.57%, while PBR has yielded a comparatively higher 19.45% annualized return.
SM
- 1D
- -1.87%
- 1M
- -10.72%
- 6M
- 58.83%
- YTD
- 51.02%
- 1Y
- 1.77%
- 3Y*
- -3.21%
- 5Y*
- 5.32%
- 10Y*
- 1.57%
PBR
- 1D
- 1.70%
- 1M
- -5.77%
- 6M
- 47.77%
- YTD
- 48.15%
- 1Y
- 42.09%
- 3Y*
- 17.64%
- 5Y*
- 32.51%
- 10Y*
- 19.45%
SM vs. PBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SM SM Energy Company | 51.02% | -49.72% | 1.84% | 13.14% | 18.58% | 382.16% | -44.85% | -26.72% | -29.60% | -35.65% |
PBR Petróleo Brasileiro S.A. - Petrobras | 48.15% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | -28.83% | 24.65% | 27.68% | 1.78% |
Correlation
The correlation between SM and PBR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2000 | 0.46 |
Fundamentals
SM:
$6.67B
PBR:
$111.62B
SM:
$6.07
PBR:
$3.16
SM:
4.58
PBR:
5.49
SM:
0.01
PBR:
0.14
SM:
0.92
PBR:
1.20
SM:
$2.31B
PBR:
$93.27B
SM:
$660.35M
PBR:
$43.47B
SM:
$1.94B
PBR:
$41.03B
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Return for Risk
SM vs. PBR — Risk / Return Rank
SM
PBR
SM vs. PBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SM Energy Company (SM) and Petróleo Brasileiro S.A. - Petrobras (PBR). 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.
| SM | PBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.57 | -1.51 |
| Martin ratioReturn relative to average drawdown | 0.11 | 4.36 | -4.25 |
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Drawdowns
SM vs. PBR - Drawdown Comparison
The maximum SM drawdown since its inception was -98.85%, roughly equal to the maximum PBR drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for SM and PBR.
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Drawdown Indicators
| SM | PBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.85% | -95.62% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -38.16% | -26.86% | -11.30% |
Max Drawdown (3Y)Largest decline over 3 years | -64.87% | -28.24% | -36.63% |
Max Drawdown (5Y)Largest decline over 5 years | -65.01% | -39.62% | -25.39% |
Max Drawdown (10Y)Largest decline over 10 years | -97.46% | -75.13% | -22.33% |
Current DrawdownCurrent decline from peak | -65.44% | -27.82% | -37.62% |
Average DrawdownAverage peak-to-trough decline | -39.97% | -52.64% | +12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.08% | 9.66% | +11.42% |
Volatility
SM vs. PBR - Volatility Comparison
SM Energy Company (SM) has a higher volatility of 15.99% compared to Petróleo Brasileiro S.A. - Petrobras (PBR) at 9.40%. This indicates that SM's price experiences larger fluctuations and is considered to be riskier than PBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SM | PBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.99% | 9.40% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 38.62% | 25.58% | +13.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.12% | 31.60% | +18.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.76% | 37.80% | +15.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.76% | 46.56% | +33.20% |
Dividends
SM vs. PBR - Dividend Comparison
SM's dividend yield for the trailing twelve months is around 3.74%, less than PBR's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 4.08% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% | 0.00% | 0.00% | 0.00% |
SM SM Energy Company | 3.74% | 5.35% | 1.91% | 1.55% | 0.46% | 0.07% | 0.33% | 0.89% | 0.65% | 0.45% | 0.29% | 0.51% |
Financials
SM vs. PBR - Financials Comparison
This section allows you to compare key financial metrics between SM Energy Company and Petróleo Brasileiro S.A. - Petrobras. 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
SM and PBR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SM has higher volatility (15.99%) compared to PBR (9.40%). In terms of maximum drawdown, SM dropped -98.85% vs PBR's -95.62%.
PBR currently has the higher Sharpe Ratio (1.33 vs 0.05), 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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