SM vs. PBR

Last updated Apr 1, 2026

Compare and contrast key facts about SM Energy Company (SM) and Petróleo Brasileiro S.A. - Petrobras (PBR).

Performance

SM vs. PBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SM Energy Company (SM) and Petróleo Brasileiro S.A. - Petrobras (PBR). The values are adjusted to include any dividend payments, if applicable.

SM vs. PBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SM SM Energy Company	68.16%	-49.72%	1.84%	13.14%	18.58%	382.16%	-44.85%	-26.72%	-29.60%	-35.65%
PBR Petróleo Brasileiro S.A. - Petrobras	75.11%	-1.01%	-8.38%	71.48%	47.76%	20.44%	-28.83%	24.65%	27.68%	1.78%

Fundamentals

EPS SM : $6.32 PBR : $3.12
PE Ratio SM : 4.93 PBR : 6.65
PEG Ratio SM : 0.01 PBR : 0.17
PS Ratio SM : 1.10 PBR : 1.47
Total Revenue (TTM) SM : $3.27B PBR : $90.81B
Gross Profit (TTM) SM : $1.23B PBR : $43.25B
EBITDA (TTM) SM : $2.26B PBR : $43.02B

Returns By Period

In the year-to-date period, SM achieves a 68.16% return, which is significantly lower than PBR's 75.11% return. Over the past 10 years, SM has underperformed PBR with an annualized return of 6.75%, while PBR has yielded a comparatively higher 25.41% annualized return.

SM

• 1D: -2.96%
• 1M: 35.96%
• YTD: 68.16%
• 6M: 28.46%
• 1Y: 8.89%
• 3Y*: 6.25%
• 5Y*: 12.48%
• 10Y*: 6.75%

PBR

• 1D: -0.29%
• 1M: 24.77%
• YTD: 75.11%
• 6M: 67.34%
• 1Y: 55.45%
• 3Y*: 40.62%
• 5Y*: 45.76%
• 10Y*: 25.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SM vs. PBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SM

SM Risk / Return Rank: 47
SM Sharpe Ratio Rank: 48
SM Sortino Ratio Rank: 47
SM Omega Ratio Rank: 45
SM Calmar Ratio Rank: 49
SM Martin Ratio Rank: 47

PBR

PBR Risk / Return Rank: 83
PBR Sharpe Ratio Rank: 88
PBR Sortino Ratio Rank: 83
PBR Omega Ratio Rank: 84
PBR Calmar Ratio Rank: 82
PBR Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	SM	PBR	Difference
Sharpe ratio Return per unit of total volatility	0.15	1.70	-1.55
Sortino ratio Return per unit of downside risk	0.64	2.21	-1.57
Omega ratio Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio Return relative to maximum drawdown	0.27	2.46	-2.18
Martin ratio Return relative to average drawdown	0.45	4.75	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SM vs. PBR - Sharpe Ratio Comparison

The current SM Sharpe Ratio is 0.15, which is lower than the PBR Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of SM and PBR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SM	PBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	1.70	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	1.21	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.53	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.21	-0.07

Correlation

The correlation between SM and PBR is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SM vs. PBR - Dividend Comparison

SM's dividend yield for the trailing twelve months is around 3.27%, less than PBR's 4.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SM SM Energy Company	3.27%	5.35%	1.91%	1.55%	0.46%	0.07%	0.33%	0.89%	0.65%	0.45%	0.29%	0.51%
PBR Petróleo Brasileiro S.A. - Petrobras	4.05%	7.10%	14.73%	10.91%	55.64%	18.95%	0.84%	1.59%	1.03%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	SM	PBR	Difference
Max Drawdown Largest peak-to-trough decline	-98.85%	-95.62%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-40.30%	-22.41%	-17.89%
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 Drawdown Current decline from peak	-61.51%	-14.69%	-46.82%
Average Drawdown Average peak-to-trough decline	-39.78%	-52.99%	+13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.20%	11.58%	+12.62%

Volatility

SM vs. PBR - Volatility Comparison

SM Energy Company (SM) has a higher volatility of 13.93% compared to Petróleo Brasileiro S.A. - Petrobras (PBR) at 11.44%. 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.

Volatility by Period

	SM	PBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.93%	11.44%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	34.00%	21.99%	+12.01%
Volatility (1Y) Calculated over the trailing 1-year period	58.34%	32.81%	+25.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.70%	38.03%	+17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.61%	47.66%	+32.95%

Financials

SM vs. PBR - Profitability Comparison

The chart below illustrates the profitability comparison between SM Energy Company and Petróleo Brasileiro S.A. - Petrobras over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SM Energy Company reported a gross profit of 256.60M and revenue of 811.01M. Therefore, the gross margin over that period was 31.6%.

PBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a gross profit of 11.64B and revenue of 25.22B. Therefore, the gross margin over that period was 46.1%.

SM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SM Energy Company reported an operating income of 246.48M and revenue of 811.01M, resulting in an operating margin of 30.4%.

PBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported an operating income of 5.24B and revenue of 25.22B, resulting in an operating margin of 20.8%.

SM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SM Energy Company reported a net income of 155.09M and revenue of 811.01M, resulting in a net margin of 19.1%.

PBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a net income of 3.36B and revenue of 25.22B, resulting in a net margin of 13.3%.