SMG vs. SPB

Last updated Jun 3, 2026

SMG (The Scotts Miracle-Gro Company) and SPB (Spectrum Brands Holdings, Inc.) are both stocks. SMG operates in Agricultural Inputs (Basic Materials), while SPB operates in Household & Personal Products (Consumer Defensive). Over the past 10 years, SMG returned 1.09%/yr vs -1.47%/yr for SPB. At a 0.37 correlation, their price movements are largely independent.

Performance

SMG vs. SPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Scotts Miracle-Gro Company (SMG) and Spectrum Brands Holdings, Inc. (SPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMG achieves a -1.29% return, which is significantly lower than SPB's 36.83% return. Over the past 10 years, SMG has outperformed SPB with an annualized return of 1.09%, while SPB has yielded a comparatively lower -1.47% annualized return.

SMG

• 1D: -3.93%
• 1M: -7.56%
• YTD: -1.29%
• 6M: 3.61%
• 1Y: 2.89%
• 3Y*: -1.26%
• 5Y*: -19.49%
• 10Y*: 1.09%

SPB

• 1D: 2.70%
• 1M: -3.16%
• YTD: 36.83%
• 6M: 40.76%
• 1Y: 49.51%
• 3Y*: 5.19%
• 5Y*: 0.74%
• 10Y*: -1.47%

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

SMG vs. SPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMG The Scotts Miracle-Gro Company	-1.29%	-8.01%	8.28%	36.92%	-68.81%	-18.03%	96.18%	77.05%	-41.00%	14.46%
SPB Spectrum Brands Holdings, Inc.	36.83%	-27.90%	7.96%	34.08%	-38.13%	31.26%	26.86%	56.71%	-61.51%	-6.83%

Correlation

The correlation between SMG and SPB is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 3, 2009	0.37

Fundamentals

EPS SMG : $1.90 SPB : $4.32
PE Ratio SMG : 29.67 SPB : 18.49
PEG Ratio SMG : 0.21 SPB : 0.03
PS Ratio SMG : 0.97 SPB : 0.70
Total Revenue (TTM) SMG : $3.39B SPB : $2.79B
Gross Profit (TTM) SMG : $1.10B SPB : $1.02B
EBITDA (TTM) SMG : $493.90M SPB : $201.20M

Return for Risk

SMG vs. SPB — Risk / Return Rank

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

SMG

SMG Risk / Return Rank: 39
SMG Sharpe Ratio Rank: 43
SMG Sortino Ratio Rank: 38
SMG Omega Ratio Rank: 38
SMG Calmar Ratio Rank: 38
SMG Martin Ratio Rank: 38

SPB

SPB Risk / Return Rank: 77
SPB Sharpe Ratio Rank: 79
SPB Sortino Ratio Rank: 75
SPB Omega Ratio Rank: 72
SPB Calmar Ratio Rank: 80
SPB Martin Ratio Rank: 79

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.

SMG vs. SPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Scotts Miracle-Gro Company (SMG) and Spectrum Brands Holdings, Inc. (SPB). 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.

	SMG	SPB	Difference
Sharpe ratio Return per unit of total volatility	0.08	1.37	-1.29
Sortino ratio Return per unit of downside risk	0.37	2.05	-1.68
Omega ratio Gain probability vs. loss probability	1.04	1.24	-0.19
Calmar ratio Return relative to maximum drawdown	-0.04	2.68	-2.72
Martin ratio Return relative to average drawdown	-0.08	6.29	-6.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMG vs. SPB - Sharpe Ratio Comparison

The current SMG Sharpe Ratio is 0.08, which is lower than the SPB Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of SMG and SPB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMG	SPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.37	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	0.02	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	-0.04	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.29	-0.08

Drawdowns

SMG vs. SPB - Drawdown Comparison

The maximum SMG drawdown since its inception was -83.55%, roughly equal to the maximum SPB drawdown of -81.97%. Use the drawdown chart below to compare losses from any high point for SMG and SPB.

Drawdown Indicators

	SMG	SPB	Difference
Max Drawdown Largest peak-to-trough decline	-83.55%	-81.97%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	-15.76%	-8.09%
Max Drawdown (3Y) Largest decline over 3 years	-47.42%	-46.30%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-79.89%	-62.73%	-17.16%
Max Drawdown (10Y) Largest decline over 10 years	-83.55%	-81.97%	-1.58%
Current Drawdown Current decline from peak	-72.94%	-30.49%	-42.45%
Average Drawdown Average peak-to-trough decline	-21.12%	-26.06%	+4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.00%	6.72%	+6.28%

Volatility

SMG vs. SPB - Volatility Comparison

The current volatility for The Scotts Miracle-Gro Company (SMG) is 11.32%, while Spectrum Brands Holdings, Inc. (SPB) has a volatility of 14.47%. This indicates that SMG experiences smaller price fluctuations and is considered to be less risky than SPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMG	SPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	14.47%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	26.70%	25.15%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	35.94%	36.68%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.28%	36.90%	+9.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.38%	40.39%	-0.01%

Dividends

SMG vs. SPB - Dividend Comparison

SMG's dividend yield for the trailing twelve months is around 4.68%, more than SPB's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMG The Scotts Miracle-Gro Company	4.68%	4.52%	3.98%	4.14%	5.43%	1.59%	3.72%	2.13%	3.51%	1.93%	2.03%	2.85%
SPB Spectrum Brands Holdings, Inc.	2.35%	3.18%	2.05%	2.11%	3.45%	1.65%	2.20%	2.61%	4.12%	1.49%	1.24%	1.30%

Financials

SMG vs. SPB - Profitability Comparison

The chart below illustrates the profitability comparison between The Scotts Miracle-Gro Company and Spectrum Brands Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported a gross profit of 610.50M and revenue of 1.46B. Therefore, the gross margin over that period was 41.8%.

SPB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spectrum Brands Holdings, Inc. reported a gross profit of 245.90M and revenue of 677.00M. Therefore, the gross margin over that period was 36.3%.

SMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported an operating income of 401.80M and revenue of 1.46B, resulting in an operating margin of 27.5%.

SPB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spectrum Brands Holdings, Inc. reported an operating income of 33.40M and revenue of 677.00M, resulting in an operating margin of 4.9%.

SMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Scotts Miracle-Gro Company reported a net income of 238.60M and revenue of 1.46B, resulting in a net margin of 16.4%.

SPB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spectrum Brands Holdings, Inc. reported a net income of 28.40M and revenue of 677.00M, resulting in a net margin of 4.2%.

Frequently Asked Questions

Can I hold both SMG and SPB in my portfolio?

SMG and SPB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMG or SPB?

SPB has higher volatility (14.47%) compared to SMG (11.32%). In terms of maximum drawdown, SMG dropped -83.55% vs SPB's -81.97%.

Which has better risk-adjusted returns?

SPB currently has the higher Sharpe Ratio (1.37 vs 0.08), 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.