SPB vs. SMG

Last updated Jun 3, 2026

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

Performance

SPB vs. SMG - Performance Comparison

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

Returns By Period

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

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%

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%

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

SPB vs. SMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

Return for Risk

SPB vs. SMG — Risk / Return Rank

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

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

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

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.

SPB vs. SMG - Risk-Adjusted Trends Comparison

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

	SPB	SMG	Difference
Sharpe ratio Return per unit of total volatility	1.37	0.08	+1.29
Sortino ratio Return per unit of downside risk	2.05	0.37	+1.68
Omega ratio Gain probability vs. loss probability	1.24	1.04	+0.19
Calmar ratio Return relative to maximum drawdown	2.68	-0.04	+2.72
Martin ratio Return relative to average drawdown	6.29	-0.08	+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.

SPB vs. SMG - Sharpe Ratio Comparison

The current SPB Sharpe Ratio is 1.37, which is higher than the SMG Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of SPB and SMG, 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

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

Drawdowns

SPB vs. SMG - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SPB vs. SMG - Volatility Comparison

Spectrum Brands Holdings, Inc. (SPB) has a higher volatility of 14.47% compared to The Scotts Miracle-Gro Company (SMG) at 11.32%. This indicates that SPB's price experiences larger fluctuations and is considered to be riskier than SMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

SPB vs. SMG - Dividend Comparison

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

SPB vs. SMG - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.

Frequently Asked Questions

Can I hold both SPB and SMG in my portfolio?

SPB and SMG 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, SPB or SMG?

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

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.