SPH vs. BTI
SPH (Suburban Propane Partners, L.P.) and BTI (British American Tobacco p.l.c.) are both stocks. SPH operates in Utilities - Regulated Gas (Utilities), while BTI operates in Tobacco (Consumer Defensive). Over the past 10 years, SPH returned 2.81%/yr vs 6.42%/yr for BTI. At a 0.15 correlation, their price movements are largely independent.
Performance
SPH vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, SPH achieves a 5.93% return, which is significantly higher than BTI's 5.04% return. Over the past 10 years, SPH has underperformed BTI with an annualized return of 2.81%, while BTI has yielded a comparatively higher 6.42% annualized return.
SPH
- 1D
- -1.40%
- 1M
- -3.38%
- YTD
- 5.93%
- 6M
- 2.45%
- 1Y
- 6.35%
- 3Y*
- 16.13%
- 5Y*
- 12.87%
- 10Y*
- 2.81%
BTI
- 1D
- -3.04%
- 1M
- 0.46%
- YTD
- 5.04%
- 6M
- 4.79%
- 1Y
- 34.02%
- 3Y*
- 32.01%
- 5Y*
- 17.14%
- 10Y*
- 6.42%
SPH vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPH Suburban Propane Partners, L.P. | 5.93% | 15.20% | 3.84% | 26.96% | 12.28% | 6.85% | -24.02% | 25.55% | -11.75% | -9.09% |
BTI British American Tobacco p.l.c. | 5.04% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between SPH and BTI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 1996 | 0.15 |
Fundamentals
SPH:
$39.16K
BTI:
$128.55B
SPH:
$2.70
BTI:
$4.93
SPH:
7.04
BTI:
11.90
SPH:
11.62
BTI:
0.44
SPH:
1.12
BTI:
2.50
SPH:
0.00
BTI:
2.68
SPH:
$841.91M
BTI:
$51.48B
SPH:
-$87.69M
BTI:
$42.82B
SPH:
$280.49M
BTI:
$20.34B
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Return for Risk
SPH vs. BTI — Risk / Return Rank
SPH
BTI
SPH vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Suburban Propane Partners, L.P. (SPH) 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.
| SPH | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.49 | -1.81 |
| Martin ratioReturn relative to average drawdown | 2.06 | 5.80 | -3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPH | BTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.50 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.82 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.27 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.58 | -0.24 |
Drawdowns
SPH vs. BTI - Drawdown Comparison
The maximum SPH drawdown since its inception was -60.60%, smaller than the maximum BTI drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for SPH and BTI.
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Drawdown Indicators
| SPH | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.60% | -64.11% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -13.75% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -13.75% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -29.94% | +9.93% |
Max Drawdown (10Y)Largest decline over 10 years | -56.96% | -56.00% | -0.96% |
Current DrawdownCurrent decline from peak | -7.00% | -12.11% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -12.94% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 5.88% | -2.60% |
Volatility
SPH vs. BTI - Volatility Comparison
The current volatility for Suburban Propane Partners, L.P. (SPH) is 6.62%, while British American Tobacco p.l.c. (BTI) has a volatility of 9.91%. This indicates that SPH 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
| SPH | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 9.91% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 18.22% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 22.81% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.71% | 21.12% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.10% | 24.19% | +4.91% |
Dividends
SPH vs. BTI - Dividend Comparison
SPH's dividend yield for the trailing twelve months is around 6.84%, more than BTI's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 5.26% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
SPH Suburban Propane Partners, L.P. | 6.84% | 7.01% | 7.56% | 7.32% | 8.56% | 8.53% | 12.11% | 10.98% | 12.45% | 13.47% | 11.81% | 14.55% |
Financials
SPH vs. BTI - Financials Comparison
This section allows you to compare key financial metrics between Suburban Propane Partners, L.P. 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
Frequently Asked Questions
SPH and BTI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTI has higher volatility (9.91%) compared to SPH (6.62%). In terms of maximum drawdown, SPH dropped -60.60% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (1.50 vs 0.32), 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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