WBD vs. MO
WBD (Warner Bros. Discovery, Inc.) and MO (Altria Group, Inc.) are both stocks. WBD operates in Entertainment (Communication Services), while MO operates in Tobacco (Consumer Defensive). Over the past 10 years, WBD returned 0.50%/yr vs 7.93%/yr for MO. At a 0.25 correlation, their price movements are largely independent.
Performance
WBD vs. MO - Performance Comparison
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Returns By Period
In the year-to-date period, WBD achieves a -6.38% return, which is significantly lower than MO's 26.86% return. Over the past 10 years, WBD has underperformed MO with an annualized return of 0.50%, while MO has yielded a comparatively higher 7.93% annualized return.
WBD
- 1D
- 0.45%
- 1M
- -0.99%
- YTD
- -6.38%
- 6M
- -10.01%
- 1Y
- 165.55%
- 3Y*
- 25.07%
- 5Y*
- -2.61%
- 10Y*
- 0.50%
MO
- 1D
- 0.74%
- 1M
- 0.56%
- YTD
- 26.86%
- 6M
- 26.78%
- 1Y
- 28.51%
- 3Y*
- 25.73%
- 5Y*
- 16.36%
- 10Y*
- 7.93%
WBD vs. MO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBD Warner Bros. Discovery, Inc. | -6.38% | 172.66% | -7.12% | 20.04% | -59.73% | -21.77% | -8.09% | 32.34% | 10.55% | -18.35% |
MO Altria Group, Inc. | 26.86% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
Correlation
The correlation between WBD and MO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2005 | 0.25 |
The correlation between WBD and MO shifts across timeframes, from -0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WBD:
$67.23B
MO:
$120.36B
WBD:
-$0.86
MO:
$4.79
WBD:
1.81
MO:
5.54
WBD:
$37.21B
MO:
$21.82B
WBD:
$15.43B
MO:
$14.80B
WBD:
$9.00B
MO:
$11.70B
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Return for Risk
WBD vs. MO — Risk / Return Rank
WBD
MO
WBD vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and Altria Group, Inc. (MO). 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.
| WBD | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.24 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 1.75 | +6.07 |
| Martin ratioReturn relative to average drawdown | 22.23 | 4.39 | +17.83 |
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Drawdowns
WBD vs. MO - Drawdown Comparison
The maximum WBD drawdown since its inception was -91.32%, which is greater than MO's maximum drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for WBD and MO.
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Drawdown Indicators
| WBD | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.32% | -65.43% | -25.89% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -16.40% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -53.63% | -16.40% | -37.23% |
Max Drawdown (5Y)Largest decline over 5 years | -78.49% | -25.83% | -52.66% |
Max Drawdown (10Y)Largest decline over 10 years | -91.32% | -53.69% | -37.63% |
Current DrawdownCurrent decline from peak | -65.08% | -3.50% | -61.58% |
Average DrawdownAverage peak-to-trough decline | -37.14% | -11.92% | -25.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.48% | 6.50% | +0.98% |
Volatility
WBD vs. MO - Volatility Comparison
The current volatility for Warner Bros. Discovery, Inc. (WBD) is 4.77%, while Altria Group, Inc. (MO) has a volatility of 6.71%. This indicates that WBD experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBD | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 6.71% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 17.60% | -6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.82% | 22.59% | +24.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.71% | 20.68% | +32.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 22.97% | +24.17% |
Dividends
WBD vs. MO - Dividend Comparison
WBD has not paid dividends to shareholders, while MO's dividend yield for the trailing twelve months is around 5.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MO Altria Group, Inc. | 5.84% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
WBD Warner Bros. Discovery, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WBD vs. MO - Financials Comparison
This section allows you to compare key financial metrics between Warner Bros. Discovery, Inc. and Altria Group, Inc.. 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
WBD vs. MO - Profitability Comparison
WBD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a gross profit of 4.25B and revenue of 8.89B. Therefore, the gross margin over that period was 47.8%.
MO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a gross profit of 3.51B and revenue of 5.43B. Therefore, the gross margin over that period was 64.6%.
WBD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported an operating income of -2.47B and revenue of 8.89B, resulting in an operating margin of -27.8%.
MO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported an operating income of 2.96B and revenue of 5.43B, resulting in an operating margin of 54.5%.
WBD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a net income of -3.33B and revenue of 8.89B, resulting in a net margin of -37.5%.
MO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a net income of 2.18B and revenue of 5.43B, resulting in a net margin of 40.2%.
Frequently Asked Questions
WBD and MO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.71%) compared to WBD (4.77%). In terms of maximum drawdown, WBD dropped -91.32% vs MO's -65.43%.
WBD currently has the higher Sharpe Ratio (3.57 vs 1.27), 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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