WBD vs. PPL
WBD (Warner Bros. Discovery, Inc.) and PPL (PPL Corporation) are both stocks. WBD operates in Entertainment (Communication Services), while PPL operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, WBD returned 0.50%/yr vs 3.60%/yr for PPL. At a 0.24 correlation, their price movements are largely independent.
Performance
WBD vs. PPL - 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 PPL's 3.97% return. Over the past 10 years, WBD has underperformed PPL with an annualized return of 0.50%, while PPL has yielded a comparatively higher 3.60% annualized return.
WBD
- 1D
- 0.45%
- 1M
- -0.00%
- YTD
- -6.38%
- 6M
- -10.01%
- 1Y
- 168.99%
- 3Y*
- 25.07%
- 5Y*
- -2.61%
- 10Y*
- 0.50%
PPL
- 1D
- 1.10%
- 1M
- 3.61%
- YTD
- 3.97%
- 6M
- 7.12%
- 1Y
- 9.14%
- 3Y*
- 13.81%
- 5Y*
- 7.88%
- 10Y*
- 3.60%
WBD vs. PPL - 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% |
PPL PPL Corporation | 3.97% | 11.38% | 23.98% | -3.77% | 0.35% | 12.88% | -16.87% | 33.41% | -3.01% | -5.19% |
Correlation
The correlation between WBD and PPL is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
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 | 0.24 |
The correlation between WBD and PPL shifts across timeframes, from -0.03 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WBD:
$67.23B
PPL:
$27.14B
WBD:
-$0.86
PPL:
$1.63
WBD:
1.81
PPL:
2.88
WBD:
2.06
PPL:
1.24
WBD:
$37.21B
PPL:
$9.31B
WBD:
$15.43B
PPL:
$4.34B
WBD:
$9.00B
PPL:
$3.38B
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Return for Risk
WBD vs. PPL — Risk / Return Rank
WBD
PPL
WBD vs. PPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and PPL Corporation (PPL). 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 | PPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.08 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 0.57 | +7.24 |
| Martin ratioReturn relative to average drawdown | 22.23 | 1.49 | +20.74 |
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Drawdowns
WBD vs. PPL - Drawdown Comparison
The maximum WBD drawdown since its inception was -91.32%, which is greater than PPL's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for WBD and PPL.
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Drawdown Indicators
| WBD | PPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.32% | -55.38% | -35.94% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -13.29% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -53.63% | -18.84% | -34.79% |
Max Drawdown (5Y)Largest decline over 5 years | -78.49% | -24.73% | -53.76% |
Max Drawdown (10Y)Largest decline over 10 years | -91.32% | -48.73% | -42.59% |
Current DrawdownCurrent decline from peak | -65.08% | -9.22% | -55.86% |
Average DrawdownAverage peak-to-trough decline | -37.14% | -15.62% | -21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.48% | 5.12% | +2.36% |
Volatility
WBD vs. PPL - Volatility Comparison
The current volatility for Warner Bros. Discovery, Inc. (WBD) is 4.77%, while PPL Corporation (PPL) has a volatility of 5.51%. This indicates that WBD experiences smaller price fluctuations and is considered to be less risky than PPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBD | PPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 5.51% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 12.76% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.82% | 16.94% | +29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.71% | 18.73% | +33.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 22.78% | +24.36% |
Dividends
WBD vs. PPL - Dividend Comparison
WBD has not paid dividends to shareholders, while PPL's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPL PPL Corporation | 3.11% | 3.11% | 3.17% | 3.54% | 2.99% | 5.52% | 5.89% | 4.60% | 5.79% | 5.11% | 4.46% | 11.74% |
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. PPL - Financials Comparison
This section allows you to compare key financial metrics between Warner Bros. Discovery, Inc. and PPL Corporation. 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. PPL - 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%.
PPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported a gross profit of 1.92B and revenue of 2.77B. Therefore, the gross margin over that period was 69.3%.
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%.
PPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported an operating income of 745.00M and revenue of 2.77B, resulting in an operating margin of 26.9%.
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%.
PPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported a net income of 452.00M and revenue of 2.77B, resulting in a net margin of 16.3%.
Frequently Asked Questions
WBD and PPL have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPL has higher volatility (5.51%) compared to WBD (4.77%). In terms of maximum drawdown, WBD dropped -91.32% vs PPL's -55.38%.
WBD currently has the higher Sharpe Ratio (3.57 vs 0.45), 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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