WRB vs. PM
WRB (W. R. Berkley Corporation) and PM (Philip Morris International Inc.) are both stocks. WRB operates in Insurance - Property & Casualty (Financial Services), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, WRB returned 17.92%/yr vs 11.71%/yr for PM. At a 0.34 correlation, their price movements are largely independent.
Performance
WRB vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, WRB achieves a -2.51% return, which is significantly lower than PM's 15.93% return. Over the past 10 years, WRB has outperformed PM with an annualized return of 17.92%, while PM has yielded a comparatively lower 11.71% annualized return.
WRB
- 1D
- 1.08%
- 1M
- 2.74%
- YTD
- -2.51%
- 6M
- 0.17%
- 1Y
- -4.36%
- 3Y*
- 24.41%
- 5Y*
- 17.90%
- 10Y*
- 17.92%
PM
- 1D
- 1.95%
- 1M
- -2.80%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.53%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
WRB vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRB W. R. Berkley Corporation | -2.51% | 23.02% | 27.19% | 0.25% | 33.92% | 27.39% | -3.14% | 43.80% | 5.96% | 10.21% |
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between WRB and PM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.34 |
Fundamentals
WRB:
$4.45
PM:
$7.12
WRB:
15.34
PM:
25.90
WRB:
0.89
PM:
2.81
WRB:
1.86
PM:
6.93
WRB:
$14.71B
PM:
$41.49B
WRB:
$2.91B
PM:
$27.93B
WRB:
$2.37B
PM:
$17.74B
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Return for Risk
WRB vs. PM — Risk / Return Rank
WRB
PM
WRB vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W. R. Berkley Corporation (WRB) and Philip Morris International Inc. (PM). 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.
| WRB | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.05 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.18 | -0.46 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.34 | -0.88 |
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Drawdowns
WRB vs. PM - Drawdown Comparison
The maximum WRB drawdown since its inception was -69.33%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for WRB and PM.
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Drawdown Indicators
| WRB | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.33% | -42.87% | -26.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -20.64% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -20.64% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -22.78% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.35% | -42.87% | -2.48% |
Current DrawdownCurrent decline from peak | -11.49% | -3.94% | -7.55% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -10.02% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 10.81% | -1.52% |
Volatility
WRB vs. PM - Volatility Comparison
W. R. Berkley Corporation (WRB) and Philip Morris International Inc. (PM) have volatilities of 7.63% and 7.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRB | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 7.76% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 21.07% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 27.73% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 22.73% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.56% | 24.46% | +0.10% |
Dividends
WRB vs. PM - Dividend Comparison
WRB's dividend yield for the trailing twelve months is around 2.72%, less than PM's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
WRB W. R. Berkley Corporation | 2.72% | 2.64% | 2.39% | 2.73% | 1.22% | 2.44% | 0.71% | 2.43% | 2.83% | 2.16% | 2.27% | 0.86% |
Financials
WRB vs. PM - Financials Comparison
This section allows you to compare key financial metrics between W. R. Berkley Corporation and Philip Morris International 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
WRB vs. PM - Profitability Comparison
WRB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a gross profit of 765.46M and revenue of 3.72B. Therefore, the gross margin over that period was 20.6%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
WRB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported an operating income of 606.51M and revenue of 3.72B, resulting in an operating margin of 16.3%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
WRB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, W. R. Berkley Corporation reported a net income of 449.51M and revenue of 3.72B, resulting in a net margin of 12.1%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
WRB and PM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (7.76%) compared to WRB (7.63%). In terms of maximum drawdown, WRB dropped -69.33% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.13 vs -0.24), 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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