ZTS vs. PM
ZTS (Zoetis Inc.) and PM (Philip Morris International Inc.) are both stocks. ZTS operates in Drug Manufacturers - Specialty & Generic (Healthcare), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, ZTS returned 6.24%/yr vs 11.71%/yr for PM. At a 0.27 correlation, their price movements are largely independent.
Performance
ZTS vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, ZTS achieves a -36.21% return, which is significantly lower than PM's 15.93% return. Over the past 10 years, ZTS has underperformed PM with an annualized return of 6.24%, while PM has yielded a comparatively higher 11.71% annualized return.
ZTS
- 1D
- -2.25%
- 1M
- 7.21%
- YTD
- -36.21%
- 6M
- -32.36%
- 1Y
- -50.83%
- 3Y*
- -20.79%
- 5Y*
- -14.41%
- 10Y*
- 6.24%
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%
ZTS vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTS Zoetis Inc. | -36.21% | -21.75% | -16.63% | 35.91% | -39.51% | 48.26% | 25.76% | 55.71% | 19.45% | 35.55% |
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 ZTS and PM is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2013 | 0.27 |
The correlation between ZTS and PM shifts across timeframes, from 0.10 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ZTS:
$33.61B
PM:
$288.03B
ZTS:
$6.04
PM:
$7.12
ZTS:
13.17
PM:
25.90
ZTS:
1.48
PM:
2.81
ZTS:
3.66
PM:
6.93
ZTS:
$9.51B
PM:
$41.49B
ZTS:
$6.73B
PM:
$27.93B
ZTS:
$3.95B
PM:
$17.74B
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Return for Risk
ZTS vs. PM — Risk / Return Rank
ZTS
PM
ZTS vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zoetis Inc. (ZTS) 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.
| ZTS | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.66 | 1.05 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.18 | -1.14 |
| Martin ratioReturn relative to average drawdown | -2.09 | 0.34 | -2.43 |
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Drawdowns
ZTS vs. PM - Drawdown Comparison
The maximum ZTS drawdown since its inception was -68.48%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for ZTS and PM.
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Drawdown Indicators
| ZTS | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -42.87% | -25.61% |
Max Drawdown (1Y)Largest decline over 1 year | -54.15% | -20.64% | -33.51% |
Max Drawdown (3Y)Largest decline over 3 years | -61.77% | -20.64% | -41.13% |
Max Drawdown (5Y)Largest decline over 5 years | -68.48% | -22.78% | -45.70% |
Max Drawdown (10Y)Largest decline over 10 years | -68.48% | -42.87% | -25.61% |
Current DrawdownCurrent decline from peak | -66.20% | -3.94% | -62.26% |
Average DrawdownAverage peak-to-trough decline | -14.85% | -10.02% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.53% | 10.81% | +15.72% |
Volatility
ZTS vs. PM - Volatility Comparison
Zoetis Inc. (ZTS) has a higher volatility of 8.65% compared to Philip Morris International Inc. (PM) at 7.76%. This indicates that ZTS's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTS | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 7.76% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 31.45% | 21.07% | +10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.73% | 27.73% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.77% | 22.73% | +6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 24.46% | +2.64% |
Dividends
ZTS vs. PM - Dividend Comparison
ZTS's dividend yield for the trailing twelve months is around 2.59%, 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% |
ZTS Zoetis Inc. | 2.59% | 1.59% | 1.06% | 0.76% | 0.89% | 0.41% | 0.48% | 0.50% | 0.59% | 0.58% | 0.71% | 0.69% |
Financials
ZTS vs. PM - Financials Comparison
This section allows you to compare key financial metrics between Zoetis Inc. 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
ZTS vs. PM - Profitability Comparison
ZTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported a gross profit of 1.62B and revenue of 2.26B. Therefore, the gross margin over that period was 71.7%.
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%.
ZTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported an operating income of 853.00M and revenue of 2.26B, resulting in an operating margin of 37.7%.
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%.
ZTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported a net income of 601.00M and revenue of 2.26B, resulting in a net margin of 26.6%.
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
ZTS and PM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZTS has higher volatility (8.65%) compared to PM (7.76%). In terms of maximum drawdown, ZTS dropped -68.48% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.13 vs -1.46), 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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