ALIZY vs. SOBO.TO

Last updated Jun 13, 2026

ALIZY (Allianz SE ADR) and SOBO.TO (South Bow Corp) are both stocks. ALIZY operates in Insurance - Diversified (Financial Services), while SOBO.TO operates in Oil & Gas Midstream (Energy). Over the past year, ALIZY returned 17.68% vs 50.32% for SOBO.TO. At a correlation of -0.00, they often move in opposite directions.

Performance

ALIZY vs. SOBO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianz SE ADR (ALIZY) and South Bow Corp (SOBO.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ALIZY is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ALIZY achieves a 1.59% return, which is significantly lower than SOBO.TO's 40.32% return.

ALIZY

• 1D: 0.01%
• 1M: 2.36%
• YTD: 1.59%
• 6M: 4.55%
• 1Y: 17.68%
• 3Y*: 31.68%
• 5Y*: 16.69%
• 10Y*: —

SOBO.TO

• 1D: 0.96%
• 1M: 5.83%
• YTD: 40.32%
• 6M: 44.41%
• 1Y: 50.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALIZY vs. SOBO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ALIZY Allianz SE ADR	1.59%	56.96%	-7.34%
SOBO.TO South Bow Corp	40.32%	25.61%	15.72%

Correlation

The correlation between ALIZY and SOBO.TO is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.00

Fundamentals

Market Cap ALIZY : $170.87B SOBO.TO : CA$11.12B
EPS ALIZY : €3.16 SOBO.TO : $2.03
PE Ratio ALIZY : 12.25 SOBO.TO : 18.81
PEG Ratio ALIZY : 0.85 SOBO.TO : 3.47
PS Ratio ALIZY : 1.04 SOBO.TO : 4.37
PB Ratio ALIZY : 2.24 SOBO.TO : 2.99
Total Revenue (TTM) ALIZY : €141.95B SOBO.TO : $1.82B
Gross Profit (TTM) ALIZY : €116.91B SOBO.TO : $893.03M
EBITDA (TTM) ALIZY : €1.56B SOBO.TO : $851.07M

Return for Risk

ALIZY vs. SOBO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALIZY

ALIZY Risk / Return Rank: 67
ALIZY Sharpe Ratio Rank: 71
ALIZY Sortino Ratio Rank: 64
ALIZY Omega Ratio Rank: 62
ALIZY Calmar Ratio Rank: 68
ALIZY Martin Ratio Rank: 71

SOBO.TO

SOBO.TO Risk / Return Rank: 92
SOBO.TO Sharpe Ratio Rank: 94
SOBO.TO Sortino Ratio Rank: 94
SOBO.TO Omega Ratio Rank: 92
SOBO.TO Calmar Ratio Rank: 91
SOBO.TO Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALIZY vs. SOBO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianz SE ADR (ALIZY) and South Bow Corp (SOBO.TO). 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.

	ALIZY	SOBO.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.51	-1.62
Sortino ratio: Return per unit of downside risk	1.31	3.41	-2.10
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.31	3.99	-2.68
Martin ratio: Return relative to average drawdown	3.39	11.40	-8.01

ALIZY vs. SOBO.TO - Sharpe Ratio Comparison

The current ALIZY Sharpe Ratio is 0.89, which is lower than the SOBO.TO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of ALIZY and SOBO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALIZY vs. SOBO.TO - Drawdown Comparison

The maximum ALIZY drawdown since its inception was -49.10%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for ALIZY and SOBO.TO.

Drawdown Indicators

	ALIZY	SOBO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.10%	-27.09%	-22.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.55%	-12.68%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.14%	—	—
Current Drawdown Current decline from peak	-1.35%	-0.37%	-0.98%
Average Drawdown Average peak-to-trough decline	-8.65%	-4.27%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	4.44%	+0.79%

Volatility

ALIZY vs. SOBO.TO - Volatility Comparison

The current volatility for Allianz SE ADR (ALIZY) is 6.09%, while South Bow Corp (SOBO.TO) has a volatility of 7.09%. This indicates that ALIZY experiences smaller price fluctuations and is considered to be less risky than SOBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALIZY	SOBO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	7.09%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	14.83%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	20.21%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	44.59%	-22.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	44.59%	-16.95%

Dividends

ALIZY vs. SOBO.TO - Dividend Comparison

ALIZY's dividend yield for the trailing twelve months is around 4.37%, less than SOBO.TO's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ALIZY Allianz SE ADR	4.37%	3.71%	4.91%	4.70%	5.43%	4.87%	2.95%
SOBO.TO South Bow Corp	5.18%	7.37%	2.12%	0.00%	0.00%	0.00%	0.00%

Financials

ALIZY vs. SOBO.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Allianz SE ADR and South Bow Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALIZY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported a gross profit of 24.81B and revenue of 31.07B. Therefore, the gross margin over that period was 79.9%.

SOBO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.

ALIZY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported an operating income of 5.12B and revenue of 31.07B, resulting in an operating margin of 16.5%.

SOBO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.

ALIZY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allianz SE ADR reported a net income of 3.69B and revenue of 31.07B, resulting in a net margin of 11.9%.

SOBO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.

Frequently Asked Questions

Can I hold both ALIZY and SOBO.TO in my portfolio?

ALIZY and SOBO.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.