BCH vs. SBS
BCH (Banco de Chile) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. BCH operates in Banks - Regional (Financial Services), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 10 years, BCH returned 13.50%/yr vs 16.07%/yr for SBS. At a 0.33 correlation, their price movements are largely independent.
Performance
BCH vs. SBS - Performance Comparison
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Returns By Period
In the year-to-date period, BCH achieves a 7.61% return, which is significantly lower than SBS's 14.44% return. Over the past 10 years, BCH has underperformed SBS with an annualized return of 13.50%, while SBS has yielded a comparatively higher 16.07% annualized return.
BCH
- 1D
- 6.05%
- 1M
- 6.79%
- YTD
- 7.61%
- 6M
- 8.46%
- 1Y
- 35.45%
- 3Y*
- 30.56%
- 5Y*
- 22.62%
- 10Y*
- 13.50%
SBS
- 1D
- 1.88%
- 1M
- -14.65%
- YTD
- 14.44%
- 6M
- 14.49%
- 1Y
- 41.53%
- 3Y*
- 39.23%
- 5Y*
- 33.18%
- 10Y*
- 16.07%
BCH vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 7.61% | 81.24% | 6.15% | 23.37% | 41.22% | -20.93% | 2.32% | -24.00% | -6.21% | 45.00% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 14.44% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
Correlation
The correlation between BCH and SBS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 10, 2002 | 0.33 |
The correlation between BCH and SBS shifts across timeframes, from 0.32 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BCH:
$19.47B
SBS:
$19.10B
BCH:
$2.26K
SBS:
$2.48
BCH:
0.02
SBS:
2.19
BCH:
0.00
SBS:
0.04
BCH:
0.01
SBS:
0.48
BCH:
0.00
SBS:
0.44
BCH:
$3.07T
SBS:
$38.70B
BCH:
$2.62T
SBS:
$13.96B
BCH:
$1.55T
SBS:
$14.87B
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Return for Risk
BCH vs. SBS — Risk / Return Rank
BCH
SBS
BCH vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco de Chile (BCH) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). 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.
| BCH | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.68 | +0.10 |
| Martin ratioReturn relative to average drawdown | 3.92 | 5.29 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCH | SBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.23 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.90 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.37 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.35 | +0.14 |
Drawdowns
BCH vs. SBS - Drawdown Comparison
The maximum BCH drawdown since its inception was -57.68%, smaller than the maximum SBS drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for BCH and SBS.
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Drawdown Indicators
| BCH | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -76.49% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.99% | -24.88% | +4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -24.88% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -30.35% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -61.91% | +4.23% |
Current DrawdownCurrent decline from peak | -11.80% | -23.47% | +11.67% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -25.70% | +12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.06% | 7.88% | +1.18% |
Volatility
BCH vs. SBS - Volatility Comparison
Banco de Chile (BCH) has a higher volatility of 10.15% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 9.39%. This indicates that BCH's price experiences larger fluctuations and is considered to be riskier than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCH | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 9.39% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 24.58% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.32% | 33.87% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.41% | 36.91% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.20% | 43.52% | -14.32% |
Dividends
BCH vs. SBS - Dividend Comparison
BCH's dividend yield for the trailing twelve months is around 5.68%, more than SBS's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 5.68% | 5.54% | 7.46% | 9.01% | 6.39% | 3.76% | 3.95% | 5.04% | 3.55% | 2.20% | 3.32% | 4.35% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.35% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
BCH vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Banco de Chile and Companhia de Saneamento Básico do Estado de São Paulo - SABESP. 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
BCH vs. SBS - Profitability Comparison
BCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a gross profit of 661.74B and revenue of 1.05T. Therefore, the gross margin over that period was 62.8%.
SBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.79B and revenue of 9.78B. Therefore, the gross margin over that period was 38.8%.
BCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported an operating income of 359.62B and revenue of 1.05T, resulting in an operating margin of 34.2%.
SBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.33B and revenue of 9.78B, resulting in an operating margin of 34.1%.
BCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a net income of 278.58B and revenue of 1.05T, resulting in a net margin of 26.5%.
SBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 1.72B and revenue of 9.78B, resulting in a net margin of 17.6%.
Frequently Asked Questions
BCH and SBS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCH has higher volatility (10.15%) compared to SBS (9.39%). In terms of maximum drawdown, BCH dropped -57.68% vs SBS's -76.49%.
SBS currently has the higher Sharpe Ratio (1.23 vs 1.17), 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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