CDZI vs. SBS

Last updated Apr 1, 2026

Compare and contrast key facts about Cadiz Inc. (CDZI) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS).

Performance

CDZI vs. SBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadiz Inc. (CDZI) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). The values are adjusted to include any dividend payments, if applicable.

CDZI vs. SBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDZI Cadiz Inc.	-12.48%	7.88%	85.71%	12.00%	-35.23%	-63.76%	-3.36%	6.99%	-27.72%	14.00%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	28.84%	80.60%	-4.21%	46.89%	48.42%	-13.79%	-40.98%	91.22%	-20.37%	23.83%

Fundamentals

Market Cap CDZI : $398.02M SBS : $20.88B
EPS CDZI : -$0.42 SBS : $12.14
PS Ratio CDZI : 24.59 SBS : 0.56
PB Ratio CDZI : 17.12 SBS : 0.49
Total Revenue (TTM) CDZI : $16.31M SBS : $37.34B
Gross Profit (TTM) CDZI : $5.15M SBS : $13.68B
EBITDA (TTM) CDZI : -$25.60M SBS : $14.20B

Returns By Period

In the year-to-date period, CDZI achieves a -12.48% return, which is significantly lower than SBS's 28.84% return. Over the past 10 years, CDZI has underperformed SBS with an annualized return of -0.36%, while SBS has yielded a comparatively higher 19.90% annualized return.

CDZI

• 1D: 0.82%
• 1M: -5.58%
• YTD: -12.48%
• 6M: 4.03%
• 1Y: 67.58%
• 3Y*: 6.72%
• 5Y*: -12.59%
• 10Y*: -0.36%

SBS

• 1D: 3.67%
• 1M: 2.39%
• YTD: 28.84%
• 6M: 29.57%
• 1Y: 86.69%
• 3Y*: 51.63%
• 5Y*: 37.85%
• 10Y*: 19.90%

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

Return for Risk

CDZI vs. SBS — Risk / Return Rank

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

CDZI

CDZI Risk / Return Rank: 74
CDZI Sharpe Ratio Rank: 78
CDZI Sortino Ratio Rank: 74
CDZI Omega Ratio Rank: 69
CDZI Calmar Ratio Rank: 74
CDZI Martin Ratio Rank: 74

SBS

SBS Risk / Return Rank: 94
SBS Sharpe Ratio Rank: 95
SBS Sortino Ratio Rank: 93
SBS Omega Ratio Rank: 91
SBS Calmar Ratio Rank: 96
SBS Martin Ratio Rank: 95

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.

CDZI vs. SBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadiz Inc. (CDZI) 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.

	CDZI	SBS	Difference
Sharpe ratio Return per unit of total volatility	1.14	2.62	-1.49
Sortino ratio Return per unit of downside risk	1.79	3.26	-1.47
Omega ratio Gain probability vs. loss probability	1.21	1.41	-0.21
Calmar ratio Return relative to maximum drawdown	1.72	6.38	-4.66
Martin ratio Return relative to average drawdown	4.38	16.30	-11.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDZI vs. SBS - Sharpe Ratio Comparison

The current CDZI Sharpe Ratio is 1.14, which is lower than the SBS Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CDZI and SBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDZI	SBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.62	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	1.03	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.46	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.37	-0.43

Correlation

The correlation between CDZI and SBS is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CDZI vs. SBS - Dividend Comparison

CDZI has not paid dividends to shareholders, while SBS's dividend yield for the trailing twelve months is around 4.17%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDZI Cadiz 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%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	4.17%	4.68%	1.96%	1.66%	1.88%	0.97%	2.93%	1.99%	3.86%	2.76%	0.65%	1.91%

Drawdowns

CDZI vs. SBS - Drawdown Comparison

The maximum CDZI drawdown since its inception was -99.57%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for CDZI and SBS.

Drawdown Indicators

	CDZI	SBS	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-76.49%	-23.08%
Max Drawdown (1Y) Largest decline over 1 year	-34.25%	-13.39%	-20.86%
Max Drawdown (5Y) Largest decline over 5 years	-89.21%	-30.35%	-58.86%
Max Drawdown (10Y) Largest decline over 10 years	-90.16%	-61.91%	-28.25%
Current Drawdown Current decline from peak	-98.58%	0.00%	-98.58%
Average Drawdown Average peak-to-trough decline	-75.64%	-25.83%	-49.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.44%	5.24%	+8.20%

Volatility

CDZI vs. SBS - Volatility Comparison

The current volatility for Cadiz Inc. (CDZI) is 11.85%, while Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a volatility of 14.20%. This indicates that CDZI experiences smaller price fluctuations and is considered to be less risky than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDZI	SBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	14.20%	-2.35%
Volatility (6M) Calculated over the trailing 6-month period	45.13%	23.58%	+21.55%
Volatility (1Y) Calculated over the trailing 1-year period	60.02%	33.23%	+26.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.51%	37.08%	+34.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.68%	43.62%	+14.06%

Financials