CDZI vs. SBS
CDZI (Cadiz Inc.) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. Both operate in the Utilities - Regulated Water industry within the Utilities sector. Over the past 10 years, CDZI returned -7.71%/yr vs 15.20%/yr for SBS. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
CDZI vs. SBS - Performance Comparison
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Returns By Period
In the year-to-date period, CDZI achieves a -46.70% return, which is significantly lower than SBS's 15.07% return. Over the past 10 years, CDZI has underperformed SBS with an annualized return of -7.71%, while SBS has yielded a comparatively higher 15.20% annualized return.
CDZI
- 1D
- -4.78%
- 1M
- -28.64%
- 6M
- -46.99%
- YTD
- -46.70%
- 1Y
- -0.66%
- 3Y*
- -9.69%
- 5Y*
- -26.08%
- 10Y*
- -7.71%
- ALL TIME*
- -8.15%
SBS
- 1D
- -0.37%
- 1M
- -5.22%
- 6M
- 2.18%
- YTD
- 15.07%
- 1Y
- 47.63%
- 3Y*
- 37.63%
- 5Y*
- 36.23%
- 10Y*
- 15.20%
- ALL TIME*
- 15.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CDZI Cadiz Inc. | $3.74M | $4.82M | $4.11M |
| $35.81M | $31.80M | $35.48M |
CDZI vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDZI Cadiz Inc. | -46.70% | 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 | 15.07% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
Correlation
The correlation between CDZI and SBS is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 10, 2002 | 0.15 |
Fundamentals
CDZI:
$251.42M
SBS:
$18.63B
CDZI:
-$0.42
SBS:
R$2.47
CDZI:
14.96
SBS:
2.46
CDZI:
10.42
SBS:
2.25
CDZI:
$16.31M
SBS:
R$38.70B
CDZI:
$5.15M
SBS:
R$13.96B
CDZI:
-$25.60M
SBS:
R$14.87B
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Return for Risk
CDZI vs. SBS — Risk / Return Rank
CDZI
SBS
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.
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.
| CDZI | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.92 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.23 | 4.70 | -4.93 |
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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.
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Drawdown Indicators
| CDZI | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.57% | -76.49% | -23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -56.94% | -25.87% | -31.07% |
Max Drawdown (3Y)Largest decline over 3 years | -56.94% | -25.87% | -31.07% |
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 DrawdownCurrent decline from peak | -99.13% | -23.04% | -76.09% |
Average DrawdownAverage peak-to-trough decline | -75.84% | -25.67% | -50.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.07% | 10.54% | +15.53% |
Volatility
CDZI vs. SBS - Volatility Comparison
Cadiz Inc. (CDZI) has a higher volatility of 22.55% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 10.11%. This indicates that CDZI'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
| CDZI | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.55% | 10.11% | +12.44% |
Volatility (6M)Calculated over the trailing 6-month period | 44.11% | 24.42% | +19.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.62% | 34.50% | +29.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.04% | 36.73% | +36.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.10% | 43.47% | +14.63% |
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 2.33%.
| Position | 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 | 2.33% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
CDZI vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Cadiz Inc. 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
Frequently Asked Questions
CDZI and SBS have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDZI has higher volatility (22.55%) compared to SBS (10.11%). In terms of maximum drawdown, CDZI dropped -99.57% vs SBS's -76.49%.
SBS currently has the higher Sharpe Ratio (1.44 vs -0.09), 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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