CWCO vs. SBS

Last updated Jun 3, 2026

CWCO (Consolidated Water Co. Ltd.) 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, CWCO returned 10.73%/yr vs 17.12%/yr for SBS. At a 0.19 correlation, their price movements are largely independent.

Performance

CWCO vs. SBS - Performance Comparison

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

Returns By Period

In the year-to-date period, CWCO achieves a -14.29% return, which is significantly lower than SBS's 16.76% return. Over the past 10 years, CWCO has underperformed SBS with an annualized return of 10.73%, while SBS has yielded a comparatively higher 17.12% annualized return.

CWCO

• 1D: -0.17%
• 1M: -6.63%
• YTD: -14.29%
• 6M: -9.74%
• 1Y: 12.27%
• 3Y*: 16.05%
• 5Y*: 20.78%
• 10Y*: 10.73%

SBS

• 1D: 1.28%
• 1M: -16.94%
• YTD: 16.76%
• 6M: 8.45%
• 1Y: 44.33%
• 3Y*: 41.93%
• 5Y*: 33.33%
• 10Y*: 17.12%

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

CWCO vs. SBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWCO Consolidated Water Co. Ltd.	-14.29%	38.70%	-26.46%	144.17%	42.62%	-9.12%	-24.11%	43.03%	-4.40%	18.30%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	16.76%	80.60%	-4.21%	46.89%	48.42%	-13.79%	-40.98%	91.22%	-20.37%	23.83%

Correlation

The correlation between CWCO and SBS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 13, 2002	0.19

Fundamentals

EPS CWCO : $1.44 SBS : $2.48
PE Ratio CWCO : 20.80 SBS : 2.23
PEG Ratio CWCO : 0.09 SBS : 0.04
PS Ratio CWCO : 2.81 SBS : 0.49
Total Revenue (TTM) CWCO : $128.33M SBS : $38.70B
Gross Profit (TTM) CWCO : $46.99M SBS : $13.96B
EBITDA (TTM) CWCO : $22.17M SBS : $14.87B

Return for Risk

CWCO vs. SBS — Risk / Return Rank

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

CWCO

CWCO Risk / Return Rank: 51
CWCO Sharpe Ratio Rank: 54
CWCO Sortino Ratio Rank: 47
CWCO Omega Ratio Rank: 48
CWCO Calmar Ratio Rank: 52
CWCO Martin Ratio Rank: 55

SBS

SBS Risk / Return Rank: 74
SBS Sharpe Ratio Rank: 78
SBS Sortino Ratio Rank: 74
SBS Omega Ratio Rank: 70
SBS Calmar Ratio Rank: 72
SBS Martin Ratio Rank: 78

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.

CWCO vs. SBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consolidated Water Co. Ltd. (CWCO) 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.

	CWCO	SBS	Difference
Sharpe ratio Return per unit of total volatility	0.41	1.32	-0.91
Sortino ratio Return per unit of downside risk	0.77	1.97	-1.20
Omega ratio Gain probability vs. loss probability	1.10	1.23	-0.13
Calmar ratio Return relative to maximum drawdown	0.51	1.85	-1.34
Martin ratio Return relative to average drawdown	1.46	5.93	-4.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWCO vs. SBS - Sharpe Ratio Comparison

The current CWCO Sharpe Ratio is 0.41, which is lower than the SBS Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of CWCO and SBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CWCO	SBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	1.32	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.91	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.39	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.35	-0.12

Drawdowns

CWCO vs. SBS - Drawdown Comparison

The maximum CWCO drawdown since its inception was -81.47%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for CWCO and SBS.

Drawdown Indicators

	CWCO	SBS	Difference
Max Drawdown Largest peak-to-trough decline	-81.47%	-76.49%	-4.98%
Max Drawdown (1Y) Largest decline over 1 year	-25.29%	-22.90%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	-23.79%	-14.44%
Max Drawdown (5Y) Largest decline over 5 years	-38.23%	-30.35%	-7.88%
Max Drawdown (10Y) Largest decline over 10 years	-47.74%	-61.91%	+14.17%
Current Drawdown Current decline from peak	-21.60%	-21.91%	+0.31%
Average Drawdown Average peak-to-trough decline	-38.29%	-25.71%	-12.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.80%	7.13%	+1.67%

Volatility

CWCO vs. SBS - Volatility Comparison

Consolidated Water Co. Ltd. (CWCO) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) have volatilities of 9.60% and 9.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWCO	SBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.60%	9.36%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	25.50%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	30.16%	33.77%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.36%	36.88%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.02%	43.57%	-5.55%

Dividends

CWCO vs. SBS - Dividend Comparison

CWCO's dividend yield for the trailing twelve months is around 1.87%, less than SBS's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWCO Consolidated Water Co. Ltd.	1.87%	1.42%	1.16%	1.01%	2.30%	3.20%	2.82%	2.09%	3.64%	1.79%	2.76%	2.45%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	2.30%	4.68%	1.96%	1.66%	1.88%	0.97%	2.93%	1.99%	3.86%	2.76%	0.65%	1.91%

Financials

CWCO vs. SBS - Profitability Comparison

The chart below illustrates the profitability comparison between Consolidated Water Co. Ltd. and Companhia de Saneamento Básico do Estado de São Paulo - SABESP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CWCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Consolidated Water Co. Ltd. reported a gross profit of 10.92M and revenue of 29.97M. Therefore, the gross margin over that period was 36.4%.

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%.

CWCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Consolidated Water Co. Ltd. reported an operating income of 3.44M and revenue of 29.97M, resulting in an operating margin of 11.5%.

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%.

CWCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Consolidated Water Co. Ltd. reported a net income of 3.78M and revenue of 29.97M, resulting in a net margin of 12.6%.

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

Can I hold both CWCO and SBS in my portfolio?

CWCO and SBS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWCO or SBS?

CWCO has higher volatility (9.60%) compared to SBS (9.36%). In terms of maximum drawdown, CWCO dropped -81.47% vs SBS's -76.49%.

Which has better risk-adjusted returns?

SBS currently has the higher Sharpe Ratio (1.32 vs 0.41), 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.