ESLT vs. SBS
ESLT (Elbit Systems Ltd) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. ESLT operates in Aerospace & Defense (Industrials), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 10 years, ESLT returned 26.53%/yr vs 16.43%/yr for SBS. At a 0.20 correlation, their price movements are largely independent.
Performance
ESLT vs. SBS - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly higher than SBS's 15.28% return. Over the past 10 years, ESLT has outperformed SBS with an annualized return of 26.53%, while SBS has yielded a comparatively lower 16.43% annualized return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
SBS
- 1D
- -0.18%
- 1M
- -6.98%
- YTD
- 15.28%
- 6M
- 14.60%
- 1Y
- 38.40%
- 3Y*
- 40.12%
- 5Y*
- 32.68%
- 10Y*
- 16.43%
ESLT vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.28% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
Correlation
The correlation between ESLT and SBS is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 10, 2002 | 0.21 |
The correlation between ESLT and SBS shifts across timeframes, from 0.10 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ESLT:
$41.10B
SBS:
$19.24B
ESLT:
$12.36
SBS:
R$2.48
ESLT:
69.08
SBS:
11.24
ESLT:
3.27
SBS:
0.22
ESLT:
4.93
SBS:
2.48
ESLT:
9.65
SBS:
2.27
ESLT:
$8.23B
SBS:
R$38.70B
ESLT:
$2.03B
SBS:
R$13.96B
ESLT:
$861.06M
SBS:
R$14.87B
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Return for Risk
ESLT vs. SBS — Risk / Return Rank
ESLT
SBS
ESLT vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
| ESLT | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.55 | +2.28 |
| Martin ratioReturn relative to average drawdown | 10.61 | 4.65 | +5.96 |
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Drawdowns
ESLT vs. SBS - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum SBS drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for ESLT and SBS.
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Drawdown Indicators
| ESLT | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -76.49% | +22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -24.88% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -24.88% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -30.35% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -61.91% | +29.02% |
Current DrawdownCurrent decline from peak | -15.71% | -22.90% | +7.19% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -25.70% | +11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 8.28% | +1.08% |
Volatility
ESLT vs. SBS - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 19.89% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 8.92%. This indicates that ESLT'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
| ESLT | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 8.92% | +10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 24.61% | +11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 33.86% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 36.90% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 43.51% | -14.09% |
Dividends
ESLT vs. SBS - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, less than SBS's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
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
ESLT vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd 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
ESLT vs. SBS - Profitability Comparison
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
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%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
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%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
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
ESLT and SBS have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (19.89%) compared to SBS (8.92%). In terms of maximum drawdown, ESLT dropped -53.79% vs SBS's -76.49%.
ESLT currently has the higher Sharpe Ratio (2.26 vs 1.14), 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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