GGB vs. UNP
GGB (Gerdau S.A.) and UNP (Union Pacific Corporation) are both stocks. GGB operates in Steel (Basic Materials), while UNP operates in Railroads (Industrials). Over the past 10 years, GGB returned 17.21%/yr vs 14.23%/yr for UNP. At a 0.35 correlation, their price movements are largely independent.
Performance
GGB vs. UNP - Performance Comparison
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Returns By Period
In the year-to-date period, GGB achieves a 14.50% return, which is significantly higher than UNP's 12.97% return. Over the past 10 years, GGB has outperformed UNP with an annualized return of 17.21%, while UNP has yielded a comparatively lower 14.23% annualized return.
GGB
- 1D
- -1.88%
- 1M
- -12.21%
- YTD
- 14.50%
- 6M
- 12.97%
- 1Y
- 49.38%
- 3Y*
- 2.77%
- 5Y*
- 4.46%
- 10Y*
- 17.21%
UNP
- 1D
- -0.50%
- 1M
- -2.23%
- YTD
- 12.97%
- 6M
- 11.60%
- 1Y
- 17.09%
- 3Y*
- 11.44%
- 5Y*
- 5.79%
- 10Y*
- 14.23%
GGB vs. UNP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGB Gerdau S.A. | 14.50% | 32.78% | -25.80% | -1.92% | 28.40% | 18.51% | -3.34% | 33.07% | 2.53% | 18.92% |
UNP Union Pacific Corporation | 12.97% | 3.86% | -5.10% | 21.61% | -15.93% | 23.31% | 17.64% | 33.70% | 5.26% | 32.30% |
Correlation
The correlation between GGB and UNP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.35 |
The correlation between GGB and UNP shifts across timeframes, from 0.21 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GGB:
$8.27B
UNP:
$153.51B
GGB:
R$0.82
UNP:
$9.29
GGB:
26.09
UNP:
27.85
GGB:
0.62
UNP:
8.31
GGB:
0.81
UNP:
7.91K
GGB:
R$69.20B
UNP:
$18.49B
GGB:
R$8.31B
UNP:
$8.47B
GGB:
R$8.02B
UNP:
$9.89B
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Return for Risk
GGB vs. UNP — Risk / Return Rank
GGB
UNP
GGB vs. UNP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gerdau S.A. (GGB) and Union Pacific Corporation (UNP). 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.
| GGB | UNP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.40 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.81 | 3.33 | +2.48 |
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Drawdowns
GGB vs. UNP - Drawdown Comparison
The maximum GGB drawdown since its inception was -96.39%, which is greater than UNP's maximum drawdown of -67.49%. Use the drawdown chart below to compare losses from any high point for GGB and UNP.
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Drawdown Indicators
| GGB | UNP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.39% | -67.49% | -28.90% |
Max Drawdown (1Y)Largest decline over 1 year | -28.28% | -12.28% | -16.00% |
Max Drawdown (3Y)Largest decline over 3 years | -51.23% | -17.75% | -33.48% |
Max Drawdown (5Y)Largest decline over 5 years | -51.23% | -31.83% | -19.40% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -38.72% | -28.83% |
Current DrawdownCurrent decline from peak | -62.46% | -6.96% | -55.50% |
Average DrawdownAverage peak-to-trough decline | -52.32% | -17.06% | -35.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 5.15% | +3.37% |
Volatility
GGB vs. UNP - Volatility Comparison
Gerdau S.A. (GGB) has a higher volatility of 13.15% compared to Union Pacific Corporation (UNP) at 8.74%. This indicates that GGB's price experiences larger fluctuations and is considered to be riskier than UNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGB | UNP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 8.74% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 26.65% | 17.69% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.90% | 21.94% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.05% | 22.87% | +16.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.76% | 25.34% | +21.42% |
Dividends
GGB vs. UNP - Dividend Comparison
GGB's dividend yield for the trailing twelve months is around 3.10%, more than UNP's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGB Gerdau S.A. | 3.10% | 3.05% | 5.07% | 6.63% | 12.79% | 11.48% | 1.33% | 1.48% | 1.60% | 0.34% | 0.38% | 4.15% |
UNP Union Pacific Corporation | 2.13% | 2.35% | 2.32% | 2.12% | 2.45% | 1.70% | 1.86% | 2.05% | 2.21% | 1.85% | 2.17% | 2.81% |
Financials
GGB vs. UNP - Financials Comparison
This section allows you to compare key financial metrics between Gerdau S.A. and Union Pacific Corporation. 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
GGB vs. UNP - Profitability Comparison
GGB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported a gross profit of 2.29B and revenue of 16.72B. Therefore, the gross margin over that period was 13.7%.
UNP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Union Pacific Corporation reported a gross profit of 4.35M and revenue of 6.22M. Therefore, the gross margin over that period was 69.9%.
GGB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported an operating income of 1.75B and revenue of 16.72B, resulting in an operating margin of 10.5%.
UNP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Union Pacific Corporation reported an operating income of 2.46M and revenue of 6.22M, resulting in an operating margin of 39.5%.
GGB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported a net income of 1.00B and revenue of 16.72B, resulting in a net margin of 6.0%.
UNP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Union Pacific Corporation reported a net income of 1.70M and revenue of 6.22M, resulting in a net margin of 27.4%.
Frequently Asked Questions
GGB and UNP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGB has higher volatility (13.15%) compared to UNP (8.74%). In terms of maximum drawdown, GGB dropped -96.39% vs UNP's -67.49%.
GGB currently has the higher Sharpe Ratio (1.46 vs 0.78), 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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