ISMAY vs. SBS

Last updated Jun 4, 2026

ISMAY (Indra Sistemas SA) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. ISMAY operates in Information Technology Services (Technology), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 10 years, ISMAY returned 19.25%/yr vs 16.84%/yr for SBS. At a 0.17 correlation, their price movements are largely independent.

Performance

ISMAY vs. SBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Indra Sistemas SA (ISMAY) 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, ISMAY achieves a 7.10% return, which is significantly lower than SBS's 14.02% return. Over the past 10 years, ISMAY has outperformed SBS with an annualized return of 19.25%, while SBS has yielded a comparatively lower 16.84% annualized return.

ISMAY

• 1D: -1.81%
• 1M: 5.04%
• YTD: 7.10%
• 6M: 10.11%
• 1Y: 45.18%
• 3Y*: 78.39%
• 5Y*: 50.02%
• 10Y*: 19.25%

SBS

• 1D: -2.35%
• 1M: -17.83%
• YTD: 14.02%
• 6M: 6.93%
• 1Y: 38.88%
• 3Y*: 40.81%
• 5Y*: 32.43%
• 10Y*: 16.84%

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

ISMAY vs. SBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISMAY Indra Sistemas SA	7.10%	237.22%	12.29%	41.74%	6.62%	24.86%	-22.87%	17.99%	-31.73%	25.27%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	14.02%	80.60%	-4.21%	46.89%	48.42%	-13.79%	-40.98%	91.22%	-20.37%	23.83%

Correlation

The correlation between ISMAY and SBS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 24, 2011	0.17

The correlation between ISMAY and SBS shifts across timeframes, from 0.05 (3 years) to 0.17 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ISMAY : $5.38B SBS : $19.03B
EPS ISMAY : $2.95 SBS : $2.48
PE Ratio ISMAY : 10.39 SBS : 2.18
PEG Ratio ISMAY : 0.82 SBS : 0.04
PS Ratio ISMAY : 0.84 SBS : 0.48
PB Ratio ISMAY : 2.92 SBS : 0.44
Total Revenue (TTM) ISMAY : $5.63B SBS : $38.70B
Gross Profit (TTM) ISMAY : $764.42M SBS : $13.96B
EBITDA (TTM) ISMAY : $796.40M SBS : $14.87B

Return for Risk

ISMAY vs. SBS — Risk / Return Rank

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

ISMAY

ISMAY Risk / Return Rank: 67
ISMAY Sharpe Ratio Rank: 68
ISMAY Sortino Ratio Rank: 65
ISMAY Omega Ratio Rank: 63
ISMAY Calmar Ratio Rank: 67
ISMAY Martin Ratio Rank: 70

SBS

SBS Risk / Return Rank: 71
SBS Sharpe Ratio Rank: 75
SBS Sortino Ratio Rank: 70
SBS Omega Ratio Rank: 67
SBS Calmar Ratio Rank: 70
SBS Martin Ratio Rank: 76

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.

ISMAY vs. SBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Indra Sistemas SA (ISMAY) 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.

	ISMAY	SBS	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.16	-0.28
Sortino ratio Return per unit of downside risk	1.51	1.78	-0.27
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.02
Calmar ratio Return relative to maximum drawdown	1.39	1.64	-0.26
Martin ratio Return relative to average drawdown	3.65	5.35	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISMAY vs. SBS - Sharpe Ratio Comparison

The current ISMAY Sharpe Ratio is 0.87, which is comparable to the SBS Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ISMAY 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

	ISMAY	SBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.16	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.88	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.39	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.35	-0.13

Drawdowns

ISMAY vs. SBS - Drawdown Comparison

The maximum ISMAY drawdown since its inception was -72.02%, smaller than the maximum SBS drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for ISMAY and SBS.

Drawdown Indicators

	ISMAY	SBS	Difference
Max Drawdown Largest peak-to-trough decline	-72.02%	-76.49%	+4.47%
Max Drawdown (1Y) Largest decline over 1 year	-32.72%	-23.75%	-8.97%
Max Drawdown (3Y) Largest decline over 3 years	-32.72%	-23.79%	-8.93%
Max Drawdown (5Y) Largest decline over 5 years	-42.93%	-30.35%	-12.58%
Max Drawdown (10Y) Largest decline over 10 years	-63.96%	-61.91%	-2.05%
Current Drawdown Current decline from peak	-20.08%	-23.75%	+3.67%
Average Drawdown Average peak-to-trough decline	-38.03%	-25.71%	-12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.44%	7.28%	+5.16%

Volatility

ISMAY vs. SBS - Volatility Comparison

Indra Sistemas SA (ISMAY) has a higher volatility of 14.38% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 9.47%. This indicates that ISMAY'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.

Volatility by Period

	ISMAY	SBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.38%	9.47%	+4.91%
Volatility (6M) Calculated over the trailing 6-month period	42.99%	25.58%	+17.41%
Volatility (1Y) Calculated over the trailing 1-year period	52.73%	33.82%	+18.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.64%	36.89%	+9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.78%	43.57%	-0.79%

Dividends

ISMAY vs. SBS - Dividend Comparison

ISMAY's dividend yield for the trailing twelve months is around 0.47%, less than SBS's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISMAY Indra Sistemas SA	0.47%	0.51%	1.59%	1.77%	1.43%	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	2.36%	4.68%	1.96%	1.66%	1.88%	0.97%	2.93%	1.99%	3.86%	2.76%	0.65%	1.91%

Financials

ISMAY vs. SBS - Profitability Comparison

The chart below illustrates the profitability comparison between Indra Sistemas SA 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.

ISMAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Indra Sistemas SA reported a gross profit of 60.38M and revenue of 1.36B. Therefore, the gross margin over that period was 4.5%.

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%.

ISMAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Indra Sistemas SA reported an operating income of 121.97M and revenue of 1.36B, resulting in an operating margin of 9.0%.

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%.

ISMAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Indra Sistemas SA reported a net income of 77.35M and revenue of 1.36B, resulting in a net margin of 5.7%.

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 ISMAY and SBS in my portfolio?

ISMAY and SBS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISMAY or SBS?

ISMAY has higher volatility (14.38%) compared to SBS (9.47%). In terms of maximum drawdown, ISMAY dropped -72.02% vs SBS's -76.49%.

Which has better risk-adjusted returns?

SBS currently has the higher Sharpe Ratio (1.16 vs 0.87), 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.