SBS vs. BCH
SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) and BCH (Banco de Chile) are both stocks. SBS operates in Utilities - Regulated Water (Utilities), while BCH operates in Banks - Regional (Financial Services). Over the past 10 years, SBS returned 16.07%/yr vs 13.50%/yr for BCH. At a 0.33 correlation, their price movements are largely independent.
Performance
SBS vs. BCH - Performance Comparison
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Returns By Period
In the year-to-date period, SBS achieves a 14.44% return, which is significantly higher than BCH's 7.61% return. Over the past 10 years, SBS has outperformed BCH with an annualized return of 16.07%, while BCH has yielded a comparatively lower 13.50% annualized return.
SBS
- 1D
- 1.88%
- 1M
- -14.65%
- YTD
- 14.44%
- 6M
- 14.49%
- 1Y
- 41.53%
- 3Y*
- 39.23%
- 5Y*
- 33.18%
- 10Y*
- 16.07%
BCH
- 1D
- 6.05%
- 1M
- 6.79%
- YTD
- 7.61%
- 6M
- 8.46%
- 1Y
- 35.45%
- 3Y*
- 30.56%
- 5Y*
- 22.62%
- 10Y*
- 13.50%
SBS vs. BCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 14.44% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
BCH Banco de Chile | 7.61% | 81.24% | 6.15% | 23.37% | 41.22% | -20.93% | 2.32% | -24.00% | -6.21% | 45.00% |
Correlation
The correlation between SBS and BCH is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 10, 2002 | 0.33 |
The correlation between SBS and BCH shifts across timeframes, from 0.32 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SBS:
$19.10B
BCH:
$19.47B
SBS:
$2.48
BCH:
$2.26K
SBS:
2.19
BCH:
0.02
SBS:
0.04
BCH:
0.00
SBS:
0.48
BCH:
0.01
SBS:
0.44
BCH:
0.00
SBS:
$38.70B
BCH:
$3.07T
SBS:
$13.96B
BCH:
$2.62T
SBS:
$14.87B
BCH:
$1.55T
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Return for Risk
SBS vs. BCH — Risk / Return Rank
SBS
BCH
SBS vs. BCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) and Banco de Chile (BCH). 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.
| SBS | BCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.29 | 3.92 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBS | BCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.17 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.80 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.46 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.49 | -0.14 |
Drawdowns
SBS vs. BCH - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than BCH's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for SBS and BCH.
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Drawdown Indicators
| SBS | BCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -57.68% | -18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -24.88% | -19.99% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -19.99% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -26.93% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -61.91% | -57.68% | -4.23% |
Current DrawdownCurrent decline from peak | -23.47% | -11.80% | -11.67% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -12.90% | -12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 9.06% | -1.18% |
Volatility
SBS vs. BCH - Volatility Comparison
The current volatility for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) is 9.39%, while Banco de Chile (BCH) has a volatility of 10.15%. This indicates that SBS experiences smaller price fluctuations and is considered to be less risky than BCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | BCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.39% | 10.15% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.58% | 25.34% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.87% | 30.32% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.91% | 28.41% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.52% | 29.20% | +14.32% |
Dividends
SBS vs. BCH - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 2.35%, less than BCH's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 5.68% | 5.54% | 7.46% | 9.01% | 6.39% | 3.76% | 3.95% | 5.04% | 3.55% | 2.20% | 3.32% | 4.35% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.35% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
SBS vs. BCH - Financials Comparison
This section allows you to compare key financial metrics between Companhia de Saneamento Básico do Estado de São Paulo - SABESP and Banco de Chile. 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
SBS vs. BCH - Profitability Comparison
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%.
BCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a gross profit of 661.74B and revenue of 1.05T. Therefore, the gross margin over that period was 62.8%.
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%.
BCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported an operating income of 359.62B and revenue of 1.05T, resulting in an operating margin of 34.2%.
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%.
BCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a net income of 278.58B and revenue of 1.05T, resulting in a net margin of 26.5%.
Frequently Asked Questions
SBS and BCH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCH has higher volatility (10.15%) compared to SBS (9.39%). In terms of maximum drawdown, SBS dropped -76.49% vs BCH's -57.68%.
SBS currently has the higher Sharpe Ratio (1.23 vs 1.17), 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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