SBS vs. CNM
SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) and CNM (Core & Main, Inc.) are both stocks. SBS operates in Utilities - Regulated Water (Utilities), while CNM operates in Industrial Distribution (Industrials). Over the past 3 years, SBS returned 38.00%/yr vs 16.82%/yr for CNM. At a 0.17 correlation, their price movements are largely independent.
Performance
SBS vs. CNM - Performance Comparison
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Returns By Period
In the year-to-date period, SBS achieves a 15.71% return, which is significantly higher than CNM's -10.62% return.
SBS
- 1D
- 1.11%
- 1M
- -3.18%
- YTD
- 15.71%
- 6M
- 14.38%
- 1Y
- 40.59%
- 3Y*
- 38.00%
- 5Y*
- 32.82%
- 10Y*
- 15.94%
CNM
- 1D
- -1.69%
- 1M
- -1.73%
- YTD
- -10.62%
- 6M
- -13.57%
- 1Y
- -20.38%
- 3Y*
- 16.82%
- 5Y*
- —
- 10Y*
- —
SBS vs. CNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.71% | 80.60% | -4.21% | 46.89% | 48.42% | 6.53% |
CNM Core & Main, Inc. | -10.62% | 2.08% | 25.98% | 109.27% | -36.35% | 51.70% |
Correlation
The correlation between SBS and CNM 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 | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021 | 0.17 |
Fundamentals
SBS:
R$2.48
CNM:
$3.02
SBS:
11.38
CNM:
15.37
SBS:
0.22
CNM:
0.25
SBS:
2.51
CNM:
0.90
SBS:
R$38.70B
CNM:
$7.65B
SBS:
R$13.96B
CNM:
$2.07B
SBS:
R$14.87B
CNM:
$909.00M
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Return for Risk
SBS vs. CNM — Risk / Return Rank
SBS
CNM
SBS vs. CNM - 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 Core & Main, Inc. (CNM). 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.
| SBS | CNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.60 | +2.18 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.97 | +5.49 |
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Drawdowns
SBS vs. CNM - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than CNM's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for SBS and CNM.
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Drawdown Indicators
| SBS | CNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -40.00% | -36.49% |
Max Drawdown (1Y)Largest decline over 1 year | -25.87% | -33.88% | +8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -38.74% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.91% | — | — |
Current DrawdownCurrent decline from peak | -22.62% | -30.65% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -17.23% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.02% | 20.95% | -11.93% |
Volatility
SBS vs. CNM - Volatility Comparison
The current volatility for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) is 8.03%, while Core & Main, Inc. (CNM) has a volatility of 11.52%. This indicates that SBS experiences smaller price fluctuations and is considered to be less risky than CNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | CNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 11.52% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 24.55% | 23.83% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.22% | 40.21% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.99% | 40.73% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.52% | 40.73% | +2.79% |
Dividends
SBS vs. CNM - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 2.32%, while CNM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 | 2.32% | 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. CNM - Financials Comparison
This section allows you to compare key financial metrics between Companhia de Saneamento Básico do Estado de São Paulo - SABESP and Core & Main, Inc.. 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. CNM - 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%.
CNM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a gross profit of 520.00M and revenue of 1.91B. Therefore, the gross margin over that period was 27.2%.
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%.
CNM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported an operating income of 177.00M and revenue of 1.91B, resulting in an operating margin of 9.3%.
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%.
CNM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a net income of 108.00M and revenue of 1.91B, resulting in a net margin of 5.7%.
Frequently Asked Questions
SBS and CNM 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.
CNM has higher volatility (11.52%) compared to SBS (8.03%). In terms of maximum drawdown, SBS dropped -76.49% vs CNM's -40.00%.
SBS currently has the higher Sharpe Ratio (1.19 vs -0.51), 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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