SBS vs. MSA.TO
SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) and MSA.TO (Mineros S.A.) are both stocks. SBS operates in Utilities - Regulated Water (Utilities), while MSA.TO operates in Gold (Basic Materials). Over the past 3 years, SBS returned 39.23%/yr vs 123.90%/yr for MSA.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
SBS vs. MSA.TO - Performance Comparison
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Different Trading Currencies
SBS is traded in USD, while MSA.TO is traded in CAD. To make them comparable, the MSA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SBS achieves a 14.44% return, which is significantly higher than MSA.TO's -2.28% 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%
MSA.TO
- 1D
- 4.31%
- 1M
- -5.81%
- YTD
- -2.28%
- 6M
- 0.07%
- 1Y
- 127.05%
- 3Y*
- 123.90%
- 5Y*
- —
- 10Y*
- —
SBS vs. MSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 14.44% | 80.60% | -4.21% | 46.89% | 48.42% | 18.39% |
MSA.TO Mineros S.A. | -2.28% | 319.89% | 138.55% | 9.63% | -36.05% | -2.83% |
Correlation
The correlation between SBS and MSA.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.09 |
Fundamentals
SBS:
$19.10B
MSA.TO:
CA$1.65B
SBS:
$2.48
MSA.TO:
CA$0.66
SBS:
2.19
MSA.TO:
8.43
SBS:
0.04
MSA.TO:
0.05
SBS:
0.48
MSA.TO:
1.76
SBS:
0.44
MSA.TO:
2.89
SBS:
$38.70B
MSA.TO:
CA$937.58M
SBS:
$13.96B
MSA.TO:
CA$403.36M
SBS:
$14.87B
MSA.TO:
CA$400.83M
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Return for Risk
SBS vs. MSA.TO — Risk / Return Rank
SBS
MSA.TO
SBS vs. MSA.TO - 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 Mineros S.A. (MSA.TO). 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 | MSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.05 | -1.37 |
| Martin ratioReturn relative to average drawdown | 5.29 | 7.67 | -2.39 |
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 | MSA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.31 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.97 | -0.62 |
Drawdowns
SBS vs. MSA.TO - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than MSA.TO's maximum drawdown of -53.31%. Use the drawdown chart below to compare losses from any high point for SBS and MSA.TO.
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Drawdown Indicators
| SBS | MSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -53.31% | -23.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.88% | -41.93% | +17.05% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -41.93% | +17.05% |
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 | -23.47% | -28.53% | +5.06% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -20.52% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 16.62% | -8.74% |
Volatility
SBS vs. MSA.TO - Volatility Comparison
The current volatility for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) is 9.39%, while Mineros S.A. (MSA.TO) has a volatility of 19.30%. This indicates that SBS experiences smaller price fluctuations and is considered to be less risky than MSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | MSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.39% | 19.30% | -9.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.58% | 41.42% | -16.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.87% | 55.26% | -21.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.91% | 53.44% | -16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.52% | 53.44% | -9.92% |
Dividends
SBS vs. MSA.TO - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 2.35%, less than MSA.TO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSA.TO Mineros S.A. | 2.49% | 2.49% | 8.48% | 14.20% | 13.11% | 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 | 2.35% | 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. MSA.TO - Financials Comparison
This section allows you to compare key financial metrics between Companhia de Saneamento Básico do Estado de São Paulo - SABESP and Mineros S.A.. 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. MSA.TO - 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%.
MSA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a gross profit of 142.57M and revenue of 291.81M. Therefore, the gross margin over that period was 48.9%.
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%.
MSA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported an operating income of 135.21M and revenue of 291.81M, resulting in an operating margin of 46.3%.
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%.
MSA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a net income of 87.69M and revenue of 291.81M, resulting in a net margin of 30.1%.
Frequently Asked Questions
SBS and MSA.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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