SBS vs. NERD

Last updated Jun 23, 2026

SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) is a stock, while NERD (Roundhill Video Games ETF) is Gaming fund actively managed by Roundhill Investments. Over the past 5 years, SBS returned 33.18%/yr vs -7.93%/yr for NERD. At a 0.25 correlation, their price movements are largely independent.

Performance

SBS vs. NERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) and Roundhill Video Games ETF (NERD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBS achieves a 14.44% return, which is significantly higher than NERD's -18.16% return.

SBS

• 1D: 3.24%
• 1M: -4.24%
• YTD: 14.44%
• 6M: 17.49%
• 1Y: 37.98%
• 3Y*: 37.49%
• 5Y*: 33.18%
• 10Y*: 15.81%

NERD

• 1D: -0.25%
• 1M: -3.07%
• YTD: -18.16%
• 6M: -17.64%
• 1Y: -21.61%
• 3Y*: 10.25%
• 5Y*: -7.93%
• 10Y*: —

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

SBS vs. NERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	33.42%
NERD Roundhill Video Games ETF	-18.16%	23.14%	28.52%	12.94%	-43.30%	-17.57%	89.66%	8.14%

Correlation

The correlation between SBS and NERD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.25

Return for Risk

SBS vs. NERD — Risk / Return Rank

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

SBS

SBS Risk / Return Rank: 71
SBS Sharpe Ratio Rank: 75
SBS Sortino Ratio Rank: 71
SBS Omega Ratio Rank: 68
SBS Calmar Ratio Rank: 69
SBS Martin Ratio Rank: 73

NERD

NERD Risk / Return Rank: 2
NERD Sharpe Ratio Rank: 1
NERD Sortino Ratio Rank: 1
NERD Omega Ratio Rank: 1
NERD Calmar Ratio Rank: 3
NERD Martin Ratio Rank: 3

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.

SBS vs. NERD - 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 Roundhill Video Games ETF (NERD). 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	NERD	Difference
Sharpe ratio: Return per unit of total volatility	1.12	-1.11	+2.22
Sortino ratio: Return per unit of downside risk	1.73	-1.51	+3.25
Omega ratio: Gain probability vs. loss probability	1.20	0.83	+0.37
Calmar ratio: Return relative to maximum drawdown	1.48	-0.70	+2.17
Martin ratio: Return relative to average drawdown	4.28	-1.20	+5.48

SBS vs. NERD - Sharpe Ratio Comparison

The current SBS Sharpe Ratio is 1.12, which is higher than the NERD Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of SBS and NERD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SBS vs. NERD - Drawdown Comparison

The maximum SBS drawdown since its inception was -76.49%, which is greater than NERD's maximum drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for SBS and NERD.

Drawdown Indicators

	SBS	NERD	Difference
Max Drawdown Largest peak-to-trough decline	-76.49%	-65.58%	-10.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.87%	-31.19%	+5.32%
Max Drawdown (3Y) Largest decline over 3 years	-25.87%	-31.19%	+5.32%
Max Drawdown (5Y) Largest decline over 5 years	-30.35%	-58.08%	+27.73%
Max Drawdown (10Y) Largest decline over 10 years	-61.91%	—	—
Current Drawdown Current decline from peak	-23.47%	-46.92%	+23.45%
Average Drawdown Average peak-to-trough decline	-25.70%	-35.95%	+10.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.91%	18.01%	-9.10%

Volatility

SBS vs. NERD - Volatility Comparison

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a higher volatility of 8.25% compared to Roundhill Video Games ETF (NERD) at 4.39%. This indicates that SBS's price experiences larger fluctuations and is considered to be riskier than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBS	NERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	4.39%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	24.55%	14.99%	+9.56%
Volatility (1Y) Calculated over the trailing 1-year period	34.28%	19.66%	+14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.99%	24.51%	+12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.53%	25.47%	+18.06%

Dividends

SBS vs. NERD - Dividend Comparison

SBS's dividend yield for the trailing twelve months is around 2.35%, more than NERD's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NERD Roundhill Video Games ETF	0.77%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%	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%

Frequently Asked Questions

Can I hold both SBS and NERD in my portfolio?

SBS and NERD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBS or NERD?

SBS has higher volatility (8.25%) compared to NERD (4.39%). In terms of maximum drawdown, SBS dropped -76.49% vs NERD's -65.58%.

Which has better risk-adjusted returns?

SBS currently has the higher Sharpe Ratio (1.12 vs -1.11), 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.