SBS vs. PFIX
SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) is a stock, while PFIX (Simplify Interest Rate Hedge ETF) is Hedge Fund fund actively managed by Simplify. Over the past 5 years, SBS returned 32.68%/yr vs 17.43%/yr for PFIX. At a correlation of -0.14, they often move in opposite directions.
Performance
SBS vs. PFIX - Performance Comparison
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Returns By Period
In the year-to-date period, SBS achieves a 15.28% return, which is significantly higher than PFIX's -3.92% return.
SBS
- 1D
- -0.18%
- 1M
- -4.55%
- YTD
- 15.28%
- 6M
- 14.60%
- 1Y
- 38.60%
- 3Y*
- 40.12%
- 5Y*
- 32.68%
- 10Y*
- 16.43%
PFIX
- 1D
- -1.32%
- 1M
- -9.30%
- YTD
- -3.92%
- 6M
- -5.54%
- 1Y
- -12.06%
- 3Y*
- 15.02%
- 5Y*
- 17.43%
- 10Y*
- —
SBS vs. PFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.28% | 80.60% | -4.21% | 46.89% | 48.42% | -6.85% |
PFIX Simplify Interest Rate Hedge ETF | -3.92% | 0.42% | 35.94% | 5.67% | 92.05% | -24.98% |
Correlation
The correlation between SBS and PFIX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | -0.14 |
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Return for Risk
SBS vs. PFIX — Risk / Return Rank
SBS
PFIX
SBS vs. PFIX - 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 Simplify Interest Rate Hedge ETF (PFIX). 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 | PFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.40 | +1.95 |
| Martin ratioReturn relative to average drawdown | 4.65 | -0.62 | +5.27 |
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Drawdowns
SBS vs. PFIX - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than PFIX's maximum drawdown of -36.17%. Use the drawdown chart below to compare losses from any high point for SBS and PFIX.
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Drawdown Indicators
| SBS | PFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -36.17% | -40.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.88% | -25.64% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -36.17% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -36.17% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -61.91% | — | — |
Current DrawdownCurrent decline from peak | -22.90% | -20.78% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -17.13% | -8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 16.52% | -8.24% |
Volatility
SBS vs. PFIX - Volatility Comparison
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a higher volatility of 8.92% compared to Simplify Interest Rate Hedge ETF (PFIX) at 8.38%. This indicates that SBS's price experiences larger fluctuations and is considered to be riskier than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | PFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 8.38% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 24.61% | 21.22% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.86% | 30.44% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 38.52% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.51% | 38.29% | +5.22% |
Dividends
SBS vs. PFIX - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 2.33%, less than PFIX's 10.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIX Simplify Interest Rate Hedge ETF | 10.11% | 9.92% | 3.40% | 87.92% | 0.63% | 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 | 2.33% | 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
SBS and PFIX 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.
SBS has higher volatility (8.92%) compared to PFIX (8.38%). In terms of maximum drawdown, SBS dropped -76.49% vs PFIX's -36.17%.
SBS currently has the higher Sharpe Ratio (1.14 vs -0.34), 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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