SBS vs. SPY
Compare and contrast key facts about Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) and State Street SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SBS vs. SPY - Performance Comparison
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SBS vs. SPY - 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 | 28.84% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SBS achieves a 28.84% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SBS has outperformed SPY with an annualized return of 19.90%, while SPY has yielded a comparatively lower 13.98% annualized return.
SBS
- 1D
- 3.67%
- 1M
- 2.39%
- YTD
- 28.84%
- 6M
- 29.57%
- 1Y
- 86.69%
- 3Y*
- 51.63%
- 5Y*
- 37.85%
- 10Y*
- 19.90%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
SBS vs. SPY — Risk / Return Rank
SBS
SPY
SBS vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.62 | 0.93 | +1.70 |
Sortino ratioReturn per unit of downside risk | 3.26 | 1.45 | +1.81 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 6.38 | 1.53 | +4.85 |
Martin ratioReturn relative to average drawdown | 16.30 | 7.30 | +9.00 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.93 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.69 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.78 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.56 | -0.20 |
Correlation
The correlation between SBS and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SBS vs. SPY - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 4.17%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 4.17% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SBS vs. SPY - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SBS and SPY.
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Drawdown Indicators
| SBS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -55.19% | -21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -12.05% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -24.50% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -61.91% | -33.72% | -28.19% |
Current DrawdownCurrent decline from peak | 0.00% | -6.24% | +6.24% |
Average DrawdownAverage peak-to-trough decline | -25.83% | -9.09% | -16.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 2.52% | +2.72% |
Volatility
SBS vs. SPY - Volatility Comparison
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a higher volatility of 14.20% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SBS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.20% | 5.31% | +8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 23.58% | 9.47% | +14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.23% | 19.05% | +14.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.08% | 17.06% | +20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.62% | 17.92% | +25.70% |