SBS vs. TIMB
SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) and TIMB (TIM S.A.) are both stocks. SBS operates in Utilities - Regulated Water (Utilities), while TIMB operates in Telecom Services (Communication Services). Over the past 5 years, SBS returned 32.68%/yr vs 19.21%/yr for TIMB. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SBS vs. TIMB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SBS having a 15.28% return and TIMB slightly higher at 15.30%.
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%
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
SBS vs. TIMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.28% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | 5.01% |
TIMB TIM S.A. | 15.30% | 86.96% | -33.24% | 68.57% | 4.05% | -13.46% | 23.03% |
Correlation
The correlation between SBS and TIMB is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.59 |
The correlation between SBS and TIMB has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
Fundamentals
SBS:
$19.24B
TIMB:
$10.65B
SBS:
R$2.48
TIMB:
R$9.00
SBS:
11.24
TIMB:
12.63
SBS:
0.22
TIMB:
0.76
SBS:
2.48
TIMB:
2.02
SBS:
2.27
TIMB:
2.22
SBS:
R$38.70B
TIMB:
R$27.04B
SBS:
R$13.96B
TIMB:
R$14.61B
SBS:
R$14.87B
TIMB:
R$13.92B
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Return for Risk
SBS vs. TIMB — Risk / Return Rank
SBS
TIMB
SBS vs. TIMB - 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 TIM S.A. (TIMB). 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 | TIMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.22 | +0.33 |
| Martin ratioReturn relative to average drawdown | 4.65 | 3.35 | +1.30 |
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Drawdowns
SBS vs. TIMB - Drawdown Comparison
The maximum SBS drawdown since its inception was -76.49%, which is greater than TIMB's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for SBS and TIMB.
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Drawdown Indicators
| SBS | TIMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -37.08% | -39.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.88% | -23.82% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -37.08% | +12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -37.08% | +6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -61.91% | — | — |
Current DrawdownCurrent decline from peak | -22.90% | -20.28% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -12.14% | -13.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 8.68% | -0.40% |
Volatility
SBS vs. TIMB - Volatility Comparison
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a higher volatility of 8.92% compared to TIM S.A. (TIMB) at 6.33%. This indicates that SBS's price experiences larger fluctuations and is considered to be riskier than TIMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBS | TIMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 6.33% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 24.61% | 25.37% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.86% | 31.42% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 31.55% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.51% | 32.10% | +11.41% |
Dividends
SBS vs. TIMB - Dividend Comparison
SBS's dividend yield for the trailing twelve months is around 2.33%, less than TIMB's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SBS vs. TIMB - Financials Comparison
This section allows you to compare key financial metrics between Companhia de Saneamento Básico do Estado de São Paulo - SABESP and TIM 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. TIMB - 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%.
TIMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported a gross profit of 3.56B and revenue of 6.81B. Therefore, the gross margin over that period was 52.4%.
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%.
TIMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported an operating income of 1.57B and revenue of 6.81B, resulting in an operating margin of 23.1%.
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%.
TIMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TIM S.A. reported a net income of 817.09M and revenue of 6.81B, resulting in a net margin of 12.0%.
Frequently Asked Questions
SBS and TIMB have a correlation of 0.62, 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 TIMB (6.33%). In terms of maximum drawdown, SBS dropped -76.49% vs TIMB's -37.08%.
SBS currently has the higher Sharpe Ratio (1.14 vs 0.93), 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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