SGML vs. BW

Last updated Jun 4, 2026

SGML (Sigma Lithium Resources Corp) and BW (Babcock & Wilcox Enterprises, Inc.) are both stocks. SGML operates in Other Industrial Metals & Mining (Basic Materials), while BW operates in Specialty Industrial Machinery (Industrials). Over the past 3 years, SGML returned -27.49%/yr vs 46.96%/yr for BW. At a 0.26 correlation, their price movements are largely independent.

Performance

SGML vs. BW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sigma Lithium Resources Corp (SGML) and Babcock & Wilcox Enterprises, Inc. (BW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGML achieves a 14.94% return, which is significantly lower than BW's 178.86% return.

SGML

• 1D: -8.01%
• 1M: -32.83%
• YTD: 14.94%
• 6M: 51.15%
• 1Y: 202.59%
• 3Y*: -27.49%
• 5Y*: —
• 10Y*: —

BW

• 1D: -2.00%
• 1M: 17.24%
• YTD: 178.86%
• 6M: 174.96%
• 1Y: 2,004.76%
• 3Y*: 46.96%
• 5Y*: 14.74%
• 10Y*: -22.27%

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

SGML vs. BW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SGML Sigma Lithium Resources Corp	14.94%	17.56%	-64.41%	11.73%	171.09%	28.52%
BW Babcock & Wilcox Enterprises, Inc.	178.86%	286.59%	12.33%	-74.70%	-36.03%	36.25%

Correlation

The correlation between SGML and BW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021	0.26

Fundamentals

Market Cap SGML : $1.69B BW : $2.36B
EPS SGML : -$0.39 BW : -$0.83
PS Ratio SGML : 16.21 BW : 3.02
Total Revenue (TTM) SGML : $104.10M BW : $668.48M
Gross Profit (TTM) SGML : $28.12M BW : $121.68M
EBITDA (TTM) SGML : $5.88M BW : -$41.40M

Return for Risk

SGML vs. BW — Risk / Return Rank

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

SGML

SGML Risk / Return Rank: 84
SGML Sharpe Ratio Rank: 64
SGML Sortino Ratio Rank: 91
SGML Omega Ratio Rank: 93
SGML Calmar Ratio Rank: 83
SGML Martin Ratio Rank: 87

BW

BW Risk / Return Rank: 99
BW Sharpe Ratio Rank: 100
BW Sortino Ratio Rank: 99
BW Omega Ratio Rank: 97
BW Calmar Ratio Rank: 100
BW Martin Ratio Rank: 100

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.

SGML vs. BW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sigma Lithium Resources Corp (SGML) and Babcock & Wilcox Enterprises, Inc. (BW). 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.

	SGML	BW	Difference
Sharpe ratio Return per unit of total volatility	0.72	14.19	-13.46
Sortino ratio Return per unit of downside risk	3.38	6.08	-2.70
Omega ratio Gain probability vs. loss probability	1.53	1.72	-0.20
Calmar ratio Return relative to maximum drawdown	3.16	58.85	-55.69
Martin ratio Return relative to average drawdown	9.77	135.77	-126.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGML vs. BW - Sharpe Ratio Comparison

The current SGML Sharpe Ratio is 0.72, which is lower than the BW Sharpe Ratio of 14.19. The chart below compares the historical Sharpe Ratios of SGML and BW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGML	BW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	14.19	-13.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.19	+0.29

Drawdowns

SGML vs. BW - Drawdown Comparison

The maximum SGML drawdown since its inception was -89.91%, smaller than the maximum BW drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for SGML and BW.

Drawdown Indicators

	SGML	BW	Difference
Max Drawdown Largest peak-to-trough decline	-89.91%	-99.89%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	-64.56%	-34.50%	-30.06%
Max Drawdown (3Y) Largest decline over 3 years	-89.75%	-96.03%	+6.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.88%	—
Current Drawdown Current decline from peak	-64.25%	-92.53%	+28.28%
Average Drawdown Average peak-to-trough decline	-42.97%	-82.80%	+39.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.83%	14.93%	+5.90%

Volatility

SGML vs. BW - Volatility Comparison

The current volatility for Sigma Lithium Resources Corp (SGML) is 24.63%, while Babcock & Wilcox Enterprises, Inc. (BW) has a volatility of 34.66%. This indicates that SGML experiences smaller price fluctuations and is considered to be less risky than BW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGML	BW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.63%	34.66%	-10.03%
Volatility (6M) Calculated over the trailing 6-month period	221.92%	89.70%	+132.22%
Volatility (1Y) Calculated over the trailing 1-year period	283.19%	143.20%	+139.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.56%	110.03%	+33.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.56%	108.14%	+35.42%

Dividends

SGML vs. BW - Dividend Comparison

Neither SGML nor BW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

SGML vs. BW - Profitability Comparison

The chart below illustrates the profitability comparison between Sigma Lithium Resources Corp and Babcock & Wilcox Enterprises, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SGML - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sigma Lithium Resources Corp reported a gross profit of 23.15M and revenue of 41.76M. Therefore, the gross margin over that period was 55.5%.

BW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a gross profit of 0.00 and revenue of 214.41M. Therefore, the gross margin over that period was 0.0%.

SGML - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sigma Lithium Resources Corp reported an operating income of 19.48M and revenue of 41.76M, resulting in an operating margin of 46.7%.

BW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported an operating income of -79.62M and revenue of 214.41M, resulting in an operating margin of -37.1%.

SGML - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sigma Lithium Resources Corp reported a net income of 10.98M and revenue of 41.76M, resulting in a net margin of 26.3%.

BW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a net income of -80.66M and revenue of 214.41M, resulting in a net margin of -37.6%.

Frequently Asked Questions

Can I hold both SGML and BW in my portfolio?

SGML and BW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGML or BW?

BW has higher volatility (34.66%) compared to SGML (24.63%). In terms of maximum drawdown, SGML dropped -89.91% vs BW's -99.89%.

Which has better risk-adjusted returns?

BW currently has the higher Sharpe Ratio (14.19 vs 0.72), 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.