SID vs. TX

Last updated Apr 1, 2026

Compare and contrast key facts about Companhia Siderúrgica Nacional (SID) and Ternium S.A. (TX).

Performance

SID vs. TX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Companhia Siderúrgica Nacional (SID) and Ternium S.A. (TX). The values are adjusted to include any dividend payments, if applicable.

SID vs. TX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SID Companhia Siderúrgica Nacional	-22.50%	11.11%	-59.60%	69.73%	-29.68%	-22.18%	72.67%	68.56%	-10.61%	-24.15%
TX Ternium S.A.	5.13%	43.56%	-25.86%	49.94%	-24.80%	60.96%	32.18%	-14.86%	-11.86%	36.48%

Fundamentals

Market Cap SID : $1.64B TX : $7.88B
EPS SID : -$1.52 TX : $2.17
PS Ratio SID : 0.04 TX : 0.50
PB Ratio SID : 0.13 TX : 0.66
Total Revenue (TTM) SID : $44.97B TX : $15.61B
Gross Profit (TTM) SID : $12.27B TX : $2.35B
EBITDA (TTM) SID : $6.53B TX : $1.62B

Returns By Period

In the year-to-date period, SID achieves a -22.50% return, which is significantly lower than TX's 5.13% return. Over the past 10 years, SID has underperformed TX with an annualized return of -0.05%, while TX has yielded a comparatively higher 14.36% annualized return.

SID

• 1D: 5.08%
• 1M: -26.19%
• YTD: -22.50%
• 6M: -17.33%
• 1Y: -25.75%
• 3Y*: -20.07%
• 5Y*: -21.48%
• 10Y*: -0.05%

TX

• 1D: 4.34%
• 1M: -7.64%
• YTD: 5.13%
• 6M: 18.55%
• 1Y: 40.85%
• 3Y*: 7.51%
• 5Y*: 8.62%
• 10Y*: 14.36%

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

Return for Risk

SID vs. TX — Risk / Return Rank

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

SID

SID Risk / Return Rank: 19
SID Sharpe Ratio Rank: 21
SID Sortino Ratio Rank: 22
SID Omega Ratio Rank: 23
SID Calmar Ratio Rank: 23
SID Martin Ratio Rank: 6

TX

TX Risk / Return Rank: 78
TX Sharpe Ratio Rank: 82
TX Sortino Ratio Rank: 76
TX Omega Ratio Rank: 74
TX Calmar Ratio Rank: 77
TX Martin Ratio Rank: 83

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.

SID vs. TX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Companhia Siderúrgica Nacional (SID) and Ternium S.A. (TX). 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.

	SID	TX	Difference
Sharpe ratio Return per unit of total volatility	-0.46	1.33	-1.79
Sortino ratio Return per unit of downside risk	-0.35	1.86	-2.21
Omega ratio Gain probability vs. loss probability	0.96	1.24	-0.28
Calmar ratio Return relative to maximum drawdown	-0.58	1.93	-2.51
Martin ratio Return relative to average drawdown	-1.64	6.99	-8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SID vs. TX - Sharpe Ratio Comparison

The current SID Sharpe Ratio is -0.46, which is lower than the TX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SID and TX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SID	TX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	1.33	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	0.25	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	0.38	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.15	+0.03

Correlation

The correlation between SID and TX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SID vs. TX - Dividend Comparison

SID has not paid dividends to shareholders, while TX's dividend yield for the trailing twelve months is around 6.72%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SID Companhia Siderúrgica Nacional	0.00%	0.00%	15.93%	12.83%	14.31%	8.41%	0.03%	6.89%	0.00%	0.00%	0.00%	14.30%
TX Ternium S.A.	6.72%	7.07%	10.66%	6.83%	8.84%	6.66%	0.00%	5.45%	4.06%	3.17%	3.73%	7.24%

Drawdowns

SID vs. TX - Drawdown Comparison

The maximum SID drawdown since its inception was -95.79%, which is greater than TX's maximum drawdown of -89.66%. Use the drawdown chart below to compare losses from any high point for SID and TX.

Drawdown Indicators

	SID	TX	Difference
Max Drawdown Largest peak-to-trough decline	-95.79%	-89.66%	-6.13%
Max Drawdown (1Y) Largest decline over 1 year	-47.64%	-21.26%	-26.38%
Max Drawdown (5Y) Largest decline over 5 years	-82.86%	-49.48%	-33.38%
Max Drawdown (10Y) Largest decline over 10 years	-82.86%	-74.94%	-7.92%
Current Drawdown Current decline from peak	-88.13%	-11.27%	-76.86%
Average Drawdown Average peak-to-trough decline	-51.41%	-31.52%	-19.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.80%	5.88%	+10.92%

Volatility

SID vs. TX - Volatility Comparison

Companhia Siderúrgica Nacional (SID) has a higher volatility of 25.05% compared to Ternium S.A. (TX) at 9.99%. This indicates that SID's price experiences larger fluctuations and is considered to be riskier than TX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SID	TX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.05%	9.99%	+15.06%
Volatility (6M) Calculated over the trailing 6-month period	43.59%	19.83%	+23.76%
Volatility (1Y) Calculated over the trailing 1-year period	55.93%	30.84%	+25.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.04%	34.98%	+18.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.15%	38.06%	+23.09%

Financials

SID vs. TX - Profitability Comparison

The chart below illustrates the profitability comparison between Companhia Siderúrgica Nacional and Ternium S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SID - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported a gross profit of 3.60B and revenue of 11.58B. Therefore, the gross margin over that period was 31.1%.

TX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a gross profit of 604.00M and revenue of 3.78B. Therefore, the gross margin over that period was 16.0%.

SID - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported an operating income of 973.16M and revenue of 11.58B, resulting in an operating margin of 8.4%.

TX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported an operating income of 159.00M and revenue of 3.78B, resulting in an operating margin of 4.2%.

SID - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported a net income of -1.10B and revenue of 11.58B, resulting in a net margin of -9.5%.

TX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a net income of 122.00M and revenue of 3.78B, resulting in a net margin of 3.2%.