SID vs. TX
SID (Companhia Siderúrgica Nacional) and TX (Ternium S.A.) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 10 years, SID returned -2.25%/yr vs 15.74%/yr for TX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
SID vs. TX - Performance Comparison
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Returns By Period
In the year-to-date period, SID achieves a -34.37% return, which is significantly lower than TX's 25.69% return. Over the past 10 years, SID has underperformed TX with an annualized return of -2.25%, while TX has yielded a comparatively higher 15.74% annualized return.
SID
- 1D
- 1.94%
- 1M
- -22.22%
- YTD
- -34.37%
- 6M
- -35.98%
- 1Y
- -26.57%
- 3Y*
- -23.59%
- 5Y*
- -28.62%
- 10Y*
- -2.25%
TX
- 1D
- 0.71%
- 1M
- -0.77%
- YTD
- 25.69%
- 6M
- 24.80%
- 1Y
- 67.70%
- 3Y*
- 13.57%
- 5Y*
- 14.07%
- 10Y*
- 15.74%
SID vs. TX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SID Companhia Siderúrgica Nacional | -34.37% | 11.11% | -59.60% | 69.73% | -29.68% | -22.18% | 72.67% | 68.56% | -10.61% | -24.15% |
TX Ternium S.A. | 25.69% | 43.56% | -25.86% | 49.94% | -24.80% | 60.96% | 32.18% | -14.86% | -11.86% | 36.48% |
Correlation
The correlation between SID and TX is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2006 | 0.54 |
The correlation between SID and TX has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
Fundamentals
SID:
$1.39B
TX:
$9.15B
SID:
-R$1.51
TX:
$2.90
SID:
0.16
TX:
0.59
SID:
0.56
TX:
0.75
SID:
R$44.47B
TX:
$15.58B
SID:
R$12.14B
TX:
$2.44B
SID:
R$7.32B
TX:
$1.62B
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Return for Risk
SID vs. TX — Risk / Return Rank
SID
TX
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.
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.
| SID | TX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.96 | -4.48 |
| Martin ratioReturn relative to average drawdown | -1.13 | 12.52 | -13.65 |
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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.
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Drawdown Indicators
| SID | TX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -89.66% | -6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -51.42% | -17.17% | -34.25% |
Max Drawdown (3Y)Largest decline over 3 years | -71.61% | -42.04% | -29.57% |
Max Drawdown (5Y)Largest decline over 5 years | -83.38% | -49.48% | -33.90% |
Max Drawdown (10Y)Largest decline over 10 years | -84.09% | -74.94% | -9.15% |
Current DrawdownCurrent decline from peak | -89.95% | -9.00% | -80.95% |
Average DrawdownAverage peak-to-trough decline | -51.73% | -31.23% | -20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.61% | 5.42% | +18.19% |
Volatility
SID vs. TX - Volatility Comparison
Companhia Siderúrgica Nacional (SID) has a higher volatility of 20.92% compared to Ternium S.A. (TX) at 11.96%. 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.
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Volatility by Period
| SID | TX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.92% | 11.96% | +8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 47.23% | 24.31% | +22.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.31% | 31.10% | +26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 35.21% | +18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.22% | 37.94% | +21.28% |
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 4.72%.
| Position | 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. | 4.72% | 7.07% | 10.66% | 6.83% | 8.84% | 6.66% | 0.00% | 5.45% | 4.06% | 3.17% | 3.73% | 7.24% |
Financials
SID vs. TX - Financials Comparison
This section allows you to compare key financial metrics between Companhia Siderúrgica Nacional and Ternium 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
SID vs. TX - Profitability Comparison
SID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a gross profit of 2.41B and revenue of 10.41B. Therefore, the gross margin over that period was 23.1%.
TX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ternium S.A. reported a gross profit of 686.87M and revenue of 3.93B. Therefore, the gross margin over that period was 17.5%.
SID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported an operating income of 803.82M and revenue of 10.41B, resulting in an operating margin of 7.7%.
TX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ternium S.A. reported an operating income of 290.07M and revenue of 3.93B, resulting in an operating margin of 7.4%.
SID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a net income of -604.01M and revenue of 10.41B, resulting in a net margin of -5.8%.
TX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ternium S.A. reported a net income of 213.02M and revenue of 3.93B, resulting in a net margin of 5.4%.
Frequently Asked Questions
SID and TX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SID has higher volatility (20.92%) compared to TX (11.96%). In terms of maximum drawdown, SID dropped -95.79% vs TX's -89.66%.
TX currently has the higher Sharpe Ratio (2.19 vs -0.47), 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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