SOBO.TO vs. META

Last updated Jun 13, 2026

SOBO.TO (South Bow Corp) and META (Meta Platforms, Inc.) are both stocks. SOBO.TO operates in Oil & Gas Midstream (Energy), while META operates in Internet Content & Information (Communication Services). Over the past year, SOBO.TO returned 53.85% vs -16.04% for META. At a correlation of -0.04, they often move in opposite directions.

Performance

SOBO.TO vs. META - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in South Bow Corp (SOBO.TO) and Meta Platforms, Inc. (META). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOBO.TO is traded in CAD, while META is traded in USD. To make them comparable, the META values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOBO.TO achieves a 43.31% return, which is significantly higher than META's -12.20% return.

SOBO.TO

• 1D: 1.25%
• 1M: 8.07%
• YTD: 43.31%
• 6M: 46.62%
• 1Y: 53.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

META

• 1D: 0.03%
• 1M: -6.11%
• YTD: -12.20%
• 6M: -10.49%
• 1Y: -16.04%
• 3Y*: 30.15%
• 5Y*: 14.81%
• 10Y*: 18.41%

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

SOBO.TO vs. META - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOBO.TO South Bow Corp	43.31%	19.87%	23.73%
META Meta Platforms, Inc.	-12.20%	7.93%	10.33%

Correlation

The correlation between SOBO.TO and META is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.04

Fundamentals

Market Cap SOBO.TO : CA$11.12B META : $1.45T
EPS SOBO.TO : $2.03 META : $27.47
PE Ratio SOBO.TO : 18.81 META : 20.64
PEG Ratio SOBO.TO : 3.47 META : 0.85
PS Ratio SOBO.TO : 4.37 META : 6.78
PB Ratio SOBO.TO : 2.99 META : 5.97
Total Revenue (TTM) SOBO.TO : $1.82B META : $214.96B
Gross Profit (TTM) SOBO.TO : $893.03M META : $176.14B
EBITDA (TTM) SOBO.TO : $851.07M META : $106.31B

Return for Risk

SOBO.TO vs. META — Risk / Return Rank

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

SOBO.TO

SOBO.TO Risk / Return Rank: 92
SOBO.TO Sharpe Ratio Rank: 94
SOBO.TO Sortino Ratio Rank: 94
SOBO.TO Omega Ratio Rank: 92
SOBO.TO Calmar Ratio Rank: 91
SOBO.TO Martin Ratio Rank: 91

META

META Risk / Return Rank: 21
META Sharpe Ratio Rank: 20
META Sortino Ratio Rank: 20
META Omega Ratio Rank: 20
META Calmar Ratio Rank: 24
META Martin Ratio Rank: 18

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.

SOBO.TO vs. META - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) and Meta Platforms, Inc. (META). 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.

	SOBO.TO	META	Difference
Sharpe ratio: Return per unit of total volatility	2.72	-0.46	+3.18
Sortino ratio: Return per unit of downside risk	3.70	-0.46	+4.16
Omega ratio: Gain probability vs. loss probability	1.44	0.94	+0.50
Calmar ratio: Return relative to maximum drawdown	4.48	-0.49	+4.96
Martin ratio: Return relative to average drawdown	11.83	-1.01	+12.84

SOBO.TO vs. META - Sharpe Ratio Comparison

The current SOBO.TO Sharpe Ratio is 2.72, which is higher than the META Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of SOBO.TO and META, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOBO.TO vs. META - Drawdown Comparison

The maximum SOBO.TO drawdown since its inception was -26.40%, smaller than the maximum META drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for SOBO.TO and META.

Drawdown Indicators

	SOBO.TO	META	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-74.70%	+48.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-32.92%	+20.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-74.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-74.70%	—
Current Drawdown Current decline from peak	0.00%	-26.95%	+26.95%
Average Drawdown Average peak-to-trough decline	-4.69%	-15.46%	+10.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	15.88%	-11.28%

Volatility

SOBO.TO vs. META - Volatility Comparison

The current volatility for South Bow Corp (SOBO.TO) is 7.30%, while Meta Platforms, Inc. (META) has a volatility of 10.22%. This indicates that SOBO.TO experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOBO.TO	META	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	10.22%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	26.49%	-11.65%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	35.28%	-15.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.55%	44.33%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.55%	39.18%	+5.37%

Dividends

SOBO.TO vs. META - Dividend Comparison

SOBO.TO's dividend yield for the trailing twelve months is around 5.18%, more than META's 0.37% yield.

Position	TTM	2025	2024
META Meta Platforms, Inc.	0.37%	0.32%	0.34%
SOBO.TO South Bow Corp	5.18%	7.37%	2.12%

Financials

SOBO.TO vs. META - Profitability Comparison

The chart below illustrates the profitability comparison between South Bow Corp and Meta Platforms, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SOBO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.

META - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a gross profit of 46.09B and revenue of 56.31B. Therefore, the gross margin over that period was 81.9%.

SOBO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.

META - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported an operating income of 22.87B and revenue of 56.31B, resulting in an operating margin of 40.6%.

SOBO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.

META - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a net income of 26.77B and revenue of 56.31B, resulting in a net margin of 47.5%.

Frequently Asked Questions

Can I hold both SOBO.TO and META in my portfolio?

SOBO.TO and META have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.