SOBO.TO vs. NTR

Last updated Apr 1, 2026

Compare and contrast key facts about South Bow Corp (SOBO.TO) and Nutrien Ltd. (NTR).

Performance

SOBO.TO vs. NTR - Performance Comparison

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

SOBO.TO vs. NTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOBO.TO South Bow Corp	22.60%	19.88%	15.48%
NTR Nutrien Ltd.	24.81%	36.75%	3.54%

Different Trading Currencies

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

Fundamentals

Market Cap SOBO.TO : CA$9.66B NTR : $36.46B
EPS SOBO.TO : CA$2.09 NTR : $4.68
PE Ratio SOBO.TO : 22.19 NTR : 16.14
PEG Ratio SOBO.TO : 4.10 NTR : 0.24
PS Ratio SOBO.TO : 4.56 NTR : 1.36
PB Ratio SOBO.TO : 3.57 NTR : 1.44
Total Revenue (TTM) SOBO.TO : CA$2.12B NTR : $26.90B
Gross Profit (TTM) SOBO.TO : CA$982.55M NTR : $8.35B
EBITDA (TTM) SOBO.TO : CA$955.64M NTR : $5.98B

Returns By Period

In the year-to-date period, SOBO.TO achieves a 22.60% return, which is significantly lower than NTR's 24.81% return.

SOBO.TO

• 1D: -3.00%
• 1M: 5.52%
• YTD: 22.60%
• 6M: 19.63%
• 1Y: 33.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTR

• 1D: -0.82%
• 1M: 3.25%
• YTD: 24.81%
• 6M: 30.48%
• 1Y: 52.05%
• 3Y*: 5.71%
• 5Y*: 12.86%
• 10Y*: —

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

Return for Risk

SOBO.TO vs. NTR — 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: 79
SOBO.TO Sharpe Ratio Rank: 83
SOBO.TO Sortino Ratio Rank: 78
SOBO.TO Omega Ratio Rank: 77
SOBO.TO Calmar Ratio Rank: 78
SOBO.TO Martin Ratio Rank: 81

NTR

NTR Risk / Return Rank: 88
NTR Sharpe Ratio Rank: 90
NTR Sortino Ratio Rank: 87
NTR Omega Ratio Rank: 84
NTR Calmar Ratio Rank: 92
NTR Martin Ratio Rank: 90

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. NTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) and Nutrien Ltd. (NTR). 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.

	SOBO.TO	NTR	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.74	-0.34
Sortino ratio Return per unit of downside risk	1.97	2.43	-0.46
Omega ratio Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio Return relative to maximum drawdown	2.07	4.21	-2.14
Martin ratio Return relative to average drawdown	6.41	11.15	-4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOBO.TO vs. NTR - Sharpe Ratio Comparison

The current SOBO.TO Sharpe Ratio is 1.40, which is comparable to the NTR Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SOBO.TO and NTR, 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

	SOBO.TO	NTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.74	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.29	+1.18

Correlation

The correlation between SOBO.TO and NTR is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SOBO.TO vs. NTR - Dividend Comparison

SOBO.TO's dividend yield for the trailing twelve months is around 4.46%, more than NTR's 2.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SOBO.TO South Bow Corp	4.46%	7.37%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NTR Nutrien Ltd.	2.90%	3.53%	4.83%	3.76%	3.51%	2.45%	3.74%	3.67%	3.47%

Drawdowns

SOBO.TO vs. NTR - Drawdown Comparison

The maximum SOBO.TO drawdown since its inception was -19.24%, smaller than the maximum NTR drawdown of -53.71%. Use the drawdown chart below to compare losses from any high point for SOBO.TO and NTR.

Drawdown Indicators

	SOBO.TO	NTR	Difference
Max Drawdown Largest peak-to-trough decline	-19.24%	-57.80%	+38.56%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	-13.20%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-57.80%	—
Current Drawdown Current decline from peak	-3.00%	-23.38%	+20.38%
Average Drawdown Average peak-to-trough decline	-4.84%	-26.16%	+21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	5.44%	-0.28%

Volatility

SOBO.TO vs. NTR - Volatility Comparison

The current volatility for South Bow Corp (SOBO.TO) is 4.96%, while Nutrien Ltd. (NTR) has a volatility of 13.92%. This indicates that SOBO.TO experiences smaller price fluctuations and is considered to be less risky than NTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOBO.TO	NTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	13.92%	-8.96%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	24.76%	-10.13%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	30.01%	-6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	31.75%	-3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	31.70%	-3.11%

Financials

SOBO.TO vs. NTR - Profitability Comparison

The chart below illustrates the profitability comparison between South Bow Corp and Nutrien Ltd. 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 Apr 2026, South Bow Corp reported a gross profit of 102.55M and revenue of 419.35M. Therefore, the gross margin over that period was 24.5%.

NTR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a gross profit of 1.92B and revenue of 5.42B. Therefore, the gross margin over that period was 35.4%.

SOBO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, South Bow Corp reported an operating income of 115.75M and revenue of 419.35M, resulting in an operating margin of 27.6%.

NTR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported an operating income of 800.11M and revenue of 5.42B, resulting in an operating margin of 14.8%.

SOBO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, South Bow Corp reported a net income of 158.40M and revenue of 419.35M, resulting in a net margin of 37.8%.

NTR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a net income of 579.78M and revenue of 5.42B, resulting in a net margin of 10.7%.