SOBO.TO vs. SMNEY

Last updated Jun 13, 2026

SOBO.TO (South Bow Corp) and SMNEY (Siemens Energy AG) are both stocks. SOBO.TO operates in Oil & Gas Midstream (Energy), while SMNEY operates in Specialty Industrial Machinery (Industrials). At a 0.07 correlation, their price movements are largely independent.

Performance

SOBO.TO vs. SMNEY - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

SOBO.TO

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

SMNEY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOBO.TO vs. SMNEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOBO.TO South Bow Corp	43.31%	19.87%	23.73%
SMNEY Siemens Energy AG	23.89%	155.74%	50.57%

Correlation

The correlation between SOBO.TO and SMNEY is 0.06, 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	0.06
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.07

Fundamentals

Market Cap SOBO.TO : CA$11.12B SMNEY : $152.45B
EPS SOBO.TO : $2.03 SMNEY : €2.16
PE Ratio SOBO.TO : 18.81 SMNEY : 81.35
PEG Ratio SOBO.TO : 3.47 SMNEY : 0.76
PS Ratio SOBO.TO : 4.37 SMNEY : 3.93
PB Ratio SOBO.TO : 2.99 SMNEY : 13.51
Total Revenue (TTM) SOBO.TO : $1.82B SMNEY : €39.81B
Gross Profit (TTM) SOBO.TO : $893.03M SMNEY : €7.27B
EBITDA (TTM) SOBO.TO : $851.07M SMNEY : €4.73B

Return for Risk

SOBO.TO vs. SMNEY — 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

SMNEY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SMNEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) and Siemens Energy AG (SMNEY). 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	SMNEY	Difference
Sharpe ratio: Return per unit of total volatility	2.72	—	—
Sortino ratio: Return per unit of downside risk	3.70	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	4.48	—	—
Martin ratio: Return relative to average drawdown	11.83	—	—

Drawdowns

Drawdown Indicators

	SOBO.TO	SMNEY	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.69%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	—	—

Volatility

Volatility by Period

	SOBO.TO	SMNEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.55%	—	—

Dividends

SOBO.TO vs. SMNEY - Dividend Comparison

SOBO.TO's dividend yield for the trailing twelve months is around 5.18%, while SMNEY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
SMNEY Siemens Energy AG	0.00%	0.00%	0.00%	0.00%	0.61%
SOBO.TO South Bow Corp	5.18%	7.37%	2.12%	0.00%	0.00%

Financials

SOBO.TO vs. SMNEY - Profitability Comparison

The chart below illustrates the profitability comparison between South Bow Corp and Siemens Energy AG 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%.

SMNEY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported a gross profit of 2.09B and revenue of 9.68B. Therefore, the gross margin over that period was 21.6%.

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%.

SMNEY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported an operating income of 962.00M and revenue of 9.68B, resulting in an operating margin of 9.9%.

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%.

SMNEY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported a net income of 677.00M and revenue of 9.68B, resulting in a net margin of 7.0%.

Frequently Asked Questions

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

SOBO.TO and SMNEY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.