TAC vs. SBS
TAC (TransAlta Corp) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. Both are in the Utilities sector — TAC in Utilities - Independent Power Producers, SBS in Utilities - Regulated Water. Over the past 10 years, TAC returned 12.88%/yr vs 15.81%/yr for SBS. At a 0.27 correlation, their price movements are largely independent.
Performance
TAC vs. SBS - Performance Comparison
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Returns By Period
In the year-to-date period, TAC achieves a 10.37% return, which is significantly lower than SBS's 14.44% return. Over the past 10 years, TAC has underperformed SBS with an annualized return of 12.88%, while SBS has yielded a comparatively higher 15.81% annualized return.
TAC
- 1D
- 0.80%
- 1M
- 2.43%
- YTD
- 10.37%
- 6M
- 11.97%
- 1Y
- 27.94%
- 3Y*
- 16.36%
- 5Y*
- 8.54%
- 10Y*
- 12.88%
SBS
- 1D
- 3.24%
- 1M
- -4.24%
- YTD
- 14.44%
- 6M
- 17.49%
- 1Y
- 37.98%
- 3Y*
- 37.49%
- 5Y*
- 33.18%
- 10Y*
- 15.81%
TAC vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAC TransAlta Corp | 10.37% | -9.24% | 73.96% | -5.50% | -18.03% | 48.90% | 8.06% | 77.05% | -29.03% | 11.23% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 14.44% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | -20.37% | 23.83% |
Correlation
The correlation between TAC and SBS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 10, 2002 | 0.27 |
Fundamentals
TAC:
$4.11B
SBS:
$19.10B
TAC:
-CA$0.57
SBS:
R$2.48
TAC:
2.66
SBS:
2.48
TAC:
12.50
SBS:
2.28
TAC:
CA$2.21B
SBS:
R$38.70B
TAC:
CA$889.52M
SBS:
R$13.96B
TAC:
CA$511.31M
SBS:
R$14.87B
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Return for Risk
TAC vs. SBS — Risk / Return Rank
TAC
SBS
TAC vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransAlta Corp (TAC) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). 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.
| TAC | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.48 | -0.63 |
| Martin ratioReturn relative to average drawdown | 1.41 | 4.28 | -2.87 |
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Drawdowns
TAC vs. SBS - Drawdown Comparison
The maximum TAC drawdown since its inception was -88.12%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for TAC and SBS.
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Drawdown Indicators
| TAC | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.12% | -76.49% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -33.10% | -25.87% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -43.26% | -25.87% | -17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | -30.35% | -16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -55.11% | -61.91% | +6.80% |
Current DrawdownCurrent decline from peak | -21.28% | -23.47% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -40.55% | -25.70% | -14.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.92% | 8.91% | +11.01% |
Volatility
TAC vs. SBS - Volatility Comparison
TransAlta Corp (TAC) has a higher volatility of 15.58% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 8.25%. This indicates that TAC's price experiences larger fluctuations and is considered to be riskier than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAC | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.58% | 8.25% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 29.50% | 24.55% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 34.28% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.00% | 36.99% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.57% | 43.53% | -7.96% |
Dividends
TAC vs. SBS - Dividend Comparison
TAC's dividend yield for the trailing twelve months is around 1.39%, less than SBS's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.35% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
TAC TransAlta Corp | 1.39% | 1.44% | 1.24% | 2.13% | 1.76% | 1.38% | 1.69% | 1.68% | 3.20% | 2.69% | 2.74% | 20.34% |
Financials
TAC vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between TransAlta Corp and Companhia de Saneamento Básico do Estado de São Paulo - SABESP. 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
TAC vs. SBS - Profitability Comparison
TAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported a gross profit of 243.63M and revenue of 566.46M. Therefore, the gross margin over that period was 43.0%.
SBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.79B and revenue of 9.78B. Therefore, the gross margin over that period was 38.8%.
TAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported an operating income of 24.06M and revenue of 566.46M, resulting in an operating margin of 4.3%.
SBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.33B and revenue of 9.78B, resulting in an operating margin of 34.1%.
TAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported a net income of 13.03M and revenue of 566.46M, resulting in a net margin of 2.3%.
SBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 1.72B and revenue of 9.78B, resulting in a net margin of 17.6%.
Frequently Asked Questions
TAC and SBS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAC has higher volatility (15.58%) compared to SBS (8.25%). In terms of maximum drawdown, TAC dropped -88.12% vs SBS's -76.49%.
SBS currently has the higher Sharpe Ratio (1.12 vs 0.70), 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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