TIIAY vs. SBS
TIIAY (Telecom Italia S.p.A) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. TIIAY operates in Telecom Services (Communication Services), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 5 years, TIIAY returned 14.42%/yr vs 36.23%/yr for SBS. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
TIIAY vs. SBS - Performance Comparison
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Returns By Period
In the year-to-date period, TIIAY achieves a 39.02% return, which is significantly higher than SBS's 15.07% return.
TIIAY
- 1D
- 0.59%
- 1M
- -9.24%
- 6M
- 27.23%
- YTD
- 39.02%
- 1Y
- 85.47%
- 3Y*
- 43.89%
- 5Y*
- 14.42%
- 10Y*
- —
- ALL TIME*
- 7.09%
SBS
- 1D
- -0.37%
- 1M
- -5.22%
- 6M
- 2.18%
- YTD
- 15.07%
- 1Y
- 47.63%
- 3Y*
- 37.63%
- 5Y*
- 36.23%
- 10Y*
- 15.20%
- ALL TIME*
- 15.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.81M | $31.80M | $35.48M | |
TIIAY Telecom Italia S.p.A | $390.22K | $350.82K | $410.90K |
TIIAY vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIIAY Telecom Italia S.p.A | 39.02% | 147.09% | -22.22% | 40.36% | -54.40% | 11.97% | -24.60% | 12.36% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.07% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 17.49% |
Correlation
The correlation between TIIAY and SBS is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2019 | 0.18 |
Fundamentals
TIIAY:
$1.81B
SBS:
$18.63B
TIIAY:
€0.08
SBS:
R$2.47
TIIAY:
96.99
SBS:
11.17
TIIAY:
0.72
SBS:
0.22
TIIAY:
0.87
SBS:
2.46
TIIAY:
1.30
SBS:
2.25
TIIAY:
€13.79B
SBS:
R$38.70B
TIIAY:
€1.88B
SBS:
R$13.96B
TIIAY:
€4.27B
SBS:
R$14.87B
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Return for Risk
TIIAY vs. SBS — Risk / Return Rank
TIIAY
SBS
TIIAY vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telecom Italia S.p.A (TIIAY) 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.
| TIIAY | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.92 | +1.73 |
| Martin ratioReturn relative to average drawdown | 11.68 | 4.70 | +6.98 |
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Drawdowns
TIIAY vs. SBS - Drawdown Comparison
The maximum TIIAY drawdown since its inception was -72.93%, roughly equal to the maximum SBS drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for TIIAY and SBS.
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Drawdown Indicators
| TIIAY | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.93% | -76.49% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | -25.87% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -34.69% | -25.87% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -70.46% | -30.35% | -40.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.91% | — |
Current DrawdownCurrent decline from peak | -22.27% | -23.04% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -35.65% | -25.67% | -9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 10.54% | -2.95% |
Volatility
TIIAY vs. SBS - Volatility Comparison
The current volatility for Telecom Italia S.p.A (TIIAY) is 5.47%, while Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a volatility of 10.11%. This indicates that TIIAY experiences smaller price fluctuations and is considered to be less risky 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
| TIIAY | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 10.11% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 24.42% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 34.50% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.61% | 36.73% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.72% | 43.47% | +0.25% |
Dividends
TIIAY vs. SBS - Dividend Comparison
TIIAY has not paid dividends to shareholders, while SBS's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.33% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
TIIAY Telecom Italia S.p.A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.37% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TIIAY vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Telecom Italia S.p.A 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
TIIAY vs. SBS - Profitability Comparison
TIIAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telecom Italia S.p.A reported a gross profit of 135.19M and revenue of 3.38B. Therefore, the gross margin over that period was 4.0%.
SBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
TIIAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telecom Italia S.p.A reported an operating income of 7.12M and revenue of 3.38B, resulting in an operating margin of 0.2%.
SBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
TIIAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telecom Italia S.p.A reported a net income of -296.80M and revenue of 3.38B, resulting in a net margin of -8.8%.
SBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
TIIAY and SBS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBS has higher volatility (10.11%) compared to TIIAY (5.47%). In terms of maximum drawdown, TIIAY dropped -72.93% vs SBS's -76.49%.
TIIAY currently has the higher Sharpe Ratio (2.48 vs 1.44), 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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