WMG vs. SID
WMG (Warner Music Group Corp.) and SID (Companhia Siderúrgica Nacional) are both stocks. WMG operates in Entertainment (Communication Services), while SID operates in Steel (Basic Materials). Over the past 5 years, WMG returned -1.48%/yr vs -26.02%/yr for SID. At a 0.20 correlation, their price movements are largely independent.
Performance
WMG vs. SID - Performance Comparison
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Returns By Period
In the year-to-date period, WMG achieves a -2.92% return, which is significantly higher than SID's -18.12% return.
WMG
- 1D
- -4.48%
- 1M
- 5.24%
- YTD
- -2.92%
- 6M
- 6.87%
- 1Y
- 16.33%
- 3Y*
- 8.98%
- 5Y*
- -1.48%
- 10Y*
- —
SID
- 1D
- -7.75%
- 1M
- 3.97%
- YTD
- -18.12%
- 6M
- -23.39%
- 1Y
- -12.08%
- 3Y*
- -16.82%
- 5Y*
- -26.02%
- 10Y*
- 0.40%
WMG vs. SID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WMG Warner Music Group Corp. | -2.92% | 1.36% | -11.48% | 4.44% | -17.21% | 15.31% | 27.16% |
SID Companhia Siderúrgica Nacional | -18.12% | 11.11% | -59.60% | 69.73% | -29.68% | -22.18% | 187.44% |
Correlation
The correlation between WMG and SID is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.20 |
The correlation between WMG and SID shifts across timeframes, from 0.11 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WMG:
$1.16
SID:
-$1.51
WMG:
1.61
SID:
0.04
WMG:
$7.13B
SID:
$44.47B
WMG:
$3.17B
SID:
$12.14B
WMG:
$1.12B
SID:
$7.32B
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Return for Risk
WMG vs. SID — Risk / Return Rank
WMG
SID
WMG vs. SID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Music Group Corp. (WMG) and Companhia Siderúrgica Nacional (SID). 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.
| WMG | SID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.25 | +0.80 |
| Martin ratioReturn relative to average drawdown | 1.38 | -0.56 | +1.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WMG | SID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.22 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.49 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.18 | -0.13 |
Drawdowns
WMG vs. SID - Drawdown Comparison
The maximum WMG drawdown since its inception was -54.04%, smaller than the maximum SID drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for WMG and SID.
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Drawdown Indicators
| WMG | SID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -95.79% | +41.75% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -47.64% | +17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -69.41% | +36.35% |
Max Drawdown (5Y)Largest decline over 5 years | -54.04% | -82.09% | +28.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.86% | — |
Current DrawdownCurrent decline from peak | -34.11% | -87.46% | +53.35% |
Average DrawdownAverage peak-to-trough decline | -27.01% | -51.63% | +24.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 21.57% | -9.67% |
Volatility
WMG vs. SID - Volatility Comparison
The current volatility for Warner Music Group Corp. (WMG) is 13.87%, while Companhia Siderúrgica Nacional (SID) has a volatility of 22.14%. This indicates that WMG experiences smaller price fluctuations and is considered to be less risky than SID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMG | SID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 22.14% | -8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 25.71% | 46.74% | -21.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.12% | 56.42% | -25.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.74% | 53.36% | -18.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.94% | 59.64% | -24.70% |
Dividends
WMG vs. SID - Dividend Comparison
WMG's dividend yield for the trailing twelve months is around 2.58%, while SID has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SID Companhia Siderúrgica Nacional | 0.00% | 0.00% | 15.93% | 12.83% | 14.31% | 8.41% | 0.03% | 6.89% | 0.00% | 0.00% | 0.00% | 14.30% |
WMG Warner Music Group Corp. | 2.58% | 2.41% | 2.26% | 1.84% | 1.77% | 1.25% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WMG vs. SID - Financials Comparison
This section allows you to compare key financial metrics between Warner Music Group Corp. and Companhia Siderúrgica Nacional. 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
WMG vs. SID - Profitability Comparison
WMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported a gross profit of 802.00M and revenue of 1.73B. Therefore, the gross margin over that period was 46.3%.
SID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a gross profit of 2.41B and revenue of 10.41B. Therefore, the gross margin over that period was 23.1%.
WMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported an operating income of 264.00M and revenue of 1.73B, resulting in an operating margin of 15.2%.
SID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported an operating income of 803.82M and revenue of 10.41B, resulting in an operating margin of 7.7%.
WMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported a net income of 183.00M and revenue of 1.73B, resulting in a net margin of 10.6%.
SID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a net income of -604.01M and revenue of 10.41B, resulting in a net margin of -5.8%.
Frequently Asked Questions
WMG and SID have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SID has higher volatility (22.14%) compared to WMG (13.87%). In terms of maximum drawdown, WMG dropped -54.04% vs SID's -95.79%.
WMG currently has the higher Sharpe Ratio (0.53 vs -0.22), 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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