C-P-N vs ABEV

Comparison between Citigroup Capital VIII 7875 Fixed rate Floating Rate trust Preferred Securities TruPS (C-P-N, Company) and Ambev S.A. (ABEV, Company).

5-Year PerformanceC-P-N has outperformed ABEV, delivering a return of +10.5% compared to +7.0%

C-P-N vs ABEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	C-P-N(COMPANY)	ABEV(COMPANY)
Market Cap	$54B	$54B
Max Drawdown	20.73%	80.85%
Sharpe Ratio	0.70	1.18
5Y Beta	0.07	0.42
Industry	Other	Beverages - Brewers
P/E Ratio	3.80	18.92
Forward P/E	N/A	16.00
PEG Ratio	0.36	1.80
Dividend Yield	N/A	8.40%
5Y Dividends CAGR	14.66%	30.79%
5Y EPS CAGR	-0.03%	6.00%
Debt to Equity	173.21%	6.09%
Free Cash Flow Yield	N/A	6.85%
P/S Ratio	N/A	0.61
P/B Ratio	N/A	2.96

Market Cap

Winner

C-P-N

$54B

ABEV

$54B

Max Drawdown

Winner

C-P-N

20.73%

ABEV

80.85%

Sharpe Ratio

C-P-N

0.70

Winner

ABEV

1.18

5Y Beta

Winner

C-P-N

0.07

ABEV

0.42

Industry

C-P-N

Other

ABEV

Beverages - Brewers

P/E Ratio

Winner

C-P-N

3.80

ABEV

18.92

Forward P/E

C-P-N

N/A

ABEV

16.00

PEG Ratio

Winner

C-P-N

0.36

ABEV

1.80

Dividend Yield

C-P-N

N/A

ABEV

8.40%

5Y Dividends CAGR

C-P-N

14.66%

Winner

ABEV

30.79%

5Y EPS CAGR

C-P-N

-0.03%

Winner

ABEV

6.00%

Debt to Equity

C-P-N

173.21%

Winner

ABEV

6.09%

Free Cash Flow Yield

C-P-N

N/A

ABEV

6.85%

P/S Ratio

C-P-N

N/A

ABEV

0.61

P/B Ratio

C-P-N

N/A

ABEV

2.96

C-P-N vs ABEV - Historical Returns

Returns include dividend reinvestment.

Period	C-P-N	ABEV
1 month	-0.19%	+6.98%
3 months	+0.78%	+12.07%
6 months	+2.34%	+43.44%
1 year	+8.80%	+40.38%
5 years(CAGR)	+10.47%	+7.01%
10 years(CAGR)	+9.43%	-0.52%
Max(CAGR)	+8.62%	+12.70%

C-P-N

-0.19%

Winner

ABEV

+6.98%

C-P-N

+0.78%

Winner

ABEV

+12.07%

C-P-N

+2.34%

Winner

ABEV

+43.44%

C-P-N

+8.80%

Winner

ABEV

+40.38%

5Y(CAGR)

Winner

C-P-N

+10.47%

ABEV

+7.01%

10Y(CAGR)

Winner

C-P-N

+9.43%

ABEV

-0.52%

Max(CAGR)

C-P-N

+8.62%

Winner

ABEV

+12.70%

C-P-N vs ABEV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	C-P-N	ABEV
2026	+1.06%	+33.40%
2025	+8.85%	+46.86%
2024	+14.67%	-28.99%
2023	+10.52%	+13.78%
2022	+9.58%	+5.28%
2021	+4.55%	-2.11%
2020	+8.52%	-33.62%
2019	+11.03%	+13.79%
2018	+4.02%	-38.71%
2017	+13.78%	+31.05%
2016	+5.81%	+18.76%
2015	+5.20%	-22.93%
2014	+5.21%	-10.76%
2013	+2.70%	-10.94%
2012	+14.55%	+49.02%
2011	+4.26%	+13.14%
2010	+4.02%	+52.54%
2009	N/A	+138.49%
2008	N/A	-46.75%
2007	N/A	+58.01%
2006	N/A	+36.00%
2005	N/A	-36.47%
2004	N/A	+154.83%
2003	N/A	+59.49%
2002	N/A	-27.12%
2001	N/A	-29.96%
2000	N/A	+124.08%
1999	N/A	+26.13%

C-P-N vs ABEV Drawdown Comparison

The maximum drawdown for C-P-N was -20.68%, occurring on Mar 18, 2020. Recovery took 167 trading sessions.

The maximum drawdown for ABEV was -74.05%, occurring on May 13, 2020. This drawdown has not yet recovered.

The current C-P-N drawdown is -0.45%. The current ABEV drawdown is -39.61%.

Rank	C-P-N	ABEV
#1	-20.68% Feb 11, 2020 - Oct 8, 2020	-74.05% Feb 19, 2013 - May 13, 2020
#2	-12.70% May 17, 2011 - Oct 28, 2011	-61.23% Feb 28, 2008 - Oct 6, 2009
#3	-6.22% Jan 26, 2021 - Jun 8, 2021	-60.24% Feb 2, 2001 - Mar 1, 2004
#4	-6.06% Jan 31, 2023 - Apr 6, 2023	-58.91% Jan 3, 2005 - Mar 21, 2007
#5	-5.92% Oct 28, 2011 - Jan 24, 2012	-25.71% Jul 23, 2007 - Oct 5, 2007
#6	-5.43% Feb 3, 2025 - Jul 7, 2025	-24.41% Oct 31, 2007 - Feb 28, 2008
#7	-4.37% Mar 13, 2012 - Jun 14, 2012	-21.59% Apr 20, 2012 - Dec 3, 2012
#8	-4.17% May 7, 2013 - Feb 14, 2014	-21.30% Jul 5, 2011 - Aug 31, 2011
#9	-3.99% Dec 31, 2021 - Apr 4, 2022	-18.80% Jan 3, 2011 - Apr 21, 2011
#10	-3.98% Apr 28, 2023 - Jul 12, 2023	-17.81% Aug 31, 2011 - Dec 7, 2011
#11	-3.50% Dec 29, 2015 - Mar 16, 2016	-14.76% Jan 8, 2010 - Jun 17, 2010
#12	-3.25% Sep 2, 2021 - Dec 30, 2021	-10.97% Apr 18, 2000 - Jun 30, 2000
#13	-3.02% May 5, 2022 - May 27, 2022	-10.57% Oct 19, 2009 - Nov 9, 2009
#14	-2.79% Aug 22, 2023 - Sep 28, 2023	-9.43% Jun 18, 2007 - Jul 12, 2007
#15	-2.79% Oct 26, 2023 - Nov 16, 2023	-8.42% Mar 9, 2004 - Apr 30, 2004

Correlation

Correlation between C-P-N and ABEV is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101

Dividend Comparison (1999 - 2026)

C-P-N vs ABEV dividend yield comparison.

Year	C-P-N	ABEV
2026	4.47%	0.00%
2025	9.23%	8.10%
2024	10.14%	6.10%
2023	10.10%	5.26%
2022	6.73%	5.36%
2021	5.94%	4.38%
2020	6.74%	2.67%
2019	6.06%	2.51%
2018	7.99%	3.79%
2017	6.87%	2.57%
2016	6.86%	3.41%
2015	7.58%	4.32%
2014	7.41%	4.91%
2013	5.42%	1.76%
2012	7.06%	3.10%
2011	8.08%	3.68%
2010	0.00%	3.69%
2009	0.00%	3.62%
2008	0.00%	4.03%
2007	0.00%	1.31%
2006	0.00%	2.66%
2005	0.00%	2.21%
2004	0.00%	0.29%
2003	0.00%	0.78%
2002	0.00%	1.10%
2001	0.00%	1.37%
2000	0.00%	1.20%
1999	0.00%	1.37%