CSAN vs SPY

Comparison between Cosan S.A (CSAN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CSAN, delivering a return of +14.0% compared to -25.6%

CSAN vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CSAN(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.37B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	84.50%	56.47%
Sharpe Ratio	-0.64	1.91
5Y Beta	0.87	1.00
Industry	Oil & Gas Refining & Marketing	N/A
P/E Ratio	-1.89	28.68
Forward P/E	6.16	22.19
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	1856.93%	34.04%
Free Cash Flow Yield	13.30%	N/A
P/S Ratio	0.08	3.76
P/B Ratio	4.88	5.55

Market Cap / Net Assets

CSAN

$3.37B

Winner

SPY

$735B

Expense Ratio

CSAN

N/A

SPY

0.09%

Max Drawdown

CSAN

84.50%

Winner

SPY

56.47%

Sharpe Ratio

CSAN

-0.64

Winner

SPY

1.91

5Y Beta

Winner

CSAN

0.87

SPY

1.00

Industry

CSAN

Oil & Gas Refining & Marketing

SPY

N/A

P/E Ratio

Winner

CSAN

-1.89

SPY

28.68

Forward P/E

Winner

CSAN

6.16

SPY

22.19

5Y Dividends CAGR

CSAN

N/A

SPY

5.43%

5Y EPS CAGR

CSAN

N/A

SPY

26.37%

Debt to Equity

CSAN

1856.93%

Winner

SPY

34.04%

Free Cash Flow Yield

CSAN

13.30%

SPY

N/A

P/S Ratio

Winner

CSAN

0.08

SPY

3.76

P/B Ratio

Winner

CSAN

4.88

SPY

5.55

CSAN vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CSAN	SPY
1 month	-18.45%	+4.84%
3 months	-35.26%	+9.57%
6 months	-27.59%	+13.79%
1 year	-38.91%	+29.34%
5 years(CAGR)	-25.59%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	-24.00%	+8.53%

CSAN

-18.45%

Winner

SPY

+4.84%

CSAN

-35.26%

Winner

SPY

+9.57%

CSAN

-27.59%

Winner

SPY

+13.79%

CSAN

-38.91%

Winner

SPY

+29.34%

5Y(CAGR)

CSAN

-25.59%

Winner

SPY

+13.98%

10Y(CAGR)

CSAN

N/A

SPY

+15.66%

Max(CAGR)

CSAN

-24.00%

Winner

SPY

+8.53%

CSAN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CSAN	SPY
2026	-14.50%	+9.45%
2025	-26.03%	+18.00%
2024	-63.80%	+25.59%
2023	+40.25%	+26.72%
2022	-10.19%	-18.64%
2021	+2.38%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

CSAN vs SPY Drawdown Comparison

The maximum drawdown for CSAN was -82.79%, occurring on May 19, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CSAN drawdown is -82.26%. The current SPY drawdown is -0.34%.

Rank	CSAN	SPY
#1	-82.79% Jul 14, 2021 - May 19, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-9.39% Mar 17, 2021 - Apr 22, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-8.04% Jun 24, 2021 - Jul 13, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-6.17% Apr 22, 2021 - May 14, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.77% May 14, 2021 - Jun 1, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.63% Jun 11, 2021 - Jun 22, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-3.17% Mar 8, 2021 - Mar 10, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.94% Mar 12, 2021 - Mar 17, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.33% Jun 22, 2021 - Jun 24, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.54% Jun 2, 2021 - Jun 4, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-0.87% Jun 7, 2021 - Jun 10, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CSAN and SPY is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.88

-101

Dividend Comparison (1999 - 2026)

CSAN vs SPY dividend yield comparison.

Year	CSAN	SPY
2026	0.00%	0.24%
2025	0.00%	1.07%
2024	6.38%	1.21%
2023	2.20%	1.40%
2022	2.64%	1.65%
2021	2.90%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%