ARZGY vs. ITUB

Last updated Jun 4, 2026

ARZGY (Assicurazioni Generali SpA ADR) and ITUB (Itaú Unibanco Holding S.A.) are both stocks. Both are in the Financial Services sector — ARZGY in Insurance - Diversified, ITUB in Banks - Regional. Over the past 10 years, ARZGY returned 18.38%/yr vs 17.26%/yr for ITUB. At a 0.17 correlation, their price movements are largely independent.

Performance

ARZGY vs. ITUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Assicurazioni Generali SpA ADR (ARZGY) and Itaú Unibanco Holding S.A. (ITUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARZGY achieves a 12.90% return, which is significantly higher than ITUB's 7.23% return. Over the past 10 years, ARZGY has outperformed ITUB with an annualized return of 18.38%, while ITUB has yielded a comparatively lower 17.26% annualized return.

ARZGY

• 1D: -0.40%
• 1M: 8.69%
• YTD: 12.90%
• 6M: 19.16%
• 1Y: 32.23%
• 3Y*: 38.83%
• 5Y*: 23.56%
• 10Y*: 18.38%

ITUB

• 1D: -3.44%
• 1M: -10.32%
• YTD: 7.23%
• 6M: 5.75%
• 1Y: 29.89%
• 3Y*: 26.47%
• 5Y*: 22.32%
• 10Y*: 17.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARZGY vs. ITUB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARZGY Assicurazioni Generali SpA ADR	12.90%	54.48%	40.64%	24.14%	-10.87%	28.86%	-14.12%	28.32%	-4.59%	36.49%
ITUB Itaú Unibanco Holding S.A.	7.23%	86.06%	-23.49%	54.53%	30.82%	-6.05%	-30.47%	8.46%	12.68%	30.90%

Correlation

The correlation between ARZGY and ITUB is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 13, 2009	0.17

The correlation between ARZGY and ITUB shifts across timeframes, from 0.17 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ARZGY : $70.17B ITUB : $84.39B
EPS ARZGY : $2.57 ITUB : $4.00
PE Ratio ARZGY : 8.81 ITUB : 1.90
PEG Ratio ARZGY : 0.20 ITUB : 0.19
PS Ratio ARZGY : 0.59 ITUB : 0.23
PB Ratio ARZGY : 2.19 ITUB : 0.39
Total Revenue (TTM) ARZGY : $117.75B ITUB : $384.43B
Gross Profit (TTM) ARZGY : $117.75B ITUB : $131.20B
EBITDA (TTM) ARZGY : $14.58B ITUB : $54.38B

Return for Risk

ARZGY vs. ITUB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARZGY

ARZGY Risk / Return Rank: 81
ARZGY Sharpe Ratio Rank: 84
ARZGY Sortino Ratio Rank: 79
ARZGY Omega Ratio Rank: 77
ARZGY Calmar Ratio Rank: 83
ARZGY Martin Ratio Rank: 82

ITUB

ITUB Risk / Return Rank: 67
ITUB Sharpe Ratio Rank: 71
ITUB Sortino Ratio Rank: 64
ITUB Omega Ratio Rank: 62
ITUB Calmar Ratio Rank: 68
ITUB Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARZGY vs. ITUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Assicurazioni Generali SpA ADR (ARZGY) and Itaú Unibanco Holding S.A. (ITUB). 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.

	ARZGY	ITUB	Difference
Sharpe ratio Return per unit of total volatility	1.64	0.97	+0.67
Sortino ratio Return per unit of downside risk	2.26	1.47	+0.79
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio Return relative to maximum drawdown	3.02	1.51	+1.51
Martin ratio Return relative to average drawdown	7.54	4.00	+3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARZGY vs. ITUB - Sharpe Ratio Comparison

The current ARZGY Sharpe Ratio is 1.64, which is higher than the ITUB Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of ARZGY and ITUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARZGY	ITUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.97	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.66	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.45	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.33	-0.05

Drawdowns

ARZGY vs. ITUB - Drawdown Comparison

The maximum ARZGY drawdown since its inception was -51.13%, smaller than the maximum ITUB drawdown of -69.35%. Use the drawdown chart below to compare losses from any high point for ARZGY and ITUB.

Drawdown Indicators

	ARZGY	ITUB	Difference
Max Drawdown Largest peak-to-trough decline	-51.13%	-69.35%	+18.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-19.84%	+9.12%
Max Drawdown (3Y) Largest decline over 3 years	-10.72%	-28.17%	+17.45%
Max Drawdown (5Y) Largest decline over 5 years	-39.90%	-31.59%	-8.31%
Max Drawdown (10Y) Largest decline over 10 years	-51.13%	-61.96%	+10.83%
Current Drawdown Current decline from peak	-0.40%	-19.84%	+19.44%
Average Drawdown Average peak-to-trough decline	-13.96%	-21.02%	+7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	7.49%	-3.20%

Volatility

ARZGY vs. ITUB - Volatility Comparison

The current volatility for Assicurazioni Generali SpA ADR (ARZGY) is 6.56%, while Itaú Unibanco Holding S.A. (ITUB) has a volatility of 9.86%. This indicates that ARZGY experiences smaller price fluctuations and is considered to be less risky than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARZGY	ITUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	9.86%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	25.73%	-10.81%
Volatility (1Y) Calculated over the trailing 1-year period	19.95%	30.82%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	33.92%	-10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.44%	38.50%	-9.06%

Dividends

ARZGY vs. ITUB - Dividend Comparison

ARZGY's dividend yield for the trailing twelve months is around 4.25%, less than ITUB's 8.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARZGY Assicurazioni Generali SpA ADR	4.25%	3.75%	4.91%	4.00%	6.43%	6.29%	2.04%	3.15%	4.04%	7.97%	11.37%	0.00%
ITUB Itaú Unibanco Holding S.A.	8.40%	11.26%	9.20%	3.61%	4.21%	29.81%	4.80%	8.21%	6.93%	3.35%	15.63%	3.89%

Financials

ARZGY vs. ITUB - Profitability Comparison

The chart below illustrates the profitability comparison between Assicurazioni Generali SpA ADR and Itaú Unibanco Holding S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ARZGY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported a gross profit of 34.35B and revenue of 34.35B. Therefore, the gross margin over that period was 100.0%.

ITUB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a gross profit of 32.47B and revenue of 94.91B. Therefore, the gross margin over that period was 34.2%.

ARZGY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported an operating income of 2.88B and revenue of 34.35B, resulting in an operating margin of 8.4%.

ITUB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported an operating income of 12.47B and revenue of 94.91B, resulting in an operating margin of 13.1%.

ARZGY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Assicurazioni Generali SpA ADR reported a net income of 2.01B and revenue of 34.35B, resulting in a net margin of 5.8%.

ITUB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a net income of 11.42B and revenue of 94.91B, resulting in a net margin of 12.0%.

Frequently Asked Questions

Can I hold both ARZGY and ITUB in my portfolio?

ARZGY and ITUB have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARZGY or ITUB?

ITUB has higher volatility (9.86%) compared to ARZGY (6.56%). In terms of maximum drawdown, ARZGY dropped -51.13% vs ITUB's -69.35%.

Which has better risk-adjusted returns?

ARZGY currently has the higher Sharpe Ratio (1.64 vs 0.97), 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.