AVAL vs. EC

Last updated Jun 3, 2026

AVAL (Grupo Aval Acciones y Valores S.A.) and EC (Ecopetrol S.A.) are both stocks. AVAL operates in Banks - Regional (Financial Services), while EC operates in Oil & Gas Integrated (Energy). Over the past 10 years, AVAL returned 0.92%/yr vs 17.12%/yr for EC. At a 0.42 correlation, their price movements are largely independent.

Performance

AVAL vs. EC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grupo Aval Acciones y Valores S.A. (AVAL) and Ecopetrol S.A. (EC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVAL achieves a 23.77% return, which is significantly lower than EC's 67.40% return. Over the past 10 years, AVAL has underperformed EC with an annualized return of 0.92%, while EC has yielded a comparatively higher 17.12% annualized return.

AVAL

• 1D: -4.08%
• 1M: 12.62%
• YTD: 23.77%
• 6M: 18.55%
• 1Y: 72.54%
• 3Y*: 37.75%
• 5Y*: 1.88%
• 10Y*: 0.92%

EC

• 1D: -1.66%
• 1M: 14.80%
• YTD: 67.40%
• 6M: 69.26%
• 1Y: 108.99%
• 3Y*: 41.66%
• 5Y*: 22.12%
• 10Y*: 17.12%

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

AVAL vs. EC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVAL Grupo Aval Acciones y Valores S.A.	23.77%	107.81%	-11.10%	3.30%	-47.13%	-21.88%	-16.08%	54.95%	-28.29%	12.25%
EC Ecopetrol S.A.	67.40%	58.65%	-24.25%	41.83%	-5.04%	0.57%	-29.31%	38.58%	11.95%	64.34%

Correlation

The correlation between AVAL and EC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Sep 24, 2014	0.42

Over the past year, the correlation between AVAL and EC has dropped to 0.20 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AVAL : $5.86B EC : $32.85B
EPS AVAL : $1.43K EC : $4.26K
PE Ratio AVAL : 0.00 EC : 0.00
PS Ratio AVAL : 0.00 EC : 0.00
PB Ratio AVAL : 0.00 EC : 0.00
Total Revenue (TTM) AVAL : $39.91T EC : $116.38T
Gross Profit (TTM) AVAL : $16.85T EC : $37.91T
EBITDA (TTM) AVAL : $5.56T EC : $42.24T

Return for Risk

AVAL vs. EC — Risk / Return Rank

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

AVAL

AVAL Risk / Return Rank: 81
AVAL Sharpe Ratio Rank: 83
AVAL Sortino Ratio Rank: 81
AVAL Omega Ratio Rank: 78
AVAL Calmar Ratio Rank: 79
AVAL Martin Ratio Rank: 82

EC

EC Risk / Return Rank: 93
EC Sharpe Ratio Rank: 94
EC Sortino Ratio Rank: 92
EC Omega Ratio Rank: 90
EC Calmar Ratio Rank: 96
EC Martin Ratio Rank: 95

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.

AVAL vs. EC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grupo Aval Acciones y Valores S.A. (AVAL) and Ecopetrol S.A. (EC). 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.

	AVAL	EC	Difference
Sharpe ratio Return per unit of total volatility	1.64	2.94	-1.30
Sortino ratio Return per unit of downside risk	2.44	3.62	-1.18
Omega ratio Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio Return relative to maximum drawdown	2.53	8.32	-5.79
Martin ratio Return relative to average drawdown	7.84	19.32	-11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVAL vs. EC - Sharpe Ratio Comparison

The current AVAL Sharpe Ratio is 1.64, which is lower than the EC Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of AVAL and EC, 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

	AVAL	EC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.94	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.59	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.42	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.15	-0.25

Drawdowns

AVAL vs. EC - Drawdown Comparison

The maximum AVAL drawdown since its inception was -77.41%, smaller than the maximum EC drawdown of -90.16%. Use the drawdown chart below to compare losses from any high point for AVAL and EC.

Drawdown Indicators

	AVAL	EC	Difference
Max Drawdown Largest peak-to-trough decline	-77.41%	-90.16%	+12.75%
Max Drawdown (1Y) Largest decline over 1 year	-32.30%	-13.20%	-19.10%
Max Drawdown (3Y) Largest decline over 3 years	-32.30%	-38.00%	+5.70%
Max Drawdown (5Y) Largest decline over 5 years	-63.65%	-48.60%	-15.05%
Max Drawdown (10Y) Largest decline over 10 years	-72.42%	-73.36%	+0.94%
Current Drawdown Current decline from peak	-34.14%	-19.05%	-15.09%
Average Drawdown Average peak-to-trough decline	-45.99%	-51.24%	+5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.43%	5.68%	+4.75%

Volatility

AVAL vs. EC - Volatility Comparison

Grupo Aval Acciones y Valores S.A. (AVAL) has a higher volatility of 19.64% compared to Ecopetrol S.A. (EC) at 16.74%. This indicates that AVAL's price experiences larger fluctuations and is considered to be riskier than EC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVAL	EC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.64%	16.74%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	38.37%	30.37%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	44.85%	37.27%	+7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.38%	37.64%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.22%	40.81%	-5.59%

Dividends

AVAL vs. EC - Dividend Comparison

AVAL's dividend yield for the trailing twelve months is around 2.89%, less than EC's 7.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVAL Grupo Aval Acciones y Valores S.A.	2.89%	3.14%	6.85%	6.98%	12.61%	5.75%	4.67%	4.15%	4.52%	4.70%	4.84%	6.56%
EC Ecopetrol S.A.	7.39%	20.77%	20.47%	22.02%	22.47%	0.72%	6.92%	9.87%	4.01%	1.06%	0.00%	14.83%

Financials

AVAL vs. EC - Profitability Comparison

The chart below illustrates the profitability comparison between Grupo Aval Acciones y Valores S.A. and Ecopetrol S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aval Acciones y Valores S.A. reported a gross profit of 3.84T and revenue of 9.71T. Therefore, the gross margin over that period was 39.6%.

EC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported a gross profit of 11.03T and revenue of 28.41T. Therefore, the gross margin over that period was 38.8%.

AVAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aval Acciones y Valores S.A. reported an operating income of 1.35T and revenue of 9.71T, resulting in an operating margin of 13.9%.

EC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported an operating income of 8.50T and revenue of 28.41T, resulting in an operating margin of 29.9%.

AVAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aval Acciones y Valores S.A. reported a net income of 336.60B and revenue of 9.71T, resulting in a net margin of 3.5%.

EC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported a net income of 2.87T and revenue of 28.41T, resulting in a net margin of 10.1%.

Frequently Asked Questions

Can I hold both AVAL and EC in my portfolio?

AVAL and EC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVAL or EC?

AVAL has higher volatility (19.64%) compared to EC (16.74%). In terms of maximum drawdown, AVAL dropped -77.41% vs EC's -90.16%.

Which has better risk-adjusted returns?

EC currently has the higher Sharpe Ratio (2.94 vs 1.64), 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.