BAC vs. C

Last updated Jun 4, 2026

BAC (Bank of America Corporation) and C (Citigroup Inc.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, BAC returned 16.28%/yr vs 14.47%/yr for C. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

BAC vs. C - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bank of America Corporation (BAC) and Citigroup Inc. (C). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAC achieves a -4.19% return, which is significantly lower than C's 12.46% return. Over the past 10 years, BAC has outperformed C with an annualized return of 16.28%, while C has yielded a comparatively lower 14.47% annualized return.

BAC

• 1D: -0.15%
• 1M: 0.40%
• YTD: -4.19%
• 6M: -2.07%
• 1Y: 20.00%
• 3Y*: 25.09%
• 5Y*: 6.37%
• 10Y*: 16.28%

C

• 1D: -1.01%
• 1M: 3.42%
• YTD: 12.46%
• 6M: 22.96%
• 1Y: 73.63%
• 3Y*: 45.73%
• 5Y*: 14.21%
• 10Y*: 14.47%

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

BAC vs. C - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAC Bank of America Corporation	-4.19%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%
C Citigroup Inc.	12.46%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%

Correlation

The correlation between BAC and C is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 30, 1986	0.64

The correlation between BAC and C shifts across timeframes, from 0.64 (all time) to 0.82 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BAC : $388.68B C : $230.76B
EPS BAC : $4.19 C : $8.65
PE Ratio BAC : 12.50 C : 15.02
PS Ratio BAC : 2.27 C : 1.40
PB Ratio BAC : 1.41 C : 1.21
Total Revenue (TTM) BAC : $174.85B C : $171.19B
Gross Profit (TTM) BAC : $110.47B C : $77.85B
EBITDA (TTM) BAC : $41.74B C : $24.12B

Return for Risk

BAC vs. C — Risk / Return Rank

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

BAC

BAC Risk / Return Rank: 64
BAC Sharpe Ratio Rank: 70
BAC Sortino Ratio Rank: 61
BAC Omega Ratio Rank: 61
BAC Calmar Ratio Rank: 63
BAC Martin Ratio Rank: 65

C

C Risk / Return Rank: 91
C Sharpe Ratio Rank: 92
C Sortino Ratio Rank: 90
C Omega Ratio Rank: 89
C Calmar Ratio Rank: 91
C Martin Ratio Rank: 92

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.

BAC vs. C - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and Citigroup Inc. (C). 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.

	BAC	C	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.66	-1.71
Sortino ratio: Return per unit of downside risk	1.35	3.30	-1.95
Omega ratio: Gain probability vs. loss probability	1.17	1.42	-0.25
Calmar ratio: Return relative to maximum drawdown	1.12	5.01	-3.89
Martin ratio: Return relative to average drawdown	2.89	14.45	-11.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAC vs. C - Sharpe Ratio Comparison

The current BAC Sharpe Ratio is 0.94, which is lower than the C Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of BAC and C, 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

	BAC	C	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.66	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.49	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.44	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.15	+0.05

Drawdowns

BAC vs. C - Drawdown Comparison

The maximum BAC drawdown since its inception was -93.10%, roughly equal to the maximum C drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for BAC and C.

Drawdown Indicators

	BAC	C	Difference
Max Drawdown Largest peak-to-trough decline	-93.10%	-98.00%	+4.90%
Max Drawdown (1Y) Largest decline over 1 year	-17.93%	-14.76%	-3.17%
Max Drawdown (3Y) Largest decline over 3 years	-27.51%	-31.31%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-46.64%	-47.56%	+0.92%
Max Drawdown (10Y) Largest decline over 10 years	-48.95%	-56.51%	+7.56%
Current Drawdown Current decline from peak	-7.95%	-65.32%	+57.37%
Average Drawdown Average peak-to-trough decline	-28.32%	-43.50%	+15.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	5.11%	+1.82%

Volatility

BAC vs. C - Volatility Comparison

The current volatility for Bank of America Corporation (BAC) is 6.22%, while Citigroup Inc. (C) has a volatility of 7.44%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky than C based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAC	C	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	7.44%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	16.10%	22.66%	-6.56%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	27.86%	-6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	29.11%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.68%	33.20%	-2.52%

Dividends

BAC vs. C - Dividend Comparison

BAC's dividend yield for the trailing twelve months is around 2.10%, more than C's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAC Bank of America Corporation	2.10%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%
C Citigroup Inc.	1.85%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%

Financials

BAC vs. C - Profitability Comparison

The chart below illustrates the profitability comparison between Bank of America Corporation and Citigroup Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.

C - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a gross profit of 21.76B and revenue of 44.14B. Therefore, the gross margin over that period was 49.3%.

BAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.

C - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported an operating income of 7.52B and revenue of 44.14B, resulting in an operating margin of 17.0%.

BAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.

C - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a net income of 5.79B and revenue of 44.14B, resulting in a net margin of 13.1%.

Frequently Asked Questions

Can I hold both BAC and C in my portfolio?

BAC and C have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAC or C?

C has higher volatility (7.44%) compared to BAC (6.22%). In terms of maximum drawdown, BAC dropped -93.10% vs C's -98.00%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.66 vs 0.94), 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.