BAP vs. IFS
BAP (Credicorp Ltd.) and IFS (Intercorp Financial Services Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, BAP returned 33.76%/yr vs 23.93%/yr for IFS. At a 0.49 correlation, their price movements are largely independent.
Performance
BAP vs. IFS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BAP having a 39.67% return and IFS slightly higher at 40.75%.
BAP
- 1D
- -1.08%
- 1M
- 21.21%
- YTD
- 39.67%
- 6M
- 42.65%
- 1Y
- 84.07%
- 3Y*
- 44.93%
- 5Y*
- 33.76%
- 10Y*
- 14.57%
IFS
- 1D
- -0.47%
- 1M
- 22.87%
- YTD
- 40.75%
- 6M
- 39.57%
- 1Y
- 65.35%
- 3Y*
- 38.44%
- 5Y*
- 23.93%
- 10Y*
- —
BAP vs. IFS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 39.67% | 65.23% | 31.35% | 16.29% | 14.47% | -24.73% | -17.56% | 0.95% |
IFS Intercorp Financial Services Inc. | 40.75% | 49.00% | 39.89% | -1.52% | -5.41% | -13.75% | -16.06% | 2.61% |
Correlation
The correlation between BAP and IFS is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2019 | 0.49 |
The correlation between BAP and IFS shifts across timeframes, from 0.49 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BAP:
$30.42B
IFS:
$6.36B
BAP:
PEN 90.36
IFS:
PEN 18.58
BAP:
14.35
IFS:
10.45
BAP:
0.78
IFS:
1.82
BAP:
3.59
IFS:
2.20
BAP:
2.66
IFS:
1.80
BAP:
PEN 28.76B
IFS:
PEN 9.79B
BAP:
PEN 22.06B
IFS:
PEN 6.59B
BAP:
PEN 11.19B
IFS:
PEN 2.86B
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Return for Risk
BAP vs. IFS — Risk / Return Rank
BAP
IFS
BAP vs. IFS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credicorp Ltd. (BAP) and Intercorp Financial Services Inc. (IFS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAP | IFS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 4.90 | +0.48 |
| Martin ratioReturn relative to average drawdown | 11.89 | 12.24 | -0.35 |
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Drawdowns
BAP vs. IFS - Drawdown Comparison
The maximum BAP drawdown since its inception was -75.92%, which is greater than IFS's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for BAP and IFS.
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Drawdown Indicators
| BAP | IFS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.92% | -55.33% | -20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.71% | -13.40% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.53% | -28.42% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -44.33% | +10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -0.47% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -24.71% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | 5.36% | +1.73% |
Volatility
BAP vs. IFS - Volatility Comparison
Credicorp Ltd. (BAP) and Intercorp Financial Services Inc. (IFS) have volatilities of 15.57% and 15.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAP | IFS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.57% | 15.52% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 29.54% | 27.95% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.23% | 33.13% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.70% | 32.67% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 37.35% | -6.09% |
Dividends
BAP vs. IFS - Dividend Comparison
BAP's dividend yield for the trailing twelve months is around 3.73%, more than IFS's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 3.73% | 3.78% | 6.65% | 4.52% | 2.84% | 0.99% | 5.37% | 3.95% | 1.94% | 4.16% | 1.47% | 2.25% |
IFS Intercorp Financial Services Inc. | 3.14% | 2.36% | 3.41% | 5.38% | 7.45% | 5.38% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BAP vs. IFS - Financials Comparison
This section allows you to compare key financial metrics between Credicorp Ltd. and Intercorp Financial Services Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BAP vs. IFS - Profitability Comparison
BAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported a gross profit of 6.01B and revenue of 7.74B. Therefore, the gross margin over that period was 77.7%.
IFS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported a gross profit of 2.34B and revenue of 3.07B. Therefore, the gross margin over that period was 76.3%.
BAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported an operating income of 2.91B and revenue of 7.74B, resulting in an operating margin of 37.7%.
IFS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported an operating income of 754.64M and revenue of 3.07B, resulting in an operating margin of 24.6%.
BAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported a net income of 2.06B and revenue of 7.74B, resulting in a net margin of 26.6%.
IFS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported a net income of 597.27M and revenue of 3.07B, resulting in a net margin of 19.5%.
Frequently Asked Questions
BAP and IFS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAP has higher volatility (15.57%) compared to IFS (15.52%). In terms of maximum drawdown, BAP dropped -75.92% vs IFS's -55.33%.
BAP currently has the higher Sharpe Ratio (2.54 vs 1.98), 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.
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