BBAR vs. BMA
BBAR (Banco BBVA Argentina S.A.) and BMA (Banco Macro S.A.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BBAR returned 4.87%/yr vs 8.26%/yr for BMA. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BBAR vs. BMA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBAR achieves a 17.31% return, which is significantly higher than BMA's 11.48% return. Over the past 10 years, BBAR has underperformed BMA with an annualized return of 4.87%, while BMA has yielded a comparatively higher 8.26% annualized return.
BBAR
- 1D
- -4.16%
- 1M
- 37.46%
- YTD
- 17.31%
- 6M
- 15.71%
- 1Y
- 29.37%
- 3Y*
- 64.02%
- 5Y*
- 51.39%
- 10Y*
- 4.87%
BMA
- 1D
- -4.33%
- 1M
- 28.85%
- YTD
- 11.48%
- 6M
- 10.64%
- 1Y
- 47.75%
- 3Y*
- 71.56%
- 5Y*
- 53.21%
- 10Y*
- 8.26%
BBAR vs. BMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBAR Banco BBVA Argentina S.A. | 17.31% | -3.96% | 315.76% | 47.33% | 34.59% | -1.87% | -42.37% | -49.21% | -54.49% | 46.89% |
BMA Banco Macro S.A. | 11.48% | -3.55% | 277.79% | 91.62% | 27.04% | -9.96% | -57.05% | -14.00% | -60.72% | 81.54% |
Correlation
The correlation between BBAR and BMA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2006 | 0.72 |
The correlation between BBAR and BMA shifts across timeframes, from 0.72 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BBAR:
$4.29B
BMA:
$6.22B
BBAR:
ARS 1.09K
BMA:
ARS 5.81K
BBAR:
28.11
BMA:
24.49
BBAR:
0.12
BMA:
0.04
BBAR:
0.99
BMA:
1.91
BBAR:
1.61
BMA:
1.55
BBAR:
ARS 6.35T
BMA:
ARS 4.76T
BBAR:
ARS 3.08T
BMA:
ARS 2.84T
BBAR:
ARS 526.52B
BMA:
ARS 751.84B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBAR vs. BMA — Risk / Return Rank
BBAR
BMA
BBAR vs. BMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco BBVA Argentina S.A. (BBAR) and Banco Macro S.A. (BMA). 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.
| BBAR | BMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.01 | -0.47 |
| Martin ratioReturn relative to average drawdown | 1.19 | 2.25 | -1.07 |
Loading charts...
Drawdowns
BBAR vs. BMA - Drawdown Comparison
The maximum BBAR drawdown since its inception was -96.23%, roughly equal to the maximum BMA drawdown of -91.66%. Use the drawdown chart below to compare losses from any high point for BBAR and BMA.
Loading charts...
Drawdown Indicators
| BBAR | BMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.23% | -91.66% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -54.11% | -47.38% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -66.16% | -65.40% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -66.16% | -65.40% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -91.55% | -91.66% | +0.11% |
Current DrawdownCurrent decline from peak | -9.19% | -10.20% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -57.53% | -44.77% | -12.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.80% | 21.24% | +3.56% |
Volatility
BBAR vs. BMA - Volatility Comparison
Banco BBVA Argentina S.A. (BBAR) has a higher volatility of 22.40% compared to Banco Macro S.A. (BMA) at 18.80%. This indicates that BBAR's price experiences larger fluctuations and is considered to be riskier than BMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBAR | BMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.40% | 18.80% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 46.27% | 40.03% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.59% | 74.72% | +6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.92% | 59.67% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.00% | 62.40% | +2.60% |
Dividends
BBAR vs. BMA - Dividend Comparison
BBAR's dividend yield for the trailing twelve months is around 1.48%, less than BMA's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBAR Banco BBVA Argentina S.A. | 1.48% | 0.85% | 8.10% | 5.17% | 5.21% | 0.00% | 0.00% | 4.76% | 2.04% | 1.00% | 2.41% |
BMA Banco Macro S.A. | 4.92% | 2.38% | 6.10% | 7.75% | 7.28% | 0.00% | 0.00% | 6.20% | 5.05% | 0.65% | 1.53% |
Financials
BBAR vs. BMA - Financials Comparison
This section allows you to compare key financial metrics between Banco BBVA Argentina S.A. and Banco Macro S.A.. 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
BBAR vs. BMA - Profitability Comparison
BBAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported a gross profit of 918.80B and revenue of 1.81T. Therefore, the gross margin over that period was 50.8%.
BMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a gross profit of 1.17T and revenue of 1.91T. Therefore, the gross margin over that period was 61.1%.
BBAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported an operating income of 131.98B and revenue of 1.81T, resulting in an operating margin of 7.3%.
BMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported an operating income of 212.69B and revenue of 1.91T, resulting in an operating margin of 11.2%.
BBAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported a net income of 78.42B and revenue of 1.81T, resulting in a net margin of 4.3%.
BMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a net income of 140.24B and revenue of 1.91T, resulting in a net margin of 7.4%.
Frequently Asked Questions
BBAR and BMA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBAR has higher volatility (22.40%) compared to BMA (18.80%). In terms of maximum drawdown, BBAR dropped -96.23% vs BMA's -91.66%.
BMA currently has the higher Sharpe Ratio (0.64 vs 0.36), 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.
Find the right allocation for BBAR and BMA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer