BBAR vs. CEPU

Last updated Jun 9, 2026

BBAR (Banco BBVA Argentina S.A.) and CEPU (Central Puerto S.A.) are both stocks. BBAR operates in Banks - Regional (Financial Services), while CEPU operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, BBAR returned 42.27%/yr vs 43.41%/yr for CEPU. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

BBAR vs. CEPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco BBVA Argentina S.A. (BBAR) and Central Puerto S.A. (CEPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAR achieves a -3.71% return, which is significantly higher than CEPU's -16.69% return.

BBAR

• 1D: -1.49%
• 1M: 16.25%
• YTD: -3.71%
• 6M: 5.85%
• 1Y: -1.85%
• 3Y*: 60.14%
• 5Y*: 42.27%
• 10Y*: 2.50%

CEPU

• 1D: -0.41%
• 1M: 3.33%
• YTD: -16.69%
• 6M: -13.32%
• 1Y: 17.87%
• 3Y*: 32.66%
• 5Y*: 43.41%
• 10Y*: —

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

BBAR vs. CEPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBAR Banco BBVA Argentina S.A.	-3.71%	-3.96%	315.76%	47.33%	34.59%	-1.87%	-42.37%	-49.21%	-53.86%
CEPU Central Puerto S.A.	-16.69%	20.77%	60.75%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-42.82%

Correlation

The correlation between BBAR and CEPU is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.65

The correlation between BBAR and CEPU shifts across timeframes, from 0.65 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBAR : $3.52B CEPU : $2.19B
EPS BBAR : $1.09K CEPU : $4.58K
PE Ratio BBAR : 0.02 CEPU : 0.00
PEG Ratio BBAR : 0.00 CEPU : 0.00
PS Ratio BBAR : 0.00 CEPU : 0.00
PB Ratio BBAR : 0.00 CEPU : 0.00
Total Revenue (TTM) BBAR : $6.35T CEPU : $2.01T
Gross Profit (TTM) BBAR : $3.08T CEPU : $701.24B
EBITDA (TTM) BBAR : $526.52B CEPU : $855.91B

Return for Risk

BBAR vs. CEPU — Risk / Return Rank

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

BBAR

BBAR Risk / Return Rank: 43
BBAR Sharpe Ratio Rank: 41
BBAR Sortino Ratio Rank: 45
BBAR Omega Ratio Rank: 45
BBAR Calmar Ratio Rank: 41
BBAR Martin Ratio Rank: 41

CEPU

CEPU Risk / Return Rank: 54
CEPU Sharpe Ratio Rank: 52
CEPU Sortino Ratio Rank: 57
CEPU Omega Ratio Rank: 53
CEPU Calmar Ratio Rank: 53
CEPU Martin Ratio Rank: 54

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.

BBAR vs. CEPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco BBVA Argentina S.A. (BBAR) and Central Puerto S.A. (CEPU). 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.

	BBAR	CEPU	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.27	-0.29
Sortino ratio: Return per unit of downside risk	0.60	1.07	-0.47
Omega ratio: Gain probability vs. loss probability	1.07	1.12	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.03	0.44	-0.47
Martin ratio: Return relative to average drawdown	-0.07	1.06	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAR vs. CEPU - Sharpe Ratio Comparison

The current BBAR Sharpe Ratio is -0.02, which is lower than the CEPU Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of BBAR and CEPU, 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

	BBAR	CEPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.27	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.77	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.00	+0.04

Drawdowns

BBAR vs. CEPU - Drawdown Comparison

The maximum BBAR drawdown since its inception was -96.23%, which is greater than CEPU's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for BBAR and CEPU.

Drawdown Indicators

	BBAR	CEPU	Difference
Max Drawdown Largest peak-to-trough decline	-96.23%	-88.97%	-7.26%
Max Drawdown (1Y) Largest decline over 1 year	-57.34%	-40.74%	-16.60%
Max Drawdown (3Y) Largest decline over 3 years	-66.16%	-51.70%	-14.46%
Max Drawdown (5Y) Largest decline over 5 years	-66.16%	-51.70%	-14.46%
Max Drawdown (10Y) Largest decline over 10 years	-91.55%	—	—
Current Drawdown Current decline from peak	-25.47%	-18.77%	-6.70%
Average Drawdown Average peak-to-trough decline	-57.59%	-55.09%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.91%	16.91%	+10.00%

Volatility

BBAR vs. CEPU - Volatility Comparison

Banco BBVA Argentina S.A. (BBAR) has a higher volatility of 21.54% compared to Central Puerto S.A. (CEPU) at 14.25%. This indicates that BBAR's price experiences larger fluctuations and is considered to be riskier than CEPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAR	CEPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.54%	14.25%	+7.29%
Volatility (6M) Calculated over the trailing 6-month period	43.67%	31.51%	+12.16%
Volatility (1Y) Calculated over the trailing 1-year period	80.39%	67.44%	+12.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.67%	57.11%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.79%	61.34%	+3.45%

Dividends

BBAR vs. CEPU - Dividend Comparison

BBAR's dividend yield for the trailing twelve months is around 1.73%, while CEPU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBAR Banco BBVA Argentina S.A.	1.73%	0.85%	8.10%	5.17%	5.21%	0.00%	0.00%	4.76%	2.04%	1.00%	2.41%
CEPU Central Puerto S.A.	0.00%	0.00%	0.64%	8.91%	2.78%	0.00%	0.00%	2.44%	3.70%	0.00%	0.00%

Financials

BBAR vs. CEPU - Profitability Comparison

The chart below illustrates the profitability comparison between Banco BBVA Argentina S.A. and Central Puerto S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CEPU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.

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%.

CEPU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.

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%.

CEPU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.

Frequently Asked Questions

Can I hold both BBAR and CEPU in my portfolio?

BBAR and CEPU have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBAR or CEPU?

BBAR has higher volatility (21.54%) compared to CEPU (14.25%). In terms of maximum drawdown, BBAR dropped -96.23% vs CEPU's -88.97%.

Which has better risk-adjusted returns?

CEPU currently has the higher Sharpe Ratio (0.27 vs -0.02), 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.