BBD vs. BAC

Last updated Jun 4, 2026

BBD (Banco Bradesco S.A.) and BAC (Bank of America Corporation) are both stocks. Both are in the Financial Services sector — BBD in Banks - Regional, BAC in Banks - Diversified. Over the past 10 years, BBD returned 3.60%/yr vs 16.28%/yr for BAC. At a 0.36 correlation, their price movements are largely independent.

Performance

BBD vs. BAC - Performance Comparison

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

Returns By Period

In the year-to-date period, BBD achieves a 3.69% return, which is significantly higher than BAC's -4.19% return. Over the past 10 years, BBD has underperformed BAC with an annualized return of 3.60%, while BAC has yielded a comparatively higher 16.28% annualized return.

BBD

• 1D: -3.60%
• 1M: -9.68%
• YTD: 3.69%
• 6M: -1.52%
• 1Y: 24.22%
• 3Y*: 10.23%
• 5Y*: -0.68%
• 10Y*: 3.60%

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%

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

BBD vs. BAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBD Banco Bradesco S.A.	3.69%	95.27%	-41.93%	35.20%	-5.19%	-31.96%	-39.58%	15.02%	10.05%	36.27%
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%

Correlation

The correlation between BBD and BAC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001	0.36

The correlation between BBD and BAC shifts across timeframes, from 0.26 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBD : $35.74B BAC : $388.68B
EPS BBD : $2.14 BAC : $4.19
PE Ratio BBD : 1.58 BAC : 12.50
PEG Ratio BBD : 0.26 BAC : 5.02
PS Ratio BBD : 0.10 BAC : 2.27
PB Ratio BBD : 1.04 BAC : 1.41
Total Revenue (TTM) BBD : $369.74B BAC : $174.85B
Gross Profit (TTM) BBD : $131.29B BAC : $110.47B
EBITDA (TTM) BBD : -$2.27B BAC : $41.74B

Return for Risk

BBD vs. BAC — Risk / Return Rank

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

BBD

BBD Risk / Return Rank: 62
BBD Sharpe Ratio Rank: 64
BBD Sortino Ratio Rank: 57
BBD Omega Ratio Rank: 56
BBD Calmar Ratio Rank: 65
BBD Martin Ratio Rank: 67

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

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.

BBD vs. BAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bradesco S.A. (BBD) and Bank of America Corporation (BAC). 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.

	BBD	BAC	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.94	-0.21
Sortino ratio Return per unit of downside risk	1.17	1.35	-0.18
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.03
Calmar ratio Return relative to maximum drawdown	1.24	1.12	+0.12
Martin ratio Return relative to average drawdown	3.18	2.89	+0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBD vs. BAC - Sharpe Ratio Comparison

The current BBD Sharpe Ratio is 0.73, which is comparable to the BAC Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of BBD and BAC, 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

	BBD	BAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.94	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.24	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.53	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.20	+0.04

Drawdowns

BBD vs. BAC - Drawdown Comparison

The maximum BBD drawdown since its inception was -72.89%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for BBD and BAC.

Drawdown Indicators

	BBD	BAC	Difference
Max Drawdown Largest peak-to-trough decline	-72.89%	-93.10%	+20.21%
Max Drawdown (1Y) Largest decline over 1 year	-19.55%	-17.93%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-43.94%	-27.51%	-16.43%
Max Drawdown (5Y) Largest decline over 5 years	-53.76%	-46.64%	-7.12%
Max Drawdown (10Y) Largest decline over 10 years	-72.89%	-48.95%	-23.94%
Current Drawdown Current decline from peak	-43.94%	-7.95%	-35.99%
Average Drawdown Average peak-to-trough decline	-31.04%	-28.32%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	6.93%	+0.71%

Volatility

BBD vs. BAC - Volatility Comparison

Banco Bradesco S.A. (BBD) has a higher volatility of 10.00% compared to Bank of America Corporation (BAC) at 6.22%. This indicates that BBD's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBD	BAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	6.22%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	27.27%	16.10%	+11.17%
Volatility (1Y) Calculated over the trailing 1-year period	33.45%	21.33%	+12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.63%	26.85%	+11.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.77%	30.68%	+12.09%

Dividends

BBD vs. BAC - Dividend Comparison

BBD's dividend yield for the trailing twelve months is around 8.37%, more than BAC's 2.10% 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%
BBD Banco Bradesco S.A.	8.37%	9.26%	8.06%	9.57%	2.87%	5.79%	2.70%	5.52%	3.10%	5.05%	3.65%	6.57%

Financials

BBD vs. BAC - Profitability Comparison

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

BBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Bradesco S.A. reported a gross profit of 35.56B and revenue of 97.75B. Therefore, the gross margin over that period was 36.4%.

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%.

BBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Bradesco S.A. reported an operating income of 7.68B and revenue of 97.75B, resulting in an operating margin of 7.9%.

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%.

BBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Bradesco S.A. reported a net income of 5.08B and revenue of 97.75B, resulting in a net margin of 5.2%.

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%.

Frequently Asked Questions

Can I hold both BBD and BAC in my portfolio?

BBD and BAC have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBD or BAC?

BBD has higher volatility (10.00%) compared to BAC (6.22%). In terms of maximum drawdown, BBD dropped -72.89% vs BAC's -93.10%.

Which has better risk-adjusted returns?

BAC currently has the higher Sharpe Ratio (0.94 vs 0.73), 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.