BBD vs. BSBR
BBD (Banco Bradesco S.A.) and BSBR (Banco Santander (Brasil) S.A.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BBD returned 2.92%/yr vs 6.73%/yr for BSBR. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
BBD vs. BSBR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBD achieves a 5.22% return, which is significantly higher than BSBR's -9.76% return. Over the past 10 years, BBD has underperformed BSBR with an annualized return of 2.92%, while BSBR has yielded a comparatively higher 6.73% annualized return.
BBD
- 1D
- 2.08%
- 1M
- -1.04%
- YTD
- 5.22%
- 6M
- 9.41%
- 1Y
- 23.01%
- 3Y*
- 8.28%
- 5Y*
- 0.05%
- 10Y*
- 2.92%
BSBR
- 1D
- 2.12%
- 1M
- -1.48%
- YTD
- -9.76%
- 6M
- -5.75%
- 1Y
- 7.31%
- 3Y*
- 0.05%
- 5Y*
- -2.26%
- 10Y*
- 6.73%
BBD vs. BSBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBD Banco Bradesco S.A. | 5.22% | 95.27% | -41.93% | 35.20% | -5.19% | -31.96% | -39.58% | 15.02% | 10.05% | 36.27% |
BSBR Banco Santander (Brasil) S.A. | -9.76% | 67.32% | -36.75% | 29.04% | 7.57% | -30.10% | -23.66% | 13.87% | 23.24% | 11.80% |
Correlation
The correlation between BBD and BSBR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2009 | 0.79 |
The correlation between BBD and BSBR has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
Fundamentals
BBD:
$36.27B
BSBR:
$39.77B
BBD:
R$2.14
BSBR:
R$1.95
BBD:
8.24
BSBR:
14.02
BBD:
1.35
BSBR:
1.07
BBD:
0.51
BSBR:
1.12
BBD:
5.43
BSBR:
1.62
BBD:
R$369.74B
BSBR:
R$160.28B
BBD:
R$131.29B
BSBR:
R$43.51B
BBD:
-R$2.27B
BSBR:
R$18.53B
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
BBD vs. BSBR — Risk / Return Rank
BBD
BSBR
BBD vs. BSBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Bradesco S.A. (BBD) and Banco Santander (Brasil) S.A. (BSBR). 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.
| BBD | BSBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.28 | +0.79 |
| Martin ratioReturn relative to average drawdown | 2.65 | 0.61 | +2.04 |
Loading charts...
Drawdowns
BBD vs. BSBR - Drawdown Comparison
The maximum BBD drawdown since its inception was -72.89%, which is greater than BSBR's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for BBD and BSBR.
Loading charts...
Drawdown Indicators
| BBD | BSBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.89% | -69.38% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -26.51% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -43.94% | -39.50% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -52.92% | -43.85% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -72.89% | -69.38% | -3.51% |
Current DrawdownCurrent decline from peak | -43.11% | -36.26% | -6.85% |
Average DrawdownAverage peak-to-trough decline | -31.06% | -36.17% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.70% | 12.04% | -3.34% |
Volatility
BBD vs. BSBR - Volatility Comparison
Banco Bradesco S.A. (BBD) has a higher volatility of 8.28% compared to Banco Santander (Brasil) S.A. (BSBR) at 7.21%. This indicates that BBD's price experiences larger fluctuations and is considered to be riskier than BSBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBD | BSBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 7.21% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 25.73% | 24.96% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.55% | 32.67% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.68% | 34.20% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.69% | 41.08% | +1.61% |
Dividends
BBD vs. BSBR - Dividend Comparison
BBD's dividend yield for the trailing twelve months is around 8.15%, which matches BSBR's 8.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBD Banco Bradesco S.A. | 8.15% | 9.26% | 8.06% | 9.57% | 2.87% | 5.79% | 2.70% | 5.52% | 3.10% | 5.05% | 3.65% | 6.57% |
BSBR Banco Santander (Brasil) S.A. | 8.12% | 5.38% | 7.86% | 5.09% | 8.09% | 9.57% | 7.56% | 4.41% | 6.07% | 2.52% | 2.27% | 6.91% |
Financials
BBD vs. BSBR - Financials Comparison
This section allows you to compare key financial metrics between Banco Bradesco S.A. and Banco Santander (Brasil) 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
BBD vs. BSBR - Profitability Comparison
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%.
BSBR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported a gross profit of 10.77B and revenue of 38.36B. Therefore, the gross margin over that period was 28.1%.
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%.
BSBR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported an operating income of 4.71B and revenue of 38.36B, resulting in an operating margin of 12.3%.
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%.
BSBR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported a net income of 3.22B and revenue of 38.36B, resulting in a net margin of 8.4%.
Frequently Asked Questions
BBD and BSBR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBD has higher volatility (8.28%) compared to BSBR (7.21%). In terms of maximum drawdown, BBD dropped -72.89% vs BSBR's -69.38%.
BBD currently has the higher Sharpe Ratio (0.69 vs 0.23), 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 BBD and BSBR
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