BBD vs. ITUB

Last updated Apr 1, 2026

Compare and contrast key facts about Banco Bradesco S.A. (BBD) and Itaú Unibanco Holding S.A. (ITUB).

Performance

BBD vs. ITUB - Performance Comparison

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

BBD vs. ITUB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBD Banco Bradesco S.A.	9.91%	95.27%	-41.93%	35.20%	-5.19%	-31.96%	-39.58%	15.02%	10.05%	36.27%
ITUB Itaú Unibanco Holding S.A.	18.24%	86.06%	-23.49%	54.53%	30.82%	-6.05%	-30.47%	8.46%	12.68%	30.90%

Fundamentals

EPS BBD : $3.36 ITUB : $3.90
PE Ratio BBD : 1.09 ITUB : 2.15
PEG Ratio BBD : 0.19 ITUB : 0.21
PS Ratio BBD : 0.10 ITUB : 0.29
Total Revenue (TTM) BBD : $250.12B ITUB : $333.12B
Gross Profit (TTM) BBD : $89.08B ITUB : $98.22B
EBITDA (TTM) BBD : $20.53B ITUB : $52.41B

Returns By Period

In the year-to-date period, BBD achieves a 9.91% return, which is significantly lower than ITUB's 18.24% return. Over the past 10 years, BBD has underperformed ITUB with an annualized return of 3.89%, while ITUB has yielded a comparatively higher 17.98% annualized return.

BBD

• 1D: 4.29%
• 1M: -10.67%
• YTD: 9.91%
• 6M: 12.78%
• 1Y: 78.44%
• 3Y*: 21.05%
• 5Y*: 4.87%
• 10Y*: 3.89%

ITUB

• 1D: 6.48%
• 1M: -6.56%
• YTD: 18.24%
• 6M: 25.99%
• 1Y: 71.86%
• 3Y*: 35.41%
• 5Y*: 32.17%
• 10Y*: 17.98%

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

Return for Risk

BBD vs. ITUB — Risk / Return Rank

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

BBD

BBD Risk / Return Rank: 91
BBD Sharpe Ratio Rank: 91
BBD Sortino Ratio Rank: 90
BBD Omega Ratio Rank: 89
BBD Calmar Ratio Rank: 91
BBD Martin Ratio Rank: 92

ITUB

ITUB Risk / Return Rank: 91
ITUB Sharpe Ratio Rank: 93
ITUB Sortino Ratio Rank: 91
ITUB Omega Ratio Rank: 90
ITUB Calmar Ratio Rank: 91
ITUB Martin Ratio Rank: 92

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. ITUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bradesco S.A. (BBD) and Itaú Unibanco Holding S.A. (ITUB). 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	ITUB	Difference
Sharpe ratio Return per unit of total volatility	2.05	2.34	-0.29
Sortino ratio Return per unit of downside risk	2.83	2.92	-0.09
Omega ratio Gain probability vs. loss probability	1.37	1.38	-0.02
Calmar ratio Return relative to maximum drawdown	4.06	3.95	+0.11
Martin ratio Return relative to average drawdown	12.51	12.57	-0.06
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. ITUB - Sharpe Ratio Comparison

The current BBD Sharpe Ratio is 2.05, which is comparable to the ITUB Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of BBD and ITUB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBD	ITUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.34	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.95	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.46	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.34	-0.10

Correlation

The correlation between BBD and ITUB is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BBD vs. ITUB - Dividend Comparison

BBD's dividend yield for the trailing twelve months is around 7.15%, less than ITUB's 7.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBD Banco Bradesco S.A.	7.15%	9.26%	8.06%	9.57%	2.87%	5.79%	2.70%	5.52%	3.10%	5.05%	3.65%	6.57%
ITUB Itaú Unibanco Holding S.A.	7.59%	11.26%	9.20%	3.61%	4.21%	29.81%	4.80%	8.21%	6.93%	3.35%	15.63%	3.89%

Drawdowns

BBD vs. ITUB - Drawdown Comparison

The maximum BBD drawdown since its inception was -72.89%, which is greater than ITUB's maximum drawdown of -69.35%. Use the drawdown chart below to compare losses from any high point for BBD and ITUB.

Drawdown Indicators

	BBD	ITUB	Difference
Max Drawdown Largest peak-to-trough decline	-72.89%	-69.35%	-3.54%
Max Drawdown (1Y) Largest decline over 1 year	-18.54%	-18.02%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-53.76%	-31.59%	-22.17%
Max Drawdown (10Y) Largest decline over 10 years	-72.89%	-61.96%	-10.93%
Current Drawdown Current decline from peak	-40.57%	-11.61%	-28.96%
Average Drawdown Average peak-to-trough decline	-30.99%	-21.09%	-9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	5.67%	+0.35%

Volatility

BBD vs. ITUB - Volatility Comparison

Banco Bradesco S.A. (BBD) has a higher volatility of 14.88% compared to Itaú Unibanco Holding S.A. (ITUB) at 13.74%. This indicates that BBD's price experiences larger fluctuations and is considered to be riskier than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBD	ITUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	13.74%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	26.37%	23.77%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	38.44%	30.87%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.83%	33.99%	+4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.03%	38.85%	+4.18%

Financials

BBD vs. ITUB - Profitability Comparison

The chart below illustrates the profitability comparison between Banco Bradesco S.A. and Itaú Unibanco Holding S.A. 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 Apr 2026, Banco Bradesco S.A. reported a gross profit of 22.67B and revenue of 22.67B. Therefore, the gross margin over that period was 100.0%.

ITUB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a gross profit of 0.00 and revenue of 100.37B. Therefore, the gross margin over that period was 0.0%.

BBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported an operating income of 12.27B and revenue of 22.67B, resulting in an operating margin of 54.1%.

ITUB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported an operating income of 10.61B and revenue of 100.37B, resulting in an operating margin of 10.6%.

BBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported a net income of 6.50B and revenue of 22.67B, resulting in a net margin of 28.7%.

ITUB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a net income of 12.09B and revenue of 100.37B, resulting in a net margin of 12.0%.