BBD vs. NU
BBD (Banco Bradesco S.A.) and NU (Nu Holdings Ltd.) are both stocks. Both are in the Financial Services sector — BBD in Banks - Regional, NU in Banks - Diversified. Over the past 3 years, BBD returned 8.28%/yr vs 19.16%/yr for NU. At a 0.38 correlation, their price movements are largely independent.
Performance
BBD vs. NU - Performance Comparison
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Returns By Period
In the year-to-date period, BBD achieves a 5.22% return, which is significantly higher than NU's -23.60% 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%
NU
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- -23.60%
- 6M
- -23.04%
- 1Y
- 5.35%
- 3Y*
- 19.16%
- 5Y*
- —
- 10Y*
- —
BBD vs. NU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBD Banco Bradesco S.A. | 5.22% | 95.27% | -41.93% | 35.20% | -5.19% | -7.38% |
NU Nu Holdings Ltd. | -23.60% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
Correlation
The correlation between BBD and NU is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.38 |
Over the past year, BBD and NU have become more correlated (0.63) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
BBD:
$36.27B
NU:
$62.80B
BBD:
R$2.14
NU:
$0.65
BBD:
8.24
NU:
19.71
BBD:
1.35
NU:
0.30
BBD:
0.51
NU:
3.58
BBD:
5.43
NU:
4.99
BBD:
R$369.74B
NU:
$17.54B
BBD:
R$131.29B
NU:
$7.67B
BBD:
-R$2.27B
NU:
$4.14B
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Return for Risk
BBD vs. NU — Risk / Return Rank
BBD
NU
BBD vs. NU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Bradesco S.A. (BBD) and Nu Holdings Ltd. (NU). 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 | NU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.14 | +0.92 |
| Martin ratioReturn relative to average drawdown | 2.65 | 0.33 | +2.32 |
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Drawdowns
BBD vs. NU - Drawdown Comparison
The maximum BBD drawdown since its inception was -72.89%, roughly equal to the maximum NU drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for BBD and NU.
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Drawdown Indicators
| BBD | NU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.89% | -72.07% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -38.17% | +16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -43.94% | -39.58% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -52.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.89% | — | — |
Current DrawdownCurrent decline from peak | -43.11% | -31.82% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -31.06% | -29.78% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.70% | 16.02% | -7.32% |
Volatility
BBD vs. NU - Volatility Comparison
The current volatility for Banco Bradesco S.A. (BBD) is 8.28%, while Nu Holdings Ltd. (NU) has a volatility of 13.41%. This indicates that BBD experiences smaller price fluctuations and is considered to be less risky than NU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBD | NU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 13.41% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 25.73% | 28.95% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.55% | 38.22% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.68% | 58.38% | -19.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.69% | 58.38% | -15.69% |
Dividends
BBD vs. NU - Dividend Comparison
BBD's dividend yield for the trailing twelve months is around 8.15%, while NU has not paid dividends to shareholders.
| 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% |
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BBD vs. NU - Financials Comparison
This section allows you to compare key financial metrics between Banco Bradesco S.A. and Nu Holdings Ltd.. 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. NU - 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%.
NU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a gross profit of 2.00B and revenue of 4.98B. Therefore, the gross margin over that period was 40.2%.
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%.
NU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported an operating income of 954.31M and revenue of 4.98B, resulting in an operating margin of 19.2%.
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%.
NU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a net income of 872.06M and revenue of 4.98B, resulting in a net margin of 17.5%.
Frequently Asked Questions
BBD and NU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (13.41%) compared to BBD (8.28%). In terms of maximum drawdown, BBD dropped -72.89% vs NU's -72.07%.
BBD currently has the higher Sharpe Ratio (0.69 vs 0.14), 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.
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