BBDO vs. ORNBV.HE

Last updated Jun 3, 2026

BBDO (Banco Bradesco S.A.) and ORNBV.HE (Orion Oyj) are both stocks. BBDO operates in Banks - Regional (Financial Services), while ORNBV.HE operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, BBDO returned 3.11%/yr vs 11.50%/yr for ORNBV.HE. At a 0.12 correlation, their price movements are largely independent.

Performance

BBDO vs. ORNBV.HE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Bradesco S.A. (BBDO) and Orion Oyj (ORNBV.HE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BBDO is traded in USD, while ORNBV.HE is traded in EUR. To make them comparable, the ORNBV.HE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BBDO achieves a 14.86% return, which is significantly higher than ORNBV.HE's 5.92% return. Over the past 10 years, BBDO has underperformed ORNBV.HE with an annualized return of 3.11%, while ORNBV.HE has yielded a comparatively higher 11.50% annualized return.

BBDO

• 1D: 0.94%
• 1M: -7.63%
• YTD: 14.86%
• 6M: 5.43%
• 1Y: 35.83%
• 3Y*: 15.28%
• 5Y*: 2.33%
• 10Y*: 3.11%

ORNBV.HE

• 1D: -1.35%
• 1M: -3.04%
• YTD: 5.92%
• 6M: 11.15%
• 1Y: 16.51%
• 3Y*: 25.20%
• 5Y*: 16.43%
• 10Y*: 11.50%

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

BBDO vs. ORNBV.HE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBDO Banco Bradesco S.A.	14.86%	79.75%	-40.08%	37.60%	0.35%	-27.52%	-45.40%	26.95%	6.65%	21.39%
ORNBV.HE Orion Oyj	5.92%	72.56%	6.93%	-17.88%	37.40%	-6.35%	3.01%	39.48%	-2.03%	-13.83%

Correlation

The correlation between BBDO and ORNBV.HE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 14, 2012	0.12

Return for Risk

BBDO vs. ORNBV.HE — Risk / Return Rank

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

BBDO

BBDO Risk / Return Rank: 70
BBDO Sharpe Ratio Rank: 71
BBDO Sortino Ratio Rank: 65
BBDO Omega Ratio Rank: 62
BBDO Calmar Ratio Rank: 75
BBDO Martin Ratio Rank: 74

ORNBV.HE

ORNBV.HE Risk / Return Rank: 56
ORNBV.HE Sharpe Ratio Rank: 57
ORNBV.HE Sortino Ratio Rank: 50
ORNBV.HE Omega Ratio Rank: 53
ORNBV.HE Calmar Ratio Rank: 61
ORNBV.HE Martin Ratio Rank: 62

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.

BBDO vs. ORNBV.HE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bradesco S.A. (BBDO) and Orion Oyj (ORNBV.HE). 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.

	BBDO	ORNBV.HE	Difference
Sharpe ratio Return per unit of total volatility	1.01	0.53	+0.48
Sortino ratio Return per unit of downside risk	1.54	0.91	+0.63
Omega ratio Gain probability vs. loss probability	1.18	1.14	+0.05
Calmar ratio Return relative to maximum drawdown	2.14	0.83	+1.32
Martin ratio Return relative to average drawdown	5.03	1.98	+3.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBDO vs. ORNBV.HE - Sharpe Ratio Comparison

The current BBDO Sharpe Ratio is 1.01, which is higher than the ORNBV.HE Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of BBDO and ORNBV.HE, 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

	BBDO	ORNBV.HE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.53	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.55	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.39	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.35	-0.35

Drawdowns

BBDO vs. ORNBV.HE - Drawdown Comparison

The maximum BBDO drawdown since its inception was -70.44%, which is greater than ORNBV.HE's maximum drawdown of -57.54%. Use the drawdown chart below to compare losses from any high point for BBDO and ORNBV.HE.

Drawdown Indicators

	BBDO	ORNBV.HE	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-57.54%	-12.90%
Max Drawdown (1Y) Largest decline over 1 year	-18.49%	-20.16%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-42.09%	-27.96%	-14.13%
Max Drawdown (5Y) Largest decline over 5 years	-50.19%	-37.83%	-12.36%
Max Drawdown (10Y) Largest decline over 10 years	-70.44%	-57.54%	-12.90%
Current Drawdown Current decline from peak	-34.67%	-11.78%	-22.89%
Average Drawdown Average peak-to-trough decline	-36.97%	-19.06%	-17.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	8.38%	-0.50%

Volatility

BBDO vs. ORNBV.HE - Volatility Comparison

Banco Bradesco S.A. (BBDO) and Orion Oyj (ORNBV.HE) have volatilities of 8.78% and 8.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBDO	ORNBV.HE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.78%	8.37%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	24.30%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	35.65%	31.50%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	29.89%	+12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.53%	29.80%	+17.73%

Dividends

BBDO vs. ORNBV.HE - Dividend Comparison

BBDO's dividend yield for the trailing twelve months is around 7.85%, more than ORNBV.HE's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBDO Banco Bradesco S.A.	7.85%	9.76%	7.84%	9.58%	2.92%	6.00%	2.80%	5.17%	3.21%	5.12%	3.34%	5.75%
ORNBV.HE Orion Oyj	2.56%	2.58%	3.79%	4.07%	2.93%	4.11%	4.00%	3.63%	4.79%	4.34%	3.07%	4.07%

Financials

Frequently Asked Questions

Can I hold both BBDO and ORNBV.HE in my portfolio?

BBDO and ORNBV.HE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.