BBVA vs. ^IBEX

Last updated Apr 2, 2026

Compare and contrast key facts about Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and IBEX 35 Index (^IBEX).

Performance

BBVA vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

BBVA vs. ^IBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	-6.39%	153.74%	14.20%	62.48%	10.09%	22.05%	-6.31%	11.07%	-35.01%	32.83%
^IBEX IBEX 35 Index	0.27%	69.32%	7.68%	26.64%	-10.76%	0.04%	-7.97%	9.64%	-18.94%	22.59%

Different Trading Currencies

BBVA is traded in USD, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BBVA achieves a -6.39% return, which is significantly lower than ^IBEX's 0.27% return. Over the past 10 years, BBVA has outperformed ^IBEX with an annualized return of 19.16%, while ^IBEX has yielded a comparatively lower 7.60% annualized return.

BBVA

• 1D: 0.74%
• 1M: -1.89%
• YTD: -6.39%
• 6M: 15.64%
• 1Y: 68.27%
• 3Y*: 55.46%
• 5Y*: 41.00%
• 10Y*: 19.16%

^IBEX

• 1D: 3.49%
• 1M: -2.47%
• YTD: 0.27%
• 6M: 11.83%
• 1Y: 42.05%
• 3Y*: 26.75%
• 5Y*: 15.08%
• 10Y*: 7.60%

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

Return for Risk

BBVA vs. ^IBEX — Risk / Return Rank

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

BBVA

BBVA Risk / Return Rank: 87
BBVA Sharpe Ratio Rank: 90
BBVA Sortino Ratio Rank: 85
BBVA Omega Ratio Rank: 86
BBVA Calmar Ratio Rank: 86
BBVA Martin Ratio Rank: 89

^IBEX

^IBEX Risk / Return Rank: 94
^IBEX Sharpe Ratio Rank: 92
^IBEX Sortino Ratio Rank: 92
^IBEX Omega Ratio Rank: 93
^IBEX Calmar Ratio Rank: 97
^IBEX Martin Ratio Rank: 97

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.

BBVA vs. ^IBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and IBEX 35 Index (^IBEX). 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.

	BBVA	^IBEX	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.04	-0.05
Sortino ratio Return per unit of downside risk	2.48	2.56	-0.08
Omega ratio Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio Return relative to maximum drawdown	3.14	4.77	-1.63
Martin ratio Return relative to average drawdown	10.12	17.21	-7.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBVA vs. ^IBEX - Sharpe Ratio Comparison

The current BBVA Sharpe Ratio is 1.99, which is comparable to the ^IBEX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of BBVA and ^IBEX, 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

	BBVA	^IBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.04	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	0.76	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.36	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.02	+0.24

Correlation

The correlation between BBVA and ^IBEX is 0.72, 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.

Drawdowns

BBVA vs. ^IBEX - Drawdown Comparison

The maximum BBVA drawdown since its inception was -78.31%, which is greater than ^IBEX's maximum drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for BBVA and ^IBEX.

Drawdown Indicators

	BBVA	^IBEX	Difference
Max Drawdown Largest peak-to-trough decline	-78.31%	-62.65%	-15.66%
Max Drawdown (1Y) Largest decline over 1 year	-22.14%	-11.72%	-10.42%
Max Drawdown (5Y) Largest decline over 5 years	-42.28%	-21.76%	-20.52%
Max Drawdown (10Y) Largest decline over 10 years	-69.63%	-45.16%	-24.47%
Current Drawdown Current decline from peak	-16.43%	-4.95%	-11.48%
Average Drawdown Average peak-to-trough decline	-29.17%	-28.45%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	2.66%	+4.21%

Volatility

BBVA vs. ^IBEX - Volatility Comparison

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a higher volatility of 12.59% compared to IBEX 35 Index (^IBEX) at 7.20%. This indicates that BBVA's price experiences larger fluctuations and is considered to be riskier than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBVA	^IBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.59%	7.20%	+5.39%
Volatility (6M) Calculated over the trailing 6-month period	25.06%	13.24%	+11.82%
Volatility (1Y) Calculated over the trailing 1-year period	34.48%	20.19%	+14.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.14%	19.47%	+13.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.36%	20.71%	+15.65%