BBVA vs. ^IBEX
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) is a stock, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, BBVA returned 21.27%/yr vs 8.61%/yr for ^IBEX. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BBVA vs. ^IBEX - Performance Comparison
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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 8.30% return, which is significantly lower than ^IBEX's 9.88% return. Over the past 10 years, BBVA has outperformed ^IBEX with an annualized return of 21.27%, while ^IBEX has yielded a comparatively lower 8.61% annualized return.
BBVA
- 1D
- 0.04%
- 1M
- 13.18%
- YTD
- 8.30%
- 6M
- 10.38%
- 1Y
- 70.63%
- 3Y*
- 57.66%
- 5Y*
- 40.18%
- 10Y*
- 21.27%
^IBEX
- 1D
- 0.00%
- 1M
- 8.92%
- YTD
- 9.88%
- 6M
- 11.22%
- 1Y
- 39.77%
- 3Y*
- 29.44%
- 5Y*
- 15.83%
- 10Y*
- 8.61%
BBVA vs. ^IBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 8.30% | 153.74% | 14.20% | 62.48% | 10.09% | 22.05% | -6.31% | 11.07% | -35.01% | 32.83% |
^IBEX IBEX 35 Index | 9.88% | 69.32% | 7.68% | 26.64% | -10.76% | 0.04% | -7.97% | 9.64% | -18.94% | 22.59% |
Correlation
The correlation between BBVA and ^IBEX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2007 | 0.72 |
The correlation between BBVA and ^IBEX has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
BBVA vs. ^IBEX — Risk / Return Rank
BBVA
^IBEX
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.
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.
| BBVA | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.45 | -0.24 |
| Martin ratioReturn relative to average drawdown | 8.37 | 11.02 | -2.66 |
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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.
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Drawdown Indicators
| BBVA | ^IBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.31% | -71.44% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -22.14% | -11.37% | -10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -12.06% | -10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -42.28% | -35.10% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -69.63% | -49.25% | -20.38% |
Current DrawdownCurrent decline from peak | -3.31% | -4.54% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -29.07% | -46.75% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 3.58% | +4.89% |
Volatility
BBVA vs. ^IBEX - Volatility Comparison
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a higher volatility of 9.97% compared to IBEX 35 Index (^IBEX) at 4.62%. 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.
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Volatility by Period
| BBVA | ^IBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 4.62% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 27.03% | 15.02% | +12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.54% | 17.88% | +15.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 19.71% | +13.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.25% | 20.74% | +15.51% |
Frequently Asked Questions
BBVA and ^IBEX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBVA has higher volatility (9.97%) compared to ^IBEX (4.62%). In terms of maximum drawdown, BBVA dropped -78.31% vs ^IBEX's -71.44%.
^IBEX currently has the higher Sharpe Ratio (2.19 vs 2.12), 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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