BBVA vs. BX

Last updated Jun 9, 2026

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) and BX (Blackstone Inc.) are both stocks. Both are in the Financial Services sector — BBVA in Banks - Diversified, BX in Asset Management. Over the past 10 years, BBVA returned 20.71%/yr vs 21.22%/yr for BX. At a 0.42 correlation, their price movements are largely independent.

Performance

BBVA vs. BX - Performance Comparison

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

Returns By Period

In the year-to-date period, BBVA achieves a -1.04% return, which is significantly higher than BX's -24.36% return. Both investments have delivered pretty close results over the past 10 years, with BBVA having a 20.71% annualized return and BX not far ahead at 21.22%.

BBVA

• 1D: 0.68%
• 1M: 0.40%
• YTD: -1.04%
• 6M: 5.63%
• 1Y: 55.10%
• 3Y*: 55.69%
• 5Y*: 36.80%
• 10Y*: 20.71%

BX

• 1D: -1.01%
• 1M: -7.74%
• YTD: -24.36%
• 6M: -22.98%
• 1Y: -15.74%
• 3Y*: 12.42%
• 5Y*: 7.53%
• 10Y*: 21.22%

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

BBVA vs. BX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	-1.04%	153.74%	14.20%	62.48%	10.09%	22.05%	-6.31%	11.07%	-35.01%	32.83%
BX Blackstone Inc.	-24.36%	-7.84%	35.07%	82.75%	-40.01%	107.11%	19.78%	96.33%	0.10%	27.34%

Correlation

The correlation between BBVA and BX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007	0.42

The correlation between BBVA and BX shifts across timeframes, from 0.31 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBVA : $126.59B BX : $89.48B
EPS BBVA : $1.84 BX : $3.90
PE Ratio BBVA : 12.13 BX : 29.25
PEG Ratio BBVA : 0.45 BX : 10.75
PS Ratio BBVA : 2.78 BX : 5.96
PB Ratio BBVA : 2.25 BX : 10.69
Total Revenue (TTM) BBVA : $47.06B BX : $14.99B
Gross Profit (TTM) BBVA : $32.43B BX : $13.12B
EBITDA (TTM) BBVA : $18.16B BX : $7.37B

Return for Risk

BBVA vs. BX — Risk / Return Rank

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

BBVA

BBVA Risk / Return Rank: 81
BBVA Sharpe Ratio Rank: 85
BBVA Sortino Ratio Rank: 80
BBVA Omega Ratio Rank: 79
BBVA Calmar Ratio Rank: 80
BBVA Martin Ratio Rank: 81

BX

BX Risk / Return Rank: 25
BX Sharpe Ratio Rank: 22
BX Sortino Ratio Rank: 22
BX Omega Ratio Rank: 22
BX Calmar Ratio Rank: 30
BX Martin Ratio Rank: 30

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. BX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Blackstone Inc. (BX). 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	BX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	-0.46	+2.11
Sortino ratio: Return per unit of downside risk	2.21	-0.45	+2.67
Omega ratio: Gain probability vs. loss probability	1.28	0.95	+0.33
Calmar ratio: Return relative to maximum drawdown	2.50	-0.35	+2.85
Martin ratio: Return relative to average drawdown	6.60	-0.66	+7.26
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. BX - Sharpe Ratio Comparison

The current BBVA Sharpe Ratio is 1.66, which is higher than the BX Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of BBVA and BX, 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

	BBVA	BX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	-0.46	+2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	0.19	+0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.60	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.28	-0.01

Drawdowns

BBVA vs. BX - Drawdown Comparison

The maximum BBVA drawdown since its inception was -78.31%, smaller than the maximum BX drawdown of -87.62%. Use the drawdown chart below to compare losses from any high point for BBVA and BX.

Drawdown Indicators

	BBVA	BX	Difference
Max Drawdown Largest peak-to-trough decline	-78.31%	-87.62%	+9.31%
Max Drawdown (1Y) Largest decline over 1 year	-22.14%	-44.76%	+22.62%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-46.50%	+24.36%
Max Drawdown (5Y) Largest decline over 5 years	-42.28%	-49.29%	+7.01%
Max Drawdown (10Y) Largest decline over 10 years	-69.63%	-49.29%	-20.34%
Current Drawdown Current decline from peak	-11.65%	-39.62%	+27.97%
Average Drawdown Average peak-to-trough decline	-29.08%	-25.71%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.37%	23.82%	-15.45%

Volatility

BBVA vs. BX - Volatility Comparison

The current volatility for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is 8.65%, while Blackstone Inc. (BX) has a volatility of 11.60%. This indicates that BBVA experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBVA	BX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	11.60%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	26.59%	28.02%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	33.52%	34.59%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.53%	39.34%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.30%	35.76%	+0.54%

Dividends

BBVA vs. BX - Dividend Comparison

BBVA's dividend yield for the trailing twelve months is around 4.84%, more than BX's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	4.84%	3.51%	7.71%	5.51%	6.29%	2.79%	3.50%	5.23%	5.75%	5.17%	6.02%	4.29%
BX Blackstone Inc.	4.35%	3.04%	2.00%	2.54%	6.66%	2.76%	2.95%	3.43%	8.12%	7.25%	6.14%	11.76%

Financials

BBVA vs. BX - Profitability Comparison

The chart below illustrates the profitability comparison between Banco Bilbao Vizcaya Argentaria, S.A. and Blackstone Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported a gross profit of 8.83B and revenue of 10.65B. Therefore, the gross margin over that period was 82.9%.

BX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.

BBVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported an operating income of 4.72B and revenue of 10.65B, resulting in an operating margin of 44.3%.

BX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.

BBVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported a net income of 2.99B and revenue of 10.65B, resulting in a net margin of 28.1%.

BX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.

Frequently Asked Questions

Can I hold both BBVA and BX in my portfolio?

BBVA and BX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBVA or BX?

BX has higher volatility (11.60%) compared to BBVA (8.65%). In terms of maximum drawdown, BBVA dropped -78.31% vs BX's -87.62%.

Which has better risk-adjusted returns?

BBVA currently has the higher Sharpe Ratio (1.66 vs -0.46), 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.