BBVA vs. EWY
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, BBVA returned 19.97%/yr vs 16.82%/yr for EWY. At a 0.47 correlation, their price movements are largely independent.
Performance
BBVA vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, BBVA achieves a 1.00% return, which is significantly lower than EWY's 109.80% return. Over the past 10 years, BBVA has outperformed EWY with an annualized return of 19.97%, while EWY has yielded a comparatively lower 16.82% annualized return.
BBVA
- 1D
- 0.79%
- 1M
- 6.73%
- YTD
- 1.00%
- 6M
- 6.29%
- 1Y
- 60.51%
- 3Y*
- 57.72%
- 5Y*
- 37.49%
- 10Y*
- 19.97%
EWY
- 1D
- -4.22%
- 1M
- 17.58%
- YTD
- 109.80%
- 6M
- 127.01%
- 1Y
- 225.96%
- 3Y*
- 49.84%
- 5Y*
- 19.28%
- 10Y*
- 16.82%
BBVA vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 1.00% | 153.74% | 14.20% | 62.48% | 10.09% | 22.05% | -6.31% | 11.07% | -35.01% | 32.83% |
EWY iShares MSCI South Korea ETF | 109.80% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between BBVA and EWY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.47 |
The correlation between BBVA and EWY shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBVA vs. EWY — Risk / Return Rank
BBVA
EWY
BBVA vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.69 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 9.86 | -7.11 |
| Martin ratioReturn relative to average drawdown | 7.31 | 36.63 | -29.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBVA | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 5.38 | -3.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.67 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.62 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.33 | -0.06 |
Drawdowns
BBVA vs. EWY - Drawdown Comparison
The maximum BBVA drawdown since its inception was -78.31%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for BBVA and EWY.
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Drawdown Indicators
| BBVA | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.31% | -74.14% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -22.14% | -23.08% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -27.36% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -42.28% | -48.55% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -69.63% | -49.73% | -19.90% |
Current DrawdownCurrent decline from peak | -9.83% | -5.87% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -29.08% | -20.12% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.30% | 6.20% | +2.10% |
Volatility
BBVA vs. EWY - Volatility Comparison
The current volatility for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is 8.93%, while iShares MSCI South Korea ETF (EWY) has a volatility of 20.44%. This indicates that BBVA experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVA | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 20.44% | -11.51% |
Volatility (6M)Calculated over the trailing 6-month period | 26.46% | 37.73% | -11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.34% | 42.37% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.51% | 28.89% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 27.40% | +8.88% |
Dividends
BBVA vs. EWY - Dividend Comparison
BBVA's dividend yield for the trailing twelve months is around 4.74%, more than EWY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 4.74% | 3.51% | 7.71% | 5.51% | 6.29% | 2.79% | 3.50% | 5.23% | 5.75% | 5.17% | 6.02% | 4.29% |
EWY iShares MSCI South Korea ETF | 1.00% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
Frequently Asked Questions
BBVA and EWY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (20.44%) compared to BBVA (8.93%). In terms of maximum drawdown, BBVA dropped -78.31% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (5.38 vs 1.82), 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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