BBVA vs. IEMG
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, BBVA returned 19.97%/yr vs 10.22%/yr for IEMG. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
BBVA vs. IEMG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBVA achieves a 1.00% return, which is significantly lower than IEMG's 24.98% return. Over the past 10 years, BBVA has outperformed IEMG with an annualized return of 19.97%, while IEMG has yielded a comparatively lower 10.22% 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%
IEMG
- 1D
- -0.98%
- 1M
- 4.82%
- YTD
- 24.98%
- 6M
- 27.43%
- 1Y
- 49.24%
- 3Y*
- 23.19%
- 5Y*
- 7.36%
- 10Y*
- 10.22%
BBVA vs. IEMG - 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% |
IEMG iShares Core MSCI Emerging Markets ETF | 24.98% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between BBVA and IEMG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.51 |
The correlation between BBVA and IEMG has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBVA vs. IEMG — Risk / Return Rank
BBVA
IEMG
BBVA vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and iShares Core MSCI Emerging Markets ETF (IEMG). 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 | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.74 | -1.00 |
| Martin ratioReturn relative to average drawdown | 7.31 | 14.39 | -7.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBVA | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.55 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.40 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.51 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.35 | -0.08 |
Drawdowns
BBVA vs. IEMG - Drawdown Comparison
The maximum BBVA drawdown since its inception was -78.31%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for BBVA and IEMG.
Loading charts...
Drawdown Indicators
| BBVA | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.31% | -38.71% | -39.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.14% | -13.21% | -8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -17.21% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -42.28% | -35.83% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -69.63% | -38.71% | -30.92% |
Current DrawdownCurrent decline from peak | -9.83% | -2.30% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -29.08% | -12.97% | -16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.30% | 3.43% | +4.87% |
Volatility
BBVA vs. IEMG - Volatility Comparison
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a higher volatility of 8.93% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 8.24%. This indicates that BBVA's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBVA | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 8.24% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 26.46% | 16.97% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.34% | 19.47% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.51% | 18.38% | +15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 20.03% | +16.25% |
Dividends
BBVA vs. IEMG - Dividend Comparison
BBVA's dividend yield for the trailing twelve months is around 4.74%, more than IEMG's 2.20% 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% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.20% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
BBVA and IEMG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBVA has higher volatility (8.93%) compared to IEMG (8.24%). In terms of maximum drawdown, BBVA dropped -78.31% vs IEMG's -38.71%.
IEMG currently has the higher Sharpe Ratio (2.55 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.
Find the right allocation for BBVA and IEMG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer