BBVA vs. SHG
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) and SHG (Shinhan Financial Group Co., Ltd.) are both stocks. Both are in the Financial Services sector — BBVA in Banks - Diversified, SHG in Banks - Regional. Over the past 10 years, BBVA returned 21.87%/yr vs 10.16%/yr for SHG. At a 0.41 correlation, their price movements are largely independent.
Performance
BBVA vs. SHG - Performance Comparison
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Returns By Period
In the year-to-date period, BBVA achieves a 3.26% return, which is significantly lower than SHG's 25.49% return. Over the past 10 years, BBVA has outperformed SHG with an annualized return of 21.87%, while SHG has yielded a comparatively lower 10.16% annualized return.
BBVA
- 1D
- 0.82%
- 1M
- 7.06%
- YTD
- 3.26%
- 6M
- 6.36%
- 1Y
- 60.13%
- 3Y*
- 57.91%
- 5Y*
- 37.97%
- 10Y*
- 21.87%
SHG
- 1D
- 2.62%
- 1M
- 4.73%
- YTD
- 25.49%
- 6M
- 26.79%
- 1Y
- 55.63%
- 3Y*
- 39.87%
- 5Y*
- 16.63%
- 10Y*
- 10.16%
BBVA vs. SHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 3.26% | 153.74% | 14.20% | 62.48% | 10.09% | 22.05% | -6.31% | 11.07% | -35.01% | 32.83% |
SHG Shinhan Financial Group Co., Ltd. | 25.49% | 68.28% | 12.80% | 15.25% | -4.61% | 5.27% | -21.83% | 7.27% | -23.51% | 23.27% |
Correlation
The correlation between BBVA and SHG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2003 | 0.41 |
Fundamentals
BBVA:
$132.08B
SHG:
$32.47B
BBVA:
€1.84
SHG:
₩10.58K
BBVA:
10.94
SHG:
9.67
BBVA:
0.40
SHG:
1.13
BBVA:
2.51
SHG:
1.42
BBVA:
2.03
SHG:
0.84
BBVA:
€47.06B
SHG:
₩34.80T
BBVA:
€32.43B
SHG:
₩16.62T
BBVA:
€18.16B
SHG:
₩8.32T
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Return for Risk
BBVA vs. SHG — Risk / Return Rank
BBVA
SHG
BBVA vs. SHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Shinhan Financial Group Co., Ltd. (SHG). 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 | SHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.10 | -0.37 |
| Martin ratioReturn relative to average drawdown | 7.12 | 8.52 | -1.40 |
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Drawdowns
BBVA vs. SHG - Drawdown Comparison
The maximum BBVA drawdown since its inception was -78.31%, roughly equal to the maximum SHG drawdown of -82.02%. Use the drawdown chart below to compare losses from any high point for BBVA and SHG.
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Drawdown Indicators
| BBVA | SHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.31% | -82.02% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.14% | -18.03% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -35.19% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -42.28% | -35.39% | -6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -69.63% | -65.50% | -4.13% |
Current DrawdownCurrent decline from peak | -7.82% | -6.16% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -29.08% | -33.81% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 6.55% | +1.92% |
Volatility
BBVA vs. SHG - Volatility Comparison
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Shinhan Financial Group Co., Ltd. (SHG) have volatilities of 9.96% and 10.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVA | SHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 10.18% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 27.04% | 23.12% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.90% | 30.55% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 29.99% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.27% | 30.34% | +5.93% |
Dividends
BBVA vs. SHG - Dividend Comparison
BBVA's dividend yield for the trailing twelve months is around 4.64%, more than SHG's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 4.64% | 3.51% | 7.71% | 5.51% | 6.29% | 2.79% | 3.50% | 5.23% | 5.75% | 5.17% | 6.02% | 4.29% |
SHG Shinhan Financial Group Co., Ltd. | 0.61% | 2.24% | 5.96% | 3.87% | 5.54% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 3.35% | 3.10% |
Financials
BBVA vs. SHG - Financials Comparison
This section allows you to compare key financial metrics between Banco Bilbao Vizcaya Argentaria, S.A. and Shinhan Financial Group Co., Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BBVA vs. SHG - Profitability Comparison
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%.
SHG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported a gross profit of 4.19T and revenue of 8.73T. Therefore, the gross margin over that period was 48.0%.
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%.
SHG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported an operating income of 2.29T and revenue of 8.73T, resulting in an operating margin of 26.2%.
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%.
SHG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported a net income of 1.62T and revenue of 8.73T, resulting in a net margin of 18.6%.
Frequently Asked Questions
BBVA and SHG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHG has higher volatility (10.18%) compared to BBVA (9.96%). In terms of maximum drawdown, BBVA dropped -78.31% vs SHG's -82.02%.
SHG currently has the higher Sharpe Ratio (1.83 vs 1.78), 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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