BBVA vs. VOO

Last updated Jul 30, 2026

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BBVA returned 22.47%/yr vs 14.78%/yr for VOO. Their 0.54 correlation means they have sometimes moved together and sometimes differently.

Performance

BBVA vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBVA achieves a 13.52% return, which is significantly higher than VOO's 7.59% return. Over the past 10 years, BBVA has outperformed VOO with an annualized return of 22.47%, while VOO has yielded a comparatively lower 14.78% annualized return.

BBVA

• 1D: -3.24%
• 1M: 3.84%
• 6M: 5.26%
• YTD: 13.52%
• 1Y: 72.34%
• 3Y*: 56.07%
• 5Y*: 40.61%
• 10Y*: 22.47%
• ALL TIME*: 9.97%

VOO

• 1D: -1.52%
• 1M: -1.52%
• 6M: 5.49%
• YTD: 7.59%
• 1Y: 16.21%
• 3Y*: 18.43%
• 5Y*: 12.29%
• 10Y*: 14.78%
• ALL TIME*: 14.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	$27.38M	$29.24M	$34.47M
VOO Vanguard S&P 500 ETF	$3.59B	$3.94B	$5.43B

BBVA vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	13.52%	153.74%	14.20%	62.48%	10.09%	22.05%	-6.31%	11.07%	-35.01%	32.83%
VOO Vanguard S&P 500 ETF	7.59%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between BBVA and VOO is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.54

The correlation between BBVA and VOO shifts across timeframes, from 0.42 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBVA vs. VOO — Risk / Return Rank

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

BBVA

BBVA Risk / Return Rank: 90
BBVA Sharpe Ratio Rank: 94
BBVA Sortino Ratio Rank: 90
BBVA Omega Ratio Rank: 90
BBVA Calmar Ratio Rank: 89
BBVA Martin Ratio Rank: 89

VOO

VOO Risk / Return Rank: 54
VOO Sharpe Ratio Rank: 52
VOO Sortino Ratio Rank: 50
VOO Omega Ratio Rank: 51
VOO Calmar Ratio Rank: 51
VOO Martin Ratio Rank: 65

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.28	+0.89
Sortino ratio: Return per unit of downside risk	2.72	1.80	+0.92
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.28	1.83	+1.46
Martin ratio: Return relative to average drawdown	8.64	7.81	+0.82

BBVA vs. VOO - Sharpe Ratio Comparison

The current BBVA Sharpe Ratio is 2.17, which is higher than the VOO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of BBVA and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBVA vs. VOO - Drawdown Comparison

The maximum BBVA drawdown since its inception was -78.31%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BBVA and VOO.

Drawdown Indicators

	BBVA	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-78.31%	-33.99%	-44.32%
Max Drawdown (1Y) Largest decline over 1 year	-22.14%	-8.90%	-13.24%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-18.69%	-3.45%
Max Drawdown (5Y) Largest decline over 5 years	-42.28%	-24.52%	-17.76%
Max Drawdown (10Y) Largest decline over 10 years	-69.63%	-33.99%	-35.64%
Current Drawdown Current decline from peak	-3.50%	-3.68%	+0.18%
Average Drawdown Average peak-to-trough decline	-28.99%	-3.67%	-25.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.40%	2.08%	+6.32%

Volatility

BBVA vs. VOO - Volatility Comparison

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a higher volatility of 8.90% compared to Vanguard S&P 500 ETF (VOO) at 3.14%. This indicates that BBVA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBVA	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	3.14%	+5.76%
Volatility (6M) Calculated over the trailing 6-month period	27.43%	9.95%	+17.48%
Volatility (1Y) Calculated over the trailing 1-year period	33.61%	12.71%	+20.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.44%	16.92%	+16.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	18.01%	+17.68%

Dividends

BBVA vs. VOO - Dividend Comparison

BBVA's dividend yield for the trailing twelve months is around 4.22%, more than VOO's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	4.22%	3.51%	7.71%	5.51%	6.29%	2.79%	3.50%	5.23%	5.75%	5.17%	6.02%	4.29%
VOO Vanguard S&P 500 ETF	1.10%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both BBVA and VOO in my portfolio?

BBVA and VOO have a correlation of 0.53, 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 VOO?

BBVA has higher volatility (8.90%) compared to VOO (3.14%). In terms of maximum drawdown, BBVA dropped -78.31% vs VOO's -33.99%.

Which has better risk-adjusted returns?

BBVA currently has the higher Sharpe Ratio (2.17 vs 1.28), 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.