BCH vs. BSAC
BCH (Banco de Chile) and BSAC (Banco Santander-Chile) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BCH returned 12.98%/yr vs 10.30%/yr for BSAC. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BCH vs. BSAC - Performance Comparison
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Returns By Period
In the year-to-date period, BCH achieves a 3.56% return, which is significantly higher than BSAC's 3.32% return. Over the past 10 years, BCH has outperformed BSAC with an annualized return of 12.98%, while BSAC has yielded a comparatively lower 10.30% annualized return.
BCH
- 1D
- 0.82%
- 1M
- 1.59%
- YTD
- 3.56%
- 6M
- 2.16%
- 1Y
- 30.52%
- 3Y*
- 28.40%
- 5Y*
- 22.07%
- 10Y*
- 12.98%
BSAC
- 1D
- 1.22%
- 1M
- 0.86%
- YTD
- 3.32%
- 6M
- 3.75%
- 1Y
- 30.34%
- 3Y*
- 24.80%
- 5Y*
- 13.74%
- 10Y*
- 10.30%
BCH vs. BSAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 3.56% | 81.24% | 6.15% | 23.37% | 41.22% | -20.93% | 2.32% | -24.00% | -6.21% | 45.00% |
BSAC Banco Santander-Chile | 3.32% | 74.42% | 1.00% | 31.92% | 2.99% | -11.02% | -13.01% | -19.87% | -0.13% | 48.06% |
Correlation
The correlation between BCH and BSAC is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2002 | 0.58 |
Over the past year, BCH and BSAC have become more correlated (0.85) than their long-term average of 0.58, meaning their price movements have been converging.
Fundamentals
BCH:
$2.26K
BSAC:
$2.88K
BCH:
0.02
BSAC:
0.01
BCH:
0.00
BSAC:
0.00
BCH:
0.01
BSAC:
0.00
BCH:
$3.07T
BSAC:
$4.82T
BCH:
$2.62T
BSAC:
$2.99T
BCH:
$1.55T
BSAC:
$1.38T
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Return for Risk
BCH vs. BSAC — Risk / Return Rank
BCH
BSAC
BCH vs. BSAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco de Chile (BCH) and Banco Santander-Chile (BSAC). 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.
| BCH | BSAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.65 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.44 | 4.09 | -0.65 |
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
| BCH | BSAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.08 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.47 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.33 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.29 | +0.20 |
Drawdowns
BCH vs. BSAC - Drawdown Comparison
The maximum BCH drawdown since its inception was -57.68%, smaller than the maximum BSAC drawdown of -63.90%. Use the drawdown chart below to compare losses from any high point for BCH and BSAC.
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Drawdown Indicators
| BCH | BSAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -63.90% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -19.99% | -18.42% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -20.67% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -37.02% | +10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -63.90% | +6.22% |
Current DrawdownCurrent decline from peak | -15.12% | -14.20% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -19.33% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.90% | 7.44% | +1.46% |
Volatility
BCH vs. BSAC - Volatility Comparison
Banco de Chile (BCH) and Banco Santander-Chile (BSAC) have volatilities of 9.41% and 9.65%, 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
| BCH | BSAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 9.65% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 24.92% | 24.22% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.69% | 28.26% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.31% | 29.41% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.12% | 30.85% | -1.73% |
Dividends
BCH vs. BSAC - Dividend Comparison
BCH's dividend yield for the trailing twelve months is around 5.90%, more than BSAC's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 5.90% | 5.54% | 7.46% | 9.01% | 6.39% | 3.76% | 3.95% | 5.04% | 3.55% | 2.20% | 3.32% | 4.35% |
BSAC Banco Santander-Chile | 4.96% | 4.34% | 4.10% | 6.54% | 7.70% | 5.70% | 4.64% | 4.91% | 4.97% | 2.73% | 3.94% | 5.12% |
Financials
BCH vs. BSAC - Financials Comparison
This section allows you to compare key financial metrics between Banco de Chile and Banco Santander-Chile. 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
BCH vs. BSAC - Profitability Comparison
BCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a gross profit of 661.74B and revenue of 1.05T. Therefore, the gross margin over that period was 62.8%.
BSAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Santander-Chile reported a gross profit of 733.43B and revenue of 733.43B. Therefore, the gross margin over that period was 100.0%.
BCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported an operating income of 359.62B and revenue of 1.05T, resulting in an operating margin of 34.2%.
BSAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Santander-Chile reported an operating income of 336.39B and revenue of 733.43B, resulting in an operating margin of 45.9%.
BCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a net income of 278.58B and revenue of 1.05T, resulting in a net margin of 26.5%.
BSAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Santander-Chile reported a net income of 273.19B and revenue of 733.43B, resulting in a net margin of 37.3%.
Frequently Asked Questions
BCH and BSAC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSAC has higher volatility (9.65%) compared to BCH (9.41%). In terms of maximum drawdown, BCH dropped -57.68% vs BSAC's -63.90%.
BSAC currently has the higher Sharpe Ratio (1.08 vs 1.03), 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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