BGN.MI vs. BBVA

Last updated Jun 5, 2026

BGN.MI (Banca Generali S.p.A.) and BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) are both stocks. Both are in the Financial Services sector — BGN.MI in Banks - Regional, BBVA in Banks - Diversified. Over the past 10 years, BGN.MI returned 15.25%/yr vs 19.50%/yr for BBVA. At a 0.41 correlation, their price movements are largely independent.

Performance

BGN.MI vs. BBVA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Banca Generali S.p.A. (BGN.MI) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BGN.MI is traded in EUR, while BBVA is traded in USD. To make them comparable, the BBVA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, BGN.MI achieves a 2.43% return, which is significantly higher than BBVA's 0.23% return. Over the past 10 years, BGN.MI has underperformed BBVA with an annualized return of 15.25%, while BBVA has yielded a comparatively higher 19.50% annualized return.

BGN.MI

• 1D: 1.18%
• 1M: -0.15%
• YTD: 2.43%
• 6M: 7.21%
• 1Y: 11.71%
• 3Y*: 29.96%
• 5Y*: 18.29%
• 10Y*: 15.25%

BBVA

• 1D: -1.89%
• 1M: 2.25%
• YTD: 0.23%
• 6M: 6.21%
• 1Y: 53.85%
• 3Y*: 51.89%
• 5Y*: 38.24%
• 10Y*: 19.50%

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

BGN.MI vs. BBVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGN.MI Banca Generali S.p.A.	2.43%	34.18%	41.37%	11.06%	-12.77%	52.19%	0.97%	68.31%	-31.17%	27.21%
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	0.23%	123.63%	21.74%	57.61%	16.92%	31.18%	-14.03%	13.57%	-31.96%	16.51%

Correlation

The correlation between BGN.MI and BBVA is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.41

Return for Risk

BGN.MI vs. BBVA — Risk / Return Rank

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

BGN.MI

BGN.MI Risk / Return Rank: 57
BGN.MI Sharpe Ratio Rank: 60
BGN.MI Sortino Ratio Rank: 53
BGN.MI Omega Ratio Rank: 52
BGN.MI Calmar Ratio Rank: 60
BGN.MI Martin Ratio Rank: 59

BBVA

BBVA Risk / Return Rank: 80
BBVA Sharpe Ratio Rank: 84
BBVA Sortino Ratio Rank: 78
BBVA Omega Ratio Rank: 77
BBVA Calmar Ratio Rank: 79
BBVA Martin Ratio Rank: 80

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.

BGN.MI vs. BBVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banca Generali S.p.A. (BGN.MI) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). 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.

	BGN.MI	BBVA	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.71	-1.13
Sortino ratio: Return per unit of downside risk	0.95	2.29	-1.34
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.91	2.80	-1.88
Martin ratio: Return relative to average drawdown	1.90	7.22	-5.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGN.MI vs. BBVA - Sharpe Ratio Comparison

The current BGN.MI Sharpe Ratio is 0.58, which is lower than the BBVA Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of BGN.MI and BBVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGN.MI	BBVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.71	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.23	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.56	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.19	+0.28

Drawdowns

BGN.MI vs. BBVA - Drawdown Comparison

The maximum BGN.MI drawdown since its inception was -82.73%, which is greater than BBVA's maximum drawdown of -72.80%. Use the drawdown chart below to compare losses from any high point for BGN.MI and BBVA.

Drawdown Indicators

	BGN.MI	BBVA	Difference
Max Drawdown Largest peak-to-trough decline	-82.73%	-72.80%	-9.93%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-19.36%	+4.78%
Max Drawdown (3Y) Largest decline over 3 years	-17.56%	-20.23%	+2.67%
Max Drawdown (5Y) Largest decline over 5 years	-37.31%	-33.15%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-48.91%	-67.77%	+18.86%
Current Drawdown Current decline from peak	-1.03%	-9.57%	+8.54%
Average Drawdown Average peak-to-trough decline	-18.14%	-29.82%	+11.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.03%	7.48%	-0.45%

Volatility

BGN.MI vs. BBVA - Volatility Comparison

The current volatility for Banca Generali S.p.A. (BGN.MI) is 6.81%, while Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a volatility of 7.91%. This indicates that BGN.MI experiences smaller price fluctuations and is considered to be less risky than BBVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGN.MI	BBVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	7.91%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	18.65%	24.79%	-6.14%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	31.71%	-8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	31.22%	-5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.00%	34.87%	-5.87%

Dividends

BGN.MI vs. BBVA - Dividend Comparison

BGN.MI's dividend yield for the trailing twelve months is around 5.12%, more than BBVA's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	4.87%	3.51%	7.71%	5.51%	6.29%	2.79%	3.50%	5.23%	5.75%	5.17%	6.02%	4.29%
BGN.MI Banca Generali S.p.A.	5.12%	4.81%	4.90%	5.35%	5.46%	6.97%	5.69%	4.32%	6.89%	3.86%	5.30%	3.36%

Financials

Frequently Asked Questions

Can I hold both BGN.MI and BBVA in my portfolio?

BGN.MI and BBVA have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.