BLX vs. AGM

Last updated Jun 4, 2026

BLX (Banco Latinoamericano de Comercio Exterior, S.A) and AGM (Federal Agricultural Mortgage Corporation) are both stocks. Both are in the Financial Services sector — BLX in Banks - Regional, AGM in Credit Services. Over the past 10 years, BLX returned 14.35%/yr vs 21.01%/yr for AGM. At a 0.31 correlation, their price movements are largely independent.

Performance

BLX vs. AGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Latinoamericano de Comercio Exterior, S.A (BLX) and Federal Agricultural Mortgage Corporation (AGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLX achieves a 26.82% return, which is significantly higher than AGM's 0.57% return. Over the past 10 years, BLX has underperformed AGM with an annualized return of 14.35%, while AGM has yielded a comparatively higher 21.01% annualized return.

BLX

• 1D: 0.15%
• 1M: 4.67%
• YTD: 26.82%
• 6M: 24.61%
• 1Y: 40.35%
• 3Y*: 47.63%
• 5Y*: 37.41%
• 10Y*: 14.35%

AGM

• 1D: -3.51%
• 1M: 2.45%
• YTD: 0.57%
• 6M: 0.63%
• 1Y: -3.78%
• 3Y*: 10.81%
• 5Y*: 15.40%
• 10Y*: 21.01%

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

BLX vs. AGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLX Banco Latinoamericano de Comercio Exterior, S.A	26.82%	33.06%	53.73%	60.61%	4.31%	11.50%	-19.47%	33.06%	-31.32%	-3.40%
AGM Federal Agricultural Mortgage Corporation	0.57%	-7.96%	6.08%	74.61%	-5.83%	72.62%	-6.60%	43.16%	-20.38%	39.64%

Correlation

The correlation between BLX and AGM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 21, 1995	0.31

The correlation between BLX and AGM shifts across timeframes, from 0.31 (all time) to 0.46 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS BLX : $5.99 AGM : $24.06
PE Ratio BLX : 9.19 AGM : 7.26
PEG Ratio BLX : 0.22 AGM : 0.54
PS Ratio BLX : 3.56 AGM : 1.13
Total Revenue (TTM) BLX : $597.66M AGM : $1.35B
Gross Profit (TTM) BLX : $323.12M AGM : $295.93M
EBITDA (TTM) BLX : $233.67M AGM : $192.59M

Return for Risk

BLX vs. AGM — Risk / Return Rank

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

BLX

BLX Risk / Return Rank: 82
BLX Sharpe Ratio Rank: 85
BLX Sortino Ratio Rank: 81
BLX Omega Ratio Rank: 80
BLX Calmar Ratio Rank: 83
BLX Martin Ratio Rank: 83

AGM

AGM Risk / Return Rank: 34
AGM Sharpe Ratio Rank: 36
AGM Sortino Ratio Rank: 31
AGM Omega Ratio Rank: 31
AGM Calmar Ratio Rank: 36
AGM Martin Ratio Rank: 37

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.

BLX vs. AGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) and Federal Agricultural Mortgage Corporation (AGM). 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.

	BLX	AGM	Difference
Sharpe ratio Return per unit of total volatility	1.76	-0.12	+1.87
Sortino ratio Return per unit of downside risk	2.42	0.05	+2.37
Omega ratio Gain probability vs. loss probability	1.31	1.01	+0.30
Calmar ratio Return relative to maximum drawdown	3.26	-0.12	+3.38
Martin ratio Return relative to average drawdown	8.32	-0.23	+8.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLX vs. AGM - Sharpe Ratio Comparison

The current BLX Sharpe Ratio is 1.76, which is higher than the AGM Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of BLX and AGM, 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

	BLX	AGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	-0.12	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.46	0.52	+0.95
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.61	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.32	-0.11

Drawdowns

BLX vs. AGM - Drawdown Comparison

The maximum BLX drawdown since its inception was -95.88%, roughly equal to the maximum AGM drawdown of -94.63%. Use the drawdown chart below to compare losses from any high point for BLX and AGM.

Drawdown Indicators

	BLX	AGM	Difference
Max Drawdown Largest peak-to-trough decline	-95.88%	-94.63%	-1.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-31.94%	+19.52%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-32.54%	+11.53%
Max Drawdown (5Y) Largest decline over 5 years	-30.88%	-32.54%	+1.66%
Max Drawdown (10Y) Largest decline over 10 years	-68.51%	-53.30%	-15.21%
Current Drawdown Current decline from peak	-3.30%	-15.22%	+11.92%
Average Drawdown Average peak-to-trough decline	-32.93%	-27.87%	-5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	16.82%	-11.96%

Volatility

BLX vs. AGM - Volatility Comparison

The current volatility for Banco Latinoamericano de Comercio Exterior, S.A (BLX) is 8.54%, while Federal Agricultural Mortgage Corporation (AGM) has a volatility of 9.34%. This indicates that BLX experiences smaller price fluctuations and is considered to be less risky than AGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLX	AGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.54%	9.34%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	24.67%	-7.50%
Volatility (1Y) Calculated over the trailing 1-year period	23.09%	31.97%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.69%	29.87%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.13%	34.50%	-2.37%

Dividends

BLX vs. AGM - Dividend Comparison

BLX's dividend yield for the trailing twelve months is around 4.77%, more than AGM's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGM Federal Agricultural Mortgage Corporation	3.49%	3.42%	2.84%	2.30%	3.37%	2.84%	4.31%	3.35%	3.84%	1.84%	1.82%	2.03%
BLX Banco Latinoamericano de Comercio Exterior, S.A	4.77%	5.61%	5.62%	4.04%	6.17%	6.02%	7.17%	7.20%	8.90%	5.72%	5.23%	4.96%

Financials

BLX vs. AGM - Profitability Comparison

The chart below illustrates the profitability comparison between Banco Latinoamericano de Comercio Exterior, S.A and Federal Agricultural Mortgage Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BLX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Latinoamericano de Comercio Exterior, S.A reported a gross profit of 78.40M and revenue of 83.10M. Therefore, the gross margin over that period was 94.3%.

AGM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a gross profit of 0.00 and revenue of 415.96M. Therefore, the gross margin over that period was 0.0%.

BLX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Latinoamericano de Comercio Exterior, S.A reported an operating income of 56.40M and revenue of 83.10M, resulting in an operating margin of 67.9%.

AGM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported an operating income of 0.00 and revenue of 415.96M, resulting in an operating margin of 0.0%.

BLX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Latinoamericano de Comercio Exterior, S.A reported a net income of 56.40M and revenue of 83.10M, resulting in a net margin of 67.9%.

AGM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a net income of 51.83M and revenue of 415.96M, resulting in a net margin of 12.5%.

Frequently Asked Questions

Can I hold both BLX and AGM in my portfolio?

BLX and AGM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLX or AGM?

AGM has higher volatility (9.34%) compared to BLX (8.54%). In terms of maximum drawdown, BLX dropped -95.88% vs AGM's -94.63%.

Which has better risk-adjusted returns?

BLX currently has the higher Sharpe Ratio (1.76 vs -0.12), 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.