BMA vs. YPF
BMA (Banco Macro S.A.) and YPF (YPF Sociedad Anónima) are both stocks. BMA operates in Banks - Regional (Financial Services), while YPF operates in Oil & Gas Integrated (Energy). Over the past 10 years, BMA returned 6.52%/yr vs 10.10%/yr for YPF. At a 0.50 correlation, their price movements are largely independent.
Performance
BMA vs. YPF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMA achieves a -3.84% return, which is significantly lower than YPF's 48.06% return. Over the past 10 years, BMA has underperformed YPF with an annualized return of 6.52%, while YPF has yielded a comparatively higher 10.10% annualized return.
BMA
- 1D
- -1.21%
- 1M
- 15.77%
- YTD
- -3.84%
- 6M
- 1.16%
- 1Y
- 17.30%
- 3Y*
- 71.64%
- 5Y*
- 45.54%
- 10Y*
- 6.52%
YPF
- 1D
- 0.07%
- 1M
- 26.36%
- YTD
- 48.06%
- 6M
- 48.97%
- 1Y
- 56.23%
- 3Y*
- 62.19%
- 5Y*
- 57.35%
- 10Y*
- 10.10%
BMA vs. YPF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMA Banco Macro S.A. | -3.84% | -3.55% | 277.79% | 91.62% | 27.04% | -9.96% | -57.05% | -14.00% | -60.72% | 81.54% |
YPF YPF Sociedad Anónima | 48.06% | -14.94% | 147.29% | 87.05% | 140.58% | -18.72% | -59.41% | -12.86% | -41.18% | 39.31% |
Correlation
The correlation between BMA and YPF is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2006 | 0.50 |
The correlation between BMA and YPF shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BMA:
$5.37B
YPF:
$20.99B
BMA:
$5.81K
YPF:
-$3.19K
BMA:
0.00
YPF:
0.00
BMA:
0.00
YPF:
1.85
BMA:
$4.76T
YPF:
$13.23T
BMA:
$2.84T
YPF:
$3.80T
BMA:
$751.84B
YPF:
$4.05T
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMA vs. YPF — Risk / Return Rank
BMA
YPF
BMA vs. YPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Macro S.A. (BMA) and YPF Sociedad Anónima (YPF). 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.
| BMA | YPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.62 | -1.26 |
| Martin ratioReturn relative to average drawdown | 0.78 | 4.37 | -3.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BMA | YPF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.06 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.05 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.19 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.17 | +0.02 |
Drawdowns
BMA vs. YPF - Drawdown Comparison
The maximum BMA drawdown since its inception was -91.66%, roughly equal to the maximum YPF drawdown of -94.58%. Use the drawdown chart below to compare losses from any high point for BMA and YPF.
Loading charts...
Drawdown Indicators
| BMA | YPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.66% | -94.58% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -48.89% | -35.05% | -13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -65.40% | -48.79% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -65.40% | -49.13% | -16.27% |
Max Drawdown (10Y)Largest decline over 10 years | -91.66% | -90.08% | -1.58% |
Current DrawdownCurrent decline from peak | -22.54% | -3.20% | -19.34% |
Average DrawdownAverage peak-to-trough decline | -44.84% | -39.12% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.09% | 12.94% | +9.15% |
Volatility
BMA vs. YPF - Volatility Comparison
Banco Macro S.A. (BMA) has a higher volatility of 16.39% compared to YPF Sociedad Anónima (YPF) at 13.21%. This indicates that BMA's price experiences larger fluctuations and is considered to be riskier than YPF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BMA | YPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.39% | 13.21% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 27.31% | +10.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 53.51% | +20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.42% | 54.83% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.27% | 54.72% | +7.55% |
Dividends
BMA vs. YPF - Dividend Comparison
BMA's dividend yield for the trailing twelve months is around 5.70%, while YPF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMA Banco Macro S.A. | 5.70% | 2.38% | 6.10% | 7.75% | 7.28% | 0.00% | 0.00% | 6.20% | 5.05% | 0.65% | 1.53% | 0.00% |
YPF YPF Sociedad Anónima | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.19% | 0.60% | 0.32% | 0.66% | 0.80% |
Financials
BMA vs. YPF - Financials Comparison
This section allows you to compare key financial metrics between Banco Macro S.A. and YPF Sociedad Anónima. 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
BMA vs. YPF - Profitability Comparison
BMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a gross profit of 1.17T and revenue of 1.91T. Therefore, the gross margin over that period was 61.1%.
YPF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a gross profit of 1.76B and revenue of 4.94B. Therefore, the gross margin over that period was 35.5%.
BMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported an operating income of 212.69B and revenue of 1.91T, resulting in an operating margin of 11.2%.
YPF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported an operating income of 873.00M and revenue of 4.94B, resulting in an operating margin of 17.7%.
BMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a net income of 140.24B and revenue of 1.91T, resulting in a net margin of 7.4%.
YPF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, YPF Sociedad Anónima reported a net income of 404.00M and revenue of 4.94B, resulting in a net margin of 8.2%.
Frequently Asked Questions
BMA and YPF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMA has higher volatility (16.39%) compared to YPF (13.21%). In terms of maximum drawdown, BMA dropped -91.66% vs YPF's -94.58%.
YPF currently has the higher Sharpe Ratio (1.06 vs 0.24), 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.
Find the right allocation for BMA and YPF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer