BNC.L vs. BVA.L
Compare and contrast key facts about Banco Santander (BNC.L) and Banco Bilbao Vizcaya Argentaria S.A (BVA.L).
Performance
BNC.L vs. BVA.L - Performance Comparison
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BNC.L vs. BVA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNC.L Banco Santander | -2.38% | 146.12% | 17.13% | 37.97% | 4.47% | 6.64% | -16.62% | -5.69% | -23.78% | 21.54% |
BVA.L Banco Bilbao Vizcaya Argentaria S.A | -5.92% | 137.28% | 17.20% | 51.42% | 22.05% | 25.40% | -9.11% | 6.48% | -31.45% | 22.02% |
Different Trading Currencies
BNC.L is traded in GBp, while BVA.L is traded in EUR. To make them comparable, the BVA.L values have been converted to GBp using the latest available exchange rates.
Fundamentals
BNC.L:
£1.34
BVA.L:
€1.80
BNC.L:
6.41
BVA.L:
10.43
BNC.L:
0.32
BVA.L:
0.37
BNC.L:
1.20
BVA.L:
2.46
BNC.L:
£75.25B
BVA.L:
€44.53B
BNC.L:
£35.14B
BVA.L:
€31.72B
BNC.L:
£21.45B
BVA.L:
€20.68B
Returns By Period
In the year-to-date period, BNC.L achieves a -2.38% return, which is significantly higher than BVA.L's -5.92% return. Over the past 10 years, BNC.L has underperformed BVA.L with an annualized return of 16.47%, while BVA.L has yielded a comparatively higher 19.85% annualized return.
BNC.L
- 1D
- 4.75%
- 1M
- -4.66%
- YTD
- -2.38%
- 6M
- 13.85%
- 1Y
- 68.87%
- 3Y*
- 47.56%
- 5Y*
- 33.32%
- 10Y*
- 16.47%
BVA.L
- 1D
- 0.40%
- 1M
- -3.05%
- YTD
- -5.92%
- 6M
- 14.90%
- 1Y
- 66.32%
- 3Y*
- 50.82%
- 5Y*
- 42.81%
- 10Y*
- 19.85%
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Return for Risk
BNC.L vs. BVA.L — Risk / Return Rank
BNC.L
BVA.L
BNC.L vs. BVA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander (BNC.L) and Banco Bilbao Vizcaya Argentaria S.A (BVA.L). 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.
| BNC.L | BVA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.33 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.63 | 1.90 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.04 | 2.89 | +1.15 |
Martin ratioReturn relative to average drawdown | 13.48 | 9.31 | +4.17 |
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
| BNC.L | BVA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.33 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.10 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.51 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.18 | — |
Correlation
The correlation between BNC.L and BVA.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNC.L vs. BVA.L - Dividend Comparison
BNC.L's dividend yield for the trailing twelve months is around 2.28%, less than BVA.L's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNC.L Banco Santander | 2.28% | 2.22% | 4.60% | 3.72% | 3.85% | 2.67% | 4.20% | 6.33% | 5.41% | 3.77% | 6.85% | 13.81% |
BVA.L Banco Bilbao Vizcaya Argentaria S.A | 3.89% | 3.65% | 7.23% | 5.74% | 6.16% | 2.65% | 3.95% | 5.22% | 5.39% | 4.22% | 5.80% | 2.35% |
Drawdowns
BNC.L vs. BVA.L - Drawdown Comparison
The maximum BNC.L drawdown since its inception was -329.19%, which is greater than BVA.L's maximum drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for BNC.L and BVA.L.
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Drawdown Indicators
| BNC.L | BVA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -329.19% | -76.20% | -252.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -22.77% | +5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.37% | -32.81% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -69.46% | -67.62% | -1.84% |
Current DrawdownCurrent decline from peak | -304.46% | -16.29% | -288.17% |
Average DrawdownAverage peak-to-trough decline | -147.83% | -35.74% | -112.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 7.36% | -2.32% |
Volatility
BNC.L vs. BVA.L - Volatility Comparison
The current volatility for Banco Santander (BNC.L) is 12.71%, while Banco Bilbao Vizcaya Argentaria S.A (BVA.L) has a volatility of 17.05%. This indicates that BNC.L experiences smaller price fluctuations and is considered to be less risky than BVA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNC.L | BVA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 17.05% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 40.69% | -16.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.20% | 49.87% | -17.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.12% | 38.98% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.71% | 38.46% | -1.75% |
Financials
BNC.L vs. BVA.L - Financials Comparison
This section allows you to compare key financial metrics between Banco Santander and Banco Bilbao Vizcaya Argentaria S.A. 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
BNC.L vs. BVA.L - Profitability Comparison
BNC.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Santander reported a gross profit of 0.00 and revenue of 15.16B. Therefore, the gross margin over that period was 0.0%.
BVA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Bilbao Vizcaya Argentaria S.A reported a gross profit of 8.05B and revenue of 9.80B. Therefore, the gross margin over that period was 82.2%.
BNC.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Santander reported an operating income of 3.97B and revenue of 15.16B, resulting in an operating margin of 26.2%.
BVA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Bilbao Vizcaya Argentaria S.A reported an operating income of 5.68B and revenue of 9.80B, resulting in an operating margin of 58.0%.
BNC.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Santander reported a net income of 3.76B and revenue of 15.16B, resulting in a net margin of 24.8%.
BVA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Bilbao Vizcaya Argentaria S.A reported a net income of 2.53B and revenue of 9.80B, resulting in a net margin of 25.9%.