BSBR vs. BBD

Last updated Apr 1, 2026

Compare and contrast key facts about Banco Santander (Brasil) S.A. (BSBR) and Banco Bradesco S.A. (BBD).

Performance

BSBR vs. BBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Santander (Brasil) S.A. (BSBR) and Banco Bradesco S.A. (BBD). The values are adjusted to include any dividend payments, if applicable.

BSBR vs. BBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSBR Banco Santander (Brasil) S.A.	-0.97%	67.32%	-36.75%	29.04%	7.57%	-30.10%	-23.66%	13.87%	23.24%	11.80%
BBD Banco Bradesco S.A.	9.91%	95.27%	-41.93%	35.20%	-5.19%	-31.96%	-39.58%	15.02%	10.05%	36.27%

Fundamentals

EPS BSBR : $2.55 BBD : $3.36
PE Ratio BSBR : 2.33 BBD : 1.09
PEG Ratio BSBR : 0.18 BBD : 0.19
PS Ratio BSBR : 0.19 BBD : 0.10
Total Revenue (TTM) BSBR : $157.86B BBD : $250.12B
Gross Profit (TTM) BSBR : $43.47B BBD : $89.08B
EBITDA (TTM) BSBR : $18.48B BBD : $20.53B

Returns By Period

In the year-to-date period, BSBR achieves a -0.97% return, which is significantly lower than BBD's 9.91% return. Over the past 10 years, BSBR has outperformed BBD with an annualized return of 8.55%, while BBD has yielded a comparatively lower 3.89% annualized return.

BSBR

• 1D: 5.14%
• 1M: -8.91%
• YTD: -0.97%
• 6M: 10.26%
• 1Y: 35.43%
• 3Y*: 10.57%
• 5Y*: 5.20%
• 10Y*: 8.55%

BBD

• 1D: 4.29%
• 1M: -10.67%
• YTD: 9.91%
• 6M: 12.78%
• 1Y: 78.44%
• 3Y*: 21.05%
• 5Y*: 4.87%
• 10Y*: 3.89%

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

Return for Risk

BSBR vs. BBD — Risk / Return Rank

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

BSBR

BSBR Risk / Return Rank: 72
BSBR Sharpe Ratio Rank: 76
BSBR Sortino Ratio Rank: 70
BSBR Omega Ratio Rank: 66
BSBR Calmar Ratio Rank: 71
BSBR Martin Ratio Rank: 75

BBD

BBD Risk / Return Rank: 91
BBD Sharpe Ratio Rank: 91
BBD Sortino Ratio Rank: 90
BBD Omega Ratio Rank: 89
BBD Calmar Ratio Rank: 91
BBD Martin Ratio Rank: 92

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.

BSBR vs. BBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Santander (Brasil) S.A. (BSBR) and Banco Bradesco S.A. (BBD). 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.

	BSBR	BBD	Difference
Sharpe ratio Return per unit of total volatility	1.06	2.05	-1.00
Sortino ratio Return per unit of downside risk	1.56	2.83	-1.27
Omega ratio Gain probability vs. loss probability	1.19	1.37	-0.18
Calmar ratio Return relative to maximum drawdown	1.48	4.06	-2.59
Martin ratio Return relative to average drawdown	4.42	12.51	-8.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSBR vs. BBD - Sharpe Ratio Comparison

The current BSBR Sharpe Ratio is 1.06, which is lower than the BBD Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of BSBR and BBD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BSBR	BBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.05	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.13	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.09	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.24	-0.19

Correlation

The correlation between BSBR and BBD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BSBR vs. BBD - Dividend Comparison

BSBR's dividend yield for the trailing twelve months is around 6.62%, less than BBD's 7.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSBR Banco Santander (Brasil) S.A.	6.62%	5.38%	7.86%	5.09%	8.09%	9.57%	7.56%	4.41%	6.07%	2.52%	2.27%	6.91%
BBD Banco Bradesco S.A.	7.15%	9.26%	8.06%	9.57%	2.87%	5.79%	2.70%	5.52%	3.10%	5.05%	3.65%	6.57%

Drawdowns

BSBR vs. BBD - Drawdown Comparison

The maximum BSBR drawdown since its inception was -69.38%, roughly equal to the maximum BBD drawdown of -72.89%. Use the drawdown chart below to compare losses from any high point for BSBR and BBD.

Drawdown Indicators

	BSBR	BBD	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-72.89%	+3.51%
Max Drawdown (1Y) Largest decline over 1 year	-23.06%	-18.54%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-45.26%	-53.76%	+8.50%
Max Drawdown (10Y) Largest decline over 10 years	-69.38%	-72.89%	+3.51%
Current Drawdown Current decline from peak	-30.05%	-40.57%	+10.52%
Average Drawdown Average peak-to-trough decline	-36.24%	-30.99%	-5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.69%	6.02%	+1.67%

Volatility

BSBR vs. BBD - Volatility Comparison

The current volatility for Banco Santander (Brasil) S.A. (BSBR) is 13.34%, while Banco Bradesco S.A. (BBD) has a volatility of 14.88%. This indicates that BSBR experiences smaller price fluctuations and is considered to be less risky than BBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSBR	BBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.34%	14.88%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	26.37%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	33.72%	38.44%	-4.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.61%	38.83%	-4.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.29%	43.03%	-1.74%

Financials

BSBR vs. BBD - Profitability Comparison

The chart below illustrates the profitability comparison between Banco Santander (Brasil) S.A. and Banco Bradesco S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BSBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Santander (Brasil) S.A. reported a gross profit of 12.23B and revenue of 42.47B. Therefore, the gross margin over that period was 28.8%.

BBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported a gross profit of 22.67B and revenue of 22.67B. Therefore, the gross margin over that period was 100.0%.

BSBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Santander (Brasil) S.A. reported an operating income of 5.04B and revenue of 42.47B, resulting in an operating margin of 11.9%.

BBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported an operating income of 12.27B and revenue of 22.67B, resulting in an operating margin of 54.1%.

BSBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Santander (Brasil) S.A. reported a net income of 3.90B and revenue of 42.47B, resulting in a net margin of 9.2%.

BBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported a net income of 6.50B and revenue of 22.67B, resulting in a net margin of 28.7%.