BSBR vs. BIB

Last updated Jun 26, 2026

BSBR (Banco Santander (Brasil) S.A.) is a stock, while BIB (ProShares Ultra Nasdaq Biotechnology) is Leveraged Equities fund tracking the NASDAQ Biotechnology Index (200%). Over the past 10 years, BSBR returned 6.67%/yr vs 10.93%/yr for BIB. At a 0.25 correlation, their price movements are largely independent.

Performance

BSBR vs. BIB - Performance Comparison

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

Returns By Period

In the year-to-date period, BSBR achieves a -12.31% return, which is significantly lower than BIB's 18.04% return. Over the past 10 years, BSBR has underperformed BIB with an annualized return of 6.67%, while BIB has yielded a comparatively higher 10.93% annualized return.

BSBR

• 1D: 0.39%
• 1M: -5.49%
• YTD: -12.31%
• 6M: -12.46%
• 1Y: 6.47%
• 3Y*: -1.06%
• 5Y*: -2.50%
• 10Y*: 6.67%

BIB

• 1D: 2.01%
• 1M: 14.10%
• YTD: 18.04%
• 6M: 12.30%
• 1Y: 105.96%
• 3Y*: 22.63%
• 5Y*: -0.10%
• 10Y*: 10.93%

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

BSBR vs. BIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSBR Banco Santander (Brasil) S.A.	-12.31%	67.32%	-36.75%	29.04%	7.57%	-30.10%	-23.66%	13.87%	23.24%	11.80%
BIB ProShares Ultra Nasdaq Biotechnology	18.04%	59.21%	-9.84%	-1.06%	-28.85%	-6.02%	39.79%	46.71%	-24.93%	40.49%

Correlation

The correlation between BSBR and BIB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.25

Return for Risk

BSBR vs. BIB — Risk / Return Rank

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

BSBR

BSBR Risk / Return Rank: 47
BSBR Sharpe Ratio Rank: 51
BSBR Sortino Ratio Rank: 44
BSBR Omega Ratio Rank: 43
BSBR Calmar Ratio Rank: 49
BSBR Martin Ratio Rank: 50

BIB

BIB Risk / Return Rank: 86
BIB Sharpe Ratio Rank: 90
BIB Sortino Ratio Rank: 82
BIB Omega Ratio Rank: 73
BIB Calmar Ratio Rank: 94
BIB 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. BIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Santander (Brasil) S.A. (BSBR) and ProShares Ultra Nasdaq Biotechnology (BIB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSBR	BIB	Difference
Sharpe ratio: Return per unit of total volatility	0.20	2.64	-2.44
Sortino ratio: Return per unit of downside risk	0.50	3.18	-2.68
Omega ratio: Gain probability vs. loss probability	1.06	1.38	-0.32
Calmar ratio: Return relative to maximum drawdown	0.24	6.30	-6.06
Martin ratio: Return relative to average drawdown	0.52	19.24	-18.71

BSBR vs. BIB - Sharpe Ratio Comparison

The current BSBR Sharpe Ratio is 0.20, which is lower than the BIB Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BSBR and BIB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSBR vs. BIB - Drawdown Comparison

The maximum BSBR drawdown since its inception was -69.38%, roughly equal to the maximum BIB drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for BSBR and BIB.

Drawdown Indicators

	BSBR	BIB	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-67.24%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-27.35%	-16.92%	-10.43%
Max Drawdown (3Y) Largest decline over 3 years	-39.50%	-45.30%	+5.80%
Max Drawdown (5Y) Largest decline over 5 years	-43.85%	-65.86%	+22.01%
Max Drawdown (10Y) Largest decline over 10 years	-69.38%	-66.20%	-3.18%
Current Drawdown Current decline from peak	-38.06%	-13.22%	-24.84%
Average Drawdown Average peak-to-trough decline	-36.17%	-32.70%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.39%	5.53%	+6.86%

Volatility

BSBR vs. BIB - Volatility Comparison

The current volatility for Banco Santander (Brasil) S.A. (BSBR) is 6.76%, while ProShares Ultra Nasdaq Biotechnology (BIB) has a volatility of 13.81%. This indicates that BSBR experiences smaller price fluctuations and is considered to be less risky than BIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSBR	BIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	13.81%	-7.05%
Volatility (6M) Calculated over the trailing 6-month period	24.98%	31.37%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	32.65%	40.39%	-7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.19%	43.61%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.03%	46.39%	-5.36%

Dividends

BSBR vs. BIB - Dividend Comparison

BSBR's dividend yield for the trailing twelve months is around 8.35%, more than BIB's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIB ProShares Ultra Nasdaq Biotechnology	0.34%	0.77%	1.69%	0.07%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSBR Banco Santander (Brasil) S.A.	8.35%	5.38%	7.86%	5.09%	8.09%	9.57%	7.56%	4.41%	6.07%	2.52%	2.27%	6.91%

Frequently Asked Questions

Can I hold both BSBR and BIB in my portfolio?

BSBR and BIB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSBR or BIB?

BIB has higher volatility (13.81%) compared to BSBR (6.76%). In terms of maximum drawdown, BSBR dropped -69.38% vs BIB's -67.24%.

Which has better risk-adjusted returns?

BIB currently has the higher Sharpe Ratio (2.64 vs 0.20), 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.