CAIXY vs. UNCRY

Last updated Jun 5, 2026

CAIXY (Caixabank SA ADR) and UNCRY (UniCredit SpA ADR) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, CAIXY returned 41.40%/yr vs 54.22%/yr for UNCRY. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

CAIXY vs. UNCRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caixabank SA ADR (CAIXY) and UniCredit SpA ADR (UNCRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAIXY achieves a 12.76% return, which is significantly higher than UNCRY's 6.26% return.

CAIXY

• 1D: 0.45%
• 1M: 6.51%
• YTD: 12.76%
• 6M: 18.24%
• 1Y: 66.66%
• 3Y*: 64.96%
• 5Y*: 41.40%
• 10Y*: 24.13%

UNCRY

• 1D: 1.41%
• 1M: 8.36%
• YTD: 6.26%
• 6M: 15.14%
• 1Y: 39.32%
• 3Y*: 71.80%
• 5Y*: 54.22%
• 10Y*: —

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

CAIXY vs. UNCRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAIXY Caixabank SA ADR	12.76%	149.59%	46.64%	16.68%	45.44%	10.31%	-14.12%	-10.97%	-23.98%	2.65%
UNCRY UniCredit SpA ADR	6.26%	118.78%	57.92%	103.38%	-2.49%	71.06%	-37.52%	30.84%	-40.77%	0.52%

Correlation

The correlation between CAIXY and UNCRY is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.52

The correlation between CAIXY and UNCRY shifts across timeframes, from 0.52 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CAIXY : $92.51B UNCRY : $129.74B
EPS CAIXY : $0.28 UNCRY : $3.58
PE Ratio CAIXY : 15.60 UNCRY : 12.01
PEG Ratio CAIXY : 1.24 UNCRY : 0.15
PS Ratio CAIXY : 4.78 UNCRY : 5.75
PB Ratio CAIXY : 2.50 UNCRY : 1.89
Total Revenue (TTM) CAIXY : $19.49B UNCRY : $24.09B
Gross Profit (TTM) CAIXY : $12.00B UNCRY : $23.20B
EBITDA (TTM) CAIXY : $8.98B UNCRY : $14.22B

Return for Risk

CAIXY vs. UNCRY — Risk / Return Rank

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

CAIXY

CAIXY Risk / Return Rank: 89
CAIXY Sharpe Ratio Rank: 91
CAIXY Sortino Ratio Rank: 88
CAIXY Omega Ratio Rank: 87
CAIXY Calmar Ratio Rank: 87
CAIXY Martin Ratio Rank: 91

UNCRY

UNCRY Risk / Return Rank: 71
UNCRY Sharpe Ratio Rank: 76
UNCRY Sortino Ratio Rank: 71
UNCRY Omega Ratio Rank: 69
UNCRY Calmar Ratio Rank: 69
UNCRY Martin Ratio Rank: 72

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.

CAIXY vs. UNCRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caixabank SA ADR (CAIXY) and UniCredit SpA ADR (UNCRY). 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.

	CAIXY	UNCRY	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.18	+1.22
Sortino ratio: Return per unit of downside risk	3.04	1.76	+1.29
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.17
Calmar ratio: Return relative to maximum drawdown	3.93	1.45	+2.48
Martin ratio: Return relative to average drawdown	12.99	4.11	+8.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAIXY vs. UNCRY - Sharpe Ratio Comparison

The current CAIXY Sharpe Ratio is 2.40, which is higher than the UNCRY Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of CAIXY and UNCRY, 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

	CAIXY	UNCRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.18	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	1.39	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.56	-0.28

Drawdowns

CAIXY vs. UNCRY - Drawdown Comparison

The maximum CAIXY drawdown since its inception was -74.24%, which is greater than UNCRY's maximum drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for CAIXY and UNCRY.

Drawdown Indicators

	CAIXY	UNCRY	Difference
Max Drawdown Largest peak-to-trough decline	-74.24%	-70.20%	-4.04%
Max Drawdown (1Y) Largest decline over 1 year	-17.04%	-27.25%	+10.21%
Max Drawdown (3Y) Largest decline over 3 years	-31.74%	-27.25%	-4.49%
Max Drawdown (5Y) Largest decline over 5 years	-31.74%	-50.77%	+19.03%
Max Drawdown (10Y) Largest decline over 10 years	-70.45%	—	—
Current Drawdown Current decline from peak	-1.23%	-5.58%	+4.35%
Average Drawdown Average peak-to-trough decline	-32.58%	-27.49%	-5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	9.59%	-4.44%

Volatility

CAIXY vs. UNCRY - Volatility Comparison

The current volatility for Caixabank SA ADR (CAIXY) is 7.68%, while UniCredit SpA ADR (UNCRY) has a volatility of 8.67%. This indicates that CAIXY experiences smaller price fluctuations and is considered to be less risky than UNCRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAIXY	UNCRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	8.67%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	22.60%	27.18%	-4.58%
Volatility (1Y) Calculated over the trailing 1-year period	27.87%	33.48%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.33%	39.32%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.28%	42.27%	+5.01%

Dividends

CAIXY vs. UNCRY - Dividend Comparison

CAIXY's dividend yield for the trailing twelve months is around 4.38%, more than UNCRY's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIXY Caixabank SA ADR	4.38%	6.82%	10.76%	6.11%	4.26%	1.22%	2.17%	2.69%	3.70%	3.16%	2.70%	2.71%
UNCRY UniCredit SpA ADR	4.22%	4.00%	7.31%	3.91%	4.01%	0.94%	0.00%	1.37%	2.29%	0.00%	0.00%	0.00%

Financials

CAIXY vs. UNCRY - Profitability Comparison

The chart below illustrates the profitability comparison between Caixabank SA ADR and UniCredit SpA ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAIXY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caixabank SA ADR reported a gross profit of 4.19B and revenue of 4.19B. Therefore, the gross margin over that period was 100.0%.

UNCRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a gross profit of 6.62B and revenue of 7.05B. Therefore, the gross margin over that period was 93.9%.

CAIXY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caixabank SA ADR reported an operating income of 2.23B and revenue of 4.19B, resulting in an operating margin of 53.2%.

UNCRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported an operating income of 4.38B and revenue of 7.05B, resulting in an operating margin of 62.2%.

CAIXY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caixabank SA ADR reported a net income of 1.57B and revenue of 4.19B, resulting in a net margin of 37.5%.

UNCRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a net income of 3.32B and revenue of 7.05B, resulting in a net margin of 47.1%.

Frequently Asked Questions

Can I hold both CAIXY and UNCRY in my portfolio?

CAIXY and UNCRY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAIXY or UNCRY?

UNCRY has higher volatility (8.67%) compared to CAIXY (7.68%). In terms of maximum drawdown, CAIXY dropped -74.24% vs UNCRY's -70.20%.

Which has better risk-adjusted returns?

CAIXY currently has the higher Sharpe Ratio (2.40 vs 1.18), 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.