GBOOY vs. BFL.AX

Last updated Jun 6, 2026

GBOOY (Grupo Financiero Banorte SAB de CV ADR) and BFL.AX (BSP Financial Group Limited) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 3 years, GBOOY returned 18.75%/yr vs 32.21%/yr for BFL.AX. At a 0.12 correlation, their price movements are largely independent.

Performance

GBOOY vs. BFL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grupo Financiero Banorte SAB de CV ADR (GBOOY) and BSP Financial Group Limited (BFL.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GBOOY is traded in USD, while BFL.AX is traded in AUD. To make them comparable, the BFL.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GBOOY achieves a 15.80% return, which is significantly higher than BFL.AX's 13.31% return.

GBOOY

• 1D: -1.98%
• 1M: -3.99%
• YTD: 15.80%
• 6M: 17.29%
• 1Y: 24.95%
• 3Y*: 18.75%
• 5Y*: 18.74%
• 10Y*: 13.48%

BFL.AX

• 1D: 0.08%
• 1M: -0.09%
• YTD: 13.31%
• 6M: 20.55%
• 1Y: 28.63%
• 3Y*: 32.21%
• 5Y*: —
• 10Y*: —

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

GBOOY vs. BFL.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GBOOY Grupo Financiero Banorte SAB de CV ADR	15.80%	59.20%	-30.20%	52.91%	20.30%	3.56%
BFL.AX BSP Financial Group Limited	13.58%	44.49%	21.11%	25.61%	21.10%	-17.26%

Correlation

The correlation between GBOOY and BFL.AX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021	0.12

Return for Risk

GBOOY vs. BFL.AX — Risk / Return Rank

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

GBOOY

GBOOY Risk / Return Rank: 67
GBOOY Sharpe Ratio Rank: 68
GBOOY Sortino Ratio Rank: 64
GBOOY Omega Ratio Rank: 60
GBOOY Calmar Ratio Rank: 71
GBOOY Martin Ratio Rank: 72

BFL.AX

BFL.AX Risk / Return Rank: 59
BFL.AX Sharpe Ratio Rank: 60
BFL.AX Sortino Ratio Rank: 54
BFL.AX Omega Ratio Rank: 60
BFL.AX Calmar Ratio Rank: 58
BFL.AX Martin Ratio Rank: 62

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.

GBOOY vs. BFL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grupo Financiero Banorte SAB de CV ADR (GBOOY) and BSP Financial Group Limited (BFL.AX). 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.

	GBOOY	BFL.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.92	-0.07
Sortino ratio: Return per unit of downside risk	1.40	1.43	-0.03
Omega ratio: Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio: Return relative to maximum drawdown	1.65	1.33	+0.32
Martin ratio: Return relative to average drawdown	3.99	4.01	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBOOY vs. BFL.AX - Sharpe Ratio Comparison

The current GBOOY Sharpe Ratio is 0.85, which is comparable to the BFL.AX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of GBOOY and BFL.AX, 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

	GBOOY	BFL.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.92	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.65	-0.31

Drawdowns

GBOOY vs. BFL.AX - Drawdown Comparison

The maximum GBOOY drawdown since its inception was -65.69%, which is greater than BFL.AX's maximum drawdown of -29.69%. Use the drawdown chart below to compare losses from any high point for GBOOY and BFL.AX.

Drawdown Indicators

	GBOOY	BFL.AX	Difference
Max Drawdown Largest peak-to-trough decline	-65.69%	-29.69%	-36.00%
Max Drawdown (1Y) Largest decline over 1 year	-15.19%	-21.31%	+6.12%
Max Drawdown (3Y) Largest decline over 3 years	-38.13%	-21.31%	-16.82%
Max Drawdown (5Y) Largest decline over 5 years	-38.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-65.69%	—	—
Current Drawdown Current decline from peak	-11.12%	-2.33%	-8.79%
Average Drawdown Average peak-to-trough decline	-17.78%	-10.27%	-7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.27%	7.10%	-0.83%

Volatility

GBOOY vs. BFL.AX - Volatility Comparison

Grupo Financiero Banorte SAB de CV ADR (GBOOY) has a higher volatility of 7.94% compared to BSP Financial Group Limited (BFL.AX) at 5.55%. This indicates that GBOOY's price experiences larger fluctuations and is considered to be riskier than BFL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBOOY	BFL.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	5.55%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	23.93%	12.63%	+11.30%
Volatility (1Y) Calculated over the trailing 1-year period	29.66%	30.94%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	31.38%	+6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.19%	31.38%	+9.81%

Dividends

GBOOY vs. BFL.AX - Dividend Comparison

GBOOY's dividend yield for the trailing twelve months is around 9.73%, more than BFL.AX's 6.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFL.AX BSP Financial Group Limited	6.20%	7.35%	8.34%	11.97%	13.09%	2.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GBOOY Grupo Financiero Banorte SAB de CV ADR	9.73%	9.42%	10.55%	7.41%	8.46%	4.29%	0.00%	4.94%	3.46%	5.15%	2.20%	1.02%

Financials

Frequently Asked Questions

Can I hold both GBOOY and BFL.AX in my portfolio?

GBOOY and BFL.AX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.