GGB vs. OPFI

Last updated Jun 3, 2026

GGB (Gerdau S.A.) and OPFI (OppFi Inc.) are both stocks. GGB operates in Steel (Basic Materials), while OPFI operates in Software - Application (Technology). Over the past 5 years, GGB returned 7.06%/yr vs -2.49%/yr for OPFI. At a 0.17 correlation, their price movements are largely independent.

Performance

GGB vs. OPFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gerdau S.A. (GGB) and OppFi Inc. (OPFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGB achieves a 34.27% return, which is significantly higher than OPFI's -20.08% return.

GGB

• 1D: 7.24%
• 1M: 9.26%
• YTD: 34.27%
• 6M: 38.39%
• 1Y: 81.45%
• 3Y*: 9.79%
• 5Y*: 7.06%
• 10Y*: 19.17%

OPFI

• 1D: -0.24%
• 1M: -12.09%
• YTD: -20.08%
• 6M: -13.37%
• 1Y: -36.67%
• 3Y*: 62.65%
• 5Y*: -2.49%
• 10Y*: —

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

GGB vs. OPFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GGB Gerdau S.A.	34.27%	32.78%	-25.80%	-1.92%	28.40%	18.51%	18.15%
OPFI OppFi Inc.	-20.08%	40.87%	56.02%	149.76%	-54.85%	-55.40%	3.35%

Correlation

The correlation between GGB and OPFI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020	0.17

Fundamentals

Market Cap GGB : $9.70B OPFI : $720.59M
EPS GGB : $0.82 OPFI : $1.59
PE Ratio GGB : 5.95 OPFI : 5.25
PS Ratio GGB : 0.14 OPFI : 0.64
PB Ratio GGB : 0.18 OPFI : 9.52
Total Revenue (TTM) GGB : $69.20B OPFI : $544.08M
Gross Profit (TTM) GGB : $8.31B OPFI : $523.64M
EBITDA (TTM) GGB : $8.02B OPFI : $148.42M

Return for Risk

GGB vs. OPFI — Risk / Return Rank

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

GGB

GGB Risk / Return Rank: 87
GGB Sharpe Ratio Rank: 91
GGB Sortino Ratio Rank: 89
GGB Omega Ratio Rank: 85
GGB Calmar Ratio Rank: 83
GGB Martin Ratio Rank: 88

OPFI

OPFI Risk / Return Rank: 12
OPFI Sharpe Ratio Rank: 8
OPFI Sortino Ratio Rank: 10
OPFI Omega Ratio Rank: 11
OPFI Calmar Ratio Rank: 14
OPFI Martin Ratio Rank: 18

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.

GGB vs. OPFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gerdau S.A. (GGB) and OppFi Inc. (OPFI). 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.

	GGB	OPFI	Difference
Sharpe ratio Return per unit of total volatility	2.41	-0.81	+3.21
Sortino ratio Return per unit of downside risk	3.13	-1.07	+4.20
Omega ratio Gain probability vs. loss probability	1.37	0.88	+0.50
Calmar ratio Return relative to maximum drawdown	3.27	-0.70	+3.97
Martin ratio Return relative to average drawdown	10.63	-1.06	+11.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGB vs. OPFI - Sharpe Ratio Comparison

The current GGB Sharpe Ratio is 2.41, which is higher than the OPFI Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of GGB and OPFI, 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

	GGB	OPFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	-0.81	+3.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.04	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	-0.03	+0.33

Drawdowns

GGB vs. OPFI - Drawdown Comparison

The maximum GGB drawdown since its inception was -96.39%, which is greater than OPFI's maximum drawdown of -84.60%. Use the drawdown chart below to compare losses from any high point for GGB and OPFI.

Drawdown Indicators

	GGB	OPFI	Difference
Max Drawdown Largest peak-to-trough decline	-96.39%	-84.60%	-11.79%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-48.53%	+20.25%
Max Drawdown (3Y) Largest decline over 3 years	-51.23%	-54.20%	+2.97%
Max Drawdown (5Y) Largest decline over 5 years	-51.23%	-84.46%	+33.23%
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-55.98%	-49.09%	-6.89%
Average Drawdown Average peak-to-trough decline	-52.32%	-51.38%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.70%	32.02%	-23.32%

Volatility

GGB vs. OPFI - Volatility Comparison

Gerdau S.A. (GGB) has a higher volatility of 12.58% compared to OppFi Inc. (OPFI) at 10.09%. This indicates that GGB's price experiences larger fluctuations and is considered to be riskier than OPFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGB	OPFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.58%	10.09%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	25.97%	25.06%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	34.53%	45.70%	-11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.97%	67.29%	-28.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.04%	64.21%	-17.17%

Dividends

GGB vs. OPFI - Dividend Comparison

GGB's dividend yield for the trailing twelve months is around 2.64%, while OPFI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGB Gerdau S.A.	2.64%	3.05%	5.07%	6.63%	12.79%	11.48%	1.33%	1.48%	1.60%	0.34%	0.38%	4.15%
OPFI OppFi Inc.	0.00%	2.39%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GGB vs. OPFI - Profitability Comparison

The chart below illustrates the profitability comparison between Gerdau S.A. and OppFi Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GGB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported a gross profit of 2.29B and revenue of 16.72B. Therefore, the gross margin over that period was 13.7%.

OPFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported a gross profit of 72.17M and revenue of 87.30M. Therefore, the gross margin over that period was 82.7%.

GGB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported an operating income of 1.75B and revenue of 16.72B, resulting in an operating margin of 10.5%.

OPFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported an operating income of 35.36M and revenue of 87.30M, resulting in an operating margin of 40.5%.

GGB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gerdau S.A. reported a net income of 1.00B and revenue of 16.72B, resulting in a net margin of 6.0%.

OPFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported a net income of 28.40M and revenue of 87.30M, resulting in a net margin of 32.5%.

Frequently Asked Questions

Can I hold both GGB and OPFI in my portfolio?

GGB and OPFI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGB or OPFI?

GGB has higher volatility (12.58%) compared to OPFI (10.09%). In terms of maximum drawdown, GGB dropped -96.39% vs OPFI's -84.60%.

Which has better risk-adjusted returns?

GGB currently has the higher Sharpe Ratio (2.41 vs -0.81), 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.