IFS vs. BAP
IFS (Intercorp Financial Services Inc.) and BAP (Credicorp Ltd.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, IFS returned 15.71%/yr vs 22.28%/yr for BAP. At a 0.48 correlation, their price movements are largely independent.
Performance
IFS vs. BAP - Performance Comparison
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Returns By Period
In the year-to-date period, IFS achieves a 20.63% return, which is significantly higher than BAP's 14.61% return.
IFS
- 1D
- -2.68%
- 1M
- 11.57%
- YTD
- 20.63%
- 6M
- 26.08%
- 1Y
- 46.79%
- 3Y*
- 35.25%
- 5Y*
- 15.71%
- 10Y*
- —
BAP
- 1D
- -4.80%
- 1M
- 2.80%
- YTD
- 14.61%
- 6M
- 24.99%
- 1Y
- 51.65%
- 3Y*
- 39.64%
- 5Y*
- 22.28%
- 10Y*
- 12.30%
IFS vs. BAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IFS Intercorp Financial Services Inc. | 20.63% | 49.00% | 39.89% | -1.52% | -5.41% | -13.75% | -16.06% | -0.46% |
BAP Credicorp Ltd. | 14.61% | 65.23% | 31.35% | 16.29% | 14.47% | -24.73% | -17.56% | 0.34% |
Correlation
The correlation between IFS and BAP is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.48 |
The correlation between IFS and BAP shifts across timeframes, from 0.48 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IFS:
$5.45B
BAP:
$26.02B
IFS:
$18.58
BAP:
$90.36
IFS:
2.64
BAP:
3.62
IFS:
0.46
BAP:
0.20
IFS:
0.56
BAP:
0.91
IFS:
0.46
BAP:
0.67
IFS:
$9.79B
BAP:
$28.76B
IFS:
$6.59B
BAP:
$22.06B
IFS:
$2.86B
BAP:
$11.19B
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Return for Risk
IFS vs. BAP — Risk / Return Rank
IFS
BAP
IFS vs. BAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intercorp Financial Services Inc. (IFS) and Credicorp Ltd. (BAP). 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.
| IFS | BAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.78 | +0.73 |
| Martin ratioReturn relative to average drawdown | 8.80 | 7.18 | +1.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFS | BAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.66 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.70 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.44 | -0.22 |
Drawdowns
IFS vs. BAP - Drawdown Comparison
The maximum IFS drawdown since its inception was -55.33%, smaller than the maximum BAP drawdown of -75.92%. Use the drawdown chart below to compare losses from any high point for IFS and BAP.
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Drawdown Indicators
| IFS | BAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -75.92% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -18.65% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.42% | -26.53% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -44.33% | -38.26% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.09% | — |
Current DrawdownCurrent decline from peak | -2.89% | -12.34% | +9.45% |
Average DrawdownAverage peak-to-trough decline | -24.87% | -23.96% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 7.22% | -1.89% |
Volatility
IFS vs. BAP - Volatility Comparison
The current volatility for Intercorp Financial Services Inc. (IFS) is 9.84%, while Credicorp Ltd. (BAP) has a volatility of 13.70%. This indicates that IFS experiences smaller price fluctuations and is considered to be less risky than BAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFS | BAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 13.70% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 25.23% | 28.18% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.84% | 31.33% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.72% | 31.89% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.08% | 31.10% | +5.98% |
Dividends
IFS vs. BAP - Dividend Comparison
IFS's dividend yield for the trailing twelve months is around 3.67%, more than BAP's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 0.45% | 3.78% | 6.65% | 4.52% | 2.84% | 0.99% | 5.37% | 3.95% | 0.20% | 4.16% | 1.47% | 2.25% |
IFS Intercorp Financial Services Inc. | 3.67% | 2.36% | 3.41% | 5.38% | 7.45% | 5.38% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IFS vs. BAP - Financials Comparison
This section allows you to compare key financial metrics between Intercorp Financial Services Inc. and Credicorp Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IFS vs. BAP - Profitability Comparison
IFS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported a gross profit of 2.34B and revenue of 3.07B. Therefore, the gross margin over that period was 76.3%.
BAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported a gross profit of 6.01B and revenue of 7.74B. Therefore, the gross margin over that period was 77.7%.
IFS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported an operating income of 754.64M and revenue of 3.07B, resulting in an operating margin of 24.6%.
BAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported an operating income of 2.91B and revenue of 7.74B, resulting in an operating margin of 37.7%.
IFS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercorp Financial Services Inc. reported a net income of 597.27M and revenue of 3.07B, resulting in a net margin of 19.5%.
BAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credicorp Ltd. reported a net income of 2.06B and revenue of 7.74B, resulting in a net margin of 26.6%.
Frequently Asked Questions
IFS and BAP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAP has higher volatility (13.70%) compared to IFS (9.84%). In terms of maximum drawdown, IFS dropped -55.33% vs BAP's -75.92%.
BAP currently has the higher Sharpe Ratio (1.66 vs 1.53), 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.
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