ITUB vs. BBD

Last updated Apr 1, 2026

Compare and contrast key facts about Itaú Unibanco Holding S.A. (ITUB) and Banco Bradesco S.A. (BBD).

Performance

ITUB vs. BBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Itaú Unibanco Holding S.A. (ITUB) and Banco Bradesco S.A. (BBD). The values are adjusted to include any dividend payments, if applicable.

ITUB vs. BBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITUB Itaú Unibanco Holding S.A.	18.24%	86.06%	-23.49%	54.53%	30.82%	-6.05%	-30.47%	8.46%	12.68%	30.90%
BBD Banco Bradesco S.A.	9.91%	95.27%	-41.93%	35.20%	-5.19%	-31.96%	-39.58%	15.02%	10.05%	36.27%

Fundamentals

EPS ITUB : $3.90 BBD : $3.36
PE Ratio ITUB : 2.15 BBD : 1.09
PEG Ratio ITUB : 0.21 BBD : 0.19
PS Ratio ITUB : 0.29 BBD : 0.10
Total Revenue (TTM) ITUB : $333.12B BBD : $250.12B
Gross Profit (TTM) ITUB : $98.22B BBD : $89.08B
EBITDA (TTM) ITUB : $52.41B BBD : $20.53B

Returns By Period

In the year-to-date period, ITUB achieves a 18.24% return, which is significantly higher than BBD's 9.91% return. Over the past 10 years, ITUB has outperformed BBD with an annualized return of 17.98%, while BBD has yielded a comparatively lower 3.89% annualized return.

ITUB

• 1D: 6.48%
• 1M: -6.56%
• YTD: 18.24%
• 6M: 25.99%
• 1Y: 71.86%
• 3Y*: 35.41%
• 5Y*: 32.17%
• 10Y*: 17.98%

BBD

• 1D: 4.29%
• 1M: -10.67%
• YTD: 9.91%
• 6M: 12.78%
• 1Y: 78.44%
• 3Y*: 21.05%
• 5Y*: 4.87%
• 10Y*: 3.89%

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

Return for Risk

ITUB vs. BBD — Risk / Return Rank

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

ITUB

ITUB Risk / Return Rank: 91
ITUB Sharpe Ratio Rank: 93
ITUB Sortino Ratio Rank: 91
ITUB Omega Ratio Rank: 90
ITUB Calmar Ratio Rank: 91
ITUB Martin Ratio Rank: 92

BBD

BBD Risk / Return Rank: 91
BBD Sharpe Ratio Rank: 91
BBD Sortino Ratio Rank: 90
BBD Omega Ratio Rank: 89
BBD Calmar Ratio Rank: 91
BBD 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.

ITUB vs. BBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) and Banco Bradesco S.A. (BBD). 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.

	ITUB	BBD	Difference
Sharpe ratio Return per unit of total volatility	2.34	2.05	+0.29
Sortino ratio Return per unit of downside risk	2.92	2.83	+0.09
Omega ratio Gain probability vs. loss probability	1.38	1.37	+0.02
Calmar ratio Return relative to maximum drawdown	3.95	4.06	-0.11
Martin ratio Return relative to average drawdown	12.57	12.51	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITUB vs. BBD - Sharpe Ratio Comparison

The current ITUB Sharpe Ratio is 2.34, which is comparable to the BBD Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ITUB and BBD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ITUB	BBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.05	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.13	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.09	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.24	+0.10

Correlation

The correlation between ITUB and BBD is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ITUB vs. BBD - Dividend Comparison

ITUB's dividend yield for the trailing twelve months is around 7.59%, more than BBD's 7.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITUB Itaú Unibanco Holding S.A.	7.59%	11.26%	9.20%	3.61%	4.21%	29.81%	4.80%	8.21%	6.93%	3.35%	15.63%	3.89%
BBD Banco Bradesco S.A.	7.15%	9.26%	8.06%	9.57%	2.87%	5.79%	2.70%	5.52%	3.10%	5.05%	3.65%	6.57%

Drawdowns

ITUB vs. BBD - Drawdown Comparison

The maximum ITUB drawdown since its inception was -69.35%, roughly equal to the maximum BBD drawdown of -72.89%. Use the drawdown chart below to compare losses from any high point for ITUB and BBD.

Drawdown Indicators

	ITUB	BBD	Difference
Max Drawdown Largest peak-to-trough decline	-69.35%	-72.89%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	-18.54%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-31.59%	-53.76%	+22.17%
Max Drawdown (10Y) Largest decline over 10 years	-61.96%	-72.89%	+10.93%
Current Drawdown Current decline from peak	-11.61%	-40.57%	+28.96%
Average Drawdown Average peak-to-trough decline	-21.09%	-30.99%	+9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	6.02%	-0.35%

Volatility

ITUB vs. BBD - Volatility Comparison

The current volatility for Itaú Unibanco Holding S.A. (ITUB) is 13.74%, while Banco Bradesco S.A. (BBD) has a volatility of 14.88%. This indicates that ITUB experiences smaller price fluctuations and is considered to be less risky than BBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITUB	BBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	14.88%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	23.77%	26.37%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	30.87%	38.44%	-7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.99%	38.83%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.85%	43.03%	-4.18%

Financials

ITUB vs. BBD - Profitability Comparison

The chart below illustrates the profitability comparison between Itaú Unibanco Holding S.A. and Banco Bradesco S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ITUB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a gross profit of 0.00 and revenue of 100.37B. Therefore, the gross margin over that period was 0.0%.

BBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported a gross profit of 22.67B and revenue of 22.67B. Therefore, the gross margin over that period was 100.0%.

ITUB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported an operating income of 10.61B and revenue of 100.37B, resulting in an operating margin of 10.6%.

BBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported an operating income of 12.27B and revenue of 22.67B, resulting in an operating margin of 54.1%.

ITUB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Itaú Unibanco Holding S.A. reported a net income of 12.09B and revenue of 100.37B, resulting in a net margin of 12.0%.

BBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Bradesco S.A. reported a net income of 6.50B and revenue of 22.67B, resulting in a net margin of 28.7%.