ITUB vs. ICE
ITUB (Itaú Unibanco Holding S.A.) and ICE (Intercontinental Exchange, Inc.) are both stocks. Both are in the Financial Services sector — ITUB in Banks - Regional, ICE in Financial Data & Stock Exchanges. Over the past 10 years, ITUB returned 15.91%/yr vs 11.82%/yr for ICE. At a 0.29 correlation, their price movements are largely independent.
Performance
ITUB vs. ICE - Performance Comparison
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Returns By Period
In the year-to-date period, ITUB achieves a 18.68% return, which is significantly higher than ICE's -11.98% return. Over the past 10 years, ITUB has outperformed ICE with an annualized return of 15.91%, while ICE has yielded a comparatively lower 11.82% annualized return.
ITUB
- 1D
- 1.46%
- 1M
- 7.84%
- 6M
- 15.09%
- YTD
- 18.68%
- 1Y
- 48.96%
- 3Y*
- 25.76%
- 5Y*
- 27.77%
- 10Y*
- 15.91%
- ALL TIME*
- 15.27%
ICE
- 1D
- 1.37%
- 1M
- 5.74%
- 6M
- -18.06%
- YTD
- -11.98%
- 1Y
- -20.66%
- 3Y*
- 8.15%
- 5Y*
- 4.68%
- 10Y*
- 11.82%
- ALL TIME*
- 15.96%
ITUB vs. ICE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 18.68% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
ICE Intercontinental Exchange, Inc. | -11.98% | 9.92% | 17.46% | 27.12% | -23.91% | 19.94% | 26.15% | 24.47% | 8.11% | 26.60% |
Correlation
The correlation between ITUB and ICE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2005 | 0.29 |
Over the past year, the correlation between ITUB and ICE has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
ITUB:
$91.70B
ICE:
$80.06B
ITUB:
R$3.93
ICE:
$6.86
ITUB:
10.81
ICE:
20.65
ITUB:
1.07
ICE:
2.49
ITUB:
1.29
ICE:
6.19
ITUB:
2.18
ICE:
2.73
ITUB:
R$384.43B
ICE:
$13.08B
ITUB:
R$131.20B
ICE:
$8.93B
ITUB:
R$54.38B
ICE:
$7.05B
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Return for Risk
ITUB vs. ICE — Risk / Return Rank
ITUB
ICE
ITUB vs. ICE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) and Intercontinental Exchange, Inc. (ICE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ITUB | ICE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.61 | +2.90 |
| Martin ratioReturn relative to average drawdown | 5.58 | -1.27 | +6.86 |
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Drawdowns
ITUB vs. ICE - Drawdown Comparison
The maximum ITUB drawdown since its inception was -69.35%, smaller than the maximum ICE drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for ITUB and ICE.
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Drawdown Indicators
| ITUB | ICE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.35% | -73.94% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | -33.94% | +12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | -33.94% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -31.59% | -34.32% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -61.96% | -34.32% | -27.64% |
Current DrawdownCurrent decline from peak | -11.28% | -23.92% | +12.64% |
Average DrawdownAverage peak-to-trough decline | -20.98% | -16.52% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.79% | 16.25% | -7.46% |
Volatility
ITUB vs. ICE - Volatility Comparison
The current volatility for Itaú Unibanco Holding S.A. (ITUB) is 7.81%, while Intercontinental Exchange, Inc. (ICE) has a volatility of 9.08%. This indicates that ITUB experiences smaller price fluctuations and is considered to be less risky than ICE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITUB | ICE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 9.08% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 25.07% | 19.99% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.01% | 23.92% | +7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 21.51% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 22.36% | +15.87% |
Dividends
ITUB vs. ICE - Dividend Comparison
ITUB's dividend yield for the trailing twelve months is around 7.85%, more than ICE's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICE Intercontinental Exchange, Inc. | 1.41% | 1.19% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% |
ITUB Itaú Unibanco Holding S.A. | 7.85% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
Financials
ITUB vs. ICE - Financials Comparison
This section allows you to compare key financial metrics between Itaú Unibanco Holding S.A. and Intercontinental Exchange, Inc.. 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
ITUB vs. ICE - Profitability Comparison
ITUB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported a gross profit of 32.47B and revenue of 94.91B. Therefore, the gross margin over that period was 34.2%.
ICE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Intercontinental Exchange, Inc. reported a gross profit of 2.89B and revenue of 3.67B. Therefore, the gross margin over that period was 78.8%.
ITUB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported an operating income of 12.47B and revenue of 94.91B, resulting in an operating margin of 13.1%.
ICE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Intercontinental Exchange, Inc. reported an operating income of 1.67B and revenue of 3.67B, resulting in an operating margin of 45.4%.
ITUB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported a net income of 11.42B and revenue of 94.91B, resulting in a net margin of 12.0%.
ICE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Intercontinental Exchange, Inc. reported a net income of 1.41B and revenue of 3.67B, resulting in a net margin of 38.5%.
Frequently Asked Questions
ITUB and ICE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICE has higher volatility (9.08%) compared to ITUB (7.81%). In terms of maximum drawdown, ITUB dropped -69.35% vs ICE's -73.94%.
ITUB currently has the higher Sharpe Ratio (1.59 vs -0.87), 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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