ITUB vs. KLBAY
ITUB (Itaú Unibanco Holding S.A.) and KLBAY (Klabin Sa A) are both stocks. ITUB operates in Banks - Regional (Financial Services), while KLBAY operates in Paper & Paper Products (Basic Materials). Over the past 10 years, ITUB returned 17.17%/yr vs 2.03%/yr for KLBAY. At a 0.25 correlation, their price movements are largely independent.
Performance
ITUB vs. KLBAY - Performance Comparison
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Returns By Period
In the year-to-date period, ITUB achieves a 22.96% return, which is significantly higher than KLBAY's 0.05% return. Over the past 10 years, ITUB has outperformed KLBAY with an annualized return of 17.17%, while KLBAY has yielded a comparatively lower 2.03% annualized return.
ITUB
- 1D
- 4.11%
- 1M
- 8.94%
- 6M
- 17.81%
- YTD
- 22.96%
- 1Y
- 54.33%
- 3Y*
- 28.69%
- 5Y*
- 29.10%
- 10Y*
- 17.17%
KLBAY
- 1D
- 0.58%
- 1M
- 0.78%
- 6M
- -3.49%
- YTD
- 0.05%
- 1Y
- 4.31%
- 3Y*
- -0.38%
- 5Y*
- -0.70%
- 10Y*
- 2.03%
ITUB vs. KLBAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 22.96% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
KLBAY Klabin Sa A | 0.05% | 0.91% | -9.78% | 29.52% | -9.24% | -12.94% | 4.71% | 28.38% | -17.03% | 0.34% |
Correlation
The correlation between ITUB and KLBAY 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.25 |
Fundamentals
ITUB:
$95.00B
KLBAY:
$21.02B
ITUB:
R$3.93
KLBAY:
R$0.24
ITUB:
11.22
KLBAY:
148.43
ITUB:
1.34
KLBAY:
3.46
ITUB:
R$384.43B
KLBAY:
R$20.69B
ITUB:
R$131.20B
KLBAY:
R$7.29B
ITUB:
R$54.38B
KLBAY:
R$6.38B
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Return for Risk
ITUB vs. KLBAY — Risk / Return Rank
ITUB
KLBAY
ITUB vs. KLBAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) and Klabin Sa A (KLBAY). 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 | KLBAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.07 | +2.38 |
| Martin ratioReturn relative to average drawdown | 6.11 | 0.12 | +5.99 |
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Drawdowns
ITUB vs. KLBAY - Drawdown Comparison
The maximum ITUB drawdown since its inception was -69.35%, smaller than the maximum KLBAY drawdown of -87.31%. Use the drawdown chart below to compare losses from any high point for ITUB and KLBAY.
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Drawdown Indicators
| ITUB | KLBAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.35% | -87.31% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | -32.60% | +11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | -34.95% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -31.59% | -38.90% | +7.31% |
Max Drawdown (10Y)Largest decline over 10 years | -61.96% | -59.92% | -2.04% |
Current DrawdownCurrent decline from peak | -8.08% | -73.67% | +65.59% |
Average DrawdownAverage peak-to-trough decline | -20.99% | -57.20% | +36.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.64% | 19.81% | -11.17% |
Volatility
ITUB vs. KLBAY - Volatility Comparison
Itaú Unibanco Holding S.A. (ITUB) and Klabin Sa A (KLBAY) have volatilities of 7.53% and 7.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITUB | KLBAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 7.62% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 24.94% | 27.32% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.22% | 58.14% | -26.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.82% | 49.38% | -15.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 50.64% | -12.40% |
Dividends
ITUB vs. KLBAY - Dividend Comparison
ITUB's dividend yield for the trailing twelve months is around 7.58%, more than KLBAY's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 7.58% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
KLBAY Klabin Sa A | 3.95% | 4.40% | 6.76% | 5.12% | 7.63% | 1.46% | 0.10% | 3.63% | 6.49% | 4.36% | 5.17% | 2.00% |
Financials
ITUB vs. KLBAY - Financials Comparison
This section allows you to compare key financial metrics between Itaú Unibanco Holding S.A. and Klabin Sa A. 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. KLBAY - 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%.
KLBAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Klabin Sa A reported a gross profit of 1.60B and revenue of 4.85B. Therefore, the gross margin over that period was 33.1%.
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%.
KLBAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Klabin Sa A reported an operating income of 896.14M and revenue of 4.85B, resulting in an operating margin of 18.5%.
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%.
KLBAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Klabin Sa A reported a net income of -520.14M and revenue of 4.85B, resulting in a net margin of -10.7%.
Frequently Asked Questions
ITUB and KLBAY 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.
KLBAY has higher volatility (7.62%) compared to ITUB (7.53%). In terms of maximum drawdown, ITUB dropped -69.35% vs KLBAY's -87.31%.
ITUB currently has the higher Sharpe Ratio (1.71 vs 0.04), 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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