LYG vs. BBVA
LYG (Lloyds Banking Group plc) and BBVA (Banco Bilbao Vizcaya Argentaria, S.A.) are both stocks. Both are in the Financial Services sector — LYG in Banks - Regional, BBVA in Banks - Diversified. Over the past 10 years, LYG returned 8.00%/yr vs 20.71%/yr for BBVA. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
LYG vs. BBVA - Performance Comparison
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Returns By Period
In the year-to-date period, LYG achieves a 2.45% return, which is significantly higher than BBVA's -1.04% return. Over the past 10 years, LYG has underperformed BBVA with an annualized return of 8.00%, while BBVA has yielded a comparatively higher 20.71% annualized return.
LYG
- 1D
- -0.19%
- 1M
- -2.39%
- YTD
- 2.45%
- 6M
- 6.89%
- 1Y
- 31.26%
- 3Y*
- 39.69%
- 5Y*
- 20.09%
- 10Y*
- 8.00%
BBVA
- 1D
- 0.68%
- 1M
- 0.40%
- YTD
- -1.04%
- 6M
- 5.63%
- 1Y
- 55.10%
- 3Y*
- 55.69%
- 5Y*
- 36.80%
- 10Y*
- 20.71%
LYG vs. BBVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYG Lloyds Banking Group plc | 2.45% | 103.71% | 20.30% | 14.68% | -9.47% | 33.81% | -40.79% | 36.81% | -28.35% | 30.79% |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | -1.04% | 153.74% | 14.20% | 62.48% | 10.09% | 22.05% | -6.31% | 11.07% | -35.01% | 32.83% |
Correlation
The correlation between LYG and BBVA is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2001 | 0.61 |
The correlation between LYG and BBVA has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
Fundamentals
LYG:
$0.45
BBVA:
$1.84
LYG:
11.86
BBVA:
12.13
LYG:
5.93
BBVA:
0.45
LYG:
0.92
BBVA:
2.78
LYG:
$65.49B
BBVA:
$47.06B
LYG:
$65.49B
BBVA:
$32.43B
LYG:
$7.17B
BBVA:
$18.16B
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Return for Risk
LYG vs. BBVA — Risk / Return Rank
LYG
BBVA
LYG vs. BBVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lloyds Banking Group plc (LYG) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). 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.
| LYG | BBVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.50 | -1.12 |
| Martin ratioReturn relative to average drawdown | 3.85 | 6.60 | -2.75 |
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
| LYG | BBVA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.66 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.10 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.57 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.27 | -0.30 |
Drawdowns
LYG vs. BBVA - Drawdown Comparison
The maximum LYG drawdown since its inception was -94.84%, which is greater than BBVA's maximum drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for LYG and BBVA.
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Drawdown Indicators
| LYG | BBVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.84% | -78.31% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.72% | -22.14% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -22.14% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -40.19% | -42.28% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -68.72% | -69.63% | +0.91% |
Current DrawdownCurrent decline from peak | -57.66% | -11.65% | -46.01% |
Average DrawdownAverage peak-to-trough decline | -63.42% | -29.08% | -34.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 8.37% | -0.22% |
Volatility
LYG vs. BBVA - Volatility Comparison
Lloyds Banking Group plc (LYG) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) have volatilities of 8.88% and 8.65%, 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
| LYG | BBVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 8.65% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 21.77% | 26.59% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.07% | 33.52% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 33.53% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.52% | 36.30% | +0.22% |
Dividends
LYG vs. BBVA - Dividend Comparison
LYG's dividend yield for the trailing twelve months is around 3.76%, less than BBVA's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 4.84% | 3.51% | 7.71% | 5.51% | 6.29% | 2.79% | 3.50% | 5.23% | 5.75% | 5.17% | 6.02% | 4.29% |
LYG Lloyds Banking Group plc | 3.76% | 3.19% | 5.44% | 5.23% | 4.92% | 2.70% | 0.00% | 5.04% | 6.63% | 6.81% | 5.17% | 2.11% |
Financials
LYG vs. BBVA - Financials Comparison
This section allows you to compare key financial metrics between Lloyds Banking Group plc and Banco Bilbao Vizcaya Argentaria, S.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
LYG vs. BBVA - Profitability Comparison
LYG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported a gross profit of 5.18B and revenue of 5.18B. Therefore, the gross margin over that period was 100.0%.
BBVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported a gross profit of 8.83B and revenue of 10.65B. Therefore, the gross margin over that period was 82.9%.
LYG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported an operating income of 2.03B and revenue of 5.18B, resulting in an operating margin of 39.1%.
BBVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported an operating income of 4.72B and revenue of 10.65B, resulting in an operating margin of 44.3%.
LYG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported a net income of 1.53B and revenue of 5.18B, resulting in a net margin of 29.5%.
BBVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Bilbao Vizcaya Argentaria, S.A. reported a net income of 2.99B and revenue of 10.65B, resulting in a net margin of 28.1%.
Frequently Asked Questions
LYG and BBVA have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LYG has higher volatility (8.88%) compared to BBVA (8.65%). In terms of maximum drawdown, LYG dropped -94.84% vs BBVA's -78.31%.
BBVA currently has the higher Sharpe Ratio (1.66 vs 1.12), 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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