NBHC vs. BAP
NBHC (National Bank Holdings Corporation) and BAP (Credicorp Ltd.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, NBHC returned 10.43%/yr vs 14.93%/yr for BAP. At a 0.29 correlation, their price movements are largely independent.
Performance
NBHC vs. BAP - Performance Comparison
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Returns By Period
In the year-to-date period, NBHC achieves a 14.23% return, which is significantly lower than BAP's 38.87% return. Over the past 10 years, NBHC has underperformed BAP with an annualized return of 10.43%, while BAP has yielded a comparatively higher 14.93% annualized return.
NBHC
- 1D
- -0.16%
- 1M
- 2.50%
- YTD
- 14.23%
- 6M
- 10.06%
- 1Y
- 22.88%
- 3Y*
- 17.45%
- 5Y*
- 5.61%
- 10Y*
- 10.43%
BAP
- 1D
- -0.57%
- 1M
- 13.84%
- YTD
- 38.87%
- 6M
- 37.87%
- 1Y
- 82.46%
- 3Y*
- 46.30%
- 5Y*
- 33.56%
- 10Y*
- 14.93%
NBHC vs. BAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBHC National Bank Holdings Corporation | 14.23% | -8.94% | 19.11% | -8.81% | -2.16% | 37.06% | -4.50% | 16.56% | -3.44% | 2.77% |
BAP Credicorp Ltd. | 38.87% | 65.23% | 31.35% | 16.29% | 14.47% | -24.73% | -17.56% | -0.26% | 8.91% | 37.84% |
Correlation
The correlation between NBHC and BAP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.29 |
The correlation between NBHC and BAP shifts across timeframes, from 0.17 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NBHC:
$3.71
BAP:
PEN 90.36
NBHC:
11.53
BAP:
14.24
NBHC:
2.63
BAP:
0.78
NBHC:
2.04
BAP:
3.56
NBHC:
$598.85M
BAP:
PEN 28.76B
NBHC:
$313.20M
BAP:
PEN 22.06B
NBHC:
$128.33M
BAP:
PEN 11.19B
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Return for Risk
NBHC vs. BAP — Risk / Return Rank
NBHC
BAP
NBHC vs. BAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Bank Holdings Corporation (NBHC) 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.
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.
| NBHC | BAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.44 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 5.28 | -3.68 |
| Martin ratioReturn relative to average drawdown | 3.61 | 11.66 | -8.05 |
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Drawdowns
NBHC vs. BAP - Drawdown Comparison
The maximum NBHC drawdown since its inception was -48.43%, smaller than the maximum BAP drawdown of -75.92%. Use the drawdown chart below to compare losses from any high point for NBHC and BAP.
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Drawdown Indicators
| NBHC | BAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.43% | -75.92% | +27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -15.71% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -26.53% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -43.64% | -33.40% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | -59.09% | +10.66% |
Current DrawdownCurrent decline from peak | -12.07% | -1.65% | -10.42% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -23.91% | +10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.35% | 7.09% | -0.74% |
Volatility
NBHC vs. BAP - Volatility Comparison
The current volatility for National Bank Holdings Corporation (NBHC) is 6.03%, while Credicorp Ltd. (BAP) has a volatility of 14.90%. This indicates that NBHC 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
| NBHC | BAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 14.90% | -8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 29.49% | -12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 33.30% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.60% | 31.71% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.39% | 31.28% | +0.11% |
Dividends
NBHC vs. BAP - Dividend Comparison
NBHC's dividend yield for the trailing twelve months is around 2.92%, less than BAP's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 3.75% | 3.78% | 6.65% | 4.52% | 2.84% | 0.99% | 5.37% | 3.95% | 1.94% | 4.16% | 1.47% | 2.25% |
NBHC National Bank Holdings Corporation | 2.92% | 3.16% | 2.60% | 2.80% | 2.23% | 1.98% | 2.44% | 2.13% | 1.75% | 1.05% | 0.69% | 0.94% |
Financials
NBHC vs. BAP - Financials Comparison
This section allows you to compare key financial metrics between National Bank Holdings Corporation 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
NBHC vs. BAP - Profitability Comparison
NBHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a gross profit of 0.00 and revenue of 159.15M. Therefore, the gross margin over that period was 0.0%.
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%.
NBHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported an operating income of 0.00 and revenue of 159.15M, resulting in an operating margin of 0.0%.
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%.
NBHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a net income of 20.79M and revenue of 159.15M, resulting in a net margin of 13.1%.
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
NBHC and BAP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAP has higher volatility (14.90%) compared to NBHC (6.03%). In terms of maximum drawdown, NBHC dropped -48.43% vs BAP's -75.92%.
BAP currently has the higher Sharpe Ratio (2.49 vs 0.89), 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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