OMAB vs. ITUB
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) and ITUB (Itaú Unibanco Holding S.A.) are both stocks. OMAB operates in Airports & Air Services (Industrials), while ITUB operates in Banks - Regional (Financial Services). Over the past 10 years, OMAB returned 13.30%/yr vs 18.25%/yr for ITUB. At a 0.35 correlation, their price movements are largely independent.
Performance
OMAB vs. ITUB - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a -3.71% return, which is significantly lower than ITUB's 12.88% return. Over the past 10 years, OMAB has underperformed ITUB with an annualized return of 13.30%, while ITUB has yielded a comparatively higher 18.25% annualized return.
OMAB
- 1D
- 2.59%
- 1M
- -1.07%
- YTD
- -3.71%
- 6M
- -4.20%
- 1Y
- 1.82%
- 3Y*
- 11.21%
- 5Y*
- 22.34%
- 10Y*
- 13.30%
ITUB
- 1D
- 1.01%
- 1M
- 1.83%
- YTD
- 12.88%
- 6M
- 13.72%
- 1Y
- 35.09%
- 3Y*
- 26.58%
- 5Y*
- 23.47%
- 10Y*
- 18.25%
OMAB vs. ITUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -3.71% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
ITUB Itaú Unibanco Holding S.A. | 12.88% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
Correlation
The correlation between OMAB and ITUB is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006 | 0.35 |
Fundamentals
OMAB:
$4.91B
ITUB:
$88.83B
OMAB:
MX$109.59
ITUB:
R$4.00
OMAB:
16.01
ITUB:
10.19
OMAB:
0.88
ITUB:
1.01
OMAB:
5.23
ITUB:
1.21
OMAB:
6.78
ITUB:
2.08
OMAB:
MX$16.21B
ITUB:
R$384.43B
OMAB:
MX$12.07B
ITUB:
R$131.20B
OMAB:
MX$9.83B
ITUB:
R$54.38B
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Return for Risk
OMAB vs. ITUB — Risk / Return Rank
OMAB
ITUB
OMAB vs. ITUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) and Itaú Unibanco Holding S.A. (ITUB). 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.
| OMAB | ITUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.64 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.15 | 4.32 | -4.17 |
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Drawdowns
OMAB vs. ITUB - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, which is greater than ITUB's maximum drawdown of -69.35%. Use the drawdown chart below to compare losses from any high point for OMAB and ITUB.
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Drawdown Indicators
| OMAB | ITUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -69.35% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -21.53% | -5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | -28.17% | -13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -31.59% | -10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | -61.96% | -6.92% |
Current DrawdownCurrent decline from peak | -22.41% | -15.62% | -6.79% |
Average DrawdownAverage peak-to-trough decline | -22.70% | -21.01% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 8.14% | +3.68% |
Volatility
OMAB vs. ITUB - Volatility Comparison
The current volatility for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) is 8.11%, while Itaú Unibanco Holding S.A. (ITUB) has a volatility of 9.45%. This indicates that OMAB experiences smaller price fluctuations and is considered to be less risky than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OMAB | ITUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.11% | 9.45% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.71% | 25.03% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.68% | 31.11% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.78% | 33.91% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.28% | 38.44% | -0.16% |
Dividends
OMAB vs. ITUB - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.34%, less than ITUB's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 7.27% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.34% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
OMAB vs. ITUB - Financials Comparison
This section allows you to compare key financial metrics between Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. and Itaú Unibanco Holding 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
OMAB vs. ITUB - Profitability Comparison
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.64B and revenue of 3.82B. Therefore, the gross margin over that period was 69.2%.
ITUB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.08B and revenue of 3.82B, resulting in an operating margin of 54.5%.
ITUB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.23B and revenue of 3.82B, resulting in a net margin of 32.3%.
ITUB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
Frequently Asked Questions
OMAB and ITUB have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITUB has higher volatility (9.45%) compared to OMAB (8.11%). In terms of maximum drawdown, OMAB dropped -77.75% vs ITUB's -69.35%.
ITUB currently has the higher Sharpe Ratio (1.13 vs 0.06), 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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