VK.PA vs. BMA

Last updated Jun 5, 2026

VK.PA (Vallourec) and BMA (Banco Macro S.A.) are both stocks. VK.PA operates in Steel (Basic Materials), while BMA operates in Banks - Regional (Financial Services). Over the past 10 years, VK.PA returned -5.04%/yr vs 6.65%/yr for BMA. At a 0.18 correlation, their price movements are largely independent.

Performance

VK.PA vs. BMA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vallourec (VK.PA) and Banco Macro S.A. (BMA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VK.PA is traded in EUR, while BMA is traded in USD. To make them comparable, the BMA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VK.PA achieves a 55.96% return, which is significantly higher than BMA's -0.75% return. Over the past 10 years, VK.PA has underperformed BMA with an annualized return of -5.04%, while BMA has yielded a comparatively higher 6.65% annualized return.

VK.PA

• 1D: 0.12%
• 1M: -1.57%
• YTD: 55.96%
• 6M: 54.82%
• 1Y: 58.43%
• 3Y*: 36.99%
• 5Y*: 20.81%
• 10Y*: -5.04%

BMA

• 1D: -1.60%
• 1M: 14.09%
• YTD: -0.75%
• 6M: 3.39%
• 1Y: 18.76%
• 3Y*: 67.89%
• 5Y*: 48.63%
• 10Y*: 6.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VK.PA vs. BMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VK.PA Vallourec	55.96%	4.90%	17.08%	14.30%	39.43%	-4.71%	-76.22%	72.99%	-67.72%	-23.13%
BMA Banco Macro S.A.	-0.75%	-15.00%	302.73%	85.88%	34.92%	-3.22%	-60.59%	-12.06%	-58.88%	59.23%

Correlation

The correlation between VK.PA and BMA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.18

Return for Risk

VK.PA vs. BMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VK.PA

VK.PA Risk / Return Rank: 85
VK.PA Sharpe Ratio Rank: 86
VK.PA Sortino Ratio Rank: 84
VK.PA Omega Ratio Rank: 83
VK.PA Calmar Ratio Rank: 89
VK.PA Martin Ratio Rank: 85

BMA

BMA Risk / Return Rank: 53
BMA Sharpe Ratio Rank: 51
BMA Sortino Ratio Rank: 55
BMA Omega Ratio Rank: 54
BMA Calmar Ratio Rank: 51
BMA Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VK.PA vs. BMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vallourec (VK.PA) and Banco Macro S.A. (BMA). 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.

	VK.PA	BMA	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.26	+1.59
Sortino ratio: Return per unit of downside risk	2.63	1.02	+1.61
Omega ratio: Gain probability vs. loss probability	1.34	1.12	+0.21
Calmar ratio: Return relative to maximum drawdown	4.24	0.37	+3.86
Martin ratio: Return relative to average drawdown	8.84	0.86	+7.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VK.PA vs. BMA - Sharpe Ratio Comparison

The current VK.PA Sharpe Ratio is 1.85, which is higher than the BMA Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of VK.PA and BMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VK.PA	BMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	0.26	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.83	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.11	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.20	-0.18

Drawdowns

VK.PA vs. BMA - Drawdown Comparison

The maximum VK.PA drawdown since its inception was -99.47%, which is greater than BMA's maximum drawdown of -90.66%. Use the drawdown chart below to compare losses from any high point for VK.PA and BMA.

Drawdown Indicators

	VK.PA	BMA	Difference
Max Drawdown Largest peak-to-trough decline	-99.47%	-90.66%	-8.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.20%	-50.27%	+37.07%
Max Drawdown (3Y) Largest decline over 3 years	-27.33%	-69.53%	+42.20%
Max Drawdown (5Y) Largest decline over 5 years	-41.71%	-69.53%	+27.82%
Max Drawdown (10Y) Largest decline over 10 years	-96.03%	-90.66%	-5.37%
Current Drawdown Current decline from peak	-96.48%	-29.62%	-66.86%
Average Drawdown Average peak-to-trough decline	-51.86%	-46.30%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	21.84%	-15.47%

Volatility

VK.PA vs. BMA - Volatility Comparison

Vallourec (VK.PA) has a higher volatility of 17.50% compared to Banco Macro S.A. (BMA) at 16.00%. This indicates that VK.PA's price experiences larger fluctuations and is considered to be riskier than BMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VK.PA	BMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	16.00%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	24.54%	36.79%	-12.25%
Volatility (1Y) Calculated over the trailing 1-year period	30.24%	72.87%	-42.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.75%	58.70%	-14.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.40%	61.84%	-7.44%

Dividends

VK.PA vs. BMA - Dividend Comparison

VK.PA has not paid dividends to shareholders, while BMA's dividend yield for the trailing twelve months is around 5.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMA Banco Macro S.A.	5.63%	2.38%	6.10%	7.75%	7.28%	0.00%	0.00%	6.20%	5.05%	0.65%	1.53%	0.00%
VK.PA Vallourec	0.00%	9.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.42%

Financials

Frequently Asked Questions

Can I hold both VK.PA and BMA in my portfolio?

VK.PA and BMA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.