# How Banco Bradesco (BBDO) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/bbdo
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on BBDO alone. It places BBDO (Banco Bradesco S.A.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where BBDO stands in the market, and of the alternatives worth a closer look.

Period covered: BBDO's full trading record, from March 2012 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** The slide is BBDO's own: it is 41.0% below its high, against 1.3% for the S&P 500. That said, BBDO has run far ahead of the market, rising 20.6% over the past 3 months against 3.9% for the S&P 500 and 3.2% for the Nasdaq 100.
- **Stock or market?:** Not a move of its own: the banks ETF EWZ (iShares MSCI Brazil ETF) rose 21.0% over the past 3 months, with ITUB (Itaú Unibanco Holding, up 16.7%) and BBD (Banco Bradesco, up 15.9%), against 3.9% for the S&P 500. BBDO rose 16.0% last month as the S&P 500 fell 0.6% and the Nasdaq 100 fell 3.2%.
- **Past 1 to 3 years:** Over the past year, BBDO rose 37.2% against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (94.2% against 89.3%). A behind 87% of stocks worth at least $300 million over 10 years, but ahead of 68% of the stocks worth at least $300 million over 3 years.
- **Long term:** BBDO turned $10,000 into $7,900 over the past decade, against $42,100 in the S&P 500. BBDO's 10-year loss of 21.0% puts it behind 87% of the stocks worth at least $300 million with that much history. The S&P 500 returned 321%.
- **In a crash:** Across four sell-offs, BBDO has typically fallen 1.8 times as far as the S&P 500.
- **Diversification:** Against the S&P 500, BBDO has a correlation of 0.22 over 5 years, less closely than 83% of stocks worth at least $300 million. Next to an index fund it is a real diversifier. Even so, over 10 years, BBDO's beta versus the S&P 500 was 0.84: in the S&P 500's rising months it gained 54% as much as the index, and in falling months it lost 1.2 times as much.
- **Better options**
  - **Nearby categories and themes:** RY (Royal Bank of Canada, banks) and MUFG (Mitsubishi UFJ Financial Group, banks) earned more than BBDO with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against 9.9% a year at 43.1%.
  - **Whole market:** 827 of the 3,633 stocks and funds worth at least $500 million earned more than BBDO with less volatility over the past 5 years, among them AAPL (Apple), GOOG (Alphabet) and MSFT (Microsoft).

## How much would $10,000 in BBDO have grown?

This chart tracks a hypothetical $10,000 investment in BBDO over the past 14 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of BBDO over the same span and BBDO's popular alternatives, among those that traded for the entire period.

- $10,000 invested in BBDO at the end of September 2012 would have grown to $7,568 by September 2026, less than the $67,346 it would have become in SPY, an S&P 500 fund.
- All eight other investments on the chart ended ahead of BBDO, and GGAL finished highest, at $87,418.

## BBDO at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- BBDO is still 41.0% below its all-time high.
- BBDO's deepest decline since it began trading in 2012 was 76.8%, from September 2014 to December 2024. It has not yet climbed back to that peak.
- Over 13 full calendar years, BBDO's best was 2016, when it returned 81.6%, and its worst was 2015, when it lost 49.0%. It lost money in seven of those years.

- Type: Stock, Financials (Banks - Regional)
- Trading since: March 13, 2012
- Market value: $41B
- Volatility (5 years): 43.1%; Sharpe ratio: 0.44
- Worst decline ever: −76.8%, from September 3, 2014 to December 18, 2024; not yet back at its high

| Period | BBDO total return |
| --- | --- |
| 1 month | +16.0% |
| 3 months | +20.6% |
| 6 months | +3.7% |
| year to date | +36.2% |
| 1 year | +37.2% |
| 3 years | +94.2% |
| 5 years | +60.4% |
| 10 years | −21.0% |

## BBDO against the whole market

Where BBDO ranks among every stock and fund, and what across the market has done better.

### How does BBDO rank among all stocks?

This section ranks BBDO on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- BBDO's 10-year return ranks in the bottom 13% of the 2,202 stocks worth at least $300 million with 10 years of history.
- BBDO's 1-year return ranks in the top 24% of the 3,287 stocks worth at least $300 million with 1 year of history.

| Measure | BBDO | Rank |
| --- | --- | --- |
| 1-year return | +37.2% | 793 of 3,287 (top 25%) |
| 3-year return | +94.2% | 968 of 3,017 (top 33%) |
| 5-year return | +60.4% | 992 of 2,893 (top 35%) |
| 10-year return | −21.0% | 1,916 of 2,202 (top 88%) |
| Volatility, 5 years | 43.1% | 1,614 of 2,893 (top 56%) |
| Sharpe ratio, 5 years | 0.44 | 1,121 of 2,893 (top 39%) |
| Worst decline, past 10 years | −76.5% | 1,510 of 2,187 (top 70%) |

### What has beaten BBDO on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 509 stocks and 318 ETFs worth at least $500 million sit in the green region: each earned more than BBDO over the past 5 years with smaller price swings. That is 23% of the 3,633 screened.
- Among those with at least half BBDO's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 43% less than BBDO's 43.1%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.44 for BBDO. INSW earned the most, 56.5% a year, while still swinging less than BBDO (40.5% against 43.1%).
- Among BBDO's popular alternatives, BLX, BAP and CIB are in the region. BLX earned 31.4% a year against 9.9% a year for BBDO, at 25.9% volatility, 40% less than BBDO's 43.1%.

### Is there a better investment than BBDO?

The table below lists investments that beat BBDO over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among BBDO's popular alternatives, ITUB, BAP and CIB earned more than BBDO with less volatility over the past 5 years. ITUB returned 26.3% a year at 33.8% volatility, against 9.9% a year at 43.1%.
- Looking beyond its popular alternatives, RY (banks) and MUFG (banks) earned more than BBDO with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against 9.9% a year at 43.1%.
- Across the whole market, 827 of the 3,633 stocks and funds worth at least $500 million earned more than BBDO with less volatility over the past 5 years, among them AAPL, GOOG and MSFT.

The 15 strongest of 827 investments that beat BBDO over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with BBDO | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BBDO: Banco Bradesco S.A. (this page) |  | +9.9% | 43.1% | 0.44 | −76.5% | −21.0% |  |  |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | Software | +12.5% | 28.2% | 0.56 | −37.1% | +946% | 0.04 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [TSM](https://easycompare.io/research/tsm): Taiwan Semiconductor Manufacturing Company Limited | Semiconductors | +31.5% | 38.5% | 0.91 | −56.6% | +1,505% | 0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [LLY](https://easycompare.io/research/lly): Eli Lilly and Company | Pharmaceuticals | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | 0.01 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [XOM](https://easycompare.io/research/xom): Exxonmobil Holdings Corporation | Integrated Oil & Gas | +27.1% | 26.5% | 1.04 | −61.0% | +214% | 0.27 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ITUB](https://easycompare.io/research/itub): Itaú Unibanco Holding S.A. | Banks | +26.3% | 33.8% | 0.86 | −62.1% | +190% | 0.88 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| BAP: Credicorp Ltd. | Banks | +30.8% | 30.3% | 1.04 | −59.2% | +298% | 0.46 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.37 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [KO](https://easycompare.io/research/ko): The Coca-Cola Company | Food & Beverages | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.19 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CVX](https://easycompare.io/research/cvx): Chevron Corporation | Integrated Oil & Gas | +19.5% | 25.2% | 0.84 | −55.8% | +238% | 0.25 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CSCO](https://easycompare.io/research/csco): Cisco Systems, Inc. | Communications Equipment | +16.8% | 26.1% | 0.73 | −42.0% | +374% | -0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [SHEL](https://easycompare.io/research/shel): Shell plc | Integrated Oil & Gas | +21.0% | 24.8% | 0.90 | −67.2% | +233% | 0.33 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MCK](https://easycompare.io/research/mck): McKesson Corporation | Health Care Distribution | +38.7% | 25.0% | 1.44 | −38.1% | +586% | 0.15 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MRK](https://easycompare.io/research/mrk): Merck & Co., Inc. | Pharmaceuticals | +16.3% | 24.8% | 0.74 | −43.4% | +241% | 0.05 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| INSW: International Seaways, Inc. | Oil & Gas | +56.5% | 40.5% | 1.31 | −57.4% | — | 0.16 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## BBDO against its popular alternatives

The investments people most often weigh against BBDO, compared period by period and year by year.

### How do BBDO's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Nine of the 18 popular alternatives, led by CIB, SAN and BLX, were both more rewarding and calmer than BBDO over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, BBDO returned 9.9% a year, less than the S&P 500's 12.7%, with higher volatility (43.1% against 17.1%).

### Has BBDO consistently beaten its popular alternatives?

This section compares BBDO with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Two of the 20 popular alternatives, CIB and BAP, outperformed BBDO in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- BLX, BAP and CIB earned more for the risk they took than BBDO (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
- SAN outperformed BBDO over all three long-term periods but in only one of the five short-term ones, so BBDO has had the better of it lately.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of BBDO | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| BBDO: Banco Bradesco S.A. (this page) | +37.2% | +94.2% | +60.4% | −21.0% |  |  | 0.44 |
| CIB: Grupo Cibest S.A. | +81.1% | +398% | +314% | +345% | 3/5 short-term, 3/3 long-term | consistent | 1.03 |
| BAP: Credicorp Ltd. | +61.4% | +275% | +283% | +298% | 3/5 short-term, 3/3 long-term | consistent | 1.04 |
| [ITUB](https://easycompare.io/research/itub): Itaú Unibanco Holding S.A. | +46.3% | +147% | +221% | +190% | 2/5 short-term, 3/3 long-term |  | 0.86 |
| [SAN](https://easycompare.io/research/san): Banco Santander, S.A. | +35.9% | +305% | +295% | +332% | 1/5 short-term, 3/3 long-term |  | 0.99 |
| BLX: Bladex, Inc. | +29.9% | +201% | +292% | +290% | 0/5 short-term, 3/3 long-term |  | 1.19 |
| BCH: Banco de Chile | +25.2% | +138% | +208% | +180% | 0/5 short-term, 3/3 long-term |  | 0.94 |
| BSAC: Banco Santander-Chile | +24.0% | +124% | +144% | +154% | 0/5 short-term, 3/3 long-term |  | 0.76 |
| GGAL: Grupo Financiero Galicia S.A. | +14.1% | +254% | +288% | +48.4% | 0/5 short-term, 3/3 long-term |  | 0.75 |
| BMA: Banco Macro S.A. | +25.7% | +297% | +360% | +14.9% | 0/5 short-term, 3/3 long-term |  | 0.81 |
| BBAR: Banco BBVA Argentina S.A. | +35.7% | +283% | +309% | −13.5% | 0/5 short-term, 3/3 long-term |  | 0.75 |
| EWZ: iShares MSCI Brazil ETF | +48.5% | +70.8% | +100% | +90.3% | 2/5 short-term, 2/3 long-term |  | 0.64 |
| [BBD](https://easycompare.io/research/bbd): Banco Bradesco S.A. | +31.6% | +90.7% | +69.3% | +35.5% | 1/5 short-term, 2/3 long-term |  | 0.47 |
| AVAL: Grupo Aval Acciones y Valores S.A. | +34.4% | +138% | +51.7% | +34.8% | 0/5 short-term, 2/3 long-term |  | 0.40 |
| SUPV: Grupo Supervielle S.A. | +16.3% | +274% | +194% | −48.9% | 0/5 short-term, 2/3 long-term |  | 0.65 |
| [BSBR](https://easycompare.io/research/bsbr): Banco Santander (Brasil) S.A. | +6.6% | +18.6% | −2.6% | −1.2% | 0/5 short-term, 1/3 long-term |  | 0.16 |
| XP: XP Inc. | +83.7% | +64.5% | −0.9% | — | 5/5 short-term, 0/3 long-term |  | 0.25 |
| PAGS: PagSeguro Digital Ltd. | +38.4% | +73.1% | −66.9% | — | 4/5 short-term, 0/3 long-term |  | -0.07 |
| INTR: Inter & Co, Inc. | −21.3% | +80.1% | — | — | 2/5 short-term, 0/3 long-term |  | — |
| STNE: StoneCo Ltd. | −21.7% | +46.8% | −63.0% | — | 1/5 short-term, 0/3 long-term |  | 0.02 |
| [NU](https://easycompare.io/research/nu): Nu Holdings Ltd. | −2.1% | +84.7% | — | — | 0/5 short-term, 0/3 long-term |  | — |

### How did BBDO do year by year?

This table shows each investment's total return in every full calendar year since 2013, along with where BBDO ranked among its popular alternatives each year.

- Ranked against its popular alternatives each year, BBDO finished in the top quarter in one of 13 years and in the bottom quarter in five. In 2025, it ranked 7 of 21.
- BBDO finished ahead of the S&P 500 in five of its 13 full calendar years.
- Among its popular alternatives, CIB came out ahead of BBDO most often, in ten of the 13 years both traded.

| Year | BBDO | SPY |
| --- | --- | --- |
| 2025 | +79.3% | +17.7% |
| 2024 | −40.2% | +24.9% |
| 2023 | +37.2% | +26.2% |
| 2022 | −8.5% | −18.2% |
| 2021 | −34.6% | +28.7% |
| 2020 | −45.6% | +18.3% |
| 2019 | +25.7% | +31.2% |
| 2018 | −3.0% | −4.6% |
| 2017 | +8.7% | +21.7% |
| 2016 | +81.6% | +12.0% |

## Risk and diversification

How BBDO has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were BBDO's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of BBDO's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: BBDO fell 76.8% from September 2014 to December 2024, while the S&P 500 rose 250%.
- The longest climb back to a previous high took 12 months, after BBDO fell 37.9% from April to August 2013.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −76.8% | September 3, 2014 | December 18, 2024 | not yet | +250% | 2022 bear market |
| −37.9% | April 10, 2013 | August 21, 2013 | August 28, 2014 | +4.3% |  |
| −27.5% | March 16, 2012 | May 18, 2012 | December 3, 2012 | −7.5% |  |
| −9.5% | December 26, 2012 | December 31, 2012 | January 3, 2013 | +0.5% |  |
| −7.7% | December 13, 2012 | December 18, 2012 | December 21, 2012 | +1.9% |  |

### How did BBDO do in stock market crashes?

This section measures how far BBDO, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- BBDO fell further than the S&P 500 in five of the six crashes it has traded through. The clearest case was the 2015 China and oil sell-off, when BBDO fell 44.1% and the S&P 500 fell 12.8%.
- Among its popular alternatives, BAP held up best, falling less than BBDO in all six crashes they both traded through.
- BBDO began trading after the 2008 financial crisis, but 12 of its popular alternatives lived through it. The mildest fall among them was BSAC's 48.4%, against 55.2% for the S&P 500.

| Crash | Dates | BBDO fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | not trading | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | not trading | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | not trading | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −44.1% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −8.8% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −9.3% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −55.6% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −36.3% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −6.8% | −3.4% |

### How closely does BBDO move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- 14 of the 15 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than BBDO's 0.43, led by BCH, ITUB and SAN.
- BCH took just 19% of the S&P 500's losses, against 125% for BBDO, while still keeping 45% of its gains.
- Over the past 10 years, BBDO captured 54% of the S&P 500's gains in rising months and 125% of its losses in falling months, with a beta of 0.84. Its share of the market's losses was larger than its share of the gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| BBDO: Banco Bradesco S.A. (this page) | 54.0% | 125% | 0.84 |
| CIB: Grupo Cibest S.A. | 119% | 133% | 0.99 |
| BAP: Credicorp Ltd. | 88.0% | 82.0% | 0.88 |
| [ITUB](https://easycompare.io/research/itub): Itaú Unibanco Holding S.A. | 66.0% | 58.0% | 0.65 |
| [SAN](https://easycompare.io/research/san): Banco Santander, S.A. | 101% | 92.0% | 1.02 |
| BLX: Bladex, Inc. | 91.0% | 90.0% | 1.07 |
| BCH: Banco de Chile | 45.0% | 19.0% | 0.36 |
| BSAC: Banco Santander-Chile | 66.0% | 65.0% | 0.66 |
| GGAL: Grupo Financiero Galicia S.A. | 140% | 234% | 1.52 |
| BMA: Banco Macro S.A. | 113% | 202% | 1.36 |
| BBAR: Banco BBVA Argentina S.A. | 98.0% | 191% | 1.14 |
| EWZ: iShares MSCI Brazil ETF | 69.0% | 95.0% | 0.83 |
| [BBD](https://easycompare.io/research/bbd): Banco Bradesco S.A. | 62.0% | 103% | 0.72 |
| AVAL: Grupo Aval Acciones y Valores S.A. | 89.0% | 156% | 1.03 |
| SUPV: Grupo Supervielle S.A. | 95.0% | 224% | 1.51 |
| [BSBR](https://easycompare.io/research/bsbr): Banco Santander (Brasil) S.A. | 56.0% | 102% | 0.74 |

### What diversifies BBDO?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in BBDO into DXJ would have cut the portfolio's volatility by 19% over the past 5 years and raised its annual return (+6.0% for BBDO alone, +11.3% for the mix).
- DXJ made money in six of the seven calendar years in which BBDO lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of BBDO over the past 5 years, with correlations of 0.32 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with BBDO | 5Y return | Volatility | Sharpe | Rose in BBDO's 7 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.32 | +119% | 11.1% | 1.48 | 3 of 7 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.08 | +225% | 19.1% | 1.34 | 6 of 7 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.28 | +101% | 14.5% | 1.04 | 4 of 7 |
| HDV: iShares Core High Dividend ETF | 0.35 | +83.3% | 13.0% | 1.00 | 4 of 7 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.08 | +323% | 36.9% | 0.97 | 4 of 7 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.19 | +85.0% | 13.8% | 0.96 | 5 of 7 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.17 | +126% | 18.9% | 0.96 | 2 of 7 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.11 | +136% | 20.8% | 0.93 | 3 of 7 |

## Common questions

### What was BBDO's worst drawdown?

BBDO's deepest decline since it began trading in 2012 was 76.8%, from September 2014 to December 2024. It has not yet climbed back to that peak. Because BBDO launched in March 2012, that record does not include the dot-com bust, the 2008 financial crisis or two other sell-offs.

### What were BBDO's best and worst years?

Over 13 full calendar years, BBDO's best year was 2016, when it returned 81.6%. Its worst was 2015, with a return of -49.0%.

### Is there a better investment than BBDO?

Among BBDO's popular alternatives, ITUB, BAP and CIB earned more than BBDO with less volatility over the past 5 years. ITUB returned 26.3% a year at 33.8% volatility, against 9.9% a year at 43.1%. Looking beyond its popular alternatives, RY (banks) and MUFG (banks) earned more than BBDO with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against 9.9% a year at 43.1%.

### Is BBDO more volatile than the S&P 500?

Yes. BBDO's volatility over the past 5 years was 43.1%, 2.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BBDO's return lands within 43.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is BBDO's Sharpe ratio?

BBDO's Sharpe ratio over the past 5 years was 0.44, against 0.79 for the S&P 500, so BBDO earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is BBDO with the S&P 500?

Over the past 5 years, BBDO's monthly returns had a correlation of 0.22 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against BBDO instead: the lower it is, the more that option would diversify a BBDO holding.

### What are the best alternatives to BBDO?

Of the 20 popular alternatives we compared, two outperformed BBDO in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: CIB and BAP.

### Did BBDO outperform the S&P 500?

BBDO finished ahead of the S&P 500 (SPY) in five of 13 full calendar years. In 2025, it returned +79.3%, against +17.7% for the index.

### How did BBDO do in stock market crashes?

BBDO fell less than the S&P 500 (SPY) in one of the six major crashes it has traded through, and further in five. The clearest case was the 2015 China and oil sell-off, when BBDO fell 44.1% and the S&P 500 fell 12.8%.

### What diversifies BBDO?

These had a low correlation with BBDO over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.32), DXJ (correlation 0.08) and EMLP (correlation 0.28); among large stocks, CAH (correlation 0.26), CLS (correlation 0.09) and FIX (correlation 0.08). A correlation near zero means the two have moved largely independently.

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## Explore further

- Full page with charts: https://easycompare.io/research/bbdo
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against BBDO live: https://betterthanspy.com/?b=BBDO&utm_source=easycompare&utm_medium=research