BMA vs BTG

Comparison between Banco Macro S.A. (BMA, Company) and B2gold Corp (BTG, Company).

BMA is from the Financial Services sector, while BTG is from the Basic Materials sector.

5-Year PerformanceBMA has outperformed BTG, delivering a return of +55.8% compared to +3.1%

BMA vs BTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BMA(COMPANY)	BTG(COMPANY)
Market Cap	$5.73B	$5.73B
Max Drawdown	92.62%	85.97%
Sharpe Ratio	0.76	0.38
5Y Beta	1.57	0.82
Industry	Banks - Regional	Gold
P/E Ratio	24.37	10.76
Forward P/E	3.10	4.92
PEG Ratio	0.47	4.71
Dividend Yield	5.64%	1.96%
5Y Dividends CAGR	N/A	-6.51%
5Y EPS CAGR	-58.90%	-10.26%
Debt to Equity	N/A	14.16%
Free Cash Flow Yield	-5.68%	7.40%
P/S Ratio	0.00	1.38
P/B Ratio	1.45	1.39

Market Cap

Winner

BMA

$5.73B

BTG

$5.73B

Max Drawdown

BMA

92.62%

Winner

BTG

85.97%

Sharpe Ratio

Winner

BMA

0.76

BTG

0.38

5Y Beta

BMA

1.57

Winner

BTG

0.82

Industry

BMA

Banks - Regional

BTG

Gold

P/E Ratio

BMA

24.37

Winner

BTG

10.76

Forward P/E

Winner

BMA

3.10

BTG

4.92

PEG Ratio

Winner

BMA

0.47

BTG

4.71

Dividend Yield

Winner

BMA

5.64%

BTG

1.96%

5Y Dividends CAGR

BMA

N/A

BTG

-6.51%

5Y EPS CAGR

BMA

-58.90%

Winner

BTG

-10.26%

Debt to Equity

BMA

N/A

BTG

14.16%

Free Cash Flow Yield

BMA

-5.68%

Winner

BTG

7.40%

P/S Ratio

Winner

BMA

0.00

BTG

1.38

P/B Ratio

BMA

1.45

Winner

BTG

1.39

BMA vs BTG - Historical Returns

Returns include dividend reinvestment.

Period	BMA	BTG
1 month	+9.83%	-4.46%
3 months	+24.39%	-16.56%
6 months	+4.70%	-10.18%
1 year	+48.49%	+8.87%
5 years(CAGR)	+55.79%	+3.08%
10 years(CAGR)	+6.83%	+5.96%
Max(CAGR)	+11.10%	+7.16%

Winner

BMA

+9.83%

BTG

-4.46%

Winner

BMA

+24.39%

BTG

-16.56%

Winner

BMA

+4.70%

BTG

-10.18%

Winner

BMA

+48.49%

BTG

+8.87%

5Y(CAGR)

Winner

BMA

+55.79%

BTG

+3.08%

10Y(CAGR)

Winner

BMA

+6.83%

BTG

+5.96%

Max(CAGR)

Winner

BMA

+11.10%

BTG

+7.16%

BMA vs BTG - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	BMA	BTG
2026	+7.21%	-11.77%
2025	-14.47%	+78.02%
2024	+286.66%	-17.05%
2023	+98.94%	-9.96%
2022	+24.78%	-2.86%
2021	-4.10%	-30.96%
2020	-57.18%	+45.22%
2019	-13.37%	+38.18%
2018	-61.04%	-4.89%
2017	+66.78%	+22.53%
2016	+12.32%	+130.10%
2015	+39.04%	-41.04%
2014	+104.57%	-24.30%
2013	+27.40%	-46.37%
2012	-11.21%	+15.17%
2011	-59.83%	+15.86%
2010	+73.15%	+122.79%
2009	+151.68%	+224.08%
2008	-52.98%	-75.00%
2007	-21.87%	N/A
2006	+39.32%	N/A

BMA vs BTG Drawdown Comparison

The maximum drawdown for BMA was -91.65%, occurring on Jul 21, 2022. Recovery took 1798 trading sessions.

The maximum drawdown for BTG was -85.97%, occurring on Jan 25, 2016. Recovery took 1982 trading sessions.

The current BMA drawdown is -14.92%. The current BTG drawdown is -36.07%.

Rank	BMA	BTG
#1	-91.65% Oct 23, 2017 - Dec 16, 2024	-85.97% Apr 2, 2012 - Feb 19, 2020
#2	-81.41% Feb 13, 2007 - Jul 20, 2010	-83.33% Jun 24, 2008 - Apr 9, 2010
#3	-77.47% Dec 10, 2010 - Feb 12, 2015	-63.35% Aug 5, 2020 - Oct 16, 2025
#4	-65.39% Jan 7, 2025 - Sep 19, 2025	-43.30% Feb 24, 2020 - Apr 22, 2020
#5	-43.92% Mar 17, 2015 - Nov 20, 2015	-39.24% Feb 26, 2026 - Jun 30, 2026
#6	-23.18% Nov 20, 2015 - Feb 18, 2016	-36.51% Sep 16, 2011 - Mar 12, 2012
#7	-22.89% Oct 19, 2016 - Feb 9, 2017	-36.20% Oct 16, 2025 - Feb 24, 2026
#8	-21.80% May 10, 2006 - Nov 8, 2006	-27.99% Jun 18, 2010 - Sep 20, 2010
#9	-19.36% Feb 25, 2016 - Apr 19, 2016	-26.15% May 12, 2010 - Jun 18, 2010
#10	-18.55% Apr 19, 2016 - Jun 17, 2016	-20.69% Jun 10, 2011 - Aug 12, 2011
#11	-12.09% Jun 5, 2017 - Aug 14, 2017	-20.05% Apr 14, 2011 - Jun 7, 2011
#12	-10.90% Aug 25, 2016 - Oct 19, 2016	-18.35% Dec 13, 2010 - Mar 1, 2011
#13	-10.85% Dec 16, 2024 - Jan 2, 2025	-14.12% Nov 8, 2010 - Dec 1, 2010
#14	-10.66% Jun 20, 2016 - Jul 13, 2016	-13.46% Aug 16, 2011 - Sep 1, 2011
#15	-10.56% Aug 10, 2010 - Sep 14, 2010	-12.67% Apr 14, 2010 - May 11, 2010

Correlation

Correlation between BMA and BTG is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.

0.20

-101

Dividend Comparison (2006 - 2026)

BMA vs BTG dividend yield comparison.

Year	BMA	BTG
2026	3.46%	1.02%
2025	2.38%	1.77%
2024	6.10%	6.56%
2023	7.75%	5.06%
2022	7.28%	4.48%
2021	0.00%	4.07%
2020	0.00%	1.96%
2019	6.20%	0.25%
2018	5.05%	0.00%
2017	0.65%	0.00%
2016	1.53%	0.00%
2014	7.15%	0.00%
2011	10.67%	0.00%
2010	1.77%	0.00%
2009	2.18%	0.00%
2008	7.34%	0.00%
2007	1.96%	0.00%
2006	1.99%	0.00%