BAP vs IFS: Correlation
Credicorp Ltd. (BAP) and Intercorp Financial Services Inc. (IFS) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAP and IFS?
On 3 years of weekly data the BAP/IFS correlation comes out at 0.67, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 538.6 %².
In BAP's tracked universe of 11 assets, IFS sits right near the top at #1. On 12-month performance BAP holds a 11.7-point edge, +54.9% against +43.2%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BAP vs IFS: side by side
| BAP (Credicorp Ltd.) | IFS (Intercorp Financial Services Inc.) | |
|---|---|---|
| 1-year return | +54.9% | +43.2% |
| 5-year return | +370.8% | +212.7% |
| Volatility (ann.) | 26.1% | 30.7% |
| Beta vs S&P 500 | 0.55 | 0.52 |
| Max drawdown (3Y) | -20.0% | -26.8% |
| Market cap | $29.6B | $6.0B |
| P/E (trailing) | 14.1 | 10.0 |
| Dividend yield | 13.07% | 11.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAP | IFS |
|---|---|---|
| 2022 | +14.6% | -5.4% |
| 2023 | +16.3% | -1.5% |
| 2024 | +31.4% | +39.9% |
| 2025 | +65.4% | +49.0% |
| 2026 | +36.2% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAP and IFS good diversifiers for each other?
Only partially. A correlation of 0.67 means BAP and IFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BAP and IFS?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.77 over the last year and 0.64 over 5 years.
Is IFS a good diversifier for BAP?
Only partially. A correlation of 0.67 means BAP and IFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bap-vs-ifs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bap-vs-ifs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAP correlations · IFS correlations
