BBAR vs TEO: Correlation
How closely do Banco BBVA Argentina S.A. (BBAR) and Telecom Argentina SA (TEO) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and TEO?
Across a 3-year window, the weekly returns of BBAR and TEO correlate at 0.69, strong. The past 12 months show a tighter link (0.80) than the 3-year average (0.69). Stretching to 5 years gives 0.67, with an annualized covariance of 2991.1 %².
Within BBAR's tracked universe of 17 assets, TEO comes in at #5 by 3-year correlation. The last year tells two different stories: TEO led by 33.2 percentage points, +20.6% for BBAR against +53.8% for TEO.
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.
BBAR vs TEO: side by side
| BBAR (Banco BBVA Argentina S.A.) | TEO (Telecom Argentina SA) | |
|---|---|---|
| 1-year return | +20.6% | +53.8% |
| 5-year return | +356.0% | +180.0% |
| Volatility (ann.) | 70.3% | 62.0% |
| Beta vs S&P 500 | 1.06 | 0.67 |
| Max drawdown (3Y) | -66.3% | -54.0% |
| Market cap | $3.0B | – |
| P/E (trailing) | 15.9 | 10.9 |
| Dividend yield | 0.00% | 102.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAR | TEO |
|---|---|---|
| 2022 | +34.6% | +14.3% |
| 2023 | +47.3% | +37.9% |
| 2024 | +315.7% | +79.3% |
| 2025 | -5.2% | -7.8% |
| 2026 | -17.7% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and TEO good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BBAR and TEO?
As of 2026-08-27, the correlation of weekly returns between BBAR and TEO is 0.69 over 3 years, 0.80 over 1 year and 0.67 over 5 years.
Is TEO a good diversifier for BBAR?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbar-vs-teo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbar-vs-teo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBAR correlations · TEO correlations
