BCH vs BSAC: Correlation
Measured on weekly returns over the past three years, Banco De Chile (BCH) and Banco Santander - Chile (BSAC) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCH and BSAC?
Over the past 3 years, BCH and BSAC moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.89 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 567.6 %².
In BCH's tracked universe of 15 assets, BSAC sits right near the top at #1. Twelve-month performance is nearly a tie, at +55.4% for BCH and +54.5% for BSAC.
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.
BCH vs BSAC: side by side
| BCH (Banco De Chile) | BSAC (Banco Santander - Chile) | |
|---|---|---|
| 1-year return | +55.4% | +54.5% |
| 5-year return | +219.8% | +119.0% |
| Volatility (ann.) | 24.6% | 25.9% |
| Beta vs S&P 500 | 0.63 | 0.63 |
| Max drawdown (3Y) | -20.0% | -18.4% |
| Market cap | $21.0B | $16.4B |
| P/E (trailing) | 15.8 | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCH | BSAC |
|---|---|---|
| 2022 | +41.2% | +3.0% |
| 2023 | +23.4% | +31.7% |
| 2024 | +6.1% | +0.9% |
| 2025 | +81.2% | +74.3% |
| 2026 | +16.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and BSAC good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BCH and BSAC?
As of 2026-08-27, the correlation of weekly returns between BCH and BSAC is 0.89 over 3 years, 0.89 over 1 year and 0.85 over 5 years.
Is BSAC a good diversifier for BCH?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bch-vs-bsac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bch-vs-bsac/)
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Related comparisons
Hubs: BCH correlations · BSAC correlations
