BSAC vs IFS: Correlation
Banco Santander - Chile (BSAC) and Intercorp Financial Services Inc. (IFS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSAC and IFS?
On 3 years of weekly data the BSAC/IFS correlation comes out at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.50 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 395.4 %².
Within BSAC's tracked universe of 15 assets, IFS comes in at #7 by 3-year correlation. Over the last 12 months BSAC came out ahead by 11.3 percentage points (+54.5% 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.
BSAC vs IFS: side by side
| BSAC (Banco Santander - Chile) | IFS (Intercorp Financial Services Inc.) | |
|---|---|---|
| 1-year return | +54.5% | +43.2% |
| 5-year return | +119.0% | +212.7% |
| Volatility (ann.) | 25.9% | 30.7% |
| Beta vs S&P 500 | 0.63 | 0.52 |
| Max drawdown (3Y) | -18.4% | -26.8% |
| Market cap | $16.4B | $6.0B |
| P/E (trailing) | 13.4 | 10.0 |
| Dividend yield | 0.00% | 11.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSAC | IFS |
|---|---|---|
| 2022 | +3.0% | -5.4% |
| 2023 | +31.7% | -1.5% |
| 2024 | +0.9% | +39.9% |
| 2025 | +74.3% | +49.0% |
| 2026 | +17.7% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSAC and IFS good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BSAC and IFS?
The BSAC/IFS correlation stands at 0.50 on a 3-year window (1 year: 0.67, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is IFS a good diversifier for BSAC?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/bsac-vs-ifs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsac-vs-ifs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSAC correlations · IFS correlations
