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How Did CorpBanca Perform Compared to Peers and ETFs?

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CorpBanca and its peers

In this article, we’ll compare CorpBanca (BCA) to its industry peers. The PE (price-to-earnings) ratios of CorpBanca, Itau Unibanco (ITUB), Banco de Chile (BCH), Banco Santander Chile (BSAC), and BanColombia (CIB) are 8.9x, 6.0x, 12.6x, 11.6x, and 10.7x, respectively.

The PBV (price-to-book value) ratios of CorpBanca, Itau Unibanco, Banco de Chile, Banco Santander Chile, and BanColombia are 1.8x, 1.5x, 2.5x, 2.3x, and 1.3x, respectively. So, peers outperformed CorpBanca based on PE.

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ETFs that invest in CorpBanca

The Guggenheim MSCI Emerging Markets Equal Country Weight ETF (EWEM) invests 0.16% of its holdings in CorpBanca.

The SPDR MSCI Emerging Markets Quality Mix ETF (QEMM) invests 0.13% of its holdings in CorpBanca. The ETF tracks an index of emerging market securities that are equally weighted between the three subindexes of value, minimum volatility, and quality.

The iShares MSCI Emerging Markets ETF (EEM) invests 0.05% of its holdings in CorpBanca. The ETF tracks an index of firms in emerging markets.

CorpBanca and its ETFs

Here, let’s look at CorpBanca and compare it to its ETFs:

  • The year-to-date price movements of CorpBanca, EWEM, QEMM, and EEM are -26.2%, -14.9%, -11.2%, and -11.7%, respectively.
  • The PE ratios of CorpBanca, EWEM, QEMM, and EEM are 8.9x, 14.2x, 8.7x, and 7.8x, respectively.
  • The PBV ratios of CorpBanca, EWEM, QEMM, and EEM are 1.8x, 1.4x, 1.3x, and 1.2x, respectively.

According to these findings, ETFs are ahead of CorpBanca based on price movement. However, CorpBanca outperformed its ETFs based on PE and PBV.

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