Colombia is quietly one of the world’s standout equity markets of 2026. The iCOLCAP ETF is up about 22% in pesos, Ecopetrol has gained 44%, and the Grupo Sura holding company is up more than 30%. Add a peso that has strengthened 16.6% against the dollar, and a dollar-based investor who bought Colombian stocks in January is up roughly 49%, far ahead of the S&P 500. This report ranks the 25 best-performing stocks on the Colombian Stock Exchange (BVC), reviews the market’s most-traded names, and shows what $200 invested on Jan. 1 would be worth today.
The top 25 Colombian stocks average +24.6% in pesos. Because the peso also rallied, $200 converted in January (about COP 754,700) and spread across them would be worth about COP 940,000, or roughly $299, a 49% gain in dollars. Oil (Ecopetrol), holding companies (Sura, Argos) and banks (Cibest, Davivienda) lead. Laggards include Nu’s BVC listing (−38.9%), PEI (−14.9%) and Celsia (−5.4%).
The 25 best-performing Colombian stocks of 2026
| # | Company | BVC ticker | Sector | 2026 YTD (COP) | COP 754,700 today | In USD |
|---|---|---|---|---|---|---|
| 1 | ETB * | ETB | Telecom | +160.2% | COP 1,963,800 | $624 |
| 2 | Ecopetrol | ECOPETROL | Oil | +44.0% | COP 1,086,800 | $345 |
| 3 | Grupo Sura (pref.) | PFGRUPSURA | Holding co. | +39.2% | COP 1,050,600 | $334 |
| 4 | Bolsa Mercantil * | BMC | Exchange | +37.8% | COP 1,040,000 | $331 |
| 5 | Grupo Sura | GRUPOSURA | Holding co. | +31.7% | COP 994,000 | $316 |
| 6 | Davivienda Group (pref.) | PFDAVIGRP | Banking | +29.8% | COP 979,600 | $311 |
| 7 | Mineros | MINEROS | Gold | +27.9% | COP 965,300 | $307 |
| 8 | Cibest | CIBEST | Banking | +27.7% | COP 963,800 | $306 |
| 9 | Cibest (pref.) | PFCIBEST | Banking | +25.4% | COP 946,400 | $301 |
| 10 | Valores Simesa * | VALSIMESA | Real estate | +24.4% | COP 938,900 | $298 |
| 11 | Grupo Argos (pref.) | PFGRUPOARG | Holding co. | +21.6% | COP 917,700 | $292 |
| 12 | Corferias * | CORFERIAS | Events | +20.0% | COP 905,700 | $288 |
| 13 | Grupo Argos | GRUPOARGOS | Holding co. | +16.1% | COP 876,200 | $279 |
| 14 | AV Villas * | VILLAS | Banking | +15.8% | COP 874,000 | $278 |
| 15 | Éxito | EXITO | Retail | +13.2% | COP 854,300 | $272 |
| 16 | Nutresa * | NUTRESA | Food | +12.4% | COP 848,300 | $270 |
| 17 | ISA | ISA | Power | +12.4% | COP 848,300 | $270 |
| 18 | Corficolombiana | CORFICOLCF | Financial | +12.4% | COP 848,300 | $270 |
| 19 | BVC | BVC | Exchange | +11.7% | COP 843,000 | $268 |
| 20 | BBVA Colombia * | BBVACOL | Banking | +10.1% | COP 830,900 | $264 |
| 21 | Conconcreto | CONCONCRET | Construction | +7.8% | COP 813,600 | $259 |
| 22 | Davivienda (pref.) * | PFDAVVNDA | Banking | +7.4% | COP 810,600 | $258 |
| 23 | Corficolombiana (pref.) | PFCORFICOL | Financial | +3.5% | COP 781,100 | $248 |
| 24 | Cementos Argos | CEMARGOS | Cement | +0.7% | COP 760,000 | $242 |
| 25 | Grupo Aval | GRUPOAVAL | Banking | +0.7% | COP 760,000 | $242 |
* Thinly traded: ETB, Bolsa Mercantil, Valores Simesa, Corferias, AV Villas, BBVA Colombia, Nutresa and Davivienda preferred see very few trades. Returns are real, but entering or exiting meaningful size can be difficult.
The charts and screeners behind our market coverage. Create a free account; if you later choose a paid plan you get a $15 discount.
Open TradingView → · Affiliate linkWhat $200 on Jan. 1 would be worth
Ecopetrol would have turned $200 into about $345; Grupo Sura into $316; Cibest, the parent of Bancolombia, into $306. The iCOLCAP ETF: about $292. For a dollar investor, the 2026 story is a double tailwind: rising stocks and a rising currency.
What drove the rally
- Oil: Brent near $115 lifted Ecopetrol 44% despite persistent governance concerns.
- Holding-company re-rating: Grupo Sura (+31.7%; preferred +39.2%) and Grupo Argos (+16.1%) benefited from simpler structures and a narrowing discount to the value of their portfolios.
- Banks: Cibest (+27.7%) and Davivienda Group (+29.8%) gained on high interest rates that support margins.
- Gold: Mineros (+27.9%) rode gold above $4,000 an ounce.
- Outlier: ETB (+160.2%) tops the table on minimal volume, a reminder to read thin-market moves cautiously.
Fundamentals, charts, valuation and side-by-side comparisons of stocks, ETFs and funds worldwide, including Colombian ADRs. There is a free plan to start.
Try Koyfin → · Affiliate linkHow the most-traded names performed
| Company | 2026 YTD (COP) | In USD terms |
|---|---|---|
| Ecopetrol | +44.0% | +72.7% |
| Cibest (Bancolombia) | +27.7% | +53.2% |
| Cibest (pref.) | +25.4% | +50.4% |
| Grupo Sura | +31.7% | +58.0% |
| ISA | +12.4% | +34.8% |
| Grupo Argos | +16.1% | +39.3% |
| GEB | +0.3% | +20.3% |
| Cementos Argos | +0.7% | +20.8% |
| Aval (pref.) | -1.2% | +18.6% |
| Terpel | -1.6% | +18.0% |
| Banco de Bogotá | -3.4% | +15.9% |
| Celsia | -5.4% | +13.5% |
| Promigas | -4.1% | +15.1% |
| PEI | -14.9% | +2.1% |
| Nu (BVC) | -38.9% | -26.6% |
| iCOLCAP (ETF) | +21.9% | +46.2% |
The split is sharp: Ecopetrol, Cibest and Grupo Sura deliver 25%–44%, while utilities Celsia and Promigas, Banco de Bogotá, Terpel and Grupo Aval’s preferred shares are negative in pesos (though most are positive in dollar terms thanks to the currency). Nu’s local listing is down 38.9%: brand familiarity is not a return driver.
Colombia vs. Wall Street in 2026
In dollar terms, Colombia has outperformed the S&P 500 by roughly three to four times this year. Compare with the 25 best-performing U.S. stocks of 2026.
Critical take: sustainable or a catch-up trade?
It started from deep value. Colombian equities spent years among the cheapest in Latin America. Much of 2026’s gain is a re-rating from distressed levels rather than proof of a structural turnaround.
Fiscal risk has not gone away. 10-year TES yields above 13% and a five-year CDS above Brazil’s signal real stress in public finances (see our TES guide). High local rates compete with equities.
Oil dependence cuts both ways. Ecopetrol carries significant index weight; a lower Brent removes the market’s biggest engine.
Currency gains can reverse. The peso’s 16.6% rally amplified dollar returns. A reversal would shrink them just as fast.
Liquidity is thin. Several top performers barely trade; foreign investors should expect wider spreads and slower execution.
Dividends are excluded. Ecopetrol, Cibest, ISA and GEB pay sizable dividends; total returns would be higher. See the Colombian dividend calendar 2026.
Bolsa al Día informs; we do not tell you what to buy. Past performance does not guarantee future results.
Frequently asked questions
What is the best-performing Colombian stock in 2026?
ETB, up about 160% through Oct. 27, 2026, though it is thinly traded. Among liquid names, Ecopetrol leads at +44%.
How much is the COLCAP up in 2026?
The iCOLCAP ETF, which tracks the index, is up about 21.9% in pesos year to date through Oct. 27, 2026.
What would $200 in Colombian stocks in January be worth?
About $299 for an equal-weight basket of the top 25, or about $292 in the iCOLCAP ETF, including the peso’s gain.
Has Colombia beaten the S&P 500 in 2026?
Yes. In dollar terms, the iCOLCAP is up roughly 46% versus about 12% for the S&P 500.
How can foreigners invest in Colombian stocks?
Through a local brokerage with a custodian and registered foreign-investment channels, through ADRs such as Ecopetrol (EC) on the NYSE, or via Latin America ETFs.
Related: Colombia stock market today · Colombian peso today · Leer en español
Data: TradingView, Oct. 27, 2026 close. Year-to-date price return excluding dividends and fees, local BVC listings. USD conversion uses USD/COP of about 3,774 at the start of the year (derived from TradingView’s YTD change) and 3,146 on Oct. 27. Updated Oct. 27, 2026.
Affiliate disclosure: some links on this page are affiliate links. If you sign up or subscribe through them, Bolsa al Día may earn a commission at no extra cost to you. This never affects our analysis. Learn more.
Leave a Reply