NU vs XP — which stock performed better?

Nu Holdings (NU) versus XP Inc (XP), Financial Services, on 2026-10-27.

Result

XP Inc (XP) performed better on 2026-10-27. NU moved -2.670%, XP moved -0.440%.

Why these two companies

Brazilian President Luiz Inacio Lula da Silva's come-from-behind runoff win, confirmed Sunday, October 25, 2026, triggered a historic rout in U.S.-listed Brazilian financial stocks on Monday, October 26, 2026, with digital bank Nu Holdings and brokerage XP Inc both sliding sharply as investors unwound bets on a market-friendly Bolsonaro administration. The two are direct rivals for Brazil's retail financial wallet, yet XP's decline was roughly double Nu's on the session, setting up a pointed question about which franchise is better positioned to absorb Brazil's renewed fiscal and currency uncertainty.

The research

Nu Holdings runs a popular digital bank across Brazil, Mexico and Colombia, offering no-fee accounts and credit cards through an app. XP Inc is a Brazilian brokerage and investment platform that helps everyday savers move money into stocks, funds and other investments instead of leaving it in a traditional bank account.

Both stocks plunged on Monday, October 26, 2026, after Brazil's president won a surprise re-election, because investors had bet on the opposite result and feared his economic policies could weigh on the financial sector. XP's shares dropped by a much bigger percentage than Nu's that day, showing how differently investors view the risk facing each company.

One reason to like Nu is its fast-growing customer base and strong profit growth across several countries, which some see as a cushion against Brazil-specific turmoil. One reason to like XP is that its much lower stock price relative to its earnings could mean the sell-off has made it unusually cheap if Brazil's political worries fade.

Something to keep in mind: both companies' fortunes are tied closely to Brazil's currency and interest rates, so more political or economic surprises out of Brazil could move either stock sharply again before the situation settles down.