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Financial Risk Comparison
🇪🇸 Spain vs 🇵🇹 Portugal
SIGMA Engine Systemic Risk Analysis · 2026
🇪🇸
Spain
60.1
accumulation
Kairos 28.8d·EU
🇵🇹
Portugal
59.0
accumulation
Kairos 29.8d·EU
SIGMA Verdict
Portugal presents lower systemic risk at SIGMA 59.0 vs Spain at 60.1 — a 1.1-point spread. Spain's primary risk driver is Political Risk. The Kairos temporal window suggests Spain has the more immediate risk horizon.
Risk Dimensions
🇪🇸 Spain
🇵🇹 Portugal
Sovereign/Fiscaltied
58
58
Banking Stresssafer →
55
52
Currency Risksafer →
33
32
Political Risksafer →
62
48
Contagion Risksafer →
62
58
🇪🇸 Spain
Biggest Risk
Political Risk
62/100
Strongest Shield
Currency Risk
33/100
🇵🇹 Portugal
Biggest Risk
Sovereign/Fiscal
58/100
Strongest Shield
Currency Risk
32/100
Frequently Asked
Is Spain safer than Portugal for institutional investors?
Based on SIGMA Engine v5.0 analysis, Portugal shows lower systemic risk at 59.0/100. However, risk profiles differ: Spain has strongest exposure in Political Risk while Portugal is most stressed in Sovereign/Fiscal.
What drives the SIGMA score difference between Spain and Portugal?
The 1.1-point SIGMA spread reflects divergent risk trajectories. Spain's elevated regime is driven by Political Risk pressure at 62/100.
Related Comparisons
Full Spain–Portugal analysis: entity-level SIGMA, contagion paths, Phantom scenarios.
Daily brief · Kairos window · Early warning signals
Access Full Comparison →