ASAZY vs. SAN
ASAZY (Assa Abloy AB) and SAN (Banco Santander, S.A.) are both stocks. ASAZY operates in Security & Protection Services (Industrials), while SAN operates in Banks - Diversified (Financial Services). Over the past 10 years, ASAZY returned 7.13%/yr vs 14.86%/yr for SAN. At a 0.46 correlation, their price movements are largely independent.
Performance
ASAZY vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, ASAZY achieves a -9.34% return, which is significantly lower than SAN's 4.95% return. Over the past 10 years, ASAZY has underperformed SAN with an annualized return of 7.13%, while SAN has yielded a comparatively higher 14.86% annualized return.
ASAZY
- 1D
- -1.64%
- 1M
- -7.71%
- YTD
- -9.34%
- 6M
- -7.72%
- 1Y
- 13.67%
- 3Y*
- 16.93%
- 5Y*
- 4.16%
- 10Y*
- 7.13%
SAN
- 1D
- -2.01%
- 1M
- 5.28%
- YTD
- 4.95%
- 6M
- 12.63%
- 1Y
- 57.67%
- 3Y*
- 58.16%
- 5Y*
- 28.04%
- 10Y*
- 14.86%
ASAZY vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASAZY Assa Abloy AB | -9.34% | 34.17% | 3.72% | 37.04% | -28.70% | 26.08% | 7.70% | 33.67% | -12.37% | 13.31% |
SAN Banco Santander, S.A. | 4.95% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
Correlation
The correlation between ASAZY and SAN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011 | 0.46 |
The correlation between ASAZY and SAN has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Fundamentals
ASAZY:
$38.54B
SAN:
$178.48B
ASAZY:
$7.10
SAN:
$1.06
ASAZY:
2.44
SAN:
11.45
ASAZY:
0.36
SAN:
0.60
ASAZY:
0.26
SAN:
2.48
ASAZY:
0.36
SAN:
1.68
ASAZY:
$149.66B
SAN:
$74.92B
ASAZY:
$64.78B
SAN:
$46.97B
ASAZY:
$30.50B
SAN:
$21.14B
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Return for Risk
ASAZY vs. SAN — Risk / Return Rank
ASAZY
SAN
ASAZY vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Assa Abloy AB (ASAZY) and Banco Santander, S.A. (SAN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ASAZY | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.86 | -2.25 |
| Martin ratioReturn relative to average drawdown | 1.72 | 8.88 | -7.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASAZY | SAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.76 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.84 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.42 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.23 | -0.13 |
Drawdowns
ASAZY vs. SAN - Drawdown Comparison
The maximum ASAZY drawdown since its inception was -73.52%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for ASAZY and SAN.
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Drawdown Indicators
| ASAZY | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.52% | -82.94% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -20.29% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -20.29% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -45.63% | -43.63% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.63% | -73.84% | +28.21% |
Current DrawdownCurrent decline from peak | -32.52% | -6.81% | -25.71% |
Average DrawdownAverage peak-to-trough decline | -42.24% | -30.68% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 6.51% | +1.44% |
Volatility
ASAZY vs. SAN - Volatility Comparison
The current volatility for Assa Abloy AB (ASAZY) is 7.98%, while Banco Santander, S.A. (SAN) has a volatility of 9.58%. This indicates that ASAZY experiences smaller price fluctuations and is considered to be less risky than SAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAZY | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 9.58% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 26.67% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 32.93% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.56% | 33.76% | -6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 35.85% | -8.29% |
Dividends
ASAZY vs. SAN - Dividend Comparison
ASAZY's dividend yield for the trailing twelve months is around 1.88%, less than SAN's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASAZY Assa Abloy AB | 1.88% | 1.53% | 1.78% | 1.54% | 1.94% | 1.50% | 1.67% | 1.61% | 2.31% | 1.65% | 1.84% | 3.64% |
SAN Banco Santander, S.A. | 2.30% | 2.11% | 4.63% | 3.58% | 3.83% | 2.71% | 0.00% | 6.20% | 5.83% | 4.60% | 3.29% | 7.06% |
Financials
ASAZY vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Assa Abloy AB and Banco Santander, S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ASAZY vs. SAN - Profitability Comparison
ASAZY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Assa Abloy AB reported a gross profit of 15.45B and revenue of 35.75B. Therefore, the gross margin over that period was 43.2%.
SAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported a gross profit of 12.95B and revenue of 31.44B. Therefore, the gross margin over that period was 41.2%.
ASAZY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Assa Abloy AB reported an operating income of 5.46B and revenue of 35.75B, resulting in an operating margin of 15.3%.
SAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported an operating income of 5.11B and revenue of 31.44B, resulting in an operating margin of 16.3%.
ASAZY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Assa Abloy AB reported a net income of 3.54B and revenue of 35.75B, resulting in a net margin of 9.9%.
SAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported a net income of 5.54B and revenue of 31.44B, resulting in a net margin of 17.6%.
Frequently Asked Questions
ASAZY and SAN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (9.58%) compared to ASAZY (7.98%). In terms of maximum drawdown, ASAZY dropped -73.52% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (1.76 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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