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 7.33%/yr vs 18.20%/yr for SAN. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
ASAZY vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, ASAZY achieves a -3.34% return, which is significantly lower than SAN's 21.69% return. Over the past 10 years, ASAZY has underperformed SAN with an annualized return of 7.33%, while SAN has yielded a comparatively higher 18.20% annualized return.
ASAZY
- 1D
- 0.27%
- 1M
- 4.58%
- 6M
- -7.55%
- YTD
- -3.34%
- 1Y
- 14.36%
- 3Y*
- 17.99%
- 5Y*
- 4.77%
- 10Y*
- 7.33%
- ALL TIME*
- 3.44%
SAN
- 1D
- -0.07%
- 1M
- 1.08%
- 6M
- 11.95%
- YTD
- 21.69%
- 1Y
- 72.15%
- 3Y*
- 58.91%
- 5Y*
- 35.69%
- 10Y*
- 18.20%
- ALL TIME*
- 8.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ASAZY Assa Abloy AB | $3.92M | $8.86M | $8.42M |
| $140.83M | $131.82M | $115.30M |
ASAZY vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASAZY Assa Abloy AB | -3.34% | 34.17% | 3.72% | 37.04% | -28.70% | 26.08% | 7.70% | 33.67% | -12.37% | 13.31% |
SAN Banco Santander, S.A. | 21.69% | 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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 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:
$41.17B
SAN:
$206.96B
ASAZY:
SEK 7.37
SAN:
€1.03
ASAZY:
23.94
SAN:
11.91
ASAZY:
3.48
SAN:
0.63
ASAZY:
2.60
SAN:
2.08
ASAZY:
3.53
SAN:
1.64
ASAZY:
SEK 150.90B
SAN:
€90.24B
ASAZY:
SEK 65.35B
SAN:
€47.15B
ASAZY:
SEK 30.94B
SAN:
€21.04B
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASAZY | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.32 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.37 | -2.73 |
| Martin ratioReturn relative to average drawdown | 1.31 | 10.31 | -9.00 |
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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% | -40.82% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -45.63% | -73.84% | +28.21% |
Current DrawdownCurrent decline from peak | -28.04% | -1.88% | -26.16% |
Average DrawdownAverage peak-to-trough decline | -42.12% | -30.56% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.99% | 6.61% | +4.38% |
Volatility
ASAZY vs. SAN - Volatility Comparison
The current volatility for Assa Abloy AB (ASAZY) is 7.22%, while Banco Santander, S.A. (SAN) has a volatility of 11.68%. 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 | 7.22% | 11.68% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 28.90% | -8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.91% | 33.58% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 33.91% | -6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.36% | 35.13% | -7.77% |
Dividends
ASAZY vs. SAN - Dividend Comparison
ASAZY's dividend yield for the trailing twelve months is around 1.76%, less than SAN's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASAZY Assa Abloy AB | 1.76% | 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. | 1.98% | 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 Aug 2026, Assa Abloy AB reported a gross profit of 16.88B and revenue of 39.26B. Therefore, the gross margin over that period was 43.0%.
SAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Banco Santander, S.A. reported a gross profit of 13.41B and revenue of 33.48B. Therefore, the gross margin over that period was 40.1%.
ASAZY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Assa Abloy AB reported an operating income of 6.68B and revenue of 39.26B, resulting in an operating margin of 17.0%.
SAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Banco Santander, S.A. reported an operating income of 4.85B and revenue of 33.48B, resulting in an operating margin of 14.5%.
ASAZY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Assa Abloy AB reported a net income of 4.42B and revenue of 39.26B, resulting in a net margin of 11.3%.
SAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Banco Santander, S.A. reported a net income of 3.58B and revenue of 33.48B, resulting in a net margin of 10.7%.
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 (11.68%) compared to ASAZY (7.22%). In terms of maximum drawdown, ASAZY dropped -73.52% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.04 vs 0.58), 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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