CALM vs. SAN
CALM (Cal-Maine Foods, Inc.) and SAN (Banco Santander, S.A.) are both stocks. CALM operates in Farm Products (Consumer Defensive), while SAN operates in Banks - Diversified (Financial Services). Over the past 10 years, CALM returned 9.71%/yr vs 16.53%/yr for SAN. At a 0.17 correlation, their price movements are largely independent.
Performance
CALM vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, CALM achieves a -1.01% return, which is significantly lower than SAN's 16.51% return. Over the past 10 years, CALM has underperformed SAN with an annualized return of 9.71%, while SAN has yielded a comparatively higher 16.53% annualized return.
CALM
- 1D
- -0.73%
- 1M
- -0.68%
- YTD
- -1.01%
- 6M
- -8.09%
- 1Y
- -20.64%
- 3Y*
- 24.07%
- 5Y*
- 22.74%
- 10Y*
- 9.71%
SAN
- 1D
- 1.28%
- 1M
- 9.05%
- YTD
- 16.51%
- 6M
- 16.81%
- 1Y
- 72.42%
- 3Y*
- 62.67%
- 5Y*
- 32.61%
- 10Y*
- 16.53%
CALM vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | -1.01% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
SAN Banco Santander, S.A. | 16.51% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
Correlation
The correlation between CALM and SAN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1996 | 0.17 |
The correlation between CALM and SAN shifts across timeframes, from 0.05 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CALM:
$3.69B
SAN:
$198.15B
CALM:
$14.48
SAN:
€1.06
CALM:
5.37
SAN:
11.08
CALM:
0.00
SAN:
0.58
CALM:
1.08
SAN:
2.40
CALM:
1.36
SAN:
1.63
CALM:
$3.46B
SAN:
€74.92B
CALM:
$1.17B
SAN:
€46.97B
CALM:
$1.05B
SAN:
€21.14B
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Return for Risk
CALM vs. SAN — Risk / Return Rank
CALM
SAN
CALM vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cal-Maine Foods, Inc. (CALM) 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.
| CALM | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 3.59 | -4.15 |
| Martin ratioReturn relative to average drawdown | -0.85 | 11.07 | -11.92 |
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Drawdowns
CALM vs. SAN - Drawdown Comparison
The maximum CALM drawdown since its inception was -74.08%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for CALM and SAN.
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Drawdown Indicators
| CALM | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -82.94% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -20.29% | -16.71% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -20.29% | -16.71% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -41.13% | +4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.12% | -73.84% | +34.72% |
Current DrawdownCurrent decline from peak | -31.50% | 0.00% | -31.50% |
Average DrawdownAverage peak-to-trough decline | -30.31% | -30.64% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.26% | 6.56% | +17.70% |
Volatility
CALM vs. SAN - Volatility Comparison
The current volatility for Cal-Maine Foods, Inc. (CALM) is 6.08%, while Banco Santander, S.A. (SAN) has a volatility of 10.69%. This indicates that CALM 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
| CALM | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 10.69% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 27.47% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.73% | 32.98% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.63% | 33.88% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.13% | 35.83% | -4.70% |
Dividends
CALM vs. SAN - Dividend Comparison
CALM's dividend yield for the trailing twelve months is around 6.18%, more than SAN's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.18% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
SAN Banco Santander, S.A. | 2.07% | 2.11% | 4.63% | 3.58% | 3.83% | 2.71% | 0.00% | 6.20% | 5.83% | 4.60% | 3.29% | 7.06% |
Financials
CALM vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Cal-Maine Foods, Inc. 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
CALM vs. SAN - Profitability Comparison
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
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%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
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%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
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
CALM and SAN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (10.69%) compared to CALM (6.08%). In terms of maximum drawdown, CALM dropped -74.08% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.21 vs -0.63), 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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