FRBA vs. SAN
FRBA (First Bank) and SAN (Banco Santander, S.A.) are both stocks. Both are in the Financial Services sector — FRBA in Banks - Regional, SAN in Banks - Diversified. Over the past 10 years, FRBA returned 10.30%/yr vs 18.20%/yr for SAN. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
FRBA vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, FRBA achieves a 13.84% return, which is significantly lower than SAN's 21.69% return. Over the past 10 years, FRBA has underperformed SAN with an annualized return of 10.30%, while SAN has yielded a comparatively higher 18.20% annualized return.
FRBA
- 1D
- 0.60%
- 1M
- 5.10%
- 6M
- 12.34%
- YTD
- 13.84%
- 1Y
- 28.99%
- 3Y*
- 16.04%
- 5Y*
- 8.71%
- 10Y*
- 10.30%
- ALL TIME*
- 3.70%
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) |
|---|---|---|---|
FRBA First Bank | $1.91M | $1.62M | $1.63M |
| $140.83M | $131.82M | $115.30M |
FRBA vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRBA First Bank | 13.84% | 18.84% | -2.59% | 9.07% | -3.61% | 56.47% | -13.84% | -7.82% | -11.70% | 20.15% |
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 FRBA and SAN is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007 | 0.17 |
The correlation between FRBA and SAN shifts across timeframes, from 0.17 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FRBA:
$465.74M
SAN:
$206.96B
FRBA:
$1.70
SAN:
€1.03
FRBA:
10.93
SAN:
11.91
FRBA:
1.25
SAN:
0.63
FRBA:
1.89
SAN:
2.08
FRBA:
1.03
SAN:
1.64
FRBA:
$245.79M
SAN:
€90.24B
FRBA:
$136.14M
SAN:
€47.15B
FRBA:
$59.45M
SAN:
€21.04B
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Return for Risk
FRBA vs. SAN — Risk / Return Rank
FRBA
SAN
FRBA vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Bank (FRBA) 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.
| FRBA | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.37 | -1.94 |
| Martin ratioReturn relative to average drawdown | 3.23 | 10.31 | -7.08 |
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Drawdowns
FRBA vs. SAN - Drawdown Comparison
The maximum FRBA drawdown since its inception was -79.09%, roughly equal to the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for FRBA and SAN.
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Drawdown Indicators
| FRBA | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.09% | -82.94% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -18.84% | -20.29% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.04% | -20.29% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -47.95% | -40.82% | -7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | -73.84% | +15.26% |
Current DrawdownCurrent decline from peak | -1.78% | -1.88% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -30.56% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.30% | 6.61% | +1.69% |
Volatility
FRBA vs. SAN - Volatility Comparison
The current volatility for First Bank (FRBA) is 7.98%, while Banco Santander, S.A. (SAN) has a volatility of 11.68%. This indicates that FRBA 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
| FRBA | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 11.68% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 18.20% | 28.90% | -10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.38% | 33.58% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 33.91% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.25% | 35.13% | +1.12% |
Dividends
FRBA vs. SAN - Dividend Comparison
FRBA's dividend yield for the trailing twelve months is around 1.62%, less than SAN's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRBA First Bank | 1.62% | 1.46% | 1.71% | 1.63% | 1.74% | 1.03% | 1.28% | 1.09% | 0.99% | 0.58% | 0.00% | 0.00% |
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
FRBA vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between First Bank 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
FRBA vs. SAN - Profitability Comparison
FRBA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Bank reported a gross profit of 34.72M and revenue of 59.42M. Therefore, the gross margin over that period was 58.4%.
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%.
FRBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Bank reported an operating income of 14.58M and revenue of 59.42M, resulting in an operating margin of 24.5%.
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%.
FRBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Bank reported a net income of 10.86M and revenue of 59.42M, resulting in a net margin of 18.3%.
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
FRBA and SAN have a correlation of 0.31, 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 FRBA (7.98%). In terms of maximum drawdown, FRBA dropped -79.09% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.04 vs 1.06), 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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