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 10.59%/yr vs 18.37%/yr for SAN. At a 0.18 correlation, their price movements are largely independent.
Performance
FRBA vs. SAN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRBA achieves a 0.69% return, which is significantly lower than SAN's 18.32% return. Over the past 10 years, FRBA has underperformed SAN with an annualized return of 10.59%, while SAN has yielded a comparatively higher 18.37% annualized return.
FRBA
- 1D
- -1.68%
- 1M
- 5.81%
- YTD
- 0.69%
- 6M
- -3.25%
- 1Y
- 14.49%
- 3Y*
- 18.31%
- 5Y*
- 5.20%
- 10Y*
- 10.59%
SAN
- 1D
- 1.56%
- 1M
- 13.87%
- YTD
- 18.32%
- 6M
- 18.42%
- 1Y
- 73.38%
- 3Y*
- 66.25%
- 5Y*
- 32.96%
- 10Y*
- 18.37%
FRBA vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRBA First Bank | 0.69% | 18.84% | -2.59% | 9.07% | -3.61% | 56.47% | -13.84% | -7.82% | -11.70% | 20.15% |
SAN Banco Santander, S.A. | 18.32% | 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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007 | 0.18 |
The correlation between FRBA and SAN shifts across timeframes, from 0.18 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FRBA:
$413.02M
SAN:
$201.23B
FRBA:
$1.67
SAN:
€1.06
FRBA:
9.82
SAN:
11.25
FRBA:
1.13
SAN:
0.59
FRBA:
1.66
SAN:
2.44
FRBA:
0.92
SAN:
1.65
FRBA:
$248.24M
SAN:
€74.92B
FRBA:
$135.57M
SAN:
€46.97B
FRBA:
$57.11M
SAN:
€21.14B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.64 | -2.86 |
| Martin ratioReturn relative to average drawdown | 1.71 | 11.22 | -9.51 |
Loading charts...
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.
Loading charts...
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% | -41.13% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | -73.84% | +15.26% |
Current DrawdownCurrent decline from peak | -8.23% | 0.00% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -33.99% | -30.64% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 6.56% | +1.93% |
Volatility
FRBA vs. SAN - Volatility Comparison
The current volatility for First Bank (FRBA) is 6.96%, while Banco Santander, S.A. (SAN) has a volatility of 9.74%. 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.
Loading charts...
Volatility by Period
| FRBA | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 9.74% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 18.36% | 27.51% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.24% | 33.04% | -7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.59% | 33.90% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.32% | 35.79% | +0.53% |
Dividends
FRBA vs. SAN - Dividend Comparison
FRBA's dividend yield for the trailing twelve months is around 1.83%, less than SAN's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRBA First Bank | 1.83% | 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. | 2.04% | 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 Jun 2026, First Bank reported a gross profit of 30.84M and revenue of 58.24M. Therefore, the gross margin over that period was 53.0%.
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%.
FRBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Bank reported an operating income of 9.90M and revenue of 58.24M, 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 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%.
FRBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Bank reported a net income of 7.65M and revenue of 58.24M, resulting in a net margin of 13.1%.
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
FRBA and SAN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (9.74%) compared to FRBA (6.96%). In terms of maximum drawdown, FRBA dropped -79.09% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.24 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.
Find the right allocation for FRBA and SAN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer