MUFG vs. SAN
MUFG (Mitsubishi UFJ Financial Group, Inc.) and SAN (Banco Santander, S.A.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, MUFG returned 18.66%/yr vs 16.85%/yr for SAN. At a 0.43 correlation, their price movements are largely independent.
Performance
MUFG vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, MUFG achieves a 27.11% return, which is significantly higher than SAN's 11.07% return. Over the past 10 years, MUFG has outperformed SAN with an annualized return of 18.66%, while SAN has yielded a comparatively lower 16.85% annualized return.
MUFG
- 1D
- 0.40%
- 1M
- 8.33%
- YTD
- 27.11%
- 6M
- 25.92%
- 1Y
- 48.94%
- 3Y*
- 46.26%
- 5Y*
- 33.15%
- 10Y*
- 18.66%
SAN
- 1D
- 2.47%
- 1M
- 7.79%
- YTD
- 11.07%
- 6M
- 14.69%
- 1Y
- 63.16%
- 3Y*
- 60.71%
- 5Y*
- 29.56%
- 10Y*
- 16.85%
MUFG vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUFG Mitsubishi UFJ Financial Group, Inc. | 27.11% | 39.96% | 40.10% | 33.50% | 27.37% | 25.70% | -15.99% | 11.50% | -33.01% | 20.99% |
SAN Banco Santander, S.A. | 11.07% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
Correlation
The correlation between MUFG and SAN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2001 | 0.43 |
The correlation between MUFG and SAN has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.
Fundamentals
MUFG:
$225.50B
SAN:
$188.90B
MUFG:
¥214.15
SAN:
€1.06
MUFG:
15.08
SAN:
10.47
MUFG:
0.55
SAN:
0.55
MUFG:
2.78
SAN:
2.27
MUFG:
1.61
SAN:
1.54
MUFG:
¥13.21T
SAN:
€74.92B
MUFG:
¥7.24T
SAN:
€46.97B
MUFG:
¥3.34T
SAN:
€21.14B
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Return for Risk
MUFG vs. SAN — Risk / Return Rank
MUFG
SAN
MUFG vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi UFJ Financial Group, Inc. (MUFG) 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.
| MUFG | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.13 | -0.28 |
| Martin ratioReturn relative to average drawdown | 7.98 | 9.63 | -1.65 |
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Drawdowns
MUFG vs. SAN - Drawdown Comparison
The maximum MUFG drawdown since its inception was -76.75%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for MUFG and SAN.
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Drawdown Indicators
| MUFG | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -82.94% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -20.29% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -20.29% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -43.23% | +10.42% |
Max Drawdown (10Y)Largest decline over 10 years | -57.62% | -73.84% | +16.22% |
Current DrawdownCurrent decline from peak | 0.00% | -1.37% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -43.53% | -30.66% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 6.58% | -0.42% |
Volatility
MUFG vs. SAN - Volatility Comparison
The current volatility for Mitsubishi UFJ Financial Group, Inc. (MUFG) is 5.88%, while Banco Santander, S.A. (SAN) has a volatility of 10.68%. This indicates that MUFG 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
| MUFG | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 10.68% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 27.49% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.81% | 33.65% | -7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.04% | 33.89% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 35.85% | -8.00% |
Dividends
MUFG vs. SAN - Dividend Comparison
MUFG's dividend yield for the trailing twelve months is around 1.12%, less than SAN's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUFG Mitsubishi UFJ Financial Group, Inc. | 1.12% | 3.12% | 2.50% | 2.90% | 3.36% | 2.18% | 2.62% | 0.00% | 0.00% | 2.20% | 2.70% | 2.34% |
SAN Banco Santander, S.A. | 2.17% | 2.11% | 4.63% | 3.58% | 3.83% | 2.71% | 0.00% | 6.20% | 5.83% | 4.60% | 3.29% | 7.06% |
Financials
MUFG vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Mitsubishi UFJ Financial Group, 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
MUFG vs. SAN - Profitability Comparison
MUFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a gross profit of 2.09T and revenue of 3.59T. Therefore, the gross margin over that period was 58.3%.
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%.
MUFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported an operating income of 841.39B and revenue of 3.59T, resulting in an operating margin of 23.4%.
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%.
MUFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a net income of 624.99B and revenue of 3.59T, resulting in a net margin of 17.4%.
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
MUFG and SAN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (10.68%) compared to MUFG (5.88%). In terms of maximum drawdown, MUFG dropped -76.75% vs SAN's -82.94%.
MUFG currently has the higher Sharpe Ratio (1.91 vs 1.89), 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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