PFLT vs. SAN
PFLT (PennantPark Floating Rate Capital Ltd.) and SAN (Banco Santander, S.A.) are both stocks. Both are in the Financial Services sector — PFLT in Asset Management, SAN in Banks - Diversified. Over the past 10 years, PFLT returned 5.33%/yr vs 16.53%/yr for SAN. At a 0.27 correlation, their price movements are largely independent.
Performance
PFLT vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, PFLT achieves a -13.49% return, which is significantly lower than SAN's 16.51% return. Over the past 10 years, PFLT has underperformed SAN with an annualized return of 5.33%, while SAN has yielded a comparatively higher 16.53% annualized return.
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
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%
PFLT vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
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 PFLT and SAN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.27 |
Fundamentals
PFLT:
$1.69
SAN:
€1.06
PFLT:
4.42
SAN:
11.08
PFLT:
0.02
SAN:
0.58
PFLT:
2.28
SAN:
2.40
PFLT:
$229.78M
SAN:
€74.92B
PFLT:
$45.40M
SAN:
€46.97B
PFLT:
$38.59M
SAN:
€21.14B
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Return for Risk
PFLT vs. SAN — Risk / Return Rank
PFLT
SAN
PFLT vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) 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.
| PFLT | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.34 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.59 | -4.41 |
| Martin ratioReturn relative to average drawdown | -1.50 | 11.07 | -12.57 |
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Drawdowns
PFLT vs. SAN - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for PFLT and SAN.
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Drawdown Indicators
| PFLT | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -82.94% | +13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -20.29% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.96% | -20.29% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -41.13% | +11.49% |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | -73.84% | +4.07% |
Current DrawdownCurrent decline from peak | -22.85% | 0.00% | -22.85% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -30.64% | +22.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 6.56% | +5.37% |
Volatility
PFLT vs. SAN - Volatility Comparison
The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 8.03%, while Banco Santander, S.A. (SAN) has a volatility of 10.69%. This indicates that PFLT 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
| PFLT | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 10.69% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 27.47% | -10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 32.98% | -12.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.28% | 33.88% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.98% | 35.83% | -6.85% |
Dividends
PFLT vs. SAN - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 16.18%, more than SAN's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
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
PFLT vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Floating Rate Capital Ltd. 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
PFLT vs. SAN - Profitability Comparison
PFLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a gross profit of 1.39M and revenue of 110.28M. Therefore, the gross margin over that period was 1.3%.
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%.
PFLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported an operating income of 3.99M and revenue of 110.28M, resulting in an operating margin of 3.6%.
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%.
PFLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a net income of 85.16M and revenue of 110.28M, resulting in a net margin of 77.2%.
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
PFLT and SAN have a correlation of 0.34, 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 PFLT (8.03%). In terms of maximum drawdown, PFLT dropped -69.77% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.21 vs -0.86), 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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