SAN vs. BAC
SAN (Banco Santander, S.A.) and BAC (Bank of America Corporation) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, SAN returned 18.20%/yr vs 18.54%/yr for BAC. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
SAN vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, SAN achieves a 21.69% return, which is significantly higher than BAC's 13.86% return. Both investments have delivered pretty close results over the past 10 years, with SAN having a 18.20% annualized return and BAC not far ahead at 18.54%.
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%
BAC
- 1D
- 0.36%
- 1M
- 5.48%
- 6M
- 17.71%
- YTD
- 13.86%
- 1Y
- 38.63%
- 3Y*
- 28.30%
- 5Y*
- 12.79%
- 10Y*
- 18.54%
- ALL TIME*
- 8.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.02B | $2.04B | $2.03B | |
| $140.83M | $131.82M | $115.30M |
SAN vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BAC Bank of America Corporation | 13.86% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between SAN and BAC is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988 | 0.42 |
The correlation between SAN and BAC shifts across timeframes, from 0.41 (3 years) to 0.56 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SAN:
$206.96B
BAC:
$439.63B
SAN:
€1.03
BAC:
$4.50
SAN:
11.91
BAC:
13.75
SAN:
0.63
BAC:
5.52
SAN:
2.08
BAC:
2.61
SAN:
1.64
BAC:
1.64
SAN:
€90.24B
BAC:
$177.58B
SAN:
€47.15B
BAC:
$115.79B
SAN:
€21.04B
BAC:
$45.64B
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Return for Risk
SAN vs. BAC — Risk / Return Rank
SAN
BAC
SAN vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Bank of America Corporation (BAC). 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.
| SAN | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.90 | +1.47 |
| Martin ratioReturn relative to average drawdown | 10.31 | 5.00 | +5.31 |
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Drawdowns
SAN vs. BAC - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for SAN and BAC.
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Drawdown Indicators
| SAN | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -93.10% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -17.93% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -27.51% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -46.64% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -48.95% | -24.89% |
Current DrawdownCurrent decline from peak | -1.88% | -1.07% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -28.21% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 6.82% | -0.21% |
Volatility
SAN vs. BAC - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 11.68% compared to Bank of America Corporation (BAC) at 5.89%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 5.89% | +5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 28.90% | 16.31% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.58% | 21.85% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.91% | 26.67% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.13% | 30.46% | +4.67% |
Dividends
SAN vs. BAC - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 1.98%, more than BAC's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 1.81% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
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
SAN vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between Banco Santander, S.A. and Bank of America Corporation. 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
SAN vs. BAC - Profitability Comparison
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%.
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a gross profit of 30.19B and revenue of 49.39B. Therefore, the gross margin over that period was 61.1%.
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%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported an operating income of 11.57B and revenue of 49.39B, resulting in an operating margin of 23.4%.
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%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a net income of 9.07B and revenue of 49.39B, resulting in a net margin of 18.4%.
Frequently Asked Questions
SAN and BAC have a correlation of 0.45, 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 BAC (5.89%). In terms of maximum drawdown, SAN dropped -82.94% vs BAC's -93.10%.
SAN currently has the higher Sharpe Ratio (2.04 vs 1.56), 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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