SAN vs. BTC-USD
SAN (Banco Santander, S.A.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SAN returned 14.67%/yr vs 59.37%/yr for BTC-USD. At a 0.09 correlation, their price movements are largely independent.
Performance
SAN vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SAN achieves a 4.86% return, which is significantly higher than BTC-USD's -29.97% return. Over the past 10 years, SAN has underperformed BTC-USD with an annualized return of 14.67%, while BTC-USD has yielded a comparatively higher 59.37% annualized return.
SAN
- 1D
- -2.57%
- 1M
- -2.02%
- YTD
- 4.86%
- 6M
- 12.13%
- 1Y
- 55.96%
- 3Y*
- 57.81%
- 5Y*
- 28.02%
- 10Y*
- 14.67%
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
SAN vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAN Banco Santander, S.A. | 4.86% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SAN and BTC-USD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.09 |
The correlation between SAN and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SAN vs. BTC-USD — Risk / Return Rank
SAN
BTC-USD
SAN vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Bitcoin (BTC-USD). 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.
| SAN | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.87 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.78 | +3.55 |
| Martin ratioReturn relative to average drawdown | 8.59 | -1.39 | +9.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAN | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | -0.93 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.21 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.87 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.13 | -0.90 |
Drawdowns
SAN vs. BTC-USD - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SAN and BTC-USD.
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Drawdown Indicators
| SAN | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -85.30% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -50.87% | +30.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -50.87% | +30.58% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | -76.67% | +33.04% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -83.80% | +9.96% |
Current DrawdownCurrent decline from peak | -6.89% | -50.87% | +43.98% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -42.29% | +11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 34.02% | -27.49% |
Volatility
SAN vs. BTC-USD - Volatility Comparison
The current volatility for Banco Santander, S.A. (SAN) is 8.89%, while Bitcoin (BTC-USD) has a volatility of 10.54%. This indicates that SAN experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 10.54% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 26.86% | 34.26% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.09% | 35.65% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 44.98% | -11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 56.70% | -20.84% |
Frequently Asked Questions
SAN and BTC-USD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.54%) compared to SAN (8.89%). In terms of maximum drawdown, SAN dropped -82.94% vs BTC-USD's -85.30%.
SAN currently has the higher Sharpe Ratio (1.70 vs -0.93), 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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