SAN vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Banco Santander, S.A. (SAN) and Bitcoin (BTC-USD).

Performance

SAN vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Santander, S.A. (SAN) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

SAN vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAN Banco Santander, S.A.	-1.36%	164.72%	14.96%	46.20%	-6.62%	10.41%	-21.99%	-2.32%	-28.49%	32.28%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, SAN achieves a -1.36% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, SAN has underperformed BTC-USD with an annualized return of 14.91%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

SAN

• 1D: 2.57%
• 1M: -3.26%
• YTD: -1.36%
• 6M: 12.49%
• 1Y: 75.62%
• 3Y*: 51.95%
• 5Y*: 32.18%
• 10Y*: 14.91%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SAN vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAN

SAN Risk / Return Rank: 90
SAN Sharpe Ratio Rank: 92
SAN Sortino Ratio Rank: 87
SAN Omega Ratio Rank: 86
SAN Calmar Ratio Rank: 89
SAN Martin Ratio Rank: 92

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	2.19	-0.44	+2.63
Sortino ratio Return per unit of downside risk	2.65	-0.38	+3.03
Omega ratio Gain probability vs. loss probability	1.36	0.96	+0.40
Calmar ratio Return relative to maximum drawdown	3.83	-1.11	+4.94
Martin ratio Return relative to average drawdown	12.98	-1.99	+14.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAN vs. BTC-USD - Sharpe Ratio Comparison

The current SAN Sharpe Ratio is 2.19, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of SAN and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAN	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	-0.44	+2.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.05	+0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.97	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.19	-0.97

Correlation

The correlation between SAN and BTC-USD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	SAN	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-82.94%	-85.30%	+2.36%
Max Drawdown (1Y) Largest decline over 1 year	-20.29%	-49.65%	+29.36%
Max Drawdown (5Y) Largest decline over 5 years	-44.15%	-76.67%	+32.52%
Max Drawdown (10Y) Largest decline over 10 years	-73.84%	-83.80%	+9.96%
Current Drawdown Current decline from peak	-12.41%	-45.02%	+32.61%
Average Drawdown Average peak-to-trough decline	-30.78%	-41.99%	+11.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	27.60%	-21.61%

Volatility

SAN vs. BTC-USD - Volatility Comparison

Banco Santander, S.A. (SAN) and Bitcoin (BTC-USD) have volatilities of 13.48% and 13.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAN	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.48%	13.58%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	25.20%	35.98%	-10.78%
Volatility (1Y) Calculated over the trailing 1-year period	34.71%	36.76%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.46%	46.90%	-13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.93%	56.70%	-20.77%