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 18.20%/yr vs 59.66%/yr for BTC-USD. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
SAN vs. BTC-USD - 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 BTC-USD's -27.75% return. Over the past 10 years, SAN has underperformed BTC-USD with an annualized return of 18.20%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
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%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $140.83M | $131.82M | $115.30M |
SAN vs. BTC-USD - 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% |
BTC-USD Bitcoin | -27.75% | -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 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2012 | 0.09 |
The correlation between SAN and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.25 (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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.85 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | -0.83 | +4.19 |
| Martin ratioReturn relative to average drawdown | 10.31 | -1.27 | +11.58 |
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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% | -53.08% | +32.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -53.08% | +32.79% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -76.67% | +35.85% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -83.80% | +9.96% |
Current DrawdownCurrent decline from peak | -1.88% | -49.31% | +47.43% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -42.73% | +12.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 24.94% | -18.33% |
Volatility
SAN vs. BTC-USD - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 11.68% compared to Bitcoin (BTC-USD) at 8.45%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier 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 | 11.68% | 8.45% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.90% | 33.72% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.58% | 35.86% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.91% | 43.65% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.13% | 56.22% | -21.09% |
Frequently Asked Questions
SAN and BTC-USD have a correlation of 0.25, 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 BTC-USD (8.45%). In terms of maximum drawdown, SAN dropped -82.94% vs BTC-USD's -85.30%.
SAN currently has the higher Sharpe Ratio (2.04 vs -1.02), 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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