SAN vs. CAIXY
SAN (Banco Santander, S.A.) and CAIXY (Caixabank SA ADR) are both stocks. Both are in the Financial Services sector — SAN in Banks - Diversified, CAIXY in Banks - Regional. Over the past 10 years, SAN returned 18.20%/yr vs 26.94%/yr for CAIXY. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
SAN vs. CAIXY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SAN having a 21.69% return and CAIXY slightly higher at 21.95%. Over the past 10 years, SAN has underperformed CAIXY with an annualized return of 18.20%, while CAIXY has yielded a comparatively higher 26.94% 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%
CAIXY
- 1D
- 0.63%
- 1M
- 0.63%
- 6M
- 11.99%
- YTD
- 21.95%
- 1Y
- 59.63%
- 3Y*
- 66.99%
- 5Y*
- 47.67%
- 10Y*
- 26.94%
- ALL TIME*
- 15.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CAIXY Caixabank SA ADR | $2.28M | $1.72M | $1.40M |
| $140.83M | $131.82M | $115.30M |
SAN vs. CAIXY - 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% |
CAIXY Caixabank SA ADR | 21.95% | 149.59% | 46.64% | 16.68% | 45.44% | 10.31% | -14.12% | -10.97% | -23.98% | 52.94% |
Correlation
The correlation between SAN and CAIXY is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2012 | 0.50 |
Over the past year, SAN and CAIXY have become more correlated (0.71) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
SAN:
$206.96B
CAIXY:
$100.16B
SAN:
€1.03
CAIXY:
€0.29
SAN:
11.91
CAIXY:
14.15
SAN:
0.63
CAIXY:
1.13
SAN:
2.08
CAIXY:
4.09
SAN:
1.64
CAIXY:
2.24
SAN:
€90.24B
CAIXY:
€21.30B
SAN:
€47.15B
CAIXY:
€16.30B
SAN:
€21.04B
CAIXY:
€8.87B
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Return for Risk
SAN vs. CAIXY — Risk / Return Rank
SAN
CAIXY
SAN vs. CAIXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Caixabank SA ADR (CAIXY). 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 | CAIXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.67 | -0.30 |
| Martin ratioReturn relative to average drawdown | 10.31 | 12.14 | -1.83 |
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Drawdowns
SAN vs. CAIXY - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, which is greater than CAIXY's maximum drawdown of -74.24%. Use the drawdown chart below to compare losses from any high point for SAN and CAIXY.
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Drawdown Indicators
| SAN | CAIXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -74.24% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -17.04% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -31.74% | +11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -31.74% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -70.45% | -3.39% |
Current DrawdownCurrent decline from peak | -1.88% | -4.59% | +2.71% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -32.23% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 5.14% | +1.47% |
Volatility
SAN vs. CAIXY - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 11.68% compared to Caixabank SA ADR (CAIXY) at 10.48%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier than CAIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | CAIXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 10.48% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.90% | 24.03% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.58% | 28.35% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.91% | 43.08% | -9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.13% | 46.27% | -11.14% |
Dividends
SAN vs. CAIXY - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 1.98%, less than CAIXY's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAIXY Caixabank SA ADR | 4.05% | 6.82% | 10.76% | 6.11% | 4.26% | 1.22% | 2.17% | 2.69% | 3.70% | 3.16% | 2.70% | 2.71% |
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. CAIXY - Financials Comparison
This section allows you to compare key financial metrics between Banco Santander, S.A. and Caixabank SA ADR. 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. CAIXY - 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%.
CAIXY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Caixabank SA ADR reported a gross profit of 4.01B and revenue of 5.83B. Therefore, the gross margin over that period was 68.8%.
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%.
CAIXY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Caixabank SA ADR reported an operating income of 2.35B and revenue of 5.83B, resulting in an operating margin of 40.3%.
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%.
CAIXY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Caixabank SA ADR reported a net income of 1.66B and revenue of 5.83B, resulting in a net margin of 28.5%.
Frequently Asked Questions
SAN and CAIXY have a correlation of 0.71, 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 CAIXY (10.48%). In terms of maximum drawdown, SAN dropped -82.94% vs CAIXY's -74.24%.
CAIXY currently has the higher Sharpe Ratio (2.21 vs 2.04), 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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