SAN vs. IX
SAN (Banco Santander, S.A.) and IX (ORIX Corporation) are both stocks. Both are in the Financial Services sector — SAN in Banks - Diversified, IX in Credit Services. Over the past 10 years, SAN returned 16.85%/yr vs 13.56%/yr for IX. At a 0.31 correlation, their price movements are largely independent.
Performance
SAN vs. IX - Performance Comparison
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Returns By Period
In the year-to-date period, SAN achieves a 11.07% return, which is significantly lower than IX's 32.34% return. Over the past 10 years, SAN has outperformed IX with an annualized return of 16.85%, while IX has yielded a comparatively lower 13.56% annualized return.
SAN
- 1D
- 2.47%
- 1M
- 9.63%
- YTD
- 11.07%
- 6M
- 14.69%
- 1Y
- 66.03%
- 3Y*
- 60.71%
- 5Y*
- 29.56%
- 10Y*
- 16.85%
IX
- 1D
- -0.10%
- 1M
- 5.51%
- YTD
- 32.34%
- 6M
- 34.13%
- 1Y
- 82.91%
- 3Y*
- 33.19%
- 5Y*
- 19.80%
- 10Y*
- 13.56%
SAN vs. IX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAN Banco Santander, S.A. | 11.07% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
IX ORIX Corporation | 32.34% | 43.44% | 17.66% | 19.98% | -19.17% | 31.62% | -4.86% | 16.58% | -15.61% | 10.64% |
Correlation
The correlation between SAN and IX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 1998 | 0.31 |
The correlation between SAN and IX shifts across timeframes, from 0.31 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SAN:
$188.90B
IX:
$42.01B
SAN:
€1.06
IX:
¥401.75
SAN:
10.47
IX:
15.42
SAN:
0.55
IX:
1.04
SAN:
2.27
IX:
2.07
SAN:
1.54
IX:
1.49
SAN:
€74.92B
IX:
¥3.34T
SAN:
€46.97B
IX:
¥1.17T
SAN:
€21.14B
IX:
¥1.27T
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Return for Risk
SAN vs. IX — Risk / Return Rank
SAN
IX
SAN vs. IX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and ORIX Corporation (IX). 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 | IX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.51 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 4.00 | -0.87 |
| Martin ratioReturn relative to average drawdown | 9.63 | 11.49 | -1.86 |
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Drawdowns
SAN vs. IX - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, smaller than the maximum IX drawdown of -93.82%. Use the drawdown chart below to compare losses from any high point for SAN and IX.
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Drawdown Indicators
| SAN | IX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -93.82% | +10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -20.33% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -24.34% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -41.99% | -37.67% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -47.23% | -26.61% |
Current DrawdownCurrent decline from peak | -1.37% | -3.13% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -30.66% | -44.93% | +14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 7.07% | -0.49% |
Volatility
SAN vs. IX - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 10.68% compared to ORIX Corporation (IX) at 9.27%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier than IX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | IX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 9.27% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 27.49% | 22.55% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.65% | 26.73% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.89% | 25.07% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 25.70% | +10.15% |
Dividends
SAN vs. IX - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 2.17%, more than IX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IX ORIX Corporation | 1.55% | 3.43% | 3.63% | 3.22% | 1.94% | 0.00% | 2.17% | 0.00% | 0.00% | 1.41% | 2.40% | 0.00% |
SAN Banco Santander, S.A. | 2.17% | 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. IX - Financials Comparison
This section allows you to compare key financial metrics between Banco Santander, S.A. and ORIX 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. IX - Profitability Comparison
SAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported a gross profit of 12.95B and revenue of 31.44B. Therefore, the gross margin over that period was 41.2%.
IX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a gross profit of 326.61B and revenue of 938.86B. Therefore, the gross margin over that period was 34.8%.
SAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported an operating income of 5.11B and revenue of 31.44B, resulting in an operating margin of 16.3%.
IX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported an operating income of 415.02B and revenue of 938.86B, resulting in an operating margin of 44.2%.
SAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Santander, S.A. reported a net income of 5.54B and revenue of 31.44B, resulting in a net margin of 17.6%.
IX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a net income of 58.65B and revenue of 938.86B, resulting in a net margin of 6.3%.
Frequently Asked Questions
SAN and IX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (10.68%) compared to IX (9.27%). In terms of maximum drawdown, SAN dropped -82.94% vs IX's -93.82%.
IX currently has the higher Sharpe Ratio (3.04 vs 1.89), 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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