SAN vs. PSCE
SAN (Banco Santander, S.A.) is a stock, while PSCE (Invesco S&P SmallCap Energy ETF) is Energy Equities fund tracking the S&P SmallCap 600 Energy Index. Over the past 10 years, SAN returned 17.17%/yr vs -2.42%/yr for PSCE. At a 0.41 correlation, their price movements are largely independent.
Performance
SAN vs. PSCE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAN achieves a 17.55% return, which is significantly lower than PSCE's 32.92% return. Over the past 10 years, SAN has outperformed PSCE with an annualized return of 17.17%, while PSCE has yielded a comparatively lower -2.42% annualized return.
SAN
- 1D
- -1.45%
- 1M
- 1.79%
- 6M
- 13.86%
- YTD
- 17.55%
- 1Y
- 65.31%
- 3Y*
- 57.89%
- 5Y*
- 35.42%
- 10Y*
- 17.17%
PSCE
- 1D
- -1.13%
- 1M
- -0.50%
- 6M
- 22.03%
- YTD
- 32.92%
- 1Y
- 48.59%
- 3Y*
- 6.63%
- 5Y*
- 12.95%
- 10Y*
- -2.42%
SAN vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAN Banco Santander, S.A. | 17.55% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
PSCE Invesco S&P SmallCap Energy ETF | 32.92% | -9.00% | -5.47% | 5.07% | 48.45% | 59.85% | -40.31% | -14.93% | -42.98% | -26.70% |
Correlation
The correlation between SAN and PSCE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.41 |
The correlation between SAN and PSCE shifts across timeframes, from -0.02 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAN vs. PSCE — Risk / Return Rank
SAN
PSCE
SAN vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Invesco S&P SmallCap Energy ETF (PSCE). 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 | PSCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.02 | +0.22 |
| Martin ratioReturn relative to average drawdown | 10.00 | 9.37 | +0.63 |
Loading charts...
Drawdowns
SAN vs. PSCE - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for SAN and PSCE.
Loading charts...
Drawdown Indicators
| SAN | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -96.21% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -16.17% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -44.57% | +24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -45.42% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -90.70% | +16.86% |
Current DrawdownCurrent decline from peak | -5.22% | -76.38% | +71.16% |
Average DrawdownAverage peak-to-trough decline | -30.59% | -58.94% | +28.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 5.20% | +1.35% |
Volatility
SAN vs. PSCE - Volatility Comparison
Banco Santander, S.A. (SAN) and Invesco S&P SmallCap Energy ETF (PSCE) have volatilities of 7.67% and 7.64%, 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.
Loading charts...
Volatility by Period
| SAN | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 7.64% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 19.71% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 27.26% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.84% | 37.16% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.08% | 43.03% | -7.95% |
Dividends
SAN vs. PSCE - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 2.05%, less than PSCE's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 2.27% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
SAN Banco Santander, S.A. | 2.05% | 2.11% | 4.63% | 3.58% | 3.83% | 2.71% | 0.00% | 6.20% | 5.83% | 4.60% | 3.29% | 7.06% |
Frequently Asked Questions
SAN and PSCE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (7.67%) compared to PSCE (7.64%). In terms of maximum drawdown, SAN dropped -82.94% vs PSCE's -96.21%.
SAN currently has the higher Sharpe Ratio (2.00 vs 1.79), 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.
Find the right allocation for SAN and PSCE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer