SAN vs. QYLD
SAN (Banco Santander, S.A.) is a stock, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, SAN returned 14.86%/yr vs 9.80%/yr for QYLD. At a 0.36 correlation, their price movements are largely independent.
Performance
SAN vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, SAN achieves a 4.95% return, which is significantly lower than QYLD's 7.88% return. Over the past 10 years, SAN has outperformed QYLD with an annualized return of 14.86%, while QYLD has yielded a comparatively lower 9.80% annualized return.
SAN
- 1D
- -2.01%
- 1M
- 5.28%
- YTD
- 4.95%
- 6M
- 12.63%
- 1Y
- 57.67%
- 3Y*
- 58.16%
- 5Y*
- 28.04%
- 10Y*
- 14.86%
QYLD
- 1D
- -0.06%
- 1M
- 1.62%
- YTD
- 7.88%
- 6M
- 9.97%
- 1Y
- 23.93%
- 3Y*
- 13.80%
- 5Y*
- 8.43%
- 10Y*
- 9.80%
SAN vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAN Banco Santander, S.A. | 4.95% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.88% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Correlation
The correlation between SAN and QYLD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.36 |
The correlation between SAN and QYLD shifts across timeframes, from 0.33 (3 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SAN vs. QYLD — Risk / Return Rank
SAN
QYLD
SAN vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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 | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.63 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 4.84 | -1.98 |
| Martin ratioReturn relative to average drawdown | 8.88 | 28.36 | -19.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAN | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.80 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.58 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.63 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.59 | -0.37 |
Drawdowns
SAN vs. QYLD - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for SAN and QYLD.
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Drawdown Indicators
| SAN | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -24.75% | -58.19% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -4.97% | -15.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -19.06% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | -24.61% | -19.02% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -24.75% | -49.09% |
Current DrawdownCurrent decline from peak | -6.81% | -0.06% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -30.68% | -3.84% | -26.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 0.85% | +5.66% |
Volatility
SAN vs. QYLD - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 9.58% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 1.85% | +7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 26.67% | 7.12% | +19.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.93% | 8.58% | +24.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.76% | 14.70% | +19.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 15.49% | +20.36% |
Dividends
SAN vs. QYLD - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 2.30%, less than QYLD's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
SAN Banco Santander, S.A. | 2.30% | 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 QYLD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (9.58%) compared to QYLD (1.85%). In terms of maximum drawdown, SAN dropped -82.94% vs QYLD's -24.75%.
QYLD currently has the higher Sharpe Ratio (2.80 vs 1.76), 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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