SAN vs. VTIP
SAN (Banco Santander, S.A.) is a stock, while VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) is Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Over the past 10 years, SAN returned 17.17%/yr vs 3.06%/yr for VTIP. At a 0.02 correlation, their price movements are largely independent.
Performance
SAN vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, SAN achieves a 17.55% return, which is significantly higher than VTIP's 1.77% return. Over the past 10 years, SAN has outperformed VTIP with an annualized return of 17.17%, while VTIP has yielded a comparatively lower 3.06% 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%
VTIP
- 1D
- 0.00%
- 1M
- -0.03%
- 6M
- 1.73%
- YTD
- 1.77%
- 1Y
- 3.42%
- 3Y*
- 5.10%
- 5Y*
- 3.18%
- 10Y*
- 3.06%
SAN vs. VTIP - 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.77% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between SAN and VTIP 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.02 |
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Return for Risk
SAN vs. VTIP — Risk / Return Rank
SAN
VTIP
SAN vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander, S.A. (SAN) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.81 | -1.58 |
| Martin ratioReturn relative to average drawdown | 10.00 | 15.42 | -5.41 |
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Drawdowns
SAN vs. VTIP - Drawdown Comparison
The maximum SAN drawdown since its inception was -82.94%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SAN and VTIP.
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Drawdown Indicators
| SAN | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -6.27% | -76.67% |
Max Drawdown (1Y)Largest decline over 1 year | -20.29% | -0.71% | -19.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -0.98% | -19.31% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -5.50% | -35.32% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -6.27% | -67.57% |
Current DrawdownCurrent decline from peak | -5.22% | -0.29% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -30.59% | -1.03% | -29.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 0.22% | +6.33% |
Volatility
SAN vs. VTIP - Volatility Comparison
Banco Santander, S.A. (SAN) has a higher volatility of 7.67% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.63%. This indicates that SAN's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAN | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 0.63% | +7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 1.20% | +26.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 1.57% | +31.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.84% | 2.77% | +31.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.08% | 2.74% | +32.34% |
Dividends
SAN vs. VTIP - Dividend Comparison
SAN's dividend yield for the trailing twelve months is around 2.05%, less than VTIP's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.16% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
SAN and VTIP 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 VTIP (0.63%). In terms of maximum drawdown, SAN dropped -82.94% vs VTIP's -6.27%.
VTIP currently has the higher Sharpe Ratio (2.20 vs 2.00), 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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