SMFG vs. SAN
SMFG (Sumitomo Mitsui Financial Group, Inc.) and SAN (Banco Santander, S.A.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, SMFG returned 19.72%/yr vs 16.85%/yr for SAN. At a 0.45 correlation, their price movements are largely independent.
Performance
SMFG vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, SMFG achieves a 26.23% return, which is significantly higher than SAN's 11.07% return. Over the past 10 years, SMFG has outperformed SAN with an annualized return of 19.72%, while SAN has yielded a comparatively lower 16.85% annualized return.
SMFG
- 1D
- 2.43%
- 1M
- 9.27%
- YTD
- 26.23%
- 6M
- 28.02%
- 1Y
- 63.87%
- 3Y*
- 47.38%
- 5Y*
- 31.41%
- 10Y*
- 19.72%
SAN
- 1D
- 2.47%
- 1M
- 7.79%
- YTD
- 11.07%
- 6M
- 14.69%
- 1Y
- 63.16%
- 3Y*
- 60.71%
- 5Y*
- 29.56%
- 10Y*
- 16.85%
SMFG vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMFG Sumitomo Mitsui Financial Group, Inc. | 26.23% | 38.01% | 54.90% | 25.63% | 21.70% | 10.05% | -11.00% | 19.47% | -22.21% | 17.95% |
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% |
Correlation
The correlation between SMFG and SAN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2006 | 0.45 |
The correlation between SMFG and SAN has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
Fundamentals
SMFG:
$153.79B
SAN:
$188.90B
SMFG:
¥563.43
SAN:
€1.06
SMFG:
6.94
SAN:
10.47
SMFG:
0.55
SAN:
0.55
SMFG:
1.13
SAN:
2.27
SMFG:
1.55
SAN:
1.54
SMFG:
¥15.42T
SAN:
€74.92B
SMFG:
¥8.35T
SAN:
€46.97B
SMFG:
¥3.54T
SAN:
€21.14B
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Return for Risk
SMFG vs. SAN — Risk / Return Rank
SMFG
SAN
SMFG vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sumitomo Mitsui Financial Group, Inc. (SMFG) and Banco Santander, S.A. (SAN). 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.
| SMFG | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.13 | +0.06 |
| Martin ratioReturn relative to average drawdown | 9.07 | 9.63 | -0.55 |
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Drawdowns
SMFG vs. SAN - Drawdown Comparison
The maximum SMFG drawdown since its inception was -77.26%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for SMFG and SAN.
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Drawdown Indicators
| SMFG | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.26% | -82.94% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.12% | -20.29% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -20.29% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -43.23% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -47.66% | -73.84% | +26.18% |
Current DrawdownCurrent decline from peak | 0.00% | -1.37% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -48.03% | -30.66% | -17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 6.58% | +0.48% |
Volatility
SMFG vs. SAN - Volatility Comparison
The current volatility for Sumitomo Mitsui Financial Group, Inc. (SMFG) is 7.99%, while Banco Santander, S.A. (SAN) has a volatility of 10.68%. This indicates that SMFG experiences smaller price fluctuations and is considered to be less risky than SAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMFG | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 10.68% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.54% | 27.49% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 33.65% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.82% | 33.89% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.91% | 35.85% | -8.94% |
Dividends
SMFG vs. SAN - Dividend Comparison
SMFG's dividend yield for the trailing twelve months is around 1.23%, less than SAN's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMFG Sumitomo Mitsui Financial Group, Inc. | 1.23% | 2.84% | 2.82% | 3.67% | 2.12% | 0.00% | 5.97% | 4.61% | 4.80% | 3.17% | 3.63% | 3.32% |
Financials
SMFG vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Sumitomo Mitsui Financial Group, Inc. and Banco Santander, S.A.. 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
SMFG vs. SAN - Profitability Comparison
SMFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sumitomo Mitsui Financial Group, Inc. reported a gross profit of 1.37T and revenue of 2.51T. Therefore, the gross margin over that period was 54.6%.
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%.
SMFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sumitomo Mitsui Financial Group, Inc. reported an operating income of 364.07B and revenue of 2.51T, resulting in an operating margin of 14.5%.
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%.
SMFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sumitomo Mitsui Financial Group, Inc. reported a net income of 191.66B and revenue of 2.51T, resulting in a net margin of 7.6%.
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%.
Frequently Asked Questions
SMFG and SAN have a correlation of 0.52, 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 SMFG (7.99%). In terms of maximum drawdown, SMFG dropped -77.26% vs SAN's -82.94%.
SMFG currently has the higher Sharpe Ratio (2.27 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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