SPYD vs. SAN
SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) is S&P 500 fund tracking the S&P 500 High Dividend Index, while SAN (Banco Santander, S.A.) is a stock. Over the past 10 years, SPYD returned 8.52%/yr vs 16.53%/yr for SAN. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
SPYD vs. SAN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYD achieves a 10.94% return, which is significantly lower than SAN's 16.51% return. Over the past 10 years, SPYD has underperformed SAN with an annualized return of 8.52%, while SAN has yielded a comparatively higher 16.53% annualized return.
SPYD
- 1D
- -0.08%
- 1M
- 0.89%
- YTD
- 10.94%
- 6M
- 11.30%
- 1Y
- 17.69%
- 3Y*
- 13.11%
- 5Y*
- 8.30%
- 10Y*
- 8.52%
SAN
- 1D
- 1.28%
- 1M
- 9.05%
- YTD
- 16.51%
- 6M
- 16.81%
- 1Y
- 72.42%
- 3Y*
- 62.67%
- 5Y*
- 32.61%
- 10Y*
- 16.53%
SPYD vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 10.94% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
SAN Banco Santander, S.A. | 16.51% | 164.72% | 14.96% | 46.20% | -6.62% | 10.41% | -21.99% | -2.32% | -28.49% | 32.28% |
Correlation
The correlation between SPYD and SAN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.51 |
Over the past year, the correlation between SPYD and SAN has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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
SPYD vs. SAN — Risk / Return Rank
SPYD
SAN
SPYD vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.
| SPYD | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.59 | -1.07 |
| Martin ratioReturn relative to average drawdown | 7.28 | 11.07 | -3.79 |
Loading charts...
Drawdowns
SPYD vs. SAN - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, smaller than the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for SPYD and SAN.
Loading charts...
Drawdown Indicators
| SPYD | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -82.94% | +36.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -20.29% | +13.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -20.29% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -41.13% | +18.88% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -73.84% | +27.42% |
Current DrawdownCurrent decline from peak | -3.30% | 0.00% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -30.64% | +24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 6.56% | -4.13% |
Volatility
SPYD vs. SAN - Volatility Comparison
The current volatility for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is 3.57%, while Banco Santander, S.A. (SAN) has a volatility of 10.69%. This indicates that SPYD 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.
Loading charts...
Volatility by Period
| SPYD | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 10.69% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 27.47% | -19.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 32.98% | -21.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 33.88% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 35.83% | -16.04% |
Dividends
SPYD vs. SAN - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.19%, more than SAN's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAN Banco Santander, S.A. | 2.07% | 2.11% | 4.63% | 3.58% | 3.83% | 2.71% | 0.00% | 6.20% | 5.83% | 4.60% | 3.29% | 7.06% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.19% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
SPYD and SAN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAN has higher volatility (10.69%) compared to SPYD (3.57%). In terms of maximum drawdown, SPYD dropped -46.42% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.21 vs 1.50), 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 SPYD and SAN
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