TER vs. SAN
TER (Teradyne, Inc.) and SAN (Banco Santander, S.A.) are both stocks. TER operates in Semiconductor Equipment & Materials (Technology), while SAN operates in Banks - Diversified (Financial Services). Over the past 10 years, TER returned 36.09%/yr vs 16.85%/yr for SAN. At a 0.31 correlation, their price movements are largely independent.
Performance
TER vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, TER achieves a 108.47% return, which is significantly higher than SAN's 11.07% return. Over the past 10 years, TER has outperformed SAN with an annualized return of 36.09%, while SAN has yielded a comparatively lower 16.85% annualized return.
TER
- 1D
- 5.72%
- 1M
- 19.38%
- YTD
- 108.47%
- 6M
- 108.68%
- 1Y
- 386.56%
- 3Y*
- 54.13%
- 5Y*
- 26.29%
- 10Y*
- 36.09%
SAN
- 1D
- 2.47%
- 1M
- 9.63%
- YTD
- 11.07%
- 6M
- 14.69%
- 1Y
- 66.03%
- 3Y*
- 60.71%
- 5Y*
- 29.56%
- 10Y*
- 16.85%
TER vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TER Teradyne, Inc. | 108.47% | 54.39% | 16.51% | 24.78% | -46.35% | 36.81% | 76.73% | 118.93% | -24.37% | 66.16% |
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 TER and SAN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988 | 0.31 |
Fundamentals
TER:
$63.56B
SAN:
$188.90B
TER:
$5.38
SAN:
€1.06
TER:
75.00
SAN:
10.47
TER:
16.91
SAN:
2.27
TER:
20.22
SAN:
1.54
TER:
$3.79B
SAN:
€74.92B
TER:
$2.23B
SAN:
€46.97B
TER:
$1.11B
SAN:
€21.14B
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Return for Risk
TER vs. SAN — Risk / Return Rank
TER
SAN
TER vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teradyne, Inc. (TER) 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.
| TER | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.30 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 13.97 | 3.13 | +10.84 |
| Martin ratioReturn relative to average drawdown | 49.81 | 9.63 | +40.19 |
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Drawdowns
TER vs. SAN - Drawdown Comparison
The maximum TER drawdown since its inception was -97.30%, which is greater than SAN's maximum drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for TER and SAN.
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Drawdown Indicators
| TER | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.30% | -82.94% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -26.73% | -20.29% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -58.18% | -20.29% | -37.89% |
Max Drawdown (5Y)Largest decline over 5 years | -59.12% | -41.99% | -17.13% |
Max Drawdown (10Y)Largest decline over 10 years | -59.12% | -73.84% | +14.72% |
Current DrawdownCurrent decline from peak | -3.52% | -1.37% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -58.67% | -30.66% | -28.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 6.58% | +0.91% |
Volatility
TER vs. SAN - Volatility Comparison
Teradyne, Inc. (TER) has a higher volatility of 25.00% compared to Banco Santander, S.A. (SAN) at 10.68%. This indicates that TER's price experiences larger fluctuations and is considered to be riskier 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
| TER | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.00% | 10.68% | +14.32% |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | 27.49% | +25.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.20% | 33.65% | +33.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.20% | 33.89% | +16.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.31% | 35.85% | +9.46% |
Dividends
TER vs. SAN - Dividend Comparison
TER's dividend yield for the trailing twelve months is around 0.12%, 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% |
TER Teradyne, Inc. | 0.12% | 0.25% | 0.38% | 0.41% | 0.50% | 0.24% | 0.33% | 0.53% | 1.15% | 0.67% | 0.94% | 1.16% |
Financials
TER vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Teradyne, 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
TER vs. SAN - Profitability Comparison
TER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.
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%.
TER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.
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%.
TER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.
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
TER and SAN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TER has higher volatility (25.00%) compared to SAN (10.68%). In terms of maximum drawdown, TER dropped -97.30% vs SAN's -82.94%.
TER currently has the higher Sharpe Ratio (5.56 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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