VLO vs. SAN
VLO (Valero Energy Corporation) and SAN (Banco Santander, S.A.) are both stocks. VLO operates in Oil & Gas Refining & Marketing (Energy), while SAN operates in Banks - Diversified (Financial Services). Over the past 10 years, VLO returned 20.94%/yr vs 16.53%/yr for SAN. At a 0.26 correlation, their price movements are largely independent.
Performance
VLO vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, VLO achieves a 46.74% return, which is significantly higher than SAN's 16.51% return. Over the past 10 years, VLO has outperformed SAN with an annualized return of 20.94%, while SAN has yielded a comparatively lower 16.53% annualized return.
VLO
- 1D
- -1.45%
- 1M
- -6.44%
- YTD
- 46.74%
- 6M
- 46.81%
- 1Y
- 73.82%
- 3Y*
- 31.15%
- 5Y*
- 29.68%
- 10Y*
- 20.94%
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%
VLO vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 46.74% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
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 VLO and SAN is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988 | 0.26 |
The correlation between VLO and SAN shifts across timeframes, from -0.16 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
VLO:
$70.42B
SAN:
$198.15B
VLO:
$13.77
SAN:
€1.06
VLO:
17.16
SAN:
11.08
VLO:
0.06
SAN:
0.58
VLO:
0.57
SAN:
2.40
VLO:
2.61
SAN:
1.63
VLO:
$126.17B
SAN:
€74.92B
VLO:
$12.45B
SAN:
€46.97B
VLO:
$9.02B
SAN:
€21.14B
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Return for Risk
VLO vs. SAN — Risk / Return Rank
VLO
SAN
VLO vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) 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.
| VLO | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.59 | +1.64 |
| Martin ratioReturn relative to average drawdown | 12.85 | 11.07 | +1.78 |
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Drawdowns
VLO vs. SAN - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than SAN's maximum drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for VLO and SAN.
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Drawdown Indicators
| VLO | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -82.94% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -20.29% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -20.29% | -20.93% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -41.13% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -73.84% | +1.96% |
Current DrawdownCurrent decline from peak | -9.62% | 0.00% | -9.62% |
Average DrawdownAverage peak-to-trough decline | -34.24% | -30.64% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 6.56% | -0.80% |
Volatility
VLO vs. SAN - Volatility Comparison
Valero Energy Corporation (VLO) and Banco Santander, S.A. (SAN) have volatilities of 10.17% and 10.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 10.69% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 27.59% | 27.47% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.09% | 32.98% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.94% | 33.88% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.39% | 35.83% | +4.56% |
Dividends
VLO vs. SAN - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.97%, less 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% |
VLO Valero Energy Corporation | 1.97% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Financials
VLO vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation 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
VLO vs. SAN - Profitability Comparison
VLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a gross profit of 6.20B and revenue of 32.38B. Therefore, the gross margin over that period was 19.1%.
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%.
VLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported an operating income of 1.73B and revenue of 32.38B, resulting in an operating margin of 5.4%.
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%.
VLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a net income of 1.26B and revenue of 32.38B, resulting in a net margin of 3.9%.
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
VLO and SAN have a correlation of -0.16, 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 VLO (10.17%). In terms of maximum drawdown, VLO dropped -87.50% vs SAN's -82.94%.
SAN currently has the higher Sharpe Ratio (2.21 vs 2.12), 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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