VOD vs. SAN
VOD (Vodafone Group Plc) and SAN (Banco Santander, S.A.) are both stocks. VOD operates in Telecom Services (Communication Services), while SAN operates in Banks - Diversified (Financial Services). Over the past 10 years, VOD returned -0.06%/yr vs 16.85%/yr for SAN. At a 0.38 correlation, their price movements are largely independent.
Performance
VOD vs. SAN - Performance Comparison
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Returns By Period
In the year-to-date period, VOD achieves a 19.76% return, which is significantly higher than SAN's 11.07% return. Over the past 10 years, VOD has underperformed SAN with an annualized return of -0.06%, while SAN has yielded a comparatively higher 16.85% annualized return.
VOD
- 1D
- 1.77%
- 1M
- 2.00%
- YTD
- 19.76%
- 6M
- 25.65%
- 1Y
- 61.62%
- 3Y*
- 27.46%
- 5Y*
- 4.14%
- 10Y*
- -0.06%
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%
VOD vs. SAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOD Vodafone Group Plc | 19.76% | 63.00% | 5.68% | -4.59% | -27.22% | -3.57% | -9.63% | 5.64% | -34.92% | 38.22% |
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 VOD 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1988 | 0.38 |
The correlation between VOD and SAN shifts across timeframes, from 0.30 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
VOD:
$35.85B
SAN:
$188.90B
VOD:
-€1.92
SAN:
€1.06
VOD:
0.41
SAN:
2.27
VOD:
0.61
SAN:
1.54
VOD:
€78.20B
SAN:
€74.92B
VOD:
€25.34B
SAN:
€46.97B
VOD:
€25.58B
SAN:
€21.14B
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Return for Risk
VOD vs. SAN — Risk / Return Rank
VOD
SAN
VOD vs. SAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vodafone Group Plc (VOD) 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.
| VOD | SAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 3.13 | +3.03 |
| Martin ratioReturn relative to average drawdown | 14.54 | 9.63 | +4.92 |
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Drawdowns
VOD vs. SAN - Drawdown Comparison
The maximum VOD drawdown since its inception was -79.32%, roughly equal to the maximum SAN drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for VOD and SAN.
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Drawdown Indicators
| VOD | SAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.32% | -82.94% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -20.29% | +10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -20.29% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -49.24% | -43.23% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -62.36% | -73.84% | +11.48% |
Current DrawdownCurrent decline from peak | -16.19% | -1.37% | -14.82% |
Average DrawdownAverage peak-to-trough decline | -32.70% | -30.66% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 6.58% | -2.33% |
Volatility
VOD vs. SAN - Volatility Comparison
The current volatility for Vodafone Group Plc (VOD) is 7.37%, while Banco Santander, S.A. (SAN) has a volatility of 10.68%. This indicates that VOD 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
| VOD | SAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 10.68% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 27.49% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.97% | 33.65% | -7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.00% | 33.89% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 35.85% | -8.00% |
Dividends
VOD vs. SAN - Dividend Comparison
VOD's dividend yield for the trailing twelve months is around 3.43%, more 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% |
VOD Vodafone Group Plc | 3.43% | 3.86% | 8.58% | 11.15% | 9.27% | 7.04% | 6.11% | 4.92% | 8.99% | 5.33% | 12.26% | 6.77% |
Financials
VOD vs. SAN - Financials Comparison
This section allows you to compare key financial metrics between Vodafone Group Plc 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
VOD vs. SAN - Profitability Comparison
VOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vodafone Group Plc reported a gross profit of 6.44B and revenue of 21.14B. Therefore, the gross margin over that period was 30.5%.
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%.
VOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vodafone Group Plc reported an operating income of 1.13B and revenue of 21.14B, resulting in an operating margin of 5.3%.
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%.
VOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vodafone Group Plc reported a net income of -1.24B and revenue of 21.14B, resulting in a net margin of -5.9%.
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
VOD 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 (10.68%) compared to VOD (7.37%). In terms of maximum drawdown, VOD dropped -79.32% vs SAN's -82.94%.
VOD currently has the higher Sharpe Ratio (2.39 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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