We have historical references to Jesus in the writings of Josephus, Tacitus, and the Syriac Stoic Mara bar Serapion. The later includes a reference to a “king of the Jews”, his “new laws”. Mara bar Serapion also compares Christs execution to that of Socrates.
We have the historical record of St. Nicholas, Patron Saint of children, and we have the story of how he became Santa Claus. if you don't disbelieve the record, then Santa is believable as a real person. Of course, if you don't believe the record, I have to withdraw.
And the spirit of Santa is just as real to some of us as is the spirit of Jesus and of the Great Spirit often thought of as God. And, if we believe God sends angels to help us live happier lives, Why wouldn't we believe God sends Santa? And parents? And friends and mentors?
The myth of Santa Claus is built on an actual person. They myth of Jesus is built on an actual person. Why believe one and not the other? They're not the same things, really, are they?
One is intrinsically linked to theories and practices concerning the human soul and ethical treatment toward man as defined by universal principles. The other one gives out presents once a year.
You could just as easily ask how believing in the Chupacabra compares to faith. The question is one about belief, not content.