AEG vs. HSBC
AEG (Aegon N.V.) and HSBC (HSBC Holdings plc) are both stocks. Both are in the Financial Services sector — AEG in Insurance - Diversified, HSBC in Banks - Diversified. Over the past 10 years, AEG returned 11.39%/yr vs 17.91%/yr for HSBC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
AEG vs. HSBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AEG achieves a 6.61% return, which is significantly lower than HSBC's 20.29% return. Over the past 10 years, AEG has underperformed HSBC with an annualized return of 11.39%, while HSBC has yielded a comparatively higher 17.91% annualized return.
AEG
- 1D
- -0.24%
- 1M
- -1.08%
- YTD
- 6.61%
- 6M
- 3.66%
- 1Y
- 20.46%
- 3Y*
- 25.46%
- 5Y*
- 18.27%
- 10Y*
- 11.39%
HSBC
- 1D
- 0.80%
- 1M
- 2.08%
- YTD
- 20.29%
- 6M
- 33.24%
- 1Y
- 60.06%
- 3Y*
- 43.23%
- 5Y*
- 32.21%
- 10Y*
- 17.91%
AEG vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEG Aegon N.V. | 6.61% | 39.08% | 8.38% | 21.19% | 6.45% | 29.44% | -10.42% | 5.37% | -22.29% | 20.46% |
HSBC HSBC Holdings plc | 20.29% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
Correlation
The correlation between AEG and HSBC is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1999 | 0.57 |
The correlation between AEG and HSBC has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Fundamentals
AEG:
$12.43B
HSBC:
$316.57B
AEG:
$1.07
HSBC:
$6.38
AEG:
7.66
HSBC:
14.34
AEG:
0.22
HSBC:
0.71
AEG:
0.28
HSBC:
2.49
AEG:
1.65
HSBC:
1.81
AEG:
$45.17B
HSBC:
$128.37B
AEG:
$45.17B
HSBC:
$65.42B
AEG:
$1.06B
HSBC:
$34.27B
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
AEG vs. HSBC — Risk / Return Rank
AEG
HSBC
AEG vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aegon N.V. (AEG) and HSBC Holdings plc (HSBC). 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.
| AEG | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.71 | -2.40 |
| Martin ratioReturn relative to average drawdown | 3.77 | 13.24 | -9.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AEG | HSBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 2.30 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.26 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.70 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.25 | -0.04 |
Drawdowns
AEG vs. HSBC - Drawdown Comparison
The maximum AEG drawdown since its inception was -94.91%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for AEG and HSBC.
Loading charts...
Drawdown Indicators
| AEG | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.91% | -74.47% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -16.28% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -21.83% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -36.56% | -31.80% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -71.11% | -62.26% | -8.85% |
Current DrawdownCurrent decline from peak | -63.55% | -3.87% | -59.68% |
Average DrawdownAverage peak-to-trough decline | -52.67% | -24.11% | -28.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 4.55% | +0.90% |
Volatility
AEG vs. HSBC - Volatility Comparison
The current volatility for Aegon N.V. (AEG) is 6.03%, while HSBC Holdings plc (HSBC) has a volatility of 7.33%. This indicates that AEG experiences smaller price fluctuations and is considered to be less risky than HSBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AEG | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 7.33% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.38% | 21.58% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 26.25% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.81% | 25.78% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 25.56% | +10.10% |
Dividends
AEG vs. HSBC - Dividend Comparison
AEG's dividend yield for the trailing twelve months is around 5.37%, more than HSBC's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEG Aegon N.V. | 5.37% | 5.72% | 5.93% | 4.89% | 4.08% | 3.37% | 1.80% | 7.37% | 7.02% | 4.74% | 5.30% | 4.72% |
HSBC HSBC Holdings plc | 4.10% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
Financials
AEG vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between Aegon N.V. and HSBC Holdings plc. 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
AEG vs. HSBC - Profitability Comparison
AEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported a gross profit of 19.00B and revenue of 19.00B. Therefore, the gross margin over that period was 100.0%.
HSBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HSBC Holdings plc reported a gross profit of 16.93B and revenue of 32.92B. Therefore, the gross margin over that period was 51.4%.
AEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported an operating income of 365.28M and revenue of 19.00B, resulting in an operating margin of 1.9%.
HSBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HSBC Holdings plc reported an operating income of 9.36B and revenue of 32.92B, resulting in an operating margin of 28.4%.
AEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported a net income of 389.10M and revenue of 19.00B, resulting in a net margin of 2.1%.
HSBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HSBC Holdings plc reported a net income of 7.33B and revenue of 32.92B, resulting in a net margin of 22.3%.
Frequently Asked Questions
AEG and HSBC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSBC has higher volatility (7.33%) compared to AEG (6.03%). In terms of maximum drawdown, AEG dropped -94.91% vs HSBC's -74.47%.
HSBC currently has the higher Sharpe Ratio (2.30 vs 0.81), 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 AEG and HSBC
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