AMG vs. HSBC
AMG (Affiliated Managers Group, Inc.) and HSBC (HSBC Holdings plc) are both stocks. Both are in the Financial Services sector — AMG in Asset Management, HSBC in Banks - Diversified. Over the past 10 years, AMG returned 9.04%/yr vs 18.39%/yr for HSBC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AMG vs. HSBC - Performance Comparison
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Returns By Period
In the year-to-date period, AMG achieves a 23.02% return, which is significantly higher than HSBC's 21.78% return. Over the past 10 years, AMG has underperformed HSBC with an annualized return of 9.04%, while HSBC has yielded a comparatively higher 18.39% annualized return.
AMG
- 1D
- 2.99%
- 1M
- 20.66%
- YTD
- 23.02%
- 6M
- 27.84%
- 1Y
- 94.87%
- 3Y*
- 33.85%
- 5Y*
- 17.07%
- 10Y*
- 9.04%
HSBC
- 1D
- 2.15%
- 1M
- 4.85%
- YTD
- 21.78%
- 6M
- 27.76%
- 1Y
- 64.27%
- 3Y*
- 43.81%
- 5Y*
- 32.55%
- 10Y*
- 18.39%
AMG vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 23.02% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
HSBC HSBC Holdings plc | 21.78% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
Correlation
The correlation between AMG and HSBC 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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 1999 | 0.51 |
The correlation between AMG and HSBC shifts across timeframes, from 0.34 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AMG:
$9.75B
HSBC:
$320.51B
AMG:
$24.29
HSBC:
$6.38
AMG:
14.60
HSBC:
14.52
AMG:
0.48
HSBC:
0.71
AMG:
4.66
HSBC:
2.52
AMG:
3.16
HSBC:
1.84
AMG:
$2.37B
HSBC:
$128.37B
AMG:
$1.61B
HSBC:
$65.42B
AMG:
$1.53B
HSBC:
$34.27B
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Return for Risk
AMG vs. HSBC — Risk / Return Rank
AMG
HSBC
AMG vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) 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.
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.
| AMG | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.80 | +0.92 |
| Martin ratioReturn relative to average drawdown | 13.47 | 13.41 | +0.06 |
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Drawdowns
AMG vs. HSBC - Drawdown Comparison
The maximum AMG drawdown since its inception was -85.92%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for AMG and HSBC.
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Drawdown Indicators
| AMG | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -74.47% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -16.28% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -21.83% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -31.80% | -9.42% |
Max Drawdown (10Y)Largest decline over 10 years | -78.52% | -62.26% | -16.26% |
Current DrawdownCurrent decline from peak | 0.00% | -2.67% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -24.09% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 4.61% | +2.29% |
Volatility
AMG vs. HSBC - Volatility Comparison
Affiliated Managers Group, Inc. (AMG) and HSBC Holdings plc (HSBC) have volatilities of 9.81% and 10.18%, 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
| AMG | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 10.18% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 25.75% | 22.25% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.28% | 27.11% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.45% | 25.95% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.71% | 25.62% | +9.09% |
Dividends
AMG vs. HSBC - Dividend Comparison
AMG's dividend yield for the trailing twelve months is around 0.01%, less than HSBC's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
HSBC HSBC Holdings plc | 4.05% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
Financials
AMG vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between Affiliated Managers Group, Inc. 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
AMG vs. HSBC - Profitability Comparison
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
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%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
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%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
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
AMG and HSBC 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.
HSBC has higher volatility (10.18%) compared to AMG (9.81%). In terms of maximum drawdown, AMG dropped -85.92% vs HSBC's -74.47%.
AMG currently has the higher Sharpe Ratio (2.98 vs 2.28), 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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