DB vs. HSBC
DB (Deutsche Bank Aktiengesellschaft) and HSBC (HSBC Holdings plc) are both stocks. Both are in the Financial Services sector — DB in Banks - Regional, HSBC in Banks - Diversified. Over the past 10 years, DB returned 11.76%/yr vs 18.39%/yr for HSBC. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
DB vs. HSBC - Performance Comparison
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Returns By Period
In the year-to-date period, DB achieves a -10.46% return, which is significantly lower than HSBC's 21.78% return. Over the past 10 years, DB has underperformed HSBC with an annualized return of 11.76%, while HSBC has yielded a comparatively higher 18.39% annualized return.
DB
- 1D
- 3.42%
- 1M
- 11.73%
- YTD
- -10.46%
- 6M
- -7.47%
- 1Y
- 25.36%
- 3Y*
- 50.89%
- 5Y*
- 22.12%
- 10Y*
- 11.76%
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%
DB vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DB Deutsche Bank Aktiengesellschaft | -10.46% | 132.42% | 29.52% | 21.34% | -5.86% | 14.68% | 40.10% | -2.89% | -56.72% | 18.96% |
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 DB and HSBC is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 1999 | 0.60 |
The correlation between DB and HSBC has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.
Fundamentals
DB:
€4.47
HSBC:
$6.38
DB:
6.45
HSBC:
14.52
DB:
0.11
HSBC:
0.71
DB:
0.86
HSBC:
2.52
DB:
€53.12B
HSBC:
$128.37B
DB:
€30.48B
HSBC:
$65.42B
DB:
€9.93B
HSBC:
$34.27B
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Return for Risk
DB vs. HSBC — Risk / Return Rank
DB
HSBC
DB vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deutsche Bank Aktiengesellschaft (DB) 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.
| DB | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.80 | -3.04 |
| Martin ratioReturn relative to average drawdown | 1.77 | 13.41 | -11.64 |
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Drawdowns
DB vs. HSBC - Drawdown Comparison
The maximum DB drawdown since its inception was -94.73%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for DB and HSBC.
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Drawdown Indicators
| DB | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -74.47% | -20.26% |
Max Drawdown (1Y)Largest decline over 1 year | -29.66% | -16.28% | -13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.66% | -21.83% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -54.19% | -31.80% | -22.39% |
Max Drawdown (10Y)Largest decline over 10 years | -71.97% | -62.26% | -9.71% |
Current DrawdownCurrent decline from peak | -62.98% | -2.67% | -60.31% |
Average DrawdownAverage peak-to-trough decline | -53.67% | -24.09% | -29.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.63% | 4.61% | +8.02% |
Volatility
DB vs. HSBC - Volatility Comparison
Deutsche Bank Aktiengesellschaft (DB) has a higher volatility of 11.24% compared to HSBC Holdings plc (HSBC) at 10.18%. This indicates that DB's price experiences larger fluctuations and is considered to be riskier than HSBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DB | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 10.18% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 25.84% | 22.25% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.34% | 27.11% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.49% | 25.95% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.23% | 25.62% | +14.61% |
Dividends
DB vs. HSBC - Dividend Comparison
DB's dividend yield for the trailing twelve months is around 3.50%, less than HSBC's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DB Deutsche Bank Aktiengesellschaft | 3.50% | 1.99% | 2.87% | 2.40% | 1.84% | 0.00% | 0.00% | 1.58% | 1.58% | 1.00% | 0.00% | 3.11% |
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
DB vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between Deutsche Bank Aktiengesellschaft 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
DB vs. HSBC - Profitability Comparison
DB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a gross profit of 8.15B and revenue of 15.29B. Therefore, the gross margin over that period was 53.3%.
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%.
DB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported an operating income of 3.04B and revenue of 15.29B, resulting in an operating margin of 19.9%.
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%.
DB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a net income of 2.12B and revenue of 15.29B, resulting in a net margin of 13.9%.
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
DB and HSBC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DB has higher volatility (11.24%) compared to HSBC (10.18%). In terms of maximum drawdown, DB dropped -94.73% vs HSBC's -74.47%.
HSBC currently has the higher Sharpe Ratio (2.28 vs 0.67), 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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