GRP.IR vs. HSBA.L
GRP.IR (Greencoat Renewables PLC) and HSBA.L (HSBC Holdings plc) are both stocks. GRP.IR operates in Utilities - Renewable (Utilities), while HSBA.L operates in Banks - Diversified (Financial Services). Over the past 5 years, GRP.IR returned -4.95%/yr vs 32.73%/yr for HSBA.L. At a 0.07 correlation, their price movements are largely independent.
Performance
GRP.IR vs. HSBA.L - Performance Comparison
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Different Trading Currencies
GRP.IR is traded in EUR, while HSBA.L is traded in GBp. To make them comparable, the HSBA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GRP.IR achieves a 0.13% return, which is significantly lower than HSBA.L's 21.37% return.
GRP.IR
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.13%
- 6M
- 0.13%
- 1Y
- 0.13%
- 3Y*
- -9.56%
- 5Y*
- -4.95%
- 10Y*
- —
HSBA.L
- 1D
- -1.88%
- 1M
- 7.21%
- YTD
- 21.37%
- 6M
- 32.75%
- 1Y
- 59.94%
- 3Y*
- 39.91%
- 5Y*
- 32.73%
- 10Y*
- 16.68%
GRP.IR vs. HSBA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRP.IR Greencoat Renewables PLC | 0.13% | -6.32% | -19.00% | -6.46% | 6.81% | 1.25% | 3.48% | 21.38% | 3.10% | 2.88% |
HSBA.L HSBC Holdings plc | 21.37% | 49.55% | 41.22% | 34.94% | 13.73% | 30.89% | -39.47% | 3.78% | -12.15% | 4.09% |
Correlation
The correlation between GRP.IR and HSBA.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.07 |
The correlation between GRP.IR and HSBA.L shifts across timeframes, from -0.09 (1 year) to 0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRP.IR vs. HSBA.L — Risk / Return Rank
GRP.IR
HSBA.L
GRP.IR vs. HSBA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greencoat Renewables PLC (GRP.IR) and HSBC Holdings plc (HSBA.L). 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.
| GRP.IR | HSBA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.89 | — |
| Martin ratioReturn relative to average drawdown | — | 14.38 | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRP.IR | HSBA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.34 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 1.30 | -1.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.25 | -0.23 |
Drawdowns
GRP.IR vs. HSBA.L - Drawdown Comparison
The maximum GRP.IR drawdown since its inception was -35.60%, smaller than the maximum HSBA.L drawdown of -70.41%. Use the drawdown chart below to compare losses from any high point for GRP.IR and HSBA.L.
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Drawdown Indicators
| GRP.IR | HSBA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -70.41% | +34.81% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -15.32% | +15.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -24.61% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -24.61% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.21% | — |
Current DrawdownCurrent decline from peak | -34.59% | -3.20% | -31.39% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -19.10% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.16% | -4.16% |
Volatility
GRP.IR vs. HSBA.L - Volatility Comparison
The current volatility for Greencoat Renewables PLC (GRP.IR) is 0.13%, while HSBC Holdings plc (HSBA.L) has a volatility of 7.95%. This indicates that GRP.IR experiences smaller price fluctuations and is considered to be less risky than HSBA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRP.IR | HSBA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 7.95% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 21.09% | -20.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.13% | 25.49% | -25.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 25.20% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 25.54% | -6.87% |
Dividends
GRP.IR vs. HSBA.L - Dividend Comparison
GRP.IR has not paid dividends to shareholders, while HSBA.L's dividend yield for the trailing twelve months is around 4.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRP.IR Greencoat Renewables PLC | 0.00% | 0.00% | 0.00% | 4.68% | 5.42% | 5.41% | 5.20% | 5.08% | 6.90% | 0.00% | 0.00% | 0.00% |
HSBA.L HSBC Holdings plc | 4.11% | 4.29% | 7.16% | 6.80% | 4.11% | 3.54% | 0.00% | 6.79% | 5.83% | 5.18% | 5.79% | 6.12% |
Financials
GRP.IR vs. HSBA.L - Financials Comparison
This section allows you to compare key financial metrics between Greencoat Renewables PLC 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
Frequently Asked Questions
GRP.IR and HSBA.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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