HSBA.L vs. AV.L
HSBA.L (HSBC Holdings plc) and AV.L (Aviva plc) are both stocks. Both are in the Financial Services sector — HSBA.L in Banks - Diversified, AV.L in Insurance - Diversified. Over the past 10 years, HSBA.L returned 18.05%/yr vs 5.84%/yr for AV.L. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
HSBA.L vs. AV.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSBA.L achieves a 20.63% return, which is significantly higher than AV.L's -6.88% return. Over the past 10 years, HSBA.L has outperformed AV.L with an annualized return of 18.05%, while AV.L has yielded a comparatively lower 5.84% annualized return.
HSBA.L
- 1D
- 0.76%
- 1M
- 4.48%
- YTD
- 20.63%
- 6M
- 33.00%
- 1Y
- 62.97%
- 3Y*
- 40.74%
- 5Y*
- 33.67%
- 10Y*
- 18.05%
AV.L
- 1D
- 1.23%
- 1M
- -1.48%
- YTD
- -6.88%
- 6M
- -1.16%
- 1Y
- 4.06%
- 3Y*
- 23.74%
- 5Y*
- 7.93%
- 10Y*
- 5.84%
HSBA.L vs. AV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSBA.L HSBC Holdings plc | 20.63% | 57.77% | 36.43% | 32.14% | 19.91% | 22.90% | -35.99% | -2.41% | -11.05% | 23.54% |
AV.L Aviva plc | -6.88% | 56.69% | 16.76% | 5.64% | -18.84% | 30.80% | -19.79% | 18.65% | -22.84% | 8.48% |
Correlation
The correlation between HSBA.L and AV.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.54 |
The correlation between HSBA.L and AV.L has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
Fundamentals
HSBA.L:
£237.12B
AV.L:
£22.86B
HSBA.L:
£1.27
AV.L:
£0.49
HSBA.L:
10.80
AV.L:
12.48
HSBA.L:
0.52
AV.L:
0.44
HSBA.L:
1.91
AV.L:
0.24
HSBA.L:
1.36
AV.L:
2.36
HSBA.L:
£125.68B
AV.L:
£80.81B
HSBA.L:
£61.95B
AV.L:
£84.57B
HSBA.L:
£31.98B
AV.L:
£2.85B
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Return for Risk
HSBA.L vs. AV.L — Risk / Return Rank
HSBA.L
AV.L
HSBA.L vs. AV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBA.L) and Aviva plc (AV.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.
| HSBA.L | AV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.05 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 0.33 | +3.60 |
| Martin ratioReturn relative to average drawdown | 14.65 | 0.76 | +13.89 |
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
| HSBA.L | AV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 0.20 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.31 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.21 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.18 | +0.04 |
Drawdowns
HSBA.L vs. AV.L - Drawdown Comparison
The maximum HSBA.L drawdown since its inception was -66.05%, which is greater than AV.L's maximum drawdown of -59.13%. Use the drawdown chart below to compare losses from any high point for HSBA.L and AV.L.
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Drawdown Indicators
| HSBA.L | AV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -59.13% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -12.23% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -12.83% | -9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -39.21% | +17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -59.13% | -0.83% |
Current DrawdownCurrent decline from peak | -2.74% | -8.30% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -16.08% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 5.33% | -1.06% |
Volatility
HSBA.L vs. AV.L - Volatility Comparison
HSBC Holdings plc (HSBA.L) has a higher volatility of 5.97% compared to Aviva plc (AV.L) at 5.46%. This indicates that HSBA.L's price experiences larger fluctuations and is considered to be riskier than AV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBA.L | AV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.46% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 15.98% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 20.18% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 25.94% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 27.65% | -2.88% |
Dividends
HSBA.L vs. AV.L - Dividend Comparison
HSBA.L's dividend yield for the trailing twelve months is around 4.06%, less than AV.L's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AV.L Aviva plc | 6.44% | 5.39% | 8.25% | 7.33% | 29.52% | 3.96% | 3.03% | 5.48% | 5.74% | 3.64% | 2.56% | 2.12% |
HSBA.L HSBC Holdings plc | 4.06% | 4.28% | 8.28% | 6.80% | 4.11% | 3.54% | 0.00% | 6.79% | 5.83% | 5.18% | 0.00% | 0.00% |
Financials
HSBA.L vs. AV.L - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and Aviva 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
HSBA.L vs. AV.L - Profitability Comparison
HSBA.L - 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 15.89B and revenue of 31.56B. Therefore, the gross margin over that period was 50.4%.
AV.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a gross profit of 38.52B and revenue of 38.52B. Therefore, the gross margin over that period was 100.0%.
HSBA.L - 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 9.18B and revenue of 31.56B, resulting in an operating margin of 29.1%.
AV.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported an operating income of 576.00M and revenue of 38.52B, resulting in an operating margin of 1.5%.
HSBA.L - 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 7.19B and revenue of 31.56B, resulting in a net margin of 22.8%.
AV.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a net income of 226.00M and revenue of 38.52B, resulting in a net margin of 0.6%.
Frequently Asked Questions
HSBA.L and AV.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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