HSBA.L vs. GRP.IR
HSBA.L (HSBC Holdings plc) and GRP.IR (Greencoat Renewables PLC) are both stocks. HSBA.L operates in Banks - Diversified (Financial Services), while GRP.IR operates in Utilities - Renewable (Utilities). Over the past 5 years, HSBA.L returned 33.67%/yr vs -4.82%/yr for GRP.IR. At a 0.08 correlation, their price movements are largely independent.
Performance
HSBA.L vs. GRP.IR - Performance Comparison
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Different Trading Currencies
HSBA.L is traded in GBp, while GRP.IR is traded in EUR. To make them comparable, the GRP.IR values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSBA.L achieves a 20.63% return, which is significantly higher than GRP.IR's -0.65% 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%
GRP.IR
- 1D
- 0.21%
- 1M
- 0.19%
- YTD
- -0.65%
- 6M
- -0.85%
- 1Y
- 2.83%
- 3Y*
- -9.44%
- 5Y*
- -4.82%
- 10Y*
- —
HSBA.L vs. GRP.IR - 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% | 6.14% |
GRP.IR Greencoat Renewables PLC | -0.65% | -1.30% | -22.68% | -8.33% | 12.33% | -4.76% | 9.33% | 14.50% | 4.12% | 1.30% |
Correlation
The correlation between HSBA.L and GRP.IR is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.08 |
The correlation between HSBA.L and GRP.IR shifts across timeframes, from -0.05 (1 year) to 0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HSBA.L vs. GRP.IR — Risk / Return Rank
HSBA.L
GRP.IR
HSBA.L vs. GRP.IR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBA.L) and Greencoat Renewables PLC (GRP.IR). 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 | GRP.IR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.12 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 1.14 | +2.79 |
| Martin ratioReturn relative to average drawdown | 14.65 | 2.16 | +12.49 |
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 | GRP.IR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 0.69 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | -0.29 | +1.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.01 | +0.23 |
Drawdowns
HSBA.L vs. GRP.IR - Drawdown Comparison
The maximum HSBA.L drawdown since its inception was -66.05%, which is greater than GRP.IR's maximum drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for HSBA.L and GRP.IR.
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Drawdown Indicators
| HSBA.L | GRP.IR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -38.43% | -27.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -2.42% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -30.77% | +8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -38.43% | +16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -35.02% | +32.28% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -13.39% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 1.29% | +2.98% |
Volatility
HSBA.L vs. GRP.IR - Volatility Comparison
HSBC Holdings plc (HSBA.L) has a higher volatility of 5.97% compared to Greencoat Renewables PLC (GRP.IR) at 1.03%. This indicates that HSBA.L's price experiences larger fluctuations and is considered to be riskier than GRP.IR 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 | GRP.IR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 1.03% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 2.62% | +18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 3.99% | +21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 16.57% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 19.28% | +5.49% |
Dividends
HSBA.L vs. GRP.IR - Dividend Comparison
HSBA.L's dividend yield for the trailing twelve months is around 4.06%, while GRP.IR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Financials
HSBA.L vs. GRP.IR - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and Greencoat Renewables 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
HSBA.L and GRP.IR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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