HSBA.L vs. SHEL
HSBA.L (HSBC Holdings plc) and SHEL (Shell plc) are both stocks. HSBA.L operates in Banks - Diversified (Financial Services), while SHEL operates in Oil & Gas Integrated (Energy). Over the past 10 years, HSBA.L returned 18.05%/yr vs 10.76%/yr for SHEL. At a 0.34 correlation, their price movements are largely independent.
Performance
HSBA.L vs. SHEL - Performance Comparison
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Different Trading Currencies
HSBA.L is traded in GBp, while SHEL is traded in USD. To make them comparable, the SHEL values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with HSBA.L having a 20.63% return and SHEL slightly higher at 21.27%. Over the past 10 years, HSBA.L has outperformed SHEL with an annualized return of 18.05%, while SHEL has yielded a comparatively lower 10.76% 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%
SHEL
- 1D
- 1.43%
- 1M
- 6.38%
- YTD
- 21.27%
- 6M
- 21.19%
- 1Y
- 34.10%
- 3Y*
- 16.37%
- 5Y*
- 24.40%
- 10Y*
- 10.76%
HSBA.L vs. SHEL - 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% |
SHEL Shell plc | 21.27% | 13.46% | 0.86% | 14.19% | 52.37% | 35.54% | -42.81% | 2.33% | -1.73% | 11.15% |
Correlation
The correlation between HSBA.L and SHEL is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007 | 0.34 |
The correlation between HSBA.L and SHEL shifts across timeframes, from -0.04 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HSBA.L:
£237.12B
SHEL:
$247.11B
HSBA.L:
£1.27
SHEL:
$6.39
HSBA.L:
10.80
SHEL:
13.55
HSBA.L:
0.52
SHEL:
0.68
HSBA.L:
1.91
SHEL:
0.95
HSBA.L:
1.36
SHEL:
1.42
HSBA.L:
£125.68B
SHEL:
$266.82B
HSBA.L:
£61.95B
SHEL:
$41.65B
HSBA.L:
£31.98B
SHEL:
$57.44B
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Return for Risk
HSBA.L vs. SHEL — Risk / Return Rank
HSBA.L
SHEL
HSBA.L vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBA.L) and Shell plc (SHEL). 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 | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.28 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.63 | +1.29 |
| Martin ratioReturn relative to average drawdown | 14.65 | 7.22 | +7.43 |
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 | SHEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.61 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 1.01 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.36 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.26 | -0.04 |
Drawdowns
HSBA.L vs. SHEL - Drawdown Comparison
The maximum HSBA.L drawdown since its inception was -66.05%, roughly equal to the maximum SHEL drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for HSBA.L and SHEL.
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Drawdown Indicators
| HSBA.L | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -67.04% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -13.00% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -18.89% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -20.17% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -67.04% | +7.08% |
Current DrawdownCurrent decline from peak | -2.74% | -7.45% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -13.36% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 4.73% | -0.46% |
Volatility
HSBA.L vs. SHEL - Volatility Comparison
HSBC Holdings plc (HSBA.L) has a higher volatility of 5.97% compared to Shell plc (SHEL) at 5.63%. This indicates that HSBA.L's price experiences larger fluctuations and is considered to be riskier than SHEL 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 | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.63% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 17.42% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 21.36% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 24.17% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 29.95% | -5.18% |
Dividends
HSBA.L vs. SHEL - Dividend Comparison
HSBA.L's dividend yield for the trailing twelve months is around 4.06%, more than SHEL's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHEL Shell plc | 3.41% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
HSBA.L vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and Shell 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. SHEL - 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%.
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
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%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
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%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
Frequently Asked Questions
HSBA.L and SHEL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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