HSBC vs. AEG
HSBC (HSBC Holdings plc) and AEG (Aegon N.V.) are both stocks. Both are in the Financial Services sector — HSBC in Banks - Diversified, AEG in Insurance - Diversified. Over the past 10 years, HSBC returned 17.91%/yr vs 11.39%/yr for AEG. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
HSBC vs. AEG - Performance Comparison
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Returns By Period
In the year-to-date period, HSBC achieves a 20.29% return, which is significantly higher than AEG's 6.61% return. Over the past 10 years, HSBC has outperformed AEG with an annualized return of 17.91%, while AEG has yielded a comparatively lower 11.39% annualized return.
HSBC
- 1D
- 0.80%
- 1M
- 2.08%
- YTD
- 20.29%
- 6M
- 33.24%
- 1Y
- 60.06%
- 3Y*
- 43.23%
- 5Y*
- 32.21%
- 10Y*
- 17.91%
AEG
- 1D
- -0.24%
- 1M
- -1.08%
- YTD
- 6.61%
- 6M
- 3.66%
- 1Y
- 20.46%
- 3Y*
- 25.46%
- 5Y*
- 18.27%
- 10Y*
- 11.39%
HSBC vs. AEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 20.29% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
AEG Aegon N.V. | 6.61% | 39.08% | 8.38% | 21.19% | 6.45% | 29.44% | -10.42% | 5.37% | -22.29% | 20.46% |
Correlation
The correlation between HSBC and AEG is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1999 | 0.57 |
The correlation between HSBC and AEG has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Fundamentals
HSBC:
$316.57B
AEG:
$12.43B
HSBC:
$6.38
AEG:
$1.07
HSBC:
14.34
AEG:
7.66
HSBC:
0.71
AEG:
0.22
HSBC:
2.49
AEG:
0.28
HSBC:
1.81
AEG:
1.65
HSBC:
$128.37B
AEG:
$45.17B
HSBC:
$65.42B
AEG:
$45.17B
HSBC:
$34.27B
AEG:
$1.06B
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Return for Risk
HSBC vs. AEG — Risk / Return Rank
HSBC
AEG
HSBC vs. AEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBC) and Aegon N.V. (AEG). 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.
| HSBC | AEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.31 | +2.40 |
| Martin ratioReturn relative to average drawdown | 13.24 | 3.77 | +9.48 |
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
| HSBC | AEG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 0.81 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.60 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.32 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.21 | +0.04 |
Drawdowns
HSBC vs. AEG - Drawdown Comparison
The maximum HSBC drawdown since its inception was -74.47%, smaller than the maximum AEG drawdown of -94.91%. Use the drawdown chart below to compare losses from any high point for HSBC and AEG.
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Drawdown Indicators
| HSBC | AEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.47% | -94.91% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -15.65% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -18.37% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -36.56% | +4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -62.26% | -71.11% | +8.85% |
Current DrawdownCurrent decline from peak | -3.87% | -63.55% | +59.68% |
Average DrawdownAverage peak-to-trough decline | -24.11% | -52.67% | +28.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 5.45% | -0.90% |
Volatility
HSBC vs. AEG - Volatility Comparison
HSBC Holdings plc (HSBC) has a higher volatility of 7.33% compared to Aegon N.V. (AEG) at 6.03%. This indicates that HSBC's price experiences larger fluctuations and is considered to be riskier than AEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBC | AEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 6.03% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 20.38% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 25.40% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 30.81% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 35.66% | -10.10% |
Dividends
HSBC vs. AEG - Dividend Comparison
HSBC's dividend yield for the trailing twelve months is around 4.10%, less than AEG's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEG Aegon N.V. | 5.37% | 5.72% | 5.93% | 4.89% | 4.08% | 3.37% | 1.80% | 7.37% | 7.02% | 4.74% | 5.30% | 4.72% |
HSBC HSBC Holdings plc | 4.10% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
Financials
HSBC vs. AEG - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and Aegon N.V.. 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
HSBC vs. AEG - Profitability Comparison
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%.
AEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported a gross profit of 19.00B and revenue of 19.00B. Therefore, the gross margin over that period was 100.0%.
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%.
AEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported an operating income of 365.28M and revenue of 19.00B, resulting in an operating margin of 1.9%.
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%.
AEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aegon N.V. reported a net income of 389.10M and revenue of 19.00B, resulting in a net margin of 2.1%.
Frequently Asked Questions
HSBC and AEG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSBC has higher volatility (7.33%) compared to AEG (6.03%). In terms of maximum drawdown, HSBC dropped -74.47% vs AEG's -94.91%.
HSBC currently has the higher Sharpe Ratio (2.30 vs 0.81), 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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