HSBC vs. AMLP
HSBC (HSBC Holdings plc) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, HSBC returned 18.60%/yr vs 6.80%/yr for AMLP. At a 0.33 correlation, their price movements are largely independent.
Performance
HSBC vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, HSBC achieves a 32.10% return, which is significantly higher than AMLP's 19.32% return. Over the past 10 years, HSBC has outperformed AMLP with an annualized return of 18.60%, while AMLP has yielded a comparatively lower 6.80% annualized return.
HSBC
- 1D
- 0.06%
- 1M
- 6.43%
- 6M
- 25.47%
- YTD
- 32.10%
- 1Y
- 68.61%
- 3Y*
- 44.97%
- 5Y*
- 37.66%
- 10Y*
- 18.60%
AMLP
- 1D
- 1.41%
- 1M
- 5.83%
- 6M
- 14.27%
- YTD
- 19.32%
- 1Y
- 20.19%
- 3Y*
- 19.61%
- 5Y*
- 19.03%
- 10Y*
- 6.80%
HSBC vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 32.10% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
AMLP Alerian MLP ETF | 19.32% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between HSBC and AMLP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.33 |
The correlation between HSBC and AMLP shifts across timeframes, from -0.14 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSBC vs. AMLP — Risk / Return Rank
HSBC
AMLP
HSBC vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBC) and Alerian MLP ETF (AMLP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSBC | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 2.27 | +1.97 |
| Martin ratioReturn relative to average drawdown | 14.91 | 6.33 | +8.58 |
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Drawdowns
HSBC vs. AMLP - Drawdown Comparison
The maximum HSBC drawdown since its inception was -74.47%, roughly equal to the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for HSBC and AMLP.
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Drawdown Indicators
| HSBC | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.47% | -77.19% | +2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -8.94% | -7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -14.27% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -20.92% | -10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -62.26% | -72.62% | +10.36% |
Current DrawdownCurrent decline from peak | 0.00% | -1.62% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -24.02% | -17.31% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 3.20% | +1.42% |
Volatility
HSBC vs. AMLP - Volatility Comparison
HSBC Holdings plc (HSBC) has a higher volatility of 5.73% compared to Alerian MLP ETF (AMLP) at 5.08%. This indicates that HSBC's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBC | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.08% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.38% | 9.66% | +12.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.10% | 12.59% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 19.68% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 27.64% | -2.27% |
Dividends
HSBC vs. AMLP - Dividend Comparison
HSBC's dividend yield for the trailing twelve months is around 3.73%, less than AMLP's 7.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.45% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
HSBC HSBC Holdings plc | 3.73% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
Frequently Asked Questions
HSBC and AMLP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSBC has higher volatility (5.73%) compared to AMLP (5.08%). In terms of maximum drawdown, HSBC dropped -74.47% vs AMLP's -77.19%.
HSBC currently has the higher Sharpe Ratio (2.55 vs 1.61), 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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