HSBC vs. BNPQY
HSBC (HSBC Holdings plc) and BNPQY (BNP Paribas SA ADR) are both stocks. Both are in the Financial Services sector — HSBC in Banks - Diversified, BNPQY in Banks - Regional. Over the past 10 years, HSBC returned 18.67%/yr vs 16.55%/yr for BNPQY. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
HSBC vs. BNPQY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HSBC having a 26.83% return and BNPQY slightly lower at 25.98%. Over the past 10 years, HSBC has outperformed BNPQY with an annualized return of 18.67%, while BNPQY has yielded a comparatively lower 16.55% annualized return.
HSBC
- 1D
- 1.62%
- 1M
- 4.88%
- YTD
- 26.83%
- 6M
- 26.73%
- 1Y
- 73.28%
- 3Y*
- 46.06%
- 5Y*
- 34.91%
- 10Y*
- 18.67%
BNPQY
- 1D
- 0.57%
- 1M
- 12.00%
- YTD
- 25.98%
- 6M
- 26.68%
- 1Y
- 44.77%
- 3Y*
- 32.90%
- 5Y*
- 21.08%
- 10Y*
- 16.55%
HSBC vs. BNPQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 26.83% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
BNPQY BNP Paribas SA ADR | 25.98% | 69.69% | -5.62% | 30.70% | -11.93% | 37.32% | -10.37% | 41.54% | -36.39% | 22.21% |
Correlation
The correlation between HSBC and BNPQY is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.57 |
The correlation between HSBC and BNPQY has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
Fundamentals
HSBC:
$333.79B
BNPQY:
$127.77B
HSBC:
$6.38
BNPQY:
€8.83
HSBC:
15.12
BNPQY:
5.75
HSBC:
0.74
BNPQY:
0.62
HSBC:
2.63
BNPQY:
0.60
HSBC:
1.91
BNPQY:
0.89
HSBC:
$128.37B
BNPQY:
€188.04B
HSBC:
$65.42B
BNPQY:
€43.04B
HSBC:
$34.27B
BNPQY:
€24.17B
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Return for Risk
HSBC vs. BNPQY — Risk / Return Rank
HSBC
BNPQY
HSBC vs. BNPQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBC) and BNP Paribas SA ADR (BNPQY). 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 | BNPQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.25 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 2.15 | +2.37 |
| Martin ratioReturn relative to average drawdown | 15.96 | 5.31 | +10.65 |
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Drawdowns
HSBC vs. BNPQY - Drawdown Comparison
The maximum HSBC drawdown since its inception was -74.47%, roughly equal to the maximum BNPQY drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for HSBC and BNPQY.
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Drawdown Indicators
| HSBC | BNPQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.47% | -77.11% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -20.89% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -21.83% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -42.53% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -62.26% | -64.70% | +2.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -22.68% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 8.45% | -3.85% |
Volatility
HSBC vs. BNPQY - Volatility Comparison
HSBC Holdings plc (HSBC) has a higher volatility of 9.00% compared to BNP Paribas SA ADR (BNPQY) at 8.31%. This indicates that HSBC's price experiences larger fluctuations and is considered to be riskier than BNPQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBC | BNPQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.00% | 8.31% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 23.31% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 31.01% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.93% | 31.48% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 34.27% | -8.68% |
Dividends
HSBC vs. BNPQY - Dividend Comparison
HSBC's dividend yield for the trailing twelve months is around 3.89%, less than BNPQY's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNPQY BNP Paribas SA ADR | 5.19% | 8.76% | 8.11% | 6.18% | 6.96% | 4.59% | 0.00% | 5.73% | 8.25% | 4.05% | 4.11% | 2.92% |
HSBC HSBC Holdings plc | 3.89% | 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. BNPQY - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and BNP Paribas SA ADR. 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. BNPQY - 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%.
BNPQY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BNP Paribas SA ADR reported a gross profit of 0.00 and revenue of 75.80B. Therefore, the gross margin over that period was 0.0%.
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%.
BNPQY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BNP Paribas SA ADR reported an operating income of 3.77B and revenue of 75.80B, resulting in an operating margin of 5.0%.
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%.
BNPQY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BNP Paribas SA ADR reported a net income of 5.64B and revenue of 75.80B, resulting in a net margin of 7.5%.
Frequently Asked Questions
HSBC and BNPQY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSBC has higher volatility (9.00%) compared to BNPQY (8.31%). In terms of maximum drawdown, HSBC dropped -74.47% vs BNPQY's -77.11%.
HSBC currently has the higher Sharpe Ratio (2.73 vs 1.45), 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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