HSBC vs. IX
HSBC (HSBC Holdings plc) and IX (ORIX Corporation) are both stocks. Both are in the Financial Services sector — HSBC in Banks - Diversified, IX in Credit Services. Over the past 10 years, HSBC returned 18.39%/yr vs 13.56%/yr for IX. At a 0.34 correlation, their price movements are largely independent.
Performance
HSBC vs. IX - Performance Comparison
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Returns By Period
In the year-to-date period, HSBC achieves a 21.78% return, which is significantly lower than IX's 32.34% return. Over the past 10 years, HSBC has outperformed IX with an annualized return of 18.39%, while IX has yielded a comparatively lower 13.56% annualized return.
HSBC
- 1D
- 2.15%
- 1M
- 4.85%
- YTD
- 21.78%
- 6M
- 27.76%
- 1Y
- 64.27%
- 3Y*
- 43.81%
- 5Y*
- 32.55%
- 10Y*
- 18.39%
IX
- 1D
- -0.10%
- 1M
- 5.51%
- YTD
- 32.34%
- 6M
- 34.13%
- 1Y
- 82.91%
- 3Y*
- 33.19%
- 5Y*
- 19.80%
- 10Y*
- 13.56%
HSBC vs. IX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 21.78% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
IX ORIX Corporation | 32.34% | 43.44% | 17.66% | 19.98% | -19.17% | 31.62% | -4.86% | 16.58% | -15.61% | 10.64% |
Correlation
The correlation between HSBC and IX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 1999 | 0.34 |
Fundamentals
HSBC:
$320.51B
IX:
$42.01B
HSBC:
$6.38
IX:
¥401.75
HSBC:
14.52
IX:
15.42
HSBC:
0.71
IX:
1.04
HSBC:
2.52
IX:
2.07
HSBC:
1.84
IX:
1.49
HSBC:
$128.37B
IX:
¥3.34T
HSBC:
$65.42B
IX:
¥1.17T
HSBC:
$34.27B
IX:
¥1.27T
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Return for Risk
HSBC vs. IX — Risk / Return Rank
HSBC
IX
HSBC vs. IX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBC) and ORIX Corporation (IX). 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 | IX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.51 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 4.00 | -0.20 |
| Martin ratioReturn relative to average drawdown | 13.41 | 11.49 | +1.92 |
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Drawdowns
HSBC vs. IX - Drawdown Comparison
The maximum HSBC drawdown since its inception was -74.47%, smaller than the maximum IX drawdown of -93.82%. Use the drawdown chart below to compare losses from any high point for HSBC and IX.
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Drawdown Indicators
| HSBC | IX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.47% | -93.82% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -20.33% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -24.34% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -37.67% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -62.26% | -47.23% | -15.03% |
Current DrawdownCurrent decline from peak | -2.67% | -3.13% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -24.09% | -44.93% | +20.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 7.07% | -2.46% |
Volatility
HSBC vs. IX - Volatility Comparison
HSBC Holdings plc (HSBC) has a higher volatility of 10.18% compared to ORIX Corporation (IX) at 9.27%. This indicates that HSBC's price experiences larger fluctuations and is considered to be riskier than IX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBC | IX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 9.27% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 22.25% | 22.55% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.11% | 26.73% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 25.07% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.62% | 25.70% | -0.08% |
Dividends
HSBC vs. IX - Dividend Comparison
HSBC's dividend yield for the trailing twelve months is around 4.05%, more than IX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 4.05% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
IX ORIX Corporation | 1.55% | 3.43% | 3.63% | 3.22% | 1.94% | 0.00% | 2.17% | 0.00% | 0.00% | 1.41% | 2.40% | 0.00% |
Financials
HSBC vs. IX - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and ORIX Corporation. 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. IX - 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%.
IX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a gross profit of 326.61B and revenue of 938.86B. Therefore, the gross margin over that period was 34.8%.
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%.
IX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported an operating income of 415.02B and revenue of 938.86B, resulting in an operating margin of 44.2%.
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%.
IX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a net income of 58.65B and revenue of 938.86B, resulting in a net margin of 6.3%.
Frequently Asked Questions
HSBC and IX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSBC has higher volatility (10.18%) compared to IX (9.27%). In terms of maximum drawdown, HSBC dropped -74.47% vs IX's -93.82%.
IX currently has the higher Sharpe Ratio (3.04 vs 2.28), 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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