HSBC vs. NMR
HSBC (HSBC Holdings plc) and NMR (Nomura Holdings, Inc.) are both stocks. Both are in the Financial Services sector — HSBC in Banks - Diversified, NMR in Capital Markets. Over the past 10 years, HSBC returned 17.91%/yr vs 10.27%/yr for NMR. At a 0.41 correlation, their price movements are largely independent.
Performance
HSBC vs. NMR - 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 NMR's 2.26% return. Over the past 10 years, HSBC has outperformed NMR with an annualized return of 17.91%, while NMR has yielded a comparatively lower 10.27% 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%
NMR
- 1D
- 2.02%
- 1M
- 7.92%
- YTD
- 2.26%
- 6M
- 10.00%
- 1Y
- 40.79%
- 3Y*
- 37.17%
- 5Y*
- 13.07%
- 10Y*
- 10.27%
HSBC vs. NMR - 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% |
NMR Nomura Holdings, Inc. | 2.26% | 54.10% | 34.05% | 21.84% | -10.28% | -18.76% | 4.39% | 38.71% | -36.08% | 0.16% |
Correlation
The correlation between HSBC and NMR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1999 | 0.41 |
Fundamentals
HSBC:
$316.57B
NMR:
$26.11B
HSBC:
$6.38
NMR:
$118.76
HSBC:
14.34
NMR:
0.07
HSBC:
0.71
NMR:
0.00
HSBC:
2.49
NMR:
0.01
HSBC:
1.81
NMR:
0.01
HSBC:
$128.37B
NMR:
$4.76T
HSBC:
$65.42B
NMR:
$2.17T
HSBC:
$34.27B
NMR:
$608.09B
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Return for Risk
HSBC vs. NMR — Risk / Return Rank
HSBC
NMR
HSBC vs. NMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBC) and Nomura Holdings, Inc. (NMR). 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 | NMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.83 | +1.88 |
| Martin ratioReturn relative to average drawdown | 13.24 | 4.67 | +8.58 |
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 | NMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 1.39 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.44 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.34 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.00 | +0.25 |
Drawdowns
HSBC vs. NMR - Drawdown Comparison
The maximum HSBC drawdown since its inception was -74.47%, smaller than the maximum NMR drawdown of -89.27%. Use the drawdown chart below to compare losses from any high point for HSBC and NMR.
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Drawdown Indicators
| HSBC | NMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.47% | -89.27% | +14.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -22.43% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -26.34% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -42.87% | +11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -62.26% | -55.34% | -6.92% |
Current DrawdownCurrent decline from peak | -3.87% | -57.85% | +53.98% |
Average DrawdownAverage peak-to-trough decline | -24.11% | -61.51% | +37.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 8.77% | -4.22% |
Volatility
HSBC vs. NMR - Volatility Comparison
HSBC Holdings plc (HSBC) has a higher volatility of 7.33% compared to Nomura Holdings, Inc. (NMR) at 6.72%. This indicates that HSBC's price experiences larger fluctuations and is considered to be riskier than NMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSBC | NMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 6.72% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 22.62% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 29.56% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 29.68% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 30.71% | -5.15% |
Dividends
HSBC vs. NMR - Dividend Comparison
HSBC's dividend yield for the trailing twelve months is around 4.10%, more than NMR's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMR Nomura Holdings, Inc. | 2.03% | 4.91% | 4.29% | 1.20% | 3.86% | 0.00% | 0.86% | 0.00% | 0.00% | 1.70% | 1.79% | 3.34% |
Financials
HSBC vs. NMR - Financials Comparison
This section allows you to compare key financial metrics between HSBC Holdings plc and Nomura Holdings, Inc.. 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. NMR - 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%.
NMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a gross profit of 723.15B and revenue of 1.36T. Therefore, the gross margin over that period was 53.2%.
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%.
NMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported an operating income of 107.67B and revenue of 1.36T, resulting in an operating margin of 7.9%.
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%.
NMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a net income of 73.93B and revenue of 1.36T, resulting in a net margin of 5.4%.
Frequently Asked Questions
HSBC and NMR have a correlation of 0.50, 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 NMR (6.72%). In terms of maximum drawdown, HSBC dropped -74.47% vs NMR's -89.27%.
HSBC currently has the higher Sharpe Ratio (2.30 vs 1.39), 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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