HSBK.L vs. KSPI

Last updated Apr 2, 2026

Compare and contrast key facts about Halyk Bank AO DRC (HSBK.L) and Joint Stock Company Kaspi.kz (KSPI).

Performance

HSBK.L vs. KSPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Halyk Bank AO DRC (HSBK.L) and Joint Stock Company Kaspi.kz (KSPI). The values are adjusted to include any dividend payments, if applicable.

HSBK.L vs. KSPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HSBK.L Halyk Bank AO DRC	8.90%	77.45%	60.10%
KSPI Joint Stock Company Kaspi.kz	-6.02%	-17.51%	8.53%

Fundamentals

Market Cap HSBK.L : $8.68B KSPI : $13.95B
EPS HSBK.L : $3.78K KSPI : $5.53K
PE Ratio HSBK.L : 0.01 KSPI : 0.01
PEG Ratio HSBK.L : 0.00 KSPI : 0.00
PS Ratio HSBK.L : 0.00 KSPI : 0.00
PB Ratio HSBK.L : 0.00 KSPI : 0.01
Total Revenue (TTM) HSBK.L : $3.38T KSPI : $4.01T
Gross Profit (TTM) HSBK.L : $1.86T KSPI : $2.69T
EBITDA (TTM) HSBK.L : $1.27T KSPI : $1.56T

Returns By Period

In the year-to-date period, HSBK.L achieves a 8.90% return, which is significantly higher than KSPI's -6.02% return.

HSBK.L

• 1D: -0.07%
• 1M: -1.20%
• YTD: 8.90%
• 6M: 19.90%
• 1Y: 48.18%
• 3Y*: 65.80%
• 5Y*: 36.15%
• 10Y*: 35.71%

KSPI

• 1D: -0.86%
• 1M: -5.86%
• YTD: -6.02%
• 6M: -7.75%
• 1Y: -22.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HSBK.L vs. KSPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSBK.L

HSBK.L Risk / Return Rank: 87
HSBK.L Sharpe Ratio Rank: 84
HSBK.L Sortino Ratio Rank: 84
HSBK.L Omega Ratio Rank: 86
HSBK.L Calmar Ratio Rank: 89
HSBK.L Martin Ratio Rank: 94

KSPI

KSPI Risk / Return Rank: 16
KSPI Sharpe Ratio Rank: 16
KSPI Sortino Ratio Rank: 15
KSPI Omega Ratio Rank: 17
KSPI Calmar Ratio Rank: 16
KSPI Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSBK.L vs. KSPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Halyk Bank AO DRC (HSBK.L) and Joint Stock Company Kaspi.kz (KSPI). 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.

	HSBK.L	KSPI	Difference
Sharpe ratio Return per unit of total volatility	1.54	-0.58	+2.12
Sortino ratio Return per unit of downside risk	2.38	-0.70	+3.08
Omega ratio Gain probability vs. loss probability	1.35	0.92	+0.43
Calmar ratio Return relative to maximum drawdown	3.86	-0.71	+4.56
Martin ratio Return relative to average drawdown	14.73	-1.18	+15.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSBK.L vs. KSPI - Sharpe Ratio Comparison

The current HSBK.L Sharpe Ratio is 1.54, which is higher than the KSPI Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of HSBK.L and KSPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HSBK.L	KSPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	-0.58	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.20	+0.38

Correlation

The correlation between HSBK.L and KSPI is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HSBK.L vs. KSPI - Dividend Comparison

HSBK.L's dividend yield for the trailing twelve months is around 11.80%, while KSPI has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSBK.L Halyk Bank AO DRC	11.80%	12.85%	15.27%	14.72%	9.72%	9.97%	13.81%	8.32%	7.18%	0.00%	0.00%	13.23%
KSPI Joint Stock Company Kaspi.kz	0.00%	0.00%	11.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HSBK.L vs. KSPI - Drawdown Comparison

The maximum HSBK.L drawdown since its inception was -93.79%, which is greater than KSPI's maximum drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for HSBK.L and KSPI.

Drawdown Indicators

	HSBK.L	KSPI	Difference
Max Drawdown Largest peak-to-trough decline	-93.79%	-48.05%	-45.74%
Max Drawdown (1Y) Largest decline over 1 year	-17.44%	-29.55%	+12.11%
Max Drawdown (5Y) Largest decline over 5 years	-61.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.63%	—	—
Current Drawdown Current decline from peak	-2.44%	-44.58%	+42.14%
Average Drawdown Average peak-to-trough decline	-46.22%	-25.09%	-21.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	17.77%	-14.21%

Volatility

HSBK.L vs. KSPI - Volatility Comparison

The current volatility for Halyk Bank AO DRC (HSBK.L) is 5.88%, while Joint Stock Company Kaspi.kz (KSPI) has a volatility of 10.55%. This indicates that HSBK.L experiences smaller price fluctuations and is considered to be less risky than KSPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSBK.L	KSPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	10.55%	-4.67%
Volatility (6M) Calculated over the trailing 6-month period	17.10%	23.48%	-6.38%
Volatility (1Y) Calculated over the trailing 1-year period	31.25%	38.61%	-7.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.97%	38.72%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.50%	38.72%	+1.78%

Financials

HSBK.L vs. KSPI - Profitability Comparison

The chart below illustrates the profitability comparison between Halyk Bank AO DRC and Joint Stock Company Kaspi.kz over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HSBK.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported a gross profit of 510.28B and revenue of 1.03T. Therefore, the gross margin over that period was 49.6%.

KSPI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a gross profit of 819.91B and revenue of 1.11T. Therefore, the gross margin over that period was 73.9%.

HSBK.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported an operating income of 305.12B and revenue of 1.03T, resulting in an operating margin of 29.6%.

KSPI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported an operating income of 344.41B and revenue of 1.11T, resulting in an operating margin of 31.1%.

HSBK.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported a net income of 219.43B and revenue of 1.03T, resulting in a net margin of 21.3%.

KSPI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a net income of 267.97B and revenue of 1.11T, resulting in a net margin of 24.2%.