IAG.L vs. 2318.HK

Last updated Jun 5, 2026

IAG.L (International Consolidated Airlines Group S.A) and 2318.HK (Ping An Insurance) are both stocks. IAG.L operates in Airlines (Industrials), while 2318.HK operates in Insurance - Life (Financial Services). Over the past 10 years, IAG.L returned 7.47%/yr vs 10.38%/yr for 2318.HK. At a 0.13 correlation, their price movements are largely independent.

Performance

IAG.L vs. 2318.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in International Consolidated Airlines Group S.A (IAG.L) and Ping An Insurance (2318.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IAG.L is traded in GBp, while 2318.HK is traded in HKD. To make them comparable, the 2318.HK values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAG.L achieves a 1.69% return, which is significantly higher than 2318.HK's -9.58% return. Over the past 10 years, IAG.L has underperformed 2318.HK with an annualized return of 7.47%, while 2318.HK has yielded a comparatively higher 10.38% annualized return.

IAG.L

• 1D: 0.26%
• 1M: 15.08%
• YTD: 1.69%
• 6M: 9.43%
• 1Y: 28.99%
• 3Y*: 40.77%
• 5Y*: 17.44%
• 10Y*: 7.47%

2318.HK

• 1D: -1.23%
• 1M: -6.11%
• YTD: -9.58%
• 6M: 2.86%
• 1Y: 32.79%
• 3Y*: 8.09%
• 5Y*: -0.48%
• 10Y*: 10.38%

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

IAG.L vs. 2318.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAG.L International Consolidated Airlines Group S.A	1.69%	40.88%	97.53%	25.16%	-13.08%	-10.84%	-56.33%	21.33%	0.70%	55.74%
2318.HK Ping An Insurance	-9.58%	38.54%	42.83%	-31.40%	9.14%	-38.34%	3.57%	31.99%	-7.61%	94.17%

Correlation

The correlation between IAG.L and 2318.HK is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.13

Return for Risk

IAG.L vs. 2318.HK — Risk / Return Rank

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

IAG.L

IAG.L Risk / Return Rank: 64
IAG.L Sharpe Ratio Rank: 67
IAG.L Sortino Ratio Rank: 61
IAG.L Omega Ratio Rank: 60
IAG.L Calmar Ratio Rank: 64
IAG.L Martin Ratio Rank: 67

2318.HK

2318.HK Risk / Return Rank: 70
2318.HK Sharpe Ratio Rank: 74
2318.HK Sortino Ratio Rank: 70
2318.HK Omega Ratio Rank: 67
2318.HK Calmar Ratio Rank: 69
2318.HK Martin Ratio Rank: 70

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.

IAG.L vs. 2318.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for International Consolidated Airlines Group S.A (IAG.L) and Ping An Insurance (2318.HK). 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.

	IAG.L	2318.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.15	-0.35
Sortino ratio: Return per unit of downside risk	1.29	1.73	-0.45
Omega ratio: Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio: Return relative to maximum drawdown	1.15	1.62	-0.47
Martin ratio: Return relative to average drawdown	3.02	4.08	-1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAG.L vs. 2318.HK - Sharpe Ratio Comparison

The current IAG.L Sharpe Ratio is 0.80, which is lower than the 2318.HK Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of IAG.L and 2318.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IAG.L	2318.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.15	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	-0.01	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.32	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.24	-0.09

Drawdowns

IAG.L vs. 2318.HK - Drawdown Comparison

The maximum IAG.L drawdown since its inception was -86.39%, which is greater than 2318.HK's maximum drawdown of -72.65%. Use the drawdown chart below to compare losses from any high point for IAG.L and 2318.HK.

Drawdown Indicators

	IAG.L	2318.HK	Difference
Max Drawdown Largest peak-to-trough decline	-86.39%	-72.65%	-13.74%
Max Drawdown (1Y) Largest decline over 1 year	-25.15%	-20.81%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	-38.74%	-45.45%	+6.71%
Max Drawdown (5Y) Largest decline over 5 years	-54.20%	-53.98%	-0.22%
Max Drawdown (10Y) Largest decline over 10 years	-76.84%	-64.31%	-12.53%
Current Drawdown Current decline from peak	-7.87%	-24.30%	+16.43%
Average Drawdown Average peak-to-trough decline	-37.80%	-28.12%	-9.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	8.17%	+1.40%

Volatility

IAG.L vs. 2318.HK - Volatility Comparison

International Consolidated Airlines Group S.A (IAG.L) has a higher volatility of 13.52% compared to Ping An Insurance (2318.HK) at 5.07%. This indicates that IAG.L's price experiences larger fluctuations and is considered to be riskier than 2318.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAG.L	2318.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.52%	5.07%	+8.45%
Volatility (6M) Calculated over the trailing 6-month period	28.19%	22.81%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	35.96%	29.33%	+6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.04%	40.21%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.30%	33.29%	+12.01%

Dividends

IAG.L vs. 2318.HK - Dividend Comparison

IAG.L's dividend yield for the trailing twelve months is around 2.22%, less than 2318.HK's 5.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2318.HK Ping An Insurance	5.37%	4.30%	5.79%	7.68%	5.55%	4.86%	2.44%	2.30%	3.16%	1.50%	1.67%	1.98%
IAG.L International Consolidated Airlines Group S.A	2.22%	2.25%	0.86%	0.00%	0.00%	0.00%	10.64%	13.78%	6.12%	5.01%	6.21%	2.14%

Financials

Frequently Asked Questions

Can I hold both IAG.L and 2318.HK in my portfolio?

IAG.L and 2318.HK have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.