ING vs. HSBC

Last updated Apr 1, 2026

Compare and contrast key facts about ING Groep N.V. (ING) and HSBC Holdings plc (HSBC).

Performance

ING vs. HSBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ING Groep N.V. (ING) and HSBC Holdings plc (HSBC). The values are adjusted to include any dividend payments, if applicable.

ING vs. HSBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ING ING Groep N.V.	-6.29%	91.12%	12.25%	31.88%	-4.22%	55.41%	-21.66%	20.03%	-41.15%	35.53%
HSBC HSBC Holdings plc	7.81%	67.91%	34.48%	39.45%	7.79%	20.76%	-31.71%	1.44%	-16.05%	36.04%

Fundamentals

Market Cap ING : $75.96B HSBC : $290.51B
EPS ING : $2.12 HSBC : $6.36
PE Ratio ING : 12.31 HSBC : 12.98
PEG Ratio ING : 0.73 HSBC : 0.64
PS Ratio ING : 1.89 HSBC : 1.96
PB Ratio ING : 1.53 HSBC : 1.64
Total Revenue (TTM) ING : $41.11B HSBC : $147.86B
Gross Profit (TTM) ING : $40.18B HSBC : $80.78B
EBITDA (TTM) ING : $9.13B HSBC : $29.03B

Returns By Period

In the year-to-date period, ING achieves a -6.29% return, which is significantly lower than HSBC's 7.81% return. Over the past 10 years, ING has underperformed HSBC with an annualized return of 13.93%, while HSBC has yielded a comparatively higher 16.85% annualized return.

ING

• 1D: 5.17%
• 1M: -9.45%
• YTD: -6.29%
• 6M: 0.61%
• 1Y: 41.72%
• 3Y*: 39.26%
• 5Y*: 24.44%
• 10Y*: 13.93%

HSBC

• 1D: 3.96%
• 1M: -8.96%
• YTD: 7.81%
• 6M: 20.32%
• 1Y: 51.19%
• 3Y*: 44.33%
• 5Y*: 30.73%
• 10Y*: 16.85%

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

Return for Risk

ING vs. HSBC — Risk / Return Rank

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

ING

ING Risk / Return Rank: 81
ING Sharpe Ratio Rank: 84
ING Sortino Ratio Rank: 80
ING Omega Ratio Rank: 79
ING Calmar Ratio Rank: 78
ING Martin Ratio Rank: 83

HSBC

HSBC Risk / Return Rank: 86
HSBC Sharpe Ratio Rank: 89
HSBC Sortino Ratio Rank: 84
HSBC Omega Ratio Rank: 86
HSBC Calmar Ratio Rank: 83
HSBC Martin Ratio Rank: 89

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.

ING vs. HSBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ING Groep N.V. (ING) and HSBC Holdings plc (HSBC). 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.

	ING	HSBC	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.84	-0.36
Sortino ratio Return per unit of downside risk	2.06	2.31	-0.25
Omega ratio Gain probability vs. loss probability	1.27	1.34	-0.06
Calmar ratio Return relative to maximum drawdown	2.02	2.58	-0.56
Martin ratio Return relative to average drawdown	6.79	9.47	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ING vs. HSBC - Sharpe Ratio Comparison

The current ING Sharpe Ratio is 1.48, which is comparable to the HSBC Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ING and HSBC, 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

	ING	HSBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.84	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	1.21	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.66	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.23	-0.12

Correlation

The correlation between ING and HSBC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ING vs. HSBC - Dividend Comparison

ING's dividend yield for the trailing twelve months is around 5.27%, more than HSBC's 4.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ING ING Groep N.V.	5.27%	4.78%	7.65%	5.86%	7.16%	5.09%	0.00%	5.92%	2.63%	3.28%	4.24%	2.58%
HSBC HSBC Holdings plc	4.55%	4.19%	8.29%	6.54%	4.33%	3.65%	4.05%	6.52%	6.20%	4.94%	6.35%	6.33%

Drawdowns

ING vs. HSBC - Drawdown Comparison

The maximum ING drawdown since its inception was -92.73%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for ING and HSBC.

Drawdown Indicators

	ING	HSBC	Difference
Max Drawdown Largest peak-to-trough decline	-92.73%	-74.47%	-18.26%
Max Drawdown (1Y) Largest decline over 1 year	-19.86%	-19.48%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-43.39%	-31.80%	-11.59%
Max Drawdown (10Y) Largest decline over 10 years	-75.27%	-62.26%	-13.01%
Current Drawdown Current decline from peak	-15.72%	-10.25%	-5.47%
Average Drawdown Average peak-to-trough decline	-46.08%	-24.26%	-21.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	5.31%	+0.60%

Volatility

ING vs. HSBC - Volatility Comparison

ING Groep N.V. (ING) and HSBC Holdings plc (HSBC) have volatilities of 10.77% and 11.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ING	HSBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.77%	11.22%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	19.57%	20.39%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	28.43%	28.02%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.01%	25.53%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.92%	25.47%	+9.45%

Financials

ING vs. HSBC - Profitability Comparison

The chart below illustrates the profitability comparison between ING Groep N.V. and HSBC Holdings plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ING - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ING Groep N.V. reported a gross profit of 5.37B and revenue of 5.37B. Therefore, the gross margin over that period was 100.0%.

HSBC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HSBC Holdings plc reported a gross profit of 27.48B and revenue of 46.79B. Therefore, the gross margin over that period was 58.7%.

ING - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ING Groep N.V. reported an operating income of 5.37B and revenue of 5.37B, resulting in an operating margin of 100.0%.

HSBC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HSBC Holdings plc reported an operating income of 6.79B and revenue of 46.79B, resulting in an operating margin of 14.5%.

ING - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ING Groep N.V. reported a net income of 1.41B and revenue of 5.37B, resulting in a net margin of 26.3%.

HSBC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HSBC Holdings plc reported a net income of 4.94B and revenue of 46.79B, resulting in a net margin of 10.6%.