INN1.DE vs. HNR1.DE

Last updated Jun 5, 2026

INN1.DE (ING Groep NV) and HNR1.DE (Hannover Rück SE) are both stocks. Both are in the Financial Services sector — INN1.DE in Banks - Diversified, HNR1.DE in Insurance - Reinsurance. Over the past 10 years, INN1.DE returned 16.55%/yr vs 12.80%/yr for HNR1.DE. At a 0.44 correlation, their price movements are largely independent.

Performance

INN1.DE vs. HNR1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ING Groep NV (INN1.DE) and Hannover Rück SE (HNR1.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INN1.DE achieves a 13.28% return, which is significantly higher than HNR1.DE's -11.22% return. Over the past 10 years, INN1.DE has outperformed HNR1.DE with an annualized return of 16.55%, while HNR1.DE has yielded a comparatively lower 12.80% annualized return.

INN1.DE

• 1D: 0.06%
• 1M: 3.02%
• YTD: 13.28%
• 6M: 20.46%
• 1Y: 50.07%
• 3Y*: 39.77%
• 5Y*: 27.48%
• 10Y*: 16.55%

HNR1.DE

• 1D: 0.27%
• 1M: -9.24%
• YTD: -11.22%
• 6M: -6.43%
• 1Y: -15.41%
• 3Y*: 7.58%
• 5Y*: 13.51%
• 10Y*: 12.80%

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

INN1.DE vs. HNR1.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INN1.DE ING Groep NV	13.28%	71.33%	19.67%	26.46%	1.99%	67.01%	-22.49%	22.77%	-36.23%	21.28%
HNR1.DE Hannover Rück SE	-11.22%	13.83%	15.17%	20.36%	15.47%	32.14%	-21.42%	52.31%	17.14%	6.71%

Correlation

The correlation between INN1.DE and HNR1.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 5, 1997	0.44

Over the past year, the correlation between INN1.DE and HNR1.DE has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

INN1.DE vs. HNR1.DE — Risk / Return Rank

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

INN1.DE

INN1.DE Risk / Return Rank: 86
INN1.DE Sharpe Ratio Rank: 89
INN1.DE Sortino Ratio Rank: 86
INN1.DE Omega Ratio Rank: 85
INN1.DE Calmar Ratio Rank: 82
INN1.DE Martin Ratio Rank: 86

HNR1.DE

HNR1.DE Risk / Return Rank: 9
HNR1.DE Sharpe Ratio Rank: 10
HNR1.DE Sortino Ratio Rank: 11
HNR1.DE Omega Ratio Rank: 12
HNR1.DE Calmar Ratio Rank: 7
HNR1.DE Martin Ratio Rank: 5

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.

INN1.DE vs. HNR1.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ING Groep NV (INN1.DE) and Hannover Rück SE (HNR1.DE). 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.

	INN1.DE	HNR1.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.08	-0.78	+2.87
Sortino ratio: Return per unit of downside risk	2.83	-1.03	+3.86
Omega ratio: Gain probability vs. loss probability	1.36	0.88	+0.48
Calmar ratio: Return relative to maximum drawdown	2.94	-0.89	+3.83
Martin ratio: Return relative to average drawdown	9.41	-1.51	+10.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INN1.DE vs. HNR1.DE - Sharpe Ratio Comparison

The current INN1.DE Sharpe Ratio is 2.08, which is higher than the HNR1.DE Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of INN1.DE and HNR1.DE, 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

	INN1.DE	HNR1.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	-0.78	+2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.59	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.54	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.45	-0.31

Drawdowns

INN1.DE vs. HNR1.DE - Drawdown Comparison

The maximum INN1.DE drawdown since its inception was -92.10%, which is greater than HNR1.DE's maximum drawdown of -65.65%. Use the drawdown chart below to compare losses from any high point for INN1.DE and HNR1.DE.

Drawdown Indicators

	INN1.DE	HNR1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-92.10%	-65.65%	-26.45%
Max Drawdown (1Y) Largest decline over 1 year	-16.89%	-17.52%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-17.52%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-39.20%	-24.47%	-14.73%
Max Drawdown (10Y) Largest decline over 10 years	-71.40%	-44.13%	-27.27%
Current Drawdown Current decline from peak	-3.04%	-16.84%	+13.80%
Average Drawdown Average peak-to-trough decline	-38.64%	-15.42%	-23.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	10.32%	-5.03%

Volatility

INN1.DE vs. HNR1.DE - Volatility Comparison

ING Groep NV (INN1.DE) has a higher volatility of 6.48% compared to Hannover Rück SE (HNR1.DE) at 5.96%. This indicates that INN1.DE's price experiences larger fluctuations and is considered to be riskier than HNR1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INN1.DE	HNR1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	5.96%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	19.00%	15.36%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.84%	19.97%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.07%	22.74%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.49%	23.50%	+8.99%

Dividends

INN1.DE vs. HNR1.DE - Dividend Comparison

INN1.DE's dividend yield for the trailing twelve months is around 4.78%, less than HNR1.DE's 5.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNR1.DE Hannover Rück SE	5.56%	3.38%	2.98%	2.77%	3.10%	2.69%	4.22%	3.05%	4.25%	4.77%	4.62%	4.02%
INN1.DE ING Groep NV	4.78%	5.07%	7.34%	6.06%	7.09%	4.88%	5.05%	6.30%	7.15%	4.28%	4.89%	2.85%

Financials

Frequently Asked Questions

Can I hold both INN1.DE and HNR1.DE in my portfolio?

INN1.DE and HNR1.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.