NGG vs. HSBC
NGG (National Grid plc) and HSBC (HSBC Holdings plc) are both stocks. NGG operates in Utilities - Regulated Electric (Utilities), while HSBC operates in Banks - Diversified (Financial Services). Over the past 10 years, NGG returned 7.62%/yr vs 18.39%/yr for HSBC. At a 0.34 correlation, their price movements are largely independent.
Performance
NGG vs. HSBC - Performance Comparison
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Returns By Period
In the year-to-date period, NGG achieves a 8.59% return, which is significantly lower than HSBC's 21.78% return. Over the past 10 years, NGG has underperformed HSBC with an annualized return of 7.62%, while HSBC has yielded a comparatively higher 18.39% annualized return.
NGG
- 1D
- 0.39%
- 1M
- 4.16%
- YTD
- 8.59%
- 6M
- 12.09%
- 1Y
- 17.16%
- 3Y*
- 15.06%
- 5Y*
- 11.19%
- 10Y*
- 7.62%
HSBC
- 1D
- 2.15%
- 1M
- 4.85%
- YTD
- 21.78%
- 6M
- 27.76%
- 1Y
- 64.27%
- 3Y*
- 43.81%
- 5Y*
- 32.55%
- 10Y*
- 18.39%
NGG vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGG National Grid plc | 8.59% | 35.88% | -1.26% | 18.82% | -12.68% | 29.02% | -0.75% | 38.53% | -13.76% | 4.94% |
HSBC HSBC Holdings plc | 21.78% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
Correlation
The correlation between NGG and HSBC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.34 |
Fundamentals
NGG:
$81.45B
HSBC:
$320.51B
NGG:
£6.16
HSBC:
$6.38
NGG:
9.92
HSBC:
14.52
NGG:
0.26
HSBC:
0.71
NGG:
1.70
HSBC:
2.52
NGG:
1.55
HSBC:
1.84
NGG:
£35.68B
HSBC:
$128.37B
NGG:
£10.47B
HSBC:
$65.42B
NGG:
£15.03B
HSBC:
$34.27B
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Return for Risk
NGG vs. HSBC — Risk / Return Rank
NGG
HSBC
NGG vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Grid plc (NGG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NGG | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.80 | -2.60 |
| Martin ratioReturn relative to average drawdown | 3.27 | 13.41 | -10.14 |
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Drawdowns
NGG vs. HSBC - Drawdown Comparison
The maximum NGG drawdown since its inception was -54.85%, smaller than the maximum HSBC drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for NGG and HSBC.
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Drawdown Indicators
| NGG | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.85% | -74.47% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -16.28% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.83% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -39.20% | -31.80% | -7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.20% | -62.26% | +23.06% |
Current DrawdownCurrent decline from peak | -10.58% | -2.67% | -7.91% |
Average DrawdownAverage peak-to-trough decline | -13.40% | -24.09% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 4.61% | +0.59% |
Volatility
NGG vs. HSBC - Volatility Comparison
National Grid plc (NGG) has a higher volatility of 10.73% compared to HSBC Holdings plc (HSBC) at 10.18%. This indicates that NGG's price experiences larger fluctuations and is considered to be riskier than HSBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGG | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.73% | 10.18% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 22.25% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 27.11% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 25.95% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 25.62% | -2.51% |
Dividends
NGG vs. HSBC - Dividend Comparison
NGG's dividend yield for the trailing twelve months is around 3.96%, less than HSBC's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 4.05% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
NGG National Grid plc | 3.96% | 4.03% | 11.81% | 5.20% | 5.18% | 4.75% | 5.32% | 4.94% | 6.51% | 14.95% | 5.07% | 4.73% |
Financials
NGG vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between National Grid plc and HSBC Holdings plc. 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
NGG vs. HSBC - Profitability Comparison
NGG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a gross profit of 4.21B and revenue of 10.78B. Therefore, the gross margin over that period was 39.0%.
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%.
NGG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported an operating income of 4.21B and revenue of 10.78B, resulting in an operating margin of 39.0%.
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%.
NGG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a net income of 2.66B and revenue of 10.78B, resulting in a net margin of 24.7%.
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%.
Frequently Asked Questions
NGG and HSBC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGG has higher volatility (10.73%) compared to HSBC (10.18%). In terms of maximum drawdown, NGG dropped -54.85% vs HSBC's -74.47%.
HSBC currently has the higher Sharpe Ratio (2.28 vs 0.79), 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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