NWPX vs. HSBC
NWPX (Northwest Pipe Company) and HSBC (HSBC Holdings plc) are both stocks. NWPX operates in Metal Fabrication (Industrials), while HSBC operates in Banks - Diversified (Financial Services). Over the past 10 years, NWPX returned 29.41%/yr vs 18.55%/yr for HSBC. At a 0.27 correlation, their price movements are largely independent.
Performance
NWPX vs. HSBC - Performance Comparison
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Returns By Period
In the year-to-date period, NWPX achieves a 121.83% return, which is significantly higher than HSBC's 25.62% return. Over the past 10 years, NWPX has outperformed HSBC with an annualized return of 29.41%, while HSBC has yielded a comparatively lower 18.55% annualized return.
NWPX
- 1D
- -1.63%
- 1M
- 23.48%
- YTD
- 121.83%
- 6M
- 114.58%
- 1Y
- 247.33%
- 3Y*
- 68.78%
- 5Y*
- 36.73%
- 10Y*
- 29.41%
HSBC
- 1D
- -0.95%
- 1M
- 3.88%
- YTD
- 25.62%
- 6M
- 24.65%
- 1Y
- 70.17%
- 3Y*
- 45.60%
- 5Y*
- 34.49%
- 10Y*
- 18.55%
NWPX vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 121.83% | 29.49% | 59.48% | -10.21% | 5.97% | 12.37% | -15.04% | 43.02% | 21.68% | 11.15% |
HSBC HSBC Holdings plc | 25.62% | 67.91% | 34.48% | 39.45% | 7.79% | 20.76% | -31.71% | 1.44% | -16.05% | 36.04% |
Correlation
The correlation between NWPX and HSBC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 1999 | 0.27 |
The correlation between NWPX and HSBC shifts across timeframes, from 0.27 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NWPX:
$1.36B
HSBC:
$330.61B
NWPX:
$4.25
HSBC:
$6.38
NWPX:
32.62
HSBC:
14.98
NWPX:
0.64
HSBC:
0.74
NWPX:
2.50
HSBC:
2.60
NWPX:
3.36
HSBC:
1.89
NWPX:
$548.14M
HSBC:
$128.37B
NWPX:
$110.94M
HSBC:
$65.42B
NWPX:
$75.93M
HSBC:
$34.27B
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Return for Risk
NWPX vs. HSBC — Risk / Return Rank
NWPX
HSBC
NWPX vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) 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.
| NWPX | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.45 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 15.86 | 4.33 | +11.53 |
| Martin ratioReturn relative to average drawdown | 52.91 | 15.29 | +37.62 |
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Drawdowns
NWPX vs. HSBC - Drawdown Comparison
The maximum NWPX drawdown since its inception was -87.71%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for NWPX and HSBC.
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Drawdown Indicators
| NWPX | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -74.47% | -13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -16.28% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -21.83% | -13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -31.80% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -46.50% | -62.26% | +15.76% |
Current DrawdownCurrent decline from peak | -1.63% | -0.95% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -43.32% | -24.07% | -19.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 4.60% | +0.10% |
Volatility
NWPX vs. HSBC - Volatility Comparison
Northwest Pipe Company (NWPX) has a higher volatility of 11.11% compared to HSBC Holdings plc (HSBC) at 9.08%. This indicates that NWPX'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
| NWPX | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.11% | 9.08% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 31.26% | 22.24% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.64% | 26.99% | +13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.58% | 25.94% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.02% | 25.43% | +15.59% |
Dividends
NWPX vs. HSBC - Dividend Comparison
NWPX has not paid dividends to shareholders, while HSBC's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSBC HSBC Holdings plc | 3.92% | 4.19% | 8.29% | 6.54% | 4.33% | 3.65% | 4.05% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% |
NWPX Northwest Pipe Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NWPX vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between Northwest Pipe Company 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
NWPX vs. HSBC - Profitability Comparison
NWPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a gross profit of 26.67M and revenue of 138.25M. Therefore, the gross margin over that period was 19.3%.
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%.
NWPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported an operating income of 12.66M and revenue of 138.25M, resulting in an operating margin of 9.2%.
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%.
NWPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a net income of 10.53M and revenue of 138.25M, resulting in a net margin of 7.6%.
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
NWPX and HSBC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWPX has higher volatility (11.11%) compared to HSBC (9.08%). In terms of maximum drawdown, NWPX dropped -87.71% vs HSBC's -74.47%.
NWPX currently has the higher Sharpe Ratio (6.14 vs 2.61), 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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