SHG vs. HSBC
SHG (Shinhan Financial Group Co., Ltd.) and HSBC (HSBC Holdings plc) are both stocks. Both are in the Financial Services sector — SHG in Banks - Regional, HSBC in Banks - Diversified. Over the past 10 years, SHG returned 10.16%/yr vs 18.39%/yr for HSBC. At a 0.47 correlation, their price movements are largely independent.
Performance
SHG vs. HSBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHG achieves a 25.49% return, which is significantly higher than HSBC's 21.78% return. Over the past 10 years, SHG has underperformed HSBC with an annualized return of 10.16%, while HSBC has yielded a comparatively higher 18.39% annualized return.
SHG
- 1D
- 2.62%
- 1M
- 4.73%
- YTD
- 25.49%
- 6M
- 26.79%
- 1Y
- 55.63%
- 3Y*
- 39.87%
- 5Y*
- 16.63%
- 10Y*
- 10.16%
HSBC
- 1D
- 2.15%
- 1M
- 2.82%
- YTD
- 21.78%
- 6M
- 27.76%
- 1Y
- 61.57%
- 3Y*
- 43.81%
- 5Y*
- 32.55%
- 10Y*
- 18.39%
SHG vs. HSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHG Shinhan Financial Group Co., Ltd. | 25.49% | 68.28% | 12.80% | 15.25% | -4.61% | 5.27% | -21.83% | 7.27% | -23.51% | 23.27% |
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 SHG 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 | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2003 | 0.47 |
The correlation between SHG and HSBC shifts across timeframes, from 0.37 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SHG:
$32.47B
HSBC:
$320.51B
SHG:
₩10.58K
HSBC:
$6.38
SHG:
9.67
HSBC:
14.52
SHG:
1.13
HSBC:
0.71
SHG:
1.42
HSBC:
2.52
SHG:
0.84
HSBC:
1.84
SHG:
₩34.80T
HSBC:
$128.37B
SHG:
₩16.62T
HSBC:
$65.42B
SHG:
₩8.32T
HSBC:
$34.27B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHG vs. HSBC — Risk / Return Rank
SHG
HSBC
SHG vs. HSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shinhan Financial Group Co., Ltd. (SHG) 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.
| SHG | HSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.80 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.52 | 13.41 | -4.89 |
Loading charts...
Drawdowns
SHG vs. HSBC - Drawdown Comparison
The maximum SHG drawdown since its inception was -82.02%, which is greater than HSBC's maximum drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for SHG and HSBC.
Loading charts...
Drawdown Indicators
| SHG | HSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.02% | -74.47% | -7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -16.28% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -21.83% | -13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.39% | -31.80% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -65.50% | -62.26% | -3.24% |
Current DrawdownCurrent decline from peak | -6.16% | -2.67% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -24.09% | -9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 4.61% | +1.94% |
Volatility
SHG vs. HSBC - Volatility Comparison
Shinhan Financial Group Co., Ltd. (SHG) and HSBC Holdings plc (HSBC) have volatilities of 10.18% and 10.18%, 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.
Loading charts...
Volatility by Period
| SHG | HSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 10.18% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.12% | 22.25% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.55% | 27.11% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.99% | 25.95% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.34% | 25.62% | +4.72% |
Dividends
SHG vs. HSBC - Dividend Comparison
SHG's dividend yield for the trailing twelve months is around 0.61%, 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% |
SHG Shinhan Financial Group Co., Ltd. | 0.61% | 2.24% | 5.96% | 3.87% | 5.54% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 3.35% | 3.10% |
Financials
SHG vs. HSBC - Financials Comparison
This section allows you to compare key financial metrics between Shinhan Financial Group Co., Ltd. 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
SHG vs. HSBC - Profitability Comparison
SHG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported a gross profit of 4.19T and revenue of 8.73T. Therefore, the gross margin over that period was 48.0%.
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%.
SHG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported an operating income of 2.29T and revenue of 8.73T, resulting in an operating margin of 26.2%.
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%.
SHG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shinhan Financial Group Co., Ltd. reported a net income of 1.62T and revenue of 8.73T, resulting in a net margin of 18.6%.
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
SHG 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.
HSBC has higher volatility (10.18%) compared to SHG (10.18%). In terms of maximum drawdown, SHG dropped -82.02% vs HSBC's -74.47%.
HSBC currently has the higher Sharpe Ratio (2.28 vs 1.83), 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.
Find the right allocation for SHG and HSBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer