SHG vs. KB
SHG (Shinhan Financial Group Co., Ltd.) and KB (KB Financial Group Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, SHG returned 10.10%/yr vs 17.38%/yr for KB. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
SHG vs. KB - Performance Comparison
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Returns By Period
In the year-to-date period, SHG achieves a 21.76% return, which is significantly higher than KB's 20.33% return. Over the past 10 years, SHG has underperformed KB with an annualized return of 10.10%, while KB has yielded a comparatively higher 17.38% annualized return.
SHG
- 1D
- -1.30%
- 1M
- 1.54%
- YTD
- 21.76%
- 6M
- 24.19%
- 1Y
- 52.51%
- 3Y*
- 41.20%
- 5Y*
- 16.90%
- 10Y*
- 10.10%
KB
- 1D
- -3.14%
- 1M
- -2.19%
- YTD
- 20.33%
- 6M
- 20.88%
- 1Y
- 33.52%
- 3Y*
- 47.98%
- 5Y*
- 21.01%
- 10Y*
- 17.38%
SHG vs. KB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHG Shinhan Financial Group Co., Ltd. | 21.76% | 68.28% | 12.80% | 15.25% | -4.61% | 5.27% | -21.83% | 7.27% | -23.51% | 23.27% |
KB KB Financial Group Inc. | 20.33% | 56.57% | 45.22% | 10.35% | -11.26% | 22.62% | -0.46% | -1.45% | -28.25% | 65.80% |
Correlation
The correlation between SHG and KB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2003 | 0.77 |
The correlation between SHG and KB has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
Fundamentals
SHG:
$31.50B
KB:
$38.73B
SHG:
₩10.58K
KB:
₩16.37K
SHG:
9.49
KB:
9.63
SHG:
1.11
KB:
1.07
SHG:
1.39
KB:
1.34
SHG:
0.82
KB:
1.09
SHG:
₩34.80T
KB:
₩43.88T
SHG:
₩16.62T
KB:
₩22.91T
SHG:
₩8.32T
KB:
₩9.39T
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Return for Risk
SHG vs. KB — Risk / Return Rank
SHG
KB
SHG vs. KB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shinhan Financial Group Co., Ltd. (SHG) and KB Financial Group Inc. (KB). 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 | KB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.01 | +0.92 |
| Martin ratioReturn relative to average drawdown | 7.97 | 3.96 | +4.00 |
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Drawdowns
SHG vs. KB - Drawdown Comparison
The maximum SHG drawdown since its inception was -82.02%, roughly equal to the maximum KB drawdown of -84.27%. Use the drawdown chart below to compare losses from any high point for SHG and KB.
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Drawdown Indicators
| SHG | KB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.02% | -84.27% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -16.74% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -34.41% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -35.19% | -42.89% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -65.50% | -66.92% | +1.42% |
Current DrawdownCurrent decline from peak | -8.95% | -12.42% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -33.78% | -40.10% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 8.48% | -1.87% |
Volatility
SHG vs. KB - Volatility Comparison
The current volatility for Shinhan Financial Group Co., Ltd. (SHG) is 11.91%, while KB Financial Group Inc. (KB) has a volatility of 14.43%. This indicates that SHG experiences smaller price fluctuations and is considered to be less risky than KB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHG | KB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.91% | 14.43% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 27.20% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.08% | 36.68% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 33.72% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.30% | 32.84% | -2.54% |
Dividends
SHG vs. KB - Dividend Comparison
SHG's dividend yield for the trailing twelve months is around 0.63%, less than KB's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KB KB Financial Group Inc. | 2.32% | 2.92% | 4.98% | 2.81% | 5.78% | 5.27% | 3.97% | 0.00% | 0.00% | 0.00% | 3.10% | 3.05% |
SHG Shinhan Financial Group Co., Ltd. | 0.63% | 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. KB - Financials Comparison
This section allows you to compare key financial metrics between Shinhan Financial Group Co., Ltd. and KB Financial Group Inc.. 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. KB - 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%.
KB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KB Financial Group Inc. reported a gross profit of 2.71T and revenue of 2.71T. Therefore, the gross margin over that period was 100.0%.
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%.
KB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KB Financial Group Inc. reported an operating income of 2.71T and revenue of 2.71T, resulting in an operating margin of 100.0%.
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%.
KB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KB Financial Group Inc. reported a net income of 1.97T and revenue of 2.71T, resulting in a net margin of 72.8%.
Frequently Asked Questions
SHG and KB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KB has higher volatility (14.43%) compared to SHG (11.91%). In terms of maximum drawdown, SHG dropped -82.02% vs KB's -84.27%.
SHG currently has the higher Sharpe Ratio (1.70 vs 0.92), 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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