SHG vs. WF
SHG (Shinhan Financial Group Co., Ltd.) and WF (Woori 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 10.24%/yr vs 12.84%/yr for WF. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
SHG vs. WF - Performance Comparison
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Returns By Period
In the year-to-date period, SHG achieves a 23.36% return, which is significantly higher than WF's 2.30% return. Over the past 10 years, SHG has underperformed WF with an annualized return of 10.24%, while WF has yielded a comparatively higher 12.84% annualized return.
SHG
- 1D
- -0.74%
- 1M
- 2.88%
- YTD
- 23.36%
- 6M
- 23.85%
- 1Y
- 54.41%
- 3Y*
- 41.82%
- 5Y*
- 17.74%
- 10Y*
- 10.24%
WF
- 1D
- -3.85%
- 1M
- -4.16%
- YTD
- 2.30%
- 6M
- 3.37%
- 1Y
- 31.61%
- 3Y*
- 39.76%
- 5Y*
- 22.01%
- 10Y*
- 12.84%
SHG vs. WF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHG Shinhan Financial Group Co., Ltd. | 23.36% | 68.28% | 12.80% | 15.25% | -4.61% | 5.27% | -21.83% | 7.27% | -23.51% | 23.27% |
WF Woori Financial Group Inc. | 2.30% | 99.65% | 16.76% | 13.14% | -7.19% | 18.91% | -9.52% | -28.16% | -5.75% | 40.44% |
Correlation
The correlation between SHG and WF is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2003 | 0.64 |
The correlation between SHG and WF shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SHG:
$31.92B
WF:
$15.57B
SHG:
₩10.58K
WF:
₩12.69K
SHG:
9.59
WF:
7.26
SHG:
1.12
WF:
1.03
SHG:
1.41
WF:
1.63
SHG:
0.83
WF:
0.71
SHG:
₩34.80T
WF:
₩14.13T
SHG:
₩16.62T
WF:
₩7.05T
SHG:
₩8.32T
WF:
₩4.72T
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Return for Risk
SHG vs. WF — Risk / Return Rank
SHG
WF
SHG vs. WF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shinhan Financial Group Co., Ltd. (SHG) and Woori Financial Group Inc. (WF). 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 | WF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.02 | +2.01 |
| Martin ratioReturn relative to average drawdown | 8.29 | 2.45 | +5.84 |
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Drawdowns
SHG vs. WF - Drawdown Comparison
The maximum SHG drawdown since its inception was -82.02%, smaller than the maximum WF drawdown of -89.46%. Use the drawdown chart below to compare losses from any high point for SHG and WF.
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Drawdown Indicators
| SHG | WF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.02% | -89.46% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -30.99% | +12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -30.99% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.19% | -43.52% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -65.50% | -70.84% | +5.34% |
Current DrawdownCurrent decline from peak | -7.75% | -28.80% | +21.05% |
Average DrawdownAverage peak-to-trough decline | -33.79% | -42.87% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 12.95% | -6.37% |
Volatility
SHG vs. WF - Volatility Comparison
Shinhan Financial Group Co., Ltd. (SHG) and Woori Financial Group Inc. (WF) have volatilities of 11.82% and 11.36%, 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.
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Volatility by Period
| SHG | WF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.82% | 11.36% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 23.91% | 27.13% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 34.78% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 31.16% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 33.56% | -3.17% |
Dividends
SHG vs. WF - Dividend Comparison
SHG's dividend yield for the trailing twelve months is around 0.62%, less than WF's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHG Shinhan Financial Group Co., Ltd. | 0.62% | 2.24% | 5.96% | 3.87% | 5.54% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 3.35% | 3.10% |
WF Woori Financial Group Inc. | 0.72% | 3.84% | 12.93% | 2.71% | 8.20% | 1.19% | 0.00% | 0.00% | 0.00% | 0.58% | 3.29% | 7.86% |
Financials
SHG vs. WF - Financials Comparison
This section allows you to compare key financial metrics between Shinhan Financial Group Co., Ltd. and Woori 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. WF - 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%.
WF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Woori Financial Group Inc. reported a gross profit of 847.95B and revenue of 847.95B. 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%.
WF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Woori Financial Group Inc. reported an operating income of 847.95B and revenue of 847.95B, 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%.
WF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Woori Financial Group Inc. reported a net income of 638.92B and revenue of 847.95B, resulting in a net margin of 75.4%.
Frequently Asked Questions
SHG and WF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHG has higher volatility (11.82%) compared to WF (11.36%). In terms of maximum drawdown, SHG dropped -82.02% vs WF's -89.46%.
SHG currently has the higher Sharpe Ratio (1.76 vs 0.91), 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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