SWDBY vs. ING

Last updated Jun 4, 2026

SWDBY (Swedbank AB) and ING (ING Groep N.V.) are both stocks. Both are in the Financial Services sector — SWDBY in Banks - Regional, ING in Banks - Diversified. Over the past 10 years, SWDBY returned 13.95%/yr vs 15.28%/yr for ING. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

SWDBY vs. ING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Swedbank AB (SWDBY) and ING Groep N.V. (ING). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SWDBY having a 12.41% return and ING slightly higher at 12.86%. Over the past 10 years, SWDBY has underperformed ING with an annualized return of 13.95%, while ING has yielded a comparatively higher 15.28% annualized return.

SWDBY

• 1D: -1.58%
• 1M: 2.73%
• YTD: 12.41%
• 6M: 20.10%
• 1Y: 43.89%
• 3Y*: 40.93%
• 5Y*: 23.24%
• 10Y*: 13.95%

ING

• 1D: -1.90%
• 1M: 9.46%
• YTD: 12.86%
• 6M: 19.97%
• 1Y: 52.43%
• 3Y*: 42.65%
• 5Y*: 26.09%
• 10Y*: 15.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDBY vs. ING - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWDBY Swedbank AB	12.41%	90.26%	5.22%	25.67%	-9.48%	24.29%	28.84%	-26.38%	-0.35%	12.99%
ING ING Groep N.V.	12.86%	91.12%	12.25%	31.88%	-4.22%	55.41%	-21.66%	20.03%	-41.15%	35.53%

Correlation

The correlation between SWDBY and ING is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.58

The correlation between SWDBY and ING shifts across timeframes, from 0.58 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SWDBY : $40.03B ING : $87.95B
EPS SWDBY : $28.24 ING : $2.17
PE Ratio SWDBY : 1.25 ING : 14.04
PEG Ratio SWDBY : 0.09 ING : 0.83
PS Ratio SWDBY : 0.35 ING : 2.16
PB Ratio SWDBY : 0.20 ING : 1.73
Total Revenue (TTM) SWDBY : $114.78B ING : $41.73B
Gross Profit (TTM) SWDBY : $51.81B ING : $40.40B
EBITDA (TTM) SWDBY : $40.52B ING : $9.28B

Return for Risk

SWDBY vs. ING — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWDBY

SWDBY Risk / Return Rank: 85
SWDBY Sharpe Ratio Rank: 87
SWDBY Sortino Ratio Rank: 85
SWDBY Omega Ratio Rank: 82
SWDBY Calmar Ratio Rank: 84
SWDBY Martin Ratio Rank: 89

ING

ING Risk / Return Rank: 84
ING Sharpe Ratio Rank: 88
ING Sortino Ratio Rank: 86
ING Omega Ratio Rank: 83
ING Calmar Ratio Rank: 80
ING Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWDBY vs. ING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swedbank AB (SWDBY) and ING Groep N.V. (ING). 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.

	SWDBY	ING	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.05	-0.06
Sortino ratio: Return per unit of downside risk	2.68	2.80	-0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	3.30	2.65	+0.65
Martin ratio: Return relative to average drawdown	10.88	8.78	+2.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWDBY vs. ING - Sharpe Ratio Comparison

The current SWDBY Sharpe Ratio is 1.99, which is comparable to the ING Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SWDBY and ING, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWDBY	ING	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.05	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.84	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.44	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.13	+0.05

Drawdowns

SWDBY vs. ING - Drawdown Comparison

The maximum SWDBY drawdown since its inception was -94.66%, roughly equal to the maximum ING drawdown of -92.73%. Use the drawdown chart below to compare losses from any high point for SWDBY and ING.

Drawdown Indicators

	SWDBY	ING	Difference
Max Drawdown Largest peak-to-trough decline	-94.66%	-92.73%	-1.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.37%	-19.86%	+6.49%
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	-19.86%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-41.38%	-43.39%	+2.01%
Max Drawdown (10Y) Largest decline over 10 years	-53.67%	-75.27%	+21.60%
Current Drawdown Current decline from peak	-4.48%	-2.84%	-1.64%
Average Drawdown Average peak-to-trough decline	-24.93%	-45.83%	+20.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	5.99%	-1.85%

Volatility

SWDBY vs. ING - Volatility Comparison

The current volatility for Swedbank AB (SWDBY) is 6.16%, while ING Groep N.V. (ING) has a volatility of 8.39%. This indicates that SWDBY experiences smaller price fluctuations and is considered to be less risky than ING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWDBY	ING	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	8.39%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	20.87%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	25.79%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.55%	31.22%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.11%	34.97%	-5.86%

Dividends

SWDBY vs. ING - Dividend Comparison

SWDBY's dividend yield for the trailing twelve months is around 9.29%, more than ING's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ING ING Groep N.V.	4.88%	4.78%	7.65%	5.86%	7.16%	5.09%	0.00%	5.92%	2.63%	3.28%	4.24%	2.58%
SWDBY Swedbank AB	9.29%	5.70%	7.49%	4.63%	7.15%	8.58%	5.23%	10.26%	7.05%	12.07%	11.31%	5.97%

Financials

SWDBY vs. ING - Profitability Comparison

The chart below illustrates the profitability comparison between Swedbank AB and ING Groep N.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SWDBY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Swedbank AB reported a gross profit of 16.96B and revenue of 26.91B. Therefore, the gross margin over that period was 63.0%.

ING - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported a gross profit of 5.48B and revenue of 5.82B. Therefore, the gross margin over that period was 94.1%.

SWDBY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Swedbank AB reported an operating income of 9.36B and revenue of 26.91B, resulting in an operating margin of 34.8%.

ING - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported an operating income of 2.26B and revenue of 5.82B, resulting in an operating margin of 38.8%.

SWDBY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Swedbank AB reported a net income of 7.35B and revenue of 26.91B, resulting in a net margin of 27.3%.

ING - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported a net income of 1.56B and revenue of 5.82B, resulting in a net margin of 26.7%.

Frequently Asked Questions

Can I hold both SWDBY and ING in my portfolio?

SWDBY and ING have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWDBY or ING?

ING has higher volatility (8.39%) compared to SWDBY (6.16%). In terms of maximum drawdown, SWDBY dropped -94.66% vs ING's -92.73%.

Which has better risk-adjusted returns?

ING currently has the higher Sharpe Ratio (2.05 vs 1.99), 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.