WF vs. SHG
WF (Woori Financial Group Inc.) and SHG (Shinhan Financial Group Co., Ltd.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, WF returned 12.70%/yr vs 9.13%/yr for SHG. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
WF vs. SHG - Performance Comparison
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Returns By Period
In the year-to-date period, WF achieves a 2.94% return, which is significantly lower than SHG's 19.28% return. Over the past 10 years, WF has outperformed SHG with an annualized return of 12.70%, while SHG has yielded a comparatively lower 9.13% annualized return.
WF
- 1D
- -1.75%
- 1M
- -10.33%
- YTD
- 2.94%
- 6M
- 3.17%
- 1Y
- 47.81%
- 3Y*
- 39.12%
- 5Y*
- 21.11%
- 10Y*
- 12.70%
SHG
- 1D
- -1.46%
- 1M
- -3.44%
- YTD
- 19.28%
- 6M
- 15.80%
- 1Y
- 59.06%
- 3Y*
- 38.03%
- 5Y*
- 15.20%
- 10Y*
- 9.13%
WF vs. SHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WF Woori Financial Group Inc. | 2.94% | 99.65% | 16.76% | 13.14% | -7.19% | 18.91% | -9.52% | -28.16% | -5.75% | 40.44% |
SHG Shinhan Financial Group Co., Ltd. | 19.28% | 68.28% | 12.80% | 15.25% | -4.61% | 5.27% | -21.83% | 7.27% | -23.51% | 23.27% |
Correlation
The correlation between WF and SHG 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 | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2003 | 0.64 |
The correlation between WF and SHG shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WF:
$15.67B
SHG:
$30.86B
WF:
$12.69K
SHG:
$10.58K
WF:
0.00
SHG:
0.01
WF:
0.00
SHG:
0.00
WF:
0.00
SHG:
0.00
WF:
0.00
SHG:
0.00
WF:
$14.13T
SHG:
$34.80T
WF:
$7.05T
SHG:
$16.62T
WF:
$4.72T
SHG:
$8.32T
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Return for Risk
WF vs. SHG — Risk / Return Rank
WF
SHG
WF vs. SHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Woori Financial Group Inc. (WF) and Shinhan Financial Group Co., Ltd. (SHG). 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.
| WF | SHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.29 | -1.67 |
| Martin ratioReturn relative to average drawdown | 4.17 | 9.26 | -5.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WF | SHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.95 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.51 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.30 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.23 | -0.03 |
Drawdowns
WF vs. SHG - Drawdown Comparison
The maximum WF drawdown since its inception was -89.46%, which is greater than SHG's maximum drawdown of -82.02%. Use the drawdown chart below to compare losses from any high point for WF and SHG.
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Drawdown Indicators
| WF | SHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.46% | -82.02% | -7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -29.61% | -18.03% | -11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -29.61% | -35.19% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -43.52% | -37.86% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -70.84% | -65.50% | -5.34% |
Current DrawdownCurrent decline from peak | -28.35% | -10.81% | -17.54% |
Average DrawdownAverage peak-to-trough decline | -42.91% | -33.85% | -9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.50% | 6.40% | +5.10% |
Volatility
WF vs. SHG - Volatility Comparison
Woori Financial Group Inc. (WF) has a higher volatility of 10.31% compared to Shinhan Financial Group Co., Ltd. (SHG) at 7.76%. This indicates that WF's price experiences larger fluctuations and is considered to be riskier than SHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WF | SHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 7.76% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.93% | 22.12% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.41% | 30.43% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.03% | 29.80% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.44% | 30.26% | +3.18% |
Dividends
WF vs. SHG - Dividend Comparison
WF's dividend yield for the trailing twelve months is around 0.71%, more than SHG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHG Shinhan Financial Group Co., Ltd. | 0.64% | 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. | 0.71% | 3.84% | 12.93% | 2.71% | 8.20% | 1.19% | 0.00% | 0.00% | 0.00% | 0.58% | 3.29% | 7.86% |
Financials
WF vs. SHG - Financials Comparison
This section allows you to compare key financial metrics between Woori Financial Group Inc. and Shinhan Financial Group Co., Ltd.. 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
WF vs. SHG - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
WF and SHG 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.
WF has higher volatility (10.31%) compared to SHG (7.76%). In terms of maximum drawdown, WF dropped -89.46% vs SHG's -82.02%.
SHG currently has the higher Sharpe Ratio (1.95 vs 1.40), 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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