HSBC vs SPY

Comparison between HSBC Holdings plc (HSBC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceHSBC has outperformed SPY, delivering a return of +31.1% compared to +13.3%

HSBC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HSBC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$316B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	81.80%	56.47%
Sharpe Ratio	2.04	2.07
5Y Beta	0.85	1.00
Industry	Banks - Diversified	N/A
P/E Ratio	14.30	28.24
Forward P/E	11.07	21.85
PEG Ratio	1.18	N/A
Dividend Yield	0.73%	N/A
5Y Dividends CAGR	37.97%	5.43%
5Y EPS CAGR	28.64%	25.79%
Debt to Equity	244.95%	22.35%
Free Cash Flow Yield	2.97%	N/A
P/S Ratio	4.92	3.55
P/B Ratio	1.59	5.29

Market Cap / Net Assets

HSBC

$316B

Winner

SPY

$652B

Expense Ratio

HSBC

N/A

SPY

0.09%

Max Drawdown

HSBC

81.80%

Winner

SPY

56.47%

Sharpe Ratio

HSBC

2.04

Winner

SPY

2.07

5Y Beta

Winner

HSBC

0.85

SPY

1.00

Industry

HSBC

Banks - Diversified

SPY

N/A

P/E Ratio

Winner

HSBC

14.30

SPY

28.24

Forward P/E

Winner

HSBC

11.07

SPY

21.85

PEG Ratio

HSBC

1.18

SPY

N/A

Dividend Yield

HSBC

0.73%

SPY

N/A

5Y Dividends CAGR

Winner

HSBC

37.97%

SPY

5.43%

5Y EPS CAGR

Winner

HSBC

28.64%

SPY

25.79%

Debt to Equity

HSBC

244.95%

Winner

SPY

22.35%

Free Cash Flow Yield

HSBC

2.97%

SPY

N/A

P/S Ratio

HSBC

4.92

Winner

SPY

3.55

P/B Ratio

Winner

HSBC

1.59

SPY

5.29

HSBC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HSBC	SPY
1 month	-0.12%	+9.11%
3 months	+2.24%	+6.59%
6 months	+30.15%	+10.56%
1 year	+67.52%	+32.04%
5 years(CAGR)	+31.07%	+13.35%
10 years(CAGR)	+17.82%	+15.49%
Max(CAGR)	+6.76%	+8.50%

HSBC

-0.12%

Winner

SPY

+9.11%

HSBC

+2.24%

Winner

SPY

+6.59%

Winner

HSBC

+30.15%

SPY

+10.56%

Winner

HSBC

+67.52%

SPY

+32.04%

5Y(CAGR)

Winner

HSBC

+31.07%

SPY

+13.35%

10Y(CAGR)

Winner

HSBC

+17.82%

SPY

+15.49%

Max(CAGR)

HSBC

+6.76%

Winner

SPY

+8.50%

HSBC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HSBC	SPY
2026	+15.29%	+8.27%
2025	+70.59%	+18.00%
2024	+35.95%	+25.59%
2023	+37.41%	+26.72%
2022	+6.74%	-18.64%
2021	+21.66%	+30.52%
2020	-32.15%	+17.28%
2019	+2.00%	+31.09%
2018	-17.27%	-5.24%
2017	+33.66%	+20.78%
2016	+12.27%	+13.59%
2015	-11.22%	+1.31%
2014	-9.23%	+14.56%
2013	+6.07%	+29.00%
2012	+41.55%	+14.17%
2011	-23.00%	+0.85%
2010	-9.51%	+13.14%
2009	+19.93%	+22.67%
2008	-37.00%	-36.25%
2007	-5.44%	+5.32%
2006	+17.10%	+13.85%
2005	-0.86%	+5.32%
2004	+11.85%	+10.75%
2003	+49.14%	+24.18%
2002	-3.74%	-22.42%
2001	-12.37%	-10.13%
2000	+7.11%	-8.84%
1999	+17.50%	+8.61%

HSBC vs SPY Drawdown Comparison

The maximum drawdown for HSBC was -74.45%, occurring on Mar 11, 2009. Recovery took 4151 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HSBC drawdown is -2.17%.

Rank	HSBC	SPY
#1	-74.45% Oct 31, 2007 - Apr 30, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-41.37% Jan 26, 2001 - Oct 3, 2003	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-22.63% Dec 31, 1999 - Aug 7, 2000	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-21.85% Mar 5, 2025 - May 19, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-16.23% Feb 26, 2026 - Apr 17, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-13.81% Feb 17, 2004 - Sep 17, 2004	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.15% Nov 6, 2006 - Oct 3, 2007	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-11.09% Nov 6, 2000 - Dec 11, 2000	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-11.02% Oct 5, 2000 - Nov 2, 2000	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.48% Jul 31, 2024 - Sep 19, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.06% Oct 3, 2025 - Nov 10, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.88% Dec 11, 2000 - Jan 19, 2001	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.62% Nov 12, 2004 - Jan 6, 2006	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.13% Sep 6, 2000 - Oct 5, 2000	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.07% Nov 12, 2025 - Dec 10, 2025	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HSBC and SPY is 0.71 which considered as a strong positive correlation - the stocks tend to move together.

0.71

-101

Dividend Comparison (1999 - 2026)

HSBC vs SPY dividend yield comparison.

Year	HSBC	SPY
2026	2.50%	0.24%
2025	4.19%	1.07%
2024	8.29%	1.21%
2023	6.54%	1.40%
2022	4.33%	1.65%
2021	3.65%	1.20%
2020	4.05%	1.52%
2019	6.52%	1.75%
2018	6.20%	2.04%
2017	4.94%	1.80%
2016	6.35%	2.03%
2015	6.33%	2.06%
2014	5.19%	1.87%
2013	4.35%	1.81%
2012	3.86%	2.18%
2011	5.12%	2.05%
2010	3.33%	1.80%
2009	2.98%	1.95%
2008	9.55%	3.02%
2007	5.20%	1.85%
2006	4.15%	1.73%
2005	4.29%	1.73%
2004	3.70%	1.82%
2003	4.57%	1.47%
2002	5.00%	1.70%
2001	4.42%	1.25%
2000	2.43%	1.15%
1999	0.00%	0.24%