Singapore + Hongkong Real Estate

Asset Allocation

Position	Category/Sector	Target Weight
UOLGY UOL Group Ltd ADR	Real Estate	14.29%
1109.HK China Resources Land Ltd	Real Estate	14.29%
1113.HK CK Asset Holdings Ltd	Real Estate	14.29%
0012.HK Henderson Land	Real Estate	14.29%
1209.HK China Resources Mixc Lifestyle Serv	Real Estate	14.29%
1908.HK C&D International Investment Group Ltd	Real Estate	14.29%
0363.HK Shanghai Industrial Holdings Ltd	Industrials	14.29%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Singapore + Hongkong Real Estate, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-2.64%	-0.21%	7.86%	7.47%	23.05%	19.90%	11.79%	13.33%
Portfolio Singapore + Hongkong Real Estate	-0.16%	-7.21%	11.50%	7.34%	32.51%	12.37%	7.83%	—
Portfolio components:
0012.HK Henderson Land	-1.22%	-13.24%	3.96%	-0.13%	21.66%	14.07%	1.05%	4.22%
0363.HK Shanghai Industrial Holdings Ltd	-1.97%	-5.52%	2.14%	-4.09%	24.13%	18.62%	12.41%	5.76%
1109.HK China Resources Land Ltd	0.02%	-2.19%	31.39%	20.53%	45.61%	10.31%	5.37%	11.24%
1113.HK CK Asset Holdings Ltd	-0.20%	-6.37%	21.42%	17.06%	47.60%	7.23%	3.00%	3.33%
1209.HK China Resources Mixc Lifestyle Serv	0.70%	-17.63%	-4.28%	-9.12%	9.86%	6.60%	1.60%	—
1908.HK C&D International Investment Group Ltd	-1.91%	-1.18%	6.01%	3.92%	11.23%	1.30%	10.35%	27.94%
UOLGY UOL Group Ltd ADR	-1.18%	-5.84%	16.41%	18.99%	61.46%	19.40%	9.39%	9.73%

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

Monthly Returns

Based on dividend-adjusted daily data since Dec 10, 2020, Singapore + Hongkong Real Estate's average daily return is +0.05%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +31.1%, while the worst month was Oct 2022 at -17.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Singapore + Hongkong Real Estate closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +7.5%, while the worst single day was Oct 8, 2024 at -9.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	10.99%	4.27%	-11.69%	9.57%	0.89%	-1.31%							11.50%
2025	-2.22%	8.41%	2.51%	1.81%	1.72%	10.32%	3.61%	6.54%	1.46%	-2.36%	7.14%	-3.68%	40.10%
2024	-12.75%	2.57%	-0.17%	8.54%	1.17%	-3.54%	-3.44%	3.97%	17.86%	-6.40%	-5.87%	0.10%	-1.25%
2023	7.15%	-3.67%	0.33%	0.79%	-10.86%	5.08%	6.60%	-8.58%	-3.57%	-4.88%	-1.97%	4.57%	-10.39%
2022	6.02%	-4.08%	2.12%	0.52%	0.52%	5.18%	-5.88%	-4.76%	-6.83%	-17.08%	31.13%	7.00%	7.25%
2021	1.20%	10.84%	2.63%	1.77%	0.95%	0.62%	-5.38%	1.71%	-1.37%	1.06%	-2.35%	3.95%	15.88%

Benchmark Metrics

Singapore + Hongkong Real Estate has an annualized alpha of 11.81%, beta of 0.11, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 10, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (46.73%) than losses (36.63%) - typical of diversified or defensive assets.
Beta of 0.11 may look defensive, but with R2 of 0.01 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.01 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha: 11.81%

Beta: 0.11

R²: 0.01

Upside Capture: 46.73%

Downside Capture: 36.63%

Expense Ratio

Singapore + Hongkong Real Estate has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Singapore + Hongkong Real Estate ranks 30 for risk / return — below 30% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

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.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for Singapore + Hongkong Real Estate and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.77	2.01	-0.24
Sortino ratioReturn per unit of downside risk	2.55	2.71	-0.16
Omega ratioGain probability vs. loss probability	1.31	1.36	-0.05
Calmar ratioReturn relative to maximum drawdown	2.62	2.69	-0.07
Martin ratioReturn relative to average drawdown	7.69	12.34	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
0012.HK Henderson Land	71	1.10	1.65	1.21	1.61	4.20
0363.HK Shanghai Industrial Holdings Ltd	74	1.26	1.86	1.23	1.96	4.34
1109.HK China Resources Land Ltd	82	1.68	2.53	1.28	2.92	5.93
1113.HK CK Asset Holdings Ltd	90	2.34	3.06	1.37	4.29	14.35
1209.HK China Resources Mixc Lifestyle Serv	54	0.37	0.75	1.09	0.66	1.92
1908.HK C&D International Investment Group Ltd	53	0.44	0.90	1.10	0.47	1.03
UOLGY UOL Group Ltd ADR	89	2.19	2.84	1.37	3.89	11.38

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Singapore + Hongkong Real Estate Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 1.77
5-Year: 0.33
All Time: 0.49

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Singapore + Hongkong Real Estate compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Singapore + Hongkong Real Estate provided a 4.28% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.28%	5.04%	6.80%	6.10%	4.94%	4.56%	5.42%	4.84%	3.51%	2.53%	2.57%	1.35%
Portfolio components:
0012.HK Henderson Land	4.39%	6.40%	7.63%	7.48%	6.61%	5.42%	5.95%	5.05%	4.75%	3.35%	3.87%	2.56%
0363.HK Shanghai Industrial Holdings Ltd	6.43%	6.53%	7.94%	9.49%	9.95%	8.80%	6.91%	6.75%	6.06%	4.11%	2.62%	3.98%
1109.HK China Resources Land Ltd	4.00%	5.29%	7.03%	5.75%	4.73%	4.63%	3.73%	3.24%	3.31%	3.10%	3.32%	2.20%
1113.HK CK Asset Holdings Ltd	3.81%	4.43%	6.30%	5.82%	4.62%	3.80%	4.82%	3.47%	3.05%	2.30%	3.01%	0.69%
1209.HK China Resources Mixc Lifestyle Serv	3.10%	2.99%	5.06%	3.62%	1.22%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
1908.HK C&D International Investment Group Ltd	5.71%	7.67%	9.95%	7.81%	5.27%	6.69%	14.56%	13.30%	4.49%	1.45%	0.00%	0.00%
UOLGY UOL Group Ltd ADR	2.52%	1.96%	3.72%	2.74%	2.15%	2.12%	1.98%	2.11%	2.88%	3.39%	5.17%	0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Singapore + Hongkong Real Estate. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Singapore + Hongkong Real Estate was 31.90%, occurring on Jan 22, 2024. Recovery took 361 trading sessions.

The current Singapore + Hongkong Real Estate drawdown is 8.82%.

Related event	Drawdown	Fall	Recovery	Underwater
2024 bear market2024	-31.90%Jan 2024	12mo	1y 4mo	2y 4moJan 2023 - Jun 2025
Bear market2022	-30.95%Oct 2022	4mo 3d	2mo 5d	6mo 8dJun 2022 - Jan 2023
Bear market2022	-18.95%Mar 2022	29d	3mo 14d	4mo 13dFeb 2022 - Jun 2022
2021 correction2021	-13.14%Sep 2021	2mo 27d	4mo 2d	6mo 29dJun 2021 - Jan 2022
2026 correction2026	-12.73%Mar 2026	1mo 2d	1mo 7d	2mo 9dFeb 2026 - May 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 7 assets, with an effective number of assets of 7.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.50	1.40	1.43	1.45

The portfolio has a diversification ratio of 1.45, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Singapore + Hongkong Real Estate correlation to the S&P 500 Index

Singapore + Hongkong Real Estate has a 0.06 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.08

Benchmark Correlations

Correlation vs. S&P 500 Index. UOLGY has the highest benchmark correlation at 0.19, while 0363.HK has the lowest at 0.03.

0.03

0.03

0.03

0.04

0.05

0.06

0.19

Portfolio Correlations

Correlation vs. Singapore + Hongkong Real Estate. 1109.HK has the highest portfolio correlation at 0.81, while UOLGY has the lowest at 0.37.

0.37

0.59

0.63

0.65

0.69

0.75

0.81

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	UOLGY	1908.HK	1113.HK	0363.HK	0012.HK	1209.HK	1109.HK
UOLGY	1.00	0.14	0.12	0.15	0.15	0.13	0.15
1908.HK	0.14	1.00	0.29	0.38	0.29	0.41	0.56
1113.HK	0.12	0.29	1.00	0.39	0.58	0.36	0.43
0363.HK	0.15	0.38	0.39	1.00	0.46	0.43	0.48
0012.HK	0.15	0.29	0.58	0.46	1.00	0.38	0.47
1209.HK	0.13	0.41	0.36	0.43	0.38	1.00	0.59
1109.HK	0.15	0.56	0.43	0.48	0.47	0.59	1.00

The correlation results are calculated based on daily price changes starting from Dec 10, 2020

Diversification Analysis

Find what Singapore + Hongkong Real Estate is missing

See which holdings overlap, where Singapore + Hongkong Real Estate is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification