HK Investors

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

HK Investors

Currency in USD · Last updated May 23, 2025

Top HK Equities

Asset Allocation

Position	Category/Sector	Target Weight
0700.HK Tencent Holdings Ltd	Communication Services	8%
0939.HK China Construction Bank Corp	Financial Services	8%
0941.HK China Mobile Ltd	Communication Services	6%
1211.HK BYD Co Ltd-H	Consumer Cyclical	10%
1339.HK People’s Insurance Group of China Co Ltd	Financial Services	6%
1378.HK China Hongqiao Group Ltd	Basic Materials	9%
1398.HK Industrial and Commercial Bank of China	Financial Services	8%
1810.HK Xiaomi Corp	Technology	15%
3690.HK Meituan	Consumer Cyclical	5%
9868.HK Xpeng Inc	Consumer Cyclical	15%
9988.HK Alibaba Group Holding Ltd	Consumer Cyclical	10%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Jul 7, 2021, corresponding to the inception date of 9868.HK

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-0.67%	10.48%	-1.79%	10.08%	14.60%	10.64%
HK Investors	39.44%	11.69%	47.40%	82.31%	N/A	N/A
Portfolio components:
1810.HK Xiaomi Corp	52.46%	18.80%	87.96%	173.02%	35.01%	N/A
0939.HK China Construction Bank Corp	14.17%	5.99%	24.53%	36.52%	12.36%	6.25%
1398.HK Industrial and Commercial Bank of China	10.38%	3.95%	23.58%	30.97%	11.05%	4.83%
1378.HK China Hongqiao Group Ltd	32.27%	15.56%	26.86%	38.30%	48.47%	13.43%
1339.HK People’s Insurance Group of China Co Ltd	32.66%	15.82%	36.69%	95.91%	25.63%	3.35%
0941.HK China Mobile Ltd	12.65%	3.93%	21.73%	25.78%	17.11%	3.43%
0700.HK Tencent Holdings Ltd	24.07%	12.20%	27.13%	35.22%	7.23%	14.07%
9868.HK Xpeng Inc	73.91%	10.98%	72.34%	136.24%	N/A	N/A
1211.HK BYD Co Ltd-H	69.92%	20.36%	71.34%	114.25%	60.85%	23.97%
9988.HK Alibaba Group Holding Ltd	42.75%	7.35%	40.35%	45.01%	-9.20%	N/A
3690.HK Meituan	-11.44%	3.56%	-21.68%	12.51%	2.79%	N/A

*Annualized

Monthly Returns

The table below presents the monthly returns of HK Investors, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	7.02%	21.83%	2.60%	-4.31%	8.92%								39.44%
2024	-15.07%	7.06%	5.94%	9.13%	4.96%	-1.26%	0.69%	6.51%	25.08%	-1.50%	-2.56%	8.24%	51.81%
2023	12.95%	-10.36%	8.58%	-4.23%	-8.66%	11.37%	20.77%	-7.62%	-1.93%	-3.22%	1.55%	-2.36%	12.46%
2022	-5.86%	-0.84%	-3.96%	-4.38%	0.83%	8.39%	-11.13%	-4.50%	-16.60%	-16.00%	22.94%	5.83%	-27.52%
2021							-5.71%	2.93%	-8.68%	8.26%	-3.74%	-2.76%	-10.19%

Expense Ratio

HK Investors 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.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 96, HK Investors is among the top 4% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
1810.HK Xiaomi Corp	3.57	3.42	1.48	4.01	16.13
0939.HK China Construction Bank Corp	1.50	2.64	1.36	4.35	14.25
1398.HK Industrial and Commercial Bank of China	1.30	2.39	1.30	3.10	9.22
1378.HK China Hongqiao Group Ltd	0.84	1.43	1.19	1.40	3.04
1339.HK People’s Insurance Group of China Co Ltd	2.32	2.75	1.45	4.36	7.97
0941.HK China Mobile Ltd	1.44	2.28	1.32	2.91	7.12
0700.HK Tencent Holdings Ltd	1.05	1.74	1.24	1.36	3.96
9868.HK Xpeng Inc	2.05	2.62	1.33	1.77	10.49
1211.HK BYD Co Ltd-H	2.61	2.71	1.38	2.78	9.69
9988.HK Alibaba Group Holding Ltd	0.98	1.79	1.24	0.86	3.43
3690.HK Meituan	0.23	0.79	1.10	0.23	0.72

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.

HK Investors Sharpe ratios as of May 23, 2025 (values are recalculated daily):

1-Year: 2.46
All Time: 0.36

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 0.47 to 0.99, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of HK Investors compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

HK Investors provided a 3.49% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	3.49%	2.71%	2.89%	3.63%	3.09%	2.43%	1.66%	2.19%	0.99%	1.41%	1.91%	1.65%
Portfolio components:
1810.HK Xiaomi Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
0939.HK China Construction Bank Corp	12.53%	6.77%	9.08%	8.71%	7.24%	5.94%	5.19%	5.34%	4.44%	5.41%	7.18%	5.93%
1398.HK Industrial and Commercial Bank of China	8.72%	6.43%	8.62%	8.54%	7.27%	5.74%	4.75%	5.19%	4.25%	5.92%	6.92%	5.82%
1378.HK China Hongqiao Group Ltd	11.01%	7.48%	3.44%	13.70%	11.54%	6.90%	5.11%	10.56%	0.00%	2.20%	6.07%	5.16%
1339.HK People’s Insurance Group of China Co Ltd	4.59%	6.13%	7.58%	6.63%	7.04%	6.85%	1.60%	1.56%	1.01%	0.87%	0.31%	0.29%
0941.HK China Mobile Ltd	5.75%	6.53%	7.16%	8.95%	7.24%	7.36%	4.45%	4.52%	3.62%	3.27%	3.32%	3.49%
0700.HK Tencent Holdings Ltd	0.87%	0.82%	1.63%	0.98%	0.35%	0.21%	0.27%	0.29%	0.15%	0.25%	0.24%	0.21%
9868.HK Xpeng Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
1211.HK BYD Co Ltd-H	0.25%	0.43%	0.20%	0.02%	0.02%	0.01%	0.20%	0.12%	0.10%	0.34%	0.00%	0.07%
9988.HK Alibaba Group Holding Ltd	0.82%	1.18%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
3690.HK Meituan	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 HK Investors. 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 HK Investors was 50.27%, occurring on Oct 31, 2022. Recovery took 469 trading sessions.

The current HK Investors drawdown is 5.42%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-50.27%	Jul 23, 2021	315	Oct 31, 2022	469	Sep 27, 2024	784
-24.2%	Mar 19, 2025	13	Apr 7, 2025	—	—	—
-12.69%	Oct 8, 2024	35	Nov 26, 2024	37	Jan 21, 2025	72
-5.37%	Feb 28, 2025	3	Mar 4, 2025	2	Mar 6, 2025	5
-3.49%	Jul 8, 2021	1	Jul 8, 2021	3	Jul 13, 2021	4

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 11 assets, with an effective number of assets of 9.80, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

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

	^GSPC	0941.HK	1378.HK	9868.HK	1398.HK	0939.HK	1211.HK	1339.HK	1810.HK	3690.HK	9988.HK	0700.HK	Portfolio
^GSPC	1.00	0.05	0.08	0.11	0.09	0.08	0.10	0.06	0.10	0.13	0.12	0.14	0.14
0941.HK	0.05	1.00	0.35	0.27	0.50	0.50	0.32	0.44	0.37	0.32	0.37	0.37	0.48
1378.HK	0.08	0.35	1.00	0.33	0.37	0.38	0.36	0.46	0.37	0.37	0.36	0.40	0.57
9868.HK	0.11	0.27	0.33	1.00	0.31	0.32	0.61	0.35	0.54	0.53	0.54	0.52	0.81
1398.HK	0.09	0.50	0.37	0.31	1.00	0.88	0.32	0.59	0.43	0.38	0.43	0.41	0.56
0939.HK	0.08	0.50	0.38	0.32	0.88	1.00	0.34	0.60	0.43	0.38	0.42	0.43	0.57
1211.HK	0.10	0.32	0.36	0.61	0.32	0.34	1.00	0.39	0.56	0.55	0.54	0.54	0.74
1339.HK	0.06	0.44	0.46	0.35	0.59	0.60	0.39	1.00	0.45	0.49	0.49	0.50	0.61
1810.HK	0.10	0.37	0.37	0.54	0.43	0.43	0.56	0.45	1.00	0.60	0.60	0.62	0.80
3690.HK	0.13	0.32	0.37	0.53	0.38	0.38	0.55	0.49	0.60	1.00	0.71	0.74	0.76
9988.HK	0.12	0.37	0.36	0.54	0.43	0.42	0.54	0.49	0.60	0.71	1.00	0.73	0.78
0700.HK	0.14	0.37	0.40	0.52	0.41	0.43	0.54	0.50	0.62	0.74	0.73	1.00	0.77
Portfolio	0.14	0.48	0.57	0.81	0.56	0.57	0.74	0.61	0.80	0.76	0.78	0.77	1.00

The correlation results are calculated based on daily price changes starting from Jul 8, 2021

Performance Analysis

Risk Analysis

Optimization

Factor Model

HK Investors

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

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