0001.HK vs. 1038.HK

Last updated Jun 5, 2026

0001.HK (CK Hutchison Holdings Limited) and 1038.HK (CK Infrastructure Holdings Ltd) are both stocks. 0001.HK operates in Conglomerates (Industrials), while 1038.HK operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, 0001.HK returned 1.54%/yr vs 1.96%/yr for 1038.HK. At a 0.39 correlation, their price movements are largely independent.

Performance

0001.HK vs. 1038.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CK Hutchison Holdings Limited (0001.HK) and CK Infrastructure Holdings Ltd (1038.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0001.HK achieves a 32.76% return, which is significantly higher than 1038.HK's 0.67% return. Over the past 10 years, 0001.HK has underperformed 1038.HK with an annualized return of 1.54%, while 1038.HK has yielded a comparatively higher 1.96% annualized return.

0001.HK

• 1D: -1.29%
• 1M: 0.28%
• YTD: 32.76%
• 6M: 25.31%
• 1Y: 56.10%
• 3Y*: 18.19%
• 5Y*: 8.09%
• 10Y*: 1.54%

1038.HK

• 1D: -1.31%
• 1M: -13.65%
• YTD: 0.67%
• 6M: 7.28%
• 1Y: 12.44%
• 3Y*: 14.57%
• 5Y*: 8.68%
• 10Y*: 1.96%

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

0001.HK vs. 1038.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0001.HK CK Hutchison Holdings Limited	32.76%	33.85%	5.33%	-5.19%	-2.04%	-3.08%	-23.13%	3.10%	-20.84%	14.64%
1038.HK CK Infrastructure Holdings Ltd	0.67%	4.91%	40.97%	12.13%	-13.59%	25.53%	-20.62%	-2.64%	-8.13%	12.55%

Correlation

The correlation between 0001.HK and 1038.HK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 23, 1996	0.39

Return for Risk

0001.HK vs. 1038.HK — Risk / Return Rank

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

0001.HK

0001.HK Risk / Return Rank: 91
0001.HK Sharpe Ratio Rank: 92
0001.HK Sortino Ratio Rank: 90
0001.HK Omega Ratio Rank: 89
0001.HK Calmar Ratio Rank: 91
0001.HK Martin Ratio Rank: 92

1038.HK

1038.HK Risk / Return Rank: 62
1038.HK Sharpe Ratio Rank: 65
1038.HK Sortino Ratio Rank: 58
1038.HK Omega Ratio Rank: 56
1038.HK Calmar Ratio Rank: 63
1038.HK Martin Ratio Rank: 69

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.

0001.HK vs. 1038.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CK Hutchison Holdings Limited (0001.HK) and CK Infrastructure Holdings Ltd (1038.HK). 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.

	0001.HK	1038.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.50	0.75	+1.75
Sortino ratio: Return per unit of downside risk	3.24	1.18	+2.06
Omega ratio: Gain probability vs. loss probability	1.42	1.14	+0.28
Calmar ratio: Return relative to maximum drawdown	4.85	1.09	+3.76
Martin ratio: Return relative to average drawdown	14.08	3.67	+10.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0001.HK vs. 1038.HK - Sharpe Ratio Comparison

The current 0001.HK Sharpe Ratio is 2.50, which is higher than the 1038.HK Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of 0001.HK and 1038.HK, 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

	0001.HK	1038.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	0.75	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.42	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.10	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.32	+0.02

Drawdowns

0001.HK vs. 1038.HK - Drawdown Comparison

The maximum 0001.HK drawdown since its inception was -69.15%, which is greater than 1038.HK's maximum drawdown of -60.88%. Use the drawdown chart below to compare losses from any high point for 0001.HK and 1038.HK.

Drawdown Indicators

	0001.HK	1038.HK	Difference
Max Drawdown Largest peak-to-trough decline	-69.15%	-60.88%	-8.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-13.91%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-26.86%	-19.95%	-6.91%
Max Drawdown (5Y) Largest decline over 5 years	-35.09%	-33.03%	-2.06%
Max Drawdown (10Y) Largest decline over 10 years	-56.23%	-46.96%	-9.27%
Current Drawdown Current decline from peak	-10.30%	-13.91%	+3.61%
Average Drawdown Average peak-to-trough decline	-25.91%	-18.31%	-7.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	4.07%	+0.17%

Volatility

0001.HK vs. 1038.HK - Volatility Comparison

CK Hutchison Holdings Limited (0001.HK) has a higher volatility of 7.65% compared to CK Infrastructure Holdings Ltd (1038.HK) at 5.32%. This indicates that 0001.HK's price experiences larger fluctuations and is considered to be riskier than 1038.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0001.HK	1038.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	5.32%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	20.08%	17.02%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	24.24%	20.14%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.69%	21.08%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	20.84%	+2.60%

Dividends

0001.HK vs. 1038.HK - Dividend Comparison

0001.HK's dividend yield for the trailing twelve months is around 3.37%, less than 1038.HK's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0001.HK CK Hutchison Holdings Limited	3.37%	4.20%	5.93%	6.79%	5.76%	4.97%	5.39%	4.27%	3.91%	2.78%	2.94%	6.44%
1038.HK CK Infrastructure Holdings Ltd	4.64%	4.50%	4.45%	5.88%	6.14%	4.99%	5.91%	4.38%	4.03%	3.43%	3.53%	2.89%

Financials

Frequently Asked Questions

Can I hold both 0001.HK and 1038.HK in my portfolio?

0001.HK and 1038.HK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.