0002.HK vs. 0388.HK

Last updated Jul 11, 2026

0002.HK (CLP Holdings) and 0388.HK (Hong Kong Exchange and Clearing Ltd) are both stocks. 0002.HK operates in Utilities - Regulated Electric (Utilities), while 0388.HK operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, 0002.HK returned 3.88%/yr vs 10.29%/yr for 0388.HK. At a 0.30 correlation, their price movements are largely independent.

Performance

0002.HK vs. 0388.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CLP Holdings (0002.HK) and Hong Kong Exchange and Clearing Ltd (0388.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0002.HK achieves a 12.97% return, which is significantly higher than 0388.HK's -4.04% return. Over the past 10 years, 0002.HK has underperformed 0388.HK with an annualized return of 3.88%, while 0388.HK has yielded a comparatively higher 10.29% annualized return.

0002.HK

• 1D: 0.39%
• 1M: 4.36%
• 6M: 11.53%
• YTD: 12.97%
• 1Y: 22.24%
• 3Y*: 14.10%
• 5Y*: 4.63%
• 10Y*: 3.88%

0388.HK

• 1D: 1.21%
• 1M: 1.16%
• 6M: -8.36%
• YTD: -4.04%
• 1Y: -6.87%
• 3Y*: 13.86%
• 5Y*: -2.07%
• 10Y*: 10.29%

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

0002.HK vs. 0388.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0002.HK CLP Holdings	12.97%	11.78%	6.25%	19.38%	-24.43%	14.40%	-8.95%	-4.11%	14.72%	16.26%
0388.HK Hong Kong Exchange and Clearing Ltd	-4.04%	42.10%	13.85%	-18.41%	-24.22%	9.26%	71.64%	14.65%	-2.86%	33.92%

Correlation

The correlation between 0002.HK and 0388.HK is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 30, 2006	0.30

Return for Risk

0002.HK vs. 0388.HK — Risk / Return Rank

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

0002.HK

0002.HK Risk / Return Rank: 90
0002.HK Sharpe Ratio Rank: 92
0002.HK Sortino Ratio Rank: 90
0002.HK Omega Ratio Rank: 90
0002.HK Calmar Ratio Rank: 92
0002.HK Martin Ratio Rank: 88

0388.HK

0388.HK Risk / Return Rank: 35
0388.HK Sharpe Ratio Rank: 37
0388.HK Sortino Ratio Rank: 31
0388.HK Omega Ratio Rank: 31
0388.HK Calmar Ratio Rank: 38
0388.HK Martin Ratio Rank: 37

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.

0002.HK vs. 0388.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CLP Holdings (0002.HK) and Hong Kong Exchange and Clearing Ltd (0388.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	0002.HK	0388.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.19	+2.28
Sortino ratio: Return per unit of downside risk	2.77	-0.13	+2.90
Omega ratio: Gain probability vs. loss probability	1.38	0.99	+0.39
Calmar ratio: Return relative to maximum drawdown	4.29	-0.21	+4.50
Martin ratio: Return relative to average drawdown	8.81	-0.46	+9.27

0002.HK vs. 0388.HK - Sharpe Ratio Comparison

The current 0002.HK Sharpe Ratio is 2.09, which is higher than the 0388.HK Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of 0002.HK and 0388.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.

Drawdowns

0002.HK vs. 0388.HK - Drawdown Comparison

The maximum 0002.HK drawdown since its inception was -38.72%, smaller than the maximum 0388.HK drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for 0002.HK and 0388.HK.

Drawdown Indicators

	0002.HK	0388.HK	Difference
Max Drawdown Largest peak-to-trough decline	-38.72%	-79.34%	+40.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.37%	-19.66%	+14.29%
Max Drawdown (3Y) Largest decline over 3 years	-11.92%	-32.06%	+20.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.70%	-60.01%	+26.31%
Max Drawdown (10Y) Largest decline over 10 years	-37.95%	-61.53%	+23.58%
Current Drawdown Current decline from peak	0.00%	-21.39%	+21.39%
Average Drawdown Average peak-to-trough decline	-10.07%	-30.33%	+20.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	9.04%	-6.45%

Volatility

0002.HK vs. 0388.HK - Volatility Comparison

The current volatility for CLP Holdings (0002.HK) is 3.95%, while Hong Kong Exchange and Clearing Ltd (0388.HK) has a volatility of 6.11%. This indicates that 0002.HK experiences smaller price fluctuations and is considered to be less risky than 0388.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0002.HK	0388.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	6.11%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	15.61%	-6.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	21.74%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	34.04%	-18.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	30.55%	-14.67%

Dividends

0002.HK vs. 0388.HK - Dividend Comparison

0002.HK's dividend yield for the trailing twelve months is around 4.18%, more than 0388.HK's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0002.HK CLP Holdings	4.18%	4.53%	4.75%	4.81%	5.44%	3.94%	4.30%	3.76%	3.36%	3.58%	3.87%	4.02%
0388.HK Hong Kong Exchange and Clearing Ltd	3.25%	2.67%	2.81%	3.06%	2.26%	2.01%	1.58%	2.68%	2.86%	1.91%	2.77%	2.63%

Financials

Frequently Asked Questions

Can I hold both 0002.HK and 0388.HK in my portfolio?

0002.HK and 0388.HK have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.