0005.HK vs. 3199.HK

Last updated Jun 27, 2026

0005.HK (HSBC Holdings PLC) is a stock, while 3199.HK (ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF) is Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond. Over the past 10 years, 0005.HK returned 18.48%/yr vs 2.91%/yr for 3199.HK. At a 0.17 correlation, their price movements are largely independent.

Performance

0005.HK vs. 3199.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in HSBC Holdings PLC (0005.HK) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0005.HK achieves a 24.65% return, which is significantly higher than 3199.HK's 5.55% return. Over the past 10 years, 0005.HK has outperformed 3199.HK with an annualized return of 18.48%, while 3199.HK has yielded a comparatively lower 2.91% annualized return.

0005.HK

• 1D: -0.40%
• 1M: 0.75%
• YTD: 24.65%
• 6M: 23.24%
• 1Y: 62.32%
• 3Y*: 44.49%
• 5Y*: 34.32%
• 10Y*: 18.48%

3199.HK

• 1D: 0.00%
• 1M: 0.29%
• YTD: 5.55%
• 6M: 5.92%
• 1Y: 6.45%
• 3Y*: 5.85%
• 5Y*: 3.05%
• 10Y*: 2.91%

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

0005.HK vs. 3199.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0005.HK HSBC Holdings PLC	24.65%	70.56%	32.80%	39.10%	8.04%	19.47%	-33.03%	0.13%	-14.53%	35.91%
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	5.55%	5.50%	3.23%	2.29%	-6.15%	7.24%	10.68%	0.52%	0.60%	6.18%

Correlation

The correlation between 0005.HK and 3199.HK is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 19, 2014	0.17

The correlation between 0005.HK and 3199.HK shifts across timeframes, from 0.17 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

0005.HK vs. 3199.HK — Risk / Return Rank

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

0005.HK

0005.HK Risk / Return Rank: 91
0005.HK Sharpe Ratio Rank: 93
0005.HK Sortino Ratio Rank: 89
0005.HK Omega Ratio Rank: 91
0005.HK Calmar Ratio Rank: 88
0005.HK Martin Ratio Rank: 93

3199.HK

3199.HK Risk / Return Rank: 57
3199.HK Sharpe Ratio Rank: 44
3199.HK Sortino Ratio Rank: 47
3199.HK Omega Ratio Rank: 45
3199.HK Calmar Ratio Rank: 86
3199.HK Martin Ratio Rank: 65

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.

0005.HK vs. 3199.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings PLC (0005.HK) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.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.

	0005.HK	3199.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.38	+1.01
Sortino ratio: Return per unit of downside risk	2.92	2.10	+0.82
Omega ratio: Gain probability vs. loss probability	1.43	1.26	+0.17
Calmar ratio: Return relative to maximum drawdown	3.76	4.18	-0.42
Martin ratio: Return relative to average drawdown	13.86	10.12	+3.74

0005.HK vs. 3199.HK - Sharpe Ratio Comparison

The current 0005.HK Sharpe Ratio is 2.40, which is higher than the 3199.HK Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of 0005.HK and 3199.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

0005.HK vs. 3199.HK - Drawdown Comparison

The maximum 0005.HK drawdown since its inception was -78.77%, which is greater than 3199.HK's maximum drawdown of -13.70%. Use the drawdown chart below to compare losses from any high point for 0005.HK and 3199.HK.

Drawdown Indicators

	0005.HK	3199.HK	Difference
Max Drawdown Largest peak-to-trough decline	-78.77%	-13.70%	-65.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.08%	-1.60%	-15.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.33%	-3.84%	-16.49%
Max Drawdown (5Y) Largest decline over 5 years	-31.89%	-11.05%	-20.84%
Max Drawdown (10Y) Largest decline over 10 years	-63.06%	-13.70%	-49.36%
Current Drawdown Current decline from peak	-0.87%	-0.82%	-0.05%
Average Drawdown Average peak-to-trough decline	-23.47%	-3.39%	-20.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	0.65%	+3.93%

Volatility

0005.HK vs. 3199.HK - Volatility Comparison

HSBC Holdings PLC (0005.HK) has a higher volatility of 7.87% compared to ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) at 1.27%. This indicates that 0005.HK's price experiences larger fluctuations and is considered to be riskier than 3199.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0005.HK	3199.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.87%	1.27%	+6.60%
Volatility (6M) Calculated over the trailing 6-month period	22.61%	3.73%	+18.88%
Volatility (1Y) Calculated over the trailing 1-year period	26.83%	4.87%	+21.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.51%	5.39%	+19.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	6.57%	+16.87%

Dividends

0005.HK vs. 3199.HK - Dividend Comparison

0005.HK's dividend yield for the trailing twelve months is around 3.97%, more than 3199.HK's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0005.HK HSBC Holdings PLC	3.97%	4.19%	8.44%	6.59%	4.36%	3.65%	0.00%	6.56%	6.17%	4.97%	6.35%	6.26%
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	3.33%	3.34%	3.42%	3.51%	3.65%	3.40%	3.29%	3.57%	3.61%	3.39%	3.55%	3.68%

Frequently Asked Questions

Can I hold both 0005.HK and 3199.HK in my portfolio?

0005.HK and 3199.HK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.