0012.HK vs. GMG.AX

Last updated Jun 13, 2026

0012.HK (Henderson Land) and GMG.AX (Goodman Group) are both stocks. Both operate in the Real Estate - Diversified industry within the Real Estate sector. Over the past 10 years, 0012.HK returned 7.04%/yr vs 18.00%/yr for GMG.AX. At a 0.19 correlation, their price movements are largely independent.

Performance

0012.HK vs. GMG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Henderson Land (0012.HK) and Goodman Group (GMG.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0012.HK is traded in HKD, while GMG.AX is traded in AUD. To make them comparable, the GMG.AX values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0012.HK achieves a -1.76% return, which is significantly lower than GMG.AX's 8.10% return. Over the past 10 years, 0012.HK has underperformed GMG.AX with an annualized return of 7.04%, while GMG.AX has yielded a comparatively higher 18.00% annualized return.

0012.HK

• 1D: 0.97%
• 1M: -17.82%
• YTD: -1.76%
• 6M: -6.16%
• 1Y: 11.10%
• 3Y*: 10.98%
• 5Y*: -0.54%
• 10Y*: 7.04%

GMG.AX

• 1D: 2.15%
• 1M: -2.20%
• YTD: 8.10%
• 6M: 14.71%
• 1Y: 0.95%
• 3Y*: 19.77%
• 5Y*: 8.34%
• 10Y*: 18.00%

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

0012.HK vs. GMG.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0012.HK Henderson Land	-1.76%	28.27%	5.75%	-4.71%	-12.83%	15.35%	-16.23%	23.98%	-5.03%	55.92%
GMG.AX Goodman Group	8.10%	-5.24%	27.92%	47.60%	-37.47%	34.75%	57.28%	27.27%	17.51%	33.18%

Correlation

The correlation between 0012.HK and GMG.AX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Apr 4, 2012	0.19

Return for Risk

0012.HK vs. GMG.AX — Risk / Return Rank

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

0012.HK

0012.HK Risk / Return Rank: 54
0012.HK Sharpe Ratio Rank: 57
0012.HK Sortino Ratio Rank: 50
0012.HK Omega Ratio Rank: 49
0012.HK Calmar Ratio Rank: 54
0012.HK Martin Ratio Rank: 58

GMG.AX

GMG.AX Risk / Return Rank: 32
GMG.AX Sharpe Ratio Rank: 33
GMG.AX Sortino Ratio Rank: 28
GMG.AX Omega Ratio Rank: 28
GMG.AX Calmar Ratio Rank: 37
GMG.AX Martin Ratio Rank: 36

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.

0012.HK vs. GMG.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Henderson Land (0012.HK) and Goodman Group (GMG.AX). 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.

	0012.HK	GMG.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.42	0.03	+0.38
Sortino ratio: Return per unit of downside risk	0.78	0.27	+0.51
Omega ratio: Gain probability vs. loss probability	1.10	1.03	+0.06
Calmar ratio: Return relative to maximum drawdown	0.50	0.04	+0.46
Martin ratio: Return relative to average drawdown	1.44	0.08	+1.35

0012.HK vs. GMG.AX - Sharpe Ratio Comparison

The current 0012.HK Sharpe Ratio is 0.42, which is higher than the GMG.AX Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of 0012.HK and GMG.AX, 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

0012.HK vs. GMG.AX - Drawdown Comparison

The maximum 0012.HK drawdown since its inception was -70.51%, which is greater than GMG.AX's maximum drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for 0012.HK and GMG.AX.

Drawdown Indicators

	0012.HK	GMG.AX	Difference
Max Drawdown Largest peak-to-trough decline	-70.51%	-50.01%	-20.50%
Max Drawdown (1Y) Largest decline over 1 year	-22.75%	-25.98%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-26.91%	-38.94%	+12.03%
Max Drawdown (5Y) Largest decline over 5 years	-46.09%	-48.54%	+2.45%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-50.01%	+2.32%
Current Drawdown Current decline from peak	-22.00%	-12.56%	-9.44%
Average Drawdown Average peak-to-trough decline	-18.68%	-11.41%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.82%	11.35%	-3.53%

Volatility

0012.HK vs. GMG.AX - Volatility Comparison

The current volatility for Henderson Land (0012.HK) is 5.77%, while Goodman Group (GMG.AX) has a volatility of 8.47%. This indicates that 0012.HK experiences smaller price fluctuations and is considered to be less risky than GMG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0012.HK	GMG.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	8.47%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	19.63%	23.94%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	27.26%	28.56%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	29.92%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.13%	29.31%	-4.18%

Dividends

0012.HK vs. GMG.AX - Dividend Comparison

0012.HK's dividend yield for the trailing twelve months is around 4.68%, more than GMG.AX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0012.HK Henderson Land	4.68%	6.40%	7.63%	7.48%	6.61%	5.42%	5.95%	4.71%	4.15%	2.93%	4.47%	3.30%
GMG.AX Goodman Group	0.95%	0.97%	0.42%	1.19%	1.73%	1.13%	1.59%	2.24%	2.75%	3.20%	3.48%	3.67%

Financials

Frequently Asked Questions

Can I hold both 0012.HK and GMG.AX in my portfolio?

0012.HK and GMG.AX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.