0017.HK vs. 1997.HK

Last updated Jun 5, 2026

0017.HK (New World Development Co Ltd) and 1997.HK (Wharf Real Estate Investment Co Ltd) are both stocks. Both are in the Real Estate sector — 0017.HK in Real Estate - Diversified, 1997.HK in Real Estate - Services. Over the past 5 years, 0017.HK returned -25.38%/yr vs -8.24%/yr for 1997.HK. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

0017.HK vs. 1997.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in New World Development Co Ltd (0017.HK) and Wharf Real Estate Investment Co Ltd (1997.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0017.HK achieves a 5.78% return, which is significantly higher than 1997.HK's -3.53% return.

0017.HK

• 1D: -2.41%
• 1M: -15.31%
• YTD: 5.78%
• 6M: 8.16%
• 1Y: 67.54%
• 3Y*: -25.76%
• 5Y*: -25.38%
• 10Y*: -8.78%

1997.HK

• 1D: -1.54%
• 1M: -7.91%
• YTD: -3.53%
• 6M: -4.54%
• 1Y: 20.78%
• 3Y*: -12.42%
• 5Y*: -8.24%
• 10Y*: —

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

0017.HK vs. 1997.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0017.HK New World Development Co Ltd	5.78%	40.89%	-56.48%	-42.63%	-21.16%	-9.41%	-10.94%	7.94%	-7.78%	2.98%
1997.HK Wharf Real Estate Investment Co Ltd	-3.53%	31.32%	-20.62%	-39.97%	18.96%	1.47%	-10.34%	5.81%	-6.44%	4.00%

Correlation

The correlation between 0017.HK and 1997.HK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017	0.55

The correlation between 0017.HK and 1997.HK has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

0017.HK vs. 1997.HK — Risk / Return Rank

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

0017.HK

0017.HK Risk / Return Rank: 76
0017.HK Sharpe Ratio Rank: 78
0017.HK Sortino Ratio Rank: 77
0017.HK Omega Ratio Rank: 73
0017.HK Calmar Ratio Rank: 77
0017.HK Martin Ratio Rank: 74

1997.HK

1997.HK Risk / Return Rank: 62
1997.HK Sharpe Ratio Rank: 66
1997.HK Sortino Ratio Rank: 60
1997.HK Omega Ratio Rank: 57
1997.HK Calmar Ratio Rank: 63
1997.HK Martin Ratio Rank: 64

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.

0017.HK vs. 1997.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New World Development Co Ltd (0017.HK) and Wharf Real Estate Investment Co Ltd (1997.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.

	0017.HK	1997.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.78	+0.50
Sortino ratio: Return per unit of downside risk	2.08	1.24	+0.84
Omega ratio: Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio: Return relative to maximum drawdown	2.21	1.07	+1.13
Martin ratio: Return relative to average drawdown	4.80	2.65	+2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0017.HK vs. 1997.HK - Sharpe Ratio Comparison

The current 0017.HK Sharpe Ratio is 1.27, which is higher than the 1997.HK Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of 0017.HK and 1997.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

	0017.HK	1997.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	0.78	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	-0.26	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	-0.14	+0.02

Drawdowns

0017.HK vs. 1997.HK - Drawdown Comparison

The maximum 0017.HK drawdown since its inception was -92.43%, which is greater than 1997.HK's maximum drawdown of -64.36%. Use the drawdown chart below to compare losses from any high point for 0017.HK and 1997.HK.

Drawdown Indicators

	0017.HK	1997.HK	Difference
Max Drawdown Largest peak-to-trough decline	-92.43%	-64.36%	-28.07%
Max Drawdown (1Y) Largest decline over 1 year	-32.43%	-21.73%	-10.70%
Max Drawdown (3Y) Largest decline over 3 years	-79.66%	-56.53%	-23.13%
Max Drawdown (5Y) Largest decline over 5 years	-88.22%	-59.66%	-28.56%
Max Drawdown (10Y) Largest decline over 10 years	-90.09%	—	—
Current Drawdown Current decline from peak	-85.59%	-48.37%	-37.22%
Average Drawdown Average peak-to-trough decline	-56.40%	-32.86%	-23.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.73%	8.69%	+6.04%

Volatility

0017.HK vs. 1997.HK - Volatility Comparison

New World Development Co Ltd (0017.HK) has a higher volatility of 13.97% compared to Wharf Real Estate Investment Co Ltd (1997.HK) at 8.53%. This indicates that 0017.HK's price experiences larger fluctuations and is considered to be riskier than 1997.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0017.HK	1997.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	8.53%	+5.44%
Volatility (6M) Calculated over the trailing 6-month period	40.47%	19.80%	+20.67%
Volatility (1Y) Calculated over the trailing 1-year period	56.34%	30.11%	+26.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	32.47%	+12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.51%	33.05%	+3.46%

Dividends

0017.HK vs. 1997.HK - Dividend Comparison

0017.HK has not paid dividends to shareholders, while 1997.HK's dividend yield for the trailing twelve months is around 5.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0017.HK New World Development Co Ltd	0.00%	0.00%	3.88%	6.27%	9.36%	6.68%	5.65%	4.78%	4.63%	3.92%	5.37%	5.48%
1997.HK Wharf Real Estate Investment Co Ltd	5.73%	5.13%	6.29%	4.85%	2.95%	3.43%	4.24%	4.52%	4.27%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 0017.HK and 1997.HK in my portfolio?

0017.HK and 1997.HK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.