0189.HK vs. ^HSI

Last updated Jun 5, 2026

0189.HK (Dongyue Group Ltd) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 0189.HK returned 33.75%/yr vs 1.85%/yr for ^HSI. At a 0.42 correlation, their price movements are largely independent.

Performance

0189.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Dongyue Group Ltd (0189.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0189.HK achieves a 63.77% return, which is significantly higher than ^HSI's -1.47% return. Over the past 10 years, 0189.HK has outperformed ^HSI with an annualized return of 33.75%, while ^HSI has yielded a comparatively lower 1.85% annualized return.

0189.HK

• 1D: 5.60%
• 1M: 38.11%
• YTD: 63.77%
• 6M: 66.38%
• 1Y: 97.50%
• 3Y*: 39.41%
• 5Y*: 28.66%
• 10Y*: 33.75%

^HSI

• 1D: -1.48%
• 1M: -2.49%
• YTD: -1.47%
• 6M: -2.63%
• 1Y: 6.76%
• 3Y*: 9.74%
• 5Y*: -2.67%
• 10Y*: 1.85%

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

0189.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0189.HK Dongyue Group Ltd	63.77%	34.70%	45.33%	-28.56%	-27.16%	102.42%	52.25%	14.54%	-23.00%	304.12%
^HSI Hang Seng Index	-1.47%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Correlation

The correlation between 0189.HK and ^HSI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 11, 2007	0.42

Return for Risk

0189.HK vs. ^HSI — Risk / Return Rank

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

0189.HK

0189.HK Risk / Return Rank: 84
0189.HK Sharpe Ratio Rank: 86
0189.HK Sortino Ratio Rank: 85
0189.HK Omega Ratio Rank: 81
0189.HK Calmar Ratio Rank: 85
0189.HK Martin Ratio Rank: 81

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 26
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 28
^HSI Martin Ratio Rank: 29

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.

0189.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dongyue Group Ltd (0189.HK) and Hang Seng Index (^HSI). 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.

	0189.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	1.83	0.37	+1.45
Sortino ratio: Return per unit of downside risk	2.72	0.67	+2.05
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.25
Calmar ratio: Return relative to maximum drawdown	3.45	0.54	+2.91
Martin ratio: Return relative to average drawdown	6.81	1.35	+5.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0189.HK vs. ^HSI - Sharpe Ratio Comparison

The current 0189.HK Sharpe Ratio is 1.83, which is higher than the ^HSI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of 0189.HK and ^HSI, 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

	0189.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	0.37	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	-0.11	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.09	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.27	+0.01

Drawdowns

0189.HK vs. ^HSI - Drawdown Comparison

The maximum 0189.HK drawdown since its inception was -86.75%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 0189.HK and ^HSI.

Drawdown Indicators

	0189.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-86.75%	-65.18%	-21.57%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-12.82%	-15.27%
Max Drawdown (3Y) Largest decline over 3 years	-46.40%	-25.49%	-20.91%
Max Drawdown (5Y) Largest decline over 5 years	-78.55%	-49.85%	-28.70%
Max Drawdown (10Y) Largest decline over 10 years	-78.55%	-55.70%	-22.85%
Current Drawdown Current decline from peak	-25.14%	-23.83%	-1.31%
Average Drawdown Average peak-to-trough decline	-51.88%	-24.17%	-27.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.05%	5.09%	+8.96%

Volatility

0189.HK vs. ^HSI - Volatility Comparison

Dongyue Group Ltd (0189.HK) has a higher volatility of 30.05% compared to Hang Seng Index (^HSI) at 5.18%. This indicates that 0189.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0189.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.05%	5.18%	+24.87%
Volatility (6M) Calculated over the trailing 6-month period	41.61%	13.70%	+27.91%
Volatility (1Y) Calculated over the trailing 1-year period	52.98%	18.52%	+34.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.60%	25.32%	+36.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.97%	21.96%	+42.01%

Frequently Asked Questions

Can I hold both 0189.HK and ^HSI in my portfolio?

0189.HK and ^HSI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.