0386.HK vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about China Petroleum & Chemical Corp Class H (0386.HK) and S&P 500 Index (^GSPC).

Performance

0386.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Petroleum & Chemical Corp Class H (0386.HK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

0386.HK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0386.HK China Petroleum & Chemical Corp Class H	-1.93%	11.10%	17.42%	17.25%	19.85%	14.17%	-19.50%	-8.90%	6.53%	9.85%
^GSPC S&P 500 Index	-3.29%	16.61%	22.67%	24.22%	-19.31%	27.58%	15.74%	28.20%	-6.03%	20.34%

Different Trading Currencies

0386.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0386.HK achieves a -1.93% return, which is significantly higher than ^GSPC's -3.94% return. Over the past 10 years, 0386.HK has underperformed ^GSPC with an annualized return of 7.03%, while ^GSPC has yielded a comparatively higher 12.28% annualized return.

0386.HK

• 1D: 2.00%
• 1M: -18.07%
• YTD: -1.93%
• 6M: 13.09%
• 1Y: 18.24%
• 3Y*: 6.82%
• 5Y*: 11.30%
• 10Y*: 7.03%

^GSPC

• 1D: 0.00%
• 1M: -4.90%
• YTD: -3.94%
• 6M: -1.99%
• 1Y: 16.77%
• 3Y*: 16.64%
• 5Y*: 10.37%
• 10Y*: 12.28%

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

Return for Risk

0386.HK vs. ^GSPC — Risk / Return Rank

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

0386.HK

0386.HK Risk / Return Rank: 61
0386.HK Sharpe Ratio Rank: 67
0386.HK Sortino Ratio Rank: 57
0386.HK Omega Ratio Rank: 59
0386.HK Calmar Ratio Rank: 59
0386.HK Martin Ratio Rank: 62

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

0386.HK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Petroleum & Chemical Corp Class H (0386.HK) and S&P 500 Index (^GSPC). 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.

	0386.HK	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.92	-0.16
Sortino ratio Return per unit of downside risk	1.12	1.41	-0.29
Omega ratio Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio Return relative to maximum drawdown	0.81	1.40	-0.60
Martin ratio Return relative to average drawdown	2.31	6.64	-4.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0386.HK vs. ^GSPC - Sharpe Ratio Comparison

The current 0386.HK Sharpe Ratio is 0.76, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of 0386.HK and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	0386.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.92	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.62	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.68	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.41	-0.14

Correlation

The correlation between 0386.HK and ^GSPC is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

0386.HK vs. ^GSPC - Drawdown Comparison

The maximum 0386.HK drawdown since its inception was -71.92%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 0386.HK and ^GSPC.

Drawdown Indicators

	0386.HK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-71.92%	-56.78%	-15.14%
Max Drawdown (1Y) Largest decline over 1 year	-20.85%	-12.14%	-8.71%
Max Drawdown (5Y) Largest decline over 5 years	-30.76%	-25.43%	-5.33%
Max Drawdown (10Y) Largest decline over 10 years	-55.68%	-33.92%	-21.76%
Current Drawdown Current decline from peak	-19.08%	-5.78%	-13.30%
Average Drawdown Average peak-to-trough decline	-28.70%	-10.75%	-17.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.29%	2.60%	+4.69%

Volatility

0386.HK vs. ^GSPC - Volatility Comparison

China Petroleum & Chemical Corp Class H (0386.HK) has a higher volatility of 8.21% compared to S&P 500 Index (^GSPC) at 5.29%. This indicates that 0386.HK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0386.HK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	5.29%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	18.39%	9.51%	+8.88%
Volatility (1Y) Calculated over the trailing 1-year period	24.64%	18.31%	+6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	16.89%	+9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.60%	18.01%	+8.59%