0386.HK vs. ^GSPC

Last updated Jun 5, 2026

0386.HK (China Petroleum & Chemical Corp Class H) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 0386.HK returned 5.71%/yr vs 13.43%/yr for ^GSPC. At a 0.12 correlation, their price movements are largely independent.

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.

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 -6.85% return, which is significantly lower than ^GSPC's 8.56% return. Over the past 10 years, 0386.HK has underperformed ^GSPC with an annualized return of 5.71%, while ^GSPC has yielded a comparatively higher 13.43% annualized return.

0386.HK

• 1D: -0.46%
• 1M: -7.64%
• YTD: -6.85%
• 6M: -3.97%
• 1Y: 7.59%
• 3Y*: 2.49%
• 5Y*: 9.59%
• 10Y*: 5.71%

^GSPC

• 1D: -2.65%
• 1M: 0.23%
• YTD: 8.56%
• 6M: 8.16%
• 1Y: 24.13%
• 3Y*: 19.85%
• 5Y*: 12.01%
• 10Y*: 13.43%

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

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	-6.85%	11.10%	17.42%	17.25%	19.85%	14.17%	-19.50%	-8.90%	6.53%	9.85%
^GSPC S&P 500 Index	8.56%	16.61%	22.67%	24.22%	-19.31%	27.58%	15.74%	28.20%	-6.03%	20.34%

Correlation

The correlation between 0386.HK and ^GSPC is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 9, 2007	0.12

The correlation between 0386.HK and ^GSPC shifts across timeframes, from -0.05 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

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: 49
0386.HK Sharpe Ratio Rank: 54
0386.HK Sortino Ratio Rank: 46
0386.HK Omega Ratio Rank: 45
0386.HK Calmar Ratio Rank: 50
0386.HK Martin Ratio Rank: 50

^GSPC

^GSPC Risk / Return Rank: 72
^GSPC Sharpe Ratio Rank: 70
^GSPC Sortino Ratio Rank: 70
^GSPC Omega Ratio Rank: 73
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

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	0.34	1.99	-1.65
Sortino ratio: Return per unit of downside risk	0.63	2.70	-2.07
Omega ratio: Gain probability vs. loss probability	1.08	1.36	-0.28
Calmar ratio: Return relative to maximum drawdown	0.34	2.76	-2.42
Martin ratio: Return relative to average drawdown	0.75	12.76	-12.02
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 0.34, which is lower than the ^GSPC Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of 0386.HK and ^GSPC, 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

	0386.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	1.99	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.71	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.75	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.44	-0.18

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%	-56.80%	-15.12%
Max Drawdown (1Y) Largest decline over 1 year	-23.67%	-8.77%	-14.90%
Max Drawdown (3Y) Largest decline over 3 years	-30.76%	-18.97%	-11.79%
Max Drawdown (5Y) Largest decline over 5 years	-30.76%	-24.92%	-5.84%
Max Drawdown (10Y) Largest decline over 10 years	-55.68%	-34.06%	-21.62%
Current Drawdown Current decline from peak	-23.14%	-3.01%	-20.13%
Average Drawdown Average peak-to-trough decline	-28.64%	-9.28%	-19.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.67%	1.90%	+8.77%

Volatility

0386.HK vs. ^GSPC - Volatility Comparison

China Petroleum & Chemical Corp Class H (0386.HK) has a higher volatility of 4.44% compared to S&P 500 Index (^GSPC) at 3.83%. 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	4.44%	3.83%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	18.57%	9.41%	+9.16%
Volatility (1Y) Calculated over the trailing 1-year period	23.73%	12.19%	+11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.63%	16.92%	+8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.50%	18.05%	+8.45%

Frequently Asked Questions

Can I hold both 0386.HK and ^GSPC in my portfolio?

0386.HK and ^GSPC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.