0386.HK vs. ^GSPC
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 5.25%/yr vs 13.21%/yr for ^GSPC. At a 0.12 correlation, their price movements are largely independent.
Performance
0386.HK vs. ^GSPC - Performance Comparison
Loading charts...
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 -5.29% return, which is significantly lower than ^GSPC's 9.54% return. Over the past 10 years, 0386.HK has underperformed ^GSPC with an annualized return of 5.25%, while ^GSPC has yielded a comparatively higher 13.21% annualized return.
0386.HK
- 1D
- 0.70%
- 1M
- 3.62%
- 6M
- -10.65%
- YTD
- -5.29%
- 1Y
- 4.26%
- 3Y*
- 4.38%
- 5Y*
- 13.29%
- 10Y*
- 5.25%
- ALL TIME*
- 8.46%
^GSPC
- 1D
- -0.18%
- 1M
- -0.72%
- 6M
- 7.84%
- YTD
- 9.54%
- 1Y
- 18.11%
- 3Y*
- 18.06%
- 5Y*
- 11.49%
- 10Y*
- 13.21%
- ALL TIME*
- 9.15%
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 | -5.29% | 11.35% | 17.14% | 17.25% | 19.85% | 13.41% | -19.46% | -8.73% | 6.53% | 9.78% |
^GSPC S&P 500 Index | 9.54% | 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 -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
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 Aug 29, 2007 | 0.12 |
The correlation between 0386.HK and ^GSPC shifts across timeframes, from -0.03 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
0386.HK vs. ^GSPC — Risk / Return Rank
0386.HK
^GSPC
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.
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.
| 0386.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.07 | -1.91 |
| Martin ratioReturn relative to average drawdown | 0.32 | 8.96 | -8.64 |
Loading charts...
Drawdowns
0386.HK vs. ^GSPC - Drawdown Comparison
The maximum 0386.HK drawdown since its inception was -71.01%, 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.
Loading charts...
Drawdown Indicators
| 0386.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.01% | -56.80% | -14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -27.14% | -8.77% | -18.37% |
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 | -55.60% | -34.06% | -21.54% |
Current DrawdownCurrent decline from peak | -21.86% | -2.14% | -19.72% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -9.26% | -16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 2.03% | +11.57% |
Volatility
0386.HK vs. ^GSPC - Volatility Comparison
China Petroleum & Chemical Corp Class H (0386.HK) has a higher volatility of 5.89% compared to S&P 500 Index (^GSPC) at 3.14%. 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.
Loading charts...
Volatility by Period
| 0386.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 3.14% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 10.04% | +8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 12.61% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 16.97% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 18.03% | +8.36% |
Frequently Asked Questions
0386.HK and ^GSPC have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 0386.HK and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer