0506.HK vs. 0902.HK

Last updated Aug 1, 2026

0506.HK (China Foods Ltd) and 0902.HK (Huaneng Power International) are both stocks. 0506.HK operates in Beverages - Non-Alcoholic (Consumer Defensive), while 0902.HK operates in Utilities - Independent Power Producers (Utilities). Over the past 10 years, 0506.HK returned 7.25%/yr vs 6.31%/yr for 0902.HK. Their 0.21 correlation means their historical movements had little consistent relationship.

Performance

0506.HK vs. 0902.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Foods Ltd (0506.HK) and Huaneng Power International (0902.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0506.HK achieves a -16.22% return, which is significantly lower than 0902.HK's 13.15% return. Over the past 10 years, 0506.HK has outperformed 0902.HK with an annualized return of 7.25%, while 0902.HK has yielded a comparatively lower 6.31% annualized return.

0506.HK

• 1D: -1.71%
• 1M: 11.65%
• 6M: -16.03%
• YTD: -16.22%
• 1Y: 10.85%
• 3Y*: 10.76%
• 5Y*: 12.17%
• 10Y*: 7.25%
• ALL TIME*: 1.22%

0902.HK

• 1D: -1.31%
• 1M: 10.04%
• 6M: 13.75%
• YTD: 13.15%
• 1Y: 21.64%
• 3Y*: 17.57%
• 5Y*: 22.05%
• 10Y*: 6.31%
• ALL TIME*: 4.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
0506.HK China Foods Ltd	HK$10.35M	HK$10.40M	HK$11.93M
0902.HK Huaneng Power International	HK$143.18M	HK$143.02M	HK$257.96M

0506.HK vs. 0902.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0506.HK China Foods Ltd	-16.22%	83.36%	-10.34%	10.66%	-3.74%	24.27%	-14.13%	6.62%	-37.06%	72.46%
0902.HK Huaneng Power International	13.15%	42.09%	7.43%	12.20%	-29.17%	98.47%	-24.25%	-18.89%	3.98%	0.40%

Correlation

The correlation between 0506.HK and 0902.HK is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (10Y) Provides a long-term view across more market conditions.	0.19
Correlation (All Time) Calculated using the full available price history since Apr 25, 2006	0.21

Return for Risk

0506.HK vs. 0902.HK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

0506.HK

0506.HK Risk / Return Rank: 54
0506.HK Sharpe Ratio Rank: 57
0506.HK Sortino Ratio Rank: 56
0506.HK Omega Ratio Rank: 52
0506.HK Calmar Ratio Rank: 53
0506.HK Martin Ratio Rank: 52

0902.HK

0902.HK Risk / Return Rank: 66
0902.HK Sharpe Ratio Rank: 69
0902.HK Sortino Ratio Rank: 64
0902.HK Omega Ratio Rank: 64
0902.HK Calmar Ratio Rank: 65
0902.HK Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

0506.HK vs. 0902.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Foods Ltd (0506.HK) and Huaneng Power International (0902.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.

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.

	0506.HK	0902.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.31	0.75	-0.44
Sortino ratio: Return per unit of downside risk	0.87	1.24	-0.37
Omega ratio: Gain probability vs. loss probability	1.09	1.16	-0.06
Calmar ratio: Return relative to maximum drawdown	0.32	0.94	-0.62
Martin ratio: Return relative to average drawdown	0.55	2.28	-1.72

0506.HK vs. 0902.HK - Sharpe Ratio Comparison

The current 0506.HK Sharpe Ratio is 0.31, which is lower than the 0902.HK Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of 0506.HK and 0902.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.

Drawdowns

0506.HK vs. 0902.HK - Drawdown Comparison

The maximum 0506.HK drawdown since its inception was -83.70%, which is greater than 0902.HK's maximum drawdown of -75.86%. Use the drawdown chart below to compare losses from any high point for 0506.HK and 0902.HK.

Drawdown Indicators

	0506.HK	0902.HK	Difference
Max Drawdown Largest peak-to-trough decline	-83.70%	-75.86%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-34.61%	-23.62%	-10.99%
Max Drawdown (3Y) Largest decline over 3 years	-34.61%	-31.08%	-3.53%
Max Drawdown (5Y) Largest decline over 5 years	-41.42%	-51.75%	+10.33%
Max Drawdown (10Y) Largest decline over 10 years	-52.53%	-62.36%	+9.83%
Current Drawdown Current decline from peak	-33.87%	-14.24%	-19.63%
Average Drawdown Average peak-to-trough decline	-49.50%	-40.13%	-9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.02%	9.65%	+10.37%

Volatility

0506.HK vs. 0902.HK - Volatility Comparison

China Foods Ltd (0506.HK) and Huaneng Power International (0902.HK) have volatilities of 9.14% and 9.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0506.HK	0902.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.14%	9.56%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	19.42%	23.84%	-4.42%
Volatility (1Y) Calculated over the trailing 1-year period	36.06%	29.58%	+6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.31%	43.99%	-12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.21%	37.33%	-3.12%

Dividends

0506.HK vs. 0902.HK - Dividend Comparison

0506.HK's dividend yield for the trailing twelve months is around 5.13%, less than 0902.HK's 7.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0506.HK China Foods Ltd	5.13%	3.82%	6.36%	4.52%	4.46%	3.48%	1.89%	1.30%	0.84%	22.80%	0.67%	0.00%
0902.HK Huaneng Power International	7.54%	5.10%	5.15%	0.00%	0.00%	4.13%	5.33%	2.97%	2.40%	5.92%	9.14%	7.16%

Financials

Frequently Asked Questions

Can I hold both 0506.HK and 0902.HK in my portfolio?

0506.HK and 0902.HK have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.