0570.HK vs. 2331.HK

Last updated Jun 5, 2026

0570.HK (China Traditional Chinese Medicine Co Ltd) and 2331.HK (Li Ning Co Ltd) are both stocks. 0570.HK operates in Drug Manufacturers - Specialty & Generic (Healthcare), while 2331.HK operates in Leisure (Consumer Cyclical). Over the past 10 years, 0570.HK returned -6.32%/yr vs 20.41%/yr for 2331.HK. At a 0.21 correlation, their price movements are largely independent.

Performance

0570.HK vs. 2331.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Traditional Chinese Medicine Co Ltd (0570.HK) and Li Ning Co Ltd (2331.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0570.HK achieves a -25.84% return, which is significantly lower than 2331.HK's -4.28% return. Over the past 10 years, 0570.HK has underperformed 2331.HK with an annualized return of -6.32%, while 2331.HK has yielded a comparatively higher 20.41% annualized return.

0570.HK

• 1D: -1.90%
• 1M: -7.74%
• YTD: -25.84%
• 6M: -32.90%
• 1Y: -29.44%
• 3Y*: -25.99%
• 5Y*: -19.78%
• 10Y*: -6.32%

2331.HK

• 1D: -0.67%
• 1M: -8.17%
• YTD: -4.28%
• 6M: 5.80%
• 1Y: 20.94%
• 3Y*: -25.09%
• 5Y*: -23.06%
• 10Y*: 20.41%

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

0570.HK vs. 2331.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0570.HK China Traditional Chinese Medicine Co Ltd	-25.84%	-9.38%	-41.22%	12.23%	-30.27%	37.10%	3.47%	-15.03%	11.53%	18.05%
2331.HK Li Ning Co Ltd	-4.28%	17.45%	-18.00%	-68.50%	-19.94%	60.80%	129.63%	179.92%	32.70%	29.98%

Correlation

The correlation between 0570.HK and 2331.HK is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 29, 2004	0.21

The correlation between 0570.HK and 2331.HK shifts across timeframes, from 0.21 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

0570.HK vs. 2331.HK — Risk / Return Rank

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

0570.HK

0570.HK Risk / Return Rank: 5
0570.HK Sharpe Ratio Rank: 3
0570.HK Sortino Ratio Rank: 3
0570.HK Omega Ratio Rank: 5
0570.HK Calmar Ratio Rank: 12
0570.HK Martin Ratio Rank: 3

2331.HK

2331.HK Risk / Return Rank: 60
2331.HK Sharpe Ratio Rank: 62
2331.HK Sortino Ratio Rank: 59
2331.HK Omega Ratio Rank: 55
2331.HK Calmar Ratio Rank: 61
2331.HK Martin Ratio Rank: 62

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.

0570.HK vs. 2331.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Traditional Chinese Medicine Co Ltd (0570.HK) and Li Ning Co Ltd (2331.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.

	0570.HK	2331.HK	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	0.65	-1.74
Sortino ratio: Return per unit of downside risk	-1.84	1.20	-3.03
Omega ratio: Gain probability vs. loss probability	0.80	1.13	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.77	0.97	-1.74
Martin ratio: Return relative to average drawdown	-1.66	2.23	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0570.HK vs. 2331.HK - Sharpe Ratio Comparison

The current 0570.HK Sharpe Ratio is -1.10, which is lower than the 2331.HK Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of 0570.HK and 2331.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.

Sharpe Ratios by Period

	0570.HK	2331.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.10	0.65	-1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	-0.46	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.44	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.23	-0.21

Drawdowns

0570.HK vs. 2331.HK - Drawdown Comparison

The maximum 0570.HK drawdown since its inception was -92.08%, roughly equal to the maximum 2331.HK drawdown of -89.67%. Use the drawdown chart below to compare losses from any high point for 0570.HK and 2331.HK.

Drawdown Indicators

	0570.HK	2331.HK	Difference
Max Drawdown Largest peak-to-trough decline	-92.08%	-89.67%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-40.93%	-22.70%	-18.23%
Max Drawdown (3Y) Largest decline over 3 years	-65.41%	-72.99%	+7.58%
Max Drawdown (5Y) Largest decline over 5 years	-74.68%	-87.34%	+12.66%
Max Drawdown (10Y) Largest decline over 10 years	-77.03%	-87.34%	+10.31%
Current Drawdown Current decline from peak	-76.73%	-81.58%	+4.85%
Average Drawdown Average peak-to-trough decline	-56.69%	-49.56%	-7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.87%	9.74%	+9.13%

Volatility

0570.HK vs. 2331.HK - Volatility Comparison

The current volatility for China Traditional Chinese Medicine Co Ltd (0570.HK) is 5.73%, while Li Ning Co Ltd (2331.HK) has a volatility of 7.54%. This indicates that 0570.HK experiences smaller price fluctuations and is considered to be less risky than 2331.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0570.HK	2331.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	7.54%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	25.46%	-10.09%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	34.08%	-5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.43%	51.88%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.41%	48.16%	-6.75%

Dividends

0570.HK vs. 2331.HK - Dividend Comparison

0570.HK's dividend yield for the trailing twelve months is around 0.23%, less than 2331.HK's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
0570.HK China Traditional Chinese Medicine Co Ltd	0.23%	0.17%	0.00%	1.32%	2.07%	1.29%	1.24%	2.99%	2.41%	2.00%	1.79%
2331.HK Li Ning Co Ltd	3.33%	3.18%	3.74%	4.32%	0.79%	0.29%	0.32%	0.43%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 0570.HK and 2331.HK in my portfolio?

0570.HK and 2331.HK have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.