0688.HK vs. VXZ
0688.HK (China Overseas) and VXZ (iPath Series B S&P 500® VIX Mid-Term Futures ETN) are both stocks. Over the past 5 years, 0688.HK returned 2.48%/yr vs -12.54%/yr for VXZ. At a correlation of -0.07, they often move in opposite directions.
Performance
0688.HK vs. VXZ - Performance Comparison
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Different Trading Currencies
0688.HK is traded in HKD, while VXZ is traded in USD. To make them comparable, the VXZ values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0688.HK achieves a 31.10% return, which is significantly higher than VXZ's 2.14% return.
0688.HK
- 1D
- -0.86%
- 1M
- 7.28%
- YTD
- 31.10%
- 6M
- 21.85%
- 1Y
- 26.23%
- 3Y*
- 3.34%
- 5Y*
- 2.48%
- 10Y*
- 0.25%
VXZ
- 1D
- 0.79%
- 1M
- -1.97%
- YTD
- 2.14%
- 6M
- -0.90%
- 1Y
- -9.25%
- 3Y*
- -11.21%
- 5Y*
- -12.54%
- 10Y*
- —
0688.HK vs. VXZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
0688.HK China Overseas | 31.10% | 2.65% | -4.38% | -30.14% | 17.35% | 16.91% | -41.85% | 16.90% | -1.45% |
VXZ iPath Series B S&P 500® VIX Mid-Term Futures ETN | 2.14% | 5.93% | -13.10% | -43.99% | 0.64% | -15.93% | 71.99% | -20.52% | 32.12% |
Correlation
The correlation between 0688.HK and VXZ is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | -0.07 |
The correlation between 0688.HK and VXZ shifts across timeframes, from -0.07 (all time) to 0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0688.HK vs. VXZ — Risk / Return Rank
0688.HK
VXZ
0688.HK vs. VXZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for China Overseas (0688.HK) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). 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.
| 0688.HK | VXZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.93 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.61 | +1.94 |
| Martin ratioReturn relative to average drawdown | 3.16 | -1.03 | +4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 0688.HK | VXZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.49 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.43 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.08 | +0.32 |
Drawdowns
0688.HK vs. VXZ - Drawdown Comparison
The maximum 0688.HK drawdown since its inception was -89.93%, which is greater than VXZ's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for 0688.HK and VXZ.
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Drawdown Indicators
| 0688.HK | VXZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -68.93% | -21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -21.89% | -15.24% | -6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -42.81% | -39.36% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -58.27% | -62.38% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -58.76% | — | — |
Current DrawdownCurrent decline from peak | -29.10% | -64.48% | +35.38% |
Average DrawdownAverage peak-to-trough decline | -35.45% | -36.68% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 9.01% | +0.11% |
Volatility
0688.HK vs. VXZ - Volatility Comparison
China Overseas (0688.HK) has a higher volatility of 10.94% compared to iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) at 3.66%. This indicates that 0688.HK's price experiences larger fluctuations and is considered to be riskier than VXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0688.HK | VXZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.94% | 3.66% | +7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 22.86% | 13.61% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 19.16% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.71% | 29.14% | +11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.44% | 34.11% | +1.33% |
Dividends
0688.HK vs. VXZ - Dividend Comparison
0688.HK's dividend yield for the trailing twelve months is around 3.42%, while VXZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0688.HK China Overseas | 3.42% | 4.49% | 6.05% | 5.45% | 5.63% | 6.39% | 6.05% | 3.13% | 3.16% | 3.06% | 3.70% | 3.50% |
VXZ iPath Series B S&P 500® VIX Mid-Term Futures ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
0688.HK vs. VXZ - Financials Comparison
This section allows you to compare key financial metrics between China Overseas and iPath Series B S&P 500® VIX Mid-Term Futures ETN. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
0688.HK and VXZ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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