0700.HK vs. 0883.HK

Last updated Jun 13, 2026

0700.HK (Tencent Holdings Ltd) and 0883.HK (CNOOC Ltd) are both stocks. 0700.HK operates in Internet Content & Information (Communication Services), while 0883.HK operates in Oil & Gas E&P (Energy). Over the past 10 years, 0700.HK returned 12.18%/yr vs 18.72%/yr for 0883.HK. At a 0.37 correlation, their price movements are largely independent.

Performance

0700.HK vs. 0883.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Tencent Holdings Ltd (0700.HK) and CNOOC Ltd (0883.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0700.HK achieves a -21.70% return, which is significantly lower than 0883.HK's 19.57% return. Over the past 10 years, 0700.HK has underperformed 0883.HK with an annualized return of 12.18%, while 0883.HK has yielded a comparatively higher 18.72% annualized return.

0700.HK

• 1D: 1.40%
• 1M: 1.38%
• YTD: -21.70%
• 6M: -23.86%
• 1Y: -8.04%
• 3Y*: 11.44%
• 5Y*: -2.55%
• 10Y*: 12.18%

0883.HK

• 1D: 0.81%
• 1M: -4.33%
• YTD: 19.57%
• 6M: 21.97%
• 1Y: 44.24%
• 3Y*: 39.61%
• 5Y*: 34.47%
• 10Y*: 18.72%

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

0700.HK vs. 0883.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0700.HK Tencent Holdings Ltd	-21.70%	44.90%	43.26%	-6.79%	-24.29%	-18.77%	50.62%	19.98%	-22.47%	114.55%
0883.HK CNOOC Ltd	19.57%	19.77%	57.91%	44.90%	46.98%	19.64%	-40.48%	13.63%	12.79%	21.28%

Correlation

The correlation between 0700.HK and 0883.HK is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 30, 2006	0.37

Over the past year, the correlation between 0700.HK and 0883.HK has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

0700.HK vs. 0883.HK — Risk / Return Rank

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

0700.HK

0700.HK Risk / Return Rank: 31
0700.HK Sharpe Ratio Rank: 31
0700.HK Sortino Ratio Rank: 27
0700.HK Omega Ratio Rank: 27
0700.HK Calmar Ratio Rank: 36
0700.HK Martin Ratio Rank: 34

0883.HK

0883.HK Risk / Return Rank: 82
0883.HK Sharpe Ratio Rank: 85
0883.HK Sortino Ratio Rank: 81
0883.HK Omega Ratio Rank: 79
0883.HK Calmar Ratio Rank: 82
0883.HK Martin Ratio Rank: 83

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.

0700.HK vs. 0883.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and CNOOC Ltd (0883.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.

	0700.HK	0883.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.60	-1.88
Sortino ratio: Return per unit of downside risk	-0.22	2.26	-2.48
Omega ratio: Gain probability vs. loss probability	0.98	1.27	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.23	2.65	-2.88
Martin ratio: Return relative to average drawdown	-0.49	7.00	-7.49

0700.HK vs. 0883.HK - Sharpe Ratio Comparison

The current 0700.HK Sharpe Ratio is -0.28, which is lower than the 0883.HK Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of 0700.HK and 0883.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

0700.HK vs. 0883.HK - Drawdown Comparison

The maximum 0700.HK drawdown since its inception was -72.79%, roughly equal to the maximum 0883.HK drawdown of -74.17%. Use the drawdown chart below to compare losses from any high point for 0700.HK and 0883.HK.

Drawdown Indicators

	0700.HK	0883.HK	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-74.17%	+1.38%
Max Drawdown (1Y) Largest decline over 1 year	-36.54%	-17.17%	-19.37%
Max Drawdown (3Y) Largest decline over 3 years	-36.54%	-30.80%	-5.74%
Max Drawdown (5Y) Largest decline over 5 years	-65.52%	-30.80%	-34.72%
Max Drawdown (10Y) Largest decline over 10 years	-72.79%	-56.59%	-16.20%
Current Drawdown Current decline from peak	-31.45%	-16.50%	-14.95%
Average Drawdown Average peak-to-trough decline	-18.72%	-24.10%	+5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.56%	6.43%	+10.13%

Volatility

0700.HK vs. 0883.HK - Volatility Comparison

Tencent Holdings Ltd (0700.HK) has a higher volatility of 13.13% compared to CNOOC Ltd (0883.HK) at 8.11%. This indicates that 0700.HK's price experiences larger fluctuations and is considered to be riskier than 0883.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0700.HK	0883.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.13%	8.11%	+5.02%
Volatility (6M) Calculated over the trailing 6-month period	23.71%	24.22%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	28.40%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.19%	29.79%	+9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.55%	31.86%	+3.69%

Dividends

0700.HK vs. 0883.HK - Dividend Comparison

0700.HK's dividend yield for the trailing twelve months is around 1.14%, less than 0883.HK's 5.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0700.HK Tencent Holdings Ltd	1.14%	0.75%	0.82%	0.82%	0.50%	0.38%	0.23%	0.29%	0.31%	0.16%	0.27%	0.26%
0883.HK CNOOC Ltd	5.14%	6.53%	7.32%	10.31%	18.84%	6.85%	9.05%	5.63%	4.96%	3.83%	3.81%	7.06%

Financials

Frequently Asked Questions

Can I hold both 0700.HK and 0883.HK in my portfolio?

0700.HK and 0883.HK have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.