0700.HK vs. 9888.HK

Last updated Jun 13, 2026

0700.HK (Tencent Holdings Ltd) and 9888.HK (Baidu Inc) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 5 years, 0700.HK returned -2.55%/yr vs -8.79%/yr for 9888.HK. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

0700.HK vs. 9888.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Tencent Holdings Ltd (0700.HK) and Baidu Inc (9888.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 9888.HK's -12.09% 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%

9888.HK

• 1D: 2.21%
• 1M: -15.93%
• YTD: -12.09%
• 6M: -8.25%
• 1Y: 34.73%
• 3Y*: -5.76%
• 5Y*: -8.79%
• 10Y*: —

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

0700.HK vs. 9888.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
0700.HK Tencent Holdings Ltd	-21.70%	44.90%	43.26%	-6.79%	-24.29%	-27.68%
9888.HK Baidu Inc	-12.09%	59.01%	-28.77%	3.94%	-22.97%	-42.91%

Correlation

The correlation between 0700.HK and 9888.HK is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021	0.67

The correlation between 0700.HK and 9888.HK has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Return for Risk

0700.HK vs. 9888.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

9888.HK

9888.HK Risk / Return Rank: 65
9888.HK Sharpe Ratio Rank: 67
9888.HK Sortino Ratio Rank: 66
9888.HK Omega Ratio Rank: 62
9888.HK Calmar Ratio Rank: 64
9888.HK Martin Ratio Rank: 64

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. 9888.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and Baidu Inc (9888.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	9888.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	0.75	-1.03
Sortino ratio: Return per unit of downside risk	-0.22	1.43	-1.65
Omega ratio: Gain probability vs. loss probability	0.98	1.16	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.23	1.04	-1.27
Martin ratio: Return relative to average drawdown	-0.49	2.27	-2.76

0700.HK vs. 9888.HK - Sharpe Ratio Comparison

The current 0700.HK Sharpe Ratio is -0.28, which is lower than the 9888.HK Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of 0700.HK and 9888.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. 9888.HK - Drawdown Comparison

The maximum 0700.HK drawdown since its inception was -72.79%, roughly equal to the maximum 9888.HK drawdown of -70.43%. Use the drawdown chart below to compare losses from any high point for 0700.HK and 9888.HK.

Drawdown Indicators

	0700.HK	9888.HK	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-70.43%	-2.36%
Max Drawdown (1Y) Largest decline over 1 year	-36.54%	-34.21%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-36.54%	-50.62%	+14.08%
Max Drawdown (5Y) Largest decline over 5 years	-65.52%	-62.34%	-3.18%
Max Drawdown (10Y) Largest decline over 10 years	-72.79%	—	—
Current Drawdown Current decline from peak	-31.45%	-54.49%	+23.04%
Average Drawdown Average peak-to-trough decline	-18.72%	-51.81%	+33.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.56%	15.57%	+0.99%

Volatility

0700.HK vs. 9888.HK - Volatility Comparison

Tencent Holdings Ltd (0700.HK) and Baidu Inc (9888.HK) have volatilities of 13.13% and 13.73%, 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

	0700.HK	9888.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.13%	13.73%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	23.71%	32.83%	-9.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	47.34%	-17.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.19%	52.22%	-13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.55%	51.83%	-16.28%

Dividends

0700.HK vs. 9888.HK - Dividend Comparison

0700.HK's dividend yield for the trailing twelve months is around 1.14%, while 9888.HK has not paid dividends to shareholders.

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%
9888.HK Baidu Inc	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

Frequently Asked Questions

Can I hold both 0700.HK and 9888.HK in my portfolio?

0700.HK and 9888.HK have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.