0855.HK vs. ALK-B.CO

Last updated Jul 21, 2026

0855.HK (China Water Affairs Group Ltd) and ALK-B.CO (ALK-Abelló A/S) are both stocks. 0855.HK operates in Utilities - Regulated Water (Utilities), while ALK-B.CO operates in Biotechnology (Healthcare). Over the past 10 years, 0855.HK returned 4.29%/yr vs 16.99%/yr for ALK-B.CO. At a 0.08 correlation, their price movements are largely independent.

Performance

0855.HK vs. ALK-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Water Affairs Group Ltd (0855.HK) and ALK-Abelló A/S (ALK-B.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0855.HK is traded in HKD, while ALK-B.CO is traded in DKK. To make them comparable, the ALK-B.CO values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0855.HK achieves a -8.69% return, which is significantly lower than ALK-B.CO's 2.71% return. Over the past 10 years, 0855.HK has underperformed ALK-B.CO with an annualized return of 4.29%, while ALK-B.CO has yielded a comparatively higher 16.99% annualized return.

0855.HK

• 1D: 0.43%
• 1M: 4.52%
• 6M: -11.91%
• YTD: -8.69%
• 1Y: -23.78%
• 3Y*: -3.77%
• 5Y*: 0.12%
• 10Y*: 4.29%
• ALL TIME*: 8.07%

ALK-B.CO

• 1D: -0.92%
• 1M: -7.11%
• 6M: 7.08%
• YTD: 2.71%
• 1Y: 21.11%
• 3Y*: 49.63%
• 5Y*: 9.02%
• 10Y*: 16.99%
• ALL TIME*: 17.03%

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

0855.HK vs. ALK-B.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0855.HK China Water Affairs Group Ltd	-8.69%	7.38%	27.04%	-29.66%	-40.78%	91.69%	9.18%	-26.88%	22.33%	44.17%
ALK-B.CO ALK-Abelló A/S	2.71%	62.37%	46.94%	8.67%	-47.16%	27.47%	67.89%	65.30%	23.79%	2.99%

Correlation

The correlation between 0855.HK and ALK-B.CO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 23, 2007	0.08

Return for Risk

0855.HK vs. ALK-B.CO — Risk / Return Rank

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

0855.HK

0855.HK Risk / Return Rank: 10
0855.HK Sharpe Ratio Rank: 6
0855.HK Sortino Ratio Rank: 10
0855.HK Omega Ratio Rank: 11
0855.HK Calmar Ratio Rank: 15
0855.HK Martin Ratio Rank: 11

ALK-B.CO

ALK-B.CO Risk / Return Rank: 73
ALK-B.CO Sharpe Ratio Rank: 73
ALK-B.CO Sortino Ratio Rank: 73
ALK-B.CO Omega Ratio Rank: 69
ALK-B.CO Calmar Ratio Rank: 74
ALK-B.CO Martin Ratio Rank: 75

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.

0855.HK vs. ALK-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Water Affairs Group Ltd (0855.HK) and ALK-Abelló A/S (ALK-B.CO). 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.

	0855.HK	ALK-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	0.74	-1.69
Sortino ratio: Return per unit of downside risk	-1.27	1.43	-2.70
Omega ratio: Gain probability vs. loss probability	0.85	1.16	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.76	1.42	-2.18
Martin ratio: Return relative to average drawdown	-1.34	3.58	-4.92

0855.HK vs. ALK-B.CO - Sharpe Ratio Comparison

The current 0855.HK Sharpe Ratio is -0.95, which is lower than the ALK-B.CO Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of 0855.HK and ALK-B.CO, 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

0855.HK vs. ALK-B.CO - Drawdown Comparison

The maximum 0855.HK drawdown since its inception was -88.76%, which is greater than ALK-B.CO's maximum drawdown of -76.14%. Use the drawdown chart below to compare losses from any high point for 0855.HK and ALK-B.CO.

Drawdown Indicators

	0855.HK	ALK-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-88.76%	-76.14%	-12.62%
Max Drawdown (1Y) Largest decline over 1 year	-32.13%	-15.21%	-16.92%
Max Drawdown (3Y) Largest decline over 3 years	-41.93%	-29.57%	-12.36%
Max Drawdown (5Y) Largest decline over 5 years	-64.13%	-60.17%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-64.13%	-60.17%	-3.96%
Current Drawdown Current decline from peak	-49.29%	-12.98%	-36.31%
Average Drawdown Average peak-to-trough decline	-38.41%	-25.59%	-12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.90%	5.98%	+11.92%

Volatility

0855.HK vs. ALK-B.CO - Volatility Comparison

China Water Affairs Group Ltd (0855.HK) has a higher volatility of 9.20% compared to ALK-Abelló A/S (ALK-B.CO) at 4.07%. This indicates that 0855.HK's price experiences larger fluctuations and is considered to be riskier than ALK-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0855.HK	ALK-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	4.07%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	17.91%	20.25%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	25.84%	29.06%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	37.92%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.35%	36.36%	-2.01%

Dividends

0855.HK vs. ALK-B.CO - Dividend Comparison

0855.HK's dividend yield for the trailing twelve months is around 6.06%, more than ALK-B.CO's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0855.HK China Water Affairs Group Ltd	6.06%	5.38%	5.48%	7.93%	2.79%	2.86%	5.12%	5.15%	3.22%	2.55%	1.78%	1.88%
ALK-B.CO ALK-Abelló A/S	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.51%	10.87%	11.42%

Financials

Frequently Asked Questions

Can I hold both 0855.HK and ALK-B.CO in my portfolio?

0855.HK and ALK-B.CO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.