0863.HK vs. 6060.HK

Last updated Jun 5, 2026

0863.HK (OSL GROUP) and 6060.HK (ZhongAn Online P & C Insurance Co Ltd) are both stocks. 0863.HK operates in Software - Application (Technology), while 6060.HK operates in Insurance - Property & Casualty (Financial Services). Over the past 5 years, 0863.HK returned -11.16%/yr vs -23.44%/yr for 6060.HK. At a 0.22 correlation, their price movements are largely independent.

Performance

0863.HK vs. 6060.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in OSL GROUP (0863.HK) and ZhongAn Online P & C Insurance Co Ltd (6060.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with 0863.HK having a -37.06% return and 6060.HK slightly higher at -35.67%.

0863.HK

• 1D: -5.31%
• 1M: -16.86%
• YTD: -37.06%
• 6M: -43.83%
• 1Y: -14.40%
• 3Y*: 60.87%
• 5Y*: -11.16%
• 10Y*: 14.64%

6060.HK

• 1D: -3.00%
• 1M: -11.08%
• YTD: -35.67%
• 6M: -31.23%
• 1Y: -46.09%
• 3Y*: -22.58%
• 5Y*: -23.44%
• 10Y*: —

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

0863.HK vs. 6060.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0863.HK OSL GROUP	-37.06%	112.50%	-34.21%	289.74%	-65.33%	-49.94%	124.75%	2.70%	182.25%	20.00%
6060.HK ZhongAn Online P & C Insurance Co Ltd	-35.67%	37.05%	-34.19%	-17.02%	-20.66%	-25.14%	28.83%	12.18%	-63.85%	6.29%

Correlation

The correlation between 0863.HK and 6060.HK is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 29, 2017	0.22

Over the past year, 0863.HK and 6060.HK have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

0863.HK vs. 6060.HK — Risk / Return Rank

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

0863.HK

0863.HK Risk / Return Rank: 30
0863.HK Sharpe Ratio Rank: 30
0863.HK Sortino Ratio Rank: 31
0863.HK Omega Ratio Rank: 31
0863.HK Calmar Ratio Rank: 30
0863.HK Martin Ratio Rank: 27

6060.HK

6060.HK Risk / Return Rank: 5
6060.HK Sharpe Ratio Rank: 3
6060.HK Sortino Ratio Rank: 4
6060.HK Omega Ratio Rank: 6
6060.HK Calmar Ratio Rank: 7
6060.HK Martin Ratio Rank: 3

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.

0863.HK vs. 6060.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OSL GROUP (0863.HK) and ZhongAn Online P & C Insurance Co Ltd (6060.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.

	0863.HK	6060.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	-1.08	+0.81
Sortino ratio: Return per unit of downside risk	0.01	-1.77	+1.78
Omega ratio: Gain probability vs. loss probability	1.00	0.81	+0.19
Calmar ratio: Return relative to maximum drawdown	-0.36	-0.89	+0.53
Martin ratio: Return relative to average drawdown	-0.78	-1.64	+0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0863.HK vs. 6060.HK - Sharpe Ratio Comparison

The current 0863.HK Sharpe Ratio is -0.27, which is higher than the 6060.HK Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of 0863.HK and 6060.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

	0863.HK	6060.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	-1.08	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.41	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.33	+0.51

Drawdowns

0863.HK vs. 6060.HK - Drawdown Comparison

The maximum 0863.HK drawdown since its inception was -92.65%, roughly equal to the maximum 6060.HK drawdown of -89.95%. Use the drawdown chart below to compare losses from any high point for 0863.HK and 6060.HK.

Drawdown Indicators

	0863.HK	6060.HK	Difference
Max Drawdown Largest peak-to-trough decline	-92.65%	-89.95%	-2.70%
Max Drawdown (1Y) Largest decline over 1 year	-46.42%	-52.74%	+6.32%
Max Drawdown (3Y) Largest decline over 3 years	-64.90%	-62.95%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-92.65%	-81.10%	-11.55%
Max Drawdown (10Y) Largest decline over 10 years	-92.65%	—	—
Current Drawdown Current decline from peak	-50.23%	-88.95%	+38.72%
Average Drawdown Average peak-to-trough decline	-47.61%	-69.56%	+21.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.95%	28.35%	-7.40%

Volatility

0863.HK vs. 6060.HK - Volatility Comparison

OSL GROUP (0863.HK) has a higher volatility of 13.88% compared to ZhongAn Online P & C Insurance Co Ltd (6060.HK) at 9.65%. This indicates that 0863.HK's price experiences larger fluctuations and is considered to be riskier than 6060.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0863.HK	6060.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.88%	9.65%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	42.81%	25.11%	+17.70%
Volatility (1Y) Calculated over the trailing 1-year period	61.16%	43.42%	+17.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.13%	58.94%	+44.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.10%	58.96%	+35.14%

Dividends

0863.HK vs. 6060.HK - Dividend Comparison

Neither 0863.HK nor 6060.HK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both 0863.HK and 6060.HK in my portfolio?

0863.HK and 6060.HK have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.