0868.HK vs. 0968.HK

Last updated Jun 5, 2026

0868.HK (Xinyi Glass Holdings Ltd) and 0968.HK (Xinyi Solar Holdings Ltd) are both stocks. 0868.HK operates in Building Materials (Basic Materials), while 0968.HK operates in Solar (Technology). Over the past 10 years, 0868.HK returned 11.91%/yr vs 1.31%/yr for 0968.HK. At a 0.44 correlation, their price movements are largely independent.

Performance

0868.HK vs. 0968.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Xinyi Glass Holdings Ltd (0868.HK) and Xinyi Solar Holdings Ltd (0968.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0868.HK achieves a 21.43% return, which is significantly higher than 0968.HK's -11.86% return. Over the past 10 years, 0868.HK has outperformed 0968.HK with an annualized return of 11.91%, while 0968.HK has yielded a comparatively lower 1.31% annualized return.

0868.HK

• 1D: -0.41%
• 1M: -3.72%
• YTD: 21.43%
• 6M: 13.99%
• 1Y: 30.96%
• 3Y*: -1.26%
• 5Y*: -15.29%
• 10Y*: 11.91%

0968.HK

• 1D: 0.77%
• 1M: -13.03%
• YTD: -11.86%
• 6M: -19.45%
• 1Y: 10.50%
• 3Y*: -29.86%
• 5Y*: -25.79%
• 10Y*: 1.31%

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

0868.HK vs. 0968.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0868.HK Xinyi Glass Holdings Ltd	21.43%	7.79%	-2.41%	-37.29%	-20.30%	-6.10%	119.79%	27.09%	-10.36%	70.09%
0968.HK Xinyi Solar Holdings Ltd	-11.86%	-4.18%	-27.05%	-46.07%	-33.65%	-33.16%	275.49%	105.69%	-3.10%	27.60%

Correlation

The correlation between 0868.HK and 0968.HK is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013	0.44

The correlation between 0868.HK and 0968.HK shifts across timeframes, from 0.44 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

0868.HK vs. 0968.HK — Risk / Return Rank

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

0868.HK

0868.HK Risk / Return Rank: 67
0868.HK Sharpe Ratio Rank: 67
0868.HK Sortino Ratio Rank: 65
0868.HK Omega Ratio Rank: 61
0868.HK Calmar Ratio Rank: 73
0868.HK Martin Ratio Rank: 71

0968.HK

0968.HK Risk / Return Rank: 50
0968.HK Sharpe Ratio Rank: 52
0968.HK Sortino Ratio Rank: 50
0968.HK Omega Ratio Rank: 47
0968.HK Calmar Ratio Rank: 51
0968.HK Martin Ratio Rank: 51

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.

0868.HK vs. 0968.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xinyi Glass Holdings Ltd (0868.HK) and Xinyi Solar Holdings Ltd (0968.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.

	0868.HK	0968.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.83	0.29	+0.54
Sortino ratio: Return per unit of downside risk	1.48	0.78	+0.70
Omega ratio: Gain probability vs. loss probability	1.17	1.09	+0.08
Calmar ratio: Return relative to maximum drawdown	1.80	0.39	+1.41
Martin ratio: Return relative to average drawdown	3.81	0.83	+2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0868.HK vs. 0968.HK - Sharpe Ratio Comparison

The current 0868.HK Sharpe Ratio is 0.83, which is higher than the 0968.HK Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of 0868.HK and 0968.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

	0868.HK	0968.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.29	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.50	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.03	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.20	+0.19

Drawdowns

0868.HK vs. 0968.HK - Drawdown Comparison

The maximum 0868.HK drawdown since its inception was -83.64%, smaller than the maximum 0968.HK drawdown of -88.39%. Use the drawdown chart below to compare losses from any high point for 0868.HK and 0968.HK.

Drawdown Indicators

	0868.HK	0968.HK	Difference
Max Drawdown Largest peak-to-trough decline	-83.64%	-88.39%	+4.75%
Max Drawdown (1Y) Largest decline over 1 year	-18.59%	-35.06%	+16.47%
Max Drawdown (3Y) Largest decline over 3 years	-50.97%	-74.25%	+23.28%
Max Drawdown (5Y) Largest decline over 5 years	-79.09%	-86.73%	+7.64%
Max Drawdown (10Y) Largest decline over 10 years	-79.09%	-88.39%	+9.30%
Current Drawdown Current decline from peak	-62.15%	-86.50%	+24.35%
Average Drawdown Average peak-to-trough decline	-34.01%	-36.80%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	16.30%	-7.64%

Volatility

0868.HK vs. 0968.HK - Volatility Comparison

Xinyi Glass Holdings Ltd (0868.HK) has a higher volatility of 13.41% compared to Xinyi Solar Holdings Ltd (0968.HK) at 11.52%. This indicates that 0868.HK's price experiences larger fluctuations and is considered to be riskier than 0968.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0868.HK	0968.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	11.52%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	30.40%	29.92%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	40.38%	47.02%	-6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.47%	52.85%	-7.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.25%	49.32%	-8.07%

Dividends

0868.HK vs. 0968.HK - Dividend Comparison

0868.HK's dividend yield for the trailing twelve months is around 3.46%, more than 0968.HK's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0868.HK Xinyi Glass Holdings Ltd	3.46%	2.72%	8.62%	5.48%	7.98%	6.56%	2.17%	5.04%	6.12%	4.22%	5.36%	3.49%
0968.HK Xinyi Solar Holdings Ltd	1.92%	1.41%	7.96%	3.84%	2.31%	2.57%	0.84%	1.75%	5.45%	4.64%	4.96%	2.08%

Financials

Frequently Asked Questions

Can I hold both 0868.HK and 0968.HK in my portfolio?

0868.HK and 0968.HK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.