0883.HK vs. SMH

Last updated Jun 13, 2026

0883.HK (CNOOC Ltd) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, 0883.HK returned 18.72%/yr vs 37.62%/yr for SMH. At a 0.11 correlation, their price movements are largely independent.

Performance

0883.HK vs. SMH - Performance Comparison

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

Different Trading Currencies

0883.HK is traded in HKD, while SMH is traded in USD. To make them comparable, the SMH values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0883.HK achieves a 19.57% return, which is significantly lower than SMH's 73.30% return. Over the past 10 years, 0883.HK has underperformed SMH with an annualized return of 18.72%, while SMH has yielded a comparatively higher 37.62% annualized return.

0883.HK

• 1D: 0.81%
• 1M: -3.60%
• YTD: 19.57%
• 6M: 21.97%
• 1Y: 41.30%
• 3Y*: 39.61%
• 5Y*: 34.47%
• 10Y*: 18.72%

SMH

• 1D: 1.71%
• 1M: 7.23%
• YTD: 73.30%
• 6M: 76.77%
• 1Y: 141.57%
• 3Y*: 60.06%
• 5Y*: 38.68%
• 10Y*: 37.62%

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

0883.HK vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0883.HK CNOOC Ltd	19.57%	19.77%	57.91%	44.90%	46.98%	19.64%	-40.48%	13.63%	12.79%	21.28%
SMH VanEck Semiconductor ETF	73.30%	49.46%	38.38%	73.35%	-33.42%	42.90%	54.84%	63.58%	-8.85%	39.54%

Correlation

The correlation between 0883.HK and SMH is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007	0.11

Return for Risk

0883.HK vs. SMH — Risk / Return Rank

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

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

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 94
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

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.

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

This table presents a comparison of risk-adjusted performance metrics for CNOOC Ltd (0883.HK) and VanEck Semiconductor ETF (SMH). 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.

	0883.HK	SMH	Difference
Sharpe ratio: Return per unit of total volatility	1.60	4.11	-2.51
Sortino ratio: Return per unit of downside risk	2.26	4.25	-1.99
Omega ratio: Gain probability vs. loss probability	1.27	1.60	-0.33
Calmar ratio: Return relative to maximum drawdown	2.65	9.26	-6.61
Martin ratio: Return relative to average drawdown	7.00	33.80	-26.80

0883.HK vs. SMH - Sharpe Ratio Comparison

The current 0883.HK Sharpe Ratio is 1.60, which is lower than the SMH Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of 0883.HK and SMH, 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

0883.HK vs. SMH - Drawdown Comparison

The maximum 0883.HK drawdown since its inception was -74.17%, which is greater than SMH's maximum drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for 0883.HK and SMH.

Drawdown Indicators

	0883.HK	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-74.17%	-62.38%	-11.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-14.76%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-30.80%	-36.08%	+5.28%
Max Drawdown (5Y) Largest decline over 5 years	-30.80%	-44.94%	+14.14%
Max Drawdown (10Y) Largest decline over 10 years	-56.59%	-44.94%	-11.65%
Current Drawdown Current decline from peak	-16.50%	-2.83%	-13.67%
Average Drawdown Average peak-to-trough decline	-24.10%	-11.95%	-12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	4.04%	+2.39%

Volatility

0883.HK vs. SMH - Volatility Comparison

The current volatility for CNOOC Ltd (0883.HK) is 8.11%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.28%. This indicates that 0883.HK experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0883.HK	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	16.28%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	24.22%	27.74%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	28.40%	33.22%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.79%	35.44%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.86%	32.79%	-0.93%

Dividends

0883.HK vs. SMH - Dividend Comparison

0883.HK's dividend yield for the trailing twelve months is around 5.14%, more than SMH's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

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

0883.HK and SMH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.