0934.HK vs. HESM

Last updated Jun 5, 2026

0934.HK (Sinopec Kantons Holdings Ltd) and HESM (Hess Midstream LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 5 years, 0934.HK returned 11.15%/yr vs 17.47%/yr for HESM. At a 0.07 correlation, their price movements are largely independent.

Performance

0934.HK vs. HESM - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Sinopec Kantons Holdings Ltd (0934.HK) and Hess Midstream LP (HESM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0934.HK is traded in HKD, while HESM is traded in USD. To make them comparable, the HESM values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0934.HK achieves a -11.52% return, which is significantly lower than HESM's 18.11% return.

0934.HK

• 1D: -0.78%
• 1M: -4.48%
• YTD: -11.52%
• 6M: -6.80%
• 1Y: -6.31%
• 3Y*: 15.57%
• 5Y*: 11.15%
• 10Y*: 5.57%

HESM

• 1D: -0.39%
• 1M: 3.66%
• YTD: 18.11%
• 6M: 19.06%
• 1Y: 9.69%
• 3Y*: 19.84%
• 5Y*: 17.47%
• 10Y*: —

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

0934.HK vs. HESM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0934.HK Sinopec Kantons Holdings Ltd	-11.52%	-6.21%	55.29%	22.63%	4.49%	21.03%	-11.87%	0.04%	-28.82%	15.60%
HESM Hess Midstream LP	18.11%	0.75%	25.75%	14.35%	16.82%	53.74%	-5.71%	43.08%	-8.41%	-19.92%

Correlation

The correlation between 0934.HK and HESM 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	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017	0.07

Return for Risk

0934.HK vs. HESM — Risk / Return Rank

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

0934.HK

0934.HK Risk / Return Rank: 25
0934.HK Sharpe Ratio Rank: 26
0934.HK Sortino Ratio Rank: 23
0934.HK Omega Ratio Rank: 23
0934.HK Calmar Ratio Rank: 28
0934.HK Martin Ratio Rank: 26

HESM

HESM Risk / Return Rank: 50
HESM Sharpe Ratio Rank: 56
HESM Sortino Ratio Rank: 47
HESM Omega Ratio Rank: 48
HESM Calmar Ratio Rank: 50
HESM Martin Ratio Rank: 50

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.

0934.HK vs. HESM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sinopec Kantons Holdings Ltd (0934.HK) and Hess Midstream LP (HESM). 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.

	0934.HK	HESM	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.40	-0.76
Sortino ratio: Return per unit of downside risk	-0.37	0.68	-1.06
Omega ratio: Gain probability vs. loss probability	0.96	1.09	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.41	0.37	-0.78
Martin ratio: Return relative to average drawdown	-0.84	0.74	-1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0934.HK vs. HESM - Sharpe Ratio Comparison

The current 0934.HK Sharpe Ratio is -0.35, which is lower than the HESM Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of 0934.HK and HESM, 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

	0934.HK	HESM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	0.40	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.64	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.33	-0.11

Drawdowns

0934.HK vs. HESM - Drawdown Comparison

The maximum 0934.HK drawdown since its inception was -77.84%, roughly equal to the maximum HESM drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for 0934.HK and HESM.

Drawdown Indicators

	0934.HK	HESM	Difference
Max Drawdown Largest peak-to-trough decline	-77.84%	-75.18%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	-18.44%	-26.42%	+7.98%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	-26.42%	+6.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-28.69%	-0.83%
Max Drawdown (10Y) Largest decline over 10 years	-51.36%	—	—
Current Drawdown Current decline from peak	-30.39%	-4.68%	-25.71%
Average Drawdown Average peak-to-trough decline	-36.64%	-11.71%	-24.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.90%	13.11%	-4.21%

Volatility

0934.HK vs. HESM - Volatility Comparison

The current volatility for Sinopec Kantons Holdings Ltd (0934.HK) is 4.10%, while Hess Midstream LP (HESM) has a volatility of 7.85%. This indicates that 0934.HK experiences smaller price fluctuations and is considered to be less risky than HESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0934.HK	HESM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	7.85%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	14.71%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	24.17%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	27.37%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.57%	38.81%	-9.24%

Dividends

0934.HK vs. HESM - Dividend Comparison

0934.HK's dividend yield for the trailing twelve months is around 6.51%, less than HESM's 7.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0934.HK Sinopec Kantons Holdings Ltd	6.51%	5.76%	5.10%	6.55%	6.78%	6.54%	7.41%	5.49%	3.46%	1.68%	1.69%	1.08%
HESM Hess Midstream LP	7.82%	8.41%	7.12%	7.50%	7.30%	6.93%	8.86%	6.89%	8.00%	2.93%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 0934.HK and HESM in my portfolio?

0934.HK and HESM 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.