0941.HK vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about China Mobile Ltd (0941.HK) and S&P 500 Index (^GSPC).

Performance

0941.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Mobile Ltd (0941.HK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

0941.HK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0941.HK China Mobile Ltd	-2.33%	13.20%	26.39%	34.44%	21.03%	13.23%	-28.53%	-9.29%	-0.39%	1.49%
^GSPC S&P 500 Index	-3.29%	16.61%	22.67%	24.22%	-19.31%	27.58%	15.74%	28.20%	-6.03%	20.34%

Different Trading Currencies

0941.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0941.HK achieves a -2.33% return, which is significantly higher than ^GSPC's -3.94% return. Over the past 10 years, 0941.HK has underperformed ^GSPC with an annualized return of 5.24%, while ^GSPC has yielded a comparatively higher 12.28% annualized return.

0941.HK

• 1D: 0.82%
• 1M: 1.46%
• YTD: -2.33%
• 6M: -5.56%
• 1Y: 0.83%
• 3Y*: 15.20%
• 5Y*: 17.39%
• 10Y*: 5.24%

^GSPC

• 1D: 0.00%
• 1M: -4.90%
• YTD: -3.94%
• 6M: -1.99%
• 1Y: 16.77%
• 3Y*: 16.64%
• 5Y*: 10.37%
• 10Y*: 12.28%

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

Return for Risk

0941.HK vs. ^GSPC — Risk / Return Rank

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

0941.HK

0941.HK Risk / Return Rank: 40
0941.HK Sharpe Ratio Rank: 42
0941.HK Sortino Ratio Rank: 33
0941.HK Omega Ratio Rank: 33
0941.HK Calmar Ratio Rank: 45
0941.HK Martin Ratio Rank: 46

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

0941.HK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Mobile Ltd (0941.HK) and S&P 500 Index (^GSPC). 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.

	0941.HK	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.06	0.92	-0.86
Sortino ratio Return per unit of downside risk	0.18	1.41	-1.24
Omega ratio Gain probability vs. loss probability	1.02	1.22	-0.19
Calmar ratio Return relative to maximum drawdown	0.19	1.40	-1.21
Martin ratio Return relative to average drawdown	0.43	6.64	-6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0941.HK vs. ^GSPC - Sharpe Ratio Comparison

The current 0941.HK Sharpe Ratio is 0.06, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of 0941.HK and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	0941.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	0.92	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.62	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.68	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.41	-0.06

Correlation

The correlation between 0941.HK and ^GSPC is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

0941.HK vs. ^GSPC - Drawdown Comparison

The maximum 0941.HK drawdown since its inception was -80.80%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 0941.HK and ^GSPC.

Drawdown Indicators

	0941.HK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-80.80%	-56.78%	-24.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-12.14%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-16.58%	-25.43%	+8.85%
Max Drawdown (10Y) Largest decline over 10 years	-48.39%	-33.92%	-14.47%
Current Drawdown Current decline from peak	-10.19%	-5.78%	-4.41%
Average Drawdown Average peak-to-trough decline	-35.04%	-10.75%	-24.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	2.60%	+3.15%

Volatility

0941.HK vs. ^GSPC - Volatility Comparison

The current volatility for China Mobile Ltd (0941.HK) is 3.11%, while S&P 500 Index (^GSPC) has a volatility of 5.29%. This indicates that 0941.HK experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0941.HK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	5.29%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	9.51%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.51%	18.31%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	16.89%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	18.01%	+2.44%