0941.HK vs. PANW

Last updated Jun 13, 2026

0941.HK (China Mobile Ltd) and PANW (Palo Alto Networks, Inc.) are both stocks. 0941.HK operates in Telecom Services (Communication Services), while PANW operates in Software - Infrastructure (Technology). Over the past 10 years, 0941.HK returned 5.35%/yr vs 29.25%/yr for PANW. At a 0.02 correlation, their price movements are largely independent.

Performance

0941.HK vs. PANW - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Mobile Ltd (0941.HK) and Palo Alto Networks, Inc. (PANW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0941.HK is traded in HKD, while PANW is traded in USD. To make them comparable, the PANW 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 3.19% return, which is significantly lower than PANW's 52.81% return. Over the past 10 years, 0941.HK has underperformed PANW with an annualized return of 5.35%, while PANW has yielded a comparatively higher 29.25% annualized return.

0941.HK

• 1D: -0.06%
• 1M: -2.59%
• YTD: 3.19%
• 6M: -2.54%
• 1Y: -0.42%
• 3Y*: 15.94%
• 5Y*: 19.04%
• 10Y*: 5.35%

PANW

• 1D: 0.02%
• 1M: 22.83%
• YTD: 52.81%
• 6M: 46.83%
• 1Y: 41.20%
• 3Y*: 33.78%
• 5Y*: 35.86%
• 10Y*: 29.25%

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

0941.HK vs. PANW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0941.HK China Mobile Ltd	3.19%	13.20%	26.39%	34.44%	21.03%	13.23%	-28.53%	-9.29%	-0.39%	-0.36%
PANW Palo Alto Networks, Inc.	52.81%	1.43%	22.78%	111.30%	-24.68%	57.51%	52.99%	22.13%	30.24%	16.80%

Correlation

The correlation between 0941.HK and PANW is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012	0.02

Return for Risk

0941.HK vs. PANW — 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: 38
0941.HK Sharpe Ratio Rank: 41
0941.HK Sortino Ratio Rank: 33
0941.HK Omega Ratio Rank: 32
0941.HK Calmar Ratio Rank: 41
0941.HK Martin Ratio Rank: 41

PANW

PANW Risk / Return Rank: 69
PANW Sharpe Ratio Rank: 75
PANW Sortino Ratio Rank: 69
PANW Omega Ratio Rank: 70
PANW Calmar Ratio Rank: 66
PANW Martin Ratio Rank: 66

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. PANW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Mobile Ltd (0941.HK) and Palo Alto Networks, Inc. (PANW). 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.

	0941.HK	PANW	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	1.06	-1.10
Sortino ratio: Return per unit of downside risk	0.03	1.56	-1.53
Omega ratio: Gain probability vs. loss probability	1.00	1.20	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.03	1.16	-1.20
Martin ratio: Return relative to average drawdown	-0.07	2.64	-2.71

0941.HK vs. PANW - Sharpe Ratio Comparison

The current 0941.HK Sharpe Ratio is -0.04, which is lower than the PANW Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of 0941.HK and PANW, 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

0941.HK vs. PANW - Drawdown Comparison

The maximum 0941.HK drawdown since its inception was -65.24%, which is greater than PANW's maximum drawdown of -48.55%. Use the drawdown chart below to compare losses from any high point for 0941.HK and PANW.

Drawdown Indicators

	0941.HK	PANW	Difference
Max Drawdown Largest peak-to-trough decline	-65.24%	-48.55%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-35.56%	+22.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-35.56%	+22.79%
Max Drawdown (5Y) Largest decline over 5 years	-16.58%	-36.25%	+19.67%
Max Drawdown (10Y) Largest decline over 10 years	-49.33%	-48.55%	-0.78%
Current Drawdown Current decline from peak	-5.11%	-6.97%	+1.86%
Average Drawdown Average peak-to-trough decline	-29.78%	-14.67%	-15.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	15.63%	-9.49%

Volatility

0941.HK vs. PANW - Volatility Comparison

The current volatility for China Mobile Ltd (0941.HK) is 2.08%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.99%. This indicates that 0941.HK experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0941.HK	PANW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	16.99%	-14.91%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	32.32%	-23.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	38.96%	-27.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	41.69%	-24.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	38.59%	-18.33%

Dividends

0941.HK vs. PANW - Dividend Comparison

0941.HK's dividend yield for the trailing twelve months is around 6.44%, while PANW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0941.HK China Mobile Ltd	6.44%	6.41%	6.53%	7.16%	8.95%	7.24%	7.36%	4.45%	4.52%	3.62%	3.27%	3.32%
PANW Palo Alto Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 0941.HK and PANW in my portfolio?

0941.HK and PANW have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.