0968.HK vs. AZN

Last updated Jun 5, 2026

0968.HK (Xinyi Solar Holdings Ltd) and AZN (AstraZeneca PLC) are both stocks. 0968.HK operates in Solar (Technology), while AZN operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, 0968.HK returned 1.31%/yr vs 15.48%/yr for AZN. At a 0.03 correlation, their price movements are largely independent.

Performance

0968.HK vs. AZN - Performance Comparison

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

Different Trading Currencies

0968.HK is traded in HKD, while AZN is traded in USD. To make them comparable, the AZN values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0968.HK achieves a -11.86% return, which is significantly lower than AZN's 3.92% return. Over the past 10 years, 0968.HK has underperformed AZN with an annualized return of 1.31%, while AZN has yielded a comparatively higher 15.48% annualized return.

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%

AZN

• 1D: 2.28%
• 1M: 0.54%
• YTD: 3.92%
• 6M: 5.93%
• 1Y: 31.90%
• 3Y*: 10.70%
• 5Y*: 13.15%
• 10Y*: 15.48%

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

0968.HK vs. AZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
AZN AstraZeneca PLC	3.92%	43.58%	-1.13%	1.43%	19.34%	20.31%	2.66%	34.96%	14.11%	34.13%

Correlation

The correlation between 0968.HK and AZN is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013	0.03

Return for Risk

0968.HK vs. AZN — Risk / Return Rank

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

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

AZN

AZN Risk / Return Rank: 76
AZN Sharpe Ratio Rank: 77
AZN Sortino Ratio Rank: 76
AZN Omega Ratio Rank: 72
AZN Calmar Ratio Rank: 75
AZN 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.

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

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

	0968.HK	AZN	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.27	-0.98
Sortino ratio: Return per unit of downside risk	0.78	2.06	-1.27
Omega ratio: Gain probability vs. loss probability	1.09	1.24	-0.15
Calmar ratio: Return relative to maximum drawdown	0.39	2.11	-1.72
Martin ratio: Return relative to average drawdown	0.83	5.66	-4.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0968.HK vs. AZN - Sharpe Ratio Comparison

The current 0968.HK Sharpe Ratio is 0.29, which is lower than the AZN Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of 0968.HK and AZN, 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

	0968.HK	AZN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	1.27	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	0.55	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.62	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.44	-0.23

Drawdowns

0968.HK vs. AZN - Drawdown Comparison

The maximum 0968.HK drawdown since its inception was -88.39%, which is greater than AZN's maximum drawdown of -41.41%. Use the drawdown chart below to compare losses from any high point for 0968.HK and AZN.

Drawdown Indicators

	0968.HK	AZN	Difference
Max Drawdown Largest peak-to-trough decline	-88.39%	-41.41%	-46.98%
Max Drawdown (1Y) Largest decline over 1 year	-35.06%	-15.28%	-19.78%
Max Drawdown (3Y) Largest decline over 3 years	-74.25%	-27.99%	-46.26%
Max Drawdown (5Y) Largest decline over 5 years	-86.73%	-27.99%	-58.74%
Max Drawdown (10Y) Largest decline over 10 years	-88.39%	-27.99%	-60.40%
Current Drawdown Current decline from peak	-86.50%	-10.67%	-75.83%
Average Drawdown Average peak-to-trough decline	-36.80%	-9.93%	-26.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.30%	5.67%	+10.63%

Volatility

0968.HK vs. AZN - Volatility Comparison

Xinyi Solar Holdings Ltd (0968.HK) has a higher volatility of 11.52% compared to AstraZeneca PLC (AZN) at 7.13%. This indicates that 0968.HK's price experiences larger fluctuations and is considered to be riskier than AZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0968.HK	AZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	7.13%	+4.39%
Volatility (6M) Calculated over the trailing 6-month period	29.92%	17.29%	+12.63%
Volatility (1Y) Calculated over the trailing 1-year period	47.02%	25.35%	+21.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.85%	23.90%	+28.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.32%	24.87%	+24.45%

Dividends

0968.HK vs. AZN - Dividend Comparison

0968.HK's dividend yield for the trailing twelve months is around 1.92%, less than AZN's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
AZN AstraZeneca PLC	2.86%	1.70%	2.27%	2.15%	2.12%	2.35%	2.80%	2.81%	3.69%	3.95%	5.01%	4.06%

Financials

Frequently Asked Questions

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

0968.HK and AZN have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.