0981.HK vs. 0014.HK

Last updated Jun 9, 2026

0981.HK (Semiconductor Manufacturing International Corp) and 0014.HK (Hysan Development Co Ltd) are both stocks. 0981.HK operates in Semiconductors (Technology), while 0014.HK operates in Real Estate - Services (Real Estate). Over the past 10 years, 0981.HK returned 27.91%/yr vs -0.97%/yr for 0014.HK. At a 0.21 correlation, their price movements are largely independent.

Performance

0981.HK vs. 0014.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Semiconductor Manufacturing International Corp (0981.HK) and Hysan Development Co Ltd (0014.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0981.HK achieves a 4.97% return, which is significantly higher than 0014.HK's -3.07% return. Over the past 10 years, 0981.HK has outperformed 0014.HK with an annualized return of 27.91%, while 0014.HK has yielded a comparatively lower -0.97% annualized return.

0981.HK

• 1D: 3.38%
• 1M: 2.25%
• YTD: 4.97%
• 6M: 4.46%
• 1Y: 86.57%
• 3Y*: 52.49%
• 5Y*: 25.59%
• 10Y*: 27.91%

0014.HK

• 1D: -1.57%
• 1M: -13.62%
• YTD: -3.07%
• 6M: 4.09%
• 1Y: 32.87%
• 3Y*: 2.90%
• 5Y*: -4.34%
• 10Y*: -0.97%

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

0981.HK vs. 0014.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0981.HK Semiconductor Manufacturing International Corp	4.97%	124.69%	60.12%	18.78%	-10.40%	-16.32%	86.77%	74.31%	-49.33%	11.00%
0014.HK Hysan Development Co Ltd	-3.07%	73.02%	-16.52%	-34.71%	12.02%	-11.40%	-1.81%	-14.95%	-7.18%	34.31%

Correlation

The correlation between 0981.HK and 0014.HK is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 1, 2006	0.21

The correlation between 0981.HK and 0014.HK shifts across timeframes, from 0.19 (10 years) to 0.31 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

0981.HK vs. 0014.HK — Risk / Return Rank

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

0981.HK

0981.HK Risk / Return Rank: 76
0981.HK Sharpe Ratio Rank: 82
0981.HK Sortino Ratio Rank: 79
0981.HK Omega Ratio Rank: 75
0981.HK Calmar Ratio Rank: 74
0981.HK Martin Ratio Rank: 73

0014.HK

0014.HK Risk / Return Rank: 77
0014.HK Sharpe Ratio Rank: 82
0014.HK Sortino Ratio Rank: 79
0014.HK Omega Ratio Rank: 76
0014.HK Calmar Ratio Rank: 74
0014.HK Martin Ratio Rank: 75

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.

0981.HK vs. 0014.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Semiconductor Manufacturing International Corp (0981.HK) and Hysan Development Co Ltd (0014.HK). 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.

	0981.HK	0014.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.45	-0.02
Sortino ratio: Return per unit of downside risk	2.17	2.12	+0.05
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	1.80	1.79	+0.01
Martin ratio: Return relative to average drawdown	3.95	4.74	-0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0981.HK vs. 0014.HK - Sharpe Ratio Comparison

The current 0981.HK Sharpe Ratio is 1.44, which is comparable to the 0014.HK Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of 0981.HK and 0014.HK, 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

	0981.HK	0014.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.45	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	-0.17	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	-0.04	+0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.15	+0.03

Drawdowns

0981.HK vs. 0014.HK - Drawdown Comparison

The maximum 0981.HK drawdown since its inception was -90.93%, which is greater than 0014.HK's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for 0981.HK and 0014.HK.

Drawdown Indicators

	0981.HK	0014.HK	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-68.58%	-22.35%
Max Drawdown (1Y) Largest decline over 1 year	-44.32%	-20.90%	-23.42%
Max Drawdown (3Y) Largest decline over 3 years	-44.32%	-44.22%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-50.20%	-60.12%	+9.92%
Max Drawdown (10Y) Largest decline over 10 years	-66.58%	-68.58%	+2.00%
Current Drawdown Current decline from peak	-17.63%	-39.23%	+21.60%
Average Drawdown Average peak-to-trough decline	-44.30%	-22.76%	-21.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.94%	7.82%	+12.12%

Volatility

0981.HK vs. 0014.HK - Volatility Comparison

Semiconductor Manufacturing International Corp (0981.HK) has a higher volatility of 20.67% compared to Hysan Development Co Ltd (0014.HK) at 5.99%. This indicates that 0981.HK's price experiences larger fluctuations and is considered to be riskier than 0014.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0981.HK	0014.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	5.99%	+14.68%
Volatility (6M) Calculated over the trailing 6-month period	37.47%	20.94%	+16.53%
Volatility (1Y) Calculated over the trailing 1-year period	55.65%	25.93%	+29.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.20%	25.52%	+26.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.20%	25.27%	+27.93%

Dividends

0981.HK vs. 0014.HK - Dividend Comparison

0981.HK has not paid dividends to shareholders, while 0014.HK's dividend yield for the trailing twelve months is around 6.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0014.HK Hysan Development Co Ltd	6.15%	5.71%	9.12%	9.29%	5.69%	5.98%	5.06%	4.71%	3.70%	3.26%	4.15%	3.94%
0981.HK Semiconductor Manufacturing International Corp	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 0981.HK and 0014.HK in my portfolio?

0981.HK and 0014.HK have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.