0981.HK vs. MSFT

Last updated Aug 1, 2026

0981.HK (Semiconductor Manufacturing International Corp) and MSFT (Microsoft Corporation) are both stocks. Both are in the Technology sector — 0981.HK in Semiconductors, MSFT in Software - Infrastructure. Over the past 10 years, 0981.HK returned 25.55%/yr vs 25.10%/yr for MSFT. Their 0.05 correlation means their historical movements had little consistent relationship.

Performance

0981.HK vs. MSFT - Performance Comparison

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

Different Trading Currencies

0981.HK is traded in HKD, while MSFT is traded in USD. To make them comparable, the MSFT values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0981.HK achieves a -11.48% return, which is significantly lower than MSFT's -2.75% return. Both investments have delivered pretty close results over the past 10 years, with 0981.HK having a 25.55% annualized return and MSFT not far behind at 25.10%.

0981.HK

• 1D: 2.02%
• 1M: -29.25%
• 6M: -16.11%
• YTD: -11.48%
• 1Y: 23.78%
• 3Y*: 48.64%
• 5Y*: 18.43%
• 10Y*: 25.55%
• ALL TIME*: 8.59%

MSFT

• 1D: 3.01%
• 1M: 20.91%
• 6M: 8.89%
• YTD: -2.75%
• 1Y: -12.29%
• 3Y*: 12.48%
• 5Y*: 11.39%
• 10Y*: 25.10%
• ALL TIME*: 18.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
0981.HK Semiconductor Manufacturing International Corp	HK$8.53B	HK$10.34B	HK$11.02B
MSFT Microsoft Corporation	HK$136.38B	HK$115.98B	HK$127.21B

0981.HK vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0981.HK Semiconductor Manufacturing International Corp	-11.48%	124.69%	60.12%	18.78%	-10.40%	-16.32%	86.77%	74.31%	-49.33%	11.00%
MSFT Microsoft Corporation	-2.75%	15.81%	12.34%	58.17%	-27.90%	53.30%	41.89%	56.73%	21.06%	41.81%

Correlation

The correlation between 0981.HK and MSFT is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.04
Correlation (10Y) Provides a long-term view across more market conditions.	0.06
Correlation (All Time) Calculated using the full available price history since Sep 12, 2007	0.05

Return for Risk

0981.HK vs. MSFT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

0981.HK

0981.HK Risk / Return Rank: 59
0981.HK Sharpe Ratio Rank: 60
0981.HK Sortino Ratio Rank: 60
0981.HK Omega Ratio Rank: 56
0981.HK Calmar Ratio Rank: 59
0981.HK Martin Ratio Rank: 58

MSFT

MSFT Risk / Return Rank: 28
MSFT Sharpe Ratio Rank: 27
MSFT Sortino Ratio Rank: 24
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 32
MSFT Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Semiconductor Manufacturing International Corp (0981.HK) and Microsoft Corporation (MSFT). 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.

	0981.HK	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	0.40	-0.39	+0.79
Sortino ratio: Return per unit of downside risk	1.03	-0.39	+1.42
Omega ratio: Gain probability vs. loss probability	1.12	0.95	+0.16
Calmar ratio: Return relative to maximum drawdown	0.55	-0.36	+0.91
Martin ratio: Return relative to average drawdown	1.15	-0.65	+1.79

0981.HK vs. MSFT - Sharpe Ratio Comparison

The current 0981.HK Sharpe Ratio is 0.40, which is higher than the MSFT Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of 0981.HK and MSFT, 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

0981.HK vs. MSFT - Drawdown Comparison

The maximum 0981.HK drawdown since its inception was -90.93%, which is greater than MSFT's maximum drawdown of -57.95%. Use the drawdown chart below to compare losses from any high point for 0981.HK and MSFT.

Drawdown Indicators

	0981.HK	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-57.95%	-32.98%
Max Drawdown (1Y) Largest decline over 1 year	-44.32%	-33.90%	-10.42%
Max Drawdown (3Y) Largest decline over 3 years	-44.32%	-33.90%	-10.42%
Max Drawdown (5Y) Largest decline over 5 years	-50.20%	-36.67%	-13.53%
Max Drawdown (10Y) Largest decline over 10 years	-66.58%	-36.67%	-29.91%
Current Drawdown Current decline from peak	-30.53%	-12.92%	-17.61%
Average Drawdown Average peak-to-trough decline	-44.32%	-11.48%	-32.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.08%	18.97%	+2.11%

Volatility

0981.HK vs. MSFT - Volatility Comparison

Semiconductor Manufacturing International Corp (0981.HK) has a higher volatility of 21.16% compared to Microsoft Corporation (MSFT) at 15.98%. This indicates that 0981.HK's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0981.HK	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	15.98%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	45.04%	26.42%	+18.62%
Volatility (1Y) Calculated over the trailing 1-year period	61.40%	31.91%	+29.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.21%	27.98%	+25.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.91%	27.58%	+26.33%

Dividends

0981.HK vs. MSFT - Dividend Comparison

0981.HK has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MSFT Microsoft Corporation	0.77%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%

Financials

Frequently Asked Questions

Can I hold both 0981.HK and MSFT in my portfolio?

0981.HK and MSFT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.