0981.HK vs. MSFT

Last updated Jun 4, 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 29.00%/yr vs 25.14%/yr for MSFT. At a 0.05 correlation, their price movements are largely independent.

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 16.26% return, which is significantly higher than MSFT's -10.65% return. Over the past 10 years, 0981.HK has outperformed MSFT with an annualized return of 29.00%, while MSFT has yielded a comparatively lower 25.14% annualized return.

0981.HK

• 1D: 1.22%
• 1M: 14.97%
• YTD: 16.26%
• 6M: 23.44%
• 1Y: 104.81%
• 3Y*: 60.83%
• 5Y*: 28.69%
• 10Y*: 29.00%

MSFT

• 1D: -3.19%
• 1M: 3.58%
• YTD: -10.65%
• 6M: -9.56%
• 1Y: -7.07%
• 3Y*: 9.25%
• 5Y*: 12.39%
• 10Y*: 25.14%

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

0981.HK vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0981.HK Semiconductor Manufacturing International Corp	16.26%	125.08%	59.62%	18.78%	-10.40%	-16.32%	86.77%	74.31%	-49.33%	11.00%
MSFT Microsoft Corporation	-10.65%	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 0.06, 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	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.05

Return for Risk

0981.HK vs. MSFT — 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: 81
0981.HK Sharpe Ratio Rank: 87
0981.HK Sortino Ratio Rank: 84
0981.HK Omega Ratio Rank: 80
0981.HK Calmar Ratio Rank: 78
0981.HK Martin Ratio Rank: 76

MSFT

MSFT Risk / Return Rank: 29
MSFT Sharpe Ratio Rank: 29
MSFT Sortino Ratio Rank: 25
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 33
MSFT Martin Ratio Rank: 33

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. 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.

	0981.HK	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	1.96	-0.28	+2.24
Sortino ratio: Return per unit of downside risk	2.65	-0.22	+2.87
Omega ratio: Gain probability vs. loss probability	1.31	0.97	+0.34
Calmar ratio: Return relative to maximum drawdown	2.45	-0.21	+2.66
Martin ratio: Return relative to average drawdown	5.41	-0.45	+5.86
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. MSFT - Sharpe Ratio Comparison

The current 0981.HK Sharpe Ratio is 1.96, which is higher than the MSFT Sharpe Ratio of -0.28. 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.

Sharpe Ratios by Period

	0981.HK	MSFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	-0.28	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.47	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.93	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.61	-0.51

Drawdowns

0981.HK vs. MSFT - Drawdown Comparison

The maximum 0981.HK drawdown since its inception was -95.27%, 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	-95.27%	-57.95%	-37.32%
Max Drawdown (1Y) Largest decline over 1 year	-44.32%	-33.37%	-10.95%
Max Drawdown (3Y) Largest decline over 3 years	-44.32%	-33.37%	-10.95%
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	-8.90%	-19.99%	+11.09%
Average Drawdown Average peak-to-trough decline	-60.01%	-11.33%	-48.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.82%	15.67%	+4.15%

Volatility

0981.HK vs. MSFT - Volatility Comparison

Semiconductor Manufacturing International Corp (0981.HK) has a higher volatility of 19.77% compared to Microsoft Corporation (MSFT) at 9.97%. 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	19.77%	9.97%	+9.80%
Volatility (6M) Calculated over the trailing 6-month period	36.35%	22.31%	+14.04%
Volatility (1Y) Calculated over the trailing 1-year period	55.37%	25.10%	+30.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	26.60%	+25.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.22%	27.00%	+26.22%

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 0.83%.

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	0.83%	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 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.