1038.HK vs. 1138.HK

Last updated Jun 5, 2026

1038.HK (CK Infrastructure Holdings Ltd) and 1138.HK (COSCO Shipping Energy Transportation Co Ltd) are both stocks. 1038.HK operates in Utilities - Regulated Electric (Utilities), while 1138.HK operates in Marine Shipping (Industrials). Over the past 10 years, 1038.HK returned 1.96%/yr vs 14.99%/yr for 1138.HK. At a 0.19 correlation, their price movements are largely independent.

Performance

1038.HK vs. 1138.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CK Infrastructure Holdings Ltd (1038.HK) and COSCO Shipping Energy Transportation Co Ltd (1138.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1038.HK achieves a 0.67% return, which is significantly lower than 1138.HK's 46.04% return. Over the past 10 years, 1038.HK has underperformed 1138.HK with an annualized return of 1.96%, while 1138.HK has yielded a comparatively higher 14.99% annualized return.

1038.HK

• 1D: -1.31%
• 1M: -13.65%
• YTD: 0.67%
• 6M: 7.28%
• 1Y: 12.44%
• 3Y*: 14.57%
• 5Y*: 8.68%
• 10Y*: 1.96%

1138.HK

• 1D: -1.06%
• 1M: -27.51%
• YTD: 46.04%
• 6M: 49.63%
• 1Y: 140.82%
• 3Y*: 33.05%
• 5Y*: 36.71%
• 10Y*: 14.99%

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

1038.HK vs. 1138.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1038.HK CK Infrastructure Holdings Ltd	0.67%	4.91%	40.97%	12.13%	-13.59%	25.53%	-20.62%	-2.64%	-8.13%	12.55%
1138.HK COSCO Shipping Energy Transportation Co Ltd	46.04%	59.86%	-8.64%	25.56%	101.35%	4.54%	-16.10%	-5.38%	-6.85%	3.73%

Correlation

The correlation between 1038.HK and 1138.HK is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 21, 1999	0.19

The correlation between 1038.HK and 1138.HK shifts across timeframes, from 0.07 (5 years) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

1038.HK vs. 1138.HK — Risk / Return Rank

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

1038.HK

1038.HK Risk / Return Rank: 62
1038.HK Sharpe Ratio Rank: 65
1038.HK Sortino Ratio Rank: 58
1038.HK Omega Ratio Rank: 56
1038.HK Calmar Ratio Rank: 63
1038.HK Martin Ratio Rank: 69

1138.HK

1138.HK Risk / Return Rank: 89
1138.HK Sharpe Ratio Rank: 92
1138.HK Sortino Ratio Rank: 88
1138.HK Omega Ratio Rank: 86
1138.HK Calmar Ratio Rank: 89
1138.HK Martin Ratio Rank: 92

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.

1038.HK vs. 1138.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CK Infrastructure Holdings Ltd (1038.HK) and COSCO Shipping Energy Transportation Co Ltd (1138.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.

	1038.HK	1138.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.45	-1.70
Sortino ratio: Return per unit of downside risk	1.18	2.97	-1.79
Omega ratio: Gain probability vs. loss probability	1.14	1.37	-0.23
Calmar ratio: Return relative to maximum drawdown	1.09	4.22	-3.14
Martin ratio: Return relative to average drawdown	3.67	13.92	-10.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1038.HK vs. 1138.HK - Sharpe Ratio Comparison

The current 1038.HK Sharpe Ratio is 0.75, which is lower than the 1138.HK Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of 1038.HK and 1138.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

	1038.HK	1138.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.45	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.67	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.32	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.21	+0.11

Drawdowns

1038.HK vs. 1138.HK - Drawdown Comparison

The maximum 1038.HK drawdown since its inception was -60.88%, smaller than the maximum 1138.HK drawdown of -88.73%. Use the drawdown chart below to compare losses from any high point for 1038.HK and 1138.HK.

Drawdown Indicators

	1038.HK	1138.HK	Difference
Max Drawdown Largest peak-to-trough decline	-60.88%	-88.73%	+27.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-33.99%	+20.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-51.42%	+31.47%
Max Drawdown (5Y) Largest decline over 5 years	-33.03%	-51.42%	+18.39%
Max Drawdown (10Y) Largest decline over 10 years	-46.96%	-51.42%	+4.46%
Current Drawdown Current decline from peak	-13.91%	-33.99%	+20.08%
Average Drawdown Average peak-to-trough decline	-18.31%	-54.46%	+36.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	10.20%	-6.13%

Volatility

1038.HK vs. 1138.HK - Volatility Comparison

The current volatility for CK Infrastructure Holdings Ltd (1038.HK) is 5.32%, while COSCO Shipping Energy Transportation Co Ltd (1138.HK) has a volatility of 18.82%. This indicates that 1038.HK experiences smaller price fluctuations and is considered to be less risky than 1138.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1038.HK	1138.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	18.82%	-13.50%
Volatility (6M) Calculated over the trailing 6-month period	17.02%	46.00%	-28.98%
Volatility (1Y) Calculated over the trailing 1-year period	20.14%	58.55%	-38.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	56.72%	-35.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	48.91%	-28.07%

Dividends

1038.HK vs. 1138.HK - Dividend Comparison

1038.HK's dividend yield for the trailing twelve months is around 4.64%, more than 1138.HK's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1038.HK CK Infrastructure Holdings Ltd	4.64%	4.50%	4.45%	5.88%	6.14%	4.99%	5.91%	4.38%	4.03%	3.43%	3.53%	2.89%
1138.HK COSCO Shipping Energy Transportation Co Ltd	1.64%	2.40%	10.05%	2.21%	0.00%	8.09%	1.43%	0.62%	1.52%	5.11%	2.74%	0.74%

Financials

Frequently Asked Questions

Can I hold both 1038.HK and 1138.HK in my portfolio?

1038.HK and 1138.HK have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.