1299.HK vs. 2388.HK

Last updated Jul 21, 2026

1299.HK (AIA Group Ltd) and 2388.HK (BOC Hong Kong Holdings Ltd) are both stocks. Both are in the Financial Services sector — 1299.HK in Insurance - Life, 2388.HK in Banks - Regional. Over the past 10 years, 1299.HK returned 6.50%/yr vs 12.23%/yr for 2388.HK. At a 0.49 correlation, their price movements are largely independent.

Performance

1299.HK vs. 2388.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in AIA Group Ltd (1299.HK) and BOC Hong Kong Holdings Ltd (2388.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1299.HK achieves a -3.55% return, which is significantly lower than 2388.HK's 23.64% return. Over the past 10 years, 1299.HK has underperformed 2388.HK with an annualized return of 6.50%, while 2388.HK has yielded a comparatively higher 12.23% annualized return.

1299.HK

• 1D: 0.26%
• 1M: 2.78%
• 6M: -7.10%
• YTD: -3.55%
• 1Y: 12.78%
• 3Y*: 1.38%
• 5Y*: -1.92%
• 10Y*: 6.50%
• ALL TIME*: 9.60%

2388.HK

• 1D: 1.29%
• 1M: 0.61%
• 6M: 22.34%
• YTD: 23.64%
• 1Y: 33.34%
• 3Y*: 35.04%
• 5Y*: 20.42%
• 10Y*: 12.23%
• ALL TIME*: 10.02%

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

1299.HK vs. 2388.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1299.HK AIA Group Ltd	-3.55%	45.82%	-14.95%	-19.98%	12.60%	-16.10%	18.28%	27.79%	-0.98%	54.78%
2388.HK BOC Hong Kong Holdings Ltd	23.64%	68.39%	26.90%	-15.14%	8.28%	13.99%	-7.53%	-2.46%	-25.40%	47.09%

Correlation

The correlation between 1299.HK and 2388.HK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010	0.49

Return for Risk

1299.HK vs. 2388.HK — Risk / Return Rank

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

1299.HK

1299.HK Risk / Return Rank: 58
1299.HK Sharpe Ratio Rank: 60
1299.HK Sortino Ratio Rank: 55
1299.HK Omega Ratio Rank: 54
1299.HK Calmar Ratio Rank: 60
1299.HK Martin Ratio Rank: 63

2388.HK

2388.HK Risk / Return Rank: 85
2388.HK Sharpe Ratio Rank: 86
2388.HK Sortino Ratio Rank: 84
2388.HK Omega Ratio Rank: 81
2388.HK Calmar Ratio Rank: 87
2388.HK Martin Ratio Rank: 88

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.

1299.HK vs. 2388.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AIA Group Ltd (1299.HK) and BOC Hong Kong Holdings Ltd (2388.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.

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.

	1299.HK	2388.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.50	-1.09
Sortino ratio: Return per unit of downside risk	0.80	2.23	-1.43
Omega ratio: Gain probability vs. loss probability	1.10	1.27	-0.17
Calmar ratio: Return relative to maximum drawdown	0.61	3.10	-2.48
Martin ratio: Return relative to average drawdown	1.63	8.47	-6.84

1299.HK vs. 2388.HK - Sharpe Ratio Comparison

The current 1299.HK Sharpe Ratio is 0.41, which is lower than the 2388.HK Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of 1299.HK and 2388.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.

Drawdowns

1299.HK vs. 2388.HK - Drawdown Comparison

The maximum 1299.HK drawdown since its inception was -55.42%, smaller than the maximum 2388.HK drawdown of -71.91%. Use the drawdown chart below to compare losses from any high point for 1299.HK and 2388.HK.

Drawdown Indicators

	1299.HK	2388.HK	Difference
Max Drawdown Largest peak-to-trough decline	-55.42%	-71.91%	+16.49%
Max Drawdown (1Y) Largest decline over 1 year	-21.42%	-11.12%	-10.30%
Max Drawdown (3Y) Largest decline over 3 years	-41.11%	-22.36%	-18.75%
Max Drawdown (5Y) Largest decline over 5 years	-50.77%	-38.53%	-12.24%
Max Drawdown (10Y) Largest decline over 10 years	-55.42%	-48.14%	-7.28%
Current Drawdown Current decline from peak	-21.11%	-1.03%	-20.08%
Average Drawdown Average peak-to-trough decline	-14.52%	-18.30%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.96%	4.01%	+3.95%

Volatility

1299.HK vs. 2388.HK - Volatility Comparison

The current volatility for AIA Group Ltd (1299.HK) is 7.19%, while BOC Hong Kong Holdings Ltd (2388.HK) has a volatility of 7.80%. This indicates that 1299.HK experiences smaller price fluctuations and is considered to be less risky than 2388.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1299.HK	2388.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	7.80%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	25.62%	16.81%	+8.81%
Volatility (1Y) Calculated over the trailing 1-year period	32.27%	23.02%	+9.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.87%	22.58%	+9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.68%	22.19%	+7.49%

Dividends

1299.HK vs. 2388.HK - Dividend Comparison

1299.HK's dividend yield for the trailing twelve months is around 2.55%, less than 2388.HK's 4.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1299.HK AIA Group Ltd	2.55%	2.25%	2.91%	2.29%	1.71%	1.76%	1.35%	1.44%	1.59%	1.34%	1.67%	1.13%
2388.HK BOC Hong Kong Holdings Ltd	4.51%	5.81%	6.87%	6.78%	4.25%	4.86%	6.12%	5.43%	1.87%	2.95%	6.97%	4.73%

Financials

Frequently Asked Questions

Can I hold both 1299.HK and 2388.HK in my portfolio?

1299.HK and 2388.HK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.