1310.HK vs. HEWJ

Last updated Jun 5, 2026

1310.HK (HKBN Ltd) is a stock, while HEWJ (iShares Currency Hedged MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan 100% Hedged to USD Index. Over the past 10 years, 1310.HK returned 3.13%/yr vs 15.90%/yr for HEWJ. At a 0.08 correlation, their price movements are largely independent.

Performance

1310.HK vs. HEWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in HKBN Ltd (1310.HK) and iShares Currency Hedged MSCI Japan ETF (HEWJ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

1310.HK is traded in HKD, while HEWJ is traded in USD. To make them comparable, the HEWJ values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 1310.HK achieves a 6.44% return, which is significantly lower than HEWJ's 17.29% return. Over the past 10 years, 1310.HK has underperformed HEWJ with an annualized return of 3.13%, while HEWJ has yielded a comparatively higher 15.90% annualized return.

1310.HK

• 1D: -1.84%
• 1M: -9.08%
• YTD: 6.44%
• 6M: 1.29%
• 1Y: 36.35%
• 3Y*: 16.50%
• 5Y*: -1.76%
• 10Y*: 3.13%

HEWJ

• 1D: -3.51%
• 1M: 1.55%
• YTD: 17.29%
• 6M: 18.86%
• 1Y: 49.23%
• 3Y*: 27.00%
• 5Y*: 20.82%
• 10Y*: 15.90%

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

1310.HK vs. HEWJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1310.HK HKBN Ltd	6.44%	28.21%	59.08%	-23.77%	-42.87%	-14.16%	-2.63%	15.87%	26.28%	21.92%
HEWJ iShares Currency Hedged MSCI Japan ETF	17.29%	30.50%	24.15%	36.19%	-4.23%	13.41%	9.79%	20.15%	-14.49%	22.40%

Correlation

The correlation between 1310.HK and HEWJ is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Mar 13, 2015	0.08

Return for Risk

1310.HK vs. HEWJ — Risk / Return Rank

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

1310.HK

1310.HK Risk / Return Rank: 68
1310.HK Sharpe Ratio Rank: 57
1310.HK Sortino Ratio Rank: 71
1310.HK Omega Ratio Rank: 84
1310.HK Calmar Ratio Rank: 67
1310.HK Martin Ratio Rank: 63

HEWJ

HEWJ Risk / Return Rank: 84
HEWJ Sharpe Ratio Rank: 83
HEWJ Sortino Ratio Rank: 82
HEWJ Omega Ratio Rank: 82
HEWJ Calmar Ratio Rank: 87
HEWJ 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.

1310.HK vs. HEWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HKBN Ltd (1310.HK) and iShares Currency Hedged MSCI Japan ETF (HEWJ). 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.

	1310.HK	HEWJ	Difference
Sharpe ratio: Return per unit of total volatility	0.46	2.60	-2.14
Sortino ratio: Return per unit of downside risk	1.78	3.54	-1.76
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	1.37	4.84	-3.47
Martin ratio: Return relative to average drawdown	2.51	18.91	-16.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1310.HK vs. HEWJ - Sharpe Ratio Comparison

The current 1310.HK Sharpe Ratio is 0.46, which is lower than the HEWJ Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of 1310.HK and HEWJ, 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

	1310.HK	HEWJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	2.60	-2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	1.09	-1.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.81	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.68	-0.60

Drawdowns

1310.HK vs. HEWJ - Drawdown Comparison

The maximum 1310.HK drawdown since its inception was -79.55%, which is greater than HEWJ's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for 1310.HK and HEWJ.

Drawdown Indicators

	1310.HK	HEWJ	Difference
Max Drawdown Largest peak-to-trough decline	-79.55%	-31.83%	-47.72%
Max Drawdown (1Y) Largest decline over 1 year	-27.58%	-10.23%	-17.35%
Max Drawdown (3Y) Largest decline over 3 years	-51.33%	-21.08%	-30.25%
Max Drawdown (5Y) Largest decline over 5 years	-74.29%	-21.08%	-53.21%
Max Drawdown (10Y) Largest decline over 10 years	-79.55%	-31.83%	-47.72%
Current Drawdown Current decline from peak	-34.34%	-3.51%	-30.83%
Average Drawdown Average peak-to-trough decline	-28.04%	-6.55%	-21.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.86%	2.61%	+12.25%

Volatility

1310.HK vs. HEWJ - Volatility Comparison

HKBN Ltd (1310.HK) has a higher volatility of 6.89% compared to iShares Currency Hedged MSCI Japan ETF (HEWJ) at 5.06%. This indicates that 1310.HK's price experiences larger fluctuations and is considered to be riskier than HEWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1310.HK	HEWJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	5.06%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	14.21%	+6.73%
Volatility (1Y) Calculated over the trailing 1-year period	81.99%	19.04%	+62.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.18%	19.12%	+31.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.66%	19.66%	+20.00%

Dividends

1310.HK vs. HEWJ - Dividend Comparison

1310.HK's dividend yield for the trailing twelve months is around 5.37%, more than HEWJ's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1310.HK HKBN Ltd	5.37%	5.59%	6.19%	11.46%	11.93%	7.99%	6.25%	5.36%	4.71%	4.55%	4.70%	2.00%
HEWJ iShares Currency Hedged MSCI Japan ETF	4.38%	5.10%	2.20%	2.02%	47.68%	2.03%	1.20%	2.78%	1.37%	1.21%	1.88%	3.25%

Frequently Asked Questions

Can I hold both 1310.HK and HEWJ in my portfolio?

1310.HK and HEWJ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.