1336.HK vs. 0966.HK

Last updated Jun 13, 2026

1336.HK (New China Life Insurance) and 0966.HK (China Taiping Insurance Holdings Co Ltd) are both stocks. Both operate in the Insurance - Life industry within the Financial Services sector. Over the past 10 years, 1336.HK returned 12.22%/yr vs 6.33%/yr for 0966.HK. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

1336.HK vs. 0966.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in New China Life Insurance (1336.HK) and China Taiping Insurance Holdings Co Ltd (0966.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1336.HK achieves a -5.15% return, which is significantly lower than 0966.HK's 11.50% return. Over the past 10 years, 1336.HK has outperformed 0966.HK with an annualized return of 12.22%, while 0966.HK has yielded a comparatively lower 6.33% annualized return.

1336.HK

• 1D: 5.33%
• 1M: 1.28%
• YTD: -5.15%
• 6M: 5.68%
• 1Y: 46.06%
• 3Y*: 43.27%
• 5Y*: 21.59%
• 10Y*: 12.22%

0966.HK

• 1D: 2.56%
• 1M: -5.79%
• YTD: 11.50%
• 6M: 12.89%
• 1Y: 51.60%
• 3Y*: 39.50%
• 5Y*: 12.75%
• 10Y*: 6.33%

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

1336.HK vs. 0966.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1336.HK New China Life Insurance	-5.15%	146.51%	68.38%	-15.52%	-0.67%	-25.84%	-6.00%	10.32%	-40.62%	52.03%
0966.HK China Taiping Insurance Holdings Co Ltd	11.50%	64.51%	79.37%	-28.52%	-4.44%	-20.89%	-26.28%	-9.71%	-26.31%	84.05%

Correlation

The correlation between 1336.HK and 0966.HK is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 15, 2011	0.72

The correlation between 1336.HK and 0966.HK has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

Return for Risk

1336.HK vs. 0966.HK — Risk / Return Rank

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

1336.HK

1336.HK Risk / Return Rank: 72
1336.HK Sharpe Ratio Rank: 78
1336.HK Sortino Ratio Rank: 73
1336.HK Omega Ratio Rank: 70
1336.HK Calmar Ratio Rank: 71
1336.HK Martin Ratio Rank: 70

0966.HK

0966.HK Risk / Return Rank: 74
0966.HK Sharpe Ratio Rank: 78
0966.HK Sortino Ratio Rank: 73
0966.HK Omega Ratio Rank: 71
0966.HK Calmar Ratio Rank: 77
0966.HK Martin Ratio Rank: 73

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.

1336.HK vs. 0966.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New China Life Insurance (1336.HK) and China Taiping Insurance Holdings Co Ltd (0966.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.

	1336.HK	0966.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.24	-0.06
Sortino ratio: Return per unit of downside risk	1.80	1.82	-0.01
Omega ratio: Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	1.53	2.02	-0.49
Martin ratio: Return relative to average drawdown	3.27	4.18	-0.91

1336.HK vs. 0966.HK - Sharpe Ratio Comparison

The current 1336.HK Sharpe Ratio is 1.19, which is comparable to the 0966.HK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of 1336.HK and 0966.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

1336.HK vs. 0966.HK - Drawdown Comparison

The maximum 1336.HK drawdown since its inception was -71.90%, smaller than the maximum 0966.HK drawdown of -82.82%. Use the drawdown chart below to compare losses from any high point for 1336.HK and 0966.HK.

Drawdown Indicators

	1336.HK	0966.HK	Difference
Max Drawdown Largest peak-to-trough decline	-71.90%	-82.82%	+10.92%
Max Drawdown (1Y) Largest decline over 1 year	-30.22%	-25.49%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-43.61%	-39.79%	-3.82%
Max Drawdown (5Y) Largest decline over 5 years	-47.10%	-56.06%	+8.96%
Max Drawdown (10Y) Largest decline over 10 years	-71.90%	-82.82%	+10.92%
Current Drawdown Current decline from peak	-20.87%	-27.82%	+6.95%
Average Drawdown Average peak-to-trough decline	-34.91%	-42.41%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.04%	12.21%	+1.83%

Volatility

1336.HK vs. 0966.HK - Volatility Comparison

New China Life Insurance (1336.HK) and China Taiping Insurance Holdings Co Ltd (0966.HK) have volatilities of 9.28% and 9.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1336.HK	0966.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	9.11%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	26.81%	29.15%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	39.12%	41.56%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.76%	41.67%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.65%	40.62%	-0.97%

Dividends

1336.HK vs. 0966.HK - Dividend Comparison

1336.HK's dividend yield for the trailing twelve months is around 5.65%, more than 0966.HK's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0966.HK China Taiping Insurance Holdings Co Ltd	1.68%	1.87%	2.58%	3.87%	4.73%	3.74%	2.15%	0.52%	0.47%	0.34%	0.00%	0.00%
1336.HK New China Life Insurance	5.65%	5.36%	6.46%	7.74%	8.84%	8.00%	5.13%	2.62%	2.02%	1.03%	0.93%	0.82%

Financials

Frequently Asked Questions

Can I hold both 1336.HK and 0966.HK in my portfolio?

1336.HK and 0966.HK have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.