1339.HK vs. 1378.HK

Last updated Jun 5, 2026

1339.HK (People’s Insurance Group of China Co Ltd) and 1378.HK (China Hongqiao Group Ltd) are both stocks. 1339.HK operates in Insurance - Property & Casualty (Financial Services), while 1378.HK operates in Aluminum (Basic Materials). Over the past 10 years, 1339.HK returned 9.58%/yr vs 25.86%/yr for 1378.HK. At a 0.39 correlation, their price movements are largely independent.

Performance

1339.HK vs. 1378.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in People’s Insurance Group of China Co Ltd (1339.HK) and China Hongqiao Group Ltd (1378.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1339.HK achieves a -25.04% return, which is significantly lower than 1378.HK's -11.58% return. Over the past 10 years, 1339.HK has underperformed 1378.HK with an annualized return of 9.58%, while 1378.HK has yielded a comparatively higher 25.86% annualized return.

1339.HK

• 1D: -0.39%
• 1M: -5.42%
• YTD: -25.04%
• 6M: -27.82%
• 1Y: -2.39%
• 3Y*: 26.65%
• 5Y*: 19.13%
• 10Y*: 9.58%

1378.HK

• 1D: -5.21%
• 1M: -14.06%
• YTD: -11.58%
• 6M: -14.52%
• 1Y: 103.39%
• 3Y*: 79.05%
• 5Y*: 31.29%
• 10Y*: 25.86%

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

1339.HK vs. 1378.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1339.HK People’s Insurance Group of China Co Ltd	-25.04%	78.96%	76.53%	-1.31%	17.66%	2.13%	-18.43%	4.63%	-17.06%	27.31%
1378.HK China Hongqiao Group Ltd	-11.58%	197.19%	97.56%	-7.65%	1.64%	27.75%	70.62%	10.34%	-45.64%	28.30%

Correlation

The correlation between 1339.HK and 1378.HK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012	0.39

Return for Risk

1339.HK vs. 1378.HK — Risk / Return Rank

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

1339.HK

1339.HK Risk / Return Rank: 37
1339.HK Sharpe Ratio Rank: 40
1339.HK Sortino Ratio Rank: 35
1339.HK Omega Ratio Rank: 34
1339.HK Calmar Ratio Rank: 39
1339.HK Martin Ratio Rank: 39

1378.HK

1378.HK Risk / Return Rank: 86
1378.HK Sharpe Ratio Rank: 90
1378.HK Sortino Ratio Rank: 85
1378.HK Omega Ratio Rank: 81
1378.HK Calmar Ratio Rank: 86
1378.HK Martin Ratio Rank: 89

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.

1339.HK vs. 1378.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for People’s Insurance Group of China Co Ltd (1339.HK) and China Hongqiao Group Ltd (1378.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.

	1339.HK	1378.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	2.18	-2.22
Sortino ratio: Return per unit of downside risk	0.19	2.68	-2.49
Omega ratio: Gain probability vs. loss probability	1.02	1.31	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.05	3.70	-3.74
Martin ratio: Return relative to average drawdown	-0.10	11.33	-11.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1339.HK vs. 1378.HK - Sharpe Ratio Comparison

The current 1339.HK Sharpe Ratio is -0.04, which is lower than the 1378.HK Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of 1339.HK and 1378.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

	1339.HK	1378.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	2.18	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.68	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.57	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.35	-0.16

Drawdowns

1339.HK vs. 1378.HK - Drawdown Comparison

The maximum 1339.HK drawdown since its inception was -61.40%, smaller than the maximum 1378.HK drawdown of -74.60%. Use the drawdown chart below to compare losses from any high point for 1339.HK and 1378.HK.

Drawdown Indicators

	1339.HK	1378.HK	Difference
Max Drawdown Largest peak-to-trough decline	-61.40%	-74.60%	+13.20%
Max Drawdown (1Y) Largest decline over 1 year	-32.89%	-28.29%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-32.89%	-33.45%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-54.83%	+21.94%
Max Drawdown (10Y) Largest decline over 10 years	-53.90%	-74.60%	+20.70%
Current Drawdown Current decline from peak	-32.89%	-28.29%	-4.60%
Average Drawdown Average peak-to-trough decline	-34.18%	-30.92%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.24%	9.12%	+5.12%

Volatility

1339.HK vs. 1378.HK - Volatility Comparison

The current volatility for People’s Insurance Group of China Co Ltd (1339.HK) is 10.59%, while China Hongqiao Group Ltd (1378.HK) has a volatility of 13.11%. This indicates that 1339.HK experiences smaller price fluctuations and is considered to be less risky than 1378.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1339.HK	1378.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	13.11%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	25.82%	35.08%	-9.26%
Volatility (1Y) Calculated over the trailing 1-year period	35.05%	47.95%	-12.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.66%	47.66%	-17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.05%	46.46%	-17.41%

Dividends

1339.HK vs. 1378.HK - Dividend Comparison

1339.HK's dividend yield for the trailing twelve months is around 4.16%, less than 1378.HK's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1339.HK People’s Insurance Group of China Co Ltd	4.16%	3.12%	6.13%	7.58%	6.63%	7.04%	6.85%	1.60%	1.56%	1.01%	0.87%	0.31%
1378.HK China Hongqiao Group Ltd	6.04%	3.13%	7.48%	6.89%	13.70%	11.54%	6.90%	5.11%	15.06%	0.00%	2.20%	6.07%

Financials

Frequently Asked Questions

Can I hold both 1339.HK and 1378.HK in my portfolio?

1339.HK and 1378.HK have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.