1378.HK vs. 0700.HK

Last updated Jun 5, 2026

1378.HK (China Hongqiao Group Ltd) and 0700.HK (Tencent Holdings Ltd) are both stocks. 1378.HK operates in Aluminum (Basic Materials), while 0700.HK operates in Internet Content & Information (Communication Services). Over the past 10 years, 1378.HK returned 25.86%/yr vs 11.74%/yr for 0700.HK. At a 0.32 correlation, their price movements are largely independent.

Performance

1378.HK vs. 0700.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Hongqiao Group Ltd (1378.HK) and Tencent Holdings Ltd (0700.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1378.HK achieves a -11.58% return, which is significantly higher than 0700.HK's -22.48% return. Over the past 10 years, 1378.HK has outperformed 0700.HK with an annualized return of 25.86%, while 0700.HK has yielded a comparatively lower 11.74% annualized return.

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%

0700.HK

• 1D: -1.59%
• 1M: 0.29%
• YTD: -22.48%
• 6M: -23.88%
• 1Y: -9.84%
• 3Y*: 11.79%
• 5Y*: -3.17%
• 10Y*: 11.74%

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

1378.HK vs. 0700.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
0700.HK Tencent Holdings Ltd	-22.48%	44.90%	43.26%	-6.79%	-24.02%	-18.79%	50.58%	19.95%	-22.49%	114.52%

Correlation

The correlation between 1378.HK and 0700.HK is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Mar 25, 2011	0.32

The correlation between 1378.HK and 0700.HK shifts across timeframes, from 0.32 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

1378.HK vs. 0700.HK — Risk / Return Rank

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

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

0700.HK

0700.HK Risk / Return Rank: 28
0700.HK Sharpe Ratio Rank: 28
0700.HK Sortino Ratio Rank: 24
0700.HK Omega Ratio Rank: 25
0700.HK Calmar Ratio Rank: 33
0700.HK Martin Ratio Rank: 31

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.

1378.HK vs. 0700.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Hongqiao Group Ltd (1378.HK) and Tencent Holdings Ltd (0700.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.

	1378.HK	0700.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.18	-0.32	+2.51
Sortino ratio: Return per unit of downside risk	2.68	-0.30	+2.98
Omega ratio: Gain probability vs. loss probability	1.31	0.97	+0.35
Calmar ratio: Return relative to maximum drawdown	3.70	-0.26	+3.96
Martin ratio: Return relative to average drawdown	11.33	-0.59	+11.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1378.HK vs. 0700.HK - Sharpe Ratio Comparison

The current 1378.HK Sharpe Ratio is 2.18, which is higher than the 0700.HK Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of 1378.HK and 0700.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

	1378.HK	0700.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	-0.32	+2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	-0.08	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.34	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.88	-0.53

Drawdowns

1378.HK vs. 0700.HK - Drawdown Comparison

The maximum 1378.HK drawdown since its inception was -74.60%, roughly equal to the maximum 0700.HK drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for 1378.HK and 0700.HK.

Drawdown Indicators

	1378.HK	0700.HK	Difference
Max Drawdown Largest peak-to-trough decline	-74.60%	-72.70%	-1.90%
Max Drawdown (1Y) Largest decline over 1 year	-28.29%	-36.54%	+8.25%
Max Drawdown (3Y) Largest decline over 3 years	-33.45%	-36.54%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-54.83%	-65.40%	+10.57%
Max Drawdown (10Y) Largest decline over 10 years	-74.60%	-72.70%	-1.90%
Current Drawdown Current decline from peak	-28.29%	-31.90%	+3.61%
Average Drawdown Average peak-to-trough decline	-30.92%	-18.00%	-12.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.12%	15.82%	-6.70%

Volatility

1378.HK vs. 0700.HK - Volatility Comparison

China Hongqiao Group Ltd (1378.HK) and Tencent Holdings Ltd (0700.HK) have volatilities of 13.11% and 13.21%, 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

	1378.HK	0700.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.11%	13.21%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	35.08%	23.39%	+11.69%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	29.35%	+18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.66%	39.20%	+8.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.46%	35.59%	+10.87%

Dividends

1378.HK vs. 0700.HK - Dividend Comparison

1378.HK's dividend yield for the trailing twelve months is around 6.04%, more than 0700.HK's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0700.HK Tencent Holdings Ltd	1.15%	0.75%	0.82%	0.82%	0.98%	0.35%	0.21%	0.27%	0.29%	0.15%	0.25%	0.24%
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 1378.HK and 0700.HK in my portfolio?

1378.HK and 0700.HK have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.