1818.HK vs. 1787.HK

Last updated Jun 5, 2026

1818.HK (Zhaojin Mining Industry Co Ltd) and 1787.HK (Shandong Gold Mining Co Ltd) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, 1818.HK returned 21.32%/yr vs 8.46%/yr for 1787.HK. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

1818.HK vs. 1787.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Zhaojin Mining Industry Co Ltd (1818.HK) and Shandong Gold Mining Co Ltd (1787.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with 1818.HK having a -32.44% return and 1787.HK slightly lower at -33.41%.

1818.HK

• 1D: -3.37%
• 1M: -28.48%
• YTD: -32.44%
• 6M: -29.65%
• 1Y: 2.56%
• 3Y*: 26.02%
• 5Y*: 21.32%
• 10Y*: 12.14%

1787.HK

• 1D: -2.78%
• 1M: -22.99%
• YTD: -33.41%
• 6M: -33.79%
• 1Y: -6.23%
• 3Y*: 15.64%
• 5Y*: 8.46%
• 10Y*: —

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

1818.HK vs. 1787.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
1818.HK Zhaojin Mining Industry Co Ltd	-32.44%	181.22%	13.23%	12.31%	30.33%	-27.31%	7.74%	8.92%	31.19%
1787.HK Shandong Gold Mining Co Ltd	-33.41%	178.62%	-14.03%	2.86%	9.02%	-25.18%	36.24%	36.93%	29.80%

Correlation

The correlation between 1818.HK and 1787.HK is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.75

The correlation between 1818.HK and 1787.HK shifts across timeframes, from 0.75 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

1818.HK vs. 1787.HK — Risk / Return Rank

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

1818.HK

1818.HK Risk / Return Rank: 40
1818.HK Sharpe Ratio Rank: 42
1818.HK Sortino Ratio Rank: 39
1818.HK Omega Ratio Rank: 38
1818.HK Calmar Ratio Rank: 41
1818.HK Martin Ratio Rank: 41

1787.HK

1787.HK Risk / Return Rank: 35
1787.HK Sharpe Ratio Rank: 35
1787.HK Sortino Ratio Rank: 34
1787.HK Omega Ratio Rank: 35
1787.HK Calmar Ratio Rank: 37
1787.HK Martin Ratio Rank: 36

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.

1818.HK vs. 1787.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zhaojin Mining Industry Co Ltd (1818.HK) and Shandong Gold Mining Co Ltd (1787.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.

	1818.HK	1787.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	-0.14	+0.13
Sortino ratio: Return per unit of downside risk	0.37	0.20	+0.17
Omega ratio: Gain probability vs. loss probability	1.04	1.02	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.00	-0.14	+0.14
Martin ratio: Return relative to average drawdown	-0.01	-0.33	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1818.HK vs. 1787.HK - Sharpe Ratio Comparison

The current 1818.HK Sharpe Ratio is -0.00, which is higher than the 1787.HK Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of 1818.HK and 1787.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

	1818.HK	1787.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	-0.14	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.20	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.39	-0.18

Drawdowns

1818.HK vs. 1787.HK - Drawdown Comparison

The maximum 1818.HK drawdown since its inception was -90.07%, which is greater than 1787.HK's maximum drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for 1818.HK and 1787.HK.

Drawdown Indicators

	1818.HK	1787.HK	Difference
Max Drawdown Largest peak-to-trough decline	-90.07%	-55.53%	-34.54%
Max Drawdown (1Y) Largest decline over 1 year	-49.05%	-55.39%	+6.34%
Max Drawdown (3Y) Largest decline over 3 years	-49.05%	-55.39%	+6.34%
Max Drawdown (5Y) Largest decline over 5 years	-49.05%	-55.39%	+6.34%
Max Drawdown (10Y) Largest decline over 10 years	-54.26%	—	—
Current Drawdown Current decline from peak	-49.05%	-55.39%	+6.34%
Average Drawdown Average peak-to-trough decline	-42.72%	-28.14%	-14.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.82%	23.29%	-5.47%

Volatility

1818.HK vs. 1787.HK - Volatility Comparison

Zhaojin Mining Industry Co Ltd (1818.HK) has a higher volatility of 17.33% compared to Shandong Gold Mining Co Ltd (1787.HK) at 14.53%. This indicates that 1818.HK's price experiences larger fluctuations and is considered to be riskier than 1787.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1818.HK	1787.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.33%	14.53%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	40.26%	41.92%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	52.20%	56.30%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.19%	42.81%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.42%	43.86%	+0.56%

Dividends

1818.HK vs. 1787.HK - Dividend Comparison

1818.HK's dividend yield for the trailing twelve months is around 0.56%, less than 1787.HK's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1787.HK Shandong Gold Mining Co Ltd	1.53%	1.02%	1.92%	0.52%	0.41%	0.45%	0.86%	0.86%	0.00%	0.00%	0.00%	0.00%
1818.HK Zhaojin Mining Industry Co Ltd	0.56%	0.18%	0.40%	0.46%	0.00%	0.91%	0.47%	0.53%	0.92%	0.76%	0.71%	1.45%

Financials

Frequently Asked Questions

Can I hold both 1818.HK and 1787.HK in my portfolio?

1818.HK and 1787.HK have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.