1898.HK vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about China Coal Energy (1898.HK) and S&P 500 Index (^GSPC).

Performance

1898.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Coal Energy (1898.HK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

1898.HK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1898.HK China Coal Energy	31.66%	12.63%	41.72%	20.54%	48.33%	99.49%	-18.77%	3.14%	-10.94%	-2.93%
^GSPC S&P 500 Index	-3.29%	16.61%	22.67%	24.22%	-19.31%	27.58%	15.74%	28.20%	-6.03%	20.34%

Different Trading Currencies

1898.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 1898.HK achieves a 31.66% return, which is significantly higher than ^GSPC's -3.29% return. Over the past 10 years, 1898.HK has outperformed ^GSPC with an annualized return of 20.18%, while ^GSPC has yielded a comparatively lower 12.39% annualized return.

1898.HK

• 1D: -0.76%
• 1M: -2.96%
• YTD: 31.66%
• 6M: 41.01%
• 1Y: 69.03%
• 3Y*: 39.31%
• 5Y*: 36.84%
• 10Y*: 20.18%

^GSPC

• 1D: 0.00%
• 1M: -3.14%
• YTD: -3.29%
• 6M: -1.41%
• 1Y: 16.76%
• 3Y*: 16.75%
• 5Y*: 10.51%
• 10Y*: 12.39%

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

Return for Risk

1898.HK vs. ^GSPC — Risk / Return Rank

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

1898.HK

1898.HK Risk / Return Rank: 88
1898.HK Sharpe Ratio Rank: 89
1898.HK Sortino Ratio Rank: 87
1898.HK Omega Ratio Rank: 85
1898.HK Calmar Ratio Rank: 89
1898.HK Martin Ratio Rank: 88

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

1898.HK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Coal Energy (1898.HK) and S&P 500 Index (^GSPC). 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.

	1898.HK	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.95	0.92	+1.03
Sortino ratio Return per unit of downside risk	2.61	1.41	+1.20
Omega ratio Gain probability vs. loss probability	1.34	1.22	+0.13
Calmar ratio Return relative to maximum drawdown	3.78	1.43	+2.35
Martin ratio Return relative to average drawdown	9.93	6.73	+3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1898.HK vs. ^GSPC - Sharpe Ratio Comparison

The current 1898.HK Sharpe Ratio is 1.95, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of 1898.HK and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	1898.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.92	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.63	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.69	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.42	-0.38

Correlation

The correlation between 1898.HK and ^GSPC is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

1898.HK vs. ^GSPC - Drawdown Comparison

The maximum 1898.HK drawdown since its inception was -88.19%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 1898.HK and ^GSPC.

Drawdown Indicators

	1898.HK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-88.19%	-56.78%	-31.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.68%	-9.10%	-8.58%
Max Drawdown (5Y) Largest decline over 5 years	-41.75%	-25.43%	-16.32%
Max Drawdown (10Y) Largest decline over 10 years	-58.68%	-33.92%	-24.76%
Current Drawdown Current decline from peak	-11.96%	-5.67%	-6.29%
Average Drawdown Average peak-to-trough decline	-58.97%	-10.75%	-48.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	2.62%	+4.10%

Volatility

1898.HK vs. ^GSPC - Volatility Comparison

China Coal Energy (1898.HK) has a higher volatility of 12.49% compared to S&P 500 Index (^GSPC) at 5.23%. This indicates that 1898.HK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1898.HK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.49%	5.23%	+7.26%
Volatility (6M) Calculated over the trailing 6-month period	26.26%	9.52%	+16.74%
Volatility (1Y) Calculated over the trailing 1-year period	36.59%	18.31%	+18.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.67%	16.89%	+25.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.12%	18.01%	+20.11%