1898.HK vs. SUBC.OL

Last updated Jun 5, 2026

1898.HK (China Coal Energy) and SUBC.OL (Subsea 7 S.A.) are both stocks. Both are in the Energy sector — 1898.HK in Thermal Coal, SUBC.OL in Oil & Gas Equipment & Services. Over the past 10 years, 1898.HK returned 19.00%/yr vs 17.78%/yr for SUBC.OL. At a 0.19 correlation, their price movements are largely independent.

Performance

1898.HK vs. SUBC.OL - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Coal Energy (1898.HK) and Subsea 7 S.A. (SUBC.OL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

1898.HK is traded in HKD, while SUBC.OL is traded in NOK. To make them comparable, the SUBC.OL 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 33.27% return, which is significantly lower than SUBC.OL's 76.17% return. Over the past 10 years, 1898.HK has outperformed SUBC.OL with an annualized return of 19.00%, while SUBC.OL has yielded a comparatively lower 17.78% annualized return.

1898.HK

• 1D: 0.30%
• 1M: -2.93%
• YTD: 33.27%
• 6M: 23.12%
• 1Y: 63.09%
• 3Y*: 37.45%
• 5Y*: 29.01%
• 10Y*: 19.00%

SUBC.OL

• 1D: -1.46%
• 1M: 0.33%
• YTD: 76.17%
• 6M: 79.44%
• 1Y: 105.56%
• 3Y*: 55.38%
• 5Y*: 31.26%
• 10Y*: 17.78%

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

1898.HK vs. SUBC.OL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1898.HK China Coal Energy	33.27%	12.63%	41.72%	20.54%	48.33%	99.49%	-18.77%	3.14%	-10.94%	-2.93%
SUBC.OL Subsea 7 S.A.	76.17%	37.31%	12.40%	30.53%	63.08%	-28.25%	-13.96%	24.22%	-32.46%	23.87%

Correlation

The correlation between 1898.HK and SUBC.OL is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008	0.19

The correlation between 1898.HK and SUBC.OL shifts across timeframes, from -0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

1898.HK vs. SUBC.OL — 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: 83
1898.HK Sharpe Ratio Rank: 85
1898.HK Sortino Ratio Rank: 83
1898.HK Omega Ratio Rank: 80
1898.HK Calmar Ratio Rank: 85
1898.HK Martin Ratio Rank: 83

SUBC.OL

SUBC.OL Risk / Return Rank: 95
SUBC.OL Sharpe Ratio Rank: 95
SUBC.OL Sortino Ratio Rank: 94
SUBC.OL Omega Ratio Rank: 93
SUBC.OL Calmar Ratio Rank: 96
SUBC.OL Martin Ratio Rank: 95

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. SUBC.OL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Coal Energy (1898.HK) and Subsea 7 S.A. (SUBC.OL). 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	SUBC.OL	Difference
Sharpe ratio: Return per unit of total volatility	1.73	3.53	-1.80
Sortino ratio: Return per unit of downside risk	2.53	3.98	-1.45
Omega ratio: Gain probability vs. loss probability	1.30	1.54	-0.23
Calmar ratio: Return relative to maximum drawdown	3.50	8.10	-4.60
Martin ratio: Return relative to average drawdown	7.69	21.14	-13.45
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. SUBC.OL - Sharpe Ratio Comparison

The current 1898.HK Sharpe Ratio is 1.73, which is lower than the SUBC.OL Sharpe Ratio of 3.53. The chart below compares the historical Sharpe Ratios of 1898.HK and SUBC.OL, 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

	1898.HK	SUBC.OL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	3.53	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.83	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.43	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.09	-0.06

Drawdowns

1898.HK vs. SUBC.OL - Drawdown Comparison

The maximum 1898.HK drawdown since its inception was -88.19%, roughly equal to the maximum SUBC.OL drawdown of -88.37%. Use the drawdown chart below to compare losses from any high point for 1898.HK and SUBC.OL.

Drawdown Indicators

	1898.HK	SUBC.OL	Difference
Max Drawdown Largest peak-to-trough decline	-88.19%	-88.37%	+0.18%
Max Drawdown (1Y) Largest decline over 1 year	-18.01%	-13.46%	-4.55%
Max Drawdown (3Y) Largest decline over 3 years	-32.58%	-33.13%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-41.75%	-38.19%	-3.56%
Max Drawdown (10Y) Largest decline over 10 years	-58.68%	-78.65%	+19.97%
Current Drawdown Current decline from peak	-10.89%	-5.42%	-5.47%
Average Drawdown Average peak-to-trough decline	-58.54%	-42.80%	-15.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.13%	5.13%	+3.00%

Volatility

1898.HK vs. SUBC.OL - Volatility Comparison

China Coal Energy (1898.HK) and Subsea 7 S.A. (SUBC.OL) have volatilities of 12.35% and 12.23%, 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

	1898.HK	SUBC.OL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	12.23%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	27.11%	26.03%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	36.63%	30.99%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.32%	37.83%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.01%	41.47%	-3.46%

Dividends

1898.HK vs. SUBC.OL - Dividend Comparison

1898.HK's dividend yield for the trailing twelve months is around 3.50%, less than SUBC.OL's 6.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1898.HK China Coal Energy	3.50%	4.67%	7.81%	6.41%	5.55%	3.58%	5.97%	2.87%	2.17%	1.26%	0.00%	1.02%
SUBC.OL Subsea 7 S.A.	6.13%	6.40%	3.33%	2.70%	0.88%	3.17%	0.00%	1.43%	5.93%	4.07%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 1898.HK and SUBC.OL in my portfolio?

1898.HK and SUBC.OL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.