1929.HK vs. 0388.HK

Last updated Jun 5, 2026

1929.HK (Chow Tai Fook Jewellery Group Ltd) and 0388.HK (Hong Kong Exchange and Clearing Ltd) are both stocks. 1929.HK operates in Luxury Goods (Consumer Cyclical), while 0388.HK operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, 1929.HK returned 11.80%/yr vs 10.45%/yr for 0388.HK. At a 0.39 correlation, their price movements are largely independent.

Performance

1929.HK vs. 0388.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Chow Tai Fook Jewellery Group Ltd (1929.HK) and Hong Kong Exchange and Clearing Ltd (0388.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1929.HK achieves a -7.59% return, which is significantly lower than 0388.HK's -0.10% return. Over the past 10 years, 1929.HK has outperformed 0388.HK with an annualized return of 11.80%, while 0388.HK has yielded a comparatively lower 10.45% annualized return.

1929.HK

• 1D: 0.17%
• 1M: 5.63%
• YTD: -7.59%
• 6M: -16.28%
• 1Y: 0.06%
• 3Y*: -1.84%
• 5Y*: -0.78%
• 10Y*: 11.80%

0388.HK

• 1D: -2.10%
• 1M: -4.84%
• YTD: -0.10%
• 6M: -0.06%
• 1Y: 1.83%
• 3Y*: 12.92%
• 5Y*: -0.80%
• 10Y*: 10.45%

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

1929.HK vs. 0388.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1929.HK Chow Tai Fook Jewellery Group Ltd	-7.59%	90.93%	-37.54%	-23.78%	17.33%	48.31%	34.95%	19.27%	-15.47%	41.92%
0388.HK Hong Kong Exchange and Clearing Ltd	-0.10%	42.10%	13.85%	-18.41%	-24.22%	9.26%	71.64%	14.65%	-2.86%	33.92%

Correlation

The correlation between 1929.HK and 0388.HK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 16, 2011	0.39

The correlation between 1929.HK and 0388.HK shifts across timeframes, from 0.39 (1 year) to 0.52 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

1929.HK vs. 0388.HK — Risk / Return Rank

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

1929.HK

1929.HK Risk / Return Rank: 39
1929.HK Sharpe Ratio Rank: 41
1929.HK Sortino Ratio Rank: 36
1929.HK Omega Ratio Rank: 36
1929.HK Calmar Ratio Rank: 41
1929.HK Martin Ratio Rank: 41

0388.HK

0388.HK Risk / Return Rank: 42
0388.HK Sharpe Ratio Rank: 46
0388.HK Sortino Ratio Rank: 38
0388.HK Omega Ratio Rank: 37
0388.HK Calmar Ratio Rank: 45
0388.HK Martin Ratio Rank: 45

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.

1929.HK vs. 0388.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chow Tai Fook Jewellery Group Ltd (1929.HK) and Hong Kong Exchange and Clearing Ltd (0388.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.

	1929.HK	0388.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.00	0.11	-0.11
Sortino ratio: Return per unit of downside risk	0.26	0.33	-0.06
Omega ratio: Gain probability vs. loss probability	1.03	1.04	0.00
Calmar ratio: Return relative to maximum drawdown	0.00	0.16	-0.16
Martin ratio: Return relative to average drawdown	0.00	0.32	-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.

1929.HK vs. 0388.HK - Sharpe Ratio Comparison

The current 1929.HK Sharpe Ratio is 0.00, which is lower than the 0388.HK Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of 1929.HK and 0388.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

	1929.HK	0388.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	0.11	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	-0.02	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.35	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.54	-0.48

Drawdowns

1929.HK vs. 0388.HK - Drawdown Comparison

The maximum 1929.HK drawdown since its inception was -68.90%, smaller than the maximum 0388.HK drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for 1929.HK and 0388.HK.

Drawdown Indicators

	1929.HK	0388.HK	Difference
Max Drawdown Largest peak-to-trough decline	-68.90%	-79.34%	+10.44%
Max Drawdown (1Y) Largest decline over 1 year	-35.66%	-15.18%	-20.48%
Max Drawdown (3Y) Largest decline over 3 years	-58.63%	-32.06%	-26.57%
Max Drawdown (5Y) Largest decline over 5 years	-63.70%	-60.01%	-3.69%
Max Drawdown (10Y) Largest decline over 10 years	-63.70%	-61.53%	-2.17%
Current Drawdown Current decline from peak	-29.97%	-18.17%	-11.80%
Average Drawdown Average peak-to-trough decline	-31.32%	-27.98%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.36%	7.53%	+10.83%

Volatility

1929.HK vs. 0388.HK - Volatility Comparison

Chow Tai Fook Jewellery Group Ltd (1929.HK) has a higher volatility of 11.98% compared to Hong Kong Exchange and Clearing Ltd (0388.HK) at 5.03%. This indicates that 1929.HK's price experiences larger fluctuations and is considered to be riskier than 0388.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1929.HK	0388.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.98%	5.03%	+6.95%
Volatility (6M) Calculated over the trailing 6-month period	27.16%	14.58%	+12.58%
Volatility (1Y) Calculated over the trailing 1-year period	37.90%	22.57%	+15.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.11%	34.15%	+8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.01%	30.56%	+8.45%

Dividends

1929.HK vs. 0388.HK - Dividend Comparison

1929.HK's dividend yield for the trailing twelve months is around 4.72%, more than 0388.HK's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0388.HK Hong Kong Exchange and Clearing Ltd	3.12%	2.67%	2.81%	3.06%	2.26%	2.01%	1.58%	2.68%	2.86%	1.91%	2.77%	2.63%
1929.HK Chow Tai Fook Jewellery Group Ltd	4.72%	4.36%	7.40%	4.56%	3.14%	3.28%	2.87%	4.30%	6.89%	2.68%	2.36%	4.60%

Financials

Frequently Asked Questions

Can I hold both 1929.HK and 0388.HK in my portfolio?

1929.HK and 0388.HK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.