1997.HK vs. 0017.HK

Last updated Jun 5, 2026

1997.HK (Wharf Real Estate Investment Co Ltd) and 0017.HK (New World Development Co Ltd) are both stocks. Both are in the Real Estate sector — 1997.HK in Real Estate - Services, 0017.HK in Real Estate - Diversified. Over the past 5 years, 1997.HK returned -8.24%/yr vs -25.38%/yr for 0017.HK. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

1997.HK vs. 0017.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Wharf Real Estate Investment Co Ltd (1997.HK) and New World Development Co Ltd (0017.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1997.HK achieves a -3.53% return, which is significantly lower than 0017.HK's 5.78% return.

1997.HK

• 1D: -1.54%
• 1M: -7.91%
• YTD: -3.53%
• 6M: -4.54%
• 1Y: 20.78%
• 3Y*: -12.42%
• 5Y*: -8.24%
• 10Y*: —

0017.HK

• 1D: -2.41%
• 1M: -15.31%
• YTD: 5.78%
• 6M: 8.16%
• 1Y: 67.54%
• 3Y*: -25.76%
• 5Y*: -25.38%
• 10Y*: -8.78%

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

1997.HK vs. 0017.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1997.HK Wharf Real Estate Investment Co Ltd	-3.53%	31.32%	-20.62%	-39.97%	18.96%	1.47%	-10.34%	5.81%	-6.44%	4.00%
0017.HK New World Development Co Ltd	5.78%	40.89%	-56.48%	-42.63%	-21.16%	-9.41%	-10.94%	7.94%	-7.78%	2.98%

Correlation

The correlation between 1997.HK and 0017.HK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017	0.55

The correlation between 1997.HK and 0017.HK has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

1997.HK vs. 0017.HK — Risk / Return Rank

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

1997.HK

1997.HK Risk / Return Rank: 62
1997.HK Sharpe Ratio Rank: 66
1997.HK Sortino Ratio Rank: 60
1997.HK Omega Ratio Rank: 57
1997.HK Calmar Ratio Rank: 63
1997.HK Martin Ratio Rank: 64

0017.HK

0017.HK Risk / Return Rank: 76
0017.HK Sharpe Ratio Rank: 78
0017.HK Sortino Ratio Rank: 77
0017.HK Omega Ratio Rank: 73
0017.HK Calmar Ratio Rank: 77
0017.HK Martin Ratio Rank: 74

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.

1997.HK vs. 0017.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wharf Real Estate Investment Co Ltd (1997.HK) and New World Development Co Ltd (0017.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.

	1997.HK	0017.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.27	-0.50
Sortino ratio: Return per unit of downside risk	1.24	2.08	-0.84
Omega ratio: Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio: Return relative to maximum drawdown	1.07	2.21	-1.13
Martin ratio: Return relative to average drawdown	2.65	4.80	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1997.HK vs. 0017.HK - Sharpe Ratio Comparison

The current 1997.HK Sharpe Ratio is 0.78, which is lower than the 0017.HK Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of 1997.HK and 0017.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

	1997.HK	0017.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.27	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.58	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	-0.13	-0.02

Drawdowns

1997.HK vs. 0017.HK - Drawdown Comparison

The maximum 1997.HK drawdown since its inception was -64.36%, smaller than the maximum 0017.HK drawdown of -92.43%. Use the drawdown chart below to compare losses from any high point for 1997.HK and 0017.HK.

Drawdown Indicators

	1997.HK	0017.HK	Difference
Max Drawdown Largest peak-to-trough decline	-64.36%	-92.43%	+28.07%
Max Drawdown (1Y) Largest decline over 1 year	-21.73%	-32.43%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-56.53%	-79.66%	+23.13%
Max Drawdown (5Y) Largest decline over 5 years	-59.66%	-88.22%	+28.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.09%	—
Current Drawdown Current decline from peak	-48.37%	-85.59%	+37.22%
Average Drawdown Average peak-to-trough decline	-32.86%	-56.40%	+23.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.69%	14.73%	-6.04%

Volatility

1997.HK vs. 0017.HK - Volatility Comparison

The current volatility for Wharf Real Estate Investment Co Ltd (1997.HK) is 8.53%, while New World Development Co Ltd (0017.HK) has a volatility of 13.97%. This indicates that 1997.HK experiences smaller price fluctuations and is considered to be less risky than 0017.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1997.HK	0017.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	13.97%	-5.44%
Volatility (6M) Calculated over the trailing 6-month period	19.80%	40.47%	-20.67%
Volatility (1Y) Calculated over the trailing 1-year period	30.11%	56.34%	-26.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.47%	44.95%	-12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.05%	36.51%	-3.46%

Dividends

1997.HK vs. 0017.HK - Dividend Comparison

1997.HK's dividend yield for the trailing twelve months is around 5.73%, while 0017.HK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0017.HK New World Development Co Ltd	0.00%	0.00%	3.88%	6.27%	9.36%	6.68%	5.65%	4.78%	4.63%	3.92%	5.37%	5.48%
1997.HK Wharf Real Estate Investment Co Ltd	5.73%	5.13%	6.29%	4.85%	2.95%	3.43%	4.24%	4.52%	4.27%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 1997.HK and 0017.HK in my portfolio?

1997.HK and 0017.HK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.