2099.HK vs. 2899.HK

Last updated Jun 5, 2026

2099.HK (China Gold International Resources) and 2899.HK (Zijin Mining Group Co Ltd-H) are both stocks. Both are in the Basic Materials sector — 2099.HK in Other Precious Metals & Mining, 2899.HK in Gold. Over the past 10 years, 2099.HK returned 29.66%/yr vs 34.05%/yr for 2899.HK. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

2099.HK vs. 2899.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Gold International Resources (2099.HK) and Zijin Mining Group Co Ltd-H (2899.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2099.HK achieves a -2.55% return, which is significantly higher than 2899.HK's -6.56% return. Over the past 10 years, 2099.HK has underperformed 2899.HK with an annualized return of 29.66%, while 2899.HK has yielded a comparatively higher 34.05% annualized return.

2099.HK

• 1D: -3.15%
• 1M: -13.90%
• YTD: -2.55%
• 6M: -9.31%
• 1Y: 129.06%
• 3Y*: 68.32%
• 5Y*: 47.94%
• 10Y*: 29.66%

2899.HK

• 1D: -2.69%
• 1M: -10.67%
• YTD: -6.56%
• 6M: -3.14%
• 1Y: 87.29%
• 3Y*: 45.75%
• 5Y*: 26.64%
• 10Y*: 34.05%

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

2099.HK vs. 2899.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2099.HK China Gold International Resources	-2.55%	284.32%	22.94%	55.84%	15.69%	95.98%	55.65%	-24.05%	-32.38%	10.09%
2899.HK Zijin Mining Group Co Ltd-H	-6.56%	158.44%	13.36%	23.33%	16.65%	7.13%	134.01%	36.30%	3.91%	21.20%

Correlation

The correlation between 2099.HK and 2899.HK is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010	0.54

Over the past year, 2099.HK and 2899.HK have become more correlated (0.75) than their long-term average of 0.54, meaning their price movements have been converging.

Return for Risk

2099.HK vs. 2899.HK — Risk / Return Rank

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

2099.HK

2099.HK Risk / Return Rank: 85
2099.HK Sharpe Ratio Rank: 90
2099.HK Sortino Ratio Rank: 86
2099.HK Omega Ratio Rank: 83
2099.HK Calmar Ratio Rank: 84
2099.HK Martin Ratio Rank: 84

2899.HK

2899.HK Risk / Return Rank: 82
2899.HK Sharpe Ratio Rank: 86
2899.HK Sortino Ratio Rank: 81
2899.HK Omega Ratio Rank: 78
2899.HK Calmar Ratio Rank: 82
2899.HK Martin Ratio Rank: 82

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.

2099.HK vs. 2899.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Gold International Resources (2099.HK) and Zijin Mining Group Co Ltd-H (2899.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.

	2099.HK	2899.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.87	+0.43
Sortino ratio: Return per unit of downside risk	2.77	2.35	+0.42
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	3.32	2.96	+0.36
Martin ratio: Return relative to average drawdown	8.19	7.05	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2099.HK vs. 2899.HK - Sharpe Ratio Comparison

The current 2099.HK Sharpe Ratio is 2.30, which is comparable to the 2899.HK Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of 2099.HK and 2899.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

	2099.HK	2899.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.87	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.62	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.79	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.50	-0.31

Drawdowns

2099.HK vs. 2899.HK - Drawdown Comparison

The maximum 2099.HK drawdown since its inception was -92.85%, roughly equal to the maximum 2899.HK drawdown of -89.63%. Use the drawdown chart below to compare losses from any high point for 2099.HK and 2899.HK.

Drawdown Indicators

	2099.HK	2899.HK	Difference
Max Drawdown Largest peak-to-trough decline	-92.85%	-89.63%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-40.87%	-29.61%	-11.26%
Max Drawdown (3Y) Largest decline over 3 years	-51.29%	-29.61%	-21.68%
Max Drawdown (5Y) Largest decline over 5 years	-51.29%	-46.93%	-4.36%
Max Drawdown (10Y) Largest decline over 10 years	-84.27%	-48.85%	-35.42%
Current Drawdown Current decline from peak	-35.05%	-27.79%	-7.26%
Average Drawdown Average peak-to-trough decline	-50.77%	-39.54%	-11.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.36%	12.27%	+4.09%

Volatility

2099.HK vs. 2899.HK - Volatility Comparison

China Gold International Resources (2099.HK) and Zijin Mining Group Co Ltd-H (2899.HK) have volatilities of 14.89% and 14.52%, 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

	2099.HK	2899.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.89%	14.52%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	43.68%	35.39%	+8.29%
Volatility (1Y) Calculated over the trailing 1-year period	59.02%	46.88%	+12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.53%	44.16%	+11.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.74%	44.46%	+10.28%

Dividends

2099.HK vs. 2899.HK - Dividend Comparison

2099.HK's dividend yield for the trailing twelve months is around 1.82%, more than 2899.HK's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2099.HK China Gold International Resources	1.82%	0.15%	0.00%	8.71%	8.56%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
2899.HK Zijin Mining Group Co Ltd-H	0.72%	1.53%	2.33%	2.18%	2.20%	1.56%	1.25%	2.93%	3.74%	2.33%	2.83%	5.00%

Financials

Frequently Asked Questions

Can I hold both 2099.HK and 2899.HK in my portfolio?

2099.HK and 2899.HK have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.