2273.HK vs. 3998.HK

Last updated Jun 5, 2026

2273.HK (Gushengtang Holdings Ltd) and 3998.HK (Bosideng International Holdings Ltd) are both stocks. 2273.HK operates in Medical Care Facilities (Healthcare), while 3998.HK operates in Apparel Manufacturing (Consumer Cyclical). Over the past 3 years, 2273.HK returned -17.71%/yr vs 14.54%/yr for 3998.HK. At a 0.30 correlation, their price movements are largely independent.

Performance

2273.HK vs. 3998.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Gushengtang Holdings Ltd (2273.HK) and Bosideng International Holdings Ltd (3998.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2273.HK achieves a -4.89% return, which is significantly lower than 3998.HK's -1.12% return.

2273.HK

• 1D: 0.83%
• 1M: -8.46%
• YTD: -4.89%
• 6M: -5.76%
• 1Y: -27.70%
• 3Y*: -17.71%
• 5Y*: —
• 10Y*: —

3998.HK

• 1D: -1.78%
• 1M: 2.32%
• YTD: -1.12%
• 6M: -9.53%
• 1Y: 6.83%
• 3Y*: 14.54%
• 5Y*: 5.21%
• 10Y*: 27.13%

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

2273.HK vs. 3998.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
2273.HK Gushengtang Holdings Ltd	-4.89%	-14.65%	-32.70%	0.69%	23.47%	41.03%
3998.HK Bosideng International Holdings Ltd	-1.12%	21.65%	18.38%	0.43%	-21.19%	-2.45%

Correlation

The correlation between 2273.HK and 3998.HK is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021	0.30

Over the past year, the correlation between 2273.HK and 3998.HK has dropped to 0.05 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

2273.HK vs. 3998.HK — Risk / Return Rank

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

2273.HK

2273.HK Risk / Return Rank: 10
2273.HK Sharpe Ratio Rank: 9
2273.HK Sortino Ratio Rank: 10
2273.HK Omega Ratio Rank: 12
2273.HK Calmar Ratio Rank: 10
2273.HK Martin Ratio Rank: 11

3998.HK

3998.HK Risk / Return Rank: 46
3998.HK Sharpe Ratio Rank: 51
3998.HK Sortino Ratio Rank: 43
3998.HK Omega Ratio Rank: 43
3998.HK Calmar Ratio Rank: 48
3998.HK Martin Ratio Rank: 48

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.

2273.HK vs. 3998.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gushengtang Holdings Ltd (2273.HK) and Bosideng International Holdings Ltd (3998.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.

	2273.HK	3998.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	0.25	-1.06
Sortino ratio: Return per unit of downside risk	-1.12	0.53	-1.65
Omega ratio: Gain probability vs. loss probability	0.88	1.07	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.82	0.29	-1.12
Martin ratio: Return relative to average drawdown	-1.32	0.64	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2273.HK vs. 3998.HK - Sharpe Ratio Comparison

The current 2273.HK Sharpe Ratio is -0.82, which is lower than the 3998.HK Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of 2273.HK and 3998.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

	2273.HK	3998.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	0.25	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.15	-0.16

Drawdowns

2273.HK vs. 3998.HK - Drawdown Comparison

The maximum 2273.HK drawdown since its inception was -56.64%, smaller than the maximum 3998.HK drawdown of -85.06%. Use the drawdown chart below to compare losses from any high point for 2273.HK and 3998.HK.

Drawdown Indicators

	2273.HK	3998.HK	Difference
Max Drawdown Largest peak-to-trough decline	-56.64%	-85.06%	+28.42%
Max Drawdown (1Y) Largest decline over 1 year	-32.03%	-23.02%	-9.01%
Max Drawdown (3Y) Largest decline over 3 years	-51.13%	-27.67%	-23.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.76%	—
Current Drawdown Current decline from peak	-53.70%	-18.47%	-35.23%
Average Drawdown Average peak-to-trough decline	-31.54%	-45.67%	+14.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.69%	10.43%	+9.26%

Volatility

2273.HK vs. 3998.HK - Volatility Comparison

Gushengtang Holdings Ltd (2273.HK) and Bosideng International Holdings Ltd (3998.HK) have volatilities of 8.43% and 8.27%, 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

	2273.HK	3998.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	8.27%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	23.08%	19.61%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	32.37%	27.39%	+4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.93%	38.44%	+17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.93%	43.22%	+12.71%

Dividends

2273.HK vs. 3998.HK - Dividend Comparison

2273.HK's dividend yield for the trailing twelve months is around 2.83%, less than 3998.HK's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2273.HK Gushengtang Holdings Ltd	2.83%	2.70%	0.38%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
3998.HK Bosideng International Holdings Ltd	6.42%	6.35%	6.68%	5.27%	4.85%	2.95%	2.41%	3.20%	3.04%	4.41%	3.88%	3.28%

Financials

Frequently Asked Questions

Can I hold both 2273.HK and 3998.HK in my portfolio?

2273.HK and 3998.HK have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.