2318.HK vs. GFI

Last updated Jun 13, 2026

2318.HK (Ping An Insurance) and GFI (Gold Fields Limited) are both stocks. 2318.HK operates in Insurance - Life (Financial Services), while GFI operates in Gold (Basic Materials). Over the past 10 years, 2318.HK returned 9.85%/yr vs 27.57%/yr for GFI. At a 0.02 correlation, their price movements are largely independent.

Performance

2318.HK vs. GFI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Ping An Insurance (2318.HK) and Gold Fields Limited (GFI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2318.HK is traded in HKD, while GFI is traded in USD. To make them comparable, the GFI values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2318.HK achieves a -9.25% return, which is significantly higher than GFI's -13.39% return. Over the past 10 years, 2318.HK has underperformed GFI with an annualized return of 9.85%, while GFI has yielded a comparatively higher 27.57% annualized return.

2318.HK

• 1D: 0.53%
• 1M: -6.89%
• YTD: -9.25%
• 6M: -7.25%
• 1Y: 26.25%
• 3Y*: 9.47%
• 5Y*: -1.11%
• 10Y*: 9.85%

GFI

• 1D: 1.66%
• 1M: -17.23%
• YTD: -13.39%
• 6M: -13.06%
• 1Y: 47.40%
• 3Y*: 39.19%
• 5Y*: 32.28%
• 10Y*: 27.57%

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

2318.HK vs. GFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2318.HK Ping An Insurance	-9.25%	49.42%	39.68%	-27.80%	-2.29%	-38.58%	6.19%	36.50%	-13.93%	114.12%
GFI Gold Fields Limited	-13.39%	241.08%	-6.76%	44.88%	-2.45%	24.00%	42.38%	88.47%	-16.57%	46.41%

Correlation

The correlation between 2318.HK and GFI is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Aug 24, 2007	0.02

Return for Risk

2318.HK vs. GFI — Risk / Return Rank

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

2318.HK

2318.HK Risk / Return Rank: 66
2318.HK Sharpe Ratio Rank: 70
2318.HK Sortino Ratio Rank: 66
2318.HK Omega Ratio Rank: 63
2318.HK Calmar Ratio Rank: 65
2318.HK Martin Ratio Rank: 66

GFI

GFI Risk / Return Rank: 67
GFI Sharpe Ratio Rank: 70
GFI Sortino Ratio Rank: 66
GFI Omega Ratio Rank: 66
GFI Calmar Ratio Rank: 66
GFI Martin Ratio Rank: 68

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.

2318.HK vs. GFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ping An Insurance (2318.HK) and Gold Fields Limited (GFI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	2318.HK	GFI	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.84	+0.02
Sortino ratio: Return per unit of downside risk	1.41	1.40	0.00
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.13	1.15	-0.02
Martin ratio: Return relative to average drawdown	2.65	3.07	-0.42

2318.HK vs. GFI - Sharpe Ratio Comparison

The current 2318.HK Sharpe Ratio is 0.86, which is comparable to the GFI Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of 2318.HK and GFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

2318.HK vs. GFI - Drawdown Comparison

The maximum 2318.HK drawdown since its inception was -78.96%, smaller than the maximum GFI drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for 2318.HK and GFI.

Drawdown Indicators

	2318.HK	GFI	Difference
Max Drawdown Largest peak-to-trough decline	-78.96%	-88.08%	+9.12%
Max Drawdown (1Y) Largest decline over 1 year	-21.72%	-43.64%	+21.92%
Max Drawdown (3Y) Largest decline over 3 years	-45.88%	-43.64%	-2.24%
Max Drawdown (5Y) Largest decline over 5 years	-57.33%	-56.07%	-1.26%
Max Drawdown (10Y) Largest decline over 10 years	-66.38%	-62.66%	-3.72%
Current Drawdown Current decline from peak	-24.37%	-38.66%	+14.29%
Average Drawdown Average peak-to-trough decline	-30.37%	-44.26%	+13.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.19%	16.36%	-7.17%

Volatility

2318.HK vs. GFI - Volatility Comparison

The current volatility for Ping An Insurance (2318.HK) is 3.60%, while Gold Fields Limited (GFI) has a volatility of 17.70%. This indicates that 2318.HK experiences smaller price fluctuations and is considered to be less risky than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2318.HK	GFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	17.70%	-14.10%
Volatility (6M) Calculated over the trailing 6-month period	22.35%	46.44%	-24.09%
Volatility (1Y) Calculated over the trailing 1-year period	28.62%	59.98%	-31.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.50%	52.37%	-11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.15%	54.89%	-21.74%

Dividends

2318.HK vs. GFI - Dividend Comparison

2318.HK's dividend yield for the trailing twelve months is around 5.34%, more than GFI's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2318.HK Ping An Insurance	5.34%	4.30%	5.80%	7.68%	5.55%	4.86%	2.44%	2.30%	1.38%	1.50%	1.67%	1.24%
GFI Gold Fields Limited	5.04%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%

Financials

Frequently Asked Questions

Can I hold both 2318.HK and GFI in my portfolio?

2318.HK and GFI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.