2318.HK vs. SAABY

Last updated Jun 13, 2026

2318.HK (Ping An Insurance) and SAABY (Saab AB (publ)) are both stocks. 2318.HK operates in Insurance - Life (Financial Services), while SAABY operates in Aerospace & Defense (Industrials). Over the past 5 years, 2318.HK returned -1.11%/yr vs 51.01%/yr for SAABY. At a correlation of -0.01, they often move in opposite directions.

Performance

2318.HK vs. SAABY - Performance Comparison

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

Different Trading Currencies

2318.HK is traded in HKD, while SAABY is traded in USD. To make them comparable, the SAABY 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 lower than SAABY's -3.95% 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%

SAABY

• 1D: -3.71%
• 1M: 4.78%
• YTD: -3.95%
• 6M: 1.66%
• 1Y: 14.65%
• 3Y*: 60.01%
• 5Y*: 51.01%
• 10Y*: —

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

2318.HK vs. SAABY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
2318.HK Ping An Insurance	-9.25%	49.42%	39.68%	-27.80%	-2.29%	-38.58%	26.52%
SAABY Saab AB (publ)	-3.95%	178.10%	39.13%	47.05%	67.56%	-48.52%	82.58%

Correlation

The correlation between 2318.HK and SAABY is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020	-0.01

Return for Risk

2318.HK vs. SAABY — 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

SAABY

SAABY Risk / Return Rank: 54
SAABY Sharpe Ratio Rank: 56
SAABY Sortino Ratio Rank: 53
SAABY Omega Ratio Rank: 50
SAABY Calmar Ratio Rank: 54
SAABY Martin Ratio Rank: 56

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. SAABY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ping An Insurance (2318.HK) and Saab AB (publ) (SAABY). 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	SAABY	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.36	+0.50
Sortino ratio: Return per unit of downside risk	1.41	0.87	+0.54
Omega ratio: Gain probability vs. loss probability	1.17	1.10	+0.07
Calmar ratio: Return relative to maximum drawdown	1.13	0.46	+0.67
Martin ratio: Return relative to average drawdown	2.65	1.14	+1.51

2318.HK vs. SAABY - Sharpe Ratio Comparison

The current 2318.HK Sharpe Ratio is 0.86, which is higher than the SAABY Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of 2318.HK and SAABY, 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. SAABY - Drawdown Comparison

The maximum 2318.HK drawdown since its inception was -78.96%, which is greater than SAABY's maximum drawdown of -52.56%. Use the drawdown chart below to compare losses from any high point for 2318.HK and SAABY.

Drawdown Indicators

	2318.HK	SAABY	Difference
Max Drawdown Largest peak-to-trough decline	-78.96%	-52.56%	-26.40%
Max Drawdown (1Y) Largest decline over 1 year	-21.72%	-36.79%	+15.07%
Max Drawdown (3Y) Largest decline over 3 years	-45.88%	-36.79%	-9.09%
Max Drawdown (5Y) Largest decline over 5 years	-57.33%	-36.79%	-20.54%
Max Drawdown (10Y) Largest decline over 10 years	-66.38%	—	—
Current Drawdown Current decline from peak	-24.37%	-31.60%	+7.23%
Average Drawdown Average peak-to-trough decline	-30.37%	-16.90%	-13.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.19%	14.89%	-5.70%

Volatility

2318.HK vs. SAABY - Volatility Comparison

The current volatility for Ping An Insurance (2318.HK) is 3.60%, while Saab AB (publ) (SAABY) has a volatility of 15.37%. This indicates that 2318.HK experiences smaller price fluctuations and is considered to be less risky than SAABY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2318.HK	SAABY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	15.37%	-11.77%
Volatility (6M) Calculated over the trailing 6-month period	22.35%	33.17%	-10.82%
Volatility (1Y) Calculated over the trailing 1-year period	28.62%	47.87%	-19.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.50%	47.05%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.15%	57.49%	-24.34%

Dividends

2318.HK vs. SAABY - Dividend Comparison

2318.HK's dividend yield for the trailing twelve months is around 5.34%, more than SAABY's 0.43% 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%
SAABY Saab AB (publ)	0.43%	0.36%	0.73%	0.84%	1.24%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

2318.HK and SAABY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.