2328.HK vs. ESEA

Last updated Jun 10, 2026

2328.HK (PICC Property & Casualty-H) and ESEA (Euroseas Ltd) are both stocks. 2328.HK operates in Insurance - Property & Casualty (Financial Services), while ESEA operates in Marine Shipping (Industrials). Over the past 10 years, 2328.HK returned 14.87%/yr vs 23.19%/yr for ESEA. At a 0.07 correlation, their price movements are largely independent.

Performance

2328.HK vs. ESEA - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in PICC Property & Casualty-H (2328.HK) and Euroseas Ltd (ESEA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2328.HK is traded in HKD, while ESEA is traded in USD. To make them comparable, the ESEA values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2328.HK achieves a -9.35% return, which is significantly lower than ESEA's 24.81% return. Over the past 10 years, 2328.HK has underperformed ESEA with an annualized return of 14.87%, while ESEA has yielded a comparatively higher 23.19% annualized return.

2328.HK

• 1D: 0.88%
• 1M: -0.34%
• YTD: -9.35%
• 6M: -12.61%
• 1Y: 2.56%
• 3Y*: 22.13%
• 5Y*: 21.63%
• 10Y*: 14.87%

ESEA

• 1D: 0.00%
• 1M: -8.49%
• YTD: 24.81%
• 6M: 15.85%
• 1Y: 70.01%
• 3Y*: 77.02%
• 5Y*: 40.67%
• 10Y*: 23.19%

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

2328.HK vs. ESEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2328.HK PICC Property & Casualty-H	-9.35%	38.62%	42.41%	32.72%	23.44%	15.71%	-32.88%	21.68%	23.90%	29.46%
ESEA Euroseas Ltd	24.81%	141.41%	22.96%	83.36%	-20.89%	361.24%	32.82%	-27.70%	-58.73%	1.36%

Correlation

The correlation between 2328.HK and ESEA is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 10, 2007	0.07

The correlation between 2328.HK and ESEA shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

2328.HK vs. ESEA — Risk / Return Rank

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

2328.HK

2328.HK Risk / Return Rank: 43
2328.HK Sharpe Ratio Rank: 47
2328.HK Sortino Ratio Rank: 41
2328.HK Omega Ratio Rank: 39
2328.HK Calmar Ratio Rank: 45
2328.HK Martin Ratio Rank: 45

ESEA

ESEA Risk / Return Rank: 84
ESEA Sharpe Ratio Rank: 85
ESEA Sortino Ratio Rank: 79
ESEA Omega Ratio Rank: 80
ESEA Calmar Ratio Rank: 89
ESEA Martin Ratio Rank: 85

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.

2328.HK vs. ESEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PICC Property & Casualty-H (2328.HK) and Euroseas Ltd (ESEA). 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.

	2328.HK	ESEA	Difference
Sharpe ratio: Return per unit of total volatility	0.09	1.59	-1.49
Sortino ratio: Return per unit of downside risk	0.34	2.08	-1.74
Omega ratio: Gain probability vs. loss probability	1.04	1.28	-0.24
Calmar ratio: Return relative to maximum drawdown	0.10	3.89	-3.80
Martin ratio: Return relative to average drawdown	0.18	7.97	-7.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2328.HK vs. ESEA - Sharpe Ratio Comparison

The current 2328.HK Sharpe Ratio is 0.09, which is lower than the ESEA Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of 2328.HK and ESEA, 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

	2328.HK	ESEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	1.59	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.74	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.25	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.11	+0.54

Drawdowns

2328.HK vs. ESEA - Drawdown Comparison

The maximum 2328.HK drawdown since its inception was -89.31%, smaller than the maximum ESEA drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for 2328.HK and ESEA.

Drawdown Indicators

	2328.HK	ESEA	Difference
Max Drawdown Largest peak-to-trough decline	-89.31%	-99.84%	+10.53%
Max Drawdown (1Y) Largest decline over 1 year	-27.54%	-18.07%	-9.47%
Max Drawdown (3Y) Largest decline over 3 years	-27.54%	-37.76%	+10.22%
Max Drawdown (5Y) Largest decline over 5 years	-27.54%	-50.87%	+23.33%
Max Drawdown (10Y) Largest decline over 10 years	-44.62%	-95.54%	+50.92%
Current Drawdown Current decline from peak	-23.08%	-87.27%	+64.19%
Average Drawdown Average peak-to-trough decline	-24.64%	-87.84%	+63.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.09%	8.81%	+5.28%

Volatility

2328.HK vs. ESEA - Volatility Comparison

The current volatility for PICC Property & Casualty-H (2328.HK) is 7.09%, while Euroseas Ltd (ESEA) has a volatility of 17.83%. This indicates that 2328.HK experiences smaller price fluctuations and is considered to be less risky than ESEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2328.HK	ESEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	17.83%	-10.74%
Volatility (6M) Calculated over the trailing 6-month period	20.05%	33.15%	-13.10%
Volatility (1Y) Calculated over the trailing 1-year period	27.88%	44.39%	-16.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.23%	55.49%	-25.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.67%	94.63%	-60.96%

Dividends

2328.HK vs. ESEA - Dividend Comparison

2328.HK's dividend yield for the trailing twelve months is around 4.23%, less than ESEA's 5.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2328.HK PICC Property & Casualty-H	4.23%	3.83%	6.22%	5.65%	6.41%	7.13%	8.59%	3.29%	3.43%	3.54%	4.46%	3.33%
ESEA Euroseas Ltd	5.37%	16.23%	6.63%	6.42%	8.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 2328.HK and ESEA in my portfolio?

2328.HK and ESEA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.