2331.HK vs. 1368.HK

Last updated Apr 2, 2026

Compare and contrast key facts about Li Ning Co Ltd (2331.HK) and Xtep International Holdings Ltd (1368.HK).

Performance

2331.HK vs. 1368.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Li Ning Co Ltd (2331.HK) and Xtep International Holdings Ltd (1368.HK). The values are adjusted to include any dividend payments, if applicable.

2331.HK vs. 1368.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2331.HK Li Ning Co Ltd	16.34%	17.45%	-18.00%	-68.50%	-19.94%	60.80%	129.63%	179.92%	32.70%	29.98%
1368.HK Xtep International Holdings Ltd	-14.31%	-1.48%	34.01%	-47.95%	-31.40%	242.81%	-1.40%	2.20%	43.65%	-2.63%

Returns By Period

In the year-to-date period, 2331.HK achieves a 16.34% return, which is significantly higher than 1368.HK's -14.31% return. Over the past 10 years, 2331.HK has outperformed 1368.HK with an annualized return of 21.32%, while 1368.HK has yielded a comparatively lower 4.72% annualized return.

2331.HK

• 1D: 1.50%
• 1M: -1.09%
• YTD: 16.34%
• 6M: 23.13%
• 1Y: 42.52%
• 3Y*: -27.17%
• 5Y*: -14.07%
• 10Y*: 21.32%

1368.HK

• 1D: 1.79%
• 1M: -13.17%
• YTD: -14.31%
• 6M: -22.09%
• 1Y: -6.28%
• 3Y*: -19.96%
• 5Y*: 3.19%
• 10Y*: 4.72%

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

Return for Risk

2331.HK vs. 1368.HK — Risk / Return Rank

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

2331.HK

2331.HK Risk / Return Rank: 74
2331.HK Sharpe Ratio Rank: 79
2331.HK Sortino Ratio Rank: 76
2331.HK Omega Ratio Rank: 72
2331.HK Calmar Ratio Rank: 73
2331.HK Martin Ratio Rank: 69

1368.HK

1368.HK Risk / Return Rank: 29
1368.HK Sharpe Ratio Rank: 32
1368.HK Sortino Ratio Rank: 27
1368.HK Omega Ratio Rank: 27
1368.HK Calmar Ratio Rank: 31
1368.HK Martin Ratio Rank: 28

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.

2331.HK vs. 1368.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Li Ning Co Ltd (2331.HK) and Xtep International Holdings Ltd (1368.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.

	2331.HK	1368.HK	Difference
Sharpe ratio Return per unit of total volatility	1.27	-0.19	+1.46
Sortino ratio Return per unit of downside risk	1.91	-0.04	+1.95
Omega ratio Gain probability vs. loss probability	1.23	0.99	+0.24
Calmar ratio Return relative to maximum drawdown	1.72	-0.30	+2.03
Martin ratio Return relative to average drawdown	3.48	-0.69	+4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2331.HK vs. 1368.HK - Sharpe Ratio Comparison

The current 2331.HK Sharpe Ratio is 1.27, which is higher than the 1368.HK Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of 2331.HK and 1368.HK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	2331.HK	1368.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	-0.19	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.06	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.10	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.12	+0.14

Correlation

The correlation between 2331.HK and 1368.HK is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

2331.HK vs. 1368.HK - Dividend Comparison

2331.HK's dividend yield for the trailing twelve months is around 2.74%, less than 1368.HK's 6.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2331.HK Li Ning Co Ltd	2.74%	3.18%	3.74%	4.32%	0.79%	0.29%	0.32%	0.43%	0.00%	0.00%	0.00%	0.00%
1368.HK Xtep International Holdings Ltd	6.04%	5.18%	4.18%	4.72%	3.05%	1.46%	3.62%	5.31%	3.53%	3.69%	4.29%	3.63%

Drawdowns

2331.HK vs. 1368.HK - Drawdown Comparison

The maximum 2331.HK drawdown since its inception was -89.67%, which is greater than 1368.HK's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for 2331.HK and 1368.HK.

Drawdown Indicators

	2331.HK	1368.HK	Difference
Max Drawdown Largest peak-to-trough decline	-89.67%	-75.46%	-14.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-31.78%	+15.24%
Max Drawdown (5Y) Largest decline over 5 years	-87.34%	-75.46%	-11.88%
Max Drawdown (10Y) Largest decline over 10 years	-87.34%	-75.46%	-11.88%
Current Drawdown Current decline from peak	-77.61%	-66.73%	-10.88%
Average Drawdown Average peak-to-trough decline	-49.33%	-38.76%	-10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	13.89%	-4.64%

Volatility

2331.HK vs. 1368.HK - Volatility Comparison

Li Ning Co Ltd (2331.HK) and Xtep International Holdings Ltd (1368.HK) have volatilities of 12.96% and 12.63%, 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

	2331.HK	1368.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	12.63%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	25.61%	20.15%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	34.54%	33.46%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.13%	55.78%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.02%	49.73%	-1.71%

Financials