2343.HK vs. 1171.HK

Last updated Jun 5, 2026

2343.HK (Pacific Basin Shipping Ltd) and 1171.HK (Yankuang Energy Group Co Ltd HK) are both stocks. 2343.HK operates in Marine Shipping (Industrials), while 1171.HK operates in Thermal Coal (Energy). Over the past 10 years, 2343.HK returned 20.55%/yr vs 34.38%/yr for 1171.HK. At a 0.37 correlation, their price movements are largely independent.

Performance

2343.HK vs. 1171.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Pacific Basin Shipping Ltd (2343.HK) and Yankuang Energy Group Co Ltd HK (1171.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2343.HK achieves a 38.34% return, which is significantly lower than 1171.HK's 64.45% return. Over the past 10 years, 2343.HK has underperformed 1171.HK with an annualized return of 20.55%, while 1171.HK has yielded a comparatively higher 34.38% annualized return.

2343.HK

• 1D: -1.25%
• 1M: 0.32%
• YTD: 38.34%
• 6M: 17.64%
• 1Y: 70.86%
• 3Y*: 15.82%
• 5Y*: 13.97%
• 10Y*: 20.55%

1171.HK

• 1D: 0.64%
• 1M: 0.38%
• YTD: 64.45%
• 6M: 52.56%
• 1Y: 92.10%
• 3Y*: 33.81%
• 5Y*: 38.13%
• 10Y*: 34.38%

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

2343.HK vs. 1171.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2343.HK Pacific Basin Shipping Ltd	38.34%	47.41%	-33.57%	9.17%	24.18%	103.64%	-9.14%	12.58%	-10.75%	35.20%
1171.HK Yankuang Energy Group Co Ltd HK	64.45%	17.12%	-9.72%	20.44%	56.65%	167.52%	-2.20%	39.96%	-26.96%	76.17%

Correlation

The correlation between 2343.HK and 1171.HK is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 15, 2004	0.37

Over the past year, the correlation between 2343.HK and 1171.HK has dropped to 0.15 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

2343.HK vs. 1171.HK — Risk / Return Rank

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

2343.HK

2343.HK Risk / Return Rank: 82
2343.HK Sharpe Ratio Rank: 82
2343.HK Sortino Ratio Rank: 78
2343.HK Omega Ratio Rank: 81
2343.HK Calmar Ratio Rank: 85
2343.HK Martin Ratio Rank: 82

1171.HK

1171.HK Risk / Return Rank: 88
1171.HK Sharpe Ratio Rank: 90
1171.HK Sortino Ratio Rank: 89
1171.HK Omega Ratio Rank: 85
1171.HK Calmar Ratio Rank: 90
1171.HK Martin Ratio Rank: 88

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.

2343.HK vs. 1171.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Basin Shipping Ltd (2343.HK) and Yankuang Energy Group Co Ltd HK (1171.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.

	2343.HK	1171.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.21	-0.70
Sortino ratio: Return per unit of downside risk	2.16	3.08	-0.92
Omega ratio: Gain probability vs. loss probability	1.31	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	3.41	4.41	-0.99
Martin ratio: Return relative to average drawdown	7.32	10.48	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2343.HK vs. 1171.HK - Sharpe Ratio Comparison

The current 2343.HK Sharpe Ratio is 1.51, which is lower than the 1171.HK Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of 2343.HK and 1171.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

	2343.HK	1171.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.21	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.81	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.77	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.35	-0.24

Drawdowns

2343.HK vs. 1171.HK - Drawdown Comparison

The maximum 2343.HK drawdown since its inception was -94.61%, which is greater than 1171.HK's maximum drawdown of -89.97%. Use the drawdown chart below to compare losses from any high point for 2343.HK and 1171.HK.

Drawdown Indicators

	2343.HK	1171.HK	Difference
Max Drawdown Largest peak-to-trough decline	-94.61%	-89.97%	-4.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.83%	-19.63%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-48.19%	-45.01%	-3.18%
Max Drawdown (5Y) Largest decline over 5 years	-52.32%	-45.01%	-7.31%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	-56.48%	-4.97%
Current Drawdown Current decline from peak	-56.83%	-5.89%	-50.94%
Average Drawdown Average peak-to-trough decline	-65.79%	-39.52%	-26.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	8.50%	+0.64%

Volatility

2343.HK vs. 1171.HK - Volatility Comparison

The current volatility for Pacific Basin Shipping Ltd (2343.HK) is 10.54%, while Yankuang Energy Group Co Ltd HK (1171.HK) has a volatility of 13.59%. This indicates that 2343.HK experiences smaller price fluctuations and is considered to be less risky than 1171.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2343.HK	1171.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	13.59%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	28.46%	29.01%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	44.90%	39.21%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.43%	48.84%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.17%	46.24%	-0.07%

Dividends

2343.HK vs. 1171.HK - Dividend Comparison

2343.HK's dividend yield for the trailing twelve months is around 2.41%, less than 1171.HK's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1171.HK Yankuang Energy Group Co Ltd HK	1.25%	8.17%	23.53%	33.73%	1.97%	4.69%	10.23%	24.63%	9.34%	1.50%	0.22%	0.69%
2343.HK Pacific Basin Shipping Ltd	2.41%	2.88%	5.98%	12.65%	42.42%	4.90%	1.44%	2.26%	1.68%	0.00%	0.00%	0.03%

Financials

Frequently Asked Questions

Can I hold both 2343.HK and 1171.HK in my portfolio?

2343.HK and 1171.HK have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.