2388.HK vs. 0388.HK

Last updated Jun 5, 2026

2388.HK (BOC Hong Kong Holdings Ltd) and 0388.HK (Hong Kong Exchange and Clearing Ltd) are both stocks. Both are in the Financial Services sector — 2388.HK in Banks - Regional, 0388.HK in Financial Data & Stock Exchanges. Over the past 10 years, 2388.HK returned 12.45%/yr vs 10.45%/yr for 0388.HK. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

2388.HK vs. 0388.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in BOC Hong Kong Holdings Ltd (2388.HK) and Hong Kong Exchange and Clearing Ltd (0388.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2388.HK achieves a 20.95% return, which is significantly higher than 0388.HK's -0.10% return. Over the past 10 years, 2388.HK has outperformed 0388.HK with an annualized return of 12.45%, while 0388.HK has yielded a comparatively lower 10.45% annualized return.

2388.HK

• 1D: -0.80%
• 1M: 4.79%
• YTD: 20.95%
• 6M: 27.69%
• 1Y: 49.68%
• 3Y*: 34.37%
• 5Y*: 16.99%
• 10Y*: 12.45%

0388.HK

• 1D: -2.10%
• 1M: -4.84%
• YTD: -0.10%
• 6M: -0.06%
• 1Y: 1.83%
• 3Y*: 12.92%
• 5Y*: -0.80%
• 10Y*: 10.45%

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

2388.HK vs. 0388.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2388.HK BOC Hong Kong Holdings Ltd	20.95%	68.39%	26.65%	-15.14%	8.28%	13.84%	-7.64%	-2.46%	-23.89%	45.39%
0388.HK Hong Kong Exchange and Clearing Ltd	-0.10%	42.10%	13.85%	-18.41%	-24.22%	9.26%	71.64%	14.65%	-2.86%	33.92%

Correlation

The correlation between 2388.HK and 0388.HK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002	0.51

The correlation between 2388.HK and 0388.HK has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

Return for Risk

2388.HK vs. 0388.HK — Risk / Return Rank

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

2388.HK

2388.HK Risk / Return Rank: 90
2388.HK Sharpe Ratio Rank: 90
2388.HK Sortino Ratio Rank: 90
2388.HK Omega Ratio Rank: 87
2388.HK Calmar Ratio Rank: 91
2388.HK Martin Ratio Rank: 92

0388.HK

0388.HK Risk / Return Rank: 42
0388.HK Sharpe Ratio Rank: 46
0388.HK Sortino Ratio Rank: 38
0388.HK Omega Ratio Rank: 37
0388.HK Calmar Ratio Rank: 45
0388.HK Martin Ratio Rank: 45

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.

2388.HK vs. 0388.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BOC Hong Kong Holdings Ltd (2388.HK) and Hong Kong Exchange and Clearing Ltd (0388.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.

	2388.HK	0388.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.11	+2.14
Sortino ratio: Return per unit of downside risk	3.16	0.33	+2.83
Omega ratio: Gain probability vs. loss probability	1.38	1.04	+0.35
Calmar ratio: Return relative to maximum drawdown	4.84	0.16	+4.68
Martin ratio: Return relative to average drawdown	13.76	0.32	+13.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2388.HK vs. 0388.HK - Sharpe Ratio Comparison

The current 2388.HK Sharpe Ratio is 2.25, which is higher than the 0388.HK Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of 2388.HK and 0388.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

	2388.HK	0388.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	0.11	+2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	-0.02	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.35	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.54	-0.05

Drawdowns

2388.HK vs. 0388.HK - Drawdown Comparison

The maximum 2388.HK drawdown since its inception was -71.91%, smaller than the maximum 0388.HK drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for 2388.HK and 0388.HK.

Drawdown Indicators

	2388.HK	0388.HK	Difference
Max Drawdown Largest peak-to-trough decline	-71.91%	-79.34%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-15.18%	+4.80%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-32.06%	+9.70%
Max Drawdown (5Y) Largest decline over 5 years	-38.53%	-60.01%	+21.48%
Max Drawdown (10Y) Largest decline over 10 years	-47.09%	-61.53%	+14.44%
Current Drawdown Current decline from peak	-1.86%	-18.17%	+16.31%
Average Drawdown Average peak-to-trough decline	-15.68%	-27.98%	+12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	7.53%	-3.92%

Volatility

2388.HK vs. 0388.HK - Volatility Comparison

The current volatility for BOC Hong Kong Holdings Ltd (2388.HK) is 4.70%, while Hong Kong Exchange and Clearing Ltd (0388.HK) has a volatility of 5.03%. This indicates that 2388.HK experiences smaller price fluctuations and is considered to be less risky than 0388.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2388.HK	0388.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	5.03%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	14.58%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	22.57%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.43%	34.15%	-11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	30.56%	-8.32%

Dividends

2388.HK vs. 0388.HK - Dividend Comparison

2388.HK's dividend yield for the trailing twelve months is around 4.83%, more than 0388.HK's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0388.HK Hong Kong Exchange and Clearing Ltd	3.12%	2.67%	2.81%	3.06%	2.26%	2.01%	1.58%	2.68%	2.86%	1.91%	2.77%	2.63%
2388.HK BOC Hong Kong Holdings Ltd	4.83%	5.81%	6.87%	6.78%	4.25%	4.86%	6.12%	5.43%	4.48%	1.82%	4.41%	4.73%

Financials

Frequently Asked Questions

Can I hold both 2388.HK and 0388.HK in my portfolio?

2388.HK and 0388.HK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.