2800.HK vs. 3070.HK

Last updated Jul 22, 2026

2800.HK (Tracker Fund of Hong Kong) and 3070.HK (Ping An of China CSI HK Dividend ETF) are both China Equities funds - 2800.HK tracks the Hang Seng Index while 3070.HK tracks the CSI Hong Kong Dividend Index. Both are passively managed. Over the past 10 years, 2800.HK returned 4.65%/yr vs 11.90%/yr for 3070.HK. A 0.65 correlation means they provide meaningful diversification when combined. 2800.HK charges 0.10%/yr vs 0.77%/yr for 3070.HK.

Performance

2800.HK vs. 3070.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Tracker Fund of Hong Kong (2800.HK) and Ping An of China CSI HK Dividend ETF (3070.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2800.HK achieves a -1.14% return, which is significantly lower than 3070.HK's 7.62% return. Over the past 10 years, 2800.HK has underperformed 3070.HK with an annualized return of 4.65%, while 3070.HK has yielded a comparatively higher 11.90% annualized return.

2800.HK

• 1D: -1.02%
• 1M: 4.37%
• 6M: -4.32%
• YTD: -1.14%
• 1Y: 2.35%
• 3Y*: 12.90%
• 5Y*: 1.55%
• 10Y*: 4.65%
• ALL TIME*: 3.82%

3070.HK

• 1D: -0.94%
• 1M: 2.92%
• 6M: 6.44%
• YTD: 7.62%
• 1Y: 11.70%
• 3Y*: 23.47%
• 5Y*: 16.01%
• 10Y*: 11.90%
• ALL TIME*: 10.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
2800.HK Tracker Fund of Hong Kong	HK$19.24B	HK$19.19B	HK$19.22B

2800.HK vs. 3070.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2800.HK Tracker Fund of Hong Kong	-1.14%	31.39%	22.40%	-10.55%	-11.90%	-11.96%	-0.75%	12.96%	-10.08%	40.54%
3070.HK Ping An of China CSI HK Dividend ETF	7.62%	25.91%	36.16%	12.21%	3.61%	4.52%	-12.13%	9.46%	-5.99%	54.37%

Correlation

The correlation between 2800.HK and 3070.HK is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012	0.65

The correlation between 2800.HK and 3070.HK shifts across timeframes, from 0.54 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

2800.HK vs. 3070.HK — Risk / Return Rank

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

2800.HK

2800.HK Risk / Return Rank: 12
2800.HK Sharpe Ratio Rank: 13
2800.HK Sortino Ratio Rank: 12
2800.HK Omega Ratio Rank: 12
2800.HK Calmar Ratio Rank: 12
2800.HK Martin Ratio Rank: 12

3070.HK

3070.HK Risk / Return Rank: 26
3070.HK Sharpe Ratio Rank: 29
3070.HK Sortino Ratio Rank: 28
3070.HK Omega Ratio Rank: 26
3070.HK Calmar Ratio Rank: 23
3070.HK Martin Ratio Rank: 26

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.

2800.HK vs. 3070.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tracker Fund of Hong Kong (2800.HK) and Ping An of China CSI HK Dividend ETF (3070.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.

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.

	2800.HK	3070.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.10	0.77	-0.67
Sortino ratio: Return per unit of downside risk	0.28	1.15	-0.87
Omega ratio: Gain probability vs. loss probability	1.03	1.14	-0.11
Calmar ratio: Return relative to maximum drawdown	0.10	0.78	-0.68
Martin ratio: Return relative to average drawdown	0.27	2.43	-2.15

2800.HK vs. 3070.HK - Sharpe Ratio Comparison

The current 2800.HK Sharpe Ratio is 0.10, which is lower than the 3070.HK Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of 2800.HK and 3070.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.

Drawdowns

2800.HK vs. 3070.HK - Drawdown Comparison

The maximum 2800.HK drawdown since its inception was -63.92%, which is greater than 3070.HK's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for 2800.HK and 3070.HK.

Drawdown Indicators

	2800.HK	3070.HK	Difference
Max Drawdown Largest peak-to-trough decline	-63.92%	-33.58%	-30.34%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-15.30%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.13%	-15.30%	-8.83%
Max Drawdown (5Y) Largest decline over 5 years	-43.50%	-23.26%	-20.24%
Max Drawdown (10Y) Largest decline over 10 years	-49.39%	-33.58%	-15.81%
Current Drawdown Current decline from peak	-9.42%	-7.47%	-1.95%
Average Drawdown Average peak-to-trough decline	-22.69%	-9.80%	-12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	4.89%	+1.72%

Volatility

2800.HK vs. 3070.HK - Volatility Comparison

Tracker Fund of Hong Kong (2800.HK) and Ping An of China CSI HK Dividend ETF (3070.HK) have volatilities of 6.35% and 6.34%, 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

	2800.HK	3070.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	6.34%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	11.74%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	15.58%	+3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.78%	19.13%	+5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	19.04%	+2.35%

2800.HK vs. 3070.HK - Expense Ratio Comparison

2800.HK has a 0.10% expense ratio, which is lower than 3070.HK's 0.77% expense ratio.

Dividends

2800.HK vs. 3070.HK - Dividend Comparison

2800.HK's dividend yield for the trailing twelve months is around 2.92%, less than 3070.HK's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2800.HK Tracker Fund of Hong Kong	2.92%	2.98%	3.80%	3.78%	3.21%	2.85%	2.74%	3.27%	3.65%	3.09%	3.53%	3.67%
3070.HK Ping An of China CSI HK Dividend ETF	3.83%	4.79%	3.93%	6.93%	8.04%	6.05%	4.20%	4.33%	4.86%	2.45%	6.13%	3.33%

Frequently Asked Questions

Can I hold both 2800.HK and 3070.HK in my portfolio?

2800.HK and 3070.HK have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 2800.HK or 3070.HK?

On fees, 2800.HK is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 2800.HK or 3070.HK?

2800.HK is cheaper with a 0.10% expense ratio, compared with 0.77% for 3070.HK.

What is the main difference between 2800.HK and 3070.HK?

2800.HK tracks Hang Seng Index, while 3070.HK tracks CSI Hong Kong Dividend Index. They also come from different issuers: State Street and Ping An of China Trust. Their fees differ too: 0.10% for 2800.HK and 0.77% for 3070.HK.