2899.HK vs. 9992.HK

Last updated Jun 5, 2026

2899.HK (Zijin Mining Group Co Ltd-H) and 9992.HK (Pop Mart International Group Ltd) are both stocks. 2899.HK operates in Gold (Basic Materials), while 9992.HK operates in Leisure (Consumer Cyclical). Over the past 5 years, 2899.HK returned 26.64%/yr vs 19.80%/yr for 9992.HK. At a 0.33 correlation, their price movements are largely independent.

Performance

2899.HK vs. 9992.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Zijin Mining Group Co Ltd-H (2899.HK) and Pop Mart International Group Ltd (9992.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 2899.HK achieves a -6.56% return, which is significantly lower than 9992.HK's -3.76% return.

2899.HK

• 1D: -2.69%
• 1M: -10.67%
• YTD: -6.56%
• 6M: -3.14%
• 1Y: 87.29%
• 3Y*: 45.75%
• 5Y*: 26.64%
• 10Y*: 34.05%

9992.HK

• 1D: -1.00%
• 1M: 15.58%
• YTD: -3.76%
• 6M: -17.51%
• 1Y: -25.66%
• 3Y*: 116.64%
• 5Y*: 19.80%
• 10Y*: —

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

2899.HK vs. 9992.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
2899.HK Zijin Mining Group Co Ltd-H	-6.56%	158.44%	13.36%	23.33%	16.65%	7.13%	23.00%
9992.HK Pop Mart International Group Ltd	-3.76%	110.23%	346.67%	2.73%	-55.41%	-44.92%	17.90%

Correlation

The correlation between 2899.HK and 9992.HK is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020	0.33

Return for Risk

2899.HK vs. 9992.HK — Risk / Return Rank

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

2899.HK

2899.HK Risk / Return Rank: 82
2899.HK Sharpe Ratio Rank: 86
2899.HK Sortino Ratio Rank: 81
2899.HK Omega Ratio Rank: 78
2899.HK Calmar Ratio Rank: 82
2899.HK Martin Ratio Rank: 82

9992.HK

9992.HK Risk / Return Rank: 24
9992.HK Sharpe Ratio Rank: 20
9992.HK Sortino Ratio Rank: 23
9992.HK Omega Ratio Rank: 22
9992.HK Calmar Ratio Rank: 26
9992.HK Martin Ratio Rank: 27

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.

2899.HK vs. 9992.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zijin Mining Group Co Ltd-H (2899.HK) and Pop Mart International Group Ltd (9992.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.

	2899.HK	9992.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.87	-0.48	+2.35
Sortino ratio: Return per unit of downside risk	2.35	-0.37	+2.72
Omega ratio: Gain probability vs. loss probability	1.28	0.95	+0.33
Calmar ratio: Return relative to maximum drawdown	2.96	-0.47	+3.43
Martin ratio: Return relative to average drawdown	7.05	-0.80	+7.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2899.HK vs. 9992.HK - Sharpe Ratio Comparison

The current 2899.HK Sharpe Ratio is 1.87, which is higher than the 9992.HK Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of 2899.HK and 9992.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

	2899.HK	9992.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	-0.48	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.33	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.32	+0.18

Drawdowns

2899.HK vs. 9992.HK - Drawdown Comparison

The maximum 2899.HK drawdown since its inception was -89.63%, roughly equal to the maximum 9992.HK drawdown of -90.24%. Use the drawdown chart below to compare losses from any high point for 2899.HK and 9992.HK.

Drawdown Indicators

	2899.HK	9992.HK	Difference
Max Drawdown Largest peak-to-trough decline	-89.63%	-90.24%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-29.61%	-57.72%	+28.11%
Max Drawdown (3Y) Largest decline over 3 years	-29.61%	-57.72%	+28.11%
Max Drawdown (5Y) Largest decline over 5 years	-46.93%	-86.73%	+39.80%
Max Drawdown (10Y) Largest decline over 10 years	-48.85%	—	—
Current Drawdown Current decline from peak	-27.79%	-46.14%	+18.35%
Average Drawdown Average peak-to-trough decline	-39.54%	-51.10%	+11.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	33.57%	-21.30%

Volatility

2899.HK vs. 9992.HK - Volatility Comparison

Zijin Mining Group Co Ltd-H (2899.HK) has a higher volatility of 14.52% compared to Pop Mart International Group Ltd (9992.HK) at 11.87%. This indicates that 2899.HK's price experiences larger fluctuations and is considered to be riskier than 9992.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2899.HK	9992.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.52%	11.87%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	35.39%	44.09%	-8.70%
Volatility (1Y) Calculated over the trailing 1-year period	46.88%	56.26%	-9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.16%	62.07%	-17.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.46%	63.90%	-19.44%

Dividends

2899.HK vs. 9992.HK - Dividend Comparison

2899.HK's dividend yield for the trailing twelve months is around 0.72%, less than 9992.HK's 1.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2899.HK Zijin Mining Group Co Ltd-H	0.72%	1.53%	2.33%	2.18%	2.20%	1.56%	1.25%	2.93%	3.74%	2.33%	2.83%	5.00%
9992.HK Pop Mart International Group Ltd	1.54%	0.47%	0.35%	0.48%	0.91%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 2899.HK and 9992.HK in my portfolio?

2899.HK and 9992.HK have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.