298040.KS vs. PME.AX

Last updated Jun 13, 2026

298040.KS (Hyosung Heavy Industries Corp) and PME.AX (Pro Medicus Limited) are both stocks. 298040.KS operates in Specialty Industrial Machinery (Industrials), while PME.AX operates in Health Information Services (Healthcare). Over the past 5 years, 298040.KS returned 113.95%/yr vs 32.79%/yr for PME.AX. At a 0.10 correlation, their price movements are largely independent.

Performance

298040.KS vs. PME.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a ₩10,000 investment in Hyosung Heavy Industries Corp (298040.KS) and Pro Medicus Limited (PME.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

298040.KS is traded in KRW, while PME.AX is traded in AUD. To make them comparable, the PME.AX values have been converted to KRW using the latest available exchange rates.

Returns By Period

In the year-to-date period, 298040.KS achieves a 89.56% return, which is significantly higher than PME.AX's -17.18% return.

298040.KS

• 1D: 4.00%
• 1M: -19.56%
• YTD: 89.56%
• 6M: 72.81%
• 1Y: 400.81%
• 3Y*: 234.73%
• 5Y*: 113.95%
• 10Y*: —

PME.AX

• 1D: 0.79%
• 1M: 29.25%
• YTD: -17.18%
• 6M: -23.49%
• 1Y: -29.00%
• 3Y*: 46.80%
• 5Y*: 32.79%
• 10Y*: 46.66%

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

298040.KS vs. PME.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
298040.KS Hyosung Heavy Industries Corp	89.56%	355.12%	145.90%	110.79%	33.79%	-6.27%	133.40%	-35.55%	-30.85%
PME.AX Pro Medicus Limited	-17.18%	-6.80%	171.32%	79.04%	-11.97%	89.63%	58.74%	113.09%	29.17%

Correlation

The correlation between 298040.KS and PME.AX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 13, 2018	0.10

Return for Risk

298040.KS vs. PME.AX — Risk / Return Rank

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

298040.KS

298040.KS Risk / Return Rank: 98
298040.KS Sharpe Ratio Rank: 99
298040.KS Sortino Ratio Rank: 98
298040.KS Omega Ratio Rank: 97
298040.KS Calmar Ratio Rank: 99
298040.KS Martin Ratio Rank: 99

PME.AX

PME.AX Risk / Return Rank: 15
PME.AX Sharpe Ratio Rank: 10
PME.AX Sortino Ratio Rank: 12
PME.AX Omega Ratio Rank: 11
PME.AX Calmar Ratio Rank: 21
PME.AX Martin Ratio Rank: 22

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.

298040.KS vs. PME.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hyosung Heavy Industries Corp (298040.KS) and Pro Medicus Limited (PME.AX). 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.

	298040.KS	PME.AX	Difference
Sharpe ratio: Return per unit of total volatility	6.53	-0.54	+7.07
Sortino ratio: Return per unit of downside risk	5.12	-0.51	+5.63
Omega ratio: Gain probability vs. loss probability	1.63	0.93	+0.70
Calmar ratio: Return relative to maximum drawdown	14.02	-0.45	+14.46
Martin ratio: Return relative to average drawdown	38.72	-0.82	+39.54

298040.KS vs. PME.AX - Sharpe Ratio Comparison

The current 298040.KS Sharpe Ratio is 6.53, which is higher than the PME.AX Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of 298040.KS and PME.AX, 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

298040.KS vs. PME.AX - Drawdown Comparison

The maximum 298040.KS drawdown since its inception was -86.22%, roughly equal to the maximum PME.AX drawdown of -84.81%. Use the drawdown chart below to compare losses from any high point for 298040.KS and PME.AX.

Drawdown Indicators

	298040.KS	PME.AX	Difference
Max Drawdown Largest peak-to-trough decline	-86.22%	-84.81%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	-30.54%	-63.14%	+32.60%
Max Drawdown (3Y) Largest decline over 3 years	-44.72%	-63.14%	+18.42%
Max Drawdown (5Y) Largest decline over 5 years	-45.16%	-63.14%	+17.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-65.21%	—
Current Drawdown Current decline from peak	-26.62%	-41.08%	+14.46%
Average Drawdown Average peak-to-trough decline	-23.58%	-26.46%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.88%	35.11%	-24.23%

Volatility

298040.KS vs. PME.AX - Volatility Comparison

Hyosung Heavy Industries Corp (298040.KS) has a higher volatility of 21.01% compared to Pro Medicus Limited (PME.AX) at 16.16%. This indicates that 298040.KS's price experiences larger fluctuations and is considered to be riskier than PME.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	298040.KS	PME.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.01%	16.16%	+4.85%
Volatility (6M) Calculated over the trailing 6-month period	50.31%	49.88%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	65.53%	52.08%	+13.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.68%	42.77%	+17.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.87%	44.34%	+15.53%

Dividends

298040.KS vs. PME.AX - Dividend Comparison

298040.KS's dividend yield for the trailing twelve months is around 0.22%, less than PME.AX's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
298040.KS Hyosung Heavy Industries Corp	0.22%	0.42%	1.27%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PME.AX Pro Medicus Limited	0.38%	0.25%	0.16%	0.31%	0.40%	0.24%	0.35%	0.31%	0.55%	0.46%	0.62%	0.60%

Financials

Frequently Asked Questions

Can I hold both 298040.KS and PME.AX in my portfolio?

298040.KS and PME.AX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.