3070.HK vs. 3968.HK

Last updated Apr 2, 2026

Compare and contrast key facts about Ping An of China CSI HK Dividend ETF (3070.HK) and China Merchants Bank Co Ltd Class H (3968.HK).

3070.HK is a passively managed fund by Ping An of China Trust that tracks the performance of the CSI Hong Kong Dividend Index. It was launched on Feb 10, 2012.

Performance

3070.HK vs. 3968.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Ping An of China CSI HK Dividend ETF (3070.HK) and China Merchants Bank Co Ltd Class H (3968.HK). The values are adjusted to include any dividend payments, if applicable.

3070.HK vs. 3968.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3070.HK Ping An of China CSI HK Dividend ETF	9.67%	25.91%	36.16%	12.21%	3.61%	4.52%	-12.13%	9.46%	-5.99%	54.37%
3968.HK China Merchants Bank Co Ltd Class H	-4.86%	37.37%	56.35%	-34.35%	-25.26%	26.51%	27.02%	43.49%	-4.29%	77.39%

Returns By Period

In the year-to-date period, 3070.HK achieves a 9.67% return, which is significantly higher than 3968.HK's -4.86% return. Over the past 10 years, 3070.HK has underperformed 3968.HK with an annualized return of 12.84%, while 3968.HK has yielded a comparatively higher 16.58% annualized return.

3070.HK

• 1D: 0.00%
• 1M: 2.20%
• YTD: 9.67%
• 6M: 16.67%
• 1Y: 29.45%
• 3Y*: 24.08%
• 5Y*: 15.20%
• 10Y*: 12.84%

3968.HK

• 1D: -0.32%
• 1M: 2.21%
• YTD: -4.86%
• 6M: 7.43%
• 1Y: 14.65%
• 3Y*: 13.45%
• 5Y*: 0.59%
• 10Y*: 16.58%

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

Return for Risk

3070.HK vs. 3968.HK — Risk / Return Rank

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

3070.HK

3070.HK Risk / Return Rank: 77
3070.HK Sharpe Ratio Rank: 81
3070.HK Sortino Ratio Rank: 73
3070.HK Omega Ratio Rank: 81
3070.HK Calmar Ratio Rank: 80
3070.HK Martin Ratio Rank: 72

3968.HK

3968.HK Risk / Return Rank: 54
3968.HK Sharpe Ratio Rank: 62
3968.HK Sortino Ratio Rank: 53
3968.HK Omega Ratio Rank: 54
3968.HK Calmar Ratio Rank: 51
3968.HK Martin Ratio Rank: 50

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.

3070.HK vs. 3968.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ping An of China CSI HK Dividend ETF (3070.HK) and China Merchants Bank Co Ltd Class H (3968.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.

	3070.HK	3968.HK	Difference
Sharpe ratio Return per unit of total volatility	1.63	0.62	+1.01
Sortino ratio Return per unit of downside risk	1.92	0.98	+0.95
Omega ratio Gain probability vs. loss probability	1.33	1.13	+0.19
Calmar ratio Return relative to maximum drawdown	2.37	0.42	+1.95
Martin ratio Return relative to average drawdown	7.98	0.86	+7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3070.HK vs. 3968.HK - Sharpe Ratio Comparison

The current 3070.HK Sharpe Ratio is 1.63, which is higher than the 3968.HK Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of 3070.HK and 3968.HK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3070.HK	3968.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	0.62	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.02	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.50	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.36	+0.31

Correlation

The correlation between 3070.HK and 3968.HK is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

3070.HK vs. 3968.HK - Dividend Comparison

3070.HK's dividend yield for the trailing twelve months is around 4.70%, less than 3968.HK's 6.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3070.HK Ping An of China CSI HK Dividend ETF	4.70%	4.79%	3.93%	6.93%	8.04%	6.05%	4.20%	4.33%	4.86%	2.45%	6.13%	3.33%
3968.HK China Merchants Bank Co Ltd Class H	6.74%	4.15%	5.41%	6.95%	4.09%	2.48%	2.68%	2.67%	3.53%	2.70%	4.46%	4.64%

Drawdowns

3070.HK vs. 3968.HK - Drawdown Comparison

The maximum 3070.HK drawdown since its inception was -33.58%, smaller than the maximum 3968.HK drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for 3070.HK and 3968.HK.

Drawdown Indicators

	3070.HK	3968.HK	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-74.86%	+41.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-16.30%	+4.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-61.90%	+38.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.58%	-61.90%	+28.32%
Current Drawdown Current decline from peak	-0.88%	-13.52%	+12.64%
Average Drawdown Average peak-to-trough decline	-10.33%	-26.43%	+16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	8.14%	-4.58%

Volatility

3070.HK vs. 3968.HK - Volatility Comparison

The current volatility for Ping An of China CSI HK Dividend ETF (3070.HK) is 3.52%, while China Merchants Bank Co Ltd Class H (3968.HK) has a volatility of 5.86%. This indicates that 3070.HK experiences smaller price fluctuations and is considered to be less risky than 3968.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3070.HK	3968.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	5.86%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	14.20%	-2.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.62%	24.26%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	37.24%	-17.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	34.24%	-13.66%