3110.HK vs. 1088.HK

Last updated Jun 5, 2026

3110.HK (Global X Hang Seng High Dividend Yield ETF) is China Equities fund tracking the Hang Seng High Dividend Yield Index, while 1088.HK (China Shenhua Energy Co Ltd H) is a stock. Over the past 10 years, 3110.HK returned 10.04%/yr vs 25.48%/yr for 1088.HK. At a 0.49 correlation, their price movements are largely independent.

Performance

3110.HK vs. 1088.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Global X Hang Seng High Dividend Yield ETF (3110.HK) and China Shenhua Energy Co Ltd H (1088.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3110.HK achieves a 5.85% return, which is significantly lower than 1088.HK's 20.05% return. Over the past 10 years, 3110.HK has underperformed 1088.HK with an annualized return of 10.04%, while 1088.HK has yielded a comparatively higher 25.48% annualized return.

3110.HK

• 1D: -0.37%
• 1M: -4.20%
• YTD: 5.85%
• 6M: 4.00%
• 1Y: 26.52%
• 3Y*: 20.98%
• 5Y*: 9.07%
• 10Y*: 10.04%

1088.HK

• 1D: -0.47%
• 1M: -2.43%
• YTD: 20.05%
• 6M: 14.45%
• 1Y: 54.87%
• 3Y*: 34.48%
• 5Y*: 35.76%
• 10Y*: 25.48%

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

3110.HK vs. 1088.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3110.HK Global X Hang Seng High Dividend Yield ETF	5.85%	35.55%	32.28%	-3.89%	-8.03%	7.61%	-6.80%	7.58%	-3.43%	42.22%
1088.HK China Shenhua Energy Co Ltd H	20.05%	27.85%	33.82%	33.38%	40.03%	42.48%	-0.45%	0.83%	-10.10%	67.55%

Correlation

The correlation between 3110.HK and 1088.HK is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 18, 2013	0.49

The correlation between 3110.HK and 1088.HK has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

3110.HK vs. 1088.HK — Risk / Return Rank

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

3110.HK

3110.HK Risk / Return Rank: 66
3110.HK Sharpe Ratio Rank: 64
3110.HK Sortino Ratio Rank: 63
3110.HK Omega Ratio Rank: 62
3110.HK Calmar Ratio Rank: 81
3110.HK Martin Ratio Rank: 61

1088.HK

1088.HK Risk / Return Rank: 87
1088.HK Sharpe Ratio Rank: 89
1088.HK Sortino Ratio Rank: 87
1088.HK Omega Ratio Rank: 84
1088.HK Calmar Ratio Rank: 90
1088.HK Martin Ratio Rank: 88

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.

3110.HK vs. 1088.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hang Seng High Dividend Yield ETF (3110.HK) and China Shenhua Energy Co Ltd H (1088.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.

	3110.HK	1088.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.07	+0.04
Sortino ratio: Return per unit of downside risk	2.88	2.90	-0.02
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	4.14	4.51	-0.38
Martin ratio: Return relative to average drawdown	10.79	10.16	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3110.HK vs. 1088.HK - Sharpe Ratio Comparison

The current 3110.HK Sharpe Ratio is 2.11, which is comparable to the 1088.HK Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of 3110.HK and 1088.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

	3110.HK	1088.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.07	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	1.20	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.86	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.44	+0.01

Drawdowns

3110.HK vs. 1088.HK - Drawdown Comparison

The maximum 3110.HK drawdown since its inception was -34.74%, smaller than the maximum 1088.HK drawdown of -84.94%. Use the drawdown chart below to compare losses from any high point for 3110.HK and 1088.HK.

Drawdown Indicators

	3110.HK	1088.HK	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-84.94%	+50.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.87%	-12.41%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	-24.55%	+7.81%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	-24.55%	-8.82%
Max Drawdown (10Y) Largest decline over 10 years	-34.74%	-44.39%	+9.65%
Current Drawdown Current decline from peak	-5.80%	-5.52%	-0.28%
Average Drawdown Average peak-to-trough decline	-11.79%	-34.47%	+22.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	5.46%	-2.86%

Volatility

3110.HK vs. 1088.HK - Volatility Comparison

The current volatility for Global X Hang Seng High Dividend Yield ETF (3110.HK) is 3.03%, while China Shenhua Energy Co Ltd H (1088.HK) has a volatility of 8.98%. This indicates that 3110.HK experiences smaller price fluctuations and is considered to be less risky than 1088.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3110.HK	1088.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	8.98%	-5.95%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	19.49%	-9.71%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	27.10%	-13.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	30.70%	-10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	30.34%	-8.16%

Dividends

3110.HK vs. 1088.HK - Dividend Comparison

3110.HK's dividend yield for the trailing twelve months is around 5.89%, less than 1088.HK's 7.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1088.HK China Shenhua Energy Co Ltd H	7.56%	9.08%	7.42%	10.87%	13.86%	11.80%	9.39%	6.33%	6.57%	16.80%	2.59%	7.70%
3110.HK Global X Hang Seng High Dividend Yield ETF	5.89%	6.15%	6.81%	8.30%	7.34%	7.32%	5.23%	0.00%	6.32%	4.28%	5.69%	0.00%

Frequently Asked Questions

Can I hold both 3110.HK and 1088.HK in my portfolio?

3110.HK and 1088.HK have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.