3110.HK vs. 9999.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 9999.HK (NetEase Inc) is a stock. Over the past 5 years, 3110.HK returned 9.07%/yr vs 3.95%/yr for 9999.HK. At a 0.43 correlation, their price movements are largely independent.

Performance

3110.HK vs. 9999.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 NetEase Inc (9999.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 higher than 9999.HK's -8.68% 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%

9999.HK

• 1D: -0.50%
• 1M: 6.90%
• YTD: -8.68%
• 6M: -10.11%
• 1Y: -1.80%
• 3Y*: 15.79%
• 5Y*: 3.95%
• 10Y*: —

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

3110.HK vs. 9999.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
3110.HK Global X Hang Seng High Dividend Yield ETF	5.85%	35.55%	32.28%	-3.89%	-8.03%	7.61%	13.67%
9999.HK NetEase Inc	-8.68%	59.11%	1.03%	25.01%	-25.97%	7.53%	14.11%

Correlation

The correlation between 3110.HK and 9999.HK is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020	0.43

Return for Risk

3110.HK vs. 9999.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

9999.HK

9999.HK Risk / Return Rank: 38
9999.HK Sharpe Ratio Rank: 40
9999.HK Sortino Ratio Rank: 35
9999.HK Omega Ratio Rank: 34
9999.HK Calmar Ratio Rank: 40
9999.HK Martin Ratio Rank: 40

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. 9999.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 NetEase Inc (9999.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	9999.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.11	-0.03	+2.14
Sortino ratio: Return per unit of downside risk	2.88	0.20	+2.68
Omega ratio: Gain probability vs. loss probability	1.37	1.02	+0.35
Calmar ratio: Return relative to maximum drawdown	4.14	-0.03	+4.17
Martin ratio: Return relative to average drawdown	10.79	-0.06	+10.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3110.HK vs. 9999.HK - Sharpe Ratio Comparison

The current 3110.HK Sharpe Ratio is 2.11, which is higher than the 9999.HK Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of 3110.HK and 9999.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	9999.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	-0.03	+2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.09	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.20	+0.25

Drawdowns

3110.HK vs. 9999.HK - Drawdown Comparison

The maximum 3110.HK drawdown since its inception was -34.74%, smaller than the maximum 9999.HK drawdown of -57.95%. Use the drawdown chart below to compare losses from any high point for 3110.HK and 9999.HK.

Drawdown Indicators

	3110.HK	9999.HK	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-57.95%	+23.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.87%	-29.83%	+22.96%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	-33.15%	+16.41%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	-53.29%	+19.92%
Max Drawdown (10Y) Largest decline over 10 years	-34.74%	—	—
Current Drawdown Current decline from peak	-5.80%	-20.14%	+14.34%
Average Drawdown Average peak-to-trough decline	-11.79%	-21.15%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	15.86%	-13.26%

Volatility

3110.HK vs. 9999.HK - Volatility Comparison

The current volatility for Global X Hang Seng High Dividend Yield ETF (3110.HK) is 3.03%, while NetEase Inc (9999.HK) has a volatility of 10.97%. This indicates that 3110.HK experiences smaller price fluctuations and is considered to be less risky than 9999.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3110.HK	9999.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	10.97%	-7.94%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	23.87%	-14.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	32.27%	-18.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	47.10%	-27.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	46.09%	-23.91%

Dividends

3110.HK vs. 9999.HK - Dividend Comparison

3110.HK's dividend yield for the trailing twelve months is around 5.89%, more than 9999.HK's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
9999.HK NetEase Inc	2.45%	2.20%	2.76%	1.96%	2.08%	0.81%	0.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 3110.HK and 9999.HK in my portfolio?

3110.HK and 9999.HK have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.