3110.HK vs. VOOG

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Hang Seng High Dividend Yield ETF (3110.HK) and Vanguard S&P 500 Growth ETF (VOOG).

3110.HK and VOOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3110.HK is a passively managed fund by Global X that tracks the performance of the Hang Seng High Dividend Yield Index. It was launched on Jun 17, 2013. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Apr 5, 2019. Both 3110.HK and VOOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

3110.HK vs. VOOG - 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 Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

3110.HK vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3110.HK Global X Hang Seng High Dividend Yield ETF	6.18%	35.55%	32.28%	-3.89%	-8.03%	7.61%	-6.80%	7.58%	-3.43%	42.22%
VOOG Vanguard S&P 500 Growth ETF	-6.33%	22.35%	35.19%	29.94%	-29.36%	32.67%	32.75%	30.24%	0.01%	28.16%

Different Trading Currencies

3110.HK is traded in HKD, while VOOG is traded in USD. To make them comparable, the VOOG values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3110.HK achieves a 6.18% return, which is significantly higher than VOOG's -6.33% return. Over the past 10 years, 3110.HK has underperformed VOOG with an annualized return of 10.12%, while VOOG has yielded a comparatively higher 15.98% annualized return.

3110.HK

• 1D: 1.46%
• 1M: -5.12%
• YTD: 6.18%
• 6M: 13.26%
• 1Y: 37.01%
• 3Y*: 20.08%
• 5Y*: 9.67%
• 10Y*: 10.12%

VOOG

• 1D: 1.27%
• 1M: -4.08%
• YTD: -6.33%
• 6M: -4.61%
• 1Y: 24.09%
• 3Y*: 22.26%
• 5Y*: 12.64%
• 10Y*: 15.98%

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

3110.HK vs. VOOG - Expense Ratio Comparison

3110.HK has a 0.68% expense ratio, which is higher than VOOG's 0.07% expense ratio.

3110.HK

Global X Hang Seng High Dividend Yield ETF

VOOG

Vanguard S&P 500 Growth ETF

Return for Risk

3110.HK vs. VOOG — 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: 92
3110.HK Sharpe Ratio Rank: 93
3110.HK Sortino Ratio Rank: 89
3110.HK Omega Ratio Rank: 95
3110.HK Calmar Ratio Rank: 92
3110.HK Martin Ratio Rank: 93

VOOG

VOOG Risk / Return Rank: 62
VOOG Sharpe Ratio Rank: 57
VOOG Sortino Ratio Rank: 61
VOOG Omega Ratio Rank: 60
VOOG Calmar Ratio Rank: 67
VOOG Martin Ratio Rank: 66

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. VOOG - 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 Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio Return per unit of total volatility	2.27	1.09	+1.18
Sortino ratio Return per unit of downside risk	2.58	1.67	+0.91
Omega ratio Gain probability vs. loss probability	1.46	1.24	+0.23
Calmar ratio Return relative to maximum drawdown	3.43	1.92	+1.51
Martin ratio Return relative to average drawdown	14.00	7.43	+6.58
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. VOOG - Sharpe Ratio Comparison

The current 3110.HK Sharpe Ratio is 2.27, which is higher than the VOOG Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of 3110.HK and VOOG, 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

	3110.HK	VOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.09	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.60	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.78	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.84	-0.39

Correlation

The correlation between 3110.HK and VOOG is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

3110.HK vs. VOOG - Dividend Comparison

3110.HK's dividend yield for the trailing twelve months is around 5.88%, more than VOOG's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3110.HK Global X Hang Seng High Dividend Yield ETF	5.88%	6.15%	6.81%	8.30%	7.34%	7.32%	5.23%	0.00%	6.32%	4.28%	5.69%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.53%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Drawdowns

3110.HK vs. VOOG - Drawdown Comparison

The maximum 3110.HK drawdown since its inception was -34.74%, which is greater than VOOG's maximum drawdown of -32.29%. Use the drawdown chart below to compare losses from any high point for 3110.HK and VOOG.

Drawdown Indicators

	3110.HK	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-32.73%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-13.71%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-33.64%	-32.73%	-0.91%
Max Drawdown (10Y) Largest decline over 10 years	-34.74%	-32.73%	-2.01%
Current Drawdown Current decline from peak	-5.51%	-9.07%	+3.56%
Average Drawdown Average peak-to-trough decline	-11.91%	-5.01%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.54%	-1.02%

Volatility

3110.HK vs. VOOG - Volatility Comparison

The current volatility for Global X Hang Seng High Dividend Yield ETF (3110.HK) is 5.75%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 7.26%. This indicates that 3110.HK experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3110.HK	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	7.26%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	12.65%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	22.26%	-5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	21.14%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.26%	20.62%	+1.64%