3119.HK vs. RY

Last updated Jun 26, 2026

3119.HK (Global X Asia Semiconductor ETF) is Semiconductors fund tracking the FactSet Asia Semiconductor Index, while RY (Royal Bank of Canada) is a stock. Over the past 3 years, 3119.HK returned 61.17%/yr vs 34.43%/yr for RY. At a 0.11 correlation, their price movements are largely independent.

Performance

3119.HK vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Global X Asia Semiconductor ETF (3119.HK) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3119.HK is traded in HKD, while RY is traded in USD. To make them comparable, the RY values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3119.HK achieves a 110.95% return, which is significantly higher than RY's 22.06% return.

3119.HK

• 1D: 1.35%
• 1M: 11.77%
• YTD: 110.95%
• 6M: 119.99%
• 1Y: 197.07%
• 3Y*: 61.17%
• 5Y*: —
• 10Y*: —

RY

• 1D: 0.78%
• 1M: 7.30%
• YTD: 22.06%
• 6M: 21.67%
• 1Y: 63.70%
• 3Y*: 34.43%
• 5Y*: 19.32%
• 10Y*: 18.05%

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

3119.HK vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3119.HK Global X Asia Semiconductor ETF	110.95%	65.86%	6.88%	34.78%	-38.81%	29.76%
RY Royal Bank of Canada	22.06%	46.57%	23.16%	12.71%	-7.85%	7.70%

Correlation

The correlation between 3119.HK and RY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021	0.11

Return for Risk

3119.HK vs. RY — Risk / Return Rank

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

3119.HK

3119.HK Risk / Return Rank: 97
3119.HK Sharpe Ratio Rank: 98
3119.HK Sortino Ratio Rank: 96
3119.HK Omega Ratio Rank: 96
3119.HK Calmar Ratio Rank: 97
3119.HK Martin Ratio Rank: 97

RY

RY Risk / Return Rank: 98
RY Sharpe Ratio Rank: 98
RY Sortino Ratio Rank: 99
RY Omega Ratio Rank: 98
RY Calmar Ratio Rank: 95
RY Martin Ratio Rank: 97

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.

3119.HK vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Asia Semiconductor ETF (3119.HK) and Royal Bank of Canada (RY). 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.

	3119.HK	RY	Difference
Sharpe ratio: Return per unit of total volatility	5.28	4.28	+1.01
Sortino ratio: Return per unit of downside risk	5.00	6.08	-1.08
Omega ratio: Gain probability vs. loss probability	1.71	1.75	-0.04
Calmar ratio: Return relative to maximum drawdown	9.93	6.51	+3.42
Martin ratio: Return relative to average drawdown	39.21	24.29	+14.92

3119.HK vs. RY - Sharpe Ratio Comparison

The current 3119.HK Sharpe Ratio is 5.28, which is comparable to the RY Sharpe Ratio of 4.28. The chart below compares the historical Sharpe Ratios of 3119.HK and RY, 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

3119.HK vs. RY - Drawdown Comparison

The maximum 3119.HK drawdown since its inception was -45.34%, smaller than the maximum RY drawdown of -62.88%. Use the drawdown chart below to compare losses from any high point for 3119.HK and RY.

Drawdown Indicators

	3119.HK	RY	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-62.88%	+17.54%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	-9.83%	-11.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-19.79%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.19%	—
Current Drawdown Current decline from peak	-4.76%	0.00%	-4.76%
Average Drawdown Average peak-to-trough decline	-15.71%	-9.99%	-5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.31%	2.63%	+2.68%

Volatility

3119.HK vs. RY - Volatility Comparison

Global X Asia Semiconductor ETF (3119.HK) has a higher volatility of 16.92% compared to Royal Bank of Canada (RY) at 3.19%. This indicates that 3119.HK's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3119.HK	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	3.19%	+13.73%
Volatility (6M) Calculated over the trailing 6-month period	35.19%	11.19%	+24.00%
Volatility (1Y) Calculated over the trailing 1-year period	40.10%	14.97%	+25.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.95%	17.95%	+13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.95%	19.63%	+11.32%

Dividends

3119.HK vs. RY - Dividend Comparison

3119.HK has not paid dividends to shareholders, while RY's dividend yield for the trailing twelve months is around 2.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3119.HK Global X Asia Semiconductor ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RY Royal Bank of Canada	2.27%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%

Frequently Asked Questions

Can I hold both 3119.HK and RY in my portfolio?

3119.HK and RY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.