3191.HK vs. RY

Last updated Jun 26, 2026

3191.HK (Global X China Semiconductor ETF) is China Equities fund tracking the Factset China Semiconductor Index, while RY (Royal Bank of Canada) is a stock. Over the past 5 years, 3191.HK returned 12.76%/yr vs 19.32%/yr for RY. At a 0.08 correlation, their price movements are largely independent.

Performance

3191.HK vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Global X China Semiconductor ETF (3191.HK) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3191.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, 3191.HK achieves a 99.59% return, which is significantly higher than RY's 22.06% return.

3191.HK

• 1D: 6.28%
• 1M: 18.19%
• YTD: 99.59%
• 6M: 100.21%
• 1Y: 181.85%
• 3Y*: 43.68%
• 5Y*: 12.76%
• 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)

3191.HK vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
3191.HK Global X China Semiconductor ETF	99.59%	41.08%	11.15%	-6.56%	-39.25%	19.31%	9.26%
RY Royal Bank of Canada	22.06%	46.57%	23.16%	12.71%	-7.85%	34.84%	17.56%

Correlation

The correlation between 3191.HK and RY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.08

Return for Risk

3191.HK vs. RY — Risk / Return Rank

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

3191.HK

3191.HK Risk / Return Rank: 95
3191.HK Sharpe Ratio Rank: 98
3191.HK Sortino Ratio Rank: 95
3191.HK Omega Ratio Rank: 94
3191.HK Calmar Ratio Rank: 97
3191.HK Martin Ratio Rank: 93

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.

3191.HK vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X China Semiconductor ETF (3191.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.

	3191.HK	RY	Difference
Sharpe ratio: Return per unit of total volatility	4.50	4.28	+0.23
Sortino ratio: Return per unit of downside risk	4.55	6.08	-1.53
Omega ratio: Gain probability vs. loss probability	1.58	1.75	-0.17
Calmar ratio: Return relative to maximum drawdown	8.82	6.51	+2.31
Martin ratio: Return relative to average drawdown	21.89	24.29	-2.40

3191.HK vs. RY - Sharpe Ratio Comparison

The current 3191.HK Sharpe Ratio is 4.50, which is comparable to the RY Sharpe Ratio of 4.28. The chart below compares the historical Sharpe Ratios of 3191.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

3191.HK vs. RY - Drawdown Comparison

The maximum 3191.HK drawdown since its inception was -63.76%, roughly equal to the maximum RY drawdown of -62.88%. Use the drawdown chart below to compare losses from any high point for 3191.HK and RY.

Drawdown Indicators

	3191.HK	RY	Difference
Max Drawdown Largest peak-to-trough decline	-63.76%	-62.88%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-9.83%	-11.60%
Max Drawdown (3Y) Largest decline over 3 years	-40.94%	-19.79%	-21.15%
Max Drawdown (5Y) Largest decline over 5 years	-63.76%	-28.09%	-35.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.19%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-33.53%	-9.99%	-23.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.53%	2.63%	+5.90%

Volatility

3191.HK vs. RY - Volatility Comparison

Global X China Semiconductor ETF (3191.HK) has a higher volatility of 18.57% compared to Royal Bank of Canada (RY) at 3.19%. This indicates that 3191.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

	3191.HK	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.57%	3.19%	+15.38%
Volatility (6M) Calculated over the trailing 6-month period	32.64%	11.19%	+21.45%
Volatility (1Y) Calculated over the trailing 1-year period	42.00%	14.97%	+27.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.43%	17.95%	+22.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.04%	19.63%	+20.41%

Dividends

3191.HK vs. RY - Dividend Comparison

3191.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
3191.HK Global X China 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 3191.HK and RY in my portfolio?

3191.HK and RY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.