3968.HK vs. 0005.HK

Last updated Apr 3, 2026

Compare and contrast key facts about China Merchants Bank Co Ltd Class H (3968.HK) and HSBC Holdings PLC (0005.HK).

Performance

3968.HK vs. 0005.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Merchants Bank Co Ltd Class H (3968.HK) and HSBC Holdings PLC (0005.HK). The values are adjusted to include any dividend payments, if applicable.

3968.HK vs. 0005.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3968.HK China Merchants Bank Co Ltd Class H	-3.73%	37.37%	56.35%	-34.35%	-25.26%	26.51%	27.02%	43.49%	-4.29%	77.39%
0005.HK HSBC Holdings PLC	9.10%	70.54%	31.34%	39.10%	8.03%	19.47%	-32.78%	0.12%	-14.55%	35.93%

Returns By Period

In the year-to-date period, 3968.HK achieves a -3.73% return, which is significantly lower than 0005.HK's 9.10% return. Both investments have delivered pretty close results over the past 10 years, with 3968.HK having a 16.71% annualized return and 0005.HK not far behind at 16.63%.

3968.HK

• 1D: 1.18%
• 1M: 3.03%
• YTD: -3.73%
• 6M: 9.36%
• 1Y: 16.90%
• 3Y*: 13.99%
• 5Y*: 0.83%
• 10Y*: 16.71%

0005.HK

• 1D: -0.23%
• 1M: -1.67%
• YTD: 9.10%
• 6M: 21.39%
• 1Y: 55.38%
• 3Y*: 43.48%
• 5Y*: 30.92%
• 10Y*: 16.63%

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

Return for Risk

3968.HK vs. 0005.HK — Risk / Return Rank

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

3968.HK

3968.HK Risk / Return Rank: 56
3968.HK Sharpe Ratio Rank: 65
3968.HK Sortino Ratio Rank: 56
3968.HK Omega Ratio Rank: 56
3968.HK Calmar Ratio Rank: 53
3968.HK Martin Ratio Rank: 52

0005.HK

0005.HK Risk / Return Rank: 86
0005.HK Sharpe Ratio Rank: 89
0005.HK Sortino Ratio Rank: 81
0005.HK Omega Ratio Rank: 89
0005.HK Calmar Ratio Rank: 82
0005.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.

3968.HK vs. 0005.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Merchants Bank Co Ltd Class H (3968.HK) and HSBC Holdings PLC (0005.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.

	3968.HK	0005.HK	Difference
Sharpe ratio Return per unit of total volatility	0.72	1.93	-1.21
Sortino ratio Return per unit of downside risk	1.09	2.25	-1.16
Omega ratio Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	0.58	2.77	-2.19
Martin ratio Return relative to average drawdown	1.22	10.30	-9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3968.HK vs. 0005.HK - Sharpe Ratio Comparison

The current 3968.HK Sharpe Ratio is 0.72, which is lower than the 0005.HK Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of 3968.HK and 0005.HK, 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

	3968.HK	0005.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.93	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	1.31	-1.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.72	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.26	+0.10

Correlation

The correlation between 3968.HK and 0005.HK is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

3968.HK vs. 0005.HK - Dividend Comparison

3968.HK's dividend yield for the trailing twelve months is around 6.66%, more than 0005.HK's 4.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3968.HK China Merchants Bank Co Ltd Class H	6.66%	4.15%	5.41%	6.95%	4.09%	2.48%	2.68%	2.67%	3.53%	2.70%	4.46%	4.64%
0005.HK HSBC Holdings PLC	4.50%	4.18%	7.43%	6.59%	4.35%	3.64%	0.52%	6.55%	6.14%	4.98%	6.45%	6.34%

Drawdowns

3968.HK vs. 0005.HK - Drawdown Comparison

The maximum 3968.HK drawdown since its inception was -74.86%, roughly equal to the maximum 0005.HK drawdown of -76.75%. Use the drawdown chart below to compare losses from any high point for 3968.HK and 0005.HK.

Drawdown Indicators

	3968.HK	0005.HK	Difference
Max Drawdown Largest peak-to-trough decline	-74.86%	-76.75%	+1.89%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-17.08%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-61.90%	-31.89%	-30.01%
Max Drawdown (10Y) Largest decline over 10 years	-61.90%	-62.94%	+1.04%
Current Drawdown Current decline from peak	-12.50%	-9.34%	-3.16%
Average Drawdown Average peak-to-trough decline	-26.42%	-20.98%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.71%	5.34%	+2.37%

Volatility

3968.HK vs. 0005.HK - Volatility Comparison

The current volatility for China Merchants Bank Co Ltd Class H (3968.HK) is 5.70%, while HSBC Holdings PLC (0005.HK) has a volatility of 12.36%. This indicates that 3968.HK experiences smaller price fluctuations and is considered to be less risky than 0005.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3968.HK	0005.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	12.36%	-6.66%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	21.36%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	24.27%	29.61%	-5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.23%	24.23%	+13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.23%	23.54%	+10.69%

Financials