3968.HK vs. DBSDY

Last updated Jun 5, 2026

3968.HK (China Merchants Bank Co Ltd Class H) and DBSDY (DBS Group Holdings Ltd ADR) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, 3968.HK returned 16.33%/yr vs 23.03%/yr for DBSDY. At a 0.22 correlation, their price movements are largely independent.

Performance

3968.HK vs. DBSDY - 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 DBS Group Holdings Ltd ADR (DBSDY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3968.HK is traded in HKD, while DBSDY is traded in USD. To make them comparable, the DBSDY values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3968.HK achieves a -7.76% return, which is significantly lower than DBSDY's 14.71% return. Over the past 10 years, 3968.HK has underperformed DBSDY with an annualized return of 16.33%, while DBSDY has yielded a comparatively higher 23.03% annualized return.

3968.HK

• 1D: -0.50%
• 1M: 1.23%
• YTD: -7.76%
• 6M: -9.31%
• 1Y: 0.36%
• 3Y*: 15.60%
• 5Y*: -2.97%
• 10Y*: 16.33%

DBSDY

• 1D: -2.52%
• 1M: 6.38%
• YTD: 14.71%
• 6M: 20.74%
• 1Y: 46.22%
• 3Y*: 39.59%
• 5Y*: 25.67%
• 10Y*: 23.03%

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

3968.HK vs. DBSDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3968.HK China Merchants Bank Co Ltd Class H	-7.76%	37.37%	56.35%	-34.35%	-25.26%	26.51%	27.02%	43.49%	-4.29%	77.39%
DBSDY DBS Group Holdings Ltd ADR	14.71%	45.01%	46.66%	7.12%	8.81%	33.05%	1.25%	17.54%	-0.71%	64.79%

Correlation

The correlation between 3968.HK and DBSDY is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.22

The correlation between 3968.HK and DBSDY shifts across timeframes, from 0.02 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

3968.HK vs. DBSDY — 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: 41
3968.HK Sharpe Ratio Rank: 44
3968.HK Sortino Ratio Rank: 37
3968.HK Omega Ratio Rank: 36
3968.HK Calmar Ratio Rank: 44
3968.HK Martin Ratio Rank: 43

DBSDY

DBSDY Risk / Return Rank: 93
DBSDY Sharpe Ratio Rank: 94
DBSDY Sortino Ratio Rank: 96
DBSDY Omega Ratio Rank: 94
DBSDY Calmar Ratio Rank: 91
DBSDY Martin Ratio Rank: 93

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. DBSDY - 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 DBS Group Holdings Ltd ADR (DBSDY). 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	DBSDY	Difference
Sharpe ratio: Return per unit of total volatility	0.08	2.83	-2.75
Sortino ratio: Return per unit of downside risk	0.26	4.14	-3.88
Omega ratio: Gain probability vs. loss probability	1.03	1.51	-0.48
Calmar ratio: Return relative to maximum drawdown	0.10	5.02	-4.92
Martin ratio: Return relative to average drawdown	0.19	15.05	-14.86
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. DBSDY - Sharpe Ratio Comparison

The current 3968.HK Sharpe Ratio is 0.08, which is lower than the DBSDY Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of 3968.HK and DBSDY, 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

	3968.HK	DBSDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	2.83	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	1.37	-1.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	1.07	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.40	-0.04

Drawdowns

3968.HK vs. DBSDY - Drawdown Comparison

The maximum 3968.HK drawdown since its inception was -74.86%, roughly equal to the maximum DBSDY drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for 3968.HK and DBSDY.

Drawdown Indicators

	3968.HK	DBSDY	Difference
Max Drawdown Largest peak-to-trough decline	-74.86%	-74.61%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-9.26%	-7.04%
Max Drawdown (3Y) Largest decline over 3 years	-36.28%	-18.79%	-17.49%
Max Drawdown (5Y) Largest decline over 5 years	-61.90%	-21.42%	-40.48%
Max Drawdown (10Y) Largest decline over 10 years	-61.90%	-44.60%	-17.30%
Current Drawdown Current decline from peak	-16.16%	-3.44%	-12.72%
Average Drawdown Average peak-to-trough decline	-26.33%	-15.15%	-11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	3.08%	+5.34%

Volatility

3968.HK vs. DBSDY - Volatility Comparison

China Merchants Bank Co Ltd Class H (3968.HK) and DBS Group Holdings Ltd ADR (DBSDY) have volatilities of 4.71% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3968.HK	DBSDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.55%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	12.02%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.47%	16.42%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.99%	18.81%	+18.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.19%	21.68%	+12.51%

Dividends

3968.HK vs. DBSDY - Dividend Comparison

3968.HK's dividend yield for the trailing twelve months is around 6.95%, more than DBSDY's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3968.HK China Merchants Bank Co Ltd Class H	6.95%	4.15%	5.41%	6.95%	4.09%	2.48%	2.68%	2.67%	3.53%	2.70%	4.46%	4.64%
DBSDY DBS Group Holdings Ltd ADR	4.24%	4.42%	4.94%	6.76%	4.09%	3.11%	2.55%	6.59%	7.22%	3.53%	7.42%	3.77%

Financials

Frequently Asked Questions

Can I hold both 3968.HK and DBSDY in my portfolio?

3968.HK and DBSDY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.