3988.HK vs. IDCBY

Last updated Apr 3, 2026

Compare and contrast key facts about Bank of China Limited (3988.HK) and Industrial and Commercial Bank of China Limited (IDCBY).

Performance

3988.HK vs. IDCBY - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Bank of China Limited (3988.HK) and Industrial and Commercial Bank of China Limited (IDCBY). The values are adjusted to include any dividend payments, if applicable.

3988.HK vs. IDCBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3988.HK Bank of China Limited	13.45%	22.65%	43.37%	14.21%	10.25%	14.66%	-14.78%	4.69%	-6.88%	17.45%
IDCBY Industrial and Commercial Bank of China Limited	11.30%	32.39%	46.45%	3.89%	-1.88%	-5.89%	-12.93%	12.42%	-7.88%	43.11%

Different Trading Currencies

3988.HK is traded in HKD, while IDCBY is traded in USD. To make them comparable, the IDCBY values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3988.HK achieves a 13.45% return, which is significantly higher than IDCBY's 11.30% return. Both investments have delivered pretty close results over the past 10 years, with 3988.HK having a 12.47% annualized return and IDCBY not far ahead at 12.77%.

3988.HK

• 1D: 1.00%
• 1M: 10.96%
• YTD: 13.45%
• 6M: 21.92%
• 1Y: 14.35%
• 3Y*: 29.06%
• 5Y*: 20.94%
• 10Y*: 12.47%

IDCBY

• 1D: 1.55%
• 1M: 9.27%
• YTD: 11.30%
• 6M: 25.67%
• 1Y: 33.75%
• 3Y*: 29.48%
• 5Y*: 13.05%
• 10Y*: 12.77%

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

Return for Risk

3988.HK vs. IDCBY — Risk / Return Rank

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

3988.HK

3988.HK Risk / Return Rank: 61
3988.HK Sharpe Ratio Rank: 65
3988.HK Sortino Ratio Rank: 55
3988.HK Omega Ratio Rank: 57
3988.HK Calmar Ratio Rank: 65
3988.HK Martin Ratio Rank: 65

IDCBY

IDCBY Risk / Return Rank: 82
IDCBY Sharpe Ratio Rank: 85
IDCBY Sortino Ratio Rank: 82
IDCBY Omega Ratio Rank: 78
IDCBY Calmar Ratio Rank: 81
IDCBY Martin Ratio Rank: 84

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.

3988.HK vs. IDCBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of China Limited (3988.HK) and Industrial and Commercial Bank of China Limited (IDCBY). 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.

	3988.HK	IDCBY	Difference
Sharpe ratio Return per unit of total volatility	0.73	1.69	-0.96
Sortino ratio Return per unit of downside risk	1.01	2.33	-1.32
Omega ratio Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio Return relative to maximum drawdown	1.26	2.72	-1.46
Martin ratio Return relative to average drawdown	3.00	8.00	-5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3988.HK vs. IDCBY - Sharpe Ratio Comparison

The current 3988.HK Sharpe Ratio is 0.73, which is lower than the IDCBY Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of 3988.HK and IDCBY, 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

	3988.HK	IDCBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	1.69	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.62	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.56	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.16	+0.16

Correlation

The correlation between 3988.HK and IDCBY is 0.59, 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

3988.HK vs. IDCBY - Dividend Comparison

3988.HK's dividend yield for the trailing twelve months is around 4.97%, more than IDCBY's 4.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3988.HK Bank of China Limited	4.97%	8.56%	6.53%	8.45%	9.12%	8.46%	7.90%	6.33%	6.26%	5.01%	6.02%	6.86%
IDCBY Industrial and Commercial Bank of China Limited	4.81%	7.76%	6.36%	8.69%	8.61%	7.32%	4.84%	3.91%	4.48%	3.49%	12.32%	7.11%

Drawdowns

3988.HK vs. IDCBY - Drawdown Comparison

The maximum 3988.HK drawdown since its inception was -66.11%, smaller than the maximum IDCBY drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for 3988.HK and IDCBY.

Drawdown Indicators

	3988.HK	IDCBY	Difference
Max Drawdown Largest peak-to-trough decline	-66.11%	-78.73%	+12.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-11.46%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.25%	-30.39%	+13.14%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-39.70%	-0.86%
Current Drawdown Current decline from peak	0.00%	-1.62%	+1.62%
Average Drawdown Average peak-to-trough decline	-19.93%	-49.47%	+29.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	4.02%	+1.27%

Volatility

3988.HK vs. IDCBY - Volatility Comparison

The current volatility for Bank of China Limited (3988.HK) is 4.64%, while Industrial and Commercial Bank of China Limited (IDCBY) has a volatility of 6.15%. This indicates that 3988.HK experiences smaller price fluctuations and is considered to be less risky than IDCBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3988.HK	IDCBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	6.15%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	13.11%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	20.24%	20.10%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	21.24%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	22.91%	-3.90%

Financials