3993.HK vs. ^HSI

Last updated Jul 21, 2026

3993.HK (CMOC Group Ltd) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 3993.HK returned 27.72%/yr vs 1.36%/yr for ^HSI. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

3993.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CMOC Group Ltd (3993.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3993.HK achieves a -14.67% return, which is significantly lower than ^HSI's -1.90% return. Over the past 10 years, 3993.HK has outperformed ^HSI with an annualized return of 27.72%, while ^HSI has yielded a comparatively lower 1.36% annualized return.

3993.HK

• 1D: 4.13%
• 1M: -14.52%
• 6M: -23.85%
• YTD: -14.67%
• 1Y: 91.56%
• 3Y*: 53.23%
• 5Y*: 26.38%
• 10Y*: 27.72%
• ALL TIME*: 14.16%

^HSI

• 1D: 0.00%
• 1M: 5.09%
• 6M: -5.08%
• YTD: -1.90%
• 1Y: 0.60%
• 3Y*: 9.64%
• 5Y*: -1.94%
• 10Y*: 1.36%
• ALL TIME*: 5.94%

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

3993.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3993.HK CMOC Group Ltd	-14.67%	281.04%	25.95%	21.30%	-10.78%	-18.04%	54.47%	21.16%	-41.40%	170.01%
^HSI Hang Seng Index	-1.90%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Correlation

The correlation between 3993.HK and ^HSI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 26, 2007	0.57

The correlation between 3993.HK and ^HSI has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

Return for Risk

3993.HK vs. ^HSI — Risk / Return Rank

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

3993.HK

3993.HK Risk / Return Rank: 85
3993.HK Sharpe Ratio Rank: 90
3993.HK Sortino Ratio Rank: 85
3993.HK Omega Ratio Rank: 83
3993.HK Calmar Ratio Rank: 85
3993.HK Martin Ratio Rank: 83

^HSI

^HSI Risk / Return Rank: 6
^HSI Sharpe Ratio Rank: 5
^HSI Sortino Ratio Rank: 6
^HSI Omega Ratio Rank: 6
^HSI Calmar Ratio Rank: 5
^HSI Martin Ratio Rank: 5

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.

3993.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CMOC Group Ltd (3993.HK) and Hang Seng Index (^HSI). 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.

	3993.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.03	+1.75
Sortino ratio: Return per unit of downside risk	2.37	0.19	+2.19
Omega ratio: Gain probability vs. loss probability	1.28	1.02	+0.26
Calmar ratio: Return relative to maximum drawdown	2.67	0.03	+2.64
Martin ratio: Return relative to average drawdown	6.08	0.09	+6.00

3993.HK vs. ^HSI - Sharpe Ratio Comparison

The current 3993.HK Sharpe Ratio is 1.78, which is higher than the ^HSI Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of 3993.HK and ^HSI, 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

3993.HK vs. ^HSI - Drawdown Comparison

The maximum 3993.HK drawdown since its inception was -92.39%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 3993.HK and ^HSI.

Drawdown Indicators

	3993.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-92.39%	-65.18%	-27.21%
Max Drawdown (1Y) Largest decline over 1 year	-39.71%	-18.94%	-20.77%
Max Drawdown (3Y) Largest decline over 3 years	-41.91%	-25.49%	-16.42%
Max Drawdown (5Y) Largest decline over 5 years	-62.23%	-46.24%	-15.99%
Max Drawdown (10Y) Largest decline over 10 years	-68.57%	-55.70%	-12.87%
Current Drawdown Current decline from peak	-33.75%	-24.16%	-9.59%
Average Drawdown Average peak-to-trough decline	-45.32%	-24.80%	-20.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	7.08%	+10.10%

Volatility

3993.HK vs. ^HSI - Volatility Comparison

CMOC Group Ltd (3993.HK) has a higher volatility of 20.37% compared to Hang Seng Index (^HSI) at 6.21%. This indicates that 3993.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3993.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.37%	6.21%	+14.16%
Volatility (6M) Calculated over the trailing 6-month period	44.39%	14.40%	+29.99%
Volatility (1Y) Calculated over the trailing 1-year period	59.67%	19.12%	+40.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.90%	25.39%	+25.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.79%	21.98%	+29.81%

Frequently Asked Questions

Can I hold both 3993.HK and ^HSI in my portfolio?

3993.HK and ^HSI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.