3998.HK vs. BAG.L

Last updated Jun 5, 2026

3998.HK (Bosideng International Holdings Ltd) and BAG.L (A.G.Barr plc) are both stocks. 3998.HK operates in Apparel Manufacturing (Consumer Cyclical), while BAG.L operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, 3998.HK returned 27.13%/yr vs 3.05%/yr for BAG.L. At a 0.02 correlation, their price movements are largely independent.

Performance

3998.HK vs. BAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Bosideng International Holdings Ltd (3998.HK) and A.G.Barr plc (BAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3998.HK is traded in HKD, while BAG.L is traded in GBp. To make them comparable, the BAG.L values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3998.HK achieves a -1.12% return, which is significantly lower than BAG.L's 0.07% return. Over the past 10 years, 3998.HK has outperformed BAG.L with an annualized return of 27.13%, while BAG.L has yielded a comparatively lower 3.05% annualized return.

3998.HK

• 1D: -1.78%
• 1M: 2.32%
• YTD: -1.12%
• 6M: -11.68%
• 1Y: 6.59%
• 3Y*: 14.54%
• 5Y*: 5.21%
• 10Y*: 27.13%

BAG.L

• 1D: -0.98%
• 1M: -2.92%
• YTD: 0.07%
• 6M: -0.21%
• 1Y: -11.69%
• 3Y*: 11.29%
• 5Y*: 4.84%
• 10Y*: 3.05%

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

3998.HK vs. BAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3998.HK Bosideng International Holdings Ltd	-1.12%	21.65%	18.38%	0.43%	-21.19%	28.01%	45.30%	95.97%	125.60%	6.11%
BAG.L A.G.Barr plc	0.07%	13.19%	19.22%	3.96%	-5.79%	1.73%	-8.19%	-22.20%	14.45%	50.01%

Correlation

The correlation between 3998.HK and BAG.L is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007	0.02

Return for Risk

3998.HK vs. BAG.L — Risk / Return Rank

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

3998.HK

3998.HK Risk / Return Rank: 46
3998.HK Sharpe Ratio Rank: 51
3998.HK Sortino Ratio Rank: 43
3998.HK Omega Ratio Rank: 43
3998.HK Calmar Ratio Rank: 48
3998.HK Martin Ratio Rank: 48

BAG.L

BAG.L Risk / Return Rank: 13
BAG.L Sharpe Ratio Rank: 16
BAG.L Sortino Ratio Rank: 15
BAG.L Omega Ratio Rank: 17
BAG.L Calmar Ratio Rank: 12
BAG.L Martin Ratio Rank: 7

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.

3998.HK vs. BAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bosideng International Holdings Ltd (3998.HK) and A.G.Barr plc (BAG.L). 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.

	3998.HK	BAG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.25	-0.59	+0.83
Sortino ratio: Return per unit of downside risk	0.53	-0.76	+1.28
Omega ratio: Gain probability vs. loss probability	1.07	0.92	+0.15
Calmar ratio: Return relative to maximum drawdown	0.29	-0.76	+1.05
Martin ratio: Return relative to average drawdown	0.64	-1.34	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3998.HK vs. BAG.L - Sharpe Ratio Comparison

The current 3998.HK Sharpe Ratio is 0.25, which is higher than the BAG.L Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of 3998.HK and BAG.L, 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

	3998.HK	BAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	-0.59	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.20	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.10	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.19	-0.04

Drawdowns

3998.HK vs. BAG.L - Drawdown Comparison

The maximum 3998.HK drawdown since its inception was -85.06%, which is greater than BAG.L's maximum drawdown of -61.59%. Use the drawdown chart below to compare losses from any high point for 3998.HK and BAG.L.

Drawdown Indicators

	3998.HK	BAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.06%	-61.59%	-23.47%
Max Drawdown (1Y) Largest decline over 1 year	-23.02%	-15.33%	-7.69%
Max Drawdown (3Y) Largest decline over 3 years	-27.67%	-23.05%	-4.62%
Max Drawdown (5Y) Largest decline over 5 years	-53.74%	-36.54%	-17.20%
Max Drawdown (10Y) Largest decline over 10 years	-62.76%	-61.59%	-1.17%
Current Drawdown Current decline from peak	-18.47%	-23.23%	+4.76%
Average Drawdown Average peak-to-trough decline	-45.67%	-23.35%	-22.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.43%	8.68%	+1.75%

Volatility

3998.HK vs. BAG.L - Volatility Comparison

Bosideng International Holdings Ltd (3998.HK) has a higher volatility of 8.27% compared to A.G.Barr plc (BAG.L) at 4.96%. This indicates that 3998.HK's price experiences larger fluctuations and is considered to be riskier than BAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3998.HK	BAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	4.96%	+3.31%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	15.76%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	19.91%	+7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.44%	24.64%	+13.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	29.31%	+13.91%

Dividends

3998.HK vs. BAG.L - Dividend Comparison

3998.HK's dividend yield for the trailing twelve months is around 6.42%, more than BAG.L's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3998.HK Bosideng International Holdings Ltd	6.42%	6.35%	6.68%	5.27%	4.85%	2.95%	2.41%	3.20%	3.04%	4.41%	3.88%	3.28%
BAG.L A.G.Barr plc	3.08%	2.76%	2.55%	2.58%	2.35%	2.32%	0.00%	2.89%	1.99%	2.19%	2.69%	2.32%

Financials

Frequently Asked Questions

Can I hold both 3998.HK and BAG.L in my portfolio?

3998.HK and BAG.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.