9626.HK vs. 9988.HK

Last updated Jun 5, 2026

9626.HK (Bilibili Inc) and 9988.HK (Alibaba Group Holding Ltd) are both stocks. 9626.HK operates in Electronic Gaming & Multimedia (Communication Services), while 9988.HK operates in Internet Retail (Consumer Cyclical). Over the past 5 years, 9626.HK returned -29.65%/yr vs -9.45%/yr for 9988.HK. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

9626.HK vs. 9988.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Bilibili Inc (9626.HK) and Alibaba Group Holding Ltd (9988.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 9626.HK achieves a -26.33% return, which is significantly lower than 9988.HK's -13.52% return.

9626.HK

• 1D: -1.39%
• 1M: -16.26%
• YTD: -26.33%
• 6M: -30.27%
• 1Y: -2.47%
• 3Y*: 5.71%
• 5Y*: -29.65%
• 10Y*: —

9988.HK

• 1D: -2.45%
• 1M: -7.97%
• YTD: -13.52%
• 6M: -20.32%
• 1Y: 5.31%
• 3Y*: 15.63%
• 5Y*: -9.45%
• 10Y*: —

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

9626.HK vs. 9988.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
9626.HK Bilibili Inc	-26.33%	35.85%	51.71%	-49.89%	-47.91%	-55.17%
9988.HK Alibaba Group Holding Ltd	-13.52%	73.87%	11.01%	-11.14%	-27.46%	-45.00%

Correlation

The correlation between 9626.HK and 9988.HK is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.69

The correlation between 9626.HK and 9988.HK has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

9626.HK vs. 9988.HK — Risk / Return Rank

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

9626.HK

9626.HK Risk / Return Rank: 40
9626.HK Sharpe Ratio Rank: 41
9626.HK Sortino Ratio Rank: 39
9626.HK Omega Ratio Rank: 38
9626.HK Calmar Ratio Rank: 41
9626.HK Martin Ratio Rank: 41

9988.HK

9988.HK Risk / Return Rank: 47
9988.HK Sharpe Ratio Rank: 49
9988.HK Sortino Ratio Rank: 47
9988.HK Omega Ratio Rank: 43
9988.HK Calmar Ratio Rank: 48
9988.HK Martin Ratio Rank: 48

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.

9626.HK vs. 9988.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc (9626.HK) and Alibaba Group Holding Ltd (9988.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.

	9626.HK	9988.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	0.19	-0.19
Sortino ratio: Return per unit of downside risk	0.37	0.68	-0.31
Omega ratio: Gain probability vs. loss probability	1.04	1.07	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.00	0.25	-0.25
Martin ratio: Return relative to average drawdown	-0.00	0.48	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

9626.HK vs. 9988.HK - Sharpe Ratio Comparison

The current 9626.HK Sharpe Ratio is -0.00, which is lower than the 9988.HK Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of 9626.HK and 9988.HK, 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

	9626.HK	9988.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	0.19	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	-0.19	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	-0.12	-0.27

Drawdowns

9626.HK vs. 9988.HK - Drawdown Comparison

The maximum 9626.HK drawdown since its inception was -93.06%, which is greater than 9988.HK's maximum drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for 9626.HK and 9988.HK.

Drawdown Indicators

	9626.HK	9988.HK	Difference
Max Drawdown Largest peak-to-trough decline	-93.06%	-80.01%	-13.05%
Max Drawdown (1Y) Largest decline over 1 year	-52.85%	-35.98%	-16.87%
Max Drawdown (3Y) Largest decline over 3 years	-52.85%	-35.98%	-16.87%
Max Drawdown (5Y) Largest decline over 5 years	-93.06%	-72.32%	-20.74%
Current Drawdown Current decline from peak	-85.49%	-58.38%	-27.11%
Average Drawdown Average peak-to-trough decline	-75.67%	-51.96%	-23.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.07%	18.31%	+2.76%

Volatility

9626.HK vs. 9988.HK - Volatility Comparison

Bilibili Inc (9626.HK) has a higher volatility of 16.60% compared to Alibaba Group Holding Ltd (9988.HK) at 13.41%. This indicates that 9626.HK's price experiences larger fluctuations and is considered to be riskier than 9988.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	9626.HK	9988.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	13.41%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	33.32%	30.16%	+3.16%
Volatility (1Y) Calculated over the trailing 1-year period	48.80%	46.39%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.50%	51.96%	+23.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.86%	49.36%	+25.50%

Dividends

9626.HK vs. 9988.HK - Dividend Comparison

9626.HK has not paid dividends to shareholders, while 9988.HK's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023
9626.HK Bilibili Inc	0.00%	0.00%	0.00%	0.00%
9988.HK Alibaba Group Holding Ltd	0.83%	0.72%	1.18%	1.29%

Financials

Frequently Asked Questions

Can I hold both 9626.HK and 9988.HK in my portfolio?

9626.HK and 9988.HK have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.