9633.HK vs. 0981.HK

Last updated Aug 1, 2026

9633.HK (Nongfu Spring Co Ltd) and 0981.HK (Semiconductor Manufacturing International Corp) are both stocks. 9633.HK operates in Beverages - Non-Alcoholic (Consumer Defensive), while 0981.HK operates in Semiconductors (Technology). Over the past 5 years, 9633.HK returned 3.83%/yr vs 18.43%/yr for 0981.HK. Their 0.32 correlation means their historical movements had little consistent relationship.

Performance

9633.HK vs. 0981.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Nongfu Spring Co Ltd (9633.HK) and Semiconductor Manufacturing International Corp (0981.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 9633.HK achieves a -4.03% return, which is significantly higher than 0981.HK's -11.48% return.

9633.HK

• 1D: -3.91%
• 1M: 10.50%
• 6M: -6.23%
• YTD: -4.03%
• 1Y: -1.09%
• 3Y*: 1.07%
• 5Y*: 3.83%
• 10Y*: —
• ALL TIME*: 3.42%

0981.HK

• 1D: 2.02%
• 1M: -29.25%
• 6M: -16.11%
• YTD: -11.48%
• 1Y: 23.78%
• 3Y*: 48.64%
• 5Y*: 18.43%
• 10Y*: 25.55%
• ALL TIME*: 8.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
0981.HK Semiconductor Manufacturing International Corp	HK$8.53B	HK$10.34B	HK$11.02B
9633.HK Nongfu Spring Co Ltd	HK$433.58M	HK$362.68M	HK$322.08M

9633.HK vs. 0981.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
9633.HK Nongfu Spring Co Ltd	-4.03%	40.97%	-23.43%	4.31%	-13.19%	-5.81%	37.94%
0981.HK Semiconductor Manufacturing International Corp	-11.48%	124.69%	60.12%	18.78%	-10.40%	-16.32%	22.26%

Correlation

The correlation between 9633.HK and 0981.HK is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.34
Correlation (All Time) Calculated using the full available price history since Sep 8, 2020	0.32

The correlation between 9633.HK and 0981.HK shifts across timeframes, from 0.25 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

9633.HK vs. 0981.HK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

9633.HK

9633.HK Risk / Return Rank: 41
9633.HK Sharpe Ratio Rank: 43
9633.HK Sortino Ratio Rank: 38
9633.HK Omega Ratio Rank: 37
9633.HK Calmar Ratio Rank: 43
9633.HK Martin Ratio Rank: 43

0981.HK

0981.HK Risk / Return Rank: 59
0981.HK Sharpe Ratio Rank: 60
0981.HK Sortino Ratio Rank: 60
0981.HK Omega Ratio Rank: 56
0981.HK Calmar Ratio Rank: 59
0981.HK Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

9633.HK vs. 0981.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nongfu Spring Co Ltd (9633.HK) and Semiconductor Manufacturing International Corp (0981.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.

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.

	9633.HK	0981.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	0.40	-0.43
Sortino ratio: Return per unit of downside risk	0.20	1.03	-0.83
Omega ratio: Gain probability vs. loss probability	1.02	1.12	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.04	0.55	-0.59
Martin ratio: Return relative to average drawdown	-0.07	1.15	-1.22

9633.HK vs. 0981.HK - Sharpe Ratio Comparison

The current 9633.HK Sharpe Ratio is -0.03, which is lower than the 0981.HK Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of 9633.HK and 0981.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.

Drawdowns

9633.HK vs. 0981.HK - Drawdown Comparison

The maximum 9633.HK drawdown since its inception was -61.39%, smaller than the maximum 0981.HK drawdown of -90.93%. Use the drawdown chart below to compare losses from any high point for 9633.HK and 0981.HK.

Drawdown Indicators

	9633.HK	0981.HK	Difference
Max Drawdown Largest peak-to-trough decline	-61.39%	-90.93%	+29.54%
Max Drawdown (1Y) Largest decline over 1 year	-27.48%	-44.32%	+16.84%
Max Drawdown (3Y) Largest decline over 3 years	-48.29%	-44.32%	-3.97%
Max Drawdown (5Y) Largest decline over 5 years	-51.40%	-50.20%	-1.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.58%	—
Current Drawdown Current decline from peak	-27.16%	-30.53%	+3.37%
Average Drawdown Average peak-to-trough decline	-31.88%	-44.32%	+12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.25%	21.08%	-5.83%

Volatility

9633.HK vs. 0981.HK - Volatility Comparison

The current volatility for Nongfu Spring Co Ltd (9633.HK) is 12.76%, while Semiconductor Manufacturing International Corp (0981.HK) has a volatility of 21.16%. This indicates that 9633.HK experiences smaller price fluctuations and is considered to be less risky than 0981.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	9633.HK	0981.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.76%	21.16%	-8.40%
Volatility (6M) Calculated over the trailing 6-month period	26.58%	45.04%	-18.46%
Volatility (1Y) Calculated over the trailing 1-year period	33.56%	61.40%	-27.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.12%	53.21%	-18.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.13%	53.91%	-15.78%

Dividends

9633.HK vs. 0981.HK - Dividend Comparison

9633.HK's dividend yield for the trailing twelve months is around 2.58%, while 0981.HK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
0981.HK Semiconductor Manufacturing International Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
9633.HK Nongfu Spring Co Ltd	2.58%	1.75%	2.42%	1.71%	1.20%	0.40%

Financials

Frequently Asked Questions

Can I hold both 9633.HK and 0981.HK in my portfolio?

9633.HK and 0981.HK have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.