9633.HK vs. 3690.HK

Last updated Jun 5, 2026

9633.HK (Nongfu Spring Co Ltd) and 3690.HK (Meituan) are both stocks. 9633.HK operates in Beverages - Non-Alcoholic (Consumer Defensive), while 3690.HK operates in Internet Retail (Consumer Cyclical). Over the past 5 years, 9633.HK returned 1.87%/yr vs -23.61%/yr for 3690.HK. At a 0.46 correlation, their price movements are largely independent.

Performance

9633.HK vs. 3690.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Nongfu Spring Co Ltd (9633.HK) and Meituan (3690.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 -6.13% return, which is significantly higher than 3690.HK's -23.91% return.

9633.HK

• 1D: -1.15%
• 1M: -4.63%
• YTD: -6.13%
• 6M: -8.55%
• 1Y: 12.88%
• 3Y*: 2.16%
• 5Y*: 1.87%
• 10Y*: —

3690.HK

• 1D: -2.24%
• 1M: -4.73%
• YTD: -23.91%
• 6M: -20.65%
• 1Y: -45.57%
• 3Y*: -13.54%
• 5Y*: -23.61%
• 10Y*: —

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

9633.HK vs. 3690.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
9633.HK Nongfu Spring Co Ltd	-6.13%	40.97%	-23.43%	4.31%	-13.19%	-5.81%	65.86%
3690.HK Meituan	-23.91%	-31.91%	85.23%	-53.12%	-22.49%	-23.49%	23.78%

Correlation

The correlation between 9633.HK and 3690.HK is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.46

Return for Risk

9633.HK vs. 3690.HK — Risk / Return Rank

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

9633.HK

9633.HK Risk / Return Rank: 52
9633.HK Sharpe Ratio Rank: 56
9633.HK Sortino Ratio Rank: 52
9633.HK Omega Ratio Rank: 48
9633.HK Calmar Ratio Rank: 52
9633.HK Martin Ratio Rank: 53

3690.HK

3690.HK Risk / Return Rank: 6
3690.HK Sharpe Ratio Rank: 3
3690.HK Sortino Ratio Rank: 3
3690.HK Omega Ratio Rank: 5
3690.HK Calmar Ratio Rank: 7
3690.HK Martin Ratio Rank: 11

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.

9633.HK vs. 3690.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nongfu Spring Co Ltd (9633.HK) and Meituan (3690.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.

	9633.HK	3690.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-1.10	+1.52
Sortino ratio: Return per unit of downside risk	0.89	-1.82	+2.71
Omega ratio: Gain probability vs. loss probability	1.09	0.80	+0.29
Calmar ratio: Return relative to maximum drawdown	0.49	-0.89	+1.38
Martin ratio: Return relative to average drawdown	1.05	-1.33	+2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

9633.HK vs. 3690.HK - Sharpe Ratio Comparison

The current 9633.HK Sharpe Ratio is 0.42, which is higher than the 3690.HK Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of 9633.HK and 3690.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

	9633.HK	3690.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	-1.10	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	-0.42	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.02	+0.16

Drawdowns

9633.HK vs. 3690.HK - Drawdown Comparison

The maximum 9633.HK drawdown since its inception was -61.39%, smaller than the maximum 3690.HK drawdown of -86.14%. Use the drawdown chart below to compare losses from any high point for 9633.HK and 3690.HK.

Drawdown Indicators

	9633.HK	3690.HK	Difference
Max Drawdown Largest peak-to-trough decline	-61.39%	-86.14%	+24.75%
Max Drawdown (1Y) Largest decline over 1 year	-26.81%	-50.61%	+23.80%
Max Drawdown (3Y) Largest decline over 3 years	-48.29%	-65.65%	+17.36%
Max Drawdown (5Y) Largest decline over 5 years	-51.40%	-81.05%	+29.65%
Current Drawdown Current decline from peak	-28.76%	-82.59%	+53.83%
Average Drawdown Average peak-to-trough decline	-31.84%	-48.63%	+16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.26%	33.40%	-21.14%

Volatility

9633.HK vs. 3690.HK - Volatility Comparison

The current volatility for Nongfu Spring Co Ltd (9633.HK) is 7.41%, while Meituan (3690.HK) has a volatility of 16.17%. This indicates that 9633.HK experiences smaller price fluctuations and is considered to be less risky than 3690.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	9633.HK	3690.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	16.17%	-8.76%
Volatility (6M) Calculated over the trailing 6-month period	24.01%	31.27%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	31.03%	41.11%	-10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.83%	57.82%	-22.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.35%	57.16%	-19.81%

Dividends

9633.HK vs. 3690.HK - Dividend Comparison

9633.HK's dividend yield for the trailing twelve months is around 2.64%, while 3690.HK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
3690.HK Meituan	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
9633.HK Nongfu Spring Co Ltd	2.64%	1.75%	2.42%	1.71%	1.20%	0.40%

Financials

Frequently Asked Questions

Can I hold both 9633.HK and 3690.HK in my portfolio?

9633.HK and 3690.HK have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.