9888.HK vs. 3690.HK

Last updated Jun 5, 2026

9888.HK (Baidu Inc) and 3690.HK (Meituan) are both stocks. 9888.HK operates in Internet Content & Information (Communication Services), while 3690.HK operates in Internet Retail (Consumer Cyclical). Over the past 5 years, 9888.HK returned -6.76%/yr vs -23.61%/yr for 3690.HK. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

9888.HK vs. 3690.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Baidu Inc (9888.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, 9888.HK achieves a -1.06% return, which is significantly higher than 3690.HK's -23.91% return.

9888.HK

• 1D: -2.11%
• 1M: -1.14%
• YTD: -1.06%
• 6M: 6.99%
• 1Y: 54.97%
• 3Y*: 0.05%
• 5Y*: -6.76%
• 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)

9888.HK vs. 3690.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
9888.HK Baidu Inc	-1.06%	59.01%	-28.77%	3.94%	-22.75%	-42.62%
3690.HK Meituan	-23.91%	-31.91%	85.23%	-53.12%	-22.49%	-25.81%

Correlation

The correlation between 9888.HK and 3690.HK is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021	0.66

The correlation between 9888.HK and 3690.HK shifts across timeframes, from 0.49 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

9888.HK vs. 3690.HK — Risk / Return Rank

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

9888.HK

9888.HK Risk / Return Rank: 73
9888.HK Sharpe Ratio Rank: 77
9888.HK Sortino Ratio Rank: 76
9888.HK Omega Ratio Rank: 71
9888.HK Calmar Ratio Rank: 72
9888.HK Martin Ratio Rank: 71

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.

9888.HK vs. 3690.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baidu Inc (9888.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.

	9888.HK	3690.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.26	-1.10	+2.35
Sortino ratio: Return per unit of downside risk	2.05	-1.82	+3.87
Omega ratio: Gain probability vs. loss probability	1.23	0.80	+0.43
Calmar ratio: Return relative to maximum drawdown	1.71	-0.89	+2.59
Martin ratio: Return relative to average drawdown	3.85	-1.33	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

9888.HK vs. 3690.HK - Sharpe Ratio Comparison

The current 9888.HK Sharpe Ratio is 1.26, which is higher than the 3690.HK Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of 9888.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

	9888.HK	3690.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	-1.10	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	-0.42	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.02	-0.26

Drawdowns

9888.HK vs. 3690.HK - Drawdown Comparison

The maximum 9888.HK drawdown since its inception was -70.20%, smaller than the maximum 3690.HK drawdown of -86.14%. Use the drawdown chart below to compare losses from any high point for 9888.HK and 3690.HK.

Drawdown Indicators

	9888.HK	3690.HK	Difference
Max Drawdown Largest peak-to-trough decline	-70.20%	-86.14%	+15.94%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-50.61%	+16.40%
Max Drawdown (3Y) Largest decline over 3 years	-50.62%	-65.65%	+15.03%
Max Drawdown (5Y) Largest decline over 5 years	-62.34%	-81.05%	+18.71%
Current Drawdown Current decline from peak	-48.37%	-82.59%	+34.22%
Average Drawdown Average peak-to-trough decline	-51.45%	-48.63%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.00%	33.40%	-18.40%

Volatility

9888.HK vs. 3690.HK - Volatility Comparison

The current volatility for Baidu Inc (9888.HK) is 14.04%, while Meituan (3690.HK) has a volatility of 16.17%. This indicates that 9888.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

	9888.HK	3690.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.04%	16.17%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	31.57%	31.27%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	46.49%	41.11%	+5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.67%	57.82%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.42%	57.16%	-5.74%

Dividends

9888.HK vs. 3690.HK - Dividend Comparison

Neither 9888.HK nor 3690.HK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both 9888.HK and 3690.HK in my portfolio?

9888.HK and 3690.HK have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.