9923.HK vs. 6060.HK

Last updated Jun 5, 2026

9923.HK (Yeahka Ltd) and 6060.HK (ZhongAn Online P & C Insurance Co Ltd) are both stocks. 9923.HK operates in Software - Infrastructure (Technology), while 6060.HK operates in Insurance - Property & Casualty (Financial Services). Over the past 5 years, 9923.HK returned -34.81%/yr vs -23.44%/yr for 6060.HK. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

9923.HK vs. 6060.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Yeahka Ltd (9923.HK) and ZhongAn Online P & C Insurance Co Ltd (6060.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 9923.HK achieves a -25.78% return, which is significantly higher than 6060.HK's -35.67% return.

9923.HK

• 1D: -3.10%
• 1M: -5.12%
• YTD: -25.78%
• 6M: -23.97%
• 1Y: -57.58%
• 3Y*: -34.24%
• 5Y*: -34.81%
• 10Y*: —

6060.HK

• 1D: -3.00%
• 1M: -11.08%
• YTD: -35.67%
• 6M: -31.23%
• 1Y: -46.09%
• 3Y*: -22.58%
• 5Y*: -23.44%
• 10Y*: —

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

9923.HK vs. 6060.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
9923.HK Yeahka Ltd	-25.78%	-35.56%	-15.76%	-29.74%	-18.80%	-31.38%	112.91%
6060.HK ZhongAn Online P & C Insurance Co Ltd	-35.67%	37.05%	-34.19%	-17.02%	-20.66%	-25.14%	29.29%

Correlation

The correlation between 9923.HK and 6060.HK is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020	0.54

The correlation between 9923.HK and 6060.HK has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

9923.HK vs. 6060.HK — Risk / Return Rank

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

9923.HK

9923.HK Risk / Return Rank: 8
9923.HK Sharpe Ratio Rank: 3
9923.HK Sortino Ratio Rank: 2
9923.HK Omega Ratio Rank: 5
9923.HK Calmar Ratio Rank: 11
9923.HK Martin Ratio Rank: 17

6060.HK

6060.HK Risk / Return Rank: 5
6060.HK Sharpe Ratio Rank: 3
6060.HK Sortino Ratio Rank: 4
6060.HK Omega Ratio Rank: 6
6060.HK Calmar Ratio Rank: 7
6060.HK Martin Ratio Rank: 3

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.

9923.HK vs. 6060.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Yeahka Ltd (9923.HK) and ZhongAn Online P & C Insurance Co Ltd (6060.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.

	9923.HK	6060.HK	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	-1.08	-0.04
Sortino ratio: Return per unit of downside risk	-2.02	-1.77	-0.25
Omega ratio: Gain probability vs. loss probability	0.79	0.81	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.89	+0.09
Martin ratio: Return relative to average drawdown	-1.15	-1.64	+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.

9923.HK vs. 6060.HK - Sharpe Ratio Comparison

The current 9923.HK Sharpe Ratio is -1.12, which is comparable to the 6060.HK Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of 9923.HK and 6060.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

	9923.HK	6060.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.12	-1.08	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	-0.41	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	-0.33	+0.10

Drawdowns

9923.HK vs. 6060.HK - Drawdown Comparison

The maximum 9923.HK drawdown since its inception was -95.31%, which is greater than 6060.HK's maximum drawdown of -89.95%. Use the drawdown chart below to compare losses from any high point for 9923.HK and 6060.HK.

Drawdown Indicators

	9923.HK	6060.HK	Difference
Max Drawdown Largest peak-to-trough decline	-95.31%	-89.95%	-5.36%
Max Drawdown (1Y) Largest decline over 1 year	-64.76%	-52.74%	-12.02%
Max Drawdown (3Y) Largest decline over 3 years	-74.24%	-62.95%	-11.29%
Max Drawdown (5Y) Largest decline over 5 years	-88.95%	-81.10%	-7.85%
Current Drawdown Current decline from peak	-95.10%	-88.95%	-6.15%
Average Drawdown Average peak-to-trough decline	-76.55%	-69.56%	-6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.53%	28.35%	+16.18%

Volatility

9923.HK vs. 6060.HK - Volatility Comparison

Yeahka Ltd (9923.HK) and ZhongAn Online P & C Insurance Co Ltd (6060.HK) have volatilities of 9.57% and 9.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	9923.HK	6060.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	9.65%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	23.77%	25.11%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	46.27%	43.42%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.76%	58.94%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.81%	58.96%	+13.85%

Dividends

9923.HK vs. 6060.HK - Dividend Comparison

Neither 9923.HK nor 6060.HK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both 9923.HK and 6060.HK in my portfolio?

9923.HK and 6060.HK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.