AAR.AX vs. 0189.HK

Last updated Jun 30, 2026

AAR.AX (Astral Resources NL) and 0189.HK (Dongyue Group Ltd) are both stocks. Both are in the Basic Materials sector — AAR.AX in Gold, 0189.HK in Chemicals. Over the past 10 years, AAR.AX returned 25.76%/yr vs 36.56%/yr for 0189.HK. At a 0.05 correlation, their price movements are largely independent.

Performance

AAR.AX vs. 0189.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Astral Resources NL (AAR.AX) and Dongyue Group Ltd (0189.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AAR.AX is traded in AUD, while 0189.HK is traded in HKD. To make them comparable, the 0189.HK values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AAR.AX achieves a -56.60% return, which is significantly lower than 0189.HK's 76.16% return. Over the past 10 years, AAR.AX has underperformed 0189.HK with an annualized return of 25.76%, while 0189.HK has yielded a comparatively higher 36.56% annualized return.

AAR.AX

• 1D: -8.00%
• 1M: -17.86%
• YTD: -56.60%
• 6M: -57.41%
• 1Y: -32.35%
• 3Y*: 20.33%
• 5Y*: 6.67%
• 10Y*: 25.76%

0189.HK

• 1D: -3.79%
• 1M: 26.44%
• YTD: 76.16%
• 6M: 83.12%
• 1Y: 84.85%
• 3Y*: 49.51%
• 5Y*: 30.36%
• 10Y*: 36.56%

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

AAR.AX vs. 0189.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAR.AX Astral Resources NL	-56.60%	96.30%	84.93%	1.39%	-32.41%	-12.00%	34.41%	4.49%	-15.24%	600.03%
0189.HK Dongyue Group Ltd	76.16%	24.71%	60.76%	-28.50%	-22.47%	113.09%	39.57%	15.67%	-14.95%	281.27%

Correlation

The correlation between AAR.AX and 0189.HK is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007	0.05

The correlation between AAR.AX and 0189.HK shifts across timeframes, from 0.05 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AAR.AX vs. 0189.HK — Risk / Return Rank

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

AAR.AX

AAR.AX Risk / Return Rank: 26
AAR.AX Sharpe Ratio Rank: 26
AAR.AX Sortino Ratio Rank: 29
AAR.AX Omega Ratio Rank: 30
AAR.AX Calmar Ratio Rank: 27
AAR.AX Martin Ratio Rank: 21

0189.HK

0189.HK Risk / Return Rank: 85
0189.HK Sharpe Ratio Rank: 87
0189.HK Sortino Ratio Rank: 87
0189.HK Omega Ratio Rank: 83
0189.HK Calmar Ratio Rank: 88
0189.HK Martin Ratio Rank: 83

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.

AAR.AX vs. 0189.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astral Resources NL (AAR.AX) and Dongyue Group Ltd (0189.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.

	AAR.AX	0189.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.58	-1.98
Sortino ratio: Return per unit of downside risk	-0.16	2.52	-2.68
Omega ratio: Gain probability vs. loss probability	0.98	1.29	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.48	3.16	-3.64
Martin ratio: Return relative to average drawdown	-1.08	5.62	-6.70

AAR.AX vs. 0189.HK - Sharpe Ratio Comparison

The current AAR.AX Sharpe Ratio is -0.40, which is lower than the 0189.HK Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of AAR.AX and 0189.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

AAR.AX vs. 0189.HK - Drawdown Comparison

The maximum AAR.AX drawdown since its inception was -99.62%, which is greater than 0189.HK's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for AAR.AX and 0189.HK.

Drawdown Indicators

	AAR.AX	0189.HK	Difference
Max Drawdown Largest peak-to-trough decline	-99.62%	-83.29%	-16.33%
Max Drawdown (1Y) Largest decline over 1 year	-60.34%	-27.89%	-32.45%
Max Drawdown (3Y) Largest decline over 3 years	-60.34%	-46.46%	-13.88%
Max Drawdown (5Y) Largest decline over 5 years	-60.34%	-76.40%	+16.06%
Max Drawdown (10Y) Largest decline over 10 years	-75.51%	-76.40%	+0.89%
Current Drawdown Current decline from peak	-90.87%	-11.92%	-78.95%
Average Drawdown Average peak-to-trough decline	-86.11%	-47.05%	-39.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.73%	15.46%	+12.27%

Volatility

AAR.AX vs. 0189.HK - Volatility Comparison

Astral Resources NL (AAR.AX) has a higher volatility of 26.59% compared to Dongyue Group Ltd (0189.HK) at 24.53%. This indicates that AAR.AX's price experiences larger fluctuations and is considered to be riskier than 0189.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAR.AX	0189.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.59%	24.53%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	56.11%	45.00%	+11.11%
Volatility (1Y) Calculated over the trailing 1-year period	73.45%	55.86%	+17.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.07%	61.20%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.73%	64.06%	+11.67%

Dividends

AAR.AX vs. 0189.HK - Dividend Comparison

AAR.AX has not paid dividends to shareholders, while 0189.HK's dividend yield for the trailing twelve months is around 1.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0189.HK Dongyue Group Ltd	1.55%	0.92%	1.23%	10.62%	3.96%	1.15%	3.74%	8.10%	7.43%	2.75%	0.00%	4.57%
AAR.AX Astral Resources NL	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AAR.AX and 0189.HK in my portfolio?

AAR.AX and 0189.HK have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.