ATI vs. 0883.HK

Last updated Jun 13, 2026

ATI (Allegheny Technologies Incorporated) and 0883.HK (CNOOC Ltd) are both stocks. ATI operates in Metal Fabrication (Industrials), while 0883.HK operates in Oil & Gas E&P (Energy). Over the past 10 years, ATI returned 31.31%/yr vs 18.61%/yr for 0883.HK. At a 0.13 correlation, their price movements are largely independent.

Performance

ATI vs. 0883.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allegheny Technologies Incorporated (ATI) and CNOOC Ltd (0883.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ATI is traded in USD, while 0883.HK is traded in HKD. To make them comparable, the 0883.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ATI achieves a 72.95% return, which is significantly higher than 0883.HK's 18.76% return. Over the past 10 years, ATI has outperformed 0883.HK with an annualized return of 31.31%, while 0883.HK has yielded a comparatively lower 18.61% annualized return.

ATI

• 1D: -0.51%
• 1M: 28.70%
• YTD: 72.95%
• 6M: 82.16%
• 1Y: 133.59%
• 3Y*: 69.52%
• 5Y*: 52.82%
• 10Y*: 31.31%

0883.HK

• 1D: 0.82%
• 1M: -3.67%
• YTD: 18.76%
• 6M: 21.18%
• 1Y: 41.57%
• 3Y*: 39.59%
• 5Y*: 34.22%
• 10Y*: 18.61%

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

ATI vs. 0883.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATI Allegheny Technologies Incorporated	72.95%	108.50%	21.05%	52.28%	87.45%	-5.01%	-18.83%	-5.10%	-9.82%	51.54%
0883.HK CNOOC Ltd	18.76%	19.56%	58.71%	44.92%	46.73%	18.97%	-40.19%	14.22%	12.51%	20.38%

Correlation

The correlation between ATI and 0883.HK is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.13

The correlation between ATI and 0883.HK shifts across timeframes, from -0.04 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ATI vs. 0883.HK — Risk / Return Rank

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

ATI

ATI Risk / Return Rank: 94
ATI Sharpe Ratio Rank: 96
ATI Sortino Ratio Rank: 93
ATI Omega Ratio Rank: 94
ATI Calmar Ratio Rank: 93
ATI Martin Ratio Rank: 92

0883.HK

0883.HK Risk / Return Rank: 82
0883.HK Sharpe Ratio Rank: 85
0883.HK Sortino Ratio Rank: 81
0883.HK Omega Ratio Rank: 79
0883.HK Calmar Ratio Rank: 82
0883.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.

ATI vs. 0883.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allegheny Technologies Incorporated (ATI) and CNOOC Ltd (0883.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.

	ATI	0883.HK	Difference
Sharpe ratio: Return per unit of total volatility	3.21	1.61	+1.59
Sortino ratio: Return per unit of downside risk	3.39	2.27	+1.12
Omega ratio: Gain probability vs. loss probability	1.51	1.28	+0.24
Calmar ratio: Return relative to maximum drawdown	5.40	2.66	+2.74
Martin ratio: Return relative to average drawdown	13.48	7.01	+6.47

ATI vs. 0883.HK - Sharpe Ratio Comparison

The current ATI Sharpe Ratio is 3.21, which is higher than the 0883.HK Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of ATI and 0883.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

ATI vs. 0883.HK - Drawdown Comparison

The maximum ATI drawdown since its inception was -94.72%, which is greater than 0883.HK's maximum drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for ATI and 0883.HK.

Drawdown Indicators

	ATI	0883.HK	Difference
Max Drawdown Largest peak-to-trough decline	-94.72%	-74.18%	-20.54%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-17.20%	-8.11%
Max Drawdown (3Y) Largest decline over 3 years	-38.02%	-30.46%	-7.56%
Max Drawdown (5Y) Largest decline over 5 years	-39.03%	-30.46%	-8.57%
Max Drawdown (10Y) Largest decline over 10 years	-82.43%	-56.21%	-26.22%
Current Drawdown Current decline from peak	-0.51%	-16.52%	+16.01%
Average Drawdown Average peak-to-trough decline	-60.76%	-24.70%	-36.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.12%	6.45%	+3.67%

Volatility

ATI vs. 0883.HK - Volatility Comparison

Allegheny Technologies Incorporated (ATI) has a higher volatility of 13.44% compared to CNOOC Ltd (0883.HK) at 8.07%. This indicates that ATI's price experiences larger fluctuations and is considered to be riskier than 0883.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATI	0883.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	8.07%	+5.37%
Volatility (6M) Calculated over the trailing 6-month period	29.89%	24.18%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	42.63%	28.36%	+14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.12%	29.82%	+13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.55%	31.92%	+19.63%

Dividends

ATI vs. 0883.HK - Dividend Comparison

ATI has not paid dividends to shareholders, while 0883.HK's dividend yield for the trailing twelve months is around 5.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0883.HK CNOOC Ltd	5.14%	6.53%	7.32%	10.31%	18.84%	6.85%	9.05%	5.63%	4.96%	3.83%	3.81%	7.06%
ATI Allegheny Technologies Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.51%	5.51%

Financials

Frequently Asked Questions

Can I hold both ATI and 0883.HK in my portfolio?

ATI and 0883.HK have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.