BABA vs. 1128.HK

Last updated Jun 13, 2026

BABA (Alibaba Group Holding Limited) and 1128.HK (Wynn Macau Ltd) are both stocks. Both are in the Consumer Cyclical sector — BABA in Internet Retail, 1128.HK in Resorts & Casinos. Over the past 10 years, BABA returned 4.42%/yr vs -4.66%/yr for 1128.HK. At a 0.22 correlation, their price movements are largely independent.

Performance

BABA vs. 1128.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alibaba Group Holding Limited (BABA) and Wynn Macau Ltd (1128.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BABA is traded in USD, while 1128.HK is traded in HKD. To make them comparable, the 1128.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BABA achieves a -22.32% return, which is significantly lower than 1128.HK's -5.65% return. Over the past 10 years, BABA has outperformed 1128.HK with an annualized return of 4.42%, while 1128.HK has yielded a comparatively lower -4.66% annualized return.

BABA

• 1D: 0.12%
• 1M: -14.13%
• YTD: -22.32%
• 6M: -26.87%
• 1Y: 0.87%
• 3Y*: 11.06%
• 5Y*: -10.74%
• 10Y*: 4.42%

1128.HK

• 1D: 0.20%
• 1M: -1.07%
• YTD: -5.65%
• 6M: -10.30%
• 1Y: 13.79%
• 3Y*: -5.98%
• 5Y*: -14.27%
• 10Y*: -4.66%

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

BABA vs. 1128.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BABA Alibaba Group Holding Limited	-22.32%	75.80%	11.77%	-10.83%	-25.84%	-48.96%	9.73%	54.74%	-20.51%	96.37%
1128.HK Wynn Macau Ltd	-5.65%	16.94%	-13.69%	-26.08%	36.34%	-51.35%	-31.85%	19.49%	-28.06%	106.42%

Correlation

The correlation between BABA and 1128.HK is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014	0.22

The correlation between BABA and 1128.HK shifts across timeframes, from 0.11 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BABA vs. 1128.HK — Risk / Return Rank

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

BABA

BABA Risk / Return Rank: 40
BABA Sharpe Ratio Rank: 41
BABA Sortino Ratio Rank: 38
BABA Omega Ratio Rank: 37
BABA Calmar Ratio Rank: 41
BABA Martin Ratio Rank: 41

1128.HK

1128.HK Risk / Return Rank: 53
1128.HK Sharpe Ratio Rank: 57
1128.HK Sortino Ratio Rank: 52
1128.HK Omega Ratio Rank: 50
1128.HK Calmar Ratio Rank: 53
1128.HK Martin Ratio Rank: 52

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.

BABA vs. 1128.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alibaba Group Holding Limited (BABA) and Wynn Macau Ltd (1128.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.

	BABA	1128.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.40	-0.46
Sortino ratio: Return per unit of downside risk	0.26	0.85	-0.59
Omega ratio: Gain probability vs. loss probability	1.03	1.10	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.06	0.46	-0.52
Martin ratio: Return relative to average drawdown	-0.12	0.81	-0.93

BABA vs. 1128.HK - Sharpe Ratio Comparison

The current BABA Sharpe Ratio is -0.05, which is lower than the 1128.HK Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of BABA and 1128.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

BABA vs. 1128.HK - Drawdown Comparison

The maximum BABA drawdown since its inception was -80.09%, smaller than the maximum 1128.HK drawdown of -89.41%. Use the drawdown chart below to compare losses from any high point for BABA and 1128.HK.

Drawdown Indicators

	BABA	1128.HK	Difference
Max Drawdown Largest peak-to-trough decline	-80.09%	-89.41%	+9.32%
Max Drawdown (1Y) Largest decline over 1 year	-39.94%	-26.96%	-12.98%
Max Drawdown (3Y) Largest decline over 3 years	-39.94%	-41.70%	+1.76%
Max Drawdown (5Y) Largest decline over 5 years	-72.48%	-77.04%	+4.56%
Max Drawdown (10Y) Largest decline over 10 years	-80.09%	-89.41%	+9.32%
Current Drawdown Current decline from peak	-62.20%	-78.63%	+16.43%
Average Drawdown Average peak-to-trough decline	-37.56%	-45.76%	+8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.58%	15.03%	+4.55%

Volatility

BABA vs. 1128.HK - Volatility Comparison

Alibaba Group Holding Limited (BABA) has a higher volatility of 10.07% compared to Wynn Macau Ltd (1128.HK) at 8.73%. This indicates that BABA's price experiences larger fluctuations and is considered to be riskier than 1128.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABA	1128.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.07%	8.73%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	29.24%	17.26%	+11.98%
Volatility (1Y) Calculated over the trailing 1-year period	43.83%	30.40%	+13.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.40%	49.35%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.40%	45.35%	-1.95%

Dividends

BABA vs. 1128.HK - Dividend Comparison

BABA's dividend yield for the trailing twelve months is around 0.93%, less than 1128.HK's 7.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1128.HK Wynn Macau Ltd	7.53%	6.23%	2.78%	0.00%	0.00%	0.00%	0.00%	4.69%	6.26%	2.55%	4.86%	11.59%
BABA Alibaba Group Holding Limited	0.93%	1.36%	1.96%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BABA and 1128.HK in my portfolio?

BABA and 1128.HK have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.