CAAS vs. CYD

Last updated Jun 4, 2026

CAAS (China Automotive Systems, Inc.) and CYD (China Yuchai International Limited) are both stocks. CAAS operates in Auto Parts (Consumer Cyclical), while CYD operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, CAAS returned 2.70%/yr vs 22.81%/yr for CYD. At a 0.21 correlation, their price movements are largely independent.

Performance

CAAS vs. CYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in China Automotive Systems, Inc. (CAAS) and China Yuchai International Limited (CYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAAS achieves a 4.11% return, which is significantly lower than CYD's 62.45% return. Over the past 10 years, CAAS has underperformed CYD with an annualized return of 2.70%, while CYD has yielded a comparatively higher 22.81% annualized return.

CAAS

• 1D: -1.22%
• 1M: -0.56%
• YTD: 4.11%
• 6M: 7.65%
• 1Y: 9.24%
• 3Y*: 2.72%
• 5Y*: 2.09%
• 10Y*: 2.70%

CYD

• 1D: -2.09%
• 1M: 47.12%
• YTD: 62.45%
• 6M: 63.97%
• 1Y: 244.50%
• 3Y*: 90.41%
• 5Y*: 35.54%
• 10Y*: 22.81%

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

CAAS vs. CYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAAS China Automotive Systems, Inc.	4.11%	3.90%	52.01%	-44.31%	116.42%	-57.05%	98.10%	29.10%	-49.17%	-10.45%
CYD China Yuchai International Limited	62.45%	281.18%	17.72%	21.67%	-50.38%	0.21%	29.89%	13.35%	-46.44%	82.82%

Correlation

The correlation between CAAS and CYD is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Oct 8, 2003	0.21

The correlation between CAAS and CYD shifts across timeframes, from -0.01 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CAAS : $133.81M CYD : $2.16B
EPS CAAS : $1.42 CYD : $11.57
PE Ratio CAAS : 3.12 CYD : 4.98
PEG Ratio CAAS : 0.03 CYD : 0.20
PS Ratio CAAS : 0.17 CYD : 0.08
PB Ratio CAAS : 0.33 CYD : 0.23
Total Revenue (TTM) CAAS : $765.74M CYD : $27.30B
Gross Profit (TTM) CAAS : $145.46M CYD : $4.19B
EBITDA (TTM) CAAS : $71.37M CYD : $1.19B

Return for Risk

CAAS vs. CYD — Risk / Return Rank

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

CAAS

CAAS Risk / Return Rank: 49
CAAS Sharpe Ratio Rank: 52
CAAS Sortino Ratio Rank: 47
CAAS Omega Ratio Rank: 44
CAAS Calmar Ratio Rank: 51
CAAS Martin Ratio Rank: 49

CYD

CYD Risk / Return Rank: 95
CYD Sharpe Ratio Rank: 98
CYD Sortino Ratio Rank: 95
CYD Omega Ratio Rank: 93
CYD Calmar Ratio Rank: 95
CYD Martin Ratio Rank: 94

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.

CAAS vs. CYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Automotive Systems, Inc. (CAAS) and China Yuchai International Limited (CYD). 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.

	CAAS	CYD	Difference
Sharpe ratio Return per unit of total volatility	0.29	4.45	-4.16
Sortino ratio Return per unit of downside risk	0.70	4.12	-3.42
Omega ratio Gain probability vs. loss probability	1.08	1.53	-0.45
Calmar ratio Return relative to maximum drawdown	0.46	7.20	-6.74
Martin ratio Return relative to average drawdown	0.82	17.86	-17.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAAS vs. CYD - Sharpe Ratio Comparison

The current CAAS Sharpe Ratio is 0.29, which is lower than the CYD Sharpe Ratio of 4.45. The chart below compares the historical Sharpe Ratios of CAAS and CYD, 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

	CAAS	CYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	4.45	-4.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.72	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.51	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.15	-0.14

Drawdowns

CAAS vs. CYD - Drawdown Comparison

The maximum CAAS drawdown since its inception was -94.04%, roughly equal to the maximum CYD drawdown of -97.74%. Use the drawdown chart below to compare losses from any high point for CAAS and CYD.

Drawdown Indicators

	CAAS	CYD	Difference
Max Drawdown Largest peak-to-trough decline	-94.04%	-97.74%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-20.32%	-34.21%	+13.89%
Max Drawdown (3Y) Largest decline over 3 years	-44.96%	-44.46%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-68.16%	-58.56%	-9.60%
Max Drawdown (10Y) Largest decline over 10 years	-80.21%	-68.53%	-11.68%
Current Drawdown Current decline from peak	-79.43%	-3.42%	-76.01%
Average Drawdown Average peak-to-trough decline	-71.83%	-53.04%	-18.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	13.76%	-2.45%

Volatility

CAAS vs. CYD - Volatility Comparison

The current volatility for China Automotive Systems, Inc. (CAAS) is 8.50%, while China Yuchai International Limited (CYD) has a volatility of 13.81%. This indicates that CAAS experiences smaller price fluctuations and is considered to be less risky than CYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAAS	CYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	13.81%	-5.31%
Volatility (6M) Calculated over the trailing 6-month period	19.73%	37.89%	-18.16%
Volatility (1Y) Calculated over the trailing 1-year period	31.81%	55.28%	-23.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.92%	49.81%	+6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.43%	44.50%	+37.93%

Dividends

CAAS vs. CYD - Dividend Comparison

CAAS has not paid dividends to shareholders, while CYD's dividend yield for the trailing twelve months is around 0.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAAS China Automotive Systems, Inc.	0.00%	0.00%	19.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CYD China Yuchai International Limited	0.92%	1.49%	3.99%	3.34%	5.65%	11.39%	5.20%	6.38%	5.87%	3.75%	6.15%	10.22%

Financials

CAAS vs. CYD - Profitability Comparison

The chart below illustrates the profitability comparison between China Automotive Systems, Inc. and China Yuchai International Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAAS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, China Automotive Systems, Inc. reported a gross profit of 52.95M and revenue of 229.19M. Therefore, the gross margin over that period was 23.1%.

CYD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, China Yuchai International Limited reported a gross profit of 2.19B and revenue of 11.57B. Therefore, the gross margin over that period was 18.9%.

CAAS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, China Automotive Systems, Inc. reported an operating income of 25.76M and revenue of 229.19M, resulting in an operating margin of 11.2%.

CYD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, China Yuchai International Limited reported an operating income of 240.14M and revenue of 11.57B, resulting in an operating margin of 2.1%.

CAAS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, China Automotive Systems, Inc. reported a net income of 18.42M and revenue of 229.19M, resulting in a net margin of 8.0%.

CYD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, China Yuchai International Limited reported a net income of 168.43M and revenue of 11.57B, resulting in a net margin of 1.5%.

Frequently Asked Questions

Can I hold both CAAS and CYD in my portfolio?

CAAS and CYD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAAS or CYD?

CYD has higher volatility (13.81%) compared to CAAS (8.50%). In terms of maximum drawdown, CAAS dropped -94.04% vs CYD's -97.74%.

Which has better risk-adjusted returns?

CYD currently has the higher Sharpe Ratio (4.45 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.