CAAS vs. HCM
CAAS (China Automotive Systems, Inc.) and HCM (HUTCHMED (China) Limited) are both stocks. CAAS operates in Auto Parts (Consumer Cyclical), while HCM operates in Biotechnology (Healthcare). Over the past 10 years, CAAS returned 2.82%/yr vs -1.54%/yr for HCM. At a 0.11 correlation, their price movements are largely independent.
Performance
CAAS vs. HCM - Performance Comparison
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Returns By Period
In the year-to-date period, CAAS achieves a 5.40% return, which is significantly higher than HCM's -13.58% return. Over the past 10 years, CAAS has outperformed HCM with an annualized return of 2.82%, while HCM has yielded a comparatively lower -1.54% annualized return.
CAAS
- 1D
- -1.10%
- 1M
- 1.58%
- YTD
- 5.40%
- 6M
- 12.25%
- 1Y
- 5.65%
- 3Y*
- 3.14%
- 5Y*
- 2.47%
- 10Y*
- 2.82%
HCM
- 1D
- 1.05%
- 1M
- -13.38%
- YTD
- -13.58%
- 6M
- -19.21%
- 1Y
- -15.29%
- 3Y*
- -2.68%
- 5Y*
- -17.59%
- 10Y*
- -1.54%
CAAS vs. HCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAAS China Automotive Systems, Inc. | 5.40% | 3.90% | 52.01% | -44.31% | 116.42% | -57.05% | 98.10% | 29.10% | -49.17% | -10.45% |
HCM HUTCHMED (China) Limited | -13.58% | -7.49% | -20.43% | 22.53% | -57.87% | 9.56% | 27.72% | 8.58% | -41.43% | 190.49% |
Correlation
The correlation between CAAS and HCM is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2016 | 0.11 |
Fundamentals
CAAS:
$1.42
HCM:
$2.68
CAAS:
3.16
HCM:
4.31
CAAS:
0.03
HCM:
0.01
CAAS:
0.18
HCM:
3.34
CAAS:
$765.74M
HCM:
$602.20M
CAAS:
$145.46M
HCM:
$53.76M
CAAS:
$71.37M
HCM:
-$7.49M
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Return for Risk
CAAS vs. HCM — Risk / Return Rank
CAAS
HCM
CAAS vs. HCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for China Automotive Systems, Inc. (CAAS) and HUTCHMED (China) Limited (HCM). 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 | HCM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | -0.40 | +0.57 |
Sortino ratioReturn per unit of downside risk | 0.52 | -0.34 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.96 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | -0.41 | +0.91 |
Martin ratioReturn relative to average drawdown | 0.89 | -0.76 | +1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAAS | HCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -0.40 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.27 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | -0.03 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.03 | +0.03 |
Drawdowns
CAAS vs. HCM - Drawdown Comparison
The maximum CAAS drawdown since its inception was -94.04%, which is greater than HCM's maximum drawdown of -82.18%. Use the drawdown chart below to compare losses from any high point for CAAS and HCM.
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Drawdown Indicators
| CAAS | HCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -82.18% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -41.54% | +21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -44.96% | -48.44% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -68.16% | -82.18% | +14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -80.21% | -82.18% | +1.97% |
Current DrawdownCurrent decline from peak | -79.18% | -73.17% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -71.83% | -40.14% | -31.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 22.48% | -11.19% |
Volatility
CAAS vs. HCM - Volatility Comparison
China Automotive Systems, Inc. (CAAS) has a higher volatility of 8.45% compared to HUTCHMED (China) Limited (HCM) at 7.61%. This indicates that CAAS's price experiences larger fluctuations and is considered to be riskier than HCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAS | HCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.45% | 7.61% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.69% | 22.31% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 38.78% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.92% | 66.09% | -10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.45% | 59.37% | +23.08% |
Dividends
CAAS vs. HCM - Dividend Comparison
Neither CAAS nor HCM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CAAS China Automotive Systems, Inc. | 0.00% | 0.00% | 19.51% |
HCM HUTCHMED (China) Limited | 0.00% | 0.00% | 0.00% |
Financials
CAAS vs. HCM - Financials Comparison
This section allows you to compare key financial metrics between China Automotive Systems, Inc. and HUTCHMED (China) Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CAAS and HCM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAAS has higher volatility (8.45%) compared to HCM (7.61%). In terms of maximum drawdown, CAAS dropped -94.04% vs HCM's -82.18%.
CAAS currently has the higher Sharpe Ratio (0.18 vs -0.40), 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.
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