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 4.36%/yr vs -1.20%/yr for HCM. Their 0.11 correlation means their historical movements had little consistent relationship.
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 -13.35% return. Over the past 10 years, CAAS has outperformed HCM with an annualized return of 4.36%, while HCM has yielded a comparatively lower -1.20% annualized return.
CAAS
- 1D
- -0.44%
- 1M
- 0.45%
- 6M
- 0.00%
- YTD
- 5.40%
- 1Y
- 9.11%
- 3Y*
- 0.61%
- 5Y*
- 6.09%
- 10Y*
- 4.36%
- ALL TIME*
- 0.45%
HCM
- 1D
- 3.77%
- 1M
- 0.96%
- 6M
- -20.67%
- YTD
- -13.35%
- 1Y
- -33.12%
- 3Y*
- -11.17%
- 5Y*
- -22.68%
- 10Y*
- -1.20%
- ALL TIME*
- -1.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.60K | $72.33K | $120.00K | |
| $553.75K | $545.46K | $586.05K |
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 | -13.35% | -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 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | 0.11 |
Fundamentals
CAAS:
$135.47M
HCM:
$2.02B
CAAS:
$1.42
HCM:
$0.10
CAAS:
3.16
HCM:
112.77
CAAS:
0.03
HCM:
0.28
CAAS:
0.18
HCM:
3.67
CAAS:
0.34
HCM:
1.60
CAAS:
$765.74M
HCM:
$549.12M
CAAS:
$145.46M
HCM:
$1.11M
CAAS:
$71.37M
HCM:
-$20.52M
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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.
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.
| CAAS | HCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.86 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.75 | +1.20 |
| Martin ratioReturn relative to average drawdown | 0.76 | -1.38 | +2.14 |
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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% | -44.50% | +24.18% |
Max Drawdown (3Y)Largest decline over 3 years | -44.96% | -54.13% | +9.17% |
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% | -73.10% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -71.88% | -40.68% | -31.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.95% | 24.06% | -12.11% |
Volatility
CAAS vs. HCM - Volatility Comparison
The current volatility for China Automotive Systems, Inc. (CAAS) is 6.89%, while HUTCHMED (China) Limited (HCM) has a volatility of 13.41%. This indicates that CAAS experiences smaller price fluctuations and is considered to be less risky 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 | 6.89% | 13.41% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 25.36% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 37.37% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.35% | 64.60% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.41% | 59.48% | +22.93% |
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
CAAS vs. HCM - Profitability Comparison
CAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
HCM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, HUTCHMED (China) Limited reported a gross profit of 23.67M and revenue of 139.14M. Therefore, the gross margin over that period was 17.0%.
CAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
HCM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, HUTCHMED (China) Limited reported an operating income of 434.50K and revenue of 139.14M, resulting in an operating margin of 0.3%.
CAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
HCM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, HUTCHMED (China) Limited reported a net income of 7.96M and revenue of 139.14M, resulting in a net margin of 5.7%.
Frequently Asked Questions
CAAS and HCM 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.
HCM has higher volatility (13.41%) compared to CAAS (6.89%). In terms of maximum drawdown, CAAS dropped -94.04% vs HCM's -82.18%.
CAAS currently has the higher Sharpe Ratio (0.30 vs -0.89), 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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