CAAS vs. PNGAY
CAAS (China Automotive Systems, Inc.) and PNGAY (Ping An Insurance Company of China) are both stocks. CAAS operates in Auto Parts (Consumer Cyclical), while PNGAY operates in Insurance - Life (Financial Services). Over the past 10 years, CAAS returned 4.59%/yr vs 9.27%/yr for PNGAY. At a 0.15 correlation, their price movements are largely independent.
Performance
CAAS vs. PNGAY - Performance Comparison
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Returns By Period
In the year-to-date period, CAAS achieves a 2.82% return, which is significantly higher than PNGAY's -14.93% return. Over the past 10 years, CAAS has underperformed PNGAY with an annualized return of 4.59%, while PNGAY has yielded a comparatively higher 9.27% annualized return.
CAAS
- 1D
- -0.45%
- 1M
- -5.40%
- YTD
- 2.82%
- 6M
- 1.15%
- 1Y
- 4.29%
- 3Y*
- 0.94%
- 5Y*
- 1.71%
- 10Y*
- 4.59%
PNGAY
- 1D
- -1.78%
- 1M
- -7.97%
- YTD
- -14.93%
- 6M
- -15.98%
- 1Y
- 19.07%
- 3Y*
- 9.89%
- 5Y*
- -1.42%
- 10Y*
- 9.27%
CAAS vs. PNGAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAAS China Automotive Systems, Inc. | 2.82% | 3.90% | 52.01% | -44.31% | 116.42% | -57.05% | 98.10% | 29.10% | -49.17% | -10.45% |
PNGAY Ping An Insurance Company of China | -14.93% | 52.29% | 38.53% | -27.60% | -2.17% | -39.34% | 5.51% | 39.67% | -15.03% | 113.23% |
Correlation
The correlation between CAAS and PNGAY 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2007 | 0.15 |
The correlation between CAAS and PNGAY shifts across timeframes, from 0.04 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CAAS:
$132.15M
PNGAY:
$138.12B
CAAS:
$1.42
PNGAY:
CN¥14.31
CAAS:
3.08
PNGAY:
6.54
CAAS:
0.02
PNGAY:
0.79
CAAS:
0.17
PNGAY:
0.89
CAAS:
0.33
PNGAY:
0.92
CAAS:
$765.74M
PNGAY:
CN¥973.47B
CAAS:
$145.46M
PNGAY:
CN¥968.48B
CAAS:
$71.37M
PNGAY:
CN¥163.00B
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Return for Risk
CAAS vs. PNGAY — Risk / Return Rank
CAAS
PNGAY
CAAS vs. PNGAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for China Automotive Systems, Inc. (CAAS) and Ping An Insurance Company of China (PNGAY). 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 | PNGAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.79 | -0.57 |
| Martin ratioReturn relative to average drawdown | 0.37 | 1.89 | -1.51 |
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Drawdowns
CAAS vs. PNGAY - Drawdown Comparison
The maximum CAAS drawdown since its inception was -94.04%, which is greater than PNGAY's maximum drawdown of -78.52%. Use the drawdown chart below to compare losses from any high point for CAAS and PNGAY.
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Drawdown Indicators
| CAAS | PNGAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -78.52% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -24.40% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -44.96% | -46.53% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -68.16% | -57.17% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -80.21% | -66.83% | -13.38% |
Current DrawdownCurrent decline from peak | -79.69% | -32.09% | -47.60% |
Average DrawdownAverage peak-to-trough decline | -71.84% | -42.78% | -29.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 10.13% | +1.34% |
Volatility
CAAS vs. PNGAY - Volatility Comparison
China Automotive Systems, Inc. (CAAS) has a higher volatility of 7.10% compared to Ping An Insurance Company of China (PNGAY) at 6.05%. This indicates that CAAS's price experiences larger fluctuations and is considered to be riskier than PNGAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAS | PNGAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 6.05% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 19.47% | 19.37% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.19% | 26.42% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.57% | 40.90% | +14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.44% | 34.71% | +47.73% |
Dividends
CAAS vs. PNGAY - Dividend Comparison
CAAS has not paid dividends to shareholders, while PNGAY's dividend yield for the trailing twelve months is around 5.65%.
| 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% |
PNGAY Ping An Insurance Company of China | 5.65% | 4.23% | 5.81% | 7.66% | 5.81% | 4.47% | 2.05% | 1.88% | 2.35% | 1.17% | 3.03% | 1.99% |
Financials
CAAS vs. PNGAY - Financials Comparison
This section allows you to compare key financial metrics between China Automotive Systems, Inc. and Ping An Insurance Company of China. 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. PNGAY - Profitability Comparison
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%.
PNGAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported a gross profit of 183.80B and revenue of 186.35B. Therefore, the gross margin over that period was 98.6%.
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%.
PNGAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported an operating income of 35.08B and revenue of 186.35B, resulting in an operating margin of 18.8%.
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%.
PNGAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported a net income of 25.02B and revenue of 186.35B, resulting in a net margin of 13.4%.
Frequently Asked Questions
CAAS and PNGAY 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.
CAAS has higher volatility (7.10%) compared to PNGAY (6.05%). In terms of maximum drawdown, CAAS dropped -94.04% vs PNGAY's -78.52%.
PNGAY currently has the higher Sharpe Ratio (0.73 vs 0.14), 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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