CLLNY vs. HNGKY

Last updated Jun 5, 2026

CLLNY (Cellnex Telecom S.A) and HNGKY (Hong Kong Land Holdings Ltd ADR) are both stocks. Both are in the Real Estate sector — CLLNY in Real Estate - Services, HNGKY in Real Estate - Development. Over the past 5 years, CLLNY returned -11.82%/yr vs 13.92%/yr for HNGKY. At a 0.03 correlation, their price movements are largely independent.

Performance

CLLNY vs. HNGKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cellnex Telecom S.A (CLLNY) and Hong Kong Land Holdings Ltd ADR (HNGKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLLNY achieves a 1.12% return, which is significantly lower than HNGKY's 9.05% return.

CLLNY

• 1D: -0.92%
• 1M: -1.16%
• YTD: 1.12%
• 6M: 10.65%
• 1Y: -16.45%
• 3Y*: -7.12%
• 5Y*: -11.82%
• 10Y*: —

HNGKY

• 1D: 0.02%
• 1M: -7.95%
• YTD: 9.05%
• 6M: 15.94%
• 1Y: 41.96%
• 3Y*: 26.27%
• 5Y*: 13.92%
• 10Y*: 6.70%

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

CLLNY vs. HNGKY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CLLNY Cellnex Telecom S.A	1.12%	2.87%	-20.49%	19.20%	-42.80%	-3.69%	42.06%	69.71%
HNGKY Hong Kong Land Holdings Ltd ADR	9.05%	68.39%	28.96%	-19.34%	-1.94%	26.39%	-22.92%	-14.75%

Correlation

The correlation between CLLNY and HNGKY is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.03

Fundamentals

Market Cap CLLNY : $43.69B HNGKY : $81.33B
EPS CLLNY : -$0.15 HNGKY : -$0.06
PS Ratio CLLNY : 8.54 HNGKY : 23.49
PB Ratio CLLNY : 3.65 HNGKY : 2.64
Total Revenue (TTM) CLLNY : $4.50B HNGKY : $3.48B
Gross Profit (TTM) CLLNY : $2.28B HNGKY : $1.30B
EBITDA (TTM) CLLNY : $3.04B HNGKY : $2.19B

Return for Risk

CLLNY vs. HNGKY — Risk / Return Rank

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

CLLNY

CLLNY Risk / Return Rank: 18
CLLNY Sharpe Ratio Rank: 15
CLLNY Sortino Ratio Rank: 16
CLLNY Omega Ratio Rank: 17
CLLNY Calmar Ratio Rank: 22
CLLNY Martin Ratio Rank: 23

HNGKY

HNGKY Risk / Return Rank: 72
HNGKY Sharpe Ratio Rank: 71
HNGKY Sortino Ratio Rank: 67
HNGKY Omega Ratio Rank: 65
HNGKY Calmar Ratio Rank: 79
HNGKY Martin Ratio Rank: 78

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.

CLLNY vs. HNGKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cellnex Telecom S.A (CLLNY) and Hong Kong Land Holdings Ltd ADR (HNGKY). 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.

	CLLNY	HNGKY	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	0.98	-1.59
Sortino ratio: Return per unit of downside risk	-0.73	1.59	-2.32
Omega ratio: Gain probability vs. loss probability	0.92	1.19	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.56	2.48	-3.04
Martin ratio: Return relative to average drawdown	-0.96	5.74	-6.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLLNY vs. HNGKY - Sharpe Ratio Comparison

The current CLLNY Sharpe Ratio is -0.61, which is lower than the HNGKY Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of CLLNY and HNGKY, 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

	CLLNY	HNGKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	0.98	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	0.36	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.17	-0.06

Drawdowns

CLLNY vs. HNGKY - Drawdown Comparison

The maximum CLLNY drawdown since its inception was -64.29%, which is greater than HNGKY's maximum drawdown of -52.89%. Use the drawdown chart below to compare losses from any high point for CLLNY and HNGKY.

Drawdown Indicators

	CLLNY	HNGKY	Difference
Max Drawdown Largest peak-to-trough decline	-64.29%	-52.89%	-11.40%
Max Drawdown (1Y) Largest decline over 1 year	-29.38%	-17.01%	-12.37%
Max Drawdown (3Y) Largest decline over 3 years	-34.54%	-30.65%	-3.89%
Max Drawdown (5Y) Largest decline over 5 years	-62.07%	-43.48%	-18.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.86%	—
Current Drawdown Current decline from peak	-57.93%	-16.99%	-40.94%
Average Drawdown Average peak-to-trough decline	-42.45%	-18.98%	-23.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.23%	7.33%	+9.90%

Volatility

CLLNY vs. HNGKY - Volatility Comparison

The current volatility for Cellnex Telecom S.A (CLLNY) is 7.75%, while Hong Kong Land Holdings Ltd ADR (HNGKY) has a volatility of 11.15%. This indicates that CLLNY experiences smaller price fluctuations and is considered to be less risky than HNGKY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLLNY	HNGKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	11.15%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	21.43%	26.54%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	27.00%	43.11%	-16.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.76%	38.46%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.12%	32.94%	+10.18%

Dividends

CLLNY vs. HNGKY - Dividend Comparison

CLLNY's dividend yield for the trailing twelve months is around 0.05%, less than HNGKY's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CLLNY Cellnex Telecom S.A	0.05%	0.05%	0.17%	0.13%	0.16%	3.89%	0.05%	0.00%	0.00%	0.00%	0.00%
HNGKY Hong Kong Land Holdings Ltd ADR	3.36%	3.30%	5.06%	6.10%	5.78%	4.18%	5.05%	3.52%	3.02%	2.58%	2.64%

Financials

Frequently Asked Questions

Can I hold both CLLNY and HNGKY in my portfolio?

CLLNY and HNGKY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLLNY or HNGKY?

HNGKY has higher volatility (11.15%) compared to CLLNY (7.75%). In terms of maximum drawdown, CLLNY dropped -64.29% vs HNGKY's -52.89%.

Which has better risk-adjusted returns?

HNGKY currently has the higher Sharpe Ratio (0.98 vs -0.61), 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.