CMC.DE vs. 3988.HK

Last updated Jun 5, 2026

CMC.DE (JPMorgan Chase & Co) and 3988.HK (Bank of China Limited) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 5 years, CMC.DE returned 17.05%/yr vs 21.50%/yr for 3988.HK. At a 0.13 correlation, their price movements are largely independent.

Performance

CMC.DE vs. 3988.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Chase & Co (CMC.DE) and Bank of China Limited (3988.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CMC.DE is traded in EUR, while 3988.HK is traded in HKD. To make them comparable, the 3988.HK values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CMC.DE achieves a -2.54% return, which is significantly lower than 3988.HK's 18.32% return.

CMC.DE

• 1D: 4.35%
• 1M: 0.96%
• YTD: -2.54%
• 6M: -0.75%
• 1Y: 17.07%
• 3Y*: 29.90%
• 5Y*: 17.05%
• 10Y*: —

3988.HK

• 1D: -0.45%
• 1M: 4.73%
• YTD: 18.32%
• 6M: 16.01%
• 1Y: 15.64%
• 3Y*: 25.71%
• 5Y*: 21.50%
• 10Y*: 12.34%

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

CMC.DE vs. 3988.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CMC.DE JPMorgan Chase & Co	-2.54%	22.97%	51.62%	27.30%	-8.93%	39.61%	-15.13%	5.86%
3988.HK Bank of China Limited	18.32%	7.91%	53.61%	10.80%	16.88%	22.55%	-21.42%	1.72%

Correlation

The correlation between CMC.DE and 3988.HK is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.13

Return for Risk

CMC.DE vs. 3988.HK — Risk / Return Rank

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

CMC.DE

CMC.DE Risk / Return Rank: 62
CMC.DE Sharpe Ratio Rank: 66
CMC.DE Sortino Ratio Rank: 57
CMC.DE Omega Ratio Rank: 56
CMC.DE Calmar Ratio Rank: 65
CMC.DE Martin Ratio Rank: 65

3988.HK

3988.HK Risk / Return Rank: 68
3988.HK Sharpe Ratio Rank: 73
3988.HK Sortino Ratio Rank: 66
3988.HK Omega Ratio Rank: 63
3988.HK Calmar Ratio Rank: 68
3988.HK Martin Ratio Rank: 70

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.

CMC.DE vs. 3988.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co (CMC.DE) and Bank of China Limited (3988.HK). 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.

	CMC.DE	3988.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.76	0.90	-0.14
Sortino ratio: Return per unit of downside risk	1.12	1.34	-0.22
Omega ratio: Gain probability vs. loss probability	1.14	1.16	-0.02
Calmar ratio: Return relative to maximum drawdown	1.19	1.35	-0.16
Martin ratio: Return relative to average drawdown	2.69	3.20	-0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMC.DE vs. 3988.HK - Sharpe Ratio Comparison

The current CMC.DE Sharpe Ratio is 0.76, which is comparable to the 3988.HK Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CMC.DE and 3988.HK, 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

	CMC.DE	3988.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.90	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.14	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.33	+0.23

Drawdowns

CMC.DE vs. 3988.HK - Drawdown Comparison

The maximum CMC.DE drawdown since its inception was -41.77%, smaller than the maximum 3988.HK drawdown of -60.80%. Use the drawdown chart below to compare losses from any high point for CMC.DE and 3988.HK.

Drawdown Indicators

	CMC.DE	3988.HK	Difference
Max Drawdown Largest peak-to-trough decline	-41.77%	-60.80%	+19.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.26%	-11.85%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-27.86%	-15.72%	-12.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-16.31%	-11.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.71%	—
Current Drawdown Current decline from peak	-5.98%	-0.91%	-5.07%
Average Drawdown Average peak-to-trough decline	-10.42%	-20.97%	+10.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	4.97%	+1.37%

Volatility

CMC.DE vs. 3988.HK - Volatility Comparison

JPMorgan Chase & Co (CMC.DE) has a higher volatility of 7.10% compared to Bank of China Limited (3988.HK) at 4.92%. This indicates that CMC.DE's price experiences larger fluctuations and is considered to be riskier than 3988.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMC.DE	3988.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	4.92%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	13.08%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	17.85%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.43%	19.42%	+5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	19.65%	+9.03%

Dividends

CMC.DE vs. 3988.HK - Dividend Comparison

CMC.DE's dividend yield for the trailing twelve months is around 1.63%, less than 3988.HK's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3988.HK Bank of China Limited	2.29%	8.56%	6.53%	8.45%	9.12%	8.46%	7.90%	6.33%	6.26%	5.01%	6.02%	6.86%
CMC.DE JPMorgan Chase & Co	1.63%	1.54%	1.59%	2.12%	2.63%	1.91%	2.69%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CMC.DE and 3988.HK in my portfolio?

CMC.DE and 3988.HK have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.