ESEA vs. 2328.HK

Last updated Jun 10, 2026

ESEA (Euroseas Ltd) and 2328.HK (PICC Property & Casualty-H) are both stocks. ESEA operates in Marine Shipping (Industrials), while 2328.HK operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, ESEA returned 23.25%/yr vs 14.77%/yr for 2328.HK. At a 0.07 correlation, their price movements are largely independent.

Performance

ESEA vs. 2328.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Euroseas Ltd (ESEA) and PICC Property & Casualty-H (2328.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESEA is traded in USD, while 2328.HK is traded in HKD. To make them comparable, the 2328.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESEA achieves a 25.78% return, which is significantly higher than 2328.HK's -9.95% return. Over the past 10 years, ESEA has outperformed 2328.HK with an annualized return of 23.25%, while 2328.HK has yielded a comparatively lower 14.77% annualized return.

ESEA

• 1D: 1.47%
• 1M: -7.24%
• YTD: 25.78%
• 6M: 16.74%
• 1Y: 72.75%
• 3Y*: 77.90%
• 5Y*: 40.80%
• 10Y*: 23.25%

2328.HK

• 1D: 0.92%
• 1M: -0.40%
• YTD: -9.95%
• 6M: -13.18%
• 1Y: 2.74%
• 3Y*: 22.16%
• 5Y*: 21.40%
• 10Y*: 14.77%

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

ESEA vs. 2328.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESEA Euroseas Ltd	25.78%	140.95%	23.60%	83.39%	-21.02%	358.75%	33.42%	-27.32%	-58.82%	0.59%
2328.HK PICC Property & Casualty-H	-9.95%	38.38%	43.13%	32.75%	23.23%	15.06%	-32.55%	22.32%	23.60%	28.51%

Correlation

The correlation between ESEA and 2328.HK is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007	0.07

The correlation between ESEA and 2328.HK shifts across timeframes, from -0.05 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESEA vs. 2328.HK — Risk / Return Rank

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

ESEA

ESEA Risk / Return Rank: 84
ESEA Sharpe Ratio Rank: 85
ESEA Sortino Ratio Rank: 79
ESEA Omega Ratio Rank: 80
ESEA Calmar Ratio Rank: 89
ESEA Martin Ratio Rank: 85

2328.HK

2328.HK Risk / Return Rank: 43
2328.HK Sharpe Ratio Rank: 47
2328.HK Sortino Ratio Rank: 41
2328.HK Omega Ratio Rank: 39
2328.HK Calmar Ratio Rank: 45
2328.HK Martin Ratio Rank: 45

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.

ESEA vs. 2328.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Euroseas Ltd (ESEA) and PICC Property & Casualty-H (2328.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.

	ESEA	2328.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.10	+1.55
Sortino ratio: Return per unit of downside risk	2.14	0.35	+1.78
Omega ratio: Gain probability vs. loss probability	1.28	1.04	+0.24
Calmar ratio: Return relative to maximum drawdown	3.98	0.10	+3.88
Martin ratio: Return relative to average drawdown	8.19	0.19	+8.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESEA vs. 2328.HK - Sharpe Ratio Comparison

The current ESEA Sharpe Ratio is 1.65, which is higher than the 2328.HK Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of ESEA and 2328.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

	ESEA	2328.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	0.10	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.73	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.45	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.36	-0.47

Drawdowns

ESEA vs. 2328.HK - Drawdown Comparison

The maximum ESEA drawdown since its inception was -99.84%, which is greater than 2328.HK's maximum drawdown of -89.31%. Use the drawdown chart below to compare losses from any high point for ESEA and 2328.HK.

Drawdown Indicators

	ESEA	2328.HK	Difference
Max Drawdown Largest peak-to-trough decline	-99.84%	-89.31%	-10.53%
Max Drawdown (1Y) Largest decline over 1 year	-18.36%	-28.08%	+9.72%
Max Drawdown (3Y) Largest decline over 3 years	-38.00%	-28.08%	-9.92%
Max Drawdown (5Y) Largest decline over 5 years	-51.28%	-28.08%	-23.20%
Max Drawdown (10Y) Largest decline over 10 years	-95.54%	-44.09%	-51.45%
Current Drawdown Current decline from peak	-87.23%	-23.64%	-63.59%
Average Drawdown Average peak-to-trough decline	-85.40%	-25.21%	-60.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.91%	14.37%	-5.46%

Volatility

ESEA vs. 2328.HK - Volatility Comparison

Euroseas Ltd (ESEA) has a higher volatility of 17.94% compared to PICC Property & Casualty-H (2328.HK) at 7.08%. This indicates that ESEA's price experiences larger fluctuations and is considered to be riskier than 2328.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESEA	2328.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	7.08%	+10.86%
Volatility (6M) Calculated over the trailing 6-month period	33.13%	20.11%	+13.02%
Volatility (1Y) Calculated over the trailing 1-year period	44.42%	27.98%	+16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.23%	30.27%	+24.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.54%	33.69%	+60.85%

Dividends

ESEA vs. 2328.HK - Dividend Comparison

ESEA's dividend yield for the trailing twelve months is around 5.37%, more than 2328.HK's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2328.HK PICC Property & Casualty-H	4.23%	3.83%	6.22%	5.65%	6.41%	7.13%	8.59%	3.29%	3.43%	3.54%	4.46%	3.33%
ESEA Euroseas Ltd	5.37%	16.23%	6.63%	6.42%	8.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ESEA and 2328.HK in my portfolio?

ESEA and 2328.HK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.