GMD.AX vs. 0189.HK

Last updated Jul 21, 2026

GMD.AX (Genesis Minerals Limited) and 0189.HK (Dongyue Group Ltd) are both stocks. Both are in the Basic Materials sector — GMD.AX in Gold, 0189.HK in Chemicals. Over the past 10 years, GMD.AX returned 35.44%/yr vs 30.53%/yr for 0189.HK. At a 0.05 correlation, their price movements are largely independent.

Performance

GMD.AX vs. 0189.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Genesis Minerals Limited (GMD.AX) and Dongyue Group Ltd (0189.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GMD.AX is traded in AUD, while 0189.HK is traded in HKD. To make them comparable, the 0189.HK values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GMD.AX achieves a -22.62% return, which is significantly lower than 0189.HK's 11.71% return. Over the past 10 years, GMD.AX has outperformed 0189.HK with an annualized return of 35.44%, while 0189.HK has yielded a comparatively lower 30.53% annualized return.

GMD.AX

• 1D: 1.63%
• 1M: -5.87%
• 6M: -26.38%
• YTD: -22.62%
• 1Y: 44.96%
• 3Y*: 56.99%
• 5Y*: 49.72%
• 10Y*: 35.44%
• ALL TIME*: 9.05%

0189.HK

• 1D: -1.40%
• 1M: -40.42%
• 6M: 0.62%
• YTD: 11.71%
• 1Y: 15.40%
• 3Y*: 17.48%
• 5Y*: 4.76%
• 10Y*: 30.53%
• ALL TIME*: 15.21%

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

GMD.AX vs. 0189.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMD.AX Genesis Minerals Limited	-22.62%	193.52%	37.99%	43.20%	-24.24%	127.27%	138.83%	-1.12%	-0.00%	43.48%
0189.HK Dongyue Group Ltd	11.71%	24.71%	60.76%	-28.50%	-22.47%	113.09%	39.57%	15.67%	-14.95%	281.27%

Correlation

The correlation between GMD.AX and 0189.HK is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jun 27, 2011	0.05

The correlation between GMD.AX and 0189.HK shifts across timeframes, from 0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GMD.AX vs. 0189.HK — Risk / Return Rank

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

GMD.AX

GMD.AX Risk / Return Rank: 67
GMD.AX Sharpe Ratio Rank: 69
GMD.AX Sortino Ratio Rank: 67
GMD.AX Omega Ratio Rank: 66
GMD.AX Calmar Ratio Rank: 67
GMD.AX Martin Ratio Rank: 67

0189.HK

0189.HK Risk / Return Rank: 61
0189.HK Sharpe Ratio Rank: 61
0189.HK Sortino Ratio Rank: 62
0189.HK Omega Ratio Rank: 58
0189.HK Calmar Ratio Rank: 59
0189.HK Martin Ratio Rank: 62

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.

GMD.AX vs. 0189.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genesis Minerals Limited (GMD.AX) and Dongyue Group Ltd (0189.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.

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.

	GMD.AX	0189.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.28	+0.41
Sortino ratio: Return per unit of downside risk	1.35	0.90	+0.45
Omega ratio: Gain probability vs. loss probability	1.16	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	1.01	0.36	+0.65
Martin ratio: Return relative to average drawdown	2.24	0.91	+1.33

GMD.AX vs. 0189.HK - Sharpe Ratio Comparison

The current GMD.AX Sharpe Ratio is 0.69, which is higher than the 0189.HK Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of GMD.AX and 0189.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.

Drawdowns

GMD.AX vs. 0189.HK - Drawdown Comparison

The maximum GMD.AX drawdown since its inception was -97.97%, which is greater than 0189.HK's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for GMD.AX and 0189.HK.

Drawdown Indicators

	GMD.AX	0189.HK	Difference
Max Drawdown Largest peak-to-trough decline	-97.97%	-83.29%	-14.68%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-44.14%	+1.15%
Max Drawdown (3Y) Largest decline over 3 years	-42.99%	-46.46%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	-54.36%	-76.40%	+22.04%
Max Drawdown (10Y) Largest decline over 10 years	-62.50%	-76.40%	+13.90%
Current Drawdown Current decline from peak	-33.37%	-44.14%	+10.77%
Average Drawdown Average peak-to-trough decline	-53.62%	-47.01%	-6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.61%	17.29%	+2.32%

Volatility

GMD.AX vs. 0189.HK - Volatility Comparison

Genesis Minerals Limited (GMD.AX) has a higher volatility of 23.05% compared to Dongyue Group Ltd (0189.HK) at 14.57%. This indicates that GMD.AX's price experiences larger fluctuations and is considered to be riskier than 0189.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMD.AX	0189.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.05%	14.57%	+8.48%
Volatility (6M) Calculated over the trailing 6-month period	50.73%	47.23%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	62.54%	57.20%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.06%	59.34%	+25.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.58%	64.25%	+16.33%

Dividends

GMD.AX vs. 0189.HK - Dividend Comparison

GMD.AX has not paid dividends to shareholders, while 0189.HK's dividend yield for the trailing twelve months is around 2.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0189.HK Dongyue Group Ltd	2.39%	0.92%	1.23%	10.62%	3.96%	1.15%	3.74%	8.10%	7.43%	2.75%	0.00%	4.57%
GMD.AX Genesis Minerals Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both GMD.AX and 0189.HK in my portfolio?

GMD.AX and 0189.HK have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.