GOPIX vs. 3993.HK
Compare and contrast key facts about abrdn China A Share Equity Fund (GOPIX) and CMOC Group Ltd (3993.HK).
GOPIX is managed by Aberdeen. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOPIX or 3993.HK.
Key characteristics
| GOPIX | 3993.HK | |
|---|---|---|
| YTD Return | 1.66% | 73.30% |
| 1Y Return | -19.75% | 60.34% |
| 3Y Return (Ann) | -17.39% | 11.96% |
| 5Y Return (Ann) | -1.42% | 24.11% |
| 10Y Return (Ann) | 2.25% | 24.10% |
| Sharpe Ratio | -1.04 | 1.32 |
| Daily Std Dev | 19.10% | 37.90% |
| Max Drawdown | -78.62% | -92.43% |
| Current Drawdown | -51.61% | -3.01% |
Correlation
The correlation between GOPIX and 3993.HK is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOPIX vs. 3993.HK - Performance Comparison
In the year-to-date period, GOPIX achieves a 1.66% return, which is significantly lower than 3993.HK's 73.30% return. Over the past 10 years, GOPIX has underperformed 3993.HK with an annualized return of 2.25%, while 3993.HK has yielded a comparatively higher 24.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GOPIX vs. 3993.HK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn China A Share Equity Fund (GOPIX) and CMOC Group Ltd (3993.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.
Dividends
GOPIX vs. 3993.HK - Dividend Comparison
GOPIX's dividend yield for the trailing twelve months is around 0.78%, less than 3993.HK's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOPIX abrdn China A Share Equity Fund | 0.78% | 0.79% | 0.00% | 2.58% | 1.44% | 4.45% | 0.41% | 1.24% | 1.40% | 2.03% | 1.08% | 0.96% |
3993.HK CMOC Group Ltd | 1.27% | 2.20% | 2.33% | 0.97% | 0.93% | 3.74% | 3.25% | 0.79% | 1.55% | 5.25% | 3.92% | 4.35% |
Drawdowns
GOPIX vs. 3993.HK - Drawdown Comparison
The maximum GOPIX drawdown since its inception was -78.62%, smaller than the maximum 3993.HK drawdown of -92.43%. Use the drawdown chart below to compare losses from any high point for GOPIX and 3993.HK. For additional features, visit the drawdowns tool.
Volatility
GOPIX vs. 3993.HK - Volatility Comparison
The current volatility for abrdn China A Share Equity Fund (GOPIX) is 5.52%, while CMOC Group Ltd (3993.HK) has a volatility of 12.58%. This indicates that GOPIX experiences smaller price fluctuations and is considered to be less risky than 3993.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.