HNGKY vs. CLLNY

Last updated Jun 3, 2026

HNGKY (Hong Kong Land Holdings Ltd ADR) and CLLNY (Cellnex Telecom S.A) are both stocks. Both are in the Real Estate sector — HNGKY in Real Estate - Development, CLLNY in Real Estate - Services. Over the past 5 years, HNGKY returned 14.71%/yr vs -11.30%/yr for CLLNY. At a 0.03 correlation, their price movements are largely independent.

Performance

HNGKY vs. CLLNY - Performance Comparison

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

Returns By Period

In the year-to-date period, HNGKY achieves a 11.61% return, which is significantly higher than CLLNY's 1.00% return.

HNGKY

• 1D: -0.65%
• 1M: -3.01%
• YTD: 11.61%
• 6M: 18.49%
• 1Y: 38.90%
• 3Y*: 27.11%
• 5Y*: 14.71%
• 10Y*: 6.94%

CLLNY

• 1D: -0.80%
• 1M: -3.11%
• YTD: 1.00%
• 6M: 12.12%
• 1Y: -16.81%
• 3Y*: -7.39%
• 5Y*: -11.30%
• 10Y*: —

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

HNGKY vs. CLLNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HNGKY Hong Kong Land Holdings Ltd ADR	11.61%	68.39%	28.96%	-19.34%	-1.94%	26.39%	-22.92%	-14.75%
CLLNY Cellnex Telecom S.A	1.00%	2.87%	-20.49%	19.20%	-42.80%	-3.69%	42.06%	69.71%

Correlation

The correlation between HNGKY and CLLNY 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 HNGKY : $83.23B CLLNY : $43.64B
EPS HNGKY : -$0.06 CLLNY : -$0.15
PS Ratio HNGKY : 24.04 CLLNY : 8.52
PB Ratio HNGKY : 2.70 CLLNY : 3.64
Total Revenue (TTM) HNGKY : $3.48B CLLNY : $4.50B
Gross Profit (TTM) HNGKY : $1.30B CLLNY : $2.28B
EBITDA (TTM) HNGKY : $2.19B CLLNY : $3.04B

Return for Risk

HNGKY vs. CLLNY — Risk / Return Rank

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

HNGKY

HNGKY Risk / Return Rank: 71
HNGKY Sharpe Ratio Rank: 69
HNGKY Sortino Ratio Rank: 65
HNGKY Omega Ratio Rank: 62
HNGKY Calmar Ratio Rank: 81
HNGKY Martin Ratio Rank: 78

CLLNY

CLLNY Risk / Return Rank: 18
CLLNY Sharpe Ratio Rank: 14
CLLNY Sortino Ratio Rank: 15
CLLNY Omega Ratio Rank: 16
CLLNY Calmar Ratio Rank: 22
CLLNY Martin Ratio Rank: 22

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.

HNGKY vs. CLLNY - Risk-Adjusted Trends Comparison

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

	HNGKY	CLLNY	Difference
Sharpe ratio Return per unit of total volatility	0.91	-0.63	+1.53
Sortino ratio Return per unit of downside risk	1.51	-0.75	+2.26
Omega ratio Gain probability vs. loss probability	1.18	0.91	+0.27
Calmar ratio Return relative to maximum drawdown	2.90	-0.52	+3.42
Martin ratio Return relative to average drawdown	6.12	-0.90	+7.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNGKY vs. CLLNY - Sharpe Ratio Comparison

The current HNGKY Sharpe Ratio is 0.91, which is higher than the CLLNY Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of HNGKY and CLLNY, 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

	HNGKY	CLLNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	-0.63	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	-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	0.17	0.10	+0.07

Drawdowns

HNGKY vs. CLLNY - Drawdown Comparison

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

Drawdown Indicators

	HNGKY	CLLNY	Difference
Max Drawdown Largest peak-to-trough decline	-52.89%	-64.29%	+11.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.18%	-29.38%	+14.20%
Max Drawdown (3Y) Largest decline over 3 years	-30.89%	-34.54%	+3.65%
Max Drawdown (5Y) Largest decline over 5 years	-43.48%	-62.07%	+18.59%
Max Drawdown (10Y) Largest decline over 10 years	-50.86%	—	—
Current Drawdown Current decline from peak	-15.04%	-57.98%	+42.94%
Average Drawdown Average peak-to-trough decline	-18.98%	-42.43%	+23.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	17.14%	-9.95%

Volatility

HNGKY vs. CLLNY - Volatility Comparison

Hong Kong Land Holdings Ltd ADR (HNGKY) has a higher volatility of 11.28% compared to Cellnex Telecom S.A (CLLNY) at 7.75%. This indicates that HNGKY's price experiences larger fluctuations and is considered to be riskier than CLLNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNGKY	CLLNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	7.75%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	26.62%	21.55%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	43.22%	27.05%	+16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.45%	31.80%	+6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.94%	43.15%	-10.21%

Dividends

HNGKY vs. CLLNY - Dividend Comparison

HNGKY's dividend yield for the trailing twelve months is around 3.28%, more than CLLNY's 0.05% 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	3.28%	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 HNGKY and CLLNY in my portfolio?

HNGKY and CLLNY 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, HNGKY or CLLNY?

HNGKY has higher volatility (11.28%) compared to CLLNY (7.75%). In terms of maximum drawdown, HNGKY dropped -52.89% vs CLLNY's -64.29%.

Which has better risk-adjusted returns?

HNGKY currently has the higher Sharpe Ratio (0.91 vs -0.63), 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.