HSAI vs. FUTU

Last updated Apr 1, 2026

Compare and contrast key facts about Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) and Futu Holdings Limited (FUTU).

Performance

HSAI vs. FUTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) and Futu Holdings Limited (FUTU). The values are adjusted to include any dividend payments, if applicable.

HSAI vs. FUTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HSAI Hesai Group American Depositary Share each ADS represents one Class B ordinary share	-14.64%	62.08%	55.11%	-57.67%
FUTU Futu Holdings Limited	-16.72%	105.29%	49.87%	15.01%

Fundamentals

Market Cap HSAI : $3.11B FUTU : $19.37B
EPS HSAI : $2.91 FUTU : $80.26
PE Ratio HSAI : 6.57 FUTU : 1.70
PS Ratio HSAI : 0.94 FUTU : 0.85
PB Ratio HSAI : 0.35 FUTU : 0.48
Total Revenue (TTM) HSAI : $3.01B FUTU : $22.85B
Gross Profit (TTM) HSAI : $1.26B FUTU : $19.91B
EBITDA (TTM) HSAI : $182.07M FUTU : $13.96B

Returns By Period

In the year-to-date period, HSAI achieves a -14.64% return, which is significantly higher than FUTU's -16.72% return.

HSAI

• 1D: 7.84%
• 1M: -29.05%
• YTD: -14.64%
• 6M: -31.96%
• 1Y: 29.19%
• 3Y*: 7.32%
• 5Y*: —
• 10Y*: —

FUTU

• 1D: 4.10%
• 1M: -8.12%
• YTD: -16.72%
• 6M: -21.36%
• 1Y: 33.62%
• 3Y*: 39.24%
• 5Y*: -1.84%
• 10Y*: —

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

Return for Risk

HSAI vs. FUTU — Risk / Return Rank

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

HSAI

HSAI Risk / Return Rank: 56
HSAI Sharpe Ratio Rank: 55
HSAI Sortino Ratio Rank: 59
HSAI Omega Ratio Rank: 56
HSAI Calmar Ratio Rank: 54
HSAI Martin Ratio Rank: 56

FUTU

FUTU Risk / Return Rank: 62
FUTU Sharpe Ratio Rank: 64
FUTU Sortino Ratio Rank: 61
FUTU Omega Ratio Rank: 59
FUTU Calmar Ratio Rank: 63
FUTU Martin Ratio Rank: 63

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.

HSAI vs. FUTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) and Futu Holdings Limited (FUTU). 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.

	HSAI	FUTU	Difference
Sharpe ratio Return per unit of total volatility	0.36	0.60	-0.24
Sortino ratio Return per unit of downside risk	1.14	1.18	-0.04
Omega ratio Gain probability vs. loss probability	1.13	1.15	-0.01
Calmar ratio Return relative to maximum drawdown	0.52	0.94	-0.42
Martin ratio Return relative to average drawdown	1.38	2.16	-0.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSAI vs. FUTU - Sharpe Ratio Comparison

The current HSAI Sharpe Ratio is 0.36, which is lower than the FUTU Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of HSAI and FUTU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HSAI	FUTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.60	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.50	-0.53

Correlation

The correlation between HSAI and FUTU is 0.40, 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.

Dividends

HSAI vs. FUTU - Dividend Comparison

Neither HSAI nor FUTU has paid dividends to shareholders.

	TTM	2025	2024
HSAI Hesai Group American Depositary Share each ADS represents one Class B ordinary share	0.00%	0.00%	0.00%
FUTU Futu Holdings Limited	0.00%	0.00%	2.50%

Drawdowns

HSAI vs. FUTU - Drawdown Comparison

The maximum HSAI drawdown since its inception was -84.17%, roughly equal to the maximum FUTU drawdown of -87.23%. Use the drawdown chart below to compare losses from any high point for HSAI and FUTU.

Drawdown Indicators

	HSAI	FUTU	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-87.23%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-49.56%	-34.00%	-15.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-86.42%	—
Current Drawdown Current decline from peak	-35.84%	-31.29%	-4.55%
Average Drawdown Average peak-to-trough decline	-46.32%	-48.02%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.64%	14.80%	+3.84%

Volatility

HSAI vs. FUTU - Volatility Comparison

Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) has a higher volatility of 23.26% compared to Futu Holdings Limited (FUTU) at 14.77%. This indicates that HSAI's price experiences larger fluctuations and is considered to be riskier than FUTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSAI	FUTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.26%	14.77%	+8.49%
Volatility (6M) Calculated over the trailing 6-month period	51.80%	35.73%	+16.07%
Volatility (1Y) Calculated over the trailing 1-year period	81.76%	56.08%	+25.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.51%	73.06%	+26.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.51%	74.54%	+24.97%

Financials

HSAI vs. FUTU - Profitability Comparison

The chart below illustrates the profitability comparison between Hesai Group American Depositary Share each ADS represents one Class B ordinary share and Futu Holdings Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HSAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported a gross profit of 404.82M and revenue of 986.68M. Therefore, the gross margin over that period was 41.0%.

FUTU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Futu Holdings Limited reported a gross profit of 5.71B and revenue of 6.44B. Therefore, the gross margin over that period was 88.7%.

HSAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported an operating income of 41.22M and revenue of 986.68M, resulting in an operating margin of 4.2%.

FUTU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Futu Holdings Limited reported an operating income of 4.15B and revenue of 6.44B, resulting in an operating margin of 64.4%.

HSAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported a net income of 151.06M and revenue of 986.68M, resulting in a net margin of 15.3%.

FUTU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Futu Holdings Limited reported a net income of 3.39B and revenue of 6.44B, resulting in a net margin of 52.7%.