PNGAY vs. BABA

Last updated Jun 24, 2026

PNGAY (Ping An Insurance Company of China) and BABA (Alibaba Group Holding Limited) are both stocks. PNGAY operates in Insurance - Life (Financial Services), while BABA operates in Internet Retail (Consumer Cyclical). Over the past 10 years, PNGAY returned 9.27%/yr vs 3.64%/yr for BABA. At a 0.49 correlation, their price movements are largely independent.

Performance

PNGAY vs. BABA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ping An Insurance Company of China (PNGAY) and Alibaba Group Holding Limited (BABA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PNGAY achieves a -14.93% return, which is significantly higher than BABA's -29.36% return. Over the past 10 years, PNGAY has outperformed BABA with an annualized return of 9.27%, while BABA has yielded a comparatively lower 3.64% annualized return.

PNGAY

• 1D: -1.78%
• 1M: -7.97%
• YTD: -14.93%
• 6M: -15.98%
• 1Y: 19.07%
• 3Y*: 9.89%
• 5Y*: -1.42%
• 10Y*: 9.27%

BABA

• 1D: -2.26%
• 1M: -20.35%
• YTD: -29.36%
• 6M: -31.53%
• 1Y: -8.44%
• 3Y*: 8.69%
• 5Y*: -12.97%
• 10Y*: 3.64%

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

PNGAY vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNGAY Ping An Insurance Company of China	-14.93%	52.29%	38.53%	-27.60%	-2.17%	-39.34%	5.51%	39.67%	-15.03%	113.23%
BABA Alibaba Group Holding Limited	-29.36%	75.80%	11.77%	-10.83%	-25.84%	-48.96%	9.73%	54.74%	-20.51%	96.37%

Correlation

The correlation between PNGAY and BABA is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014	0.49

The correlation between PNGAY and BABA shifts across timeframes, from 0.32 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PNGAY : $138.12B BABA : $247.77B
EPS PNGAY : CN¥14.31 BABA : CN¥33.90
PE Ratio PNGAY : 6.54 BABA : 20.48
PEG Ratio PNGAY : 0.79 BABA : 0.92
PS Ratio PNGAY : 0.89 BABA : 2.06
PB Ratio PNGAY : 0.92 BABA : 1.59
Total Revenue (TTM) PNGAY : CN¥973.47B BABA : CN¥811.51B
Gross Profit (TTM) PNGAY : CN¥968.48B BABA : CN¥332.88B
EBITDA (TTM) PNGAY : CN¥163.00B BABA : CN¥112.44B

Return for Risk

PNGAY vs. BABA — Risk / Return Rank

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

PNGAY

PNGAY Risk / Return Rank: 61
PNGAY Sharpe Ratio Rank: 66
PNGAY Sortino Ratio Rank: 61
PNGAY Omega Ratio Rank: 58
PNGAY Calmar Ratio Rank: 60
PNGAY Martin Ratio Rank: 61

BABA

BABA Risk / Return Rank: 34
BABA Sharpe Ratio Rank: 35
BABA Sortino Ratio Rank: 32
BABA Omega Ratio Rank: 32
BABA Calmar Ratio Rank: 37
BABA Martin Ratio Rank: 35

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.

PNGAY vs. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ping An Insurance Company of China (PNGAY) and Alibaba Group Holding Limited (BABA). 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.

	PNGAY	BABA	Difference
Sharpe ratio: Return per unit of total volatility	0.73	-0.19	+0.92
Sortino ratio: Return per unit of downside risk	1.21	0.02	+1.19
Omega ratio: Gain probability vs. loss probability	1.14	1.00	+0.14
Calmar ratio: Return relative to maximum drawdown	0.79	-0.19	+0.97
Martin ratio: Return relative to average drawdown	1.89	-0.41	+2.30

PNGAY vs. BABA - Sharpe Ratio Comparison

The current PNGAY Sharpe Ratio is 0.73, which is higher than the BABA Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of PNGAY and BABA, 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

PNGAY vs. BABA - Drawdown Comparison

The maximum PNGAY drawdown since its inception was -78.52%, roughly equal to the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for PNGAY and BABA.

Drawdown Indicators

	PNGAY	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-78.52%	-80.09%	+1.57%
Max Drawdown (1Y) Largest decline over 1 year	-24.40%	-45.31%	+20.91%
Max Drawdown (3Y) Largest decline over 3 years	-46.53%	-45.31%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-57.17%	-72.48%	+15.31%
Max Drawdown (10Y) Largest decline over 10 years	-66.83%	-80.09%	+13.26%
Current Drawdown Current decline from peak	-32.09%	-65.62%	+33.53%
Average Drawdown Average peak-to-trough decline	-42.78%	-37.61%	-5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.13%	20.66%	-10.53%

Volatility

PNGAY vs. BABA - Volatility Comparison

The current volatility for Ping An Insurance Company of China (PNGAY) is 6.05%, while Alibaba Group Holding Limited (BABA) has a volatility of 8.04%. This indicates that PNGAY experiences smaller price fluctuations and is considered to be less risky than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNGAY	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	8.04%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	29.29%	-9.92%
Volatility (1Y) Calculated over the trailing 1-year period	26.42%	43.82%	-17.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.90%	51.46%	-10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.71%	43.41%	-8.70%

Dividends

PNGAY vs. BABA - Dividend Comparison

PNGAY's dividend yield for the trailing twelve months is around 5.65%, more than BABA's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BABA Alibaba Group Holding Limited	1.02%	1.36%	1.96%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PNGAY Ping An Insurance Company of China	5.65%	4.23%	5.81%	7.66%	5.81%	4.47%	2.05%	1.88%	2.35%	1.17%	3.03%	1.99%

Financials

PNGAY vs. BABA - Profitability Comparison

The chart below illustrates the profitability comparison between Ping An Insurance Company of China and Alibaba Group Holding Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PNGAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported a gross profit of 183.80B and revenue of 186.35B. Therefore, the gross margin over that period was 98.6%.

BABA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a gross profit of 11.75B and revenue of 35.15B. Therefore, the gross margin over that period was 33.4%.

PNGAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported an operating income of 35.08B and revenue of 186.35B, resulting in an operating margin of 18.8%.

BABA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported an operating income of -135.47M and revenue of 35.15B, resulting in an operating margin of -0.4%.

PNGAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ping An Insurance Company of China reported a net income of 25.02B and revenue of 186.35B, resulting in a net margin of 13.4%.

BABA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a net income of 3.69B and revenue of 35.15B, resulting in a net margin of 10.5%.

Frequently Asked Questions

Can I hold both PNGAY and BABA in my portfolio?

PNGAY and BABA have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PNGAY or BABA?

BABA has higher volatility (8.04%) compared to PNGAY (6.05%). In terms of maximum drawdown, PNGAY dropped -78.52% vs BABA's -80.09%.

Which has better risk-adjusted returns?

PNGAY currently has the higher Sharpe Ratio (0.73 vs -0.19), 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.