PNGAY vs. SPGI
PNGAY (Ping An Insurance Company of China) and SPGI (S&P Global Inc.) are both stocks. Both are in the Financial Services sector — PNGAY in Insurance - Life, SPGI in Financial Data & Stock Exchanges. Over the past 10 years, PNGAY returned 9.27%/yr vs 15.47%/yr for SPGI. At a 0.25 correlation, their price movements are largely independent.
Performance
PNGAY vs. SPGI - Performance Comparison
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Returns By Period
In the year-to-date period, PNGAY achieves a -14.93% return, which is significantly higher than SPGI's -23.07% return. Over the past 10 years, PNGAY has underperformed SPGI with an annualized return of 9.27%, while SPGI has yielded a comparatively higher 15.47% 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%
SPGI
- 1D
- -1.77%
- 1M
- -3.95%
- YTD
- -23.07%
- 6M
- -23.44%
- 1Y
- -21.58%
- 3Y*
- 1.65%
- 5Y*
- 0.29%
- 10Y*
- 15.47%
PNGAY vs. SPGI - 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% |
SPGI S&P Global Inc. | -23.07% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
Correlation
The correlation between PNGAY and SPGI is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2007 | 0.25 |
Over the past year, the correlation between PNGAY and SPGI has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
PNGAY:
$138.12B
SPGI:
$119.09B
PNGAY:
CN¥14.31
SPGI:
$15.79
PNGAY:
6.54
SPGI:
25.35
PNGAY:
0.79
SPGI:
3.31
PNGAY:
0.89
SPGI:
7.70
PNGAY:
0.92
SPGI:
3.81
PNGAY:
CN¥973.47B
SPGI:
$15.73B
PNGAY:
CN¥968.48B
SPGI:
$8.15B
PNGAY:
CN¥163.00B
SPGI:
$7.83B
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Return for Risk
PNGAY vs. SPGI — Risk / Return Rank
PNGAY
SPGI
PNGAY vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ping An Insurance Company of China (PNGAY) and S&P Global Inc. (SPGI). 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 | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.71 | +1.50 |
| Martin ratioReturn relative to average drawdown | 1.89 | -1.31 | +3.19 |
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Drawdowns
PNGAY vs. SPGI - Drawdown Comparison
The maximum PNGAY drawdown since its inception was -78.52%, which is greater than SPGI's maximum drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for PNGAY and SPGI.
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Drawdown Indicators
| PNGAY | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.52% | -74.67% | -3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -30.48% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -46.53% | -30.48% | -16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | -39.76% | -17.41% |
Max Drawdown (10Y)Largest decline over 10 years | -66.83% | -39.76% | -27.07% |
Current DrawdownCurrent decline from peak | -32.09% | -28.47% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -42.78% | -15.24% | -27.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 16.55% | -6.42% |
Volatility
PNGAY vs. SPGI - Volatility Comparison
The current volatility for Ping An Insurance Company of China (PNGAY) is 6.05%, while S&P Global Inc. (SPGI) has a volatility of 8.13%. This indicates that PNGAY experiences smaller price fluctuations and is considered to be less risky than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNGAY | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 8.13% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.37% | 24.47% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.42% | 28.00% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.90% | 24.56% | +16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.71% | 26.01% | +8.70% |
Dividends
PNGAY vs. SPGI - Dividend Comparison
PNGAY's dividend yield for the trailing twelve months is around 5.65%, more than SPGI's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPGI S&P Global Inc. | 0.96% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Financials
PNGAY vs. SPGI - Financials Comparison
This section allows you to compare key financial metrics between Ping An Insurance Company of China and S&P Global Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PNGAY vs. SPGI - Profitability Comparison
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%.
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
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%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
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%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
Frequently Asked Questions
PNGAY and SPGI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (8.13%) compared to PNGAY (6.05%). In terms of maximum drawdown, PNGAY dropped -78.52% vs SPGI's -74.67%.
PNGAY currently has the higher Sharpe Ratio (0.73 vs -0.78), 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.
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