TRX.TO vs. 0116.HK

Last updated Jun 4, 2026

TRX.TO (TRX Gold Corp) and 0116.HK (CHOW SANG SANG) are both stocks. TRX.TO operates in Gold (Basic Materials), while 0116.HK operates in Luxury Goods (Consumer Cyclical). Over the past 10 years, TRX.TO returned 9.45%/yr vs 3.06%/yr for 0116.HK. At a 0.01 correlation, their price movements are largely independent.

Performance

TRX.TO vs. 0116.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TRX Gold Corp (TRX.TO) and CHOW SANG SANG (0116.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TRX.TO is traded in CAD, while 0116.HK is traded in HKD. To make them comparable, the 0116.HK values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TRX.TO achieves a 16.54% return, which is significantly higher than 0116.HK's -6.50% return. Over the past 10 years, TRX.TO has outperformed 0116.HK with an annualized return of 9.45%, while 0116.HK has yielded a comparatively lower 3.06% annualized return.

TRX.TO

• 1D: -5.13%
• 1M: -3.90%
• YTD: 16.54%
• 6M: 45.10%
• 1Y: 221.74%
• 3Y*: 32.24%
• 5Y*: 19.01%
• 10Y*: 9.45%

0116.HK

• 1D: -2.75%
• 1M: -5.19%
• YTD: -6.50%
• 6M: -7.18%
• 1Y: 46.25%
• 3Y*: 14.34%
• 5Y*: 3.90%
• 10Y*: 3.06%

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

TRX.TO vs. 0116.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRX.TO TRX Gold Corp	16.54%	188.64%	-13.73%	13.33%	-8.16%	-41.67%	6.33%	64.58%	37.14%	-47.76%
0116.HK CHOW SANG SANG	-6.50%	90.27%	-15.04%	-11.78%	6.68%	25.76%	-6.99%	-15.74%	-31.02%	24.90%

Correlation

The correlation between TRX.TO and 0116.HK is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.01

Return for Risk

TRX.TO vs. 0116.HK — Risk / Return Rank

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

TRX.TO

TRX.TO Risk / Return Rank: 89
TRX.TO Sharpe Ratio Rank: 92
TRX.TO Sortino Ratio Rank: 89
TRX.TO Omega Ratio Rank: 88
TRX.TO Calmar Ratio Rank: 89
TRX.TO Martin Ratio Rank: 87

0116.HK

0116.HK Risk / Return Rank: 68
0116.HK Sharpe Ratio Rank: 68
0116.HK Sortino Ratio Rank: 71
0116.HK Omega Ratio Rank: 66
0116.HK Calmar Ratio Rank: 70
0116.HK Martin Ratio Rank: 68

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.

TRX.TO vs. 0116.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TRX Gold Corp (TRX.TO) and CHOW SANG SANG (0116.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.

	TRX.TO	0116.HK	Difference
Sharpe ratio: Return per unit of total volatility	2.52	0.90	+1.63
Sortino ratio: Return per unit of downside risk	3.07	1.80	+1.26
Omega ratio: Gain probability vs. loss probability	1.40	1.20	+0.20
Calmar ratio: Return relative to maximum drawdown	4.48	1.64	+2.84
Martin ratio: Return relative to average drawdown	10.11	3.33	+6.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRX.TO vs. 0116.HK - Sharpe Ratio Comparison

The current TRX.TO Sharpe Ratio is 2.52, which is higher than the 0116.HK Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of TRX.TO and 0116.HK, 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

	TRX.TO	0116.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	0.90	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.11	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.09	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.26	-0.24

Drawdowns

TRX.TO vs. 0116.HK - Drawdown Comparison

The maximum TRX.TO drawdown since its inception was -97.16%, which is greater than 0116.HK's maximum drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for TRX.TO and 0116.HK.

Drawdown Indicators

	TRX.TO	0116.HK	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-61.32%	-35.84%
Max Drawdown (1Y) Largest decline over 1 year	-49.83%	-29.03%	-20.80%
Max Drawdown (3Y) Largest decline over 3 years	-49.83%	-40.58%	-9.25%
Max Drawdown (5Y) Largest decline over 5 years	-53.75%	-49.35%	-4.40%
Max Drawdown (10Y) Largest decline over 10 years	-83.07%	-61.32%	-21.75%
Current Drawdown Current decline from peak	-84.97%	-27.07%	-57.90%
Average Drawdown Average peak-to-trough decline	-67.11%	-30.63%	-36.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.03%	14.11%	+7.92%

Volatility

TRX.TO vs. 0116.HK - Volatility Comparison

TRX Gold Corp (TRX.TO) has a higher volatility of 18.53% compared to CHOW SANG SANG (0116.HK) at 11.63%. This indicates that TRX.TO's price experiences larger fluctuations and is considered to be riskier than 0116.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRX.TO	0116.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	11.63%	+6.90%
Volatility (6M) Calculated over the trailing 6-month period	71.69%	28.49%	+43.20%
Volatility (1Y) Calculated over the trailing 1-year period	88.46%	53.21%	+35.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.57%	37.69%	+26.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.98%	33.55%	+41.43%

Dividends

TRX.TO vs. 0116.HK - Dividend Comparison

TRX.TO has not paid dividends to shareholders, while 0116.HK's dividend yield for the trailing twelve months is around 9.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0116.HK CHOW SANG SANG	9.35%	4.67%	8.47%	3.90%	4.16%	3.67%	3.41%	5.99%	4.91%	2.33%	1.53%	4.78%
TRX.TO TRX Gold Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TRX.TO and 0116.HK in my portfolio?

TRX.TO and 0116.HK have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.