UOVEY vs. 3119.HK

Last updated Jul 11, 2026

UOVEY (United Overseas Bank Ltd ADR) is a stock, while 3119.HK (Global X Asia Semiconductor ETF) is Semiconductors fund tracking the FactSet Asia Semiconductor Index. Over the past 3 years, UOVEY returned 25.85%/yr vs 57.75%/yr for 3119.HK. At a 0.10 correlation, their price movements are largely independent.

Performance

UOVEY vs. 3119.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United Overseas Bank Ltd ADR (UOVEY) and Global X Asia Semiconductor ETF (3119.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UOVEY is traded in USD, while 3119.HK is traded in HKD. To make them comparable, the 3119.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UOVEY achieves a 28.78% return, which is significantly lower than 3119.HK's 98.27% return.

UOVEY

• 1D: -0.18%
• 1M: 15.64%
• 6M: 25.37%
• YTD: 28.78%
• 1Y: 25.55%
• 3Y*: 25.85%
• 5Y*: 18.35%
• 10Y*: 14.95%

3119.HK

• 1D: 0.00%
• 1M: 8.05%
• 6M: 84.19%
• YTD: 98.27%
• 1Y: 175.81%
• 3Y*: 57.75%
• 5Y*: —
• 10Y*: —

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

UOVEY vs. 3119.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UOVEY United Overseas Bank Ltd ADR	28.78%	8.71%	30.56%	-0.12%	19.27%	8.24%
3119.HK Global X Asia Semiconductor ETF	98.27%	65.58%	7.42%	34.80%	-38.92%	29.35%

Correlation

The correlation between UOVEY and 3119.HK 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	0.08
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021	0.10

Return for Risk

UOVEY vs. 3119.HK — Risk / Return Rank

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

UOVEY

UOVEY Risk / Return Rank: 85
UOVEY Sharpe Ratio Rank: 88
UOVEY Sortino Ratio Rank: 86
UOVEY Omega Ratio Rank: 87
UOVEY Calmar Ratio Rank: 84
UOVEY Martin Ratio Rank: 79

3119.HK

3119.HK Risk / Return Rank: 96
3119.HK Sharpe Ratio Rank: 98
3119.HK Sortino Ratio Rank: 95
3119.HK Omega Ratio Rank: 95
3119.HK Calmar Ratio Rank: 97
3119.HK Martin Ratio Rank: 97

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.

UOVEY vs. 3119.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United Overseas Bank Ltd ADR (UOVEY) and Global X Asia Semiconductor ETF (3119.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.

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.

	UOVEY	3119.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.66	4.39	-2.73
Sortino ratio: Return per unit of downside risk	2.47	4.32	-1.85
Omega ratio: Gain probability vs. loss probability	1.33	1.60	-0.27
Calmar ratio: Return relative to maximum drawdown	2.67	8.60	-5.94
Martin ratio: Return relative to average drawdown	4.96	32.13	-27.16

UOVEY vs. 3119.HK - Sharpe Ratio Comparison

The current UOVEY Sharpe Ratio is 1.66, which is lower than the 3119.HK Sharpe Ratio of 4.39. The chart below compares the historical Sharpe Ratios of UOVEY and 3119.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.

Drawdowns

UOVEY vs. 3119.HK - Drawdown Comparison

The maximum UOVEY drawdown since its inception was -65.99%, which is greater than 3119.HK's maximum drawdown of -45.76%. Use the drawdown chart below to compare losses from any high point for UOVEY and 3119.HK.

Drawdown Indicators

	UOVEY	3119.HK	Difference
Max Drawdown Largest peak-to-trough decline	-65.99%	-45.76%	-20.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-21.42%	+11.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-24.38%	+5.17%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.81%	—	—
Current Drawdown Current decline from peak	-0.18%	-10.74%	+10.56%
Average Drawdown Average peak-to-trough decline	-11.68%	-15.83%	+4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	5.66%	-0.40%

Volatility

UOVEY vs. 3119.HK - Volatility Comparison

The current volatility for United Overseas Bank Ltd ADR (UOVEY) is 5.77%, while Global X Asia Semiconductor ETF (3119.HK) has a volatility of 17.66%. This indicates that UOVEY experiences smaller price fluctuations and is considered to be less risky than 3119.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UOVEY	3119.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	17.66%	-11.89%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	37.30%	-23.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	41.99%	-26.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.83%	31.41%	-13.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	31.41%	-10.95%

Dividends

UOVEY vs. 3119.HK - Dividend Comparison

UOVEY's dividend yield for the trailing twelve months is around 4.11%, while 3119.HK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3119.HK Global X Asia Semiconductor ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UOVEY United Overseas Bank Ltd ADR	4.11%	6.35%	4.85%	5.58%	3.83%	3.68%	2.50%	4.66%	4.76%	3.99%	8.08%	5.82%

Frequently Asked Questions

Can I hold both UOVEY and 3119.HK in my portfolio?

UOVEY and 3119.HK 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.