VONOY vs. CAOVY

Last updated Jun 6, 2026

VONOY (Vonovia SE ADR) and CAOVY (China Overseas Land Investment) are both stocks. Both are in the Real Estate sector — VONOY in Real Estate - Services, CAOVY in Real Estate - Development. Over the past 5 years, VONOY returned -12.80%/yr vs 1.55%/yr for CAOVY. At a 0.07 correlation, their price movements are largely independent.

Performance

VONOY vs. CAOVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vonovia SE ADR (VONOY) and China Overseas Land Investment (CAOVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONOY achieves a -14.86% return, which is significantly lower than CAOVY's 32.88% return.

VONOY

• 1D: -3.03%
• 1M: -9.42%
• YTD: -14.86%
• 6M: -17.62%
• 1Y: -26.60%
• 3Y*: 11.15%
• 5Y*: -12.80%
• 10Y*: —

CAOVY

• 1D: -1.20%
• 1M: 0.82%
• YTD: 32.88%
• 6M: 15.46%
• 1Y: 22.08%
• 3Y*: 0.33%
• 5Y*: 1.55%
• 10Y*: 0.37%

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

VONOY vs. CAOVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONOY Vonovia SE ADR	-14.86%	-1.02%	-0.95%	48.13%	-55.59%	-21.96%	53.68%	13.04%	-5.79%	10.97%
CAOVY China Overseas Land Investment	32.88%	0.88%	-7.37%	-30.14%	18.98%	15.71%	-42.98%	19.11%	12.78%	-5.09%

Correlation

The correlation between VONOY and CAOVY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017	0.07

Fundamentals

Market Cap VONOY : $19.53B CAOVY : $21.58B
EPS VONOY : $2.05 CAOVY : $13.49
PE Ratio VONOY : 5.61 CAOVY : 0.73
PS Ratio VONOY : 3.28 CAOVY : 0.07
PB Ratio VONOY : 0.71 CAOVY : 0.06
Total Revenue (TTM) VONOY : $5.88B CAOVY : $289.97B
Gross Profit (TTM) VONOY : $3.29B CAOVY : $61.49B
EBITDA (TTM) VONOY : $4.01B CAOVY : $38.13B

Return for Risk

VONOY vs. CAOVY — Risk / Return Rank

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

VONOY

VONOY Risk / Return Rank: 7
VONOY Sharpe Ratio Rank: 5
VONOY Sortino Ratio Rank: 8
VONOY Omega Ratio Rank: 8
VONOY Calmar Ratio Rank: 10
VONOY Martin Ratio Rank: 5

CAOVY

CAOVY Risk / Return Rank: 57
CAOVY Sharpe Ratio Rank: 55
CAOVY Sortino Ratio Rank: 53
CAOVY Omega Ratio Rank: 54
CAOVY Calmar Ratio Rank: 60
CAOVY Martin Ratio Rank: 62

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.

VONOY vs. CAOVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vonovia SE ADR (VONOY) and China Overseas Land Investment (CAOVY). 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.

	VONOY	CAOVY	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	0.39	-1.38
Sortino ratio: Return per unit of downside risk	-1.30	0.94	-2.24
Omega ratio: Gain probability vs. loss probability	0.84	1.12	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.82	0.83	-1.65
Martin ratio: Return relative to average drawdown	-1.53	2.12	-3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VONOY vs. CAOVY - Sharpe Ratio Comparison

The current VONOY Sharpe Ratio is -0.99, which is lower than the CAOVY Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of VONOY and CAOVY, 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

	VONOY	CAOVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.99	0.39	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.03	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.08	-0.18

Drawdowns

VONOY vs. CAOVY - Drawdown Comparison

The maximum VONOY drawdown since its inception was -74.97%, which is greater than CAOVY's maximum drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for VONOY and CAOVY.

Drawdown Indicators

	VONOY	CAOVY	Difference
Max Drawdown Largest peak-to-trough decline	-74.97%	-59.68%	-15.29%
Max Drawdown (1Y) Largest decline over 1 year	-32.60%	-26.80%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-32.76%	-43.25%	+10.49%
Max Drawdown (5Y) Largest decline over 5 years	-73.23%	-57.94%	-15.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.68%	—
Current Drawdown Current decline from peak	-57.14%	-33.40%	-23.74%
Average Drawdown Average peak-to-trough decline	-38.02%	-22.00%	-16.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.45%	10.43%	+7.02%

Volatility

VONOY vs. CAOVY - Volatility Comparison

The current volatility for Vonovia SE ADR (VONOY) is 7.52%, while China Overseas Land Investment (CAOVY) has a volatility of 23.12%. This indicates that VONOY experiences smaller price fluctuations and is considered to be less risky than CAOVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONOY	CAOVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	23.12%	-15.60%
Volatility (6M) Calculated over the trailing 6-month period	22.60%	42.83%	-20.23%
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	57.54%	-30.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.34%	51.39%	-16.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.33%	45.69%	-9.36%

Dividends

VONOY vs. CAOVY - Dividend Comparison

VONOY's dividend yield for the trailing twelve months is around 6.27%, more than CAOVY's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAOVY China Overseas Land Investment	3.56%	4.73%	6.28%	5.47%	5.64%	6.12%	5.70%	2.64%	2.73%	3.18%	5.44%	2.04%
VONOY Vonovia SE ADR	6.27%	4.63%	3.21%	5.90%	7.87%	10.87%	2.17%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

VONOY vs. CAOVY - Profitability Comparison

The chart below illustrates the profitability comparison between Vonovia SE ADR and China Overseas Land Investment over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VONOY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vonovia SE ADR reported a gross profit of 941.84M and revenue of 1.54B. Therefore, the gross margin over that period was 61.2%.

CAOVY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, China Overseas Land Investment reported a gross profit of 13.21B and revenue of 93.25B. Therefore, the gross margin over that period was 14.2%.

VONOY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vonovia SE ADR reported an operating income of 649.71M and revenue of 1.54B, resulting in an operating margin of 42.2%.

CAOVY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, China Overseas Land Investment reported an operating income of 9.27B and revenue of 93.25B, resulting in an operating margin of 9.9%.

VONOY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vonovia SE ADR reported a net income of 213.96M and revenue of 1.54B, resulting in a net margin of 13.9%.

CAOVY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, China Overseas Land Investment reported a net income of 4.47B and revenue of 93.25B, resulting in a net margin of 4.8%.

Frequently Asked Questions

Can I hold both VONOY and CAOVY in my portfolio?

VONOY and CAOVY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONOY or CAOVY?

CAOVY has higher volatility (23.12%) compared to VONOY (7.52%). In terms of maximum drawdown, VONOY dropped -74.97% vs CAOVY's -59.68%.

Which has better risk-adjusted returns?

CAOVY currently has the higher Sharpe Ratio (0.39 vs -0.99), 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.