WC8.AX vs. 3993.HK

Last updated Jul 21, 2026

WC8.AX (Wildcat Resources Limited) and 3993.HK (CMOC Group Ltd) are both stocks. Both are in the Basic Materials sector — WC8.AX in Gold, 3993.HK in Other Industrial Metals & Mining. Over the past 10 years, WC8.AX returned 32.25%/yr vs 28.42%/yr for 3993.HK. At a 0.10 correlation, their price movements are largely independent.

Performance

WC8.AX vs. 3993.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Wildcat Resources Limited (WC8.AX) and CMOC Group Ltd (3993.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WC8.AX is traded in AUD, while 3993.HK is traded in HKD. To make them comparable, the 3993.HK values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WC8.AX achieves a -1.37% return, which is significantly higher than 3993.HK's -19.29% return. Over the past 10 years, WC8.AX has outperformed 3993.HK with an annualized return of 32.25%, while 3993.HK has yielded a comparatively lower 28.42% annualized return.

WC8.AX

• 1D: -4.00%
• 1M: -36.28%
• 6M: -18.18%
• YTD: -1.37%
• 1Y: 89.47%
• 3Y*: 25.99%
• 5Y*: 71.88%
• 10Y*: 32.25%
• ALL TIME*: 31.60%

3993.HK

• 1D: 3.82%
• 1M: -14.38%
• 6M: -27.12%
• YTD: -19.29%
• 1Y: 78.67%
• 3Y*: 51.08%
• 5Y*: 27.42%
• 10Y*: 28.42%
• ALL TIME*: 13.96%

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

WC8.AX vs. 3993.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WC8.AX Wildcat Resources Limited	-1.37%	32.73%	-60.43%	2,795.83%	-50.00%	71.43%	21.74%	43.75%	-27.27%	15.79%
3993.HK CMOC Group Ltd	-19.29%	252.77%	39.33%	21.41%	-5.04%	-13.72%	41.59%	22.36%	-35.27%	147.61%

Correlation

The correlation between WC8.AX and 3993.HK is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 15, 2016	0.10

The correlation between WC8.AX and 3993.HK shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WC8.AX vs. 3993.HK — Risk / Return Rank

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

WC8.AX

WC8.AX Risk / Return Rank: 78
WC8.AX Sharpe Ratio Rank: 78
WC8.AX Sortino Ratio Rank: 78
WC8.AX Omega Ratio Rank: 73
WC8.AX Calmar Ratio Rank: 79
WC8.AX Martin Ratio Rank: 82

3993.HK

3993.HK Risk / Return Rank: 85
3993.HK Sharpe Ratio Rank: 90
3993.HK Sortino Ratio Rank: 85
3993.HK Omega Ratio Rank: 83
3993.HK Calmar Ratio Rank: 85
3993.HK Martin Ratio Rank: 83

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.

WC8.AX vs. 3993.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wildcat Resources Limited (WC8.AX) and CMOC Group Ltd (3993.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.

	WC8.AX	3993.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.58	-0.49
Sortino ratio: Return per unit of downside risk	1.89	2.22	-0.33
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.92	2.37	-0.45
Martin ratio: Return relative to average drawdown	5.70	5.30	+0.40

WC8.AX vs. 3993.HK - Sharpe Ratio Comparison

The current WC8.AX Sharpe Ratio is 1.10, which is lower than the 3993.HK Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of WC8.AX and 3993.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

WC8.AX vs. 3993.HK - Drawdown Comparison

The maximum WC8.AX drawdown since its inception was -86.34%, roughly equal to the maximum 3993.HK drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for WC8.AX and 3993.HK.

Drawdown Indicators

	WC8.AX	3993.HK	Difference
Max Drawdown Largest peak-to-trough decline	-86.34%	-89.28%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	-45.04%	-38.47%	-6.57%
Max Drawdown (3Y) Largest decline over 3 years	-86.34%	-38.47%	-47.87%
Max Drawdown (5Y) Largest decline over 5 years	-86.34%	-56.23%	-30.11%
Max Drawdown (10Y) Largest decline over 10 years	-86.34%	-62.50%	-23.84%
Current Drawdown Current decline from peak	-60.66%	-33.03%	-27.63%
Average Drawdown Average peak-to-trough decline	-40.72%	-42.47%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.01%	16.97%	-1.96%

Volatility

WC8.AX vs. 3993.HK - Volatility Comparison

The current volatility for Wildcat Resources Limited (WC8.AX) is 18.10%, while CMOC Group Ltd (3993.HK) has a volatility of 19.17%. This indicates that WC8.AX experiences smaller price fluctuations and is considered to be less risky than 3993.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WC8.AX	3993.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.10%	19.17%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	56.26%	42.39%	+13.87%
Volatility (1Y) Calculated over the trailing 1-year period	79.23%	57.81%	+21.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.13%	49.80%	+55.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.95%	50.97%	+47.98%

Dividends

WC8.AX vs. 3993.HK - Dividend Comparison

WC8.AX has not paid dividends to shareholders, while 3993.HK's dividend yield for the trailing twelve months is around 2.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3993.HK CMOC Group Ltd	2.02%	1.44%	3.23%	2.20%	2.33%	0.97%	0.93%	3.29%	3.25%	0.79%	1.55%	15.74%
WC8.AX Wildcat Resources Limited	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 WC8.AX and 3993.HK in my portfolio?

WC8.AX and 3993.HK have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.