Capital Gains Yield Calculator
Compute the capital gains yield — the price appreciation component of an investment's total return.
Input Data
Results
At a glance:Capital gains yield = (ending price - beginning price) / beginning price x 100%. It captures only the price-appreciation part of return, excluding dividends or coupons. Example: bought at HK$50, sold at HK$60 gives (60 - 50) / 50 = 20%. It can be negative. WARNING: It is only the price component; total return also includes income. It is nominal and historical, ignoring fees, taxes and the holding period. In Hong Kong, individuals are generally not taxed on share price gains.
Formula
Capital gains = ending price - beginning price.
Capital gains yield = (ending price - beginning price) ÷ beginning price × 100%.
$$$Gain = P_{current}-P_{bought}$$$$$$CGY=\\dfrac{P_{current}-P_{bought}}{P_{bought}}\\times100\\%$$$$$$\\dfrac{120-100}{100}\\times100\\%=20\\%$$$How to Use
- Enter the beginning (purchase) price.
- Enter the ending (sale) price.
- View the capital gains yield as a percentage.
FAQ
What is capital gains yield?
It is the percentage change in an asset's price, excluding any income such as dividends or coupons. It answers 'how much did the price itself go up or down?'
How is it different from total return?
Total return = capital gains yield + income yield (dividends/coupons). Capital gains yield looks only at price movement, so a stock that gains 20% in price but pays no dividend has 20% capital gains yield and 20% total return; one that also pays 3% dividend has 23% total return.
Are capital gains taxed in Hong Kong?
Hong Kong generally does not tax an individual's share price gains (no capital gains tax), but dividends from overseas markets may be subject to withholding tax there. Tax treatment depends on the market and your circumstances — seek professional advice.
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References
Content review: Calculatorism Finance Team. Results are for reference only; please refer to the relevant authorities for the official figures.