Highlights
- Avg. Volume (1M)
- 3B
- Avg. Volume Value (1M)
- HK$79.04T
Share Price Chart
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Performance
^HSI Performance Chart
Hang Seng Index (^HSI) is up 0.9% since the beginning of the year. ^HSI is currently trading at HK$25,859 per share. Investors who bought HK$1,000 worth of ^HSI shares 5 years ago would now be looking at an investment worth HK$996.
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Returns By Period
Hang Seng Index (^HSI) has returned 0.89% so far this year and 5.51% over the past 12 months. Over the last ten years, ^HSI has returned 1.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.37% annually.
Hang Seng Index
- 1D
- 0.00%
- 1M
- 12.16%
- 6M
- -5.58%
- YTD
- 0.89%
- 1Y
- 5.51%
- 3Y*
- 8.92%
- 5Y*
- -0.08%
- 10Y*
- 1.57%
- ALL TIME*
- 6.01%
Benchmark (S&P 500 Index)
- 1D
- 0.69%
- 1M
- 0.08%
- 6M
- 8.34%
- YTD
- 10.24%
- 1Y
- 19.96%
- 3Y*
- 18.09%
- 5Y*
- 11.45%
- 10Y*
- 13.37%
- ALL TIME*
- 9.04%
^HSI Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1986, ^HSI's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 57% of months were positive and 43% were negative. The best month was Dec 1993 with a return of +30.3%, while the worst month was Oct 1987 at -44.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ^HSI closed higher 52% of trading days. The best single day was Oct 29, 1997 with a return of +18.8%, while the worst single day was Oct 26, 1987 at -33.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.85% | -2.76% | -6.92% | 3.99% | -2.30% | -9.14% | 13.01% | 0.89% | |||||
| 2025 | 0.82% | 13.43% | 0.78% | -4.33% | 5.29% | 3.36% | 2.91% | 1.23% | 7.09% | -3.53% | -0.18% | -0.88% | 27.77% |
| 2024 | -9.16% | 6.63% | 0.18% | 7.39% | 1.78% | -2.00% | -2.11% | 3.72% | 17.48% | -3.86% | -4.40% | 3.28% | 17.67% |
| 2023 | 10.42% | -9.41% | 3.10% | -2.48% | -8.35% | 3.74% | 6.15% | -8.45% | -3.11% | -3.91% | -0.41% | 0.03% | -13.82% |
| 2022 | 1.73% | -4.58% | -3.15% | -4.13% | 1.54% | 2.08% | -7.79% | -1.00% | -13.69% | -14.72% | 26.62% | 6.37% | -15.46% |
| 2021 | 3.87% | 2.46% | -2.08% | 1.22% | 1.49% | -1.11% | -9.94% | -0.32% | -5.04% | 3.26% | -7.49% | -0.33% | -14.08% |
Benchmark Metrics
Hang Seng Index has an annualized alpha of 0.71%, beta of 0.27, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 31, 1986.
- This index participated in 101.03% of S&P 500 Index downside but only 64.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.27 may look defensive, but with R2 of 0.05 this index is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R2 of 0.05 means this index moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.71%
- Beta
- 0.27
- R²
- 0.05
- Upside Capture
- 64.09%
- Downside Capture
- 101.03%
Return for Risk
Risk / Return Rank
^HSI ranks 11 for risk / return — above 11% of indices peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hang Seng Index (^HSI) and compare them to S&P 500 Index.
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.
| ^HSI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.06 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.61 | 8.75 | -8.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hang Seng Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hang Seng Index was 65.18%, occurring on Oct 27, 2008. Recovery took 2275 trading sessions.
The current Hang Seng Index drawdown is 22.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-65.18%Oct 2008 | 12mo 2d | 9y 2mo | 10y 2moOct 2007 - Jan 2018 | Financial crisis2007–2009 |
-60.05%Aug 1998 | 1y 5d | 1y 4mo | 2y 4moAug 1997 - Dec 1999 | — |
-55.70%Oct 2022 | 4y 9mo | — | 8y 6moJan 2018 - now | Bear market2022 |
-54.05%Apr 2003 | 3y 27d | 3y 6mo | 6y 7moMar 2000 - Oct 2006 | — |
-52.02%Dec 1987 | 2mo 6d | 3y 7mo | 3y 9moOct 1987 - Jul 1991 | Black Monday1987 |
Drawdown Indicators
| ^HSI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.18% | -56.80% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.94% | -8.77% | -10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.43% | -18.97% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -44.91% | -24.92% | -19.99% |
Max Drawdown (10Y)Largest decline over 10 years | -55.70% | -34.06% | -21.64% |
Current DrawdownCurrent decline from peak | -22.00% | -1.52% | -20.48% |
Average DrawdownAverage peak-to-trough decline | -24.80% | -9.26% | -15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 2.07% | +5.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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