Highlights
- Avg. Volume (1M)
- 25K
- Avg. Volume Value (1M)
- HK$197.82K
Share Price Chart
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Performance
HKD=X Performance Chart
USD/HKD (HKD=X) is up 0.8% since the beginning of the year. HKD=X is currently trading at HK$8 per share. Investors who bought HK$1,000 worth of HKD=X shares 5 years ago would now be looking at an investment worth HK$1,009.
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Returns By Period
USD/HKD (HKD=X) has returned 0.75% so far this year and -0.09% over the past 12 months. Over the last ten years, HKD=X has returned 0.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.37% annually.
USD/HKD
- 1D
- -0.01%
- 1M
- -0.01%
- 6M
- 0.37%
- YTD
- 0.75%
- 1Y
- -0.09%
- 3Y*
- 0.21%
- 5Y*
- 0.18%
- 10Y*
- 0.10%
- ALL TIME*
- 0.04%
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%
HKD=X Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2007, HKD=X's average daily return is 0.00%, while the average monthly return is 0.00%.
Historically, 48% of months were positive and 52% were negative. The best month was May 2025 with a return of +1.1%, while the worst month was Aug 2025 at -0.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HKD=X closed higher 51% of trading days. The best single day was Feb 2, 2016 with a return of +0.3%, while the worst single day was Sep 21, 2018 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.13% | 0.22% | -0.10% | 0.07% | 0.07% | -0.01% | 0.75% | |||||
| 2025 | 0.31% | -0.18% | 0.03% | -0.32% | 1.09% | 0.13% | 0.00% | -0.69% | -0.17% | -0.16% | 0.20% | -0.04% | 0.19% |
| 2024 | 0.12% | 0.14% | -0.06% | 0.00% | -0.08% | -0.10% | 0.03% | -0.21% | -0.31% | 0.00% | 0.11% | -0.17% | -0.52% |
| 2023 | 0.40% | 0.11% | 0.01% | -0.01% | -0.25% | 0.08% | -0.50% | 0.56% | -0.14% | -0.09% | -0.15% | -0.03% | -0.01% |
| 2022 | 0.01% | 0.21% | 0.24% | 0.17% | 0.01% | -0.02% | 0.05% | -0.01% | 0.01% | 0.00% | -0.51% | 0.00% | 0.17% |
| 2021 | -0.02% | 0.04% | 0.24% | -0.09% | -0.08% | 0.05% | 0.07% | 0.08% | 0.11% | -0.11% | 0.25% | -0.01% | 0.54% |
Benchmark Metrics
USD/HKD has an annualized alpha of 0.06%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 12, 2007.
- This currency tended to rise when S&P 500 Index fell (downside capture of -0.69%), but participation in market rallies was also limited (-0.16%) - a profile typical of counter-cyclical assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this currency 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 currency's risk.
- R2 of 0.00 means this currency 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
- 0.06%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- -0.16%
- Downside Capture
- -0.69%
Return for Risk
Risk / Return Rank
HKD=X ranks 43 for risk / return — above 43% of currencies peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for USD/HKD (HKD=X) 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.
| HKD=X | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.06 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.14 | 8.75 | -8.89 |
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 USD/HKD. 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 USD/HKD was 1.30%, occurring on Oct 9, 2020. Recovery took 1245 trading sessions.
The current USD/HKD drawdown is 0.11%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.30%Oct 2020 | 2y 1mo | 4y 8mo | 6y 10moAug 2018 - Jun 2025 | — |
-1.07%Oct 2025 | 3mo 17d | — | 1y 1moJul 2025 - now | — |
-0.84%Aug 2016 | 7mo 3d | 11mo 17d | 1y 6moJan 2016 - Aug 2017 | — |
-0.84%Oct 2009 | 1y 4mo | 6y 3mo | 7y 7moJun 2008 - Jan 2016 | Financial crisis2007–2009 |
-0.64%Mar 2008 | 1mo 25d | 2mo 27d | 4mo 22dJan 2008 - Jun 2008 | Financial crisis2007–2009 |
Drawdown Indicators
| HKD=X | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.30% | -56.80% | +55.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -8.77% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.25% | -18.97% | +17.72% |
Max Drawdown (5Y)Largest decline over 5 years | -1.28% | -24.92% | +23.64% |
Max Drawdown (10Y)Largest decline over 10 years | -1.30% | -34.06% | +32.76% |
Current DrawdownCurrent decline from peak | -0.11% | -1.52% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.57% | -9.26% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.07% | -1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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