^GSPC vs. 1093.HK
^GSPC (S&P 500 Index) is an index, while 1093.HK (CSPC Pharmaceutical Group Ltd) is a stock. Over the past 10 years, ^GSPC returned 13.61%/yr vs 17.60%/yr for 1093.HK. At a 0.08 correlation, their price movements are largely independent.
Performance
^GSPC vs. 1093.HK - Performance Comparison
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Different Trading Currencies
^GSPC is traded in USD, while 1093.HK is traded in HKD. To make them comparable, the 1093.HK values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^GSPC achieves a 8.56% return, which is significantly higher than 1093.HK's -14.70% return. Over the past 10 years, ^GSPC has underperformed 1093.HK with an annualized return of 13.61%, while 1093.HK has yielded a comparatively higher 17.60% annualized return.
^GSPC
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
1093.HK
- 1D
- 0.43%
- 1M
- -10.12%
- YTD
- -14.70%
- 6M
- -6.09%
- 1Y
- -18.63%
- 3Y*
- 6.07%
- 5Y*
- -7.74%
- 10Y*
- 17.60%
^GSPC vs. 1093.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
1093.HK CSPC Pharmaceutical Group Ltd | -14.70% | 81.07% | -30.62% | -7.78% | -0.87% | 7.97% | 62.29% | 69.64% | -27.68% | 93.28% |
Correlation
The correlation between ^GSPC and 1093.HK is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.08 |
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Return for Risk
^GSPC vs. 1093.HK — Risk / Return Rank
^GSPC
1093.HK
^GSPC vs. 1093.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and CSPC Pharmaceutical Group Ltd (1093.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.
| ^GSPC | 1093.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.97 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.49 | +3.02 |
| Martin ratioReturn relative to average drawdown | 11.37 | -0.88 | +12.25 |
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Drawdowns
^GSPC vs. 1093.HK - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum 1093.HK drawdown of -74.75%. Use the drawdown chart below to compare losses from any high point for ^GSPC and 1093.HK.
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Drawdown Indicators
| ^GSPC | 1093.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -74.75% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -38.76% | +29.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -38.76% | +19.86% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -60.80% | +35.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -61.22% | +27.30% |
Current DrawdownCurrent decline from peak | -2.34% | -36.31% | +33.97% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -26.99% | +16.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 21.40% | -19.38% |
Volatility
^GSPC vs. 1093.HK - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 4.43%, while CSPC Pharmaceutical Group Ltd (1093.HK) has a volatility of 13.42%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than 1093.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | 1093.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 13.42% | -8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 35.29% | -25.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 50.50% | -38.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 44.77% | -27.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 47.12% | -29.03% |
Frequently Asked Questions
^GSPC and 1093.HK have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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