^HSI vs. 9988.HK
Compare and contrast key facts about Hang Seng Index (^HSI) and Alibaba Group Holding Ltd (9988.HK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^HSI or 9988.HK.
Key characteristics
| ^HSI | 9988.HK | |
|---|---|---|
| YTD Return | 1.89% | 10.87% |
| 1Y Return | -3.76% | -1.07% |
| 3Y Return (Ann) | -12.32% | -19.18% |
| Sharpe Ratio | -0.27 | -0.23 |
| Daily Std Dev | 21.67% | 35.25% |
| Max Drawdown | -91.54% | -80.01% |
| Current Drawdown | -47.61% | -72.36% |
Correlation
The correlation between ^HSI and 9988.HK is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^HSI vs. 9988.HK - Performance Comparison
In the year-to-date period, ^HSI achieves a 1.89% return, which is significantly lower than 9988.HK's 10.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^HSI vs. 9988.HK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and Alibaba Group Holding Ltd (9988.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.
Drawdowns
^HSI vs. 9988.HK - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, which is greater than 9988.HK's maximum drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for ^HSI and 9988.HK. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. 9988.HK - Volatility Comparison
The current volatility for Hang Seng Index (^HSI) is 4.43%, while Alibaba Group Holding Ltd (9988.HK) has a volatility of 10.18%. This indicates that ^HSI experiences smaller price fluctuations and is considered to be less risky than 9988.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.