^HSI vs. BCH-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Hang Seng Index (^HSI) and Bitcoin Cash (BCH-USD).

Performance

^HSI vs. BCH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Hang Seng Index (^HSI) and Bitcoin Cash (BCH-USD). The values are adjusted to include any dividend payments, if applicable.

^HSI vs. BCH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^HSI Hang Seng Index	-2.01%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	11.44%
BCH-USD Bitcoin Cash	-23.45%	38.42%	69.66%	163.02%	-77.50%	26.38%	67.29%	37.21%	-94.43%	502.95%

Different Trading Currencies

^HSI is traded in HKD, while BCH-USD is traded in USD. To make them comparable, the BCH-USD values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^HSI achieves a -2.01% return, which is significantly higher than BCH-USD's -23.45% return.

^HSI

• 1D: -0.70%
• 1M: -2.53%
• YTD: -2.01%
• 6M: -7.95%
• 1Y: 8.25%
• 3Y*: 7.16%
• 5Y*: -2.79%
• 10Y*: 2.05%

BCH-USD

• 1D: 0.00%
• 1M: 2.96%
• YTD: -23.45%
• 6M: -23.00%
• 1Y: 56.54%
• 3Y*: 52.62%
• 5Y*: -4.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^HSI vs. BCH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 25
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 29
^HSI Martin Ratio Rank: 30

BCH-USD

BCH-USD Risk / Return Rank: 85
BCH-USD Sharpe Ratio Rank: 94
BCH-USD Sortino Ratio Rank: 90
BCH-USD Omega Ratio Rank: 89
BCH-USD Calmar Ratio Rank: 77
BCH-USD Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^HSI vs. BCH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and Bitcoin Cash (BCH-USD). 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.

	^HSI	BCH-USD	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.83	-0.47
Sortino ratio Return per unit of downside risk	0.60	1.55	-0.96
Omega ratio Gain probability vs. loss probability	1.09	1.17	-0.08
Calmar ratio Return relative to maximum drawdown	0.48	-0.51	+0.99
Martin ratio Return relative to average drawdown	1.55	-1.02	+2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^HSI vs. BCH-USD - Sharpe Ratio Comparison

The current ^HSI Sharpe Ratio is 0.37, which is lower than the BCH-USD Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of ^HSI and BCH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^HSI	BCH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.83	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.05	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.00	+0.26

Correlation

The correlation between ^HSI and BCH-USD is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

^HSI vs. BCH-USD - Drawdown Comparison

The maximum ^HSI drawdown since its inception was -65.18%, smaller than the maximum BCH-USD drawdown of -97.88%. Use the drawdown chart below to compare losses from any high point for ^HSI and BCH-USD.

Drawdown Indicators

	^HSI	BCH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-65.18%	-97.96%	+32.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-32.47%	+19.25%
Max Drawdown (5Y) Largest decline over 5 years	-50.16%	-94.25%	+44.09%
Max Drawdown (10Y) Largest decline over 10 years	-55.70%	—	—
Current Drawdown Current decline from peak	-24.24%	-88.13%	+63.89%
Average Drawdown Average peak-to-trough decline	-24.18%	-86.02%	+61.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	16.26%	-11.36%

Volatility

^HSI vs. BCH-USD - Volatility Comparison

The current volatility for Hang Seng Index (^HSI) is 7.18%, while Bitcoin Cash (BCH-USD) has a volatility of 11.51%. This indicates that ^HSI experiences smaller price fluctuations and is considered to be less risky than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^HSI	BCH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	11.51%	-4.33%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	50.30%	-36.07%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	56.70%	-33.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	75.84%	-50.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	94.94%	-73.00%