^HSI vs. KTEC
^HSI (Hang Seng Index) is an index, while KTEC (KraneShares Hang Seng TECH Index ETF) is China Equities fund tracking the Hang Seng Tech Index. Over the past 3 years, ^HSI returned 9.74%/yr vs 6.98%/yr for KTEC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
^HSI vs. KTEC - Performance Comparison
Loading charts...
Different Trading Currencies
^HSI is traded in HKD, while KTEC is traded in USD. To make them comparable, the KTEC values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^HSI achieves a -1.47% return, which is significantly higher than KTEC's -11.25% return.
^HSI
- 1D
- -1.48%
- 1M
- -2.49%
- YTD
- -1.47%
- 6M
- -2.63%
- 1Y
- 6.76%
- 3Y*
- 9.74%
- 5Y*
- -2.67%
- 10Y*
- 1.85%
KTEC
- 1D
- -0.76%
- 1M
- -0.25%
- YTD
- -11.25%
- 6M
- -13.23%
- 1Y
- -10.70%
- 3Y*
- 6.98%
- 5Y*
- —
- 10Y*
- —
^HSI vs. KTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
^HSI Hang Seng Index | -1.47% | 27.77% | 17.67% | -13.82% | -15.46% | -18.60% |
KTEC KraneShares Hang Seng TECH Index ETF | -11.25% | 21.24% | 15.53% | -10.42% | -26.00% | -29.17% |
Correlation
The correlation between ^HSI and KTEC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.51 |
The correlation between ^HSI and KTEC has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^HSI vs. KTEC — Risk / Return Rank
^HSI
KTEC
^HSI vs. KTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and KraneShares Hang Seng TECH Index ETF (KTEC). 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 | KTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.96 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.37 | +0.91 |
| Martin ratioReturn relative to average drawdown | 1.35 | -0.67 | +2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ^HSI | KTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | -0.38 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.24 | +0.51 |
Drawdowns
^HSI vs. KTEC - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -65.18%, roughly equal to the maximum KTEC drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for ^HSI and KTEC.
Loading charts...
Drawdown Indicators
| ^HSI | KTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.18% | -66.53% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -28.88% | +16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -34.50% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.70% | — | — |
Current DrawdownCurrent decline from peak | -23.83% | -43.84% | +20.01% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -43.64% | +19.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 16.12% | -11.03% |
Volatility
^HSI vs. KTEC - Volatility Comparison
The current volatility for Hang Seng Index (^HSI) is 5.18%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 10.63%. This indicates that ^HSI experiences smaller price fluctuations and is considered to be less risky than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^HSI | KTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 10.63% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 20.57% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 28.07% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.32% | 43.09% | -17.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 43.09% | -21.13% |
Frequently Asked Questions
^HSI and KTEC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (10.63%) compared to ^HSI (5.18%). In terms of maximum drawdown, ^HSI dropped -65.18% vs KTEC's -66.53%.
^HSI currently has the higher Sharpe Ratio (0.37 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ^HSI and KTEC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer